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True [87]
2 years ago
8

Why is it important to know how business and the economy work together? ​

Business
1 answer:
Vinil7 [7]2 years ago
5 0

Answer:

It is important because it helps us understand how the world works. Every buisness contributes to the economy with their products. This is what makes trades of goods work between countries.

Explanation:

You might be interested in
A river barge company can offer cheaper, although slower, per-pound transportation of products to companies when compared with t
VladimirAG [237]

Answer:

the cost leadership strategy.

Explanation:

A river barge company can offer cheaper, although slower, per-pound transportation of products to companies when compared with transportation by air, truck, or rail. The river barge company should first target customers whose companies use the cost leadership strategy.

A cost leadership strategy is a business strategy which is aimed at using the lowest cost of production and operation in a business.

Hence, river barge company cheaper, although slower, per-pound transportation as against the use of air, truck, or rail which would be more expensive.

3 0
2 years ago
On April 11 of the current year, Zack Corporation had a market price of $48 per share of common stock. Its par value was $10 per
NikAS [45]

Answer:

The dividend yield for Zack Corporation 8%,the first option

Explanation:

The dividend yield is a measure of business performance used by investors which compares the dividend paid by a stock to its market price(price paid by investors to acquire the stock)

dividend per share for Zack Corporation is $3.90

market price per share is $48

dividend yield =$3.90/$48*100=8.13%

The correct option is the first option 8% since the figure above was simply rounded down to whole number

3 0
2 years ago
A supermarket uses a periodic review system to manage inventory of gallons of drinking water. Average demand is 152 gallons of w
dem82 [27]

Answer:

The target inventory position is T= 713.6 gallons.

Explanation:

Given:

Average demand =per day = D = 152 Gallons

Standard deviation of demand = σ = 33 Gallons per day

Lead time for delivery = L = 4 days

Z value for 94.5% service level = 1.6

The target inventory position  = (Average demand x Lead time) + Safety stock

= (D × L) + (Z× σ × \sqrt{L})

= (152 × 4) + (1.6 × 33 × \sqrt{4})

= (152 × 4) + (1.6 × 33 × 2)

= 608 + 105.6

= 713.6

4 0
2 years ago
Many firms include on their employment applications a box that job seekers are asked to check if they have ever been convicted o
maria [59]

Answer:

These two statements are correct:

A. Potential employers may have believed that those with black-sounding names had completed less education.

African Americans on average have less rates of graduation from tertirary education than White Americans.

This situation might lead some employers to develop streotypes about African Americans being less educated, when it is clearly an error, and unfair, to reject a potential employee because of stereotyping instead of making an individualized analysis of his or her abilities.

D. Hiring firms may have believed that those with black-sounding names were more likely to have a criminal conviction.

African Americans on average are incarcerated more often than other ethnic groups in the US. The reasons for this are complex but poverty and racial discrimination are two big factors. This situation causes some employees to develop streotypes, leading to unfair situations as described in the first answer.

5 0
2 years ago
Suppose that the price of a money clip increases from $0.75 to $0.90 and quantity supplied rises from 8,000 units to 10,000 unit
arsen [322]

Answer:

1.      1.22

Explanation:

P = Price of money clip

S = Supply of money clip

P1 = 0.75

P2 = 0.90

S1 = 8,000

S2 = 10,000

Mid point Formula = [ ( S2- S1 ) / ( P2- P1 ) ] / [ ( ( S2+ S1 ) / 2) / ( ( P2 + P1 )/2 ) ]

Price Elasticity of Supply =  [ ( 10,000- 8,000 ) / ( 0.90- 0.75 ) ] / [ ( ( 10,000+ 8,000 ) / 2) / ( ( 0.90 + 0.75 )/2 ) ]

Price Elasticity of Supply = (2,000 / 0.15) / (9,000 / 0.825)

Price Elasticity of Supply = 13,333.33 / 10909.09

Price Elasticity of Supply = 1.22

3 0
2 years ago
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