mr. smith has recently proposed an offer to bill for the purchase of bill's small family owned drug store. smith wants this deal so he can add to his drug store chain empire. bill refuses smith's offer. smith then lowers all of his prices to extreme lows at his drug stores around bill's store. bill is no longer making money and is now forced to accept smith's deal. what is this an example of?

In order for a monopolist to be earning a profit, price must be greater than average total cost.

In order for a monopolist to be earning a profit, the price must be greater than the marginal cost.

What is a Monopoly?

A monopoly is a condition where there is only one producer or seller of a commodity. Monopolies can develop due to various reasons such as economies of scale, government regulations, and barriers to entry such as patents, copyrights, and licensing agreements. Monopolies can be characterized by price-setting power where they can either charge a higher price to generate more profits or lower the price to increase demand for their product.A monopolist maximizes profit by equating the marginal cost to marginal revenue. Marginal cost is the additional cost of producing one extra unit of a commodity while marginal revenue is the additional revenue generated by selling one extra unit of a commodity. In order to maximize profit, a monopolist should produce up to the point where marginal cost is equal to marginal revenue.In order for a monopolist to earn a profit, the price must be greater than the marginal cost. The average total cost is the total cost of production divided by the total output. Average total cost does not have any bearing on the pricing decision of a monopolist.

Hence, the correct answer is that price must be greater than the marginal cost.

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When prices are increasing, the FIFO method has a lower net income than the LIFO method.

The first-in, first-out (FIFO) and last-in, first-out (LIFO) are two methods used in inventory management to account for the cost of goods sold (COGS). LIFO assumes that the last items bought are the first ones to be sold, while FIFO assumes that the first items bought are the first ones to be sold.As the cost of goods increases, LIFO will produce a higher COGS and, as a result, a lower net income than FIFO.

When the price level increases, the LIFO method will result in a higher COGS, lower taxable income, and a lower tax payment, which is why many firms use it. As a result, when costs are increasing, the FIFO method is superior because it results in a lower COGS and a higher taxable income.

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One recruiting approach that enables an organization to combine the elements of both internal and external methods of recruiting is a "promote from within" program.

Under this approach, the organization first seeks to fill job openings with internal candidates who have the necessary skills and qualifications. This promotes employee loyalty and career advancement opportunities, while also benefiting the organization by allowing it to retain talented and experienced employees.

However, if suitable internal candidates are not available or do not meet the required qualifications, the organization can then look externally to fill the position. This allows the organization to tap into a wider pool of talent and potentially bring in fresh perspectives and ideas.

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The correct answer is (a) ii only. The relationship between sales and cost of goods sold is directly proportional, meaning that as sales increase, cost of goods sold also increases.

This is because more sales mean more inventory is sold, and cost of goods sold is the cost of that inventory sold.

The relationship between sales and sales returns/allowances is inversely proportional, meaning that as sales increase, sales returns/allowances decrease. This is because a higher level of sales means a smaller percentage of returns/allowances.

The relationship between sales and accounts receivable is not necessarily proportional, as it depends on the company's credit and collection policies.

The relationship between sales and inventory is also not necessarily proportional, as it depends on the company's inventory management practices.

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If the average price of a three-bedroom house was $80,000 in 1950 when the CPI was 15.2, it would cost in 2017 after correcting for inflation is 1089474 if the CPI in 2017 was 207. So the option B is correct.

The average price of a three-bedroom house was $80,000 in 1950.

The CPI was 15.2.

We have to determine what it would cost in 2017 after correcting for inflation if the CPI in 2017 was 207.

If at the CPI of 15.2 the house worth $80,000.

So, at the CPI of 207 the house worth = 207 × $80,000/15.2

At the CPI of 207 the house worth = 16,560,000/15.2

At the CPI of 207 the house worth = 1089474

Option B is correct choice.

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earnings per share, return on sales, and return on equity are all examples of profitability ratios.

The correct answer is a. profitability ratios.

A company's profitability can be determined by looking at its earnings per share (EPS), return on sales (ROS), and return on equity (ROE).

Whereas ROS calculates the percentage of each dollar of sales that are used for profit, EPS calculates the amount of profit made per share of stock. The return on equity (ROE) evaluates the profit generated per dollar of shareholder equity.

Profitability ratios assist analysts and investors in determining a company's capacity for profit-making as well as its general financial performance.

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A tax on heating oil is expected to cause a deadweight loss in year five that is greater than in year one. The elasticity of demand is rather low in the first year for oil furnaces due to the possibility that owners may put off selling them for some time.

Provided statement  is FALSE

As the demand for heating oil grows more elastic, it is possible that the deadweight loss from the tax would be lower in the fifth year after it is implemented than in the first. It is impossible to tell with certainty if this claim is false, however, without knowing more about the mechanics of the tax and the heating oil market.

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The poor internal accounting control feature is combining authorization with custodianship. Here option C is the correct answer.

Combining authorization with custodianship means that the same person who has the authority to approve a transaction is also responsible for executing and recording it. This can create a conflict of interest and increase the risk of fraud or error going undetected.

For example, an employee who is responsible for approving and recording a sale may also have access to the cash or inventory involved in the transaction, which could lead to theft or manipulation of records.

In contrast, rotation of personnel, segregation of duties, and internal auditing are all good internal accounting control features. Rotation of personnel involves periodically switching the job responsibilities of employees to minimize the risk of fraud and collusion.

Segregation of duties involves separating key tasks, such as authorization, custody, and recording of transactions, among different employees to prevent any one person from having too much control over a process. Internal auditing involves regular reviews of a company's financial records and controls to identify potential weaknesses and areas for improvement.

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To create a successful BI and Analytics program, Argosy should put in place a comprehensive data architecture, data governance framework, and analytics tools and capabilities.

In order to create an environment for a successful BI and analytics program, Argosy must put into place several key components.

The first component is an understanding of the data that Argosy has available. This involves creating a comprehensive inventory of the organization’s data sources and determining what data is available, and how it can be used to support BI and analytics initiatives.

The second component is the development of an effective data governance framework. This framework should include data stewardship, roles and responsibilities, as well as policies and procedures for collecting, managing, and using data.

The third component is the implementation of an analytics platform. This platform should include a data warehouse, an ETL process, and a data visualization tool. The platform should be able to store, retrieve, and process data in order to provide insights and inform decision-making.

The fourth component is the development of a BI strategy. This includes defining objectives and setting goals for the BI program. It should also include a road map for the implementation of the program, and should define the roles and responsibilities for the staff involved in the program.

Finally, Argosy must ensure that the people involved in the program have the appropriate skills and

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Production of consumer goods like cars boomed during the second world war bought an end to the great depression. Thus, Option (D) is the correct answer.

Although manufacturing, employment opportunities, etc. helped to mobilize economy which led to widespread economic prosperity around the globe.  

World War II thus brought the unparalleled prosperity of the postwar era, allowing for wartime inflation and shortages, the new employment opportunities and higher incomes produced increased consumer spending and rising living standards.

Economic mobilization not only lead to widespread prosperity, rising living standards, and new opportunities, but also helped to enhance and institutionalize the economic and political power of big business, big farming, and big labor.

However, the great war had a multifaceted impact on the global economy, though it lifted the Great Depression of the 1930s.

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Adverse selection is the name for the economic issue in this narrative. It increased its motorhome insurance rates to reflect the riskier drivers.

The social science of economics examines how products and services are made, distributed, and consumed. Economics is the study of scarcity and its effects on resource use, the creation of commodities and services, the expansion of production and welfare over time, as well as a host of other intricate issues of utmost significance to society. Economics is the study of how people allocate limited resources for production, distribution, and consumption among individual and community uses. Economics has two subfields: macroeconomics and microeconomics. The basic objective of economics is to maximize exchange and production efficiency. A 20th-century definition of economics by English economist Lionel Robbins was "the field that evaluates human behavior as a link between scarce resources that have alternative uses and (given) purposes."

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The tool that would provide Nick with daily information about each employee's rate, accuracy, and time spent entering data is an "electronic performance monitoring system". The correct option is A.

An electronic performance monitoring system is a tool used to monitor and record employees' work activities, such as the time they spend on tasks, their productivity, and the accuracy of their work. This system can track keystrokes, mouse movements, and the time spent on each task. It can also generate reports and provide data on employees' performance, which can be used for performance evaluation, training, and feedback.

The reason of using an electronic performance monitoring system, Nick can obtain daily information about each employee's productivity, accuracy, and time spent entering data. This will enable him to identify any issues or inefficiencies in the team's workflow and take corrective actions as necessary. Additionally, the system can help Nick to provide feedback and coaching to his team members to improve their performance and productivity.

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Regarding the question of Walmart and sustainability, Walmart is taking steps to become more sustainable, Walmart has been accused of mistreating employees and Walmart has taken several measures to address the issue.

Regarding the question of Walmart and sustainability, Walmart is taking steps to become more sustainable. In the year 2005, they declared a corporate sustainability campaign named "Sustainability 360," which aims to lower carbon emissions and waste while also increasing the efficiency of its supply chain.

Walmart has also launched several initiatives aimed at reducing its carbon footprint. For instance, they have been working with suppliers to enhance sustainability in their operations, which has resulted in significant environmental advantages.

Walmart's commitment to sustainability is demonstrated by its efforts to create zero waste and use only renewable energy, among other things.

Walmart has confronted various ethical issues throughout the years. Walmart has been accused of mistreating employees, discriminating against female workers, forcing suppliers to lower their prices to meet Walmart's demands, and opposing unions.

Walmart has also been accused of violating the law by using undocumented workers, violating child labor regulations, and polluting the environment.

Regarding the issue of Walmart's misconduct, Walmart has taken several measures to address the issue. They created a Global Ethics Office in 1992 to ensure that ethical values are integrated into their daily operations. Walmart has implemented an open-door policy, which allows employees to voice their concerns and report misconduct.

Walmart has also established a compliance team to identify areas of risk and prevent violations of the law. In addition, they have launched an anti-corruption program aimed at preventing bribery and other forms of corruption. Walmart has also created an ethics hotline, where employees can anonymously report concerns.

These are some of the ways Walmart is trying to address misconduct.

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When the interest rate increases, the quantity of loanable funds supplied decreases. As the interest rate increases, the opportunity cost of lending rises, prompting lenders to limit their supply of loanable funds.

For instance, if a loan's interest rate is 10 percent, a lender can earn a 10 percent return on their investment. If interest rates rise to 15 percent, a lender will have an opportunity to earn a 15 percent return on their investment.

As a result, the opportunity cost of lending has increased. Because of this, the quantity of loanable funds supplied decreases.The loanable funds market refers to the interaction of lenders and borrowers in the market.

In order to lend money, lenders must have available funds, and borrowers must require funds to borrow money. In the loanable funds market, the supply of loanable funds is represented by the savings rate, while the demand for loanable funds is represented by the investment rate.

As a result, any increase in interest rates will result in a decrease in the quantity of loanable funds supplied. The relationship between the interest rate and the quantity of loanable funds supplied is inversely related.

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The ways to increase the capacity of a bottleneck are investing in additional machines at the bottleneck and shifting workers from processes that are not bottlenecks to the process that is the bottleneck. The correct options are:investing in additional machines at the bottleneckshifting workers from processes that are not bottlenecks to the process that is the bottleneck

A bottleneck in production is defined as a process that, due to capacity constraints, becomes a limiting factor in the flow of products through a manufacturing plant. A bottleneck can be caused by a variety of factors, including suboptimal machine and labor capacity, inaccurate scheduling and planning, and excessive waiting times between production stages.A bottleneck can be resolved by increasing its capacity. The following are some ways to increase the capacity of a bottleneck:Investing in additional machines at the bottleneck: By investing in more machines, the bottleneck's capacity can be increased, for more products to flow through.Shifting workers from processes that are not bottlenecks to the process that is the bottleneck: By reallocating labor to the bottleneck, the process's capacity can be increased, allowing for more products to flow through.\

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The kind of economic policy expected to return the economy to full business when there is either a recessionary or inflationary gap a recessionary gap requires more government spending and an inflationary gap requires less government spending. option (B) is correct.

A recessionary gap is a situation in which the balance level of genuine Gross domestic product is not exactly the full business level. In this condition, the total interest is lower and there is a lack of total interest.

An inflationary gap happens when the balance level of the genuine Gross domestic product is more noteworthy than the full work level. There is a more elevated level of the total interest in the economy, so there is a need to bring down government spending or increase government rates to decrease total interest.

Therefore, option (B) is correct.

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This question is not complete, Here I am attaching the complete question:

According to Keynes, what type of economic policy is needed to return the economy to full employment when there is either a recessionary or inflationary gap?

A. A recessionary gap requires less government spending as does an inflationary gap.

B. A recessionary gap requires more government spending and an inflationary gap requires less government spending.

C. A recessionary gap requires less government spending and an inflationary gap requires more government spending.

D. A recessionary gap requires more government spending as does an inflationary gap.

When there is an adverse (negative) short-run aggregate supply shock due to an increase in the price of natural resources and the government pursues no policy to address the supply shock.

The correct option is C)inflation will rise and nominal wages will fall.

Inflation will rise and nominal wages will fall in the long run .A supply shock can be defined as an unexpected occurrence that alters the supply of a good or service.

An increase in the price of natural resources is one such occurrence that has the potential to cause an adverse (negative) short-run aggregate supply shock.In the short term, the AS curve shifts leftward, causing higher prices and lower output.

In the long run, however, the price level settles at a new equilibrium point. The economy may take various paths to reach this long-term equilibrium, and the government can implement various policies to speed up the process.Aggregate demand and supply determine inflation and economic output.

As a result, any impact on one of the two can have a ripple effect on the other. When there is an adverse (negative) short-run aggregate supply shock due to an increase in the price of natural resources and the government pursues no policy to address the supply shock, inflation will rise and nominal wages will fall in the long run.The correct option is C)

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The expected net present value of the business is $1.625 million; therefore, you should invest.

A decision tree is a visual representation of every potential outcome for a choice based on specific criteria. It makes the expected value of prospective capital budgeting decisions clearer.

A decision tree can be depicted as follows:

By dividing each potential result by its chance and adding up all the outcomes, one may determine the estimated net present value of the company. The expected net present value of the business is:

(0.4 × $3 million) + (0.25 × $1.5 million) + (0.35 × $1 million) = $1.625 million

Since the expected net present value of the business is greater than $2 million, you should invest.

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If aggregate production is greater than aggregate expenditures, then "there will be an increase in inventories. The correct option is B.

If aggregate production is greater than aggregate expenditures, there will be excess supply. Firms would then hold onto the unsold goods, which would increase inventories. An increase in inventories may have a positive impact on the economy.

It can be argued that an increase in inventories represents positive expectations about the future since producers anticipate that they can sell more goods in the future if the goods are held in inventory. As a result, increased inventories are seen as a harbinger of future economic expansion.

In addition to the increase in inventories, if aggregate production is greater than aggregate expenditures, there may be downward pressure on prices. As a result, producers may attempt to reduce prices to boost sales. Furthermore, there could be a decrease in profits, which could discourage future production.

Option B is the correct answer.

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When recording long-term notes receivable, B. Long-term notes receivable are recorded at the fair value of the property, goods, or services or the fair value of the note receivable, whichever is more clearly determinable.

When accounting for long-term notes receivable, it is important to determine the value at which they should be recorded. This is done by comparing the fair value of the property, goods, or services that the note is linked to with the fair value of the note receivable itself.  fair value is the most accurate representation of an asset's worth in the marketplace.

By recording long-term notes receivable at fair value, businesses can ensure that their financial statements accurately represent the value of the assets they hold. This allows for better decision-making and more accurate assessments of financial health. Additionally, recording at fair value ensures that the transaction is recorded consistently allowing for easier comparisons with other financial information.


In summary, long-term notes receivable should be recorded at the fair value of the property, goods, or services, or the fair value of the note receivable, whichever is more clearly determinable. This practice ensures accuracy and consistency in financial reporting, ultimately helping businesses make better decisions based on their financial position.  Therefore the correct option is B

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There is often limited capacity relative to demand in the early growth period of an industry because the industry is still in its infancy and has not yet established a mature infrastructure to support high levels of production and distribution.

Capacity is the maximum amount or number of things that something can produce or contain. In business, capacity refers to the ability of a company or organization to produce goods or services to meet consumer demand. Capacity is a significant factor in the profitability and competitiveness of a company. In the early growth phase of an industry, it's common for there to be a gap between the demand for goods or services and the industry's capacity to produce them.

This is because the industry is still in its early stages of development and has yet to establish a mature infrastructure to support high levels of production and distribution. As a result, there is often limited capacity relative to demand in the early growth period of an industry.

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Based on the given information, the gross profit is $84,000. Therefore, the correct option is 1.

Gross profit refers to the difference between a company's total revenue and its total cost of goods sold, which is calculated by subtracting the cost of goods sold from the total revenue. In the given case,

Sales revenue $ 345,000

Accounts receivable 55,000

Ending inventory 112,000

Cost of goods sold 239,000

Sales returns 22,000

1. Subtract sales returns from sales revenue: $345,000 - $22,000 = $323,000 (adjusted sales revenue)

2. Subtract cost of goods sold from adjusted sales revenue: $323,000 - $239,000 = $84,000

The gross profit is $84,000. Hence, option 1 is the correct answer.

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The proper response, that is, is to collect signatures from authorization cards. (a). The initial action that Frank and his colleagues must take is to obtain the authorization cards' signature.

A person who has been granted permission to sign papers on behalf of the authorising company is referred to as an authorised signatory or signer. The document must be signed by both sides. As a result, it has judicial significance. Such a letter can be used as evidence in court if and when a legal problem arises. The letter should be signed by the individual receiving care, or by the carer on their behalf.When signing a letter on someone else's account, the Latin phrase per procurationem is abbreviated as pp.

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QUESTION

(a) collecting authorization card signatures

(b)campaigning for election

(c) becoming certified

d) petitioning for election

The present value (PV) of $300,000 received seven years from now, assuming the interest rate is 9% per year is $164110. The correct answer is C. $164,110.

The present value (PV) can be calculated using the formula:
[tex]PV = FV / (1 + r)^n[/tex]

Where:
- PV is the present value
- FV is the future value ($300,000 in this case)
- r is the interest rate (0.09 for 9% per year)
- n is the number of years (7 years in this case)

Step-by-step calculation:
1. Convert the interest rate to a decimal: 9% = 0.09
2. Add 1 to the interest rate: 1 + 0.09 = 1.09
3. Raise the result to the power of the number of years: [tex]1.09^7 = 1.8281[/tex]
4. Divide the future value by the result from step 3: $300,000 / 1.8281 ≈ $164,110

So, the present value (PV) of $300,000 received seven years from now, assuming the interest rate is 9% per year, is approximately $164,110. The correct answer is C. $164,110.

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U.S. corporations are not allowed to issue bearer bonds. The correct answer is option A.

Bearer bond is a negotiable financial instrument with no recording of ownership, and the security is payable to whoever physically holds it. It is also referred to as a coupon bond.

They are generally only issued by foreign corporations since the SEC has restrictions in the United States for their issuance. As a result, U.S. companies are not allowed to issue bearer bonds.

Since the SEC has limitations on their issuance in the United States, U.S. companies are not allowed to issue bearer bonds. Only foreign corporations can issue bearer bonds. Thus, the right choice is option a. are not allowed to issue bearer bonds.

Treasury bonds, often known as T-bonds, are long-term debt securities with maturities of more than ten years issued by the US government. T-bills, on the other hand, are short-term securities with maturities of less than one year.

The US Department of the Treasury issues both of them. U.S. corporations are allowed to issue treasury bonds but not t-bills.

Therefore, the option that says that U.S. corporations are allowed to issue treasury bonds but not t-bills is incorrect, making option d wrong as well. The correct answer is option c.

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The Industries that are made up of many "competing-producers", each selling a differentiated product, and whose firms earn zero economic profits in the long run are called monopolistic competition.

In a monopolistic competitive-market, each firm produces a slightly different product that is not perfect substitutes for its competitors' products.

This allows firms to have some pricing power, but they still face competition from other firms offering similar products.

As a result, firms cannot charge higher prices without losing market share to their competitors, which keeps profits in check in the long run.

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The given question is incomplete, the complete question is

The industries that are made up of many competing producers, each selling a differentiated product, and whose firms earn zero economic profits in the long run are called as ?

There are many possible measures of maintenance department productivity. Some common measures include downtime reduction, preventive maintenance compliance, maintenance cost per unit, and response time.

Downtime reduction: This measures the amount of time that equipment or facilities are out of service due to maintenance activities. A reduction in downtime can indicate improved maintenance productivity.

Preventive maintenance compliance: This measures the percentage of scheduled preventive maintenance tasks that are completed on time. A high level of compliance can indicate effective planning and execution of maintenance activities.

Maintenance cost per unit: This measures the total cost of maintenance activities divided by the number of units produced. A reduction in maintenance cost per unit can indicate improved efficiency and cost-effectiveness of maintenance activities.

Response time: This measures the amount of time it takes for the maintenance department to respond to and resolve maintenance requests. A reduction in response time can indicate improved responsiveness and efficiency of maintenance activities.

Each of these measures has its own pros and cons. For example, downtime reduction and preventive maintenance compliance can provide useful information about the effectiveness of maintenance planning and execution, but may not capture the full range of maintenance activities or costs. Maintenance cost per unit and response time can provide useful information about the efficiency and cost-effectiveness of maintenance activities, but may not capture the full impact of maintenance on equipment reliability or production quality.

To improve maintenance productivity, several steps can be taken. These may include implementing a preventive maintenance program to reduce downtime and improve equipment reliability, using data analysis to identify and address common maintenance issues, providing training and development opportunities for maintenance personnel to improve their skills and knowledge, and implementing performance metrics and incentives to encourage continuous improvement in maintenance productivity.

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Rather than looking for an existing opportunity, entrepreneurs search for work. This statement is false.

An entrepreneur is a person who is self-employed and has started their own company. Entrepreneurs are usually motivated by the prospect of creating something new and solving problems that others have failed to address.

Entrepreneurs, on the other hand, are always on the lookout for new business opportunities and ways to expand their companies.

Entrepreneurship can be difficult, and the majority of new businesses fail within the first few years of operation. However, those who succeed as entrepreneurs have a few things in common.

Successful entrepreneurs are typically passionate about their work, have a strong understanding of their market and target audience, and are willing to work tirelessly to achieve their objectives.

They are resourceful, adaptable, and capable of identifying and seizing opportunities that others have overlooked.

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Answer:

False, they look for opportunities. I struggled to find the answer too in the lesson. You can find it in Lesson 4 of the Culinary Business and Entrepreneurship unit.

Explanation:

" Rather than looking for work, entrepreneurs search for existing opportunity. Part of this effort comes from researching the environment—what’s hit big, what hasn’t—and identifying places where a void needs to be “filled” by something new. "

The potential returns are the dividend plus the end-of-year stock price minus the beginning-of-year stock price, divided by the beginning-of-year stock price.

To calculate the expected return with the stock price, we need to find the weighted average of the potential returns based on their probabilities.

For the boom scenario: (2 + 50 - 40) / 40 = 0.3 or 30%

For the normal economy scenario: (1 + 43 - 40) / 40 = 0.1 or 10%

For the recession scenario: (0.5 + 34 - 40) / 40 = -0.15 or -15%

Therefore, the expected return is (0.3 x 1/3) + (0.1 x 1/3) + (-0.15 x 1/3) = 0.05 or 5%.

To calculate the standard deviation of the return, we first need to find the variance of the return. The variance is the sum of the squared deviations from the expected return, multiplied by their probabilities, divided by the number of scenarios minus one.

For the boom scenario: (0.3 - 0.05)² x 1/3 = 0.00375

For the normal economy scenario: (0.1 - 0.05)² x 1/3 = 0.000625

For the recession scenario: (-0.15 - 0.05)² x 1/3 = 0.005625

The variance is the sum of these values, which is 0.009. Therefore, the standard deviation of the return is the square root of the variance, which is 0.095 or 9.5%.

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Horizontal integration is a business strategy where a company acquires or merges with a competitor that operates in the same stage of the value chain.

The aim of horizontal integration is to increase market share, reduce competition, and achieve economies of scale by combining resources, capabilities, and expertise. This strategy allows the company to expand its operations in the same industry and gain access to new markets and customers. Horizontal integration can also lead to cost savings by eliminating duplicated functions and streamlining operations. However, it can also lead to antitrust concerns if it results in a dominant market position and reduces competition.

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