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3 years ago

Define a Small Scale Enterprise as per ‘MSMED Act, 2006’.

Business

1 answer:

ASHA 777 [7]3 years ago

7 0

Explanation:

the Government of India has in acted, small and medium enterprises development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is an enterprise where the investment in plant and machinery is more than rate 25 lakh but does not exceed rate.

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Louise purchased a disability policy when her salary was $4,000 a month. Later, she lost that job and her salary was reduced to

kondaur [170]

Answer:

$3,500

Explanation:

This is because every Health and Disability Income Policy express the conditions and provisions for continuation of the contract on the new income level.

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3 years ago

Each Cutco knife goes through 30 steps to ensure that it meets the firm's standards and provides a good value for a premium prod

ladessa [460]

Answer:

Quality control

Explanation:

Quality control is a system of maintaining quality by periodically testing a sample of the output to ensure that is within the specifications.

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3 years ago

Consider the following data on the factor endowments of two countries, A and B: Labor Force (millions of workers) 45 20Capital S

Alexus [3.1K]

Answer:

a. Country A

b. Country B

c. Country A

Explanation:

Given

For Country A

Labor force = 45 million = 45000000

Capital Stock = 15 thousand= 15000

For Country B

Labor Force = 20 million = 20000000

Capital Stock = 10 thousand = 10000

a. Which country is relatively capital abundant

A country is capital abundant if its endowment of capital relative to other factors is large compared to other countries.

We calculate the capital/labor ratio for each country.

For A, Ratio = 45000000÷15000 = 3000

For B, Ratio = 20000000÷10000= 2000

The Ratio of country A is greater than B.

So, A is capital redundant.

b. Which country is relatively labor abundant

A country is labour abundant if its endowment of labour relative to other factors is large compared to other countries.

We calculate the labor/capital ratio for each country

For A, Ratio = 15000÷45000000 = 0.000333

For B, Ratio = 10000÷20000000 = 0.0005

The Ratio of country B js greater than A

So, B is capital redundant.

c. Suppose that good S is capital intensive relative to good T. Which country will have comparative advantage in the production of S?

Heckscher–Ohlin theorem in the two-factor case, it states: "A capital-abundant country will export the capital-intensive good, while the labor-abundant country will export the labor-intensive good"

So, if product S is capital intensive relative to T then country A will have more advantage in production of product T to aid their exportation.

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3 years ago

Read 2 more answers

_______ planning develops alternative courses of action that may be used in a specific situation when things do not go according

AleksandrR [38]

Pre- is probably the answer, I’m sorry if it’s wrong.

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3 years ago

A financial ratio by itself tells us little about a company since financial ratios vary a great deal across industries. There ar

Sergio [31]

Answer:

When doing time trend analysis for financial ratios we can know how a company's ratio's have changed over time or if they have remained the same, so for example if a company's current ratio was less than 1 a year ago and is 3 now it means that the company was not very liquid a year ago but since then has made changes because of which it is liquid now, so we can see how a company has performed over a certain period of time.

On the other hand peer group analysis tells us how a company is performing compared to other companies in the same industry. For example if our cement company has a profit margin of 7% but the industry average is 15% we know that our company is doing something wrong or different as compared to the industry and we can look into it.

Explanation:

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3 years ago