Answer:
Elon Musk's motivation to build an electric car company can be understood by by Tesla's vision statement: “to create the most compelling car company of the 21st century by driving the world's transition to electric vehicles.
Clearly, he build Tesla because he wanted people to shift to clean energy sources from fossil fuel as the Earth is facing the problem of global warming.
Considering Elon Musk's entrepreneurial mindset and technical abilities, he must have studied business and engineering, which I think is very essential because business studies give you the know-how of doing business, managing people and leadership skills. And studying engineering would give you technical skills to bring an innovation like an electric-car.
SolarCity, a subsidiary of Tesla, is Musk's another company that specializes in solar energy services. This is as important as Tesla for him because this contributes to his broader mission to curb fossil fule usage.
Since planet Earth has limited resources and the population is increasing exponentially, one day natural resources won't be enough to sustain human life. This may be the reason why Musk wants us to be able to live on other planets.
Answer:
Process operations are for when there are multiple goods to be produced. These products normally have the same specifications so can be mass produced.
This is different from Job order operation which is used when a single good is product. It is usually used for customized goods.
Process operations:
- Beach towels
- Bolts and nuts
- Lawn chairs
- Headphones
Job Order operation
Answer:
b. a radio broadcast
Explanation:
The pure public good is a good which is non-rivalrous and non-excludable. Non-rivalrous represents that the goods does not diminshed in the case when more people consumed it while on the other hand, the non-excludable represents that the goods are available to all
Therefore as per the given options, the option b is correct
hence, the other options are incorrect
Answer:
Price of B is $4
Explanation:
Marginal rate of transformation is defined as the amount of a good x has to stop being produced inorder to produce a certain amount of a good y. Factors of production and technology used are assumed to be constant.
In this scenario the marginal rate of transformation is -2, that is 2 units of good B can be traded for 1 unit of good Z, mathematically
2 * Pb = Pz
Substitute price of Z
2* Pb = $8
Pb= 8 ÷ 2
On= $4
Answer:
Income Statement
Explanation:
The income statement is among the three financial statements that a business prepare at the end of a period. It reports on business profitability.
An income statement has three parts,
- The revenue section that lists all sources and the amounts of revenues for the period. Revenues include discounts received and purchase returns.
- The expenditure section indicates all the expenses the business incurred in generating its revenues.
- The income section tells whether the business made a loss or a profit. It is the difference between the revenue and the expenses.