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3 years ago

According to Adam Smith, which of the following is necessary for the proper functioning of the market system?

Business

1 answer:

nlexa [21]3 years ago

4 0

Answer:

The correct answer is the option C: For markets to work, people must be free to pursue their self-interest.

Explanation:

To begin with, Adam Smith was a Scottish economist, philosopher and author known as ''The Father os Economics'' and whose works established the basics of today's economics.

To continue, in Smith's most known classic work, ''An Inquiry into the Nature and Causes of the Wealth of Nations'', he established the concept called the ''invisible hand'' that states that in order to the economy to work properly, the people must be free to pursue their self-interest products without no restrictions from the government.

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A recent memo from the Marketing Department stated that sales will go up next month because a new advertising campaign is being

statuscvo [17]

Answer:

B) The increased title sales will offset advertising costs.

Explanation:

I solved this using an elimination process, since we can infer:

that customer demand should increase due to the new advertising campaign.
the sales of the new title should help increase the total sales volume.
since the advertising campaign is about the new title, it sales should be affected by it.
hopefully a lot of customers that listen or watch the advertising campaign will buy the new title.

The only thing that we are not given any information about is the cost of the advertising campaign, so there is no way we can tell if the increased sales will offset the costs.

7 0

3 years ago

In order for private bargaining to result in the efficient outcome,A) an injunction must be requestedB) property rights must be

lianna [129]

Answer:

The correct answer is letter "B": property rights must be clearly assigned to the parties involved in the dispute.

Explanation:

Named after British lawyer and economist Ronald Coase (1910-2013) the Coase Theorem states when there are competitive markets and no transaction costs bargaining will lead to an efficient and mutually beneficial outcome. The theorem affirms that when property rights are defined and divided, parties will gravitate to the most efficient and beneficial outcome.

3 0

3 years ago

Luke is the type of leader that concentrates on relationships as he leads and not just tasks. According to fiedler’s contingency

elena55 [62]

Luke is the type of leader that concentrates on relationships as he leads and not just tasks. Luke is an LPC type of leader.

Option A high - LPC leader.

Fiedler's Contingency Theory of Leadership is a good reminder that leadership isn't a one-size-fits-all approach. It's possible that just because your team isn't functioning as well as it should, you aren't a competent leader. Instead, your natural leadership style might not be the best fit for your team's current demands.

You are more relationship-oriented if you rank your least favorite coworker positively on a range of different parameters. You are more task-oriented if you judge them less positively on the same criteria.

Essentially:

You're a relationship-oriented leader if you have a high LPC rating.

You're a task-oriented leader if you have a low LPC.

Building relationships, creating team cohesion, and managing interpersonal conflict are all skills that relationship-oriented leaders excel at. Task-oriented leaders are good at coordinating projects and teams to get things done quickly and efficiently.

Disclaimer: The question was incomplete. Please find the full content below.

Question: Luke is the type of leader that concentrates on relationships as he leads and not just tasks. According to Fiedler’s Contingency Model, Luke is what type of leader?

A) A moderate-LPC leader

B) An adequate-LPC leader

C) A high-LPC leader

D) A low-LPC leader

Learn more about relationships at

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3 0

2 years ago

Fischer Company has outstanding 8,000 shares of $100 par value, 5% preferred stock, and 50,000 shares of $1 par value common sto

nikklg [1K]

Answer:

The appropriate solution is "$130,000".

Explanation:

The given values are:

No. of common shares outstanding

= 50,000

Dividend per share

= $1.80

No. of preferred shares outstanding

= 8,000

Dividend per share

= $5

Now,

The total dividend on common shares will be:

= $No. \ of \ common \ shared \ outstanding\times Dividend \ per \ share$

On substituting the values, we get

= $50,000\times 1.80$

= $90,000$ ($)

The total dividend on preferred stock will be:

= $No. \ of \ preferred \ shares \ outstanding\times Divided \ per \ share$

On substituting the values, we get

= $8,000\times 5$

= $40,000$ ($)

Hence,

The total dividend paid by company will be:

= $Total \ dividend \ on \ common \ shares +Total \ dividend \ on \ preferred \ stock$

= $90,000+40,000$

= $130,000$ ($)

Thus the above is the correct answer.

4 0

2 years ago

there is some concern that increased use of could prompt the need for legislation protecting employee privacy rights.

djyliett [7]

There is some concern that increased use of electronic databases could prompt the need for legislation protecting employee privacy rights.

An electronic database is a computer-based collection also listing of the information. Through this the information can be searched in a fast and easy manner.

Electronic databases held organized collections of data, or information, which is thus stored in a computer in a readable form. So sometimes, the increased use of electronic databases might probably prompt the need for legislation which protects employee privacy rights.

Hence, the electronic databases can make it easier to search, query, filter and retrieve required data.

To learn more about legislation here:

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6 0

1 year ago

According to Adam​ Smith, which of the following is necessary for the proper functioning of the market​ system?

According to Adam Smith, which of the following is necessary for the proper functioning of the market system?