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netineya [11]
3 years ago
13

In a perfectly competitive market: Group of answer choices every seller tries to distinguish itself by offering a better product

than its rivals every seller tries to undercut the prices charged by its rivals every sellet takes the price of its product as set by market conditions one seller has successfully outcompeted its rivals so no other sellers remain
Business
1 answer:
Aleks04 [339]3 years ago
8 0

Answer:

Every seller takes the price of its product as set by market conditions.

Explanation:

The correct answer is "every seller takes the price of its product as set by market conditions".

In a perfectly competitive market, the price is determined by the market condition such as demand and supply. Thus, the price will be set at the level where the demand and supply curve intersects. So at this point, the price determined is called the equilibrium price.

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delegation is the transfer of responsibility for the performance of an activity to another person quizlet
Lostsunrise [7]

Delegation is the transfer of responsibility for the performance of an activity from one individual to another while retaining accountability.

Maryland Nurse Practice Act: "The nurse may delegate the responsibility to perform a nursing task to an unlicensed individual or a certified nursing assistant.

Definition of delegation. The process of delegating the responsibility and authority to perform a task to another person who takes on that authority and responsibility. The delegator continues to be responsible for the task.

Delegation refers to transferring responsibility for a particular task from one person to another. From an administrative point of view, delegation occurs when a manager assigns a specific task to an employee.

Authority is the ability to perform a job in a particular role. Responsibility pertains to reliability, reliability, and commitment to work performance.

Learn more about accountability here: brainly.com/question/980342

#SPJ4

5 0
2 years ago
Rankine Company estimates its bad debts expense by aging its accounts receivable and applying percentages to various age groups
Andrews [41]

Answer:

Date  Account titles and Explanation    Debit      Credit

         Bad Debt Expense                         $8,400

                  Allowance for doubtful account            $8,400

                  ($9,600 credit required - $1,200 already existing)

         (To record bad debt expenses)

Particulars                                               Amount

Account receivables                               $307,200

Less: Allowance for doubtful account   <u>$9,600</u>

Net amount of accounts receivable     <u>$297,600</u>

4 0
3 years ago
Compute the price of a 6.3 percent coupon bond with 15 years left to maturity and a market interest rate of 7.0 percent. (Assume
IgorC [24]

Answer:

Price of the Bond = $935.63

Explanation:

N = 15 x 2 = 30

I/Y = 7.0%/2 = 3.5%

PMT = 6.3% x 1000 / 2 =  31.5

FV = 1000

Using the Ms Excel Function

Price of the Bond = PV(N, I/Y), PMT, FV)

Price of the Bond = PV(30, 3.5%,  31.5, 1000)

Price of the Bond = $935.6278411

Price of the Bond = $935.63

5 0
3 years ago
Describe the importance of administrative office management
slava [35]

Answer:

Office management helps to maintain a close relationship between different department of people. It regularly supplies order,command and instruction to different people.It oerformsvarious function like planning , organising,controling, staffing,supervising, motivating,and effective leadership.

Explanation:

i hope this will help you

5 0
3 years ago
One of the most talented managers to ever work at ABC Inc. is Amy Holmes. Combining graciousness intelligence and creativity. Am
pentagon [3]

Answer:

The correct answer is letter "A": Procedures and practices.

Explanation:

Upward communication is a sharing-information method widely spread in nowadays organizations. It consists of obtaining feedback from employees from the lowest hierarchy to the top executive. This information flows in each level through a responsible for that matter so that the representative takes the pieces of information to the next level of the hierarchy. <em>Suggestions for improvement, performance reports, financial and accounting information</em> are shared under this format.  

<em>Procedures and practices</em> are given into a firm from executives to employees which aims in the opposite direction than the upward communication technique.

8 0
3 years ago
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