Answer: b. Jordan values option B more than options A and C.
Explanation:
All options cost the same explicitly which means that Jordan's choice was made based on implicit/ opportunity cost factors.
These undisclosed factors led to Jordan valuing option B more than the other options which is why it was picked even thought they all cost the same. Had any other option being more valuable than B, it would have been picked but since B was picked, B was the most valuable.
Answer:
1) b. National security documents
c. Documents with confidential information
2) i - requires
ii - open
iii - accused of a crime
iv - future
v - future
vi - closed
3) c. Regulatory Flexibility Act
4) True
5) True, 60days
Explanation:
1) Two categories of records that are exempt from public disclosure under the Freedom of Information Act are; "National security documents & Documents with confidential information".
2) The Government in the Sunshine Act requires all agency meetings to be open to the public unless they meet certain criteria. If a person is going to be accused of a crime, if future agency action would be frustrated, or if the meeting involves future litigation or rule making, then the meeting may be closed.
3) The law which requires the government to reassess the impact on business and continue to look for less burdensome means of achieving a governmental goal is Regulatory Flexibility Act.
4) It is true that the Regulatory Flexibility Act relieved small businesses of certain record-keeping requirements under agency rules and federal statutes.
5) The Small Business Regulatory Enforcement Fairness Act gives Congress 60 days to review new federal regulations to be sure that they do not unduly burden small businesses.
Answer:
The correct answer is letter "A": to ask if the industry's growth and profit prospects are strongly attractive to potential entry candidates.
Explanation:
The worldwide economy has allowed firms to expand their operations benefiting them by exploring new markets and increasing their number of customers, thus, generating more revenue. Before the firm decides to go ahead with the venture, <em>a market analysis must be performed to determine if the industry in the target country is growing and facilitates the operation of the business to ensure profits.</em>
Answer:
Month. Machine Hours. Total costs
January. 1,800 $21,500
February. 2,900 $23,200
March. 1,000. $19,750
April. 2,400. $21,000
May. 3,400. $23,900
High-Low method = 23, 900 + 21,000
= 44,900
Answer: In market economies, buyers of inputs know that sellers want to earn profits.
Explanation: In a command economy, the state decides about what goods are to be produced, how much they must be produced and at what price they must be distributed in the society. While, in a market economy decisions about investment and production are determined by the forces of demand and supply. A command economy focuses on social welfare and equal distribution. While a market economy is driven by the profit motive. Thus, it is easy for firms to buy inputs in a market economy than in a command economy. In market economies, buyers of inputs know that sellers want to earn profits.
