1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Gekata [30.6K]
3 years ago
10

The concentration ratio provides a measure of the extent to which an industry Question 63 options: produces a useful product. is

dominated by a small number of firms. is earning economic profits. is earning accounting profits.
Business
1 answer:
Verdich [7]3 years ago
7 0

Answer:

"The concentration ratio provides a measure of the extent to which an industry is dominated by a small number of firms.

Explanation:

Let us assume that there are 20 firms in the paper milling industry with a total sales of $40 billion per annum.  From these 20 firms, 4 firms have annual sales totalling $25 billion.  With these assumptions made, we can calculate the concentration ratio as the "Annual sales of the 4 firms divided by the Industry's annual sales, and then multiplied by 100."  Our calculation produces a concentration ratio of 62.5%.  This concentration ratio shows the dominance of these four firms in the paper milling industry.  The remaining 16 firms control 37.5% (100% - 62.5%) of the annual sales in the industry.  This examples explains what a concentration ratio is and how the calculation can be carried out.

You might be interested in
Functions of Money Jeffrey has had a busy day. Today he went to a financial manager to begin planning for his son's future. He o
Novosadov [1.4K]

Answer:

Store of value.

Explanation:

In economics or financial accounting, money can be defined as any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.

Simply stated, money refers to any asset which can be used to purchase goods and services by customers.

This ultimately implies that, money is any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.

The three (3) main functions of money all over the world are;

I. Medium of exchange.

II. Unit of account.

III. Store of value.

In this scenario, Jeffrey went to a financial manager to begin planning for his son's future by opening a college savings account. Thus, this is is an example of a store of value because the purchasing power was transferred from the present to the future.

In conclusion, money being a store of value makes it possible to transfer purchasing power between traders and buyers from the present to the future.

5 0
3 years ago
What is the role of Scientific management in the modern era?​
rjkz [21]

The Scientific management in the modern era is management that analyzes and synthesizes workflows.

The role of  Scientific management in the modern era is improving economic efficiency, especially in the labor productivity. It is a systematic approach to handle management problems. It implies scientific techniques in method of work, recruitment, selection and training of workers.

Scientific management in the modern era is helped in the enhanced production. The employees perform repetitive tasks and are therefore easily controlled by the management.

To know more about management here,

brainly.com/question/20435550

#SPJ9

6 0
1 year ago
With ________ products and services, a higher price might lead to a greater quantity sold, but only up to a certain point.
MatroZZZ [7]

With prestige goods and services, a higher price may, but not always, result in a higher sales volume.

<h3>What do economists mean by prestige goods?</h3>

Numerous products and services have prestige value, elevating the standing of their owners or users. Such items are referred to be prestige (or status, or positional) goods. These prestige products include things like jewelry, designer apparel, expensive homes and vehicles, and lavish entertainment.

<h3>Why is the demand curve for prestige items different?</h3>

Prestige goods may actually see an increase in demand as a result of price increases since customers perceive them to be more value. The demand curve slopes upward in certain circumstances.

To know more bout  Prestige products visit:

brainly.com/question/6374886

#SPJ4

8 0
1 year ago
What effects did the Great Depression have on the credit industry?
koban [17]
There were no effects the great depression has on the credit industry. There was instead insider trading. people didn't care about the dangers of inside trading. But then WWII put the US back on track.

The effects Postwar Era had been good. Consumer borrowing increased. the G.I Bill was used by thousands of veterans to go to college or buy homes. Wages were mostly higher now and there were many jobs out there.
7 0
4 years ago
How often must a financial institution pay interest to the commissioner of management and budget from a broker's interest-bearin
Luda [366]

The answer is At least quarterly.

financial institution pay interest to the commissioner of management and budget from a broker's interest-bearing trust account at least quarterly.

What is a Financial institutions?

  • A financial institution (FI) could be a company locked in within the business of managing with monetary and financial transactions such as stores, advances, ventures, and cash exchange.
  • Financial institutions envelop a wide run of commerce operations inside the money related administrations segment counting banks, believe companies, protections companies, brokerage firms, and speculation dealers.
  • Financial teach can shift by measure, scope, and geography.
  • A financial institution (FI) is a company engaged in the business of dealing with financial and monetary transactions such as deposits, loans, investments, and currency exchange.

To know more about financial institution visit:

brainly.com/question/14583055?

#SPJ4

3 0
2 years ago
Other questions:
  • When can ScreenTips be useful?
    6·1 answer
  • Why does a bank sometimes hold excess reserves?
    5·2 answers
  • The following transactions occurred during January 2021:
    12·1 answer
  • How to calculate APS?
    11·1 answer
  • Kraft produces Lunchables, a prepackaged meal usually consisting of several crackers, small slices of meat, and small slices of
    10·1 answer
  • An investor can trade Foreign Currency Options on all of the following EXCEPT:
    15·1 answer
  • Mike has saved $6,000 for a down payment on a car. He qualifies for two car loans. One has a 10% interest rate that does not req
    9·1 answer
  • For each of the following item below, indicate to which category of elements of financial statements it belongs.
    11·1 answer
  • Dyer Furniture is expected to pay a dividend of D1 = $1.25 per share at the end of the year, and that dividend is expected to gr
    8·1 answer
  • Suppose a self-regulating economy is in a recessionary gap at the time the Fed enacts expansionary monetary policy. Furthermore,
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!