an entrepreneurial team consists of experienced professionals from different areas of business.
What is entrepreneurial team?An entrepreneurial team is “composed of two or more people who have a financial and other interest and are committed to the future and success of the company. The entrepreneurial team and those who are accountable to the company, those who are considered to be responsible for management in the early stages of the company, including its incorporation and pre-incorporation, and they are social recognized by oneself and others as a unit” (Schjoedt and Kraus 2009:515). Together they therefore create a company that is partners, employees and members of the management team. According to the definition of teamwork (Brandstätter 1997), an entrepreneurial team must meet two of her criteria: Company ownership and responsibility for its performance. However, gaps remain in researching the right mix of ideal team competencies. Despite the growing trend toward teamwork, lists of the best competencies at the individual level are often used (Chen and Chang 2010; Delamare and Winterton 2005; Hafeez and Essmail 2007).learn more about entrepreneurial team here:
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To prepare for an interview, you should practice
how you will introduce yourself to the hiring manager
how you will leave the interview room
what you memorized from the company website
what you will say to the receptionist when you arrive
Answer:
You should practice how you will introduce yourself.
The hiring manager is important, and first impressions are vital as they are the base for getting hired or not.
Answer:
I believe its how you will introduce yourself to the hiring manager. Great first impressions are important...
Explanation:
a high value for the times interest earned ratio means that a company is a lower risk borrower.a. trueb. false
The statement is True. A corporation is a lesser risk borrower if the times interest earned ratio is high.
What Is Times Interest Earned Ratio? The times interest earned ratio measures a company's solvency by determining if it generates enough revenue to cover its debt. It specifically contrasts the revenue generated by a business before taxes and interest with the interest costs associated with its debt obligations.The ability of a business to make debt payments on time is gauged by the interest coverage ratio or times interest collected. EBIT or EBITDA divided by the total interest expense might be used to determine it.A lower times interest earned ratio indicates that there are fewer earnings available to cover interest payments, making the company more susceptible to increases in interest rates and the inability to repay its outstanding debts.Divide income by the total amount of interest due on bonds or other types of debt to arrive at this ratio. You'll see a number that ranks the company's capacity to pay interest charges with pre-tax earnings after performing this calculation.To learn more about Interest Earned Ratio refer :
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A known liability arises from a situation with little uncertainty, with set agreements, contracts, or laws. These liabilities are measurable. Known liabilities would include all of the following items, except:_____.
a. warranties.
b. notes payable.
c. accounts payable.
d. payroll obligations.
e. unearned fees.
A known liability arises from a situation with little uncertainty, with set agreements, contracts, or laws. These liabilities are measurable. Known liabilities would include all of the following items, except:a. warranties.
Liability is a term in accounting that is used to explain any kind of financial responsibility that a business has to pay on the end of an accounting duration to a person or a commercial enterprise. Liabilities are settled by using moving monetary blessings such as money, goods or services.
Liabilities are any money owed your business enterprise has, whether it is financial institution loans, mortgages, unpaid payments, IOUs, or every other amount of money which you owe someone else. in case you've promised to pay someone a amount of cash in the destiny and have not paid them yet, it truly is a liability.
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If a firm's beta was calculated as 1. 35 in a regression equation, a commonly-used adjustment technique would provide an adjusted beta of:.
The adjusted beta is an estimate of a security's future beta.
It makes use of the historic information of the stock, however assumes that a security's beta moves toward the market average over time. It weights the historic uncooked beta and the market beta. The formula is as follows: Adjusted beta = (.67) * Raw beta + (.33) * 1.0.
What is Fundamental Beta?Beta is the dimension of expected return between a stock and the market. Normally we expect that the past is going to signify the future and therefore historic betas are calculated the usage of only historical returns volatility.
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https://brainly.com/question/17057988#SPJ447. Indian economy is a mixed economy as it consists of both privately owned and
government owned business enterprises. Therefore, we can classify the Indian economy
into two sectors, viz, Private Sector and Public Sector. In a capitalistic economy, the
private sector is dominating, while in a socialistic economy, the public sector is
dominating. In a mixed economy, both the private sector and public sector go hand in
hand.
. In the light of the above paragraph explain Indian economy?
Yes, the Indian economy is a mixed economy which consists of two sectors viz, Private Sector and Public Sector.
What is the Indian economy?The economy of India is a mixed middle-income developing social market economy. It is the world's fifth-largest economy by nominal GDP and third-largest economy by purchasing power parity.The essential characteristics of developing economies are overpopulation, extreme poverty or below the poverty line, poor infrastructure, agriculture-based economies, slow pace of capital development, and low per capita income.The Indian economy is characterized by a low real per capita income rate, a high population growth rate, and a high degree of dependence on the primary industry. Covid 19 has had a negative impact on the Indian economy. The Covid pandemic has led to industry shutdowns and subsequent job losses.An economy is a system of interconnected production and consumption activities that ultimately determine the allocation of resources within a group. The production and consumption of goods and services as a whole meet the needs of the people who live and work there.to know more about the Indian economy refer to
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one more..please..i need it
1. Concept artists collaborate with directors and production designers to visualize a film's vision. To create a CG creature or object, they collaborate closely with look development teams, as well as experienced lighting artists and modeling artists.
Once the script is finalized and pre-production begins, directors frequently hire artists to create the film's visual aesthetic.
2. Higher resolutions have more pixels per inch (PPI), which means more pixel information and a higher-quality, crisp image. Lower resolution images have fewer pixels, and if those few pixels are too large (typically when an image is stretched), they can become visible.
3. Kinematics is the study of the motion of mechanical points, bodies and systems without consideration of their associated physical properties and the forces acting on them. The study is often referred to as the geometry of motion, and it models these motions mathematically using algebra. In kinematic animation the objects are moved according to a set of given equations for the velocities or the accelerations at certain points of the objects. This procedure results in a realistic animation only if the prescribed velocities and accelerations were derived from a complete dynamic physical model.
4. Role: Creative Director
Function: Creative directors have almost always worked in animation for some time and have experience sourcing, casting, and creating various animation teams before encouraging consistent, high-quality performances from them.
This position piques my interest. Because it not only provides a large playing field for a variety of creative interventions, but it also aids in the development of important interpersonal skills such as networking and leadership.
5. An graphic tablet is a PC input gadget that is much of the time a non-show tablet, implying that it doesn't have a presentation screen; rather, graphic tablets include a drawing surface that specialists might draw on with a Stylus.
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When making keep or replace decisions, management should consider the: (check all that apply. ).
The trade-in allowance on the outdated equipment should be taken into account by management when deciding whether to keep or replace it.
What is trade-in allowance ?When you trade in your old vehicle, the dealer will deduct an allowance from the price of your new vehicle. This is comparable to a credit from the sale of your old car that can be applied to the cost of your new car.
The selling of automobiles is one of the most typical instances of a trade-in allowance being used. Car lots may promote a certain minimum trade-in allowance to anyone who buys a new car or truck as part of their sales strategy.
Discounts and allowances are the terms for incentives used to encourage sales and payments, respectively. Companies in the retail and wholesale sectors most frequently use discounts.
Trade-in allowances are financial rewards used in a wide range of industries. In essence, it refers to the amount by which a seller lowers the price of new property in exchange for acquiring property already owned by the buyer.
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You contributed $4,000 to your roth ira this year. If you are in the 15% marginal tax bracket, what will be the tax benefit you receive this year from your contribution?.
This year, you made a $4,000 contribution to your Roth IRA. if you fall within the 15% tax level. Your contribution has no tax benefit for you this year.
Define the term Roth IRA?The Individual Retirement Account (IRA) that accepts after-tax contributions is known as a Roth IRA.
Your contributions and gains can grow tax-free, allowing you to withdraw these tax- and penalty-free after reaching the age of 5912 and five years after the account's opening, even though there are no benefits for the current tax year.
A Roth IRA also has the following additional benefits:
No restrictions on contribution age. If you have an eligible earned income, you may contribute at any age.No Minimum Distributions Required (RMDs). Because there are no required withdrawals, your funds can keep growing even beyond retirement.Taxes are not due on inherited Roth IRAs. Your heirs' withdrawals from your Roth IRA will not be subject to income tax if you leave it to them.This year, you made a $4,000 contribution to your Roth IRA. if you fall within the 15% as marginal tax bracket.
Since Roth retirement plans do not provide a tax benefit from the year of contribution, the tax benefit from your contribution this year is zero.
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charlie, being environmentally conscious, wanted to reduce the number of printed copies of his company's annual newsletter. therefore, he printed a few copies and kept them on the reception counter for the office guests to read. what format should he use instead, if he truly wants a green company?
Charlie should use online format instead, if he truly wants a green company. Companies that utilize green marketing emphasize how their goods or services are good for the environment.
What is the meaning of green company?A green business makes the assertion that its actions minimize harm to the environment. Many businesses are taking steps to become more environmentally conscious or "green" as global warming picks up speed and is discussed by world governments more frequently.
Improving brand reputation, consumer loyalty, and employee morale are less obvious advantages. Patagonia, Starbucks, Nike, IKEA, and Timberland are a few of the businesses that are renowned for having some of the best instances of green marketing.
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codes of ethics state the engineer's duties to society, to employers, to clients, to colleagues, to subordinates, and to the profession. however, when these duties conflict, which group should take precedence?
Codes of ethics outline the engineer's responsibilities to society, employers, clients, colleagues, subordinates, and the profession. When these duties collide, Society (the public) should take precedence.
Ethics, sometimes known as moral philosophy, is a discipline of philosophy that "involves systematizing, defending, and recommending conceptions of good and wrong action." Axiology is a branch of philosophy that includes the fields of ethics and aesthetics. Ethics aims to answer issues about human morality by defining notions such as good and evil, right and wrong, virtue and vice, justice and crime. Moral philosophy is related to moral psychology, descriptive ethics, and value theory as a subject of intellectual investigation.
Meta-ethics is concerned with the theoretical meaning and reference of moral ideas, as well as how their truth values can be assessed.
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9) A person who is not a manager but is still able to get a group focused and organized is
using
a. Tactical management
b. Strategic management
c. Formal influence
d. Informal influence
An informal influence refers to a person who is not a manager but has the ability to keep the group focused and organized. Option d is correct.
What is informal influence?It corresponds to an individual who is not directly responsible for managing a team, as a common collaborator, but who has influence as such, helping to guide the group and achieve goals.
Therefore, a worker who is an informal influence on his team usually has some developed managerial skills, such as communication, cooperation and empathy.
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cash donations to public charities are limited to % of a taxpayer's agi. donations of capital gain property to public charities are generally limited to
In most cases, the amount of charitable money contributions taxpayers can deduct on Schedule A as an itemized deduction is limited to a share (usually 60 percent) of the taxpayer's adjusted gross profits (AGI).
Qualified contributions are no longer issue to this limitation.
What is the maximum money charitable contributions?Usually, individual itemizers are allowed to deduct up to 60% of their adjusted gross incomes (AGI) for cash donations to qualified charities. However, in 2021, they normally can deduct cash contributions equal to a hundred percent of their AGI.
Is there a restrict on charitable donations for 2022?2022 deduction limits for gifts to public charities, together with donor-advised funds, are 30% of adjusted gross income (AGI) for contributions of non-cash assets, if the property were held extra than one year, and 60% of AGI for contributions of cash.
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https://brainly.com/question/29464508#SPJ4based on the constant demand assumption in the economic order quantity (eoq) model, the average cycle inventory is:
On the constant demand assumption in the economic order quantity (EOQ) model, the average cycle inventory is referred as half of the order quantity.
The economic order quantity (EOQ) model's continuous demand assumption enables there to be a minimum quantity of items any company should buy in order to help reduce various costs incurred by this system. The average cycle inventory is half of the order quantity according to the economic order quantity (EOQ) model's constant demand assumption. The economic order quantity is the ideal order quantity that a company should place to minimize its inventory expenditures, including holding costs, shortage costs, and order fees (EOQ). Inventory management, which is the control of the ordering, holding, and use of a company's inventory, is required to use EOQ. Inventory management is entrusted with figuring out how many units a business should add to its stock with each batch order in order to lower the overall cost of its stock.
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a sophisticated blank test might involve manipulating an advertising variable like schedule or copy through cable systems, and observing the affects on purchasing at local supermarkets. multiple choice question. unaided recall attitude sales inquiry
A sophisticated sales test might involve manipulating an advertising variable like schedule or copy through cable systems, and observing the affects on purchasing at local supermarkets.
What is advertising variable?
Although advertising expenditures can change greatly, they are not regarded as variable costs. Instead, marketing costs are fixed, meaning they don't change based on how many goods or services you offer to customers.Why is marketing considered a variable cost?
Businesses may set aside a specific amount for advertising within their fixed marketing budget, despite having a fixed budget for marketing. Advertising is therefore a current expense rather than a fixed one. Therefore, whether it be print or online, businesses must spend money on advertising.Learn more about advertising a variable cost
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Intermediaries are used by most producers to bring products to market. These intermediaries are known as _________________________.
Most producers use intermediaries to get their goods into stores. These middlemen are referred to as marketing channels.
What is market?
The exchange of goods as well as services can take place in a market, which is a gathering place for interested parties. Buyers and sellers are typically the parties involved. The market could be actual, like a physical store where people interact in person, or it could be virtual, like an internet shop, where there is no face-to-face interaction between sellers and buyers. A market is characterised by a few key elements, such as the presence of buyers and sellers, as well as a commodity that is bought and sold. Any location where multiple parties can come together to conduct an economic transaction, even one that doesn't involve legal tender, is referred to as a market. A market transaction can involve the transfer of any combination of goods, services, information, currency, or all of these to another party.
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Demonstrate how inventory costs are treated both as assets and expenses by selecting the correct statement(s) below.
a. Inventory items retained at the end of the period are considered part of Merchandise Inventory on the balance sheet.
b. Inventory costs are treated as an expense when they are sold.
c. Inventory items sold are considered part of cost of goods sold on the income statement.
Inventory items retained at the end of the period are considered part of the Merchandise Inventory on the balance sheet. Inventory costs are treated as an expense when they are sold. Inventory items sold are considered part of the cost of goods sold on the income statement.
The noun merchandise refers to subjects that can be offered or sold, just like the products this is for sale at your close by report store, or the merchandise offered through the way of sidewalk carriers in a huge metropolis. whilst you bypass into a shop, you're surrounded by means merchandise, whether or not it is food, clothing, or books.
The noun products refer to things that can be sold or bought, similar to the goods that are for sale at your nearby record save, or the goods offered thru sidewalk carriers in a huge city. even as you pass into a shop, you're surrounded by a manner of products, whether or not or not it's far meals, clothing, or books.
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Answer:inventory items sold are considered part of of cost of goods sold on the income statement.
inventory costs are treated as an expense when they are sold.
inventory items retained at the end of the period, or considered part of merchandise inventory on the balance sheet.
Explanation:
capital structure decisions refer to the: multiple choice capital gains available on the firm's stock. dividend yield of the firm's stock. blend of equity and debt used by the firm. maturity date for the firm's securities.
Capital structure decisions refer to the blend of equity and debt used by the firm.
A company's capital structure determines how it will finance both expansion and general operations.Debt is the term used to describe borrowed funds that must be repaid to the lender, frequently with interest.Without the need to recoup any investment, equity consists of ownership stakes in the business.To assess how risky a company's borrowing practices are, use the debt-to-equity (D/E) ratio.The balance sheet includes both equity and debt. The assets of the business, which are also listed on the balance sheet, are bought with debt or equity. Long-term debt, short-term debt, common stock, and preferred stock can all be included in a company's capital structure. When examining a company's capital structure, one factor to take into account is the ratio of short-term to long-term debt.Learn more about Capital structure, here
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when a country allows trade and becomes an importer of a good,
when a country allows trade and becomes an importer of a good, domestic producers gain, and domestic consumers lose. When a country allows trade and becomes an importer of a good, the gains of the winners exceed the losses of the losers.
Dynamic gains from trade are related to the economy's growth. The nation's specialization in the manufacturing of the best-suited goods leads to a high volume of high-quality output that fosters growth. Thus, opening up the home market to global trade will hasten economic expansion.
When a state permits trade, consumer surplus falls and domestic prices rise to parity with global prices. Additionally, when goods are exported to a foreign country, producer surplus rises because the exporter can experience an increase in their company's profit margin.
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bob has very strong opinions about the tuition increase at his university. however, once he is the student representative for the college board, he develops a more favorable attitude about the tuition increase. which theory best explains why?
Cognitive dissonance theory. The psychological discomfort known as cognitive dissonance results from a conflict between an attitude and conduct, such as eating a doughnut while planning to cut calories.
Two cognitions can be relevant or irrelevant to one another, according to the hypothesis (Festinger, 1957). These thoughts may relate to actions, perceptions, attitudes, feelings, and beliefs. One of the cognitions that are in doubt frequently relates to our conduct. According to the cognitive dissonance theory, when a person's action conflicts with his or her opinions and beliefs, an underlying psychological tension results. An individual is thus motivated to adjust their attitude in order to achieve consistency between their beliefs and behaviors as a result of this underlying tension. The cognitions may agree (be consistent) or disagree (be inconsistent) with one another if they are pertinent (Festinger, 1957). (Harmon-Jones, 2019).When there is cognitive dissonance, people become motivated to lessen it (Festinger, 1957). The larger the disparity between thoughts, the more driven one is to narrow it (Festinger, 1957). so the theory is called cognitive dissonance theory
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In calculating cash flows from operating activities using the indirect method, a gain on the sale of equipment is?.
In calculating cash flows from operating activities using the indirect method, a gain on the sale of equipment is deducted from net income.
The indirect method is used to calculate the cash used or provided by operating activities. The amount is computed differently than in the direct method, but the net result is the same regardless of which method is used.
In the Investing Activities section, we must deduct the accounting gain from net income and add the proceeds from the sale. Because a gain increases net income but does not result in cash, it must be deducted from net income when converting to a cash basis from operating activities. A loss reduces net income, but because actual cash is not paid out, it must be added back in.
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Warnerwoods company uses a perpetual inventory system. It entered into the following purchases and sales transactions for march.
Inventory is a term used to describe products that a corporation has purchased from a third party or produced internally and will sell in order to make money. Depending on the type of inventory management mechanism used, the cost moved to the income statement at the sale may vary.
According to the perpetual inventory system, stock levels rise and fall as products are bought and sold. The earliest costs for products sold were applied under the FIFO technique of inventory management. Because the costs used are probably the lowest costs compared to current cost levels, the inventory technique generates the highest inventory value and largest gross margins. The most recent costs for items sold are used when managing inventory using the LIFO method. Because the expenses used are probably higher than previous cost levels, the inventory technique results in the lowest inventory value and lowest gross margins. For each buy and sale that takes place, the weighted average technique of inventory management reevaluates the costs in the inventory pool. In comparison to other approaches, inventory levels and gross margins are more stable since they take into account cost changes both positive and negative. The precise units bought at a specific moment are used in the specific identification method.
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COMPLETE QUESTION:
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. (For specific identification, the March 9 sale consisted of 80 units from the beginning inventory and 340 units from the March 5 purchase; the March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchase.)
Date Activities Units Acquired at Cost Units Sold at Retail
Mar, 1 Beginning inventory 100 units $50.00 per unit
Mar, 5 Purchase 400 units for $55.00 per unit
Mar, 9 Sales 420 units $85.00 per unit
Mar, 18 Purchase 120 units for $60.00 per unit
Mar, 25 Purchase 200 units for $62.00 per unit
Mar. 29 Sales 160 units $95.00 per unit
Totals 820 units 580 units
Required:
a. Compute the cost of goods available for sale and the number of units available for sale.
b. Compute the number of units in ending inventory.
c. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification.
d. Compute gross profit earned by the company for each of the four costing methods in part 3.
a perfectly competitive industry is said to be efficient because the?
The fact that the industry's output has a low average total cost of production is evidence that the industry is efficient.
How effective is perfect competition?
Yes. This efficiency is achieved because a perfectly competitive business produces the same amount of output at the highest possible profit and at the same marginal cost.
Perfect competition has three main characteristics:
(1) no one company has a large share of the market,
(2) the output of the industry is standardized, and
(3) there is freedom to enter and exit. In a perfect competition, the efficient market equilibrium is when marginal cost and marginal revenue are equal.
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all of the following are types of resource constraints except:_____.
A. Materials.
B. People.
C. Equipment.
D. Information.
E. Human.
All of the following are types of resource constraints except Information.
A resource bottleneck occurs when the project manager does not have enough resources to meet the needs and deliverables of the project. Projects may face limited resources in terms of people, materials, equipment, or money.
The most common examples of resource constraints are limits and risks related to resource availability and project cost, scope and time. Changes in any of these factors have ripple effects that ultimately affect the overall quality of the project.
Growing economic, physical and political shortages of critical resources have increased tensions between and within countries. Food and water are getting as much attention as oil and gas as we push beyond the earth's natural limits.
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some of the rules included in the aicpa code of professional conduct do not apply to cpas in business.
A. true
B. false
Some of the rules included in the aicpa code of professional conduct do not apply to cpas in business.
B. false
A business is described as an corporation or enterprising entity engaged in business, industrial, or professional activities. businesses may be for-profit entities or non-income agencies. commercial enterprise types variety from restrained legal responsibility organizations to sole proprietorships, groups, and partnerships.
Enterprise performs a crucial function in our lives. First, they devise goods and offerings to meet our wants and needs. Then, in addition they recruit households as labor and offer them with compensation, such as wages, salaries, and benefits. accordingly, it becomes a supply of their income, which can be used to preserve their lifestyles.
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How much money did Amazon make on Cyber Monday?
This online shopping surge directly impacted Cyber Monday. Data from Adobe Analytics shows that customers spent $10.8 billion online during Cyber Monday.
Data in computing refers to information that has been converted into a format that is useful for transmission or processing. Data is information transformed into binary digital form for use with computers and transmission media of the present. Both the singular and plural forms of the subject data are acceptable. Computer science's analytics discipline looks for useful patterns in data using math, statistics, and machine learning. The process of analytics, also known as data analytics, entails sorting through enormous data sets to find, decipher, and share fresh information. Data analytics is the science of examining unprocessed data to draw inferences about that data. A company can increase productivity, maximize profit, or make better decisions based on data analytics to improve performance.
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Are the Black Friday deals really that good?
Black Friday is a good deal, but not every deal will be a good one. It means that simply because an item is on sale doesn't guarantee that it's the best deal.
The day after the American Thanksgiving holiday, known as Black Friday, has historically been a holiday in and of itself for many workers. It is generally a day full of lots with exclusive sales and special deals and is considered as the start of the Christmas shopping season.
Black Friday is celebrated on Friday in the fourth week of November. This year, Black Friday is celebrated on November 25th, 2020. After Thanksgiving day on thursday, November 24th, 2022.
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Where do local shoppers go on Black Friday?A. Best BuyB. Wal-MartC. Snow's Home and Garden StoreD. All of the Above
Local shoppers go to Best Buy, Walmart, Snow's Home, and Apple Stores on Black Friday for purchasing the products. So the correct answer is option (D) All of the Above
You should check the Black Friday hours because they differ from regular hours of operation as part of your purchasing strategy. On this page, you can find general information about all of the stores, and by using our Store Locator, you may acquire specific information about the store you're interested in.
Finally, remember that you can take advantage of bargains without physically visiting the business. In fact, if you choose to purchase online while staying at home, you can have your item delivered to the store nearest you so that you can pick it up there and avoid paying any delivery or shipping fees.
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On your property tax bill, you see the following table. Destination share of your taxes roads $241 schools $896 public safety $154 township $177 what percentage of your taxes went to funding public safety? a. 10. 49% b. 12. 06% c. 11. 72% d. 8. 94%.
According to the property tax bill the person got, if $154 is paid, that person contributes approximately 10.49% of his entire tax liabilities to paying public safety.
What is a property tax?An ad valorem tax based on a property's value is a property tax or millage rate. The governing body of the area where the property is located is in charge of imposing the tax. Depending on the context, this could refer to a municipality, a county, a federated state, or the federal government. One property may be subject to taxation by several jurisdictions. Real estate commonly faces a property tax. Annually or during a real estate transaction, such as with real estate transfer tax, it may be levied. In a system of property taxes, the state or local government commissions or conducts an assessment of each property's monetary value, and then levies taxes based on that value.
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7) When buyers in a market have market power, then the A) Product price is higher B) Number of sellers rises c) Number of sellers falls D) Product price is lower
When buyers in a market have market power, then the A) Product price is higher D) Product price is lower.
How does market power impact how much a thing costs?
Market or monopoly power is the capacity of a firm (or collection of firms) to increase and maintain prices above the level that would prevail under competition. When market power is used, output is decreased and economic welfare is lost.
Market power often increases as market concentration does, at least in moderately and highly concentrated businesses. The appropriate benchmarks for the merger standards are mostly determined by the Herfindahl-Hirschman Index (HHI) of market concentration.
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on hot summer days, electricity-generating capacity is sometimes stretched to the limit. at these times, electric companies may ask people to voluntarily cut back on their use of electricity. an economist would suggest that it would be more efficient if the electric company raised its rates (prices) for electricity at peak times. it would be more efficient to force everyone to cut their usage of electricity by the same amount. it would be more efficient to have a lottery to decide who had to cut back their use of electricity at peak times. every electric customer has an incentive to prevent the system from overloading, so this voluntary approach is the most efficient.
An economist would recommend:
Option A - It would be more efficient to have a lottery to decide who had to cut back their use of electricity at peak times.
An economist is a specialist and practitioner in the field of economics, a social science. It is also possible for the person to research, create, and use economic theories and concepts, as well as to write about economic policy. There are a number of sub-fields in this field, ranging from broad philosophical theories to the focused study of specific market details, macroeconomic analysis, microeconomic analysis, or financial statement analysis. These sub-fields use analytical techniques and tools like econometrics, statistics, economics computational models, financial economics, mathematical finance, and mathematical economics.
Economists operate in a variety of settings, including academia, government, and the private sector. In these settings, they may also "analyze data and statistics in order to spot patterns in economic activity, economic confidence levels, and consumer attitudes. They use cutting-edge techniques to evaluate this data.
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