Market power refers to the a. importance of a certain market in relation to the overall economy. b. ability of a person or small group to successfully market new products. c. power of the government to regulate a market. d. power of a single person or small group to influence market prices.

Answers

Answer 1
Answer:

Answer:

The answer is d.

Explanation:

Market power is defined as the power possessed by a single individual or a company or a group of companies to have effect on the prevailing market power. Such a group has the power, which if exercised, can affect the prices and deter competition. These individuals or companies have this power over others because of the position they hold with respect to others on the basis of either their market share, market size, technical advantage or so on. Thus, option d which says the power of a single person or small group to influence market prices is the right answer.

Answer 2
Answer:

Market power refers to the ability of a single entity or a small group to influence market prices. It typically arises when a firm is the dominant player in the market, giving it the ability to control the price of goods or services.

Market power refers to the power of a single person or small group to influence market prices (option d). It is the ability of a firm to control the price of a good or service in a market, by being the dominant player. For instance, if a single company produces a unique product that no other firms manufacture, the company can set the price as it will not face direct competition. This scenario illustrates a high degree of market power.

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The economy is in a recession and the government wants to increase output. If the multiplier equals 3 and the government increases spending by 250, how much will output increase by

Answers

Answer:

The answer is 750

Explanation:

When government increases its spending, this increase in spending leads to increases in income for households which cumulatively increase the national income, this effect is known as multiplier effect.

Government has increased its spending by 250 while multiplier effect is 3.

Therefore, output will increase by 750(250 x 3)

For more than 30 years, Starkist put 6.5 ounces of tuna into its regular-sized can. Today, Starkist puts only 6.125 ounces of tuna into the same-size can but charges the same price. Georgia-Pacific reduced the content of its Brawny paper towel six-roll pack by 20 percent without lowering the price. There are two sides to the ethical argument about this practice: that of consumer advocates and that of manufacturers. What is the practice called and what is the basic position of each side

Answers

Answer: Downsizing

Explanation:

 According to the given question, the downsizing is one of the concept that helps in representing the two sides about the ethical argument in an organization.

The downsizing is the term which refers to operating cost of an organization in which we put less function or operation in the product but we charge the similar cost to the consumers in the market.

The main cause of the downsizing is that it may occur due to the various types of conditions such as when the economical position of the company is very  poor and maintaining the profitability in an organization.

 Therefore, Downsizing is the correct answer.

 

How the workplace changing and why it is important to understand workplace trends?

Answers

The environment and the workplace are changing due to the development of disruptive technologies that have transformed the relations of production and labor into a phenomenon called globalization. After globalization, companies started to produce in territories where labor is cheaper, opening new jobs, new markets for products and new forms of demand, such as online shopping. Understanding all this change is a complex task, but it is important for workers to understand the trends of the globalized world and to prepare to achieve the desired jobs.

Which of the following groups decides who sits on the board of directors of a corporation?A. Consumers
B. The US government
C. American voters
D. Shareholders

Answers

Shareholders decides who sits on the board of directors of a corporation

Shareholders and board of directors

A shareholder, also referred to as a stockholder, is a person, company, or institution that owns at least one share of a company's stock, known as equity. Because shareholders essentially own the company, they reap the benefits of a business's success. These rewards come in the form of increased stock valuations or financial profits distributed as dividends.

Roles of a Shareholder

1. Brainstorming and deciding the powers they will bestow upon the company’s directors, including appointing and removing them from office

2. Making decisions on instances the directors have no power over, including making changes to the company’s constitution

3. Checking and making approvals of the financial statements of the company

Types of Shareholders

Common shareholders are those that own a company’s common stock. They are the more prevalent type of stockholders and they have the right to vote on matters concerning the company.

Preferred shareholders are more rare. Unlike common shareholders, they own a share of the company’s preferred stock and have no voting rights or any say in the way the company is managed. Instead, they are entitled to a fixed amount of annual dividend, which they will receive before the common shareholders are paid their part.

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d. the shareholders decide who sits on the board of directors

The Item column of the ledger account for the opening first entry for the ledger accountsshould contain the
A. word Cash.
c. account title.
B. words Opening Entry.
d. word Balance.

Answers

The first item in the ledger account's Item column for the opening entry should be the account title. This provides a clear description of the account's purpose. Following entries will include transaction details.

  • The question relates to the first item that appears in the Item column of the ledger account when making the first entry for the accounting period, otherwise known as the opening entry.
  • Typically, the first item in the ledger account should be the account title.
  • This means that the correct choice would be 'c. account title'.
  • The account title provides a clear description of what the account is used for.
  • The subsequent entries would then usually involve transactional details including the date, description, debit, credit, and running balance.

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It's either Opening Entry or Account title following this order

Who, what, and When.
Who would be the company or the person's name
What would be if it's a balance sheet, income statement, Chart of accounts, or trial balance.
When is the date.

Example

Stockholm's Company
Balance Sheet
February 1, 2015

Why do internal users need financial data?A. to make business decisions and compare business performance with previous years
B. to invest in the business’s stocks
C. to invest in stocks and make business decisions
D. to analyze the risk involved in lending money to the business
E. to understand the risk involved in lending resources to the business

Answers

Answer:

C. to invest in stocks and make business decisions

Final answer:

Internal users need financial data to make informed business decisions and compare business performance with previous years. Financial data offers insights into the business's operational aspects and can be used to identify trends and areas of growth or improvement. Options B, C, D, and E are more related to external users such as investors and creditors.

Explanation:

Internal users need financial data primarily to make informed business decisions and assess performance. Financial data provides insights into business operations such as profitability, effectiveness, and efficiency. It can also be used to benchmark performance against previous years, identifying trends and areas of growth or improvement.

Option A: to make business decisions and compare business performance with previous years is correct.

Options B, C, and D: to invest in the business's stocks, to invest in stocks and make business decisions, and to analyze the risk involved in lending money to the business, respectively pertain more to external users like investors and creditors, not internal users.

Option E: to understand the risk involved in lending resources to the business, seems partially correct. Internal users may use financial data to understand risk regarding resource allocation; however, the term 'lending' is generally mostly associated with external entities, such as banks.

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