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Fed [463]
3 years ago
15

Determine if the following items represent an example of positive economics or normative economics.The richest 1% of Americans s

hould pay more taxes than the rest of the 99%.A decrease in the supply of coconut will increase the price of German chocolate cake, a good which requires coconut shavings as a key ingredient.The higher the minimum wage, the higher the price of goods and services is likely to be.Social welfare spending in Sweden occupies too large a portion of the national budget.
Business
1 answer:
Pepsi [2]3 years ago
7 0

Answer:

1. The richest 1% of Americans should pay more taxes than the rest of the 99% - Normative Economics

2. A decrease in the supply of coconut will increase the price of German chocolate cake, a good which requires coconut shavings as a key ingredient - Positive Economics

3. The higher the minimum wage, the higher the price of goods and services is likely to be - Positive Economics

4. Social welfare spending in Sweden occupies too large a portion of the national budget - Normative Economics

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C. is the answer to this question

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Elizabeth is an account executive for a financial services firm that specializes in employee benefits services. She is meeting w
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Answer:

The question is incomplete, it misses the option. The options are the following:

A. New-task

B. Straight rebuy

C. Modified rebuy

D. Contracted purchase

E. Limited modified buy

And the correct answer is the option A: New-task.

Explanation:

To begin with, in the field of business, the expresion of<em> ''new-task''</em> refers to the buying situation where the buyer purchases a product or a service for the very first time and therefore that he has no idea what to expect next accordingly to that new task because he has no information about it. Therefore that the buyer is looking for the help of Elizabeth in this case who represents a consultant that will help the buyer in this buying situation in order to try to make the best choice as possible.

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3 years ago
Henkes Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of
nlexa [21]

Answer:

$17.80 per labor-hour

Explanation:

Predetermined overhead rate = Budgeted Fixed Overheads ÷ Budgeted Activity

                                                  = $961,200 ÷ 54,000 labor-hours

                                                  = $17.80 per labor-hour

Predetermined overhead rate for the recently completed year is $17.80 per labor-hour.

7 0
3 years ago
For incentive pay to motivate employees to contribute to the organization's success, the pay plans must be well designed. Which
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Answer:

C. Employees value the rewards or incentives that are being offered

Explanation:

Let's see the different options for answer...

<u>A. Performance measures are to be linked to the individual's goals</u>

No.  Even if the performance measures should be linked to the individual's goals, just the mere existence of such KPI is not sufficient to motivate employees.   There has to be some performance reward attached to it.

<u>B. Employees are given very broad performance goals</u>

No. To get a good performance and motivate employees, they must be given clear goals and objectives.

<u>C. Employees value the rewards or incentives that are being offered</u>

Yes.  Even if you have good performance measurements, with realistic goals, the employees won't be motivated to reach those goals if the reward doesn't worth the effort.

<u>D. Employees are given limited resources to meet their goals</u>

No. They won't be motivated if they don't think they have the means to achieve those goals.

6 0
3 years ago
In a SWOT analysis, increasing gasoline prices would represent a potential __________ for manufacturers of electric cars.
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Answer: Opportunity

Explanation:

SWOT analysis measures the strength, weakness, opportunities and threats of an individual/organization in the areas they operate in. Manufacturers of electric cars would see increase in gasoline prices as an opportunity, as people would want to buy more electric cars.

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