Money is a kind of asset in an economy that is castoff to purchase goods and amenities from other people. A commodity is a physical thing that is willingly substitutable with one more item of the same type. Commodity money is a commodity that has intrinsic value. Intrinsic value is the commodity has worth though it is not used as money. So the answer is a woman offers her neighbor a US silver dollar in exchange for a bicycle.
Answer: Integrated marketing communications
Explanation: It is a system of brand messaging used by several organisations nowadays. In such a system all the branches of marketing such as advertising, promotions, public relations etc are molded together to increase the potential of the business.
In the given case CL inc. used both sales promotion and public relation for making their potential and existing customers more aware.
Hence, from the above we can conclude that Option C is correct.
My response would be Tiffany is incorrect; a manager's actions can be legal but ethically questionable.
Ethics is a set of morals expected to be imbibed an followed by members of a particular profession. An action is considered legal if the action is in line with what is set forth is the laws set forth.
An action can be legal but not ethical but all ethical actions are legal. Consider a trader in a developing economy. In that country, there is no law prohibiting insider trading so it is legal to carry out insider trading. Even though it is legal, it is ethically wrong to conduct insider trading because a party would be advantaged to the detriment of other people.
Here are the options:
- Tiffany is correct; law and ethics are synonymous and should be used interchangeably in business.
- Tiffany is correct; whatever is legal is always ethical in business.
- Tiffany is incorrect; a manager's actions can be legal but ethically questionable.
- Tiffany is incorrect; there is no relationship between laws and ethics except when the board of directors approve an action.
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The profit will Bluetooth speaker sales bring this firm when it sells at the profit-maximizing level of output is $975
Profit-maximizing level
In economics, profit maximizing level of output means where its marginal cost (MC) just equals the product price and where marginal cost is increasing; that is, the MC curve is sloping upward.
Given
A firm that produces Bluetooth speakers collected the following data to determine their possible profits.
Here we need to find the profit will Bluetooth speaker sales bring this firm when it sells at the profit-maximizing level of output.
In order to find the profit-maximizing level of output for the Bluetooth, we have to subtract the maximum price by the minimum price.
For example let us consider $1000 be the maximum price of the Bluetooth and $25 is minimum price of the Bluetooth,
Then the profit-maximizing level of output is calculated as,
=> 1000 - 25
=> 975.
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Fiscal year is a 12 month calendar year reserved for the government.
Answer: Option B
<u>Explanation:</u>
In the business concern, corporate company, government and individual followed fiscal year plans. Fiscal year cover the twelve months of the period and also it is divided as four quarters. Year is not calculated from the calendar year from Jan to Dec it is from Oct to Nov.
This calendar is used and adjustable for the administrators, executives, managers, partnerships and individuals, suitable for most companies, corporate, non-profit, public etc for corresponding the fiscal year.
