Answer:
Quota rent
Explanation:
When voluntary export restraints (VER) are set up and / or import quotas are enforced, the extra profit that domestic producers make because the supply is artificially limited is called quota rent. Quota rents are a type of economic inefficiency since they produce more losses than benefits. Society as a whole generally losses while a group of favored companies make huge profits.
For example, sugar imports are limited in the US, so domestic sugar producers are able to sell sugar at much higher prices than regular international prices. That artificial extra profit earned by sugar companies in the US can be classified as quota rent.
Question Completion:
see Exhibit 4 attached.
Answer:
1. The largest and smallest divisions by net sales in 2017:
Largest divisions:
Fabric & Home care with 32%
Baby, Feminine & Family Care, 28%
Smallest divisions:
Beauty with 18%
Grooming, 11%
Healthcare, 11%
2. The one most important division in terms of the proportionate net earnings for the company is:
Fabric & Home Care
Explanation:
The two largest divisions generate 60% of the net sales of the company while the three smallest divisions generate only 40%. In terms of the proportionate net earnings for the company, the two largest divisions also generate 53% of the net earnings of the company, while the three smallest divisions generate 47%. The analysis shows that the company's financial sustenance is largely driven by the Fabric & Home Care division and the Baby, Feminine & Family Care division. Another up-and-coming division is the Beauty division, which generates 18% of the net sales and 20% of the net earnings.
Based on the Trompenaar's value dimensions the culture that separate the work and the private lives of the manager is the specific oriented value
Explanation:
There are seven basic values based on which each of them are defined and the dimension that allow the people to keep their private lives and their work life different is called as specific oriented culture
The other dimensions also includes the difference between the national cultures and they developed the model in each cultures and they can help the people to understand the basic differences
Indirect.
This is because indirect tax is a tax on expenditure, whereas direct tax is a tax on income and wealth. Progressive taxes tax the rich more than the poor, but a sales tax charges everyone the same, therefore it is a regressive tax instead, as it takes up more of the poor's income. As it is not a choice, the answer is then an indirect tax.
Answer: Perfect Competition
Explanation:
This is a situation prevailing in a market in which buyers and sellers are so numerous and well informed that all elements of monopoly are absent.
