You pay a monthly fee to have telephone service for your business. The amount you pay is the same every month. This is an example of a ________ cost.Question 8 options:

Fixed


Profit


Variable


Revenue

Answers

Answer 1
Answer: This is an example of  a fixed cost.

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What pattern of organization describes a shift in time?A. Cause and effect B. Time order C. Process analysis D. Classification

9. Each of the following is a business expense, except payment for *advertising
monthly rent
utility bills
equipment

Answers

Answer:

equipment

Explanation:

Equipment refers to tools or machinery used in the production of other goods and services for sale. They are not consumables, nor are they meant for sale. Equipment is treated as assets of the business.

Payments for assets is not an expense.  Since the equipment will be used in many financial periods, its cost cannot be assigned to the purchase year alone. Payment for the equipment is treated as a capital or asset acquisition.

Business are hiring workers and GDP starts to increase as consumer spending increases. A. peak
B. Contraction
C. Trough
D. Expansion

Answers

Answer:D Expansion

Explanation:

Economics Definition of Expansion is: It is a period of economic growth as measured by a rise in real GDP.

SHORT ESSAY: What exactly is this principle of the invisible hand in relationship to the free market? Answer in at least 150 words.

Answers

Answer: The unobservable market force that helps the demand and supply of goods in a free market to reach equilibrium automatically is the invisible hand.

Description: The phrase invisible hand was introduced by Adam Smith in his book 'The Wealth of Nations'. He assumed that an economy can work well in a free market scenario where everyone will work for his/her own interest.

He explained that an economy will comparatively work and function well if the government will leave people alone to buy and sell freely among themselves. He suggested that if people were allowed to trade freely, self interested traders present in the market would compete with each other, leading markets towards the positive output with the help of an invisible hand.

In a free market scenario where there are no regulations or restrictions imposed by the government, if someone charges less, the customer will buy from him. Therefore, you have to lower your price or offer something better than your competitor. Whenever enough people demand something, it will be supplied by the market and everyone will be happy. The seller end up getting the price and the buyer will get better goods at the desired price.

A firm that uses ___________ segmentation divides a market into groups based on life stage, race, or profession. benefit demographic value target

Answers

A firm that uses demographic segmentation divides a market into groups based on life stage, race, or profession.

What is one action an employer can take to lower wage levels?A. Hire only union workers.
B. Hire workers with more experience.
C. Replace some workers with machines.
D. Stop wage discrimination.

Answers

The answer is C. Replace workers with machine

It's common for a company to replace workers with maschines in order to do hard menial labour such as wrapping packages, cutting products, shaping the products, moving the raw material, etc. which could increase efficiency and lower wage levels at the same time

Employee is related to

Answers

staff, worker, hired help