BUSINESS HIGH SCHOOL

For the past twenty years, Curtis purchased its jewelry-cleaning kit components from Evans' Suppliers, a local company that recently went out of business. As a re-cent hire to Curtis, you are excited about the opportunity to search for suppliers using modern tools that will allow you to search throughout the country and even outside it for the best ven-dors. First Steps What should be your first step?

Answers

Answer 1
Answer:

Answer:

Explore the priorities within your own company, and find out what the Curtis stakeholders, e.g., manufacturing, marketing, need from avendor. You decided that your first step should be to explore the needs within your own company. This was the best choice. You would need toknow what the priorities and needs for Curtis stakeholders are before you can begin to evaluate vendors.

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Internalizing external costs and assigning property rights to unowned goods such as wild species are two responses to market failures by defenders of a narrow economic view of corporate social responsibility. These ad hoc attempts to repair market failures are environmentally inadequate because of the

Answers

Answer: Fungibilty problem

Explanation: The concept of internalizing extercost could best be explained as policies which intends to balance and shift cost or effect of external factors on the masses. As mentioned in the question abive, a concept of internalizing external cost is the use of fiscal policies in the associating property rights to goods which one does not even own. The concept of fungibilty preaches equality in the value of exchaved goods or asset. This concept is trampled upon when individuals have to bear and pay for cost which they did not incur explicitly.

In the Classical Theory, it is the price-wage-interest rate _____________ that restores the economy to full employment if Household or Business spending declines..

Answers

Answer:

flexibility

Explanation:

According to classical economists, the price-wage-interest rate flexibility refers to a combination of flexible factors that maintains economic stability:

  • Flexible interest rates keeps the money markets (loans) in equilibrium.
  • Flexible wages keeps the labor market in equilibrium.
  • Flexible prices keeps the goods and services markets in equilibrium.

Therefore, if spending declines, the economy will self-adjust using flexible interest rates (interest rates should lower), flexible wages (wages should lower) and flexible prices (prices should lower) until the economy rebounds.

A partner (owner) who invests money in a business does not take an active role in managing the operation, and is only subject to losing the funds he/she invested is known as a(n) _______ partner.

Answers

Answer:

Limited partner

Explanation:

A limited partner has limited liabilities and doesn't take an active role in managing the operation of the business. A limited partner is also known as a silent partner.

I hope my answer helps you

Lashondra is the owner/operator of an interior design firm. Last year she earned $400,000 in total revenue. Her explicit costs were $200,000 (assume that this amount represents the total opportunity cost of these resources). During the course of the year she received offers to work for other design firms. One offer would have paid her $120,000 per year and the other would have paid her $130,000 per year. Lashondra’s economic profit is equal to:____________.a. $50,000
b. $70,000
c. $200,000
d. $0.

Answers

Answer:

b. $70,000

Explanation:

Economic profit is the difference between the total revenue received by a business and the total implicit and explicit costs of a firm.

Economic profit = Total revenue - (Implicit costs + Explicit costs)

Economic profit = $400,000 - $200,000 - $130,000 = $70000

Therefore Lashondra's economic profit is equal to $70000.

Answer:

b. $70,000

Explanation:

Let's assume she took the offer of $130000

Her explicit costs were $200,000

Profit = cost - revenue

Profit = 200000 - 130000

Profit = $70,000

Which form of promotion would be most effective at correcting a damaged business reputation?public relations



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direct marketing



sales promotions

Answers

Public relations and Sales promotions to earn the trust from the public again.

Answer:

A: Public Relations

Explanation:

#PlatoFam

According to the PPC, as we produce more military goods and our resources remain constant, what will happen to the production of consumer goods?

Answers

Answer:

Production of consumer goods will be reduced

Explanation:

A Production possibility curve depicts all the possibilities of production of two goods in an economy wherein to produce an extra unit of one good, some part of production of second good needs to be sacrificed.

If an economy produces only two kinds of goods such as military goods and consumer goods, extra production of any of the two would require a corresponding sacrifice of the other. This points towards opportunity cost.

A typical production possibility curve is concave to the origin depicting opportunity cost.

If an economy decides to produce more of military goods with available resources remaining constant, it can only be achieved by sacrificing on the production of consumer goods.

Thus, production of consumer goods will reduce if more military goods are produced.
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