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Andrews [41]
3 years ago
14

How does competition in a free-market system effect the game of economics?

Business
1 answer:
frez [133]3 years ago
8 0
A free market is where the prices of good ands service are detirmined by the open market and consumers, in which the laws and forces of supply and demand are controlled by government or any other authority.
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Global Industries has just issued new appraisal forms to all managers. The company has requested that each subordinate be rated
Cerrena [4.2K]

Answer: judgemental appraisal method.

Explanation: judgemental appraisal method is a form of performance appraisal—a systematic, general and periodic process that assesses an job performance and productivity of employees in comparison to certain pre-established criteria and organizational objectives. The judgmental appraisal method is applied when assessing individual employee's job performance and productivity in areas that are difficult to measure. Vast majority of information gathered and delivered using this technique is subjective though there may be some parts that are objective.

By requesting that each subordinate be rated (performance evaluation) according to how closely the appraisal (pre-determined criteria) describes the employee, the company new form is an example of a judgmental appraisal method.

5 0
3 years ago
What is the best strategy to avoid paying interest on your credit cards?
lord [1]

c pay the miminum balance each month

8 0
3 years ago
Read 2 more answers
A fad is a product that is popular for an extended period of time.
Westkost [7]
This is false. a fad is a product that is popular for a SHORT amount of time .
7 0
3 years ago
Which of the following statements are true regarding​ externalities? ​(Check all that apply​.) A. Deadweight loss can be either
ella [17]

Answer:

d

Explanation:

A good has positive externality if the benefits to third parties not involved in production is greater than the cost. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced. Government can encourage the production of activities that generate positive externality by granting subsidies.

A good has negative externality if the costs to third parties not involved in production is greater than the benefits. an example of an activity that generates negative externality is pollution. Pollution can be generated at little or no cost, so they are usually overproduced. Government can discourage the production of activities that generate negative externality by taxation. Taxation increases the cost of production and therefore discourages overproduction. Tax levied on externality is known as Pigouvian tax.

Government can regulate the amount of externality produced by placing an upper limit on the amount of negative externality permissible

Coase theorem has been proposed as a solution to externality. According to this theory, when there are conflicting property rights, bargaining between parties involved can lead to an efficient outcome only if the bargaining cost is low

Another solution to negative externality is through the activities of charities. Charities can raise donations to limit or regulate the activities of firms that constitutes a negative externality.

6 0
3 years ago
On December 31, 2020, Lemmon Company issued 20,000 shares of its common stock with a fair value of $50 per share for all of the
Phantasy [73]

Answer:

$1,002,000

Explanation:

The costs incurred on the share for share exchange include the fair value per share ,issue costs,direct cost as well as contingent consideration(consideration based on the acquired business performance.

However,the costs eligible to be recorded as investment upon acquisition are the fair value per share and the contingent obligation as shown below:

Fair value (entire shares) $50*20,000=$1,000,000

fair value of potential obligation           =$2000

total value of investment                        $1,002,000

The issue costs and direct should be expensed immediately.

5 0
3 years ago
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