All categories

2 years ago

Match each term with its definition.

Business

2 answers:

Stolb23 [73]2 years ago

7 0

Answer:

A. Financial planning. : A strategy to save for financial goals.

B. Rational choice. : A decision-making method that compares costs and benefits.

C. Risk aversion.: Reluctance for taking chances.

D. Utility. : Personal satisfaction gained from consumption.

Explanation:

The terms are described above have a specific meaning and are based on the economic terms of any business environment.

Elan Coil [88]2 years ago

6 0

Here is the pair:

- Financial planning - A strategy to save for financial goals.
financial planning is done to ensure that individuals or companies would achieve healthy financial growth.

- Rational choice - A decision-making method that compares costs and benefits.
A choice is considered as rational if the benefit outweigh the cost

- Utility - Personal satisfaction gained from consumption.
For example, when you drink a soda after working out, the loss of thirst is considered to be a utiliy

- Risk aversion - Reluctance for taking chances.
Risk aversion is most commonly used by investors to avoid experiencing unnecessary loss

You might be interested in

Upon graduating with an accounting degree, you open your own accounting firm of which you and your assistant are the only employ

kumpel [21]

1))$))))))))))))))gggggghhhhh

6 0

2 years ago

The accountants hired by the Brookside Racquet Club have determined total fixed cost to be $75,000, total variable cost to be $1

Bad White [126]

He should stay open because shutting down would be more expensive as descibed below

Explanation:

It should be OPTION C-stay open because shutting down would be more expensive.

It cannot be option one. Shut down point is that where the variable cost is equal to the total revenue. But here the total revenue is more than the variable cost.

It cannot be option two. If the firm exit the industry, there will not be any revenue and variable cost but the total fixed cost will a loss. Hence, the firm should continue to produce.

It cannot be option four. There is not at all any economic profit. Rather there is an economic loss of 60000.

Hence, the answer will be option three. He should stay open because shutting down would be more expensive.

6 0

2 years ago

What is the difference between a business model and an ebusiness model? Multiple Choice An ebusiness model details how a company

Vikki [24]

Answer:

An ebusiness model details how a company creates, delivers, and generates revenue; a business model does all the same except on the internet

Explanation:

E-commerce is nothing but buying and selling of goods around the web. On the contrary, e-business is a little different as it is not limited to, commercial transactions, but it also provides other services. These are the two emerging modes of doing business, which are gaining importance with the passage of time.

6 0

2 years ago

Both Mia and Mario specialize in producing the item in which they have a comparative advantage. Then they trade one pasta dish f

FrozenT [24]

Answer:

The total gains from trade are 4 dishes of pasta and 4 pizzas an hour.

Explanation:

Before specialization, Mia and Mario each produced 4 dishes of pasta and 4 pizzas per hour. After specialization, Mia is able to produce 12 dishes of pasta, and Mario is able to produce 12 pizzas per hour.

After specialization and trade, the total maximum combined output per hour is 12 dishes of pasta and 12 pizzas. Before specialization, the total maximum combined output per hour was 8 dishes of pasta and 8 pizzas. So the net gain of specialization and trade is 4 dishes of pasta and 4 pizzas per hour.

4 0

2 years ago

Records at Hal’s Accounting Services show the following costs for year 1. Direct materials and supplies $ 40,000 Employee costs

ruslelena [56]

Answer:

See answers below

Explanation:

a. Direct materials & supplies $40,000 = $40,000 × 110%

= $44,000 × 20,000/25,000

= $35,200

Employee costs = $2,900,000 × 105%

= $3,045,000 × 20,000/25,000

= $2,346,000

Variable overhead = $600,000 × 100%

= $600,000 × 20,000/25000

= $480,000

Fixed overhead = $700,000 × 105%

= $735,000

b. Total costs per unit year 2 =

$3,596,000 / 20,000

= $179.81

6 0

2 years ago