Answer:
The eBay website provides a platform for the small business to grow and do business using their sites.
Explanation:
eBay is a multinational e-commerce company situated on California. The company sells goods and items that is registered on its site.
Recently eBay, the e-commerce giant has pledge a 100 million dollar to support and help the small business of America. For this eBay is :
- eBay is providing the new businesses in America a free of cost basic eBay store for a period of three months.
- It is waiving off the fees for selling products for up to 500 sold products on eBay websites.
- It will provide marketing as well as the merchandising tools, the discounted shipping supplies and the customization features so that the businesses can help build their brands.
Answer:
Direct Material:
Airplane seats . . . . . $220
Total= $220
Direct labor:
Assembly workers' wages . . . . . . . . $600
Total= $600
Indirect labor:
Production supervisors' salaries . . . . . . . . . . . . . . $170
Factory janitors' wages . . . . . . . . . . . . . . . . . . . . . $60
Total = $230
MOH:
Machine lubricants . . . . . . $35
Depreciation on forklifts . . . . . . $110
Total = $145
Explanation:
The given manufacturing costs of an airplane have correctly been classified along with their totals as mentioned above. Direct materials are characterized as the materials that are directly used to manufacture the product while direct labor is defined as the people who are responsible for producing the unit of the product. Indirect labor are the workers who are not directly associated with the manufacturing of the product but they ensure effective running of day-to-day work. MOH is defined as the manufacturing overhead cost which is the total of all indirect costs responsible for the manufacturing of the product.
Answer: Social responsibility
Explanation:
According to the given question, the social responsibility is practicing by an organization when the management of the firm considering all the economical or the social issue in the decision making process.
- In an organization, the social responsibility is helps in maximizing the shareholder value.
- It also providing the various types of benefits in an organization and it is known as the CSR (Corporate social responsibility).
- It also contribute in the welfare of the environment and the society.
Therefore, Social responsibility is the correct answer.
Answer:
D. Neither country could gain from trade with each other because neither one has a comparative advantage
Explanation:
Opportunity cost refers to the units sacrificed from production of one good to produce an extra unit of another good.
In the given case, the number of workers are same.
The opportunity cost for producing corn instead of oats by Cornland would be : 10/40 units of oats = 0.4 units of oats
Similarly, the opportunity cost for producing corn by Oatland = 5/ 20 = 0.4 units of oats
Similarly, the opportunity cost for producing oats by Cornland = 4 units of corn
Opportunity cost for producing oats by Oatland = 4 units of corn.
As can be seen, none of the two i.e Cornland or Oatland enjoys a comparative advantage over other since for both, the opportunity cost is the same.
Hence, neither country would gain out of trade.
Answer:
When the government imposes a Maximum Price on a competitive market, if the equilibrium price is below the maximum price, then that policy will have no effect on that market, since the current price is below the ceiling price. However, if the equilibrium price is above the ceiling price, the good will become scarce and sellers must ration it among a large number of potential buyers.
The rationing mechanism is inefficient and unfair, will generate long queues between consumers and possible discrimination by sellers, since they will not be able to sell the good to those who value it most (equilibrium price based on supply and demand ) but they will sell it to whomever they prefer. Sellers may prefer to sell this good to their friends, family or even those who are willing to give an additional amount of money "under the table", thus generating a potential black market for that good.
