BUSINESS HIGH SCHOOL

Recommend ways in which business can contribute time and effort to advance the well being of others in business context in the following aspects. 1to improve the general quality of life 2 refraining from engaging in harm full practice 3 making ethically correct business decisions 4 providing support to employee

Answers

Answer 1
Answer:

1.       Employ a business that caters the needs of people such as owning a gymnasium. That way it improves the quality of life of a person.

2.       Basing on the example above, it does not engage into any harmful practice.

3.       Your decision will depend on increasing the fee of gym users or improving the interior design of your gym

4.       It provides support to the employee because they can interact with the gym users and can use the gym too

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The income statement of Benning Co. for the month of July shows net income of $1,400 based on Service Revenue $5,500, Wages Expense $2,300, Supplies Expense $1,200, and Utilities Expense $600. In reviewing the statement, you discover the following.Insurance expired during July of $400 was omitted.Supplies expense includes $200 of supplies that are still on hand at July 31.Depreciation on equipment of $150 was omitted.Accrued but unpaid wages at July 31 of $300 were not included.Services provided but unrecorded totaled $500.InstructionsComplete the correct income statement for July 2010. (List amounts from largest to smallest eg 10, 5, 3, 2.)Benning Co.Income StatementFor the Month Ended July 31, 2010RevenuesService RevenueAccrued RevenueDepreciation ExpenseSupplies ExpenseEquipmentSuppliesUtilities ExpenseWages ExpenseUnearned RevenueAccumulated DepreciationInsurance ExpenseWages PayablePrepaid Insurance $ExpensesWages PayableInsurance ExpenseSuppliesUtilities ExpenseAccumulated DepreciationWages ExpenseService RevenueUnearned RevenueDepreciation ExpenseAccrued RevenueSupplies ExpenseEquipmentPrepaid Insurance $Prepaid InsuranceAccrued RevenueInsurance ExpenseService RevenueWages PayableEquipmentSuppliesUnearned RevenueAccumulated DepreciationUtilities ExpenseDepreciation ExpenseSupplies ExpenseWages ExpenseUtilities ExpenseEquipmentDepreciation ExpenseWages PayableService RevenueSupplies ExpenseUnearned RevenueAccrued RevenueInsurance ExpenseWages ExpensePrepaid InsuranceSuppliesAccumulated DepreciationAccrued RevenueAccumulated DepreciationUtilities ExpenseEquipmentDepreciation ExpenseUnearned RevenueWages ExpenseWages PayableSupplies ExpensePrepaid InsuranceInsurance ExpenseService RevenueSuppliesWages PayableWages ExpenseSupplies ExpenseService RevenueUtilities ExpenseAccumulated DepreciationPrepaid InsuranceUnearned RevenueSuppliesAccrued RevenueEquipmentDepreciation ExpenseInsurance Expense
Rodney parks his car at Car Stack Parking Lot, Inc. On the back of the parking stub provided to Rodney, there's a statement typed in large letters: "NOT RESPONSIBLE FOR DAMAGE TO CARS." When Rodney returns, his car has been dented by the Car Stack attendant, who was attempting to park more cars on the lot. According to law, the statement on the stub is an exculpatory agreement that'sA. enforceable against Rodney only if he had the opportunity to park elsewhere.B. not enforceable against Rodney because it's contrary to public policy.C. not enforceable against Rodney because he instructed the attendant to be careful around his car.D. enforceable against Rodney regardless of circumstances.
Which statement about American prisons is correct?A. More people are sent to prison for violent crimes than non-violent crimes. B. Drug offenders are the main reason for increased jail population. C. There are no alternatives to the traditional prison system for drug offenders. D. White users are more likely to be imprisoned than African-Americans.

The government has granted a patent to a pharmaceutical company for an experimental AIDS drug. That company is the only firm permitted to sell the drug.

Answers

The question refers to whether that scenario describes a competitive market, and the answer is - no. This scenario that you have presented us with is not an example of a competitive market because there is no free entry. Because firms cannot freely enter this market, this cannot be said to be competitive, because there are no companies to compete if there is only one firm involved.

The essence of the question is about competitive markets. This is wrong because the example above is not a competitive market because the entry of goods is not free. And also not all companies can enter this market freely, therefore this market cannot be said to be a competitive market. Because there are only one distributor and no other competitors.

Further Explanation

The competitive market refers to a market characterized by a high level of competition. There are a large number of potential buyers and sellers, all of whom are individually powerless to influence market prices.

Characteristics of Competitive Markets

  • There are many independent sellers and buyers.
  • Large market liquidity.
  • The balance of demand and supply determines the market price, the price for the seller and the price for the buyer.
  • Goods must be identical, so it does not allow producers to charge a higher price than the market price.
  • There are no external interventions that can affect the performance of market mechanisms.

Types of markets the imperfect competition:

  • Monopoly: A single seller dominates the entire market.
  • Oligopoly: There are several sellers who have more than two and fewer than ten and act in the competition.
  • Monopsony: Many sellers and one buyer.
  • Oligopsoni: Many sellers and some buyers.
  • Monopolistic: Many sellers with different products and have their own characteristics.

Learn More

Competitive Market brainly.com/question/933427

Imperfect Competitive Market brainly.com/question/933427

Details

Grade: High School

Subject: Business

Keywords: market, competitive, imperfect

Imagine Tom's annual salary as an assistant store manager is $30,000, he owns a building that rents for $10,000 yearly, and his financial assets generate $1,000 per year in interest. One day, after deciding to be his own boss, he quits his job, evicts his tenants, and uses his financial assets to establish a bicycle repair shop. To run the business, he outlays $15,000 in cash to cover all the costs involved with running the business, and earns revenues of $50,000. What are Tom's accounting profits?a. $35,000.
b. $50,000.
c. $24,000.
d. $6,000

Answers

Answer:

Tom's accounting profits = $35,000

so correct option is a. $35,000

Explanation:

given data

annual salary = $30,000

building rents = $10,000

financial assets = $1,000

outlays in cash =  $15,000

earns revenues = $50,000

to find out

Tom's accounting profits

solution

we here get Tom's accounting profits that is express as

Tom's accounting profits  = earns revenues - outlays in cash   ....................1

put here value we get

Tom's accounting profits = $50,000 - $15,000

Tom's accounting profits = $35,000

so correct option is a. $35,000

All of the following make up the big three credit reporting agencies EXCEPT: A: Equifax
B: TransUnion
C: Experian
D: Federal Reserve

Answers

The Federal Reserve is not a credit reporting agency. It is the main banking system in America, created in the 1910s. Credit reporting agencies work with banks such as the Federal Reserve to help the bank - or another type of business - decide whether a person they lend money to will be able to pay it back.

The Federal Reserve is not a credit reporting agency. This also implies the correct answer is D.

The Federal Reserve is the America central bank while a credit reporting agency refers to a business that keeps individuals or businesses credit information. The top credit reporting agencies include Equifax, Transunion, and Experian

Further Explanation

Federal Reserve is considered the most powerful sector in the US; it is a major player in controls of the world money.

The Federal Reserve is comprised of two components, which include

  1. The board of governors
  2. The federal open market committee

The functions performed by the board of governors include

  • It sets reserve requirement for banks
  • It has a total of 7 members
  • It controls monetary policy
  • It sets the discount rate

The federal open market committee performs the following functions:

  • It controls the operation of the open market
  • It set the target for fed fund rate

In General, the Federal Reserve System has some core functions and these include:

  • It controls the affairs of the banking
  • It manages inflation

However, some of the functions of credit reporting agencies include:

  • Maintaining credit information
  • They give credit report
  • They also calculate credit scores.

The three largest credit reporting agencies include

  1. Equifax
  2. Transunion
  3. Experian

LEARN MORE:

KEYWORDS:

  • credit scores
  • agencies
  • federal reserves
  • banks
  • united states

If a deaf person goes to court, do they call it a hearing?

Answers

Probably. They call a hearing a hearing because the judge hears both sides of the story, not the victim/convict.

Before your first day of work, it is a good idea to _____.a. Ask your boss for a vacation
b. Maintain a rotten mood
c. Drive to work to see how long it takes
d. Complain about your starting salary

Answers

Before your first day of work, it is a good idea to : C. Drive to work to see how long it takes

One of the most important thing to do in your first day of work is to display a good first impression, and coming late to your work at the first day will destroy your boss' first impression about you, in order to avoid that, you should check out the amount of time needed to get to work

Answer:

the answer is c.

Explanation:

i hope this helps :).

According to the circular flow model of the economy, a person's job in a shoe factory is within the _______ market. A. product
B. consumer
C. resource
D. service

Answers

According to the circular flow model of the economy, a person's job in a shoe factory is within a [Resource] market. Resource market is a market in which the business can buy a resources which is a person that works for them to be able to produce goods and services
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