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Vanyuwa [196]
3 years ago
5

In a command economy, the government does not decide where a person works True or false

Business
1 answer:
alukav5142 [94]3 years ago
3 0

A command economy is a system where the government, rather than the free market, determines what goods should be produced, how much should be produced and the price at which the goods are offered for sale. It also determines investments and incomes. The command economy is a key feature of any communist society. Cuba, North Korea and the former Soviet Union are examples of countries that have command economies, while China maintained a command economy for decades before transitioning to a mixed economy that features both communistic and capitalistic elements .

False


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To partially eliminate the problems that are associated with the short-term focus of return on investment, residual income, and
levacccp [35]

To partially eliminate the problems that are associated with the short-term focus of return on investment, residual income, and EVA, the performance of a division's major investments is commonly evaluated through (E) post audits.

<h3>What are post audits?</h3>
  • The post-audit procedure establishes a formal process (feedback) for assessing whether existing initiatives should be continued, extended, or discontinued.
  • That is, the post-audit gives useful information that can be used to fix problems before an investment's performance is jeopardized.
  • The purpose of the post-audit review process is to ensure that management has addressed all of the recommendations given in the Audit Report.
  • The Post-Audit Review occurs shortly after the agreed-upon implementation deadline, which management committed to in the management response.

Therefore, to partially eliminate the problems that are associated with the short-term focus of return on investment, residual income, and EVA, the performance of a division's major investments is commonly evaluated through (E) post audits.

Know more about post audits here:

brainly.com/question/24112426

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7 0
2 years ago
The Production Department of Hruska Corporation has submitted the following forecast of units to be produced by quarter for the
Brut [27]

Answer:

$258,530

Explanation:

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Years

Units to be produced 10400 9400 11400 12400 43600

labor hour per unit 0.25 0.25 0.25 0.25 0.25

Total hours required 2600 2350 2850 3100 10900

Variable overhead per unit 1.70 1.70 1.70 1.70 1.70

Total variable overhead 4420 3995 4845 5270 18530

Fixed overhead 84000 84000 84000 84000 336000

Total manufacturing overhead 88420 87995 88845 89270 354530

Less: Depreciation 24000 24000 24000 24000 96000

Cash disbursement for manufacturing overhead 64420 63995 64845 65270 258,530

Therefore the company’s total estimated direct labor cost for each quarter of the upcoming fiscal year and for the year as a whole will be $258,530

5 0
3 years ago
Athleisure, Inc. sells athletic gear by sending customers a catalog nine times a year. The company has no retail stores or websi
Ymorist [56]

Answer:

Telemarketing

Explanation:

Telemarketing involves the use of telecommunications devices like telephone, internet, and fax to market commodities to potential buyers. Telemarketers are the ones that usually do the marketing of the goods and services, but it now more of automated telephone calls or robocalls.

The advantages of telemarketing is that it saves time and cost, and it is also convenient. However, it has a major demerit which is the fact that allow of scams and fraud are now being committed through it.

I wish you the best.

5 0
3 years ago
The monopoly maximizes profit by setting a. price equal to marginal revenue. b. marginal revenue equal to marginal cost. c. pric
Ksenya-84 [330]

(C) price equal to marginal cost.

Monopoly is a market condition with only one seller of a product where there is barriers to entry of others and presence of no substitutes.

The level of profit is maximised in a monopoly when the marginal cost equal the marginal revenue. They choose an output and price certainly without exceeding the marginal revenue. The price is greater than average revenue of the production and get the profit maximise output.

In case monopoly quantity will be lower and the price will be higher than that of a competitive firm. Marginal revenue can only be zero when the production falls or not have been started yet.

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3 0
2 years ago
Good morning everyone how yall doing today
elena-14-01-66 [18.8K]

Answer:

very good morning dear...

have a NYC day ahead... :)

5 0
2 years ago
Read 2 more answers
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