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3 years ago

Laws designed to promote competition and prevent the formation of monopolies are known as _______ laws

1 answer:

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<span>Laws designed to promote competition and prevent the formation of monopolies are known as _antitrust_ laws.
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Typhanie, a customer service representative with WestComm Wireless Services, was asked by one of her customers if WestComm would

insens350 [35]

Answer:

E. Centralized Authority.

Explanation:

As Typhanie, a customer service representative with WestComm Wireless Services, was asked by one of her customers if WestComm would be interested in joining the chamber of commerce to meet potential customers and increase its contacts in the local business community. Typhanie believes this is a very good idea and approached her manager, Deondre, about becoming a chamber member. Deondre said to Typhanie, "Because the cost of membership is over $500 and you will have to leave the office to attend meetings, I will have to get approval from management above me." WestComm is an example of an organization with centralized authority.

In centralized authority, the decisions are made from the top level management or decisions are made from certain managers. Anyone can't make decisions by his or her own in this kind of management style. This system has many flaws as well. As we have seen here in this case, Typhanie is interested in going to chamber of commerce which definitely will be very good for the organisation but when she approached her manager Deondre, he said he even himself can't decide about it, he has to get the orders from his boss. Although the event can be good for the organisation but centralized decision making has made it almost impossible.

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3 years ago

What is State Farm's Promise of Customer Satisfaction on recycled sheet metal?

MakcuM [25]

The State Farm's Promise of Customer Satisfaction on recycled sheet metal is for at least as long as the OEM would have warranted its new replacement part. Thus 2nd option is correct.

<h3>What is Customer satisfaction?</h3>

Customer Satisfaction refers to the fulfillment of the needs and the desire of the customer by making the product as per there requirement. It is the measurement of the how much the customer is satisfied with the product.

In the above case, the State Farm provides the services to the customer by selling the metal sheets. They had promised the customer for providing the original equipment manufactured to be replaced with the new till the life span of the metal sheets.

Thus the correct option is 2nd.

Learn more about the Customer satisfaction here:

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3 0

2 years ago

In which market does a company's initial public offering (IPO) occur?

kirza4 [7]

Answer:

A primary

Explanation:

The operations of the capital markets are categorized into primary and secondary markets. The primary market is where enterprises sell new bonds and equity to the public for the first time. A good example is the initial public offering (IPO). An IPO is a process of issuing out new shares of a corporation to the public for the first time.

The primary market is for new shares, bonds, and other money market securities issued for sale for the first time.

7 0

3 years ago

Suppose a tax of $1 per unit is imposed on a good. The more elastic the supply of the good, other things equal, the.

zimovet [89]

Suppose a tax of $1 per unit is imposed on a good. The more elastic the supply of the good, other things equal, the the larger is the deadweight loss of the tax.

<h3>What Is a deadweight loss of taxation? </h3>

The measurement of loss brought on by the introduction of a new tax is referred to as the deadweight loss of taxation. This is the outcome of a new tax that is higher than what is typically paid to the taxing body of the government. A tax's impact on consumer surplus is known as "deadweight loss."

The amount of money the government makes when a tax is imposed on a good is exactly equal to the surplus that the tax causes to be lost by consumers and producers. A deadweight loss occurs when supply and demand are out of balance, leading to market inefficiencies. Deadweight losses are generally caused by an inefficient resource allocation that is brought about by a variety of interventions, including price floors, ceilings, monopolies, and taxes.

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The complete question is:

Suppose a tax of $1 per unit is imposed on a good. The more elastic the supply of the good, other things equal:

a. the smaller is the response of quantity supplied to the tax.

b. the larger is the tax burden on sellers relative to the tax burden on buyers.

c. the larger is the deadweight loss of the tax.

d. All of the above are correct

8 0

1 year ago

Production costs chargeable to the Finishing Department in June in Waterway Company are materials $16,524, labor $21,602, overhe

d1i1m1o1n [39]

Answer:

Cost Per Equivalent Unit Materials 0.81 Conversion 2.14

Completed Units Costs $ 53690

Ending Work In Process Costs $ 4136

Total Costs $ 57826

Explanation:

<u>Waterway Company</u>

<u>Finishing Department </u>

Materials Conversion

Costs $16,524, $21,602 + $19,700

$ 41302

Equivalent units of production 20,400 19,300

Cost Per Equivalent Unit 16524/20400= 0.81 41302/19300= 2.14

We find the Cost per Equivalent unit and then multiply with the completed units and Ending work in process units to get their costs.

<u>Completed Units Costs $ 53690</u>

Materials = 18200* 0.81 = 14742

Conversion= 18200 * 2.14= 38948

Total Costs $ 53690

<u>Ending Work In Process Costs $ 4136</u>

Materials = 2200* 0.81 = 1782

Conversion= 2200 * 50 % * 2.14= 2354

Total Costs $ 4136

Total Costs Accounted For = Completed Units Costs $ 53690 + Ending Work In Process Costs $ 4136= <u>$ 57826</u>

Total Costs Added During the process = Materials + Conversion = $16,524,+ $ 41302=

4 0

3 years ago