BUSINESS HIGH SCHOOL

When both parties are expecting to gain from a transaction, they are conducting a __________ trade.

Answers

Answer 1
Answer: When both parties are expecting to gain from a transaction, they are conducting a Voluntary trade. In a Voluntary trade, both the sell and buyers involved in the transaction based on their own free will and expecting to gain a profit from the trade
Answer 2
Answer:

Answer: voluntary trade

Explanation:

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Why would someone compare past and present performance of the same company or compare business performance against the performance of other businesses in the same industry? A) To determine market demand B) To calculate taxes C) To identify areas for improvement D) To set employee salaries
__________ environment includes suppliers, customers, competitors, employees. Options General Environment Task Environment Specific Environment External environment
Which organization collects consumer complaints, stops unfair practices, and sues companies?
Based on new information gained during an audit of a nonissuer, an auditor determines that it is necessary to modify materiality for the financial statements as a whole. In this circumstance, which of the following statements is accurate? A. The auditor is required to reperform audit procedures already completed on the audit using the revised materiality. B. The auditor should consider disclaiming an opinion due to a scope limitation. C. The revision of materiality at the financial statement level will not affect the planned nature and timing of audit procedures, only the extent of those procedures. D. Materiality levels for particular classes of transactions, account balances, or disclosures might also need to be revised.
You go to the bank to trade a dirty dollar for a new, clean one. The cashier tells you the trade is not necessary because currency isdivisiblescarceportablestable in value

In 1-2 sentences, explain why the private businesses will not provide public goods.

Answers

ublic goods are goods which are non-excludable (no one can be denied from using it) and non-rival (use by one wouldn't affect the consumption by another). 

Because of this, people want to use the good but not pay for it as they know, once the good is provided, they can't be excluded from using it. This is called Free riding. 

Private companies will not be able to tackle the problem of free riding as they won't know what rate to charge and how to make everyone pay. 

Govt. can, however do this easily.

Brown Foods Inc., a leading chocolate producer, anticipated that the prices of cocoa beans would double in less than three years. This would disrupt the availability of cocoa in the industry. Thus, Brown Foods Inc. decided to purchase cocoa plantations in Ghana. As predicted, the prices of cocoa increased twofold. Because of the company-owned cocoa plantations, Brown Foods Inc. was able to sustain its competitive advantage in turbulent times. Which of the following isolating mechanisms does this scenario best illustrate?a) Social complexityb) Causal ambiguityc) Time compression diseconomiesd) Better expectations of future resource value

Answers

Answer:

d) Better expectations of future resource value.

Explanation:

Better expectations of future resource value involves competitive advantage that is attributed to intangible resource and future planning. It is a future expectation a business has about market dynamics that will bring future profits.

Brown Foods Inc anticipated that the prices of cocoa beans would double in less than three years, and they planned towards that expectation by buying cocoa plantations in Ghana. This eventually paid off and enabled the company survive in turbulent times.

Ecosystem services are services provided by _______.a. the government in order to maintain ecosystem health
b. communities in an effort to beautify local neighborhoods
c. organizations committed to the environment
d. nature that benefit mankind

Answers

I believe the answer is D. Ecosystem services are services provided by nature that benefit mankind. This is grouped in to four major categories which are provisioning, regulating, supporting and cultural. The services here are the services offered by the environment to us.

On January 2, 2018, Schneider Company issues $100,000 of 6% bonds. Interest of $3,000 is payable semi-annually on June 30 and December 31. The bonds mature in 5 years. The bonds issued for $95,842 with an effective interest rate of 7%. Effective interest recognized on June 30, 2018, using the effective interest method, will be equal to (round to the nearest full dollar)

Answers

Answer:

$3,354.

Explanation:

$95,842 * 0.035 = $3,354.

In their chief role of _________, operations managers exert considerable influence over the degree to which the goals and objectives of the organization are realized.

Answers

In their chief role of decision maker or planner, operations managers exert considerable influence over the degree to which the goals and objectives of the organization are realized.

Explanation:

Planned decision making is one of the most vital managerial process. The steps involved in framing preparation of decision establishing are as follows,

  • Exploring the decision situation
  • Determining the value of the decision
  • Identifying and confirming stakeholders
  • Considering connected decisions

The steps included in defining success of the decision making are,

  • Identifying guiding requirements
  • Considering criteria categories
  • Screening the criteria
  • Prioritizing the criteria

The following are the final steps of decision making process,

  • Planning data gathering
  • Mapping the issues or concerns that are to relevant decisions
  • Managing the framing

Planned decision making is the crucial process in every business entity. This helps in the forward movement of the business.

Final answer:

Operations managers play a critical role in planning and controlling operations, thereby substantially influencing the organization's ability to meet its objectives. Their decisions on production targets, resource allocation, and quality control have a direct impact on the company's success.

Explanation:

In their chief role of planning and controlling operations, operations managers exert substantial influence over the degree to which the goals and objectives of the organization are realized. As operating managers, they are directly responsible for managing and coordinating all production or service provision activities. They set objectives, ensure quality standards, monitor productivity, and track the efficiency of operations. Their decisions significantly impact the organization's ability to achieve its goals.

For instance, an operations manager in a manufacturing company sets production targets, plans resources, manages inventory, ensures adherence to quality norms, and handles any issues that may arise in the production process. These decisions directly influence the company's ability to meet its production objectives and, in turn, its profitability.

Learn more about Operations management here:

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What two pieces of information are arguably the most important to any business?

Answers

The two pieces of information that are arguably the most important to any business are the following: Demand -- It is important to know what is currently on high-demand in the place your business is located for you to know what products or services should be made available. Culture - Can your business grow with the existing cultures of the place you are selling? Consider the place and culture for you to identify what products should be sold.
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