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Serina Curry
Answers (6)
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Goodwill
A) is only recorded when generated internally.
B) can be subdivided and sold in parts.
C) can only be identified with the business as a whole.
D) can be defined as normal earnings less accumulated amortization.
A) is only recorded when generated internally.
B) can be subdivided and sold in parts.
C) can only be identified with the business as a whole.
D) can be defined as normal earnings less accumulated amortization.
On Jul 14, 2024
C
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A firm hiring labor in a perfectly competitive labor market faces a
A) downsloping labor supply curve and upsloping labor demand curve.
B) upsloping labor supply curve and downsloping labor demand curve.
C) upsloping labor supply curve and horizontal labor demand curve.
D) horizontal competitive wage curve and downsloping labor demand curve.
A) downsloping labor supply curve and upsloping labor demand curve.
B) upsloping labor supply curve and downsloping labor demand curve.
C) upsloping labor supply curve and horizontal labor demand curve.
D) horizontal competitive wage curve and downsloping labor demand curve.
On Jul 11, 2024
D
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Which of the following statements about a competitive firm is correct?
A) To maximize profits, a competitive firm should produce the output level at which total revenue is greatest.
B) In long-run equilibrium, a competitive firm will produce at the point of minimum average total costs.
C) A competitive firm will produce in the short run so long as total receipts are sufficient to cover total fixed costs.
D) A competitive firm will close down in the short run whenever price is less than the minimum attainable average total cost.
A) To maximize profits, a competitive firm should produce the output level at which total revenue is greatest.
B) In long-run equilibrium, a competitive firm will produce at the point of minimum average total costs.
C) A competitive firm will produce in the short run so long as total receipts are sufficient to cover total fixed costs.
D) A competitive firm will close down in the short run whenever price is less than the minimum attainable average total cost.
On Jun 14, 2024
B
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Describe how the value chain can help a business analyse its cost structures. What is meant by upstream costs and downstream costs? Give examples.
On Jun 10, 2024
By analysing the business's value chain, the firm can focus on non-manufacturing as well as manufacturing costs; that is, all the costs that occur across the business. This will enable the business to identify where costs are being incurred and thus enable the elimination of unnecessary costs. The non-manufacturing costs could include selling and distribution costs, administrative costs, as well as other upstream and downstream costs.
Upstream costs are those costs that occur prior to production commencing and could include research and development costs such as the cost of running laboratories, building prototypes of new products and testing new products. Product design costs are also upstream costs and could include the costs of designing the processes that will be used to produce the new product.
Downstream costs are those costs that occur after production and include selling and distribution, administrative and customer service costs.
Upstream costs are those costs that occur prior to production commencing and could include research and development costs such as the cost of running laboratories, building prototypes of new products and testing new products. Product design costs are also upstream costs and could include the costs of designing the processes that will be used to produce the new product.
Downstream costs are those costs that occur after production and include selling and distribution, administrative and customer service costs.
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What is emphasized MORE in ethical leadership theories than in transformational leadership?
A) leader behaviors
B) leader values
C) leader skills
D) leader traits
A) leader behaviors
B) leader values
C) leader skills
D) leader traits
On May 14, 2024
B
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Research shows that teams tend to make less risky decisions than individuals.
On May 11, 2024
False