An increase in demand means that quantity demanded is higher at each price level. True or false

A company with a completely fixed cost structure will have operating leverage of 1.a. Trueb. False

olganol [36]

Answer:

False. This is because 1 is an odd number and that it is too low in value.

5 0

3 years ago

If a country imposes a tariff on imported shoes, we expect the domestic price of shoes to ______ .

boyakko [2]

If a country imposes a tariff on imported shoes, we expect the domestic price of shoes to rise, domestic consumption to fall, and domestic production to rise.

A levy on imported goods is known as a tariff. The use of an example is the simplest way to explain how it operates. The US lumber industry is the example we've used throughout this section, and it's continuing below. The domestic equilibrium price and quantity in the domestic market are $1,000 per board foot and 40 million board feet, respectively. PD = $1,000 and QD = 40,000,000 are used to represent this. The world price, or PW, in this instance is significantly less than the local price. While this is not always the case, if PW is higher than PD, there is no reason to import (This model assumes that imports are identical to domestic products in every respect except for price).

American customers will buy a lot more lumber if they can obtain imports for as little as $400. The number of units they will be demanded will rise to 70 million (40 million more than the domestic equilibrium). With the improved accessibility to inexpensive lumber, these consumers are vastly better off.

The imports, on the other hand, cause domestic producers to lose a significant amount of surplus. Previously, they could have provided 40 million board feet of lumber for $1,000, but now they can only provide 10 million. This is due to the fact that many domestic companies will either exit the market or reduce production since they can no longer compete with the foreign production.

60 million board feet of lumber are imported from Canada out of a total production of 70 million board feet, 10 million of which are produced domestically.

To lean more about Tariffs from the given link.

brainly.com/question/26923792

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3 0

1 year ago

Shawn went to a restaurant where the beer was mediocre and the place was run-down. The restaurant was out of many of its more po

Dmitry_Shevchenko [17]

Answer:

The options for this question are the following:

a. reason for purchase

b. buyer mood or condition

c. social surroundings

d. time considerations

e. physical surroundings

The correct answer is c. social surroundings.

Explanation:

The social surroundings of a subject is formed by their living and working conditions, the studies they have completed, their level of income and the community of which they are a part. Each of these factors influences the health of the individual: therefore, globally, differences between the social environments of different countries create disparities in health.

In this way, life expectancy and disease rates vary according to the education the person has received, the type of work they do and the income they receive month by month.

Government agencies often develop various plans to improve the social environment (that is, to provide the right conditions for the full development of the subject). Among the objectives proposed by this type of initiative are the creation of jobs, the improvement of quality and safety in the workplace, the mass access to social benefits and the increase in financing to attend the poorest regions.

7 0

4 years ago

Describe the general processes that should be followed in managing risks throughout a project. Be sure to include the general se

Alexxandr [17]

Answer:

The risk management process can be summarised into simple but effective steps.

1. Identification / Recognition of Risk: You can't manage risk if you haven't identified it. Project risks can be very overwhelming. But here are some steps that can help you do so:

Consider every aspect of the project

Look at worst-case scenarios with respect to each milestone/aspect of the project. Ask the question "what is the worst occurent that can take place?"

Consulting an expert can also be a quick way to properly identify risks. This is so because they have many years of experience doing so. The downside to this is that it can be expensive.

Carrying out internal and external research

Getting regular feedback from employees. Employees are the ones who operate the process. Their experiences are invaluable.

Documenting and examining complaints from customers. This is one of the best ways of protecting one's brand for loss of equity. Customers are a strong gauge of whether or not the company is doing it right.

Once risks have been identified, they can be inserted into a Project Risk Register.

A project risk register is can be a hard document or an electronic document which itemizes all the risks relating to a project as well as their nature. It helps the project manager to keep an eye on all regulatory and compliance risks.

2. Risk Analysis

Risk analysis refers to the process of grouping risks according to their probability of occurence as well as their potential impact on the Project.

3. Risk Evaluation

This refers to the categorization of the risks according to the size of potential damage to the project if they occurred. Some of them will require urgent and or serious attention, others, on the balance of probability will require little or no treatment as their likelihood of occurrence and consequences are very low.

4. Transfer, Mitigate, or Eliminate the Risk

There are several ways to remove or reduce risks. Some of them are:

Use of policies: Policies modify and guide human behaviour within an organisation. When people do the right thing, there is less risk to worry about.
Use of contracts: Many of the risks which can affect a project can arise from the contract. Having a legal professional go through a contract can help to reduce risks associated with entering into the same.
Insurance: This is a risk transfer mechanism which allows an insurance company to take on the risks of a project or a business in exchange for a premium.

5. Continously review and monitor the Risks

The Project Risk Register is a good tool for reviewing and monitoring risks.

When there is a new development with the project, it is important to ask the question "how does this modify our risk exposure".

If for instance, the geographical location for a construction project has changed, this may significantly alter the risks universe of the project and needs to be reviewed/managed using steps 1-4 above.

Cheers!

3 0

3 years ago

High-risk insurance pools in some states allow drivers with poor driving records to obtain minimum coverage at a lower cost than

drek231 [11]

Answer:

True

Explanation:

It is true that high-risk insurance pools in some states allow drivers with poor driving records to obtain minimum coverage at a lower cost than would otherwise be offered by a private insurer. High-risk drivers can only get insurance through the shared market plans if they are unable to obtain insurance.

5 0

3 years ago