BUSINESS HIGH SCHOOL

Which of the following economic terms means "the amount that firms will produce and sell at a specific price"A. supply
B. quantity supplied
c. quantity demanded

Answers

Answer 1
Answer: The economic term that means "the amount that firms will produce and sell at a specific price" is called quantity demanded. The definition for quantity is goods or services demanded for a specific price. The correct answer is C.

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When managers at Amazon decided to become the number one e-commerce retailer in the world, they were practicing in the management function of?

Which of the following is the best definition of probable operating costs? a) Amount of money required to start a business. b) Amount of money required to market a business. c) Amount of money required to purchase business equipment. d)Amount of money required to keep a business running

Answers

The best definition of probable operating costs is the amount of money required to keep a business running. In order to keep a business running there are certain costs involved that are always probable.

Answer:

d)Amount of money required to keep a business running is the correct answer.

Explanation:

  • The best definition of probable operating costs is Amount of money required to keep a business running.
  • Operating costs is the cost of means that are used by the organization to sustain its continuation.
  • Operating costs are important and inescapable for most companies.
  • Operating costs are the expenses that include things such as rent, equipment, salary, utilities, office, allowances, taxes and marketing these operating expenses are actually the expenses to keep the company running.

Karlie wants to be an anthropologist. What is the academic requirement for this job?

Answers

There are a couple of academic requirements for an anthropologist job. If Karlie wants to be start at an entry level anthropologist job she will need a bachelor's degree. If Karlie wants to start at an advanced level, she will need a doctoral or master's degree. 

Answer:

a master’s or doctorate degree

Explanation:

#1. What is true about economic resources? Economic resources include only money./ Economic resources are limited./ Economic resources exist only at the individual level. / Economic resources are always controlled by the government.....#2. An economy where more money is being collected than is being allocated or spent is known as what type of economic stance? Expansionary/ Contractionary/ Neutral / Exceptionary

Answers

The right answer for the question that is being asked and shown above is that: "Economic resources are limited." The statement that is true about economic resources is that Economic resources are limited.

The right answer for the question that is being asked and shown above is that: "Contractionary"

Business Rental Corporation (BRC) and Cartage Trucking Companyenter into a contract for a lease of ten hydraulic lifts. Under theperfect tender rule, BRC must ship or tender goods to the lessee thata.approximately conform to all of the details of the contract.b.entirely conform to the contract except in one or two details.c.exactly conform to the contract in every detail.d.substantially conform to the contract in most details.

Answers

Answer:

c. exactly conform to the contract in every detail.

Explanation:

Under the perfect tender rule, BRC must ship or tender goods to the lessee that exactly conform to the contract in every detail.

The Perfect Tender rule is a term that refers to the legal right a buyer to insist that the goods purchased conform precisely to the product description in quality, quantity, and manner of delivery. If the goods fail to conform to the description, the buyer may legally reject the goods offered.

What is the name of the practice that consists of requiring pickers to gather the items for several orders at once, but keep them separate in separate totes?

Answers

Answer: Batch picking

Explanation:

Batch picking is the practice that consists of requiring pickers to gather the items for several orders at once, but keep them separate in separate totes.

It should be noted that in batch picking, a batch of orders are picked by a single picker and this typically help in the reduction of making constant repeated trips to same location

The Nissan assembly plant in Tennessee purchases several thousand unassembled parts for automobiles and then performs final assembly of the vehicles before delivering them to dealers all over the nation. Purchasing parts several days or weeks before they are assembled would increase the total cash outlay the plant has tied up in inventory at any given time. In order to reduce the expense of large inventories, most assembly plants have successfully adopted __________ inventory systems.a. balanced
b. strategic alliance
c. just-in-time
d. rotational

Answers

Answer:

c. just-in-time

Explanation:

Just-in-time (JIT) is an inventory management strategy that eliminates to need to hold high volumes of stocks. In JIT, materials are purchased to coincide with the production process. Materials bought will not be kept in the stores but will go into the production process right away.

Should the Nissan team adopt the JIT strategy, it will not require to invest a lot of money in inventory purchases. It will only buy the parts needed for a specific production run. Nissan will free up cash that would be held in components kept in stores. The company will eliminate the possibility of the parts getting damaged while in the store.  The management of the Nissan team will have to be extra careful not to run out of stock at production time.
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