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3 years ago

Define the following: 1. Allocation of resources 2. Economic system 3. Market economy

Business

2 answers:

denis-greek [22]3 years ago

8 0

Allocation of resources is the assignment of available resources to various uses.
Economic system is a system of production, resource allocation and distribution of goods and services within a society or a given geographic area.
Market economy is an economic system where supply and demand, direct the production of goods and services.

zlopas [31]3 years ago

4 0

1. Allocation of resources

apportionment of productive assets among different uses.

2. Economic system

by which societies or governments organize and distribute available resources, services, and goods across a geographic region or country.

3. Market economy

an economic system where two forces, known as supply and demand, direct the production of goods and services.

eg: US, Japan

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Identify What prevented the economy from slipping

iVinArrow [24]

The correct answer is letter B

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3 years ago

Wind damage occurs to your car costing $800 to repair. If you have a $500 deductible for collision and full coverage for compreh

Igoryamba

Answer:

$300

Explanation:

Deductible referred to as the amount paid from one's pocket to join the amount of one's loss, while the insurance company balance up the remaining.

The loss which is $800 is a little bit more than deductibles.

Damage=$800

Deductibles=$500

The damages is just $300 more than deductibles.

As stated in the question there is a collision and comprehensive insurance for the driver , therefore the driver will pay $500 from his own pocket.

THE PORTION OF CLAIM THE INSURANCE COMPANY PAY =($800-$500)=$300

$300 will only be received from the company.

In Higher deductibles the premium insurance is reduced in cost.

In lower deductibles there is higher premium but with the cost from one's pocket is low.

Deductible has influence on

one's claim.

Comprehensive insurance is one of automobile insurance,it covers damages or event that occurs to a car that is out of one's control.It covers for replacement or repairment of one's car if damaged by something or to repair bit, other a collision.

Comprehensive insurance can cover up for

theft ,natural disasters or from fire incident.

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3 years ago

Read 2 more answers

Melinda, who works in a jewelry store owned by Cindy, was picking up some gem stones for use in the store. On the way back to th

baherus [9]

Yes she should be held liable

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3 years ago

What are long-term decisions that set the direction for the entire organization called?a. Tactical b. Operational c. Directional

kvv77 [185]

Answer:

The correct answer is letter "E": Strategic.

Explanation:

Strategic decisions imply analyzing what direction is the overall company going to take in the long run. It represents the groups of decisions high-rank executives must take to conduct the operations of the firm, the resources that will be used and how they will combine those factors to reach the organization's objectives.

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3 years ago

Green Frog is an environmentally friendly firm in the cosmetics industry. Even though Green Frog is environmentally friendly, th

kakasveta [241]

Answer:

D) Growth in earnings per share averaging 15% or better annually for the next five years

Explanation:

First of all, objectives must be well defined and measurable. That is why increasing profitability is a good idea but not a very good strategic objective, since a 0.00001% growth in profits will still comply with it. The same applies with growing market share.

Improving product quality will help improve total sales but it is not a financial objective.

The only financial objective that is precise and measurable is option D, which sets the goal of increasing earnings per share at least 15% every year.

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3 years ago