The customer decides which product to buy. - Making a purchase decision.
The customer looks for information on products and services. - Searching for information.
The customer compares various options. - Looking at options.
The customer pays for a product. - Buying the product or service
The customer reflects on what he or she has bought. - Purchase reflection.
The customer realizes that something is needed. - Problem recognition.
What is a buying decision process?In marketing, this decision-making process are used by the consumers regarding the market transactions before, during and after the purchase of a good or service. Such process can be seen as a form of a cost-benefit analysis in the presence of multiple alternatives.
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What type of program would have a class named student with objects called fulltime and parttime?.
A program that deals with students and their enrollment status would have a class named student with objects called fulltime and parttime.
What is part-time?
A job that is part-time typically has fewer hours each week than a full-time position. They put in shift work. Rotational shifts are common. When employees regularly put in less over 30 hours per week, they are regarded as part-timers. The International Labour Organization believes that, with the exception of the United States, the proportion of part-time workers had also increased from one-quarter to fifty percent over the past 20 years in most developed nations. Working part-time can be done for a variety of reasons, such as a desire to do so having one's hours reduced by an employer, or the inability to find a full-time position. Part-time employees must receive equal treatment to full-time employees, according to International Labour Organization Convention 175 (ILO 175).
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an internal proposal is submitted to your own organization, while an external proposal is submitted to another organization. group of answer choices true false
An internal proposal is submitted to your own organization, while an external proposal is submitted to another organization. The given statement is true.
What is internal proposal?
A form of proposal used it to promote a project inside your company is an internal proposal. Once people think of proposals, those who frequently picture external ones that are sent to another organisation to secure work. Proposals, however, can also be used from within to describe a concept and how your business might benefit from it. Since you all work for the same company, some elements of an external proposal are not necessary inside an internal proposal. Many of the components in an external proposal are also present in an internal proposal. These consist of an introduction, historical context, project advantages, a description of the work as well as its outcomes, methods, timetables, and costs.
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a restaurant located in the financial district or a cafe in a corporate headquarters may enjoy strong weekday sales but may not be able to justify staying open on weekends. what type of sales volatility is implied here?
Type of sales volatility is implied here is Volatility in day-to-day sales.
What is sales volatility?A statistical measurement of volatility is the dispersion of returns for a certain securities or market index.
Your upside is limited to the option's premium when you sell it, but your downside is theoretically uncapped. If you sell a call option short, your losses are beyond bounds.
The total number of time periods, T, is calculated by multiplying the standard deviation by the square root of that number. It illustrates the yearly change in market prices in finance.
Volatility is the rate of change in a stock's price over a predetermined period of time. Stock price volatility is usually correlated with increased risk, which helps investors predict probable future swings.
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on july 1, 2025, bramble co. pays $13,920 to oriole insurance co. for a 1-year insurance contract. both companies have fiscal years ending december 31.
Journal entry for Bramble Co. will be as follows: July 1) Prepaid Insurance - 14760 (dr) Cash - 14760 (cr)
Dec 31) Insurance Expense - 2460 (dr)
Prepaid Insurance - 2460 (cr)
On journal entry of july 1 Bramble Company gets an insurance policy from Oriole which is why the transaction is being debited and cash is credited as it goes out of the company
On journal entry of Dec 31 expense is done from the insurance being paid throughout the year and prepaid insurance is credited as it is already paid.
The sum that the insured must pay when acquiring an insurance policy is referred to as an insurance premium. A legitimate contract involving a consideration to be paid between the insurer and the insured is an insurance scheme. The fundamental journal entry for a paid insurance premium is Debit: Cost of insurance and credit: Cash/Bank
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Complete Question: On July 1, 2025, Bramble Co. pays $13,920 to Oriole Insurance Co. for a 1-year insurance policy. Both companies have fiscal years ending December 31. For Bramble Co., journalize the entry on July 1 and the adjusting entry on December 31.
defond services, a firm providing art services for advertisers, began business on june 1. the following accounts are needed to record the transactions for june: cash; accounts receivable; supplies; office equipment; accounts payable; common stock; dividends; service fees earned; rent expense; utilities expense; and wages expense. prepare a journal entry for each transaction.
To prepare the journal entries for the business transactions, we start with the debits followed by credits.
June 1: DeFond invested $12.000 cash to begin the business in exchange for common stock.
Debit Cash 12,000; Credit Common stock 12,000
June 2: Paid $950 cash for June rent.
Debit Rent expense 950; Credit Cash 950
June 3: Purchased $6,400 of office equipment on credit.
Debit Office equipment 6,400; Credit A/P 6,400
June 6: Purchased $3,800 of art materials and other supplies; the company paid $1,800 cash with the remainder due within 30 days.
Debit Materials & supplies 3,800; Credit Cash 1,800; credit A/P 2,000
June 11: Billed clients $4,700 for services rendered.
Debit A/R 4,700; Credit Revenue 4,700
June 17: Collected $3,250 cash from clients on their accounts billed on June
Debit Cash 3,250; Credit A/R 3,250
June 19: Paid $5,000 cash toward the account for office equipment (sec June 3)
Debit A/P 5,000; Credit Cash 5,000
June 25: Paid $900 cash for dividends.
Debit Dividends 900; Credit Cash 900
June 30: Paid $350 cash for June utilities.
Debit Utilities expense 350; Credit Cash 350
June 30:Paid $2,500 cash for June wages.
Debit Wages expense 2,500; Credit Cash 2,500
Here's the complete question:
Defond services, a firm providing art services for advertisers, began business on june 1. the following accounts are needed to record the transactions for june: cash; accounts receivable; supplies; office equipment; accounts payable; common stock; dividends; service fees earned; rent expense; utilities expense; and wages expense. prepare a journal entry for each transaction.Record the following transactions for June using the financial statement effects template.
June 1: DeFond invested $12.000 cash to begin the business in exchange for common stock.
2: Paid $950 cash for June rent.
3: Purchased $6,400 of office equipment on credit.
6: Purchased $3,800 of art materials and other supplies; the company paid $1,800 cash with the remainder due within 30 days.
11: Billed clients $4,700 for services rendered.
17: Collected $3,250 cash from clients on their accounts billed on June
19: Paid $5,000 cash toward the account for office equipment (sec June 3)
25: Paid $900 cash for dividends.
30: Paid $350 cash for June utilities.
30: Paid $2,500 cash for June wages.
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Kenda needs her manager to review the memo she wrote so that she can send it out to her clients before the end of the day. what's the best way for kendra to end her email to her manager?
The best way for kendra to end her email to her manager is: A. Please review the memo and let me know if you have any changes by 3 p.m. today.
Who is a manager?A manager can be defined as the person whose roles and responsibilities is to supervise, control and coordinate the day to day activities of a business operation so as to ensure smooth running as effectively managing a business operation can enables the company to achieve their set goals.
On the other memo tend to often official message that is formally address to a person within an organization or a person outside an organization such as a clients.
Based on the given scenario since she has to submit the memo before the end of the day the best thing is to tell her manager politely to help her review the memo as the manager may want to add or remove some words she included in the memo.
Therefore the correct option is A.
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The complete question is :
Kenda needs her manager to review the memo she wrote so that she can send it out to her clients before the end of the day. What's the BEST way for Kendra to end her email to her manager?
Please review the memo and let me know if you have any changes by 3 p.m. today.
Here's the memo I want to send clients today.
Please review the memo for any spelling or grammatical errors.
Do you think this looks OK?
chegg the way apple has combined some of its tangible (e.g., financial resources and research laboratories) and intangible (e.g., scientists and engineers and organizational routines) resources to complete research and development tasks creates a
Resources to complete research and development tasks creates a core competence in innovation.
An intangible asset is a resource that has no physical presence but still has long-term financial value to a company or business. Intangible assets are intellectual property owned by a company that can be used to generate value for the business over time. You can determine that an asset has long-term financial value if you expect its value to last for at least a year or more.
Even if you can't physically see or touch an intangible asset, it can still have a significant impact on business value. For example, a well-known brand is an intangible asset that can increase a company's net worth by increasing the reach of the target audience and increasing sales.
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the impact of the recession of 2009 has seen slow recovery which lasted well into 2013. if an individual saves $5,700 and elects to place the total dollar ammount into a savings account earing 2.75 apr compounded monthly, how much will thr original deposit grow in 12 yearsd
The original deposit grow in 12 years is $ 7926.
Deposit growth means the fee of annual increase in an entity's deposits, aside from certificates of deposit (or other comparable deposit gadgets), for a monetary yr ending on a December thirty first taking place all through the overall performance Vesting duration.
Business bank deposits increased at a document pace in 2020 and into early 2021 reflecting accelerated precautionary saving via families and companies in response to the pandemic.
Increasing deposits is vital to sustainable, profitable increase techniques. In a rising charge surroundings that is coupled with strong monetary boom attaining deposit goals is the exceptional manner to control funding fees whilst enabling your financial institution or credit score Union to fulfill the lending wishes of your customers and participants.
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jim is haggling with a car dealer on the price of a used car. if the dealer is getting a bonus per sale made, in addition to the commission, the storekeeper’s a.disagreement value increases b.eagerness to agree increases c.disagreement value decreases d.both b
Since the car dealer receives commission on each transaction as well as a bonus for each one, he or she will make an effort to close as many deals as possible haggling.
As for this, even after talks, the dealer will attempt to sell the car for as little money as possible because there is a benefit to sales on both the value and the volume of sales. car dealer Because the customer must take into account and account the amount of repairs that need to be made to the automobile throughout the transaction process, the surplus sales of the car must decrease haggling. The car has numerous dings that need to be fixed, and the purchaser will take that into consideration. car dealer Less money will be required from the consumer, which will reduce the sales excess. The price elasticity of demand for cars is unitary, which means that any percentage rise or decrease in a product's price will result in an equivalent increase or decrease in the demand for the product. If automobiles cost $20,000 and the current sales volume is 30, then. haggling There must be a price cut in order to raise sales to 50 units.
How much of an increase in the amount to be sold do we have? 50 - 30 = 20 20/30 = 66.67 appx 67% Consequently, a 67% drop in the car's price will result in a 67% rise in sales volume. The car will cost $20,000 * 67%, which equals $13,400. The new price is $20,000 - $13,400, which is $6,600.
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the approach to ethics advocates that a manager in a multinational firm who sees other firms operating in the same nation not following ethical norms, may follow
The Naive Immoralist Approach to Ethics recommends a management in a multinational corporation who observes other corporations in the same country not upholding ethical standards.
Unrelated to its owners, a company is a separate legal entity. Numerous legal rights and obligations apply to businesses just like they do to people. They are able to make agreements, lend and borrow money, file lawsuits and defend them, appoint personnel, possess property, and pay taxes. Corporate entities are sometimes referred to as "legal persons." Unlike its owners, a company is considered to be a separate legal entity.
Numerous legal obligations and rights that apply to individuals also apply to corporations. Limited liability, which prevents a corporation's shareholders from being held personally liable for the debts of the business, is a crucial component. An individual or group of people with a common objective can form a corporation.
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Which is a conflict-resolution strategy where team members focus on their individual role in the conflict?.
Do not disregard conflict.
Make the problem more clear.
Get the Parties Involved to Talk Together.
What are the four approaches to resolving conflicts?Avoiding.
Compromising.
Competing.
Collaboration.
What are the three steps to resolving disputes?Organizations frequently experience task conflict, interpersonal conflict, and value conflict, in particular. The three different types of conflict can all benefit from specific conflict-resolution strategies, even though open communication, cooperation, and respect will go a long way toward conflict management.
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the potential benefit given up when selecting one alternative over another is a(n) blank cost. multiple choice question. sunk avoidable opportunity irrelevant
Opurtunity cost is the potential benefit given up when selecting one alternative over another is a(n) blank cost.
benefits are the potential benefit gains that a person, investor, or company forgoes by selecting one option over another. Opportunity costs are by nature invisible, thus it is simple to overlook them. It is possible to make better decisions by being aware of the potential benefit opportunities lost when a company or person selects one investment over another. Opportunity cost is the benefit that was lost due to a decision that was made otherwise.
The advantages and disadvantages of each choice must be evaluated against one another in order to correctly assess opportunity costs.
Opportunity costs can help people and businesses make more profitable decisions by guiding them in this direction.
Opportunity cost is a cost that is entirely internal and is considered in strategic planning.
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which would be found in an appraisal but not in a cma? a) description of the subject's amenities b) listing of current properties c) description of highest and best use d) adjustment of comparable sales
The answer is description of highest and best use. A CMA does not go to an appraisal's depth in describing highest and best use.
Personnel is the primary distinction between an appraisal and a CMA. A licensed appraiser performs an appraisal on behalf of the bank as opposed to a real estate agent who conducts a CMA. The bank will request a property appraisal after a buyer files for a loan to buy your house. Although appraisers employ comparison techniques like to a CMA, unlike real estate agents, bank appraisers have no financial stake in the home's sale. To make sure that the bank isn't loan the buyer more money than is necessary, the appraiser's visit is intended to establish your home's fair market value.
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econ 201 functions are often described as cause and effect in economics. in an economics function, if the variable is on the right-hand side and is doing the explaining, it represents ano ?
In an economics function, if the variable is at the right-hand aspect and is doing the explaining, it represents a effect.
The required details for variable in given paragraph
In programming, a variable is a price which could alternate, relying on situations or on statistics handed to this system. Typically, a application is composed of instruction s that inform the laptop what to do and information that this system makes use of whilst it's miles running. The information is composed of constants or constant values that in no way alternate and variable values . Usually, each constants and variables are described as certain information kind s. Each information kind prescribes and boundaries the shape of the information. Examples of information sorts include: an integer expressed as a decimal number, or a string of textual content characters, typically confined in length.
In item-orientated programming , each item includes the information variables of the class it's miles an instance of. The item's technique s are designed to address the real values which might be furnished to the item whilst the item is being used.
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according to the theory of comparative advantage, countries gain from trade because world output can rise when each country specializes in what it does relatively best. trade makes firms behave more competitively, reducing their market power. output per worker in each firm increases. every country has an absolute advantage in producing something.
According to the theory of comparative advantage, countries gain from trade because every nation has an absolute advantage in producing something.
An economy has a comparative advantage if it can produce a certain item or service at a lower opportunity cost than its trade counterparts. Comparative advantage is a theory that explains why trade is advantageous for businesses, nations, and people alike. Comparative advantage, as it relates to international commerce, refers to the goods that a nation can manufacture more readily or at a lower cost than other nations. Even while this often shows the advantages of trade, some modern economists now recognize that relying solely on comparative advantages can lead to resource exploitation and depletion in a nation.
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troy is interested in buying a particular stock whose current dividend per share is $1.10. troy estimates that the current dividend per share will increase at a rate of 2.15% per year forever. if troy's estimates are correct, what is the best estimate of the stock price per share if the required rate of return is 16.00%.
0.250180505 is the best estimate of the stock price per share if the required rate of return is 16.00%.
Stock Price =D1/(ke-g)
D1 =1.10*(1+2.15%) = 3.465
ke =16.00%
g =2.15%
Stock Price =(1.10*(1+2.15%))/(16.00%-2.15%) = 0.250180505 Per Share
The dividend growth rate is the annualized percentage rate of growth that the dividend of a given stock experiences over time. The dividends provided to investors on a monthly basis are something that many established companies aim to grow. For stock valuation models known as dividend discount models, knowledge of the dividend growth rate is a crucial input.The dividend discount model must be used, and this requires knowing how to calculate the dividend growth rate. A specific category of security-pricing model is the dividend discount model. The dividend discount model makes the assumption that a given stock's price is determined by the expected future dividends, discounted by the difference between the company's internal growth and the estimated dividend growth rate.Learn more about Dividend growth rate, here
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planters corp. wrote off a customer's uncollectible account in april. in the following month, planters collected from the customer in full. the entry to reinstate the account would require a
Planters corp would require a credit to Allowance for Uncollectible Accounts.
Allowance for uncollectible accounts is a balance-sheet contra asset account that represents accounts receivable that the company does not intend to collect. When clients purchase things on credit and fail to pay their bills, the selling corporation is required to write off the unpaid amount as uncollectible. Allowance for uncollectible accounts, also known as allowance for questionable accounts, is a type of expense that can be deducted as bad debt expense or uncollectible accounts expense.
Finding the appropriate amount for the provision for dubious accounts is not an easy task. Furthermore, it is the result of years of activity. Have financial documents that show how many accounts have not been gathered to produce a standard allowance.
Hence the account needs a credit allowance.
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Knowing your decision-making style does not really help you determine your strengths and weaknesses as a decision maker, but it can help you understand when a decision needs to be made. True or false?.
Knowing your decision-making style does not really help you determine your strengths and weaknesses as a decision maker, but it can help you understand when a decision needs to be made false.
whether you are main a team, a business enterprise or comparing your personal tasks, it is critical to recognize the way you arrive at a selection. Knowing this, you may be capable of examine if any other fashion is possibly higher in your profession or a selected situation.
Decision making is the choice of a technique to weigh options and discover a way to a hassle. The 4 types of selection making are directive, conceptual, analytical and behavioral options. Every chief has a choice of ways to research a hassle and are available to a solution.
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Analysis using a ppc the effect on an economic of an increase in the supply of labour
A model that illustrates the trade-offs related to allocating resources between the production of two things is called the Production Possibilities Curve (PPC).
What effects does the economy's growth have on PPC?The PPC model, which measures production possibilities, takes economic expansion into account. The production possibilities curve illustrates the maximum output of two items an economy is capable of generating, such as capital goods and consumer products. If production capacity has increased, that curve will change direction.
How may PPC be used to illustrate the law of escalating opportunity cost?Opportunity costs are fixed no matter how far down the curve you go when the PPC is a straight line. As you walk along the PPC while it is concave (bowed out), opportunity costs rise.
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the effective interest rate for bond issuance in may, 2020 was 2.02%. how much will it cost apple to serve its new debt annually? (put it differently, what is an interest expense related to the mentioned bond issuance?
The annual repayment of the new debt will cost $171.7 million. This is the interest expense related to the aforementioned bond issue.
The interest expense of the accounting unit is the cost of borrowing money. In the income statement, interest expense is a non-operating expense. The cost of borrowing money is referred to as interest cost. It is a fee charged by the lender to the borrower for the use of the lender's funds. Interest expense on the income statement can show debt from banks, bond investors, and other sources as well.
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at a sales level of 21,000 units, pony corporation has sales of $420,000, a variable cost ratio of 50%, and a profit of $88,000. what is the break-even point in units?
Based on the sales level, the variable cost ratio, and the profit, the break-even point in units can be found to be 12,200 units
How to find the break-even point in units?The break-even point in units can be found by the formula:
Break-even point in units = Fixed costs ÷ Contribution margin per unit
First, find the fixed costs. To do that, you need to use the formula:
= Sales - Variable Cost - Profit
= 420,000 - (420,000 x 50%) - 88,000
= 420,000 - 210, 000 - 88,000
= $122,000
Then, find the contribution margin per unit:
= Selling price per unit - Variable cost
= Selling price per unit x (1 - variable cost ratio)
= 420,000 / 21,000 x (1 - 50%)
= 20 x 50%
= $10
The break-even point in units is therefore:
Break-even point in units = Fixed costs ÷ Contribution margin per unit
= 122,000 / 10
= 12,200 units
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the first essential characteristic of a perfectly competitive market is this: buyers and sellers have so much competition, they have no ability at all to set their own
The first essential characteristic of a perfectly competitive market is this: buyers and sellers have so much competition, they have no ability at all to set their own price.
A flawlessly aggressive organization is referred to as a charge taker because the strain of competing companies forces them to simply accept the winning equilibrium charge withinside the marketplace. If an organization in a superbly aggressive marketplace increases the charge of its product with the aid of using a lot as a penny, it's going to lose all of its income to competitors.
The 3 number one traits of best opposition.
no organization holds a vast marketplace share, the enterprise output is standardized, there's freedom of access and exit. The green marketplace equilibrium in a great opposition is in which marginal sales equals marginal costLearn more about price here:
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when an account becomes uncollectible and must be written off allowance for doubtful accounts should be credited. accounts receivable should be credited. bad debt expense should be credited. sales revenue should be debited.
In accounting, when an account becomes uncollectible and must be written off, then, the accounts Receivable should be credited and debited to allowance for doubtful accounts.
What is an account uncollectible?
In accounting, an accounts uncollectible refers to those receivables, loans or other debts that have virtually no chance of being paid. Some account can become uncollectible for many reasons such as including the debtor's bankruptcy, an inability to find the debtor, fraud on the part of the debtor, lack of proper documentation to prove that debt exists. etc
The action that will be taken when an account becomes uncollectible and must be written off is explained as follows. Whenever the accounts to which a company makes credit sales default their payments at the maturity of the credit period, then, the amounts related to those accounts are written off in the income statement as a bad debt loss.
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the smithsonian institution exists to preserve historical and cultural items of value and to share those items with the public; it does not exist to maximize the wealth of any shareholders. this entity is organized as a(n) group of answer choices
the Smithsonian institution exists to preserve historical and cultural items of value and to share those items with the public; it does not exist to maximize the wealth of any shareholders. this entity is organized as not-for-profit corporation.
What is a not for profit corporation?This is the term that is used to refer to an establishment that was not created for the sake of making money.
The goal would be to offer services to the public but not for them to pay for the services that they are offered. Hence the people would be able to share in the historical value of this items but they are not allowed to pay to do so.
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complete question
The Smithsonian Institution exists to preserve historical and cultural items of value and to share those items with the public; it does not exist to maximize the wealth of any shareholders. This entity is organized as a(n)
cooperative.
quasi-government corporation.
S-corporation.
not-for-profit corporation.
closed corporation
__________ _________ compare alternatives using branching technque based on known quantitative data, explicit knowledge and object facts to make a decision.
The assertion is untrue. Because the decision-making process typically does not consider qualitative aspects, management decisions are mostly dependent on quantitative data.
managerial choices Making involves choosing a plan of action after weighing many choices in order to carry out a company enterprise's objectives. decision-making Problem-solving, planning, budgeting, staffing, training, organizing, and managing are all part of management decisions .
In contrast to the control selection problem, which asks what the decision-maker wants to do, the advertising and marketing studies dilemma asks what information is desired and how it might be best received. Research is to provide the data necessary for a reliable judgment.
Making decisions making is possibly the most important aspect of a manager's duties. It is the most important factor in the planning process. even though management choices, decide on a variety of issues, including what goals their company will pursue, what resources they'll use, and who will carry out each necessary task.
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What is the effect on the financial statements when writing off an uncollectible account under the allowance method?.
When debts are written off, they are removed as assets from the balance sheet because the company does not expect to recover payment. In contrast, some of the bad debt value remains as an asset.
An asset is a resource having economic worth that a person, organization, or nation owns or manages with the hope that it may balance sheet someday be useful.
A company's balance sheet lists its assets. They are divided into current, fixed, financial, and intangible categories. They are acquired or produced When debts are written off, they are removed as assets from the balance sheet because the company does not expect to recover payment. In contrast, some of the bad debt value remains as an asset to raise a company's worth or enhance its operations.
Whether it's a piece of manufacturing equipment or a patent, an asset can be looked of as anything that can, in the future, increase sales, lower costs, or generate cash flow.
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the government imposes a price control law which causes the market to trade at a new price, and at this price, the quantity demanded is less than the quantity supplied. what kind of price control did the government impose?
The government imposes a price control law which causes the market to trade at a new price, and at this price, the quantity demanded is less than the quantity supplied. what kind of price control did the government impose an effective price floor.
When the authorities impose a restriction on how excessive a charge can go quantity demanded, something that economists name a “charge ceiling,” there are feasible outcomes. If the charge ceiling is above the charge that could have existed withinside the loose market, then the charge ceiling has no effect. Price ceilings are normally imposed at some stage in crises—wars, harvest failures, herbal disasters—due to the fact those occasions regularly result in surprising charge will increase that harm many human beings however produce massive profits for a fortunate few.
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compared with the network evening news shows (those on abc, nbc, and cbs), cable news stations such as msnbc, fox news, and cnn offer more commentary and detail in their news product.
While network evening newscasts have stayed fairly constant throughout the years, the news programs that Americans watch on local television stations and national cable channels have altered substantially in recent years.
What change has been noticed?Local television newscasts have recently emphasized traffic, weather, and sports, even more, aired less edited package stories, and cut the lengths of stories—trends that might be a result of the industry's current economic challenges.
There is a growing fear that local TV news may be suffering some of the financial difficulties that have already hammered the newspaper sector as younger people are tuning out local newscasts.
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What was the most important export to come from africa through the triangular trade route?.
Rum was the most important export to come from africa through the triangular trade route.
Why was the triangular trade important?Important information about the Triangular Trade consist of : The Triangular Trade was a trading route that promotes the transport of imports and exports between Great Britain, Africa, the Caribbean, and America. The route was a supporter of British colonialism between the 1500s and 1700s and largely funded the British economy.
How did Europe benefit the most from the triangular trade?Triangular trade benefited European nations as it opened new markets for their own goods while also allowing them to obtain trade commodities that may be exchanged for goods produced in the West Indies.
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(03.06 MC) Which of these is an example of the broad economic goal of growth?
The federal government awards technology development contracts to U.S. businesses.
Thus, the correct option is C.
What is economic goals?The desired core elements of a mixed economy are economic objectives.
The main objectives of the economy are, in general, to achieve full employment, economic growth, economic stability, equality, and increased effectiveness. Notably, each nation has its own set of economic objectives.
Efficiency, equity, economic freedom, full employment, economic growth, security, and stability are some examples of national economic goals.
Economic goals are not always compatible with one another; the price of achieving any one goal or set of goals is having fewer resources available to devote to the other goals.
Economic stability is the most crucial economic objective. This is so that other macroeconomic goals can be attained, which is made possible by economic stability.
Prices may fluctuate if the economy is not stable; this may lead to inflation or deflation, which will affect the currency effect.
Market economies, planned economies, centrally planned economies, socialist economies, and communist economies are the various types of economic systems.
The ownership of economic resources and the distribution of those resources define all of these.
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