CDE are the answers to this question.
Answer: cost
Explanation: In a market economy, the price of the product or service offered are determined by the market forces of demand and supply. Govt. intervention in regulating the market forces is minimal in such markets.
Thus, if the entrepreneurs produce goods at a low cost they will price it low leading to high demand for their product. Thus, they will be compensated well if they cost their product lower than others.
Answer:
How much are total liabilities at the end of the year?$80,000
Explanation:
Beg Balance deb cre End.Balance
Total assets 120000 105000 225000
Liabilities 80000 80000
Equity 40000 40000
Earning 120000 120000
Dividens paid 15000 -15000
Total equity 40000 15000 120000 145000
0 120000 -120000 0
Answer:
b. professional bureaucracy
Explanation:
Bureaucracy refers to a kind of organizational structure which is governed by a clearly defined authority and rigid rules and regulations alongside long chain of hierarchy and reporting, which makes decision making a time consuming affair.
As per Mintzberg, professional bureaucracy is characterized by standardization of skills coupled with vertical and horizontal decentralization of responsibilities.
Such form of organizational structure allows for greater degree of autonomy and control to the professionals w.r.t their work. Such a bureaucracy recognizes the authority of professional expertise instead of the authority of hierarchy.
Such form of organizational structure is usually followed by schools, hospitals and universities wherein, the professional expertise of doctors and teachers define the authority instead of a pre existing chain of hierarchy that dictates what one is permitted to do.
In an experiment, raising his hand would be the dependent variable.
