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3 years ago

Fixed costs are _____.

Business

2 answers:

cupoosta [38]3 years ago

6 0

Answer:

d. none of the above

Explanation:

Fixed costs are a firm's expenses that remain constant in a financial period. These are the costs that are not affected by the level or quantity of output. Fixed costs are the costs of staying in business because they have to be paid regardless of output level. Examples of fixed costs include rent, administrative salaries, insurance, depreciation, and license fees.

Costs that vary depending on company performance are variable costs. Opportunity costs are the costs resulting from a business owner's choice when selecting one thing over another and how it will impact the business

tresset_1 [31]3 years ago

6 0

Answer:

The answer is A. the costs related to the product that have to be paid regardless of the amount you sell

Explanation:

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A major premise of a socialist system is: to reduce the inequality in the distribution of wealth. to make sure that those that c

vitfil [10]

Answer:

to reduce the inequality in the distribution of wealth.

Explanation:

Socialism is an economic system where the means of production is held by the public. Production and distribution decisions are made by the public. This reduces the inequality in the distribution of wealth.

This contrasts with the capitalist economic system where means of production are privately held. Production and distribution decisions are made by the market forces, which leads to inefficiency. There's also class division in a capitalist system as there's inequality in the distribution of wealth.

The capitalist economic system create incentives to encourage entrepreneurs to create jobs and economic growth.

I hope my answer helps you.

6 0

4 years ago

The idea of insurance a. is to share risk. b. would not appeal to a risk-averse person. c. is, other things the same, to reduce

Alex

Answer:

is to share risk.

Explanation:

Insurance is a means by which individuals and businesses avoid the risk of a loss. It is a risk management strategy that is used to hedge against the risk of uncertain loss.

So risk is shared with other parties usually the insurance company in the event of a loss.

The insurance company collects a payment called premium to maintain this agreement. The premium acts as a financial cushion for the insurance firm, and also provides means of settling loss claims.

For example a company can buy insurance against fore loss and pay premiums. In the event of a fire the insurance company is liable to reimburse the company for losses incurred.

3 0

3 years ago

While the percentages may not hold in a particular industry, the ______ rule suggests that a small fraction of customers provide

Talja [164]

Answer:

The correct answer is 80/20.

Explanation:

The Pareto Principle was described by economist and sociologist Vilfredo Pareto, which specifies an unequal relationship between inputs and outputs. The principle states that 20% of what goes into or is invested is responsible for 80% of the results obtained. In other words, 80% of the consequences derive from 20% of the causes; This is also known as the "Pareto rule" or the "80/20 rule."

The principle does not stipulate that all situations are going to show exactly this relationship, it refers to a typical distribution. In general, the principle can be interpreted as a minority of causes deriving from most of the results.

5 0

3 years ago

Characteristics of competitive markets

Greeley [361]

Answer:

Explanation:

First scenario: The answer is No, not many sellers. The drug of the pharmaceutical company has patent right and it is the only firm selling this product. This makes the company a monopolist (single seller)

Second scenario: No, not an identical product. Cable company and phone company produce different products. Cable companies majorly deal with television access.

Third Scenario: no, not many sellers. One firm is dominating the market and customers prefers this. Its product has been differentiated and it can charge its own price.

Fourth scenario: yes,meets all assumptions. The socks are identical and consumers do not care about the seller because the same utility will be derived from the socks.

7 0

3 years ago

To display desserts in restaurants, Mario Sclafani ordered refrigeration units from Felix Storch, Inc. Felix faxed a credit appl

Illusion [34]

Sclafani is a disclosed principal

Principals are liable for contracts made by an agent when that contract was authorized by the principal. 

Explanation:

1) Who was the principal?

Sclafani is a disclosed principal

Principals are liable for contracts made by an agent when that contract was authorized by the principal. 

 

2) Who is the agent?

The office worker

3) Who is the third party?

When a third party, in this case Felix, enters into a contract with a disclosed principal, in this case Sclafani, who is liable on the contract the principal alone

In this case Felix alleged that Sclafani authorized the officer worker to sign and fax the credit application back to Felix. Felix likely alleged that in the event Sclafani did not give actual authority to the officer worker, the officer worker had apparent authority to contract with Felix.

Apparent authority is established when the principal leads a reasonably prudent person to justifiably believe that an agent has authority to act.

6 0

3 years ago