Loews corporation, a conglomerate with 15 billion usd in revenues, competes across several industries including oil and gas, tobacco, watches, insurance, and hotels. its related diversification strategy is to buy low and sell high as in the example where they bought six oil tankers for 5 million usd and then sold them eight years later for 50 million usd

Based on the supply and demand theory, why do medical doctors earn higher wages than child-care workers?

Job 456 was recently completed. the following data have been recorded on its job cost sheet: direct materials $ 2,418 direct labor-hours 74 labor-hours direct labor wage rate $ 13 per labor-hour machine-hours 137 machine-hours the corporation applies manufacturing overhead on the basis of machine-hours. the predetermined overhead rate is $14 per machine-hour. the total cost that would be recorded on the job cost sheet for job 456 would be: multiple choice $3,380 $5,298 $6,138 $2,622

Gif the federal reserve did not regulate fiscal policy, monitor banks and provide services for banks, what would most likely be the economic conditions to transact business in the u.s.? the economy would primarily be based on a barter system rather than a fiat system. there would be no discrimination in lending by local banks. the economy would be less efficient and transactions most likely more costly.