Cartels are corporations that control almost all of the production and sale of a single product.true false

Answers

Answer 1

Answer: FALSE. Cartels are NOT CORPORATIONS that control almost all of the production and sale of a single product.

A cartel is an agreement between competing firms to control prices of goods. They may also come into agreement to hinder the entry of a new competitor.

A cartel rises in an oligopoly. This means that few sellers are in the market and these sellers control the price and production of various goods.

Related Questions

Rita and Jose Hernandez want to assess their financial progress over the next few years. They have decided to take a reading of their status every New Year's Day. Which financial statement would they prepare each year?A. WillB. Cash-flow statementC. Balance sheetD. Federal income tax return
__________ environment includes suppliers, customers, competitors, employees. Options General Environment Task Environment Specific Environment External environment
John invested $12,000 in two accounts, one that earns 7% interest and another that earns 4%. If the total interest earned after one year was $507.90, how much was invested in each account?
Good Life Inc. is a luxury condominium-building company that is based in the country of El Verdad. It sells highly priced homes to consumers in El Verdad as well as to consumers in other countries. It has extremely high brand loyalty. The industry it operates in is characterized by low pressure for local responsiveness and low pressure for cost reductions. In this scenario, GoodLife Inc. most likely pursues a(n) _________ strategy.a. localizationb. multidomesticc. transnationald. international
You just graduated college and is now searching for a job. As an applicant, how can you show willingness to work and be open to changes in your future work environment? A) Resisting change for stability B) Embracing change for growth C) Seeking constant approval from superiors D) Sticking strictly to established procedures.

Which of the following occupations requires knowledge of HTML or JavaScript to produce a website?A. Webmaster
B. Web architect
C. Web designer
D. Network architect

Answers

I think the correct answer from the choices listed above is option C. It is a web designer that requires knowledge of HTML or JavaScript to produce a website. Hope this answers the question. Have a nice day. Feel free to ask more questions.

Answer:

The answer would have to be C. Web Designer because they use Java and or HTML to create the website.

Complete the sentence. As _____ increases, specialization increases as well.A.division of laborB.physical capitalC.opportunity costD.voluntary exchange

Answers

From the given question the correct answer is option A

Division of labor

As a division of labor increases specialization increases as well.

This supports help to grow as a specialization of labor, for example, allows workers to perfect one task rather than focus on many.

When As workers become more adept at a specialized task, also they become more efficient, and also production increases.

Find out more information about division of labor here:

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Answer:

B. Division of labor

Explanation:

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The process of bringing the book and the bank balance into agreement is called

Answers

Bank reconciliation statement

Final answer:

The process of bringing the book and the bank balance into agreement is called reconciliation.

Bank Reconciliation is the process of matching the balances in a company's accounting records for a cash account to the corresponding information on a bank statement.

Explanation:

The process of bringing the book and the bank balance into agreement is called Bank Reconciliation. This process is used to match the cash balances on the bank's records to the company's records. It involves comparing your bank statement, which comes from the bank, with your own records of your checking account. Discrepancies can occur due to checks, deposits, and other transactions that have been recorded by the company but are not yet reflected on the bank statement and vice versa. This is a crucial procedure to ensure that a company's cash records are accurate.

Learn more about Bank Reconciliation here:

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When you are dissatisfied with a product or service, filing a lawsuit is the fastest, most direct way to get action. Please select the best answer from the choices provided T F

Answers

Considering filing a law suit costs much time and money, i believe teh answer here is false.

Answer:

The correct answer here is FALSE (on Edg).

Pierce Bailey, a sales executive at a mobile service company, needs to document details of the sales calls he makes on a daily basis. What kind of knowledge is he documenting when he is inputting in customer contact information, responses of customers, and follow-up that needs to be done?

Answers

Answer: Explicit knowledge.

Explanation: Pierce Bailey takes record of clear and fully detailed information for his company, for the company to have an explicit knowledge of all calls he makes.

An explicit knowledge of an information means that the information is clear with nothing hidden.

The following changes occurred in accounts over the year: Accounts Payable increased by $6,000, Bonds Payable decreased by $12,000, Common Stock increased by $10,000, Paid-In Capital increased by $10,000, and Retained Earnings increased by $20,000. No dividends were paid during the year. What is the net cash flow from financing activities?a. $(8,000)b. $22,000c. $20,000d. $8,000

Answers

Answer:

d. $8,000

Explanation:

‘Cash Flow Statement’ is one of major financial statement that indicates the inflow and outflow of cash along with the reasons by categorizing each cash transaction in three activities i.e., operating, investing or financing activity. Non-cash transactions are not considered while preparing a cash flow statement.

Operating Activities records the cash transactions involved in the operations of the business are recorded under ‘operating activities’ in the cash flow statement. Examples: Revenue earned, expenses incurred etc.
Investing Activities records the cash transactions that show the changes in long-term investments are recorded under ‘investing activities’ in cash flow statement. Example: Purchase of plant, sale of equipment etc.
Financing Activities records the cash transactions that show the changes in the finances or long-term debt of the company are recorded under the ‘financing activities’ in the cash flow statement. Example: Debt paid off, new shares issued etc.

Net cash flow from financing activities section is shown below:

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If your company has a large production-related task, such as assembling an airplane, what strategy could help you increase productivity?