Answer:
B) regenerative
Explanation:
A material requirements planning (MRP) system is used to merge several production activities into one single system that controls production and inventory. It's similar to ERP systems but it only focuses on the production area of a company. Using MRP systems enables production planning, scheduling, and control of production inputs (e.g. materials).
All MRP systems should be regularly updated in order to be efficient.
A firm will work with a customer to design the product, and then make it from purchased materials, parts, and components. this firm is called <u>a make order firm.</u>
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A firm is a for-profit business, generally formed as a partnership that provides professional services, along with criminal or accounting offerings. The theory of the firm posits that firms exist to maximize profits. The term firm is synonymous with enterprise or organization. firms can operate beneath several distinct structures, including sole proprietorships and corporations.
In income, commerce, and economics, a customer is a recipient of a good, service, product, or idea - obtained from a seller, vendor, or supplier via a monetary transaction or change for money or some other valuable consideration.
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Answer:
(a) (i) Define the term "Green Revolution" as used during the period 1945 to 1985.
- The use of modern agricultural techniques became widespread around many regions in the world. This led to higher yields through the use of fertilizers, pesticides, genetically modified seeds and mechanical machinery.
(ii) Explain the principal agricultural practices/technologies associated with the green revolution.
- extensive use of fertilizers, pesticides, genetically modified seeds and mechanical machinery.
(iii) Name TWO regions, in different parts of the world, where the green revolution has had a significant impact on crop yields.
- In North America, Mexican food production increased and they stopped importing food. Although currently that has reversed, and it is importing even more food than before.
- In Brazil, agricultural production increased dramatically. Both total farmed area and yields have continued to increase in the past years becoming a threat to the amazon basin.
(b) Identify and discuss TWO social, political, or cultural conditions necessary for the success of the agricultural practices/technologies of the green revolution.
- Emigration from rural areas to urban areas which resulted in a rapid expansion of urban centers. Since less labor was needed in farms, many people left rural areas due to lack of jobs.
- People started accepting genetically modified crops, which were not well accepted at first. A lot of money was invested in research and development of new seeds, fertilizers and pesticides.
(c) Identify and discuss TWO significant economic or ecological factors that may limit the long-term success of the agricultural practices/technologies of the green revolution.
- Many new agricultural techniques have resulted in a decrease of soil fertility. In many places crops cannot grow unless a lot of fertilizer is used.
- Countries were the green revolution was originally successful, like Mexico (where it started), have reduced the total area dedicated to crops. As the yields increased, the price of food started to decrease and many small farms could not keep operating.
Answer:
a. is always the middle value of replacement cost, net realizable value, and net realizable value less a normal profit margin.
Explanation:
As we know that inventory will be recorded at cost or market value whichever is lower. But in the given case, the replacement cost would be recorded at higher values and lesser values. Higher values represent the Net realizable value whereas the lesser values represent the net realizable value less than the normal profit margin.
And if the replacement cost lies in this range than it represents the designated market value.
Hence, option a is correct.
Answer:
Bellisima's opportunity cost:
-
Production of corn per million hours of labor = 8 / 16 = 0.5 pairs of jeans
- Production of jeans per million hours of labor = 16 / 8 = 2 bushels of rye
Dolorium's opportunity cost:
-
Production of corn per million hours of labor = 5 / 20 = 0.25 pairs of jeans
- Production of jeans per million hours of labor = 20 / 5 = 4 bushels of rye
Dolorium has a comparative advantage int he production of rye while Bellisima has a comparative advantage in the production of jeans.
If both countries specialize:
- Dolorium will produce 80 million bushels of rye.
- Bellisima will produce 32 million pairs of jeans.
Total production of rye has increased by 12 million bushels.
Total production of jeans has increased by 9 million pairs.
