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Novosadov [1.4K]
3 years ago
11

which of the following best explains why resources need to be allocated in the game of economics? A) natural resources are often

found in places far from where they are used for production B) if sufficient resources are not set aside for future production, scarcity cannot be eliminated C) there are not enough resources to produce all of the good and services that everyone wants. D) there are always different production methods for the same goods and services
Business
2 answers:
professor190 [17]3 years ago
8 0

Which of the following best explains why resources need to be allocated in the game of economics? C. There are not enough resources to produce all of the good and services that everyone wants. There will never be enough resources available to produce everything that every person wants, so there needs to be a purpose for the ones we do have available and where they need to be allocated. Although, in a perfect world, there will be enough goods and services that everyone wants available when they want them, that just isn't the case so it's important to make sure the needs are produced before the wants.

DerKrebs [107]3 years ago
4 0

C) there are not enough resources to produce all of the good and services that everyone wants.

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The following transactions were selected from the records of OceanView Company:
Bezzdna [24]

Answer:

$19,380

Explanation:

The computation of the net sales for the two months is shown below:

= Sale value of merchandise as on July 12 + Sale value of merchandise  as on June 15 +  Sale value of merchandise  as on July 20 - sales discounts from July 15 sale

= $3,500 + $10,500 + $5,800 - $10,500 × 4%

= $3,500 + $10,500 + $5,800 - $420

= $19,380

Since the payment is collected on June 23 i.e within 10 days so it is eligible for sales discounts

And from July 20 sale no sales discounts is eligible as it is exceeded than 10 days  

3 0
3 years ago
A company has decided to discontinue a component of its business but, when the reporting period ends, the component has not yet
azamat

Answer: income from operations for the year and the amount by which the component’s fair value less cost to sell is less than book value

Explanation:

Discontinued operations is simply and accounting term which means the parts of the core business of a company that have either been shut down or divested.

With regards to the question, the amount that the company would report as income from discontinued operations would be the income or loss that was gotten from operations, that is revenues, the expenses, gains and the losses and the impairment loss.

Therefore, the correct answer will be option B "Income from operations for the year and the amount by which the components fair value less cost to sell is less than the book value".

5 0
2 years ago
Prextos Corp., after incurring losses, decides to move its manufacturing unit to a foreign location where it would get labor at
Darya [45]

Answer:

Offshoring

Explanation:

offshoring is the  process of  moving an aspect of a business process overseas with the intention of  reducing cost.

A firm can move its manufacturing process from its own parent country to another country (usually where the  labour rate and cost of raw materials is cheap compared to what it obtainable in its home country) in other to  reduce  its cost of production thereby increasing its added value.

From the above explanation, we can conclude that Prextos is planning to employ  Offshoring to cut down losses.

7 0
3 years ago
Each year a company selects a number of employees for a management training program. On average, 60 percent of those sent comple
Gnesinka [82]

Answer:

the probability that exactly 8 complete the program is 0.001025

Explanation:

given information:

60 % of those sent complete the program, p = 0.6

the total of people being sent, n = 27

exactly 8 complete the program, x = 8

to find the probability, we can use the following formula

P(X=x)=\left[\begin{array}{ccc}n\\x\\\end{array}\right] p^{x} (1-p)^{n-x}

P(X=8)=\left[\begin{array}{ccc}27\\8\\\end{array}\right] 0.6^{8} (1-0.6)^{27-8}

P(X=8)=\left[\begin{array}{ccc}27\\8\\\end{array}\right] 0.6^{8} (0.4)^{19}

                = 0.001025

3 0
3 years ago
Nicole works for RTFC Enterprises as a regional sales representative. RTFC is a prominent producer of board game supplies. Nicol
MaRussiya [10]

Answer:

internal entrepreneur

Explanation:

According to my research on different types of entrepreneurs, I can say that based on the information provided within the question Nicole is an internal entrepreneur. This term is defined as a person within a large corporation who is taking a direct approach for turning an idea into a profitable finished product, usually by being assertive and pushing through organizational obstacles.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
3 years ago
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