Answer:
United States continue to have quotas because it increases the price of imported Sugar and thereby reducing the quantity demanded.
Explanation:
To start with, quotas is a restriction imposed by a government. Quotas limits the quantity of a good that can be imported into a country during a specific period of time. In this question, an import license specifies the quantity of Sugar that be brought into (imported) the USA.
United States continue to have these quotas because import quotas reduces the supply of imported goods (Sugar), thereby, preventing an uncontrolled importation of Sugar. This raises the price of imported Sugar against the price of locally produced Sugar which is lower in price. Intuitively, consumers will go for lower price (locally produced Sugar) which satisfies the law of demand for normal goods.
Therefore, it helps the domestic producers to stay in the competition.
I will assume here (since I don't have more information) that each school needs one English and one Accounting professor, but that more people are ready to teach English than accounting (this assumption might be wrong, but it's what think)
therefore the supply is bigger for the English professors than for the Accounting professors -this means that the accounting professors can ask for bigger salary (the bigger the supply, the smaller the prize)
Answer: Option E
Explanation:
A. Poor quality inventory will not be sold leading to excess of it thus it is a reason.
B. Large set up times will lead to loosing of customers, thus, reason for excess inventory.
C. Unreliable equipment urges for overproduction while the equipment is working efficiently thus it is a reason for excess inventory.
D. Poor employee relationships effects organisation process which might lead to delay in sales thus, a reason for excess inventory.
E. Workers union establishes efficiency in the work performance of labor, thus, it is not a reason in excess inventory.
Answer:
D) Catering to entrepreneurs
Explanation:
Catering to entrepreneurship is a business practice carried out by corporations that generally seek to purchase start ups for the new technologies that they developed (including patents) rather than for their business model or profits. E.g. [email protected] paid $2 billion for Oculus, and Google acquired Nest for $3.2 billion. None of these companies actually made any money, but the innovations that they develop may generate a lot of money if they are backed up by a major player.
In this case, catering for entrepreneurs is a similar concept applied within an organization that tries to foster innovations.
The answer is B. accurately reflect the change in production.