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Alex_Xolod [135]
2 years ago
8

Consider again the price control described in the last question. Let's assume that the price control

Business
1 answer:
77julia77 [94]2 years ago
3 0

If it is a binding price floor, when the law is repealed, quantity demanded increases and quantity supplied decreases.

If it is a binding price ceiling, when the law is repealed, quantity demanded decreases and quantity supplied increases.

<h3>What is a price floor and a price ceiling?</h3>

A price floor is when the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.

Price ceiling is when the government sets the maximum price for a product. It is binding when it is set below equilibrium price.

To learn more about price floor, please check: brainly.com/question/26551616

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Opera Corp. uses dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows:
Mandarinka [93]

Answer:

(A) $390,000

Explanation:

Under LIFO method as the name suggests "Last In First Out"

the goods purchased in Last that is latest are sold first, that is goods purchased in 2015 will be sold first, therefore in the given case at the end of 2014 using LIFO we have,

Balance = $390,000

Because balance of goods purchased in 2014 i.e. $756,000 is sold first in 2014 remaining inventory at year end will be of 2013

Correct option is

(A) $390,000

4 0
3 years ago
a human resource professional comes up with a new way to recruit candidates for international positions that will result in more
LiRa [457]

The key to creating novel ideas is originality. A human resources professional devises a novel method of candidate recruitment.

<h3>What does it mean to recruit candidates?</h3>

The practice of constantly pursuing out, locating, and employing individuals for a certain post or career is known as recruitment. The whole hiring process, from the first stages to the recruit's absorption into the business, is covered by the term of recruitment.

<h3>Why is finding candidates crucial?</h3>

Businesses must hire employees. Finding qualified people for open positions, adapting to change, lowering attrition, and boosting morale are all made easier for organizations. Businesses can guarantee they have the staff they require for success by investing in recruitment.

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3 0
1 year ago
The applications of analytics are not just limited to business but extend to a wide-array of human activity.
Mars2501 [29]

The applications of analytics are not just limited to business but extend to a wide-array of human activity. This is true.

<h3>How to illustrate the information?</h3>

Discovering, understanding, and communicating meaningful patterns in data is the process of analytics. Simply put, analytics enables us to recognize insights and valuable data that we might not otherwise notice.

Analytics combines data and arithmetic to make predictions about the future, identify relationships, and automate decision-making.

Therefore, based on the information, th

he applications of analytics are not just limited to business but extend to a wide-array of human activity. This is true.

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4 0
1 year ago
Delores Bierlein paid a $200 deposit toward the rental of the Silver Room at Alex's Continental Inn for her wedding reception. L
sweet-ann [11.9K]

Answer:

It does not

Explanation:

In this question, we are asked to evaluate if a particular transaction carried out between a customer and an inn falls within the dictates of the local consumer protection law in the state.

Firstly, we look at what the local consumer protection law of the state talks about. It explicitly stated that customers should get receipts when suppliers receive deposits from them. Thus, this make the receipt act as the first thing to have if there would be any claim under the consumer protection law for the transaction carried out in the state.

Now, looking at the particular scenario we have, the customer paid for the room, but he was not issued a receipt. This makes the case not treatable within the consumer protection law of the state as the receipt which should have been a prerequisite for further exploration is not available

3 0
2 years ago
Read 2 more answers
What does it mean to do time analysis which is one of the principles referred to ?
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Data Analysis - Process. Data Analysis is a process of collecting, transforming, cleaning, and modeling data with the goal of discovering the required information. The results so obtained are communicated, suggesting conclusions, and supporting decision-making.
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