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2 years ago

Why was 2007 considered the "Year of the Recall"?

Business

1 answer:

Karolina [17]2 years ago

8 0

Answer:

Most of the recalls were in the toy industry, which alarmed the public

Explanation:

2007 is known as the "year of the recall" because in that year a very high level of recalls were made by manufacturers but most importantly and alarmingly was the toy industry.

Every child, from being a baby to toddlers and preteens usually have one or more toys that they play with. 2007 seemed like the year to not get toys for kids as it became public knowledge that high amounts of lead was used in toy production that year.

Lead for all its usefulness is a poisonous or dangerous substance to the human body talk more of a kid. The revelation of excessive lead content in toys caused a recall of toys by toy companies among other companies.

Also affected were art supplies, jewelries, etc.

Cheers

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Program trading is defined as automated trading generated by computer algorithms designed to react rapidly to changes in market

matrenka [14]

Answer:

Explanation:

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2 years ago

A company determined that the budgeted cost of producing a product is $30 per unit. On June 1, there were 72000 units on hand, t

Lyrx [107]

Answer:

"The budgeted cost of goods sold" for June would be $5,640,000

Explanation:

Sales department budget for June = 220,000 units

Less-Opening balance as on 1st June = 72,000 units

Add-Closing balance as on 30th June = 40,000 units

No of unit manufactured = Sales department budget for June - Opening balance as on 1st June + Closing balance as on 30th June

= 220,000 - 72,000 + 40,000

= 188,000 units

Cost per unit = $30

Budgeted cost of manufactured = 188,000 × $30 = $5,640,000

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2 years ago

In the underground city of Neverwhere, GDP is $15 trillion, consumption is $10 trillion, and government spending is $2.5 trillio

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Answer:

$3 trillion

Explanation:

Given that,

GDP = $15 trillion

consumption = $10 trillion

Government spending = $2.5 trillion

Taxes = $1 trillion

Net capital inflow = $0.5 trillion

Investment:

= GDP - Consumption - Government spending + Net capital inflow

= $15 - $10 - $2.5 + $0.5

= $3 trillion

We know that savings is equal to investment spending.

Therefore, the total savings for the economy of Neverwhere is $3 trillion.

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2 years ago

When cisco systems inc. of san jose, california, and tata consultancy services of mumbai, india, entered into their __________,

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Strategic aliance is collaborative relationship between independent firms. Though this relationship the partnering firms do not invest in one another, which means do not create an equity partnership
Example is when Cisco systems inc. of San Jose, California, and Tata consultancy services of Mumbai, India, entered into their strategic aliance. They both continued to develop market-ready infrastructure and network solutions for customers, but they relied on each other to provide the training and skills that one or the other might have lacked.

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3 years ago

Suppose Russia and Sweden each produce only paper and cars. Russia can produce 8 tons of paper or 4 million cars each year. Swed

azamat

Answer:

Attached grap with point A and B.

Explanation:

Russia will produce the cars as their production has te lower opportunity cost:

(Note: Opportunity cost is the amount of production resigned for the current output)

Sweden pportunity cost for production car:

25 ton of papper / 5 m cars = 5 tons per millon of cars

Russia pportunity cost for production car:

8 ton of papper / 4 m cars = 2 tons per millon of cars

With the trade set at 2 millon car for 6 tons of paper we get the following

Sweden produce 25 tons - 6 traded = 19

and receive 2 millon car

Russia produce 4 millon car - 2 traded = 2

and receive 6 tons of pappers

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3 years ago