The four factors of production are land, labor, capital and entrepreneurship. These factors influence economic growth, innovation and consumer habits.
Combining different material and immaterial inputs to create something for consumption is the process known as production. It is the process of producing an output, a good, or a service that has value and enhances people's utility.
Directly resulting from the productive use of the initial inputs is the production process and output. Land, labor, and capital are regarded as the three primary production factors, or primary producers of goods or services. In the output process, neither the primary inputs nor the output product are significantly changed.
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The goal of unionisation is to reach an agreement on pay or other terms and circumstances of the employment contract between the employer and a team of people, or perhaps the entire workforce.
<h3>What serves as a means for provision?</h3>
A provision is cash saved in the funds to cover any liabilities that may arise in the future. To improve the accuracy of something like the current year's balance, a provision is utilized to allow for costs that could, in some cases, be offset with in current or prior financial year.
<h3>Which preparations are required?</h3>
A "business make better term" lease clause stipulates that the tenant must return the doors to the home in the same condition that they found it.
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Answer:
Decision making process are as follows
Identification of problem
Collection of problem
Analyzing the problem
Taking Multiple Alternatives
Selecting best alternates
Taking decision
The best type of account for Jorge, who has $300 for work he performed and expects to spend the money in the next few weeks to buy a new bike is checking account. A checking account is useful for money that you will be spending soon, like in Jorge's case. Checking account can be accessed using checks, automated teller machines and electronic debits.
Answer:
The transactions in the question seems requiring for the journal entries. You can find them below.
Explanation:
<u>Transaction A:</u>
Debit: Cash $8,000
Credit: Capital $8,000
<u>Transaction B:</u>
Debit: Equipment $1,625
Credit: Cash/Bank $1,625
<u>Transaction C:</u>
Debit Purchases - Inventory: $4,000
Credit Cash/Bank: $4,000
<u>Transaction D:</u>
Debit: Bank $1,200
Credit: Bank loan $1,200
<u>Transaction E:</u>
Debit: Rent expense $750
Credit: Cash/Bank $750
<u>Transaction F:</u>
Debit: Dividend expense $800
Credit: Cash/Bank $800
<u>Transaction G: </u>
Debit: Employee payroll - wages expense $1,860
Credit: Cash/Bank $1,860
<u>Transaction H:</u>
Debit: Cash/Bank $3,120
Credit: Sales $3,120
<u>Transaction I:</u>
Debit: Bank loan $150
Credit: Cash/Bank $150