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vagabundo [1.1K]
3 years ago
9

A CARTEL IS DEFINED AS A FORMAL ORGANIZATION OF PRODUCERS THAT AGREE TO COORDINATE PRICES & PRODUCTION.

Business
1 answer:
Elden [556K]3 years ago
3 0

Answer:

cartel - an agreement by a formal organization of producers to coordinate prices and production

Explanation:

Who are the OPEC plus countries?

Currently, the Organization comprises 15 Member Countries – namely Algeria, Angola, Congo, Ecuador, Equatorial Guinea, Gabon, IR Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates and Venezuela.

Member: Iran, Iraq, Ecuador

Place founded: Baghdad

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Before she began interviewing candidates for a sales position, Sonja prepared a written set of questions based on the job descri
Andrei [34K]

Answer: Structured interview

Explanation:

 The structured interview is one of the type of method that is used in the quantitative research process that ensure that the order of questions in the interview in similar manner.

It is one of the effective method that is typically introduced to overcome all the disadvantages of the traditional interview method. The main benefit of the structured interview is that it is one of the fastest way for comparing the performance of the candidate.

According to the given question, Sonja prepared the questions for the interview based on the given description of the job and this planning process is known as the structured interview.

 Therefore, Structured interview is the correct answer.

3 0
4 years ago
Last winter, your service fraternity volunteered at an elementary school in a lower income neighborhood in your city. You notice
sesenic [268]

Answer:

A) Persistent.

C) Hard-working.

D) Creative.

Explanation:

In the given situation, it is mentioned that an individual wants to start a business that deals in hats and mittens so the needs of the children could be fulfilled. But for that,  we need to find out a cofounder that should be have following traits and characteristics

a. Persistent: The person should be trying his best o achieve it rather than escape from it

b. he should be hardworking so that every child's need could be fulfillled

c. He should be creative or we can say who bring innovative ideas to the firm so that the people get attracted to the company products so that the sale of the firm could rise up

6 0
4 years ago
• A student planning a career in business management wondered why it was important to learn cost and management accounting. How
ch4aika [34]

Explanation:

Let us understand what a cost accounting and management accounting deals with and how both are related to business management.

Cost accounting:

  • It deals with expenses and cost assessment in terms for producing or buying products.
  • Gives an idea of how to measure profit.
  • To determine the selling price and this would be challenging and profitable to the business and to the market.

Management accounting:

This helps the business people to make decisions, assess performance, and it is one step ahead of cost accounting.

Any business management people has to deal with money, take decision, assess the market, measure profit. So it is important to get a knowledge on Cost and management accounting.

6 0
4 years ago
Bernson Corporation is using a predetermined overhead rate that was based on estimated total fixed manufacturing overhead of $49
chubhunter [2.5K]

Answer:

$ 464,120

Explanation:

Data provided :

Estimated total fixed manufacturing overhead = $ 492,000

Estimated machine hours = 30,000 hours

Actual total fixed manufacturing overhead = $ 517,000

Actual total machine-hours during the period = 28,300 hours

Estimated overhead Rate is given as:

= ( Estimated Fixed Manufacturing Overhead) / (Estimated Machine Hours )

or

Estimated overhead Rate = $ 492,000 / 30,000 hours = $ 16.4 / hr

Now,

the total amount of overhead = overhead Rate × Actual total machine-hours

or

the total amount of overhead = $ 16.4 / hr ×  28,300 hours = $ 464,120

6 0
3 years ago
Steven consumes only two goods, both of which are normal goods. He is currently maximizing his utility in consumption of both go
zzz [600]

Answer:

The answer is: remain the same

Explanation:

The marginal utility of a good or service is how much better we feel when consuming an extra unit of that good or service. For example if we are very thirsty, the marginal utility of consuming a can of Coke is very large, but once our thirst is quenched, an extra can of Coke will not provide use with that much satisfaction as before.

If the price of a substitute good increases, the marginal utility of the good whose price didn't change, will remain the same.

Let's go back to the Coke example. An extra can of Coke will give me 5 more satisfaction units (I'm assuming I can measure satisfaction) and an extra slice of pizza will give me 7 more units of satisfaction. If the price of Coke increases from 50 cents to $1, its marginal utility will decrease. I will buy more pizza because the satisfaction I get from drinking Coke is now smaller.

4 0
3 years ago
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