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2 years ago

True or false: society can attain a higher degree of specialization without the use of money than it can with money.

1 answer:

6 0

Society can attain a higher degree of specialization without the use of money than it can with money. The given statement is false.

In order to become more effective, specialization in business is concentrating on a single product or a small range of items. Specialization can boost productivity and give a company or economy a competitive advantage.

A speedier, more efficient workflow is the outcome of each person being able to give their particular task the degree of focus they are capable of. Through specialization, a worker can leverage their education and work history to speed up procedures and boost sales.

One nation might, for instance, be a specialist in growing coffee beans, giving it a competitive edge. Additionally, it can enable this nation to use its current resources to create a sizable quantity of high-quality coffee beans.

Learn more about specialization here

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The repair order is a legal document and must be signed or verbally agreed to by the customer.

zhenek [66]

A repair order does have to be signed or verbally agreed on by the customer because they are agreeing to pay for the service that is completed by the repair shop. If the customer signs the paperwork agreeing that the work can be completed, they are also agreeing they will pay for the service. The customer will be held responsible of they do not pay.

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3 years ago

Presented below is information available for Concord Corporation. Current Assets Cash $ 4500 Short-term investments 50500 Accoun

disa [49]

Answer:

2.42 times

Explanation:

The computation of the acid test ratio is shown below:

Acid test ratio = Quick Assets ÷ Current liabilities

where,

Quick Assets = Cash + short term investment + account receivable

= $4,500 + $50,500 + $66,000

= $121,000

And, the current liabilities is $50,000

So the acid test ratio is

= $121,000 ÷ 50,000

= 2.42 times

Basically we applied the above formula to find out the acid test ratio

3 0

3 years ago

Lossing Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overh

timofeeve [1]

Answer:

$1,188 unfavorable

Explanation:

Volume variance = Budgeted fixed overhead cost - Fixed overhead applied to work in process.

$89,640 ÷ 8,300 machine hours

= $10.8 per machine hours

= $89,640 - ( 8,190 machine hours * $10.8 per machine hours )

= $89,640 - $88,452

= $1,188 unfavorable

4 0

3 years ago

Which of the following statements is FALSE?A. A stock split is an increase in a firm's shares outstanding without any change in

Stolb23 [73]

Answer:

The false statement is letter "C": A stock buyback refers to the purchase of the firm's shares of stock by the firm's debt holders.

Explanation:

A stock buyback refers to <em>publicly traded companies buying back their shares from shareholders</em> -not debt holders as in option "C". This reduces the number of outstanding shares in the market and typically in simple market dynamics raises the stock price. Companies fund their buybacks with excess cash. since they do not find any other better destination for that money.

8 0

3 years ago

This type of data display are excellent ways to organize and categorize data and can be useful to examine the detail of a specif

galben [10]

Answer:

C : Tables

Explanation:

Tables represent the simplest way to organize data to display details of specific contents. In tables data is represented in rows and columns. Rows represent each data or data category. Columns are used for displaying features of each data, like sex, age, income level, etc.

8 0

3 years ago