Which of the following is a product that is considered a commodity?new automobiles
low grade gasoline
wrapping paper
apple candy

Answers

Answer 1

Answer: Out of the following choices, low grade gasoline is a product that is considered a commodity. The lower grades of gasoline are more affordable for people to buy.

Answer 2

Answer:

I am 100% sure that it is low grade gasoline... I used Google to help find the answer.

Related Questions

Which sentences in this paragraph describe two government policies that liberalize the economy? The government of a country observes that the economy has grown slowly over the past five years. The gradual increase in earnings each year is due to exporting natural resources. But the citizens seem to be unmotivated to start new businesses. (A) "So, the government decides to reduce the tariffs on imported raw materials." (B) "It also introduces special economic zones where certain goods can be traded tax-free." (C) "In addition, it introduces a policy to provide free education to all children up to grade 10." This step is aimed at producing more skilled labor. (D) "The government also decides to give free healthcare to all citizens over the age of 60."
Brian just started using a budget. He proudly tells friends that his budget helps him know where his money is being spent. It allows him to spend some money on entertainment with the peace of mind that he will be able to pay the rent, and even gives him more money each month. Evaluate Brian's understanding of budgeting.Select the best answer from the choices provided. Brian has no understanding of budgeting. Each of his statements is incorrect. Brian has a limited understanding of budgeting. A budget will give him more money each month, but it will not help him keep track of his spending. Brian has some understanding of budgeting. However, a budget does not create more money each month. It just helps him use his money better. Brian has a good understanding of budgeting. Each of his statements is correct.
Advantages and disadvantage of workers on a strike
The president, chief financial officer, and chief operating officer of Jensen Mfg. meet annually to discuss the direction of the company including what products they will continue to offer and what new products they will introduce. Which level of strategic management does this represent?
A large telephone company has hired lobbyists to try to persuade lawmakers to reduce governmental regulation over the telecommunications industry. Why might the company do this?a. Some regulations are costly to implement and cut into profits. b. Many regulations promote too much competition, driving down prices. c. Certain regulations result in rapid 4 growth, which some companies find difficult to handle. d. All of the above

A major difference between a joint venture and a partnership is that: a. a joint venture is a one-time association, whereas a partnership is ongoing. b. a partnership is composed of members, and a joint venture is not. c. partners are taxed individually, but joint ventures are not.

Answers

Answer:

Option A

Explanation:

A joint venture refers to the business entity formed by two or maybe more partners, distinguished typically by shared ownership, shared profits and hazards and shared management.

Companies usually seek joint ventures for some of four reasons: exposure to a new industry, especially emerging economies; achieve efficiencies in size through sharing resources and procedures; share responsibility for significant investments or initiatives; or gain expertise and capacities.

A partnership refers to the formal agreement to handle and run a business and express its earnings by two or even more sides. There are many kinds of agreements for partnerships. Throughout fact, both partners share obligations and benefits equally in a relationship company, while partners have limited liability in other businesses.

Thus, from the above we can conclude that the correct option is A.

The executive branch has many parts. Name one.

Answers

Answer:

The executive branch of a government consists of multiple parts that help carry out the laws and policies of the country. One important part of the executive branch is the Cabinet.

The Cabinet is made up of advisors who are appointed by the President or Prime Minister. These advisors are usually experts in specific areas such as defense, finance, or education. They help the President or Prime Minister make important decisions by providing their expertise and advice. For example, the Secretary of Defense in the United States advises the President on matters related to national security and military operations.

Another part of the executive branch is the bureaucracy or civil service. These are government employees who work in various departments and agencies to implement and enforce laws. They are responsible for carrying out the day-to-day tasks of the government, such as issuing permits, collecting taxes, or providing public services. For instance, the Internal Revenue Service (IRS) in the United States is a part of the executive branch and is responsible for collecting taxes.

In summary, the executive branch of a government has many parts, and one of them is the Cabinet, which consists of advisors who assist the President or Prime Minister. Additionally, the bureaucracy or civil service is another important part of the executive branch, comprising government employees who implement and enforce laws.

Jen is starting a nonprofit store she plans to sell handmade African scarves and jewelry. Which economic question(s) would Jen still need to answer?

Answers

even though the business is nonprift, but the basic underlying principles remain.
the questions that jen needs to ask is weather or not there is enough demand for the items she plans to sell. if there isnt,what possible steps and resources must be committed to make the demand fr the items rise. the next question will be weather or not she can maintain a steady supply chain. does she have a supplier capable of supplying the items that she needs to sell?
another questions will be the price. at what price she can sell the items. does the cost covers all the expenses that she incurred?does she have enough suprlus to expand her operations?

The top executives of Willow Inc., a furniture company, have decided what markets to compete in. Willow Inc. now has to adopt a set of organizational processes that enables it to effectively carry out these decisions. In order to translate these decisions into organizational action in a successful manner, the functional activities of the company are being measured for their efficacy to support organizational decisions. Which of the following does this scenario best illustrate?

Answers

Answer:

strategy implementation

Explanation:

Based on the information provided within the question it can be said that this scenario best illustrates a strategy implementation. This term refers to all of the plans and activities that a company/organization puts into action in order to successfully reach the desired goals that they have in place. Which is what Willow Inc. is doing by adopting a set of organizational processes that enable them to effectively carry out the necessary decisions.

Answer:

Strategy implementation

Explanation:

The top executives of Willow Inc., a furniture company, have decided what markets to compete in. Willow Inc. now has to adopt a set of organizational processes that enables it to effectively carry out these decisions. In order to translate these decisions into organizational action in a successful manner, the functional activities of the company are being measured for their efficacy to support organizational decisions. Therefore, strategy implementation best illustrate the scenerio.

On april 1, 20y8, maria adams established custom realty maria completed the following transactions during the month of april a. opened a business bank account with a deposit of $24,000 in exchange for common stock. b. purchased supplies on account , $2,400 . c. paid creditor on account , $1,520 . d. earned sales commissions , receiving cash, $24,500 . e. paid rent on office and equipment for the month , $4,800 . f. paid dividends , $ 8,000 . g. paid automobile expenses for month , $2,300, and miscellaneous expenses , $1,100. h. paid office salaries , $2,890 . i. determined that the cost of supplies on hand was $810; therefore , the cost of supplies used was $1,590. required:

Answers

To fulfill your request, the required information is as follows:

1. Prepare the journal entries for each transaction:

a. To record the deposit of $24,000 in exchange for common stock:
Date Account Debit Credit
----------------------------------------------------------
April 1 Cash $24,000
Common Stock $24,000

b. To record the purchase of supplies on account for $2,400:
Date Account Debit Credit
----------------------------------------------------------
April 1 Supplies $2,400
Accounts Payable $2,400

c. To record the payment to the creditor on account for $1,520:
Date Account Debit Credit
----------------------------------------------------------
April 1 Accounts Payable $1,520
Cash $1,520

d. To record the earned sales commissions of $24,500 received in cash:
Date Account Debit Credit
----------------------------------------------------------
April 1 Cash $24,500
Sales Commissions Earned $24,500

e. To record the payment of rent on office and equipment for the month of $4,800:
Date Account Debit Credit
----------------------------------------------------------
April 1 Rent Expense $4,800
Cash $4,800

f. To record the payment of dividends of $8,000:
Date Account Debit Credit
----------------------------------------------------------
April 1 Dividends $8,000
Cash $8,000

g. To record the payment of automobile expenses for the month of $2,300 and miscellaneous expenses of $1,100:
Date Account Debit Credit
----------------------------------------------------------
April 1 Automobile Expenses $2,300
Miscellaneous Expenses $1,100
Cash $3,400

h. To record the payment of office salaries of $2,890:
Date Account Debit Credit
----------------------------------------------------------
April 1 Office Salaries $2,890
Cash $2,890

2. Calculate the cost of supplies used:
Cost of supplies used = Cost of supplies on hand - Cost of supplies used
Cost of supplies used = $2,400 - $810
Cost of supplies used = $1,590

These are the required journal entries and the calculation for the cost of supplies used based on the given transactions.

Clients rarely cut ecommerce expenditure. a. true b. false

Answers

Final answer:

The answer to 'Clients rarely cut ecommerce expenditure' is subjective, as companies may increase or decrease their ecommerce expenses based on various factors such as return on investment, market conditions, and strategic decisions.

Explanation:

The statement 'Clients rarely cut ecommerce expenditure' can be either true or false depending on various factors. By nature, ecommerce expenditure is dynamic and subject to shifts with changes in business strategy, market conditions, or individual client needs.

Ecommerce costs can include anything from the platform's maintenance costs, marketing, and advertisement expenses to handling logistics and customer service. If a business sees a strong return on investment from their ecommerce efforts, they might be less inclined to cut spending. However, if the benefits are not realized, they might decide to reduce their ecommerce budget.

Moreover, technological advancements and rising competition often force businesses to continuously invest in their ecommerce strategies to stay relevant and competitive. Yet, circumstances like a downturn in economy or shifts in consumer behavior can also cause companies to reduce ecommerce costs.