Answer: Micro; Macro; Macro; Micro.
Explanation:
Economics is divided into two main segments which are microeconomics and macroeconomics. It should be noted that microeconomics deals with study of individuals and the firms while macroeconomics studies the while economy and looks at decisions that are made by governments and countries.
a. The effect of higher cigarette taxes on the quantity of cigarettes sold.
This is a microeconomic issue as one entity is being discussed which is cigarette and the issue is related to just one particular industry.
b. The effect of higher income taxes on the total amount of consumer spending.
This is a macroeconomic issue as taxes affects the whole economy. The whole nation is affected by this decision.
c. The reasons for the economies of East Asian countries growing faster than the economies of sub-Saharan African countries.
This is a macroeconomic issue as it relates to different countries.
d. The reasons for low rates of profit in the airline industry.
This is a microeconomic issue as the issue affects just the airline industry.
Answer:
Since a perfectly competitive firm must accept the price for its output as determined by the product’s market demand and supply, it cannot choose the price it charges. Rather, the perfectly competitive firm can choose to sell any quantity of output at exactly the same price. This implies that the firm faces a perfectly elastic demand curve for its product: buyers are willing to buy any number of units of output from the firm at the market price. When the perfectly competitive firm chooses what quantity to produce, then this quantity—along with the prices prevailing in the market for output and inputs—will determine the firm’s total revenue, total costs, and ultimately, level of profits.
Answer:
The correct answer is letter "A": One thing I am afraid to say in this group is...
Explanation:
Managers portraying weak images typically end losing control over their subordinates affecting a company's efficiency and effectiveness. Leaders must always be willing to impose their ideas when convenient for the whole group. They must provide firm, strong orders under those situations for the common benefit of their team. Mentioning employees:
"<em>One thing I am afraid to say in this group is...</em>";
shows the manager is not even sure of what he thinks. It is important to take into consideration the subordinates' points of view but before that, the leader must be sure of what he or she is doing.
Answer:
A. raw material inventory
Explanation:
Inventory materials are basically of 3 types namely; Raw materials, semi-finished goods and finished goods.
Raw materials are inventory materials yet to be processed. It is usually referred to as material cost.
Inventory items that have been processed but yet to be finished are called semi finished goods. Such items are also called work-in-process inventory.
Finished goods are inventory items ready to be sold.
Based on the above statements, the right option is A. raw material inventory.
<u>Answer:</u> Inventory larceny scheme
<u>Explanation:</u>
Inventory of the firm is an asset which the employees mishandle by selling it to the third parties without the knowledge of the owner. Inventory larceny scheme means the employees takes the stock from the business and does not record the theft in the accounts of the business.
Ben Rogers and Dawn have involved themselves in Inventory larceny scheme where they take goods such as watches, fishing reels and sporting goods out of the inventory by selling it to third parties and make income for personal benefit.
