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klio [65]
3 years ago
11

3. Earning of profit is regarded as the main objective of business? Explain by giving any 3reasons

Business
1 answer:
netineya [11]3 years ago
3 0
Profit maximization is usually a main aim of most businesses in the private sector.

1) Usually people invest personal savings into starting businesses so that the return (aka profits) can be greater than the investment and they can earn a better living.

2) If profit is earned then the business would have enough money to pay dividends to its investors/shareholders, otherwise it wouldn’t have enough money to give as dividends and it will lose its investors.

3) Profit is required for the business to survive in competitive markets.
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Workforce is defined as . Answer Choices A. employees, volunteers, trainees and other persons whose conduct, in the performance
Marrrta [24]

Answer:

The correct answer the following question is option A) .

Explanation:

In simple words a workforce can be defined as the total number of people or employees who are working for someone or they are on employers payroll . This will include the whole population of the country who are currently working and also the people who are currently unemployed but are looking for a job. So as per the definition we know, the correct option would be A) where workforce would consists of employees, volunteers etc, whose conduct in the performance of work covered entity or business associate, is under direct control of such entities , whether or not they are paid by such entities.

7 0
3 years ago
Matt Shaw buys 100 shares of common stock for $8,000 in January. The value of the stock fluctuates in a narrow range (averaging
jekas [21]

Answer:

a. $8,200

Explanation:

The same accounting principles would be applied to non-profit entities while recording their assets as applied to other entities.

Non-profit entity would record its assets at fair value same as assets are recorded by other entities.

3 0
3 years ago
What is an expenses?
Lelu [443]

Answer:

It’s like the price or the cost

Explanation:

5 0
3 years ago
Read 2 more answers
Stryker Industries received an offer from an exporter for 27,000 units of product at $17 per unit. The acceptance of the offer w
Aloiza [94]

Answer:

$162,000

Explanation:

Income Statement - New Offer

Sales (27,000 x $17)                                           $459,000

Less Variable Costs of the offer :

Variable manufacturing costs (27,000 x $11)  ($297,000)

Net Income (Loss)                                               $162,000

therefore,

the amount of income  from the acceptance of the offer is $162,000

7 0
3 years ago
For an economy starting at potential output, a decrease in planned investment in the short run results in a(n):
Kruka [31]

Question:

For an economy starting at potential output, a decrease in autonomous expenditure in the short-run results in a(n):

A. increase in potential output

B. recessionary output gap

C. decrease in potential output

D.  expansionary output gap

Answer:

The correct answer is B

Explanation:

A decrease in autonomous expenditure shifts the Planned Aggregate Expenditure curve downward thus creating a lower equilibrium output.

PAE = C + Ip + G + NX

where

PAE  = Planned Aggregate Expenditure

C = consumption

Ip = Investment Spending

G = Government Spending

NX =  Net Export

If an economy has its output equal to its potential, this will create a reduction in short-run equilibrium output leading to a recessionary output gap.

Cheers!

6 0
4 years ago
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