Answer: a) $6
b) Of this amount, the burden that falls on consumers is $3 per bottle, and the burden that falls on producers is $3 per bottle.
c) False
Explanation:
a) The amount of tax paid on a bottle can be calculated as,
Amount of tax = Price paid by consumers - Price received by producers
Amount of tax = 7 - 1
Amount of tax = $6
b) The tax burden on the consumer is given by,
Tax burden of consumers = Price paid by consumers - Pre-tax Price
Tax burden of consumers = 7 - 4
Tax burden of consumers = $3
Tax burden of producers = Pre-tax price - Price received by producers
Tax burden of producers
Tax burden of producers = 4 - 1
Tax burden of producers = $3
c) False
Quantity sold does not change depending on who is taxed between the producer and the supplier.
Answer:
a. the rate of job finding.
Explanation:
The unemployment insurance system is a program managed by the federal and state governments to provide unemployment benefits to individuals who are unemployed and meet certain eligibility criteria.
Although not a goal of the unemployment insurance system, one effect is that the system reduces the rate of job finding.
However, the main goal of the unemployment insurance system is to reduce workers' uncertainty about their incomes.
Answer: At Mark’s Furniture, all the carpenters are in one group, and all the upholsterers are in another.
Explanation:
Functional structures refer to the grouping of company departments based on what the labor involved do for the company i.e. their functional expertise.
Mark's company is therefore using a functional structure because it groups its workforce by their functional expertise with carpenters in one group and upholsters in another.
Most companies follow this strategy which is why companies have departments such as accounting, human resources, marketing and production.
Answer:
Balanced Scorecard is a good measure for company's performance.
A list of measures is given against which American Express Company's performance can be measured which will benefit the company in improving their services and discarding if any service is not being benefited by their customers.
Each Key performance indicator needs to have a good measure of performance, so that the performance can be calculated easily.
Explanation:
Balanced Scorecard is a good measure for company's performance.
A list of measures is given against which American Express Company's performance can be measured which will benefit the company in improving their services and discarding if any service is not being benefited by their customers.
Each Key performance indicator needs to have a good measure of performance, so that the performance can be calculated easily.
Answer:
Franchising
Explanation:
Franchising is defined as the contract that exists between a parent company (franchisor) and other firms (franchisee) in which an operating licence is given to the franchisee.
The franchisor gives access to use of their brand and also provides support and training to the franchisee.
Franchisee in turn gives an agreed amount of profit to the franchisor for using their brand.
An established name and specific rules of operation is agreed upon in the contract.
