Answer:
True
Explanation:
Collateral is an asset used as a guarantee or security for the payment of a loan. It assures the lender that a borrower will pay back the loan.
If an entrepreneur applies for a business loan, the bank will most likely demand collateral. The entrepreneur will need to offer an asset, either property or motor vehicle, that will act as a guarantee for the loan. Should the entrepreneur fail in repayment, the bank can sell the asset to recover their money.
Few, if any, will lend anyone money based on a business idea alone. Many banks will demand a business proposal to be backed with some guarantee to secure funding.
The Labor cost = Units Produced * Direct Labor hours per Unit * Direct Labor rate per Hour is <u>$ 1,200,000.</u>
= 15,000 * 4 * $20
= $ 1,200,000
Answer: $ 1,200,000
Production is the process of combining various tangible and intangible inputs (plans, knowledge) to produce things for consumption (outputs). It is the act of creating output, goods, or services that are of value and contribute to an individual's benefit.
An example of production is the manufacture of automobiles. A car is made up of parts. For example, rubber tires are added to a metal body to create a seat before the car leaves the assembly line. “Production is the organized activity of transforming resources into final products in the form of goods and services. The goal of production is to meet the demand for such transformed resources.
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Globalization can create more opportunities for marketers but along with that comes more pressure because they must take into account T<u>hey will standardize them whenever possible.</u>
<h3>What is
Globalization?</h3>
The contact and integration of people, businesses, and governments around the globe is known as globalization (Commonwealth English; see spelling variations). Since the 18th century, globalization has accelerated due to advancements in communications and transportation technologies. The expansion of international trade and the sharing of ideas, beliefs, and cultures are both results of the increase in global relationships. The main function of globalization is an economic process of connection and integration that has social and cultural components. However, the history of globalization and contemporary globalization both include significant amounts of disagreements and international diplomacy.
Globalization affects the economy in terms of commodities, services, information, technology, and financial resources. The opening up of international marketplaces has a liberating effect on trade in products and money.
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The third one is most appropriate ! as it shows that the money can be stored and later we can use !
Answer:
Explanation:
Are households primarily buyers or sellers in the goods and services market?
A. Buyers
Households are primary buyers in the goods and service market. Households buy goods and services from the producers in the goods and services market
Are households primarily buyers or sellers in the labor market?
B. Sellers
- Households are sellers in the labor market. They sell their services in exchange for wages
Are firms primarily buyers or sellers in the in the labor market
A. Buyers
Firms are buyers in the labor market. They buy the services of households
Are firms primarily buyers or sellers in the goods and services market?
B. Sellers
Firms are sellers in the goods and services market. They sell their finished goods and services
