BUSINESS HIGH SCHOOL

Bankruptcy is a process when a lender tries to obtain money from an individual's employer to pay an unpaid debt.a. True
b. False

Answers

Answer 1
Answer:

Answer:

FALSE

Explanation:

Bankruptcy is a legal situation in which a person or company declares that they have no financial capital to meet their obligations. This is a process that must be authorized by a judge. When bankruptcy is filed, the assets of the company / person filing for bankruptcy are frozen so that they can later be used to pay off part of the company's debts. For example, if a company goes bankrupt and does not pay suppliers and employees. The assets of the bankrupt business owners may be used to pay those who have been injured.
Answer 2
Answer: the answer to this question would be false because when you file for bankruptcy you are not asking to get help to pay your debt you are asking to have it expunged.

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Which of the following will be accomplished by assessing the factors of production?
Andrews Company accepted a note receivable from a credit customer who failed to pay their $2,000 Accounts Receivable balance. The customer signed a promissory note which was accepted for 9 months at 5% interest. At the end of the 9 months, the customer does not pay, so it becomes a dishonored note receivable.

The dollar amount you have to pay before an insurance plan takes effect and the insurance company starts paying is the __________.

Answers

If this question has the same list of choices like the previous ones, the answer would be letter c.premium

>The dollar amount you have to pay before an insurance plan takes effect and the insurance company starts paying is the  Premium. 

choices to this question are the following:
a. Coverage rate 
b. Co-pay 
c. Premium 
d. Deductible 

If a marketing manager queries a marketing information system to determine the effect of three different levels of price for a new product, she is using __________.

Answers

Answer:

sensitivity analysis

Explanation:

Based on the information provided within the question it can be said that in this scenario the marketing manager would be using sensitivity analysis. This is a method of analyzing the uncertainty outputs that a mathematical model will have on something. Which in this case would be the different price levels on a new product.

An electronic funds transfers system ________. A. does not include debit card transactions B. transfers cash by electronic communication rather than by paper documents C. is seldom used by businesses D. uses forms such as checks and deposit tickets to transfer cash

Answers

Answer:

The correct answer is B. transfers cash by electronic communication rather than by paper documents.

Explanation:

When the bank transfer or bank transfer is verified through electronic means, throughout its process or some parts thereof, it is referred to as an electronic funds transfer system (EFTS). This system is used when providing a bank account number and routing information to someone who owes money, and that interested parties transfer money from one account to another. It is also the system used in some of the payments made through the online bill payment service of a bank. EFTS transfers differ from electronic transfers in important legal forms. An EFTS payment is essentially an electronic personal check, while a bank transfer is more like an ATM check.

In the United States, EFTS transfers are often called "ACH transfers," because they take place through the Automated Clearing House or Automated Clearing House. The part that ACH transfers differ from bank transfers is that the recipient can initiate it. There are course restrictions, but this is the way people often make automatic bill payments, for example to utility companies.

Which of the following is a characteristic of a public good? a. You must pay each time you use it.
b. It is typically maintained for private use.
c. The cost to build it is the same, regardless of how many people use it. d. You can apply for one if you plan to share it with the public.

Answers

c, I guess?  A park is a public good.  Roads are a public good.  The initial cost to build it is the same no matter how many people use it, but the more folks use it, the higher maintenance costs will be...

Economists are concerned with an individual's wants because 1. wants always lead to shortages in the economy. 2. needs because economists define needs to be the goods people need to survive. 3. wants because the existence of wants leads to scarcity. 4. needs because needs are most important to an individual's well being.

Answers

Economists are concerned with an individual's wants because wants because the existence of wants leads to scarcity.

Explanation:

Wants are the wishes of the human beings. It is the desire that is to be achieved by human beings. Every individual wants something in life for the survival. The wants of human beings has led to the technology advancements and discovery of many new things.

Wants are never ending things in human life. When something is achieved and there arises another want to be achieved again. This is to live better and this betterment will be never ending one, hence, economists view wants of individuals to lead to scarcity.

Explain why it is true that for a firm in a perfectly competitive​ market, the​ profit-maximizing condition MR​ = MC is equivalent to the condition P​ = MC. When maximizing​ profits, MR​ = MC is equivalent to P​ = MC because _______

Answers

\bold{MR = P} is equivalent to both of the given conditions in a fully competitive market.

Explanation:

In profit maximization, MR = MC corresponds to P = MC since, for a fully competitive product, the marginal revenue curve is the same as its demand. If a company produces during this level, marginal income is lower than marginal cost.

This ensures that for each additional production unit, the company loses profit and should deliver less. MR > MC the company produces less and may increase income by higher output.

To sum up, MR > MC the company produces less and can make profit by increasing production MR < MC the company produces more and can earn a profit by reducing the output.
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