Best Rating Questions

From experienced academic experts. In any field of study

Epstein claims that the positions of both employers and employees are essentially even with regard to EAW. Do you find this line of argument convincing? Why or why not?

The employment contract is defined by several factors. For instance, an employee has the freedom to quit employment. Besides, an employer can dismiss an employee from work. The wishes of an employer are also fulfilled by an employee according to the directions stipulated at the workplace. Common law is the...

What did General Mills hope to accomplish with its April 1994 reduction in trade promotions and prices? What were the risks associated with these actions? How do you expect General Mills’ competitors to respond? How then should General Mills proceed?

GM hopes to reduce the price gap with private label manufacturers, regain some of the market shares and increase their profits. The risk associated with these actions is that the competitors can follow the lead and reduce their prices as well. GM’s competitors can either lower their prices or preserve...

State the null hypothesis for care for the three study groups in Mayland et al.’s “Assessing the quality of care for dying patients from the bereaved relatives’ perspective.” Should the null hypothesis be accepted or rejected? Provide a rationale for your answer.

The null hypothesis states that care would be determined as the same across the three different study groups. At the same time, the null hypothesis should also be rejected as the F = 35.9 and the p = < 0.0001. The null hypothesis also assumes that no significant differences in...

How important is accurate financial data to the business plan? Why?

As identified previously, a financial statement is essential to include in a business plan so that investors understand the needs of a start-up company in terms of both future and present costs. Usually, a cash flow statement is included in a business plan for considering how cash flow can affect...

What are the most common investing activities? What are their core differences?

Investing activities are investments and the implementation of practical actions in order to make a profit or achieve another useful effect. The most common examples are the purchase of fixed assets and investments, and proceeds from the sale of fixed assets and investments. Explanation: Investing activity is an investment process...

What is the inverse demand function?

Inverse demand function is a term used in economics to identify the inverse of a demand function. This can be represented as Price = f-1 (Quantity). Visually, the graph is identical to the demand function, but with switched axes. Explanation: The main difference between the demand function and the intermediate...

Binding price floor definition.

In economics, a binding price floor is a government set of a mandatory minimum price for a particular product or products at a price higher than the equilibrium level. Since the price cannot drop below this level, such a regulation restricts the freedom of the market and has certain effects...

Provide concurrent powers examples. What are they and what is their purpose?

Concurrent powers are those powers that are exercised by both federal and state governments simultaneously. Collecting taxes, establishing courts, enforcing laws, borrowing money, and providing for the general welfare of American citizens are examples of the concurrent powers in the Constitution of the United States. Explanation: The principle of concurrent...

What happened in the Battle of Kettle Creek?

In 1779, Colonel John Boyd and his Patriot forces unexpectedly attacked Loyalists led by Colonel Andrew Pickens near Kettle Creek and defeated them despite their numerical superiority and more advantageous positions. Explanation: The Battle of Kettle Creek is a minor encounter between Loyalists (Tories) and Patriots that happened on February...

What is balanced reciprocity? Provide examples.

Balanced reciprocity is one of three kinds of reciprocities in sociology. The other two are generalized and negative reciprocity. Balanced reciprocity occurs when people provide support or give gifts to each other in equal amounts. Explanation: Balanced reciprocity can best be explained by redistribution anthropology and reciprocal exchange, which refers...

What is a blackout?

A blackout is the temporary memory loss that can occur for various reasons. However, in most cases, a blackout is referred to the breaches in memory due to the overconsumption of alcohol. Explanation: Different prior states of an individual can characterize a blackout. A person can lose consciousness for a...

What’s the significance of the Hinduism reincarnation belief?

In Hinduism, reincarnation is one of the steps towards Moksha, which means a kind of release that appears when the circle of death and rebirth is finished. Moksha is one of the four main aims in people’s lives, so every reincarnation takes a person a bit closer to the logical...

What is the unit cost? What is its significance?

A unit cost is the general cost of goods that are being manufactured and sold by a company. The concept of unit cost is important because it reflects the total expenditures that a business invests to manufacture a particular product. Explanation: Within financial accounting, the term of a unit cost...

What was the goal of the Wilmot Proviso?

The goal of the Wilmot Proviso was the ban of slavery in any territory received from Mexico during the Mexican-American War. By this amendment, Democrats wanted to strengthen the interests of northerners and reserve new territories for the white population for economic and political reasons. Explanation: The Wilmot Proviso, an...

What is the turbotax advantage?

TurboTax is one of the most popular tax return software. One of the advantages of this tax program is the availability of live chat for a free consultation and an additional audit. Explanation: TurboTax.com is an online product from Intuit, one of the most famous companies in the USA. Scott...

Why is community service important?

Community service is suitable for people who are not highly qualified, have a long break from work, or for students. Also, community service is often the sanction that the court provides for the offender to perform. Explanation: However, it is essential to understand that community service in itself is not...

What was Declaratory Act? What did it agree upon?

The Declaratory Act (1766) was a statement by the British Parliament accompanying the abolition of the Stamp Act. It stated that the tax authority of the British Parliament in America was the same as in Britain. Explanation: The Parliament directly taxed the colonies on income under the Sugar Act (1764)...

Define the degree of financial leverage.

The degree of financial leverage (DFL) is the coefficient by which a proportional change in net income and fluctuations in operating income of a company due to changes in the capital structure of business are calculated. This degree is used to estimate the amount of debt to be paid. Thus,...

How did the weakening of the Soviet Union affect other nations in Europe?

When the Soviet Union became weak, countries that supported it faced a sudden decrease in support for Socialist and Communist parties. This resulted in the development of democratic values all over Europe. Explanation: The Soviet Union was a prominent power in Eurasia, and thus its weakening had a noticeable effect...

During the korean war, general macarthur was able to take the city of inchon a) by striking in an area far away from where the fighting had been concentrated. b) tricking north korea into believing he that would use nuclear weapons. c) convincing china to enter the war on the side of south korea. d) launching a surprise attack from deep within north korean territory.

By striking in an area far away from where the fighting had been concentrated. Explanation: The United States Marines took the port of Inchon, South Korea, on September 15, 1950, during the Korean War. Inchon city (see the map below) was located 25 miles from Seoul that had fallen to...

The 20th century saw the rise of a broad middle-class in American life. Although fitful in the early decades, this ascent quickened after the Second World War. Commentators today, however, suggest that the once expanding middle-class is slowly shrinking. How would you assess the role of the American middle-class throughout the postwar period? When weighing your answer you might consider issues that wrap around RACE and CLASS in 20th Century American Life. You might also consider the intersection between the rising tide of consumption in the century and the persistent impulse to reform. Finally, you might consider the current state of the American middle-class and the possible consequences of fundamental change in that broad class.

The American middle class during the post-war period helped the country to experience high levels of economic growth which was mainly driven by strong consumer demand. The social structure of American society dramatically changed because former military servicemen were offered affordable housing loans which made it easy for them to...

Explain Adam Smith’s absolute advantage theory.

Between the 17th and the 18th centuries, mercantilism emerged as a dominant economic philosophy. This particular economic philosophy advocated for aggressive efforts towards increasing exports and severe restrictions towards reducing imports. Nations would, therefore, become rich by exporting more than they imported. By developing the absolute advantage theory, Adam Smith...

Explain the controversy surrounding the use of medication in recovery treatment.

Methadox and suboxone present as some of the most commonly used opioids in treating drug addicts by minimizing the degree of withdrawal syndrome in the addicts. Also, they provide a good way to help the addicts minimize craving for the drug. However, the medications are addictive and difficult to stop...

Private action against polluters as a deterrent to the degradation of the environment

Private action against polluters is often regarded as one of the possible deterrents to the degradation of the environment. This belief is based on the assumption that these lawsuits will prompt companies to improve their environmental performance. In turn, it is possible to argue that private action cannot be regarded...

Discuss the differences between the Planning and Emergent Schools of Strategy. Discuss the importance of emergent strategy in fast-changing environments.

The strategic planning process often goes through several stages that aim to facilitate the achievement of an organization’s objectives. The typical planning process often includes the analysis of the external and internal environments, definition of the business and the mission, setting the goals, formulation of strategies, and developing procedures for...

Visit the WCO website at wcoomd.org and follow the prompt headed ‘conventions’. Familiarise yourself with the Conventions listed there and then complete the table.

Saudi Arabia is planning to join the ATA convention but has no plan to join the International Convention on mutual administrative assistance in Customs Matters. Short Title Full name Year of Adoption Number of parties Is your country a party? (Yes/No)Saudi Arabia Revised Kyoto Convention International Convention on the simplification...

What conclusions can be drawn concerning the progress made in the U.S. education over the past hundred years?

Over the last century, the American education system has witnessed significant progress, which has influenced the operations of its sectors and society. According to Chetty, Friedman, and Rockoff, notable areas of progress in the United States’ education system include the enhancement of preschool quality, higher standards of education, effective teaching...

What is the significance and/or the importance of the concept of “police discretion” and which rank has the most, the Chief or the officer on the road? How do personal beliefs biases and experience impact an individual’s discretion? And, how does discretion impact the concept of police integrity, and the perception of the community?

Basically, the concept of police discretion is significant since adherence to very strict standards sometimes runs counter to the actual effectiveness of policing efforts. Judging from the potential consequences of the abuse of power, lower ranks typically have more discretionary power, which means that traffic officers have more opportunities to...

Define Roosevelt’s Corollary to the Monroe Doctrine. What’s its background?

The Roosevelt Corollary to the Monroe Doctrine justified US military intervention in other countries. It was President Theodore Roosevelt’s response to Britain, Italy, and Germany’s naval blockade against Venezuela for refusing to pay foreign debts. Explanation: The Monroe Doctrine was a United States policy issued on December 2, 1823. At...

Define marginal profit.

Marginal profit is the change in profit a firm would receive if it produced one more unit of goods. It is the difference between marginal revenue and marginal cost. Explanation: Marginal profit is one of the marginal concepts in economics. Marginal concepts are associated with specific changes in the use...

What was the Bayonet Constitution?

The Bayonet Constitution is the act of signing a new Constitution of the Hawaiian Kingdom by King David Kalakaua. The terms of the rebellion of 1887 were the transfer of power to local elites and joining the United States. In summary, the monarchy ended in 1893 due to the overturn....

What does the Fiedler’s contingency theory state?

One of the first concepts of the leadership approach was Fiedler’s situational theory. She focused on the situation and identified three factors that influence the behavior of the leader. They are the relationship between the leader and subordinates, the structure of the task, and the authority of the leader. Explanation:...

What happened in the Battle of Chaeronea?

The Battle of Chaeronea decided the fate of Greece where its freedom perished. The battle took place in early August 338 BC. At dawn, both troops lined up against each other in the Battle of Chaeronea and Philip had only about 32 thousand people, and the Hellenic forces were 50...

What are day’s sales in receivables?

In accounting, companies use days payable outstanding or days sales receivables in order to make accurate estimations of the outstanding accounts receivable. However, it is critical to note that the given estimation is measures in sales days averages and not in currency units. Explanation: Days Sales ratio formula is DSO for...

Define the divine-right theory.

In European history, the divine right of kings is a political doctrine that supports the monarchical absolutism, which stated that kings got their authority and power from God. That is why they cannot be responsible for any of their actions and by any authority such as a parliament. Explanation: The...

What’s the difference between equity and equality?

Equity admits that different people have diverse conditions and attempts to fill the gap. It distributes resources in accordance with individual needs, while equality divides the resources between all the subjects equally because it aims to treat all people as they are the same in their rights. Explanation: Both equality...

What is the average rate of return?

The ratio of the average cash inflow to the amount of invested funds. The average rate of return is equal to the rate of return on equal-sized capitals, which is formed in conditions of free competition. Explanation: The average rate of return definition is an economic characteristic, which is the...

What is a subculture. Give examples.

A subculture is a group of people that develops within a culture and is distinct from the broad consensus. Such a group is united by shared beliefs, values, traditions, and rituals that are unique and might not comply with the broader culture. and sociologists. Explanation: Sociology scholars at the Chicago...

What was the importance of Julius Caesar crossing the Rubicon?

When Julius Caesar crossed the Rubicon in 49 BC, he expressed disrespect to the Roman Senate and started the war against it. Today, the meaning of crossing the Rubicon refers to making a challenging decision that can have unpredictable consequences. Explanation: Before that war, there existed the Roman Republic, and...

What is marginal thinking?

Marginal thinking is a process of evaluating whether the cost of one more unit is less than its benefits. Explanation: Marginal thinking involves the analysis that goes into decision-making. It means thinking about what consequences will follow after the adoption of a decision. For instance, it is when someone decides...

Is prepaid insurance an asset? Why?

Prepaid insurance can be classified as a current asset because it is used up or expires in a short period of time, usually one year, of the balance sheet date. Explanation: All assets, liabilities, and equity of a company are represented on the balance sheet. An asset is an economic...

What is the backstory of Bosque Redondo memorial?

Bosque Redondo memorial commemorates the victims of prosecutions and imprisonments by U.S. Military happening from 1863 to 1868. Explanation: When Americans and Mexicans colonized the land of New Mexico, they suffered from raids from Navajo tribes. The Indian tribes fought in order to reclaim their homeland and to collect resources...

A medic alert bracelet might indicate that a customer a) Has a medical condition that might mimic intoxication b) Should not drink because of a medical condition c) Is not allowed to drink alcohol d) May become intoxicated quickly

The correct answer is A. Explanation: People who live with chronic illness often have to take many medications, some of which may interact with other drugs. Additionally, symptoms of certain conditions may be misdiagnosed as alcohol intoxication, and the person would be treated incorrectly. In case of an emergency, paramedics...

Damage to the frontal lobes of the brain is a likely result of A) consuming low doses of alcohol B) consuming medium doses of alcohol C) binge drinking alcohol D) chronic use of alcohol

D (chronic use of alcohol) is the correct answer to the question. Explanation: Continued alcohol consumption is known to cause a variety of health concerns that are less immediately harmful than ones stemming from alcohol poisoning, but also more challenging to address. It is defined as the drinking of liquids...

Who were the leaders of command for the modern war in 1864?

Lincoln introduced the modern system of command for the modern war in 1864. He detailed three top positions that would affect how the war and the country was to be led. These positions were the commander in chief, the general in chief and the chief of staff. Being the president,...

Who are the Kwaios? Provide an ethnographic sketch of the tribe.

The Kwaio is located in Central Malaita, Solomon Islands. They do not have a dominant religion and engage in worshipping their ancestors. They are under chiefdoms. Their dominant mode of production is subsistence farming. The women are mainly charged with the duties of feeding the children and other domestic chores....

Why should legal immigration be expanded?

Such issues as immigration have long-been debated by economists and policy-makers. In popular opinion, this phenomenon is often associated with job insecurity and increased expenses on social security. However, one should take into account that legal immigrants can pay the same taxes and insurance fees and they do not always...

A New Hampshire resort offers year-round activities: in winter, skiing and other cold-weather activities; and in summer, golf, tennis, and hiking. The resort’s operating costs are essentially the same in winter and summer. Management charges higher nightly rates in the winter, when its average occupancy rate is 75 percent, than in the summer, when its occupancy rate is 85 percent. Can this policy be consistent with profit-maximization? Explain.

Price maximization entails determining both the price and output levels to gain maximum gains. Several approaches can be used to maximize profits. First, the latter can be attained by increasing the prices of goods and services. It is important to evaluate and note the difference between marginal revenue and marginal...

Which statement best describes why Shakespeare’s Hamlet is a complex character?

Hamlet is a complex character because his controversial personality plays a crucial role in developing a tragic flow throughout the play. With the growth of Hamlet’s inner conflict, the intricacy of his temperament turns into a noticeable problem. Moreover, his behavior becomes impulsive, and he gets into a constant state...

What was Stalin’s “second revolution,” and why did he launch it?

Stalin’s “second revolution” of 1928-1941 was caused by his will to take control over the party, expelling those members who were against the new approaches (such as Trotsky, Zinoviev, and others) and moving the party’s structure to totalitarianism. He launched it to follow Lenin’s ideas on New Economic Policy (NEP)...

a. Where is the Algenol Biofuels company’s address or office? b. Where is their biofuel project? c. How big is their biofuel project? d. What do they produce? e. Are they using Algae? What type of Algae? f. Are they using another type of biofuel?

a. Bonita Springs, Florida. b. Lee County, Florida. The site of ethanol production. c. Maintains a production capacity of 100,000 gallons a year. d. Fuel-grade ethanol. e. At this site, they use a metabolically enhanced hybrid blue-green algae, which are processed in photobioreactors with carbon dioxide, saltwater, and sunlight. f....

Describe the details of Muller v. Oregon case

Muller v. Oregon case was a highlight in the history of the U.S. Supreme Court because it justified both gender discrimination and the use of labor laws regarding the time spent on work. Despite the fact that the court encouraged the value of the health and welfare of women, it...

What are some devices used for temporary work zone situations?

The work zones include devices that provide safety for drivers and workers. The devices can be barriers, such as drums, cones, and tubes. The other devices include temporary signs, arrow panels, pavement and markings. Workers that show directions to the drivers use flags. Explanation: A work zone, also called a...

What’s the core idea of the visual cliff experiment?

Visual cliff experiment conducted by Eleanor Gibson and Richard Walk in 1960 is one of the classic studies in psychology. The experiment was created to test depth perception in infants and animal species by placing them on a platform that simulated a cliff providing the subjects with visual and tactile...

When might be the best time to start saving for retirement?

Many people are interested in question when might be the best time to start saving for retirement, and the answer is as soon as possible. It is best to start putting aside from the first salary, since this move will increase the amount of money at the expense of bank...

Provide the details on the Pendleton act.

The murder in 1881 of President J. Garfield, committed by one of the disappointed applicants for public office, aroused great indignation of the population. This forced both parties to enforce through the Congress the United States Civil Service Improvement and Regulation Act, named after its author by Pendleton’s Law. Since...

What are the causes and effects of the Yamasee war?

The Yamasee war held between 1715 and 1717 was an armed conflict between British colonists and Indians in the area of the present state of South Carolina. The Indians killed hundreds of colonists, and many settlements were destroyed. Free traders were murdered throughout the southeastern region of the United States....

Define ingratiating

The term ingratiation refers to behaviors that a person illicitly enacts to make others like him or her or think well of his or her qualities as a person. The one who undertakes ingratiation may be characterized as an ingratiating (sycophantic) individual. Explanation: Ingratiation is an attempt to gain credibility...

What was Mayan government known for?

The Mayan government type is considered to be an absolute monarchy. The civilization consisted of independent city-states led by kings, who had unlimited power. The Mayan governmental structure was a hierarchical system comprising the representatives of the nobles and priesthood and relied on slavery. Explanation: The ancient Mayan civilization was...

Informed consent is considered an application of which Belmont principle?

Informed consent is considered to be an application of one of the Belmont principles, which is respect for persons. Explanation: The National Commission for the Protection of Human Subjects of Biomedical and Behavioral Research created the Belmont Report that identifies the ethical principles that might arise from healthcare research with...

What were the Navigation Acts?

The Navigational Act definition is a series of resolutions adopted by the English Parliament and aimed at promoting and protecting England from maritime trade and industry from foreign competition. The first Act provided that the import of overseas goods into the country can only be carried out on English ships....

What was Frederick William I known for?

Frederick William I was a skilled and smart leader, wise king, and successful politician. Among his accomplishments, there are such examples as creating a strong image of Prussia, due to which other countries started to respect it, developing the army, making Prussia to rise, creating a working bureaucracy system, etc....

What is the purpose of the Family Educational Rights and Privacy Act (FERPA )?

Family Educational Rights and Privacy Act is an act regulating access to educational records by public structures such as educational institutions, employers, and foreign governments. Explanation: FERPA is a law that was established and introduced by James L. Buckley in 1974 in the United States. This act presupposes the protection...

What exclusive powers did the Senate have?

The Senate of the USA has three general exclusive powers: passing sentences during impeachment trials and voting for or against the removal of an official, confirming presidential appointees, and approving treaties. Explanation: The Senate is the U. S. Congress’ upper chamber in the legislative branch, which is more powerful than...

What is the Difference between Simple and Compound Interest?

Simple interest stands for the money that one can earn from the funds that were initially invested while compound interest is the amalgamation of both the interest that one can earn and the initial investment. Explanation: The concept of simple interest relates to the money that one can earn based...

A purpose of government regulation in a mixed-market economy is to protect…?

The purpose of government regulation in a mixed-market economy is to protect corporate rights. Explanation: A mixed-market economy is a type of economy where the factors of production are controlled by both the formal authorities and the private market. It is safe to say that each and every of the...

Which best explains what a credit score represents? A) A number showing how likely you are to have more than one credit card. B) A numerical rating that expresses how likely you are to repay your debts. C) A numerical rating that shows how much money you have in your bank account. D) A number expressing your yearly income.

Of the four answers, B (a numerical rating that expresses how likely you are to repay your debts) is correct because the definition of credit score is a mass of numbers intended to measure a person’s financial trustworthiness. Explanation: The best way to do so is by showing how often...

During World War II, Germany tried to capture the Russian city of Stalingrad because A) it was the site of atrocities committed by Stalin. B) it had a strategic location along the Volga River. C) it had a large and persecuted German population. D) it was where aggression against Germany was centered.

During World War II, Germany tried to capture the Russian city of Stalingrad because it had a strategic location along the Volga River (answer B). Explanation: The Battle of Stalingrad is the most significant and bloody confrontation of World War II, having lasted for five months and ending in a...

How businesses can use the Internet to establish effective customer relationships?

The internet offers valuable ways through which a firm can keep in contact with its customers. The internet makes a customer aware of the activities a firm undertakes, which stimulates interest in the mind of a prospective customer. Berndt and Brink (2004, p.106) reveal that the internet enables a firm...

What are the main differences between mammals and reptiles? Do we share any ancestral features with reptiles? What are some of the derived features characteristic of mammals including humans?

According to the classification of living things human beings belong to mammals. However, there is a great number of other different categories. The category of reptiles is one of them. The main difference lies in the way different processes proceed. First of all, it is a question of thermoregulation. Mammals...

The main reasons why the court ruled that videotaping a movie from television to watch later was not an infringement of copyright. Use the fair use doctrine to frame your argument.

The Supreme Court ruled that videotaping a movie from television to watch later was not an infringement of copyright because of the following reasons. According to the fair use doctrine, as long as the material used was not meant for profit, then there is no infringement of copyright law. Sony...

Central to Duska’s discussion and his conception of loyalty, do you find his account of loyalty convincing? What elements of it might you disagree with? What implications might an altered conception of loyalty have on his contention that whistle blowing does not require moral justification?

Information on any moral misconduct within an organization can be released by either an active or a past employee to point out the ills being perpetrated. In the event of whistleblowing, there must be an incident taking place against the interests of the public. Duska argues that loyalty is not...

Critically apply Cyert and March’s analysis of organizational decision making to the Siemens case. Compare/contrast the findings with Brusson’s view.

According to Cyert and March, fundamental structure analyzes the process of decision making in terms of the variables that influence the decision-making process, the goals of an organization, the expectations of the organization, and the choice of the organization. In the case of Siemens, several variables influenced the decision-making process...

How do you assess a firm’s Resources-Processes-Values (RPV)?

When assessing a firm’s RPV, it is necessary to focus on resources, processes, and values, in order to evaluate resources, tangible (products, technology, equipment, etc.) and intangible (human capital, brands, and knowledge) resources should be analyzed. When evaluating processes, typical processes (human resources management, production, research, budgeting, and the like),...

What is primary deviance and what are its effects?

Primary deviance is considered to be an individual’s behavior that deviates from the cultural norms accepted in his society. If it is primary, an act of deviance made by the individual is insignificant, meaning that he is not regarded by others as a deviant person and does not consider himself...

What the Anaconda Plan wanted to achieve?

The Anaconda Plan was part of the military campaign of the Federal Army against the southern states during the Civil War. It assumed the naval blockade of ports of the Confederacy as well as the establishment of control and transfer of troops along the Mississippi River. The name of the...

What was the purpose of the Tennessee Butler Act?

The Tennessee Butler Act of 1925 was adopted in order to prohibit teachers of public educational organizations from teaching the evolutionary theory. The Act was intended to protect the idea that human species were originated from God and not a result of evolution. Explanation: In March 1925, Tennessee passed the...

What was the purpose of the Declaration of Independence?

The purpose of the Declaration of Independence was threefold: to officially inform Britain about the colonies’ secession, to rally supporters of the independence cause in America, and to obtain allies abroad. These three tasks corresponded to the three intended audiences of the document: the British government officials, the colonial population,...

What is a flexible budget variance?

A flexible budget demonstrates different levels of income and expenses, depending on the number of sales that actually take place. Usually, actual earnings of the sold units are included in the flexible budget model, and the levels of budget spending are automatically counted by the model that is based on...

What is long run average cost curve?

The curve of long-term average costs shows the minimum values per unit of production produced at every possible volume of production. In this case, the long-term average total cost curve is made up of several sections of the short-term cost curves of companies of different sizes, which can be chosen...

What is lateral continuity?

The principle of lateral continuity states that sediment layers initially propagate in all directions; in other words, they are continuous in the transverse direction. Likewise, similar rocks that are currently separated by a valley or other erosion element can be considered initially permanent. Explanation: The sediments of some investigated areas...

What is marginal revenue equation? Where can it be used?

Marginal revenue is an increase in income resulting from the sale of an additional unit of product. The marginal increase equation is a division of the change in total revenue by change in the total quantity of units produced and sold. It is actively used for determining product pricing, scheduling...

How to calculate common stock.

Common shares are shares available for purchase on the stock market, including those held by institutional investors and company officials (insiders) that have ownership in a corporation. To calculate common stock, there can be found a specific accounting formula: the number of issued shares minus treasury stocks equals to the...

Define medieval guilds. What features did they have?

In a broad sense, the guild definition includes the secular and religious associations of different nature that existed in Western Europe in the Middle Ages. The guilds were divided into subspecies, depending on the purpose that bound the people. In general, medieval guilds performed commercial, social, military, and religious functions....

Define restrictive endorsement.

A restrictive endorsement, which might also be called a restricted endorsement, is a written phrase on a check or other document that has a connection to finances. This sign imposes restrictions on the check, for example, restrictive endorsement “Paid in full”. Explanation: When somebody receives a check or a bill, they...

Define the spoil system.

The spoil system is defined as a specific type of political patronage appeared in the United States that awards committed party supporters with main governmental positions in the case of a party’s election win. Explanation: The application of the spoil system may be observed in many nations, however, it currently...

Define contemporary culture.

Contemporary culture is defined as a multitude of distinctive cultures that are in dialogue and interaction with each other, and both of them go along the axis of past-future. Modern culture also has the specific properties that give it originality and uniqueness as a consequence of the development of previous...

How long is a senator’s term? How is he elected and what does he do?

A senator’s term in the USA makes six years. They represent their state in the US Senate, attend meetings, pass bills and participate in other activities of this governmental body. Explanation: The US Senate consists of 100 senators, two senators of each state, irrespective of the number of people living...

What was the ruling of Northern Securities case? What was the background?

Northern Securities Company was created to control the reserves of significant railway facilities. In 1903, the U.S. Supreme Court ruled that the monopoly was illegal, and ruled against stockholders of railway companies to dissolve Northern Securities. Explanation: U.S. federal relations were built according to the scheme of intense federal center...

In NIMS, when do managers plan and prepare for the demobilization process?

The NIMS managers start planning and preparing for the demobilization process when it is clear that the situation requires a collaborative approach that includes personnel from several organizations. Explanation: NIMS, or the National Incident Management System, is a special structure for managing multi-jurisdictional or large-scale incidents. It works and is...