Answer:
a. True
Explanation:
A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. Thus, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes. Any individual that deals with the sales of unique products in a monopolistic market is generally referred to as a monopolist.
Hence, a public utility company is an example of a monopoly because they serve as the only power utility provider to the general public.
Additionally, a public power company refers to a company that provides power (electricity) utility to the general public of a society.
Hence, one of the ways in which some monopolistic competitors try to become more like monopolists is through the use of designer labels.
This ultimately implies that, when there are barriers to entry it may result in monopolistic competition among the sellers of goods having no close substitutes. These barriers consist of economies of scale, network externalities, copyright law, trademark, patent, governmental policies etc.
Answer:
Selling administrative expense budget for the coming year is $3,346,900
Explanation:
In the coming year, Fazel expects total sales of $19,730,000. There is a 3% commission on sales.
Commission on sales expense = $19,730,000 x 3% = $591,900
Selling administrative expense budget for the coming year = Commission on sales expense + Salaries expense + Utilities expense + Office space expense + Advertising expense = $591,900 + $960,000 + $365,000 + $230,000 + $1,200,000 = $3,346,900
Answer:
D) According to the Age Discrimination in Employment Act, Edie can be required to retire at a certain age, because she is in an occupation where evidence exists that ability to perform the job diminishes significantly with age.
Explanation:
Since in the question it is mentioned that edie wants to fight the rulling that depend upon the age discrimination so here we considered the option d as in that it is given that edie needs to retire at the specific age as she belongs from occupation in which the evidence is existed that shows the capability to perform the job which reduced within the age
Answer:
Net equity is $727,500.
Explanation:
Statement of Owner's Equity:
Share Capital $781,000
Withdrawals $19,000
Net Loss $34,500
Net equity $727,500
Answer:
Several factors are driving Kristina’s and Andrew’s business decisions. Here are a few:
tax rates
availability of labor
distance to a major airport
access to highways
transportation infrastructure
Explanation: