Select the correct answer.

Determine which phase of the business cycle is associated with each event. a. Unemployment reaches its highest levels, while out

MAVERICK [17]

Answer and Explanation:

The explanation is as follows:

a. In the case when the unemployment reaches to the highest level and the results is in lowest so it would be due to trough

b. In the case when there is a decrease in unemployment and the production would be expand so this is due to an expansion

c. In the case when the economy is in full employment and the output would be generated in full capacity so this is due to peak

d. In the case when the real output is fallen for minimum two quarters so this is due to recession

6 0

3 years ago

Match each term with its best description A. goods and services are worth what people believe they are worth and are willing to

alekssr [168]

Answer:

1. Deontology C. is the normative ethical theory that a moral act is based on whether the act itself is right or wrong under a series of rules, and not based on the consequences of the act.

2. Utilitarianism D. the best ethical choice produces the best result for the greatest number

3. Free market ethics A. goods and services are worth what people believe they are worth and are willing to pay for and businesses need only be concerned with making a profit for owners (shareholders)

4. Virtue ethics B. based on the moral character of the person rather than the act

8 0

3 years ago

In an effort to make better and more efficient purchase decisions, the Ford Motor Co. includes various people, depending on the

expeople1 [14]

Answer:

Buying Center.

Explanation:

A Buying Center is a group if individuals within an organization that are responsible for making purchase decisions.

The Buying Center is also called the Decision Making Unit (DMU), and it includes personnel from various departments.

7 0

3 years ago

Sheffield Corp. is starting business and is unsure of whether to sell its product assembled or unassembled. The unit cost of the

son4ous [18]

Answer:

The correct decision would be to process further before product is sold

Explanation:

Profit if the product is sold un-assembled

Selling price $135

cost of un-assembled product ($60)

Profit on un-assembled product $75

Profit if the product is further assembled before sale

Selling price $170

Cost of un-assembled product ($60)

Cost of assembling product ($25)

Profit if the product is assembled $85

The profit increased by $10 if the product is further assembled before it is sold.

Hence the best course of action would be to further assemble the product before it is sold

7 0

4 years ago

A consumer expenditure survey reports the following information on consumer protein spending:201820192020PQPQPQFish$2.001000$2.5

ivann1987 [24]

Answer:

(a) "Cost of living" index decrease by 14.42% between 2018 and 2019.

(b) "Cost of living" index increase by 30.73% between 2018 and 2020.

(c) "cost of living" index increase by 45.05% between 2018 and 2020.

Explanation:

Note: See the attached excel file for the calculations of the "cost of living" index for eash of 2018, 2019, and 2020 using 2018 as the base year.

(a) by how much does a "cost of living" index increase between 2018 and 2019.

Cost of living index in 2018 = 100%

Cost of living index in 2019 = 85.68%

Increase (decrease) in cost of living index = Cost of living index in 2019 - Cost of living index in 2018 = 85.68% - 100% = (14.42%)

Therefore, "cost of living" index decrease by 14.42% between 2018 and 2019.

(b) by how much does a "cost of living" index increase between 2018 and 2020.

Cost of living index in 2018 = 100%

Cost of living index in 2020 = 130.73%

Increase (decrease) in cost of living index = Cost of living index in 2020 - Cost of living index in 2018 = 130.73% - 100% = 30.73%

Therefore, "cost of living" index increase by 30.73% between 2018 and 2020.

(c) by how much does a "cost of living" index increase between 2019 and 2020

Cost of living index in 2019 = 85.68%

Cost of living index in 2020 = 130.73%

Increase (decrease) in cost of living index = Cost of living index in 2020 - Cost of living index in 2018 = 130.73% - 85.68% = 45.05%

Therefore, "cost of living" index increase by 45.05% between 2018 and 2020.

Download xlsx

8 0

3 years ago