Answer:
Group of choices:
A. Globalization
B. Economic transformation
C. Deregulation
D. Privatization
The correct answer is D. Privatization.
Explanation:
Privatization is an existing mechanism in the economy through which the government makes an industry or an activity no longer part of the public sphere, being transferred or transferred from the State to private companies or organizations.
The concept of privatization is often related to tools to improve competition, which help companies to improve their cost structure, allowing products to be of higher quality and at lower prices, favoring the consumer.
Since privatization reduces state participation in the economy, it is identified with capitalist policies. This tool is opposed to nationalization.
Answer:
Self actualization need
Explanation:
Since Kyle encouraged his colleagues to do <u>reach their highest potential</u> and take pride in their work. According to Maslow's hierarchy, Kyle appeal to self actualization need
Maslow defined self-actualization to be "the desire for self-fulfillment, namely the tendency for an individual to become actualized in what he is <u>potentially</u>. This tendency might be phrased as the desire to become more and more what one is, to <u>become everything that one is capable of becoming</u>."
The underlined statements in kyle's speech and the definition, are of the same meaning
Answer:
A. average total cost is rising.
Explanation:
Whenever marginal cost is more than average cost it means it costs more to produce a unit now compared to the average cost of the previous units. Lets assume that a company produces 3 units of a good.
The first unit costs $1
The second unit costs $2
The third unit costs $3.
The average cost is (1+2+3)/3=2
Now if the marginal cost for producing a unit is more than the average cost for example if the marginal cost is 4, then this will mean that average total cost is rising. we can mathematically check this.
The first unit costs $1
The second unit costs $2
The third unit costs $3.
The fourth unit costs $4
Average cost= (1+2+3+4)/4=10/4=2.5
Here we see that the average cost increased from 2 to 2.5 because marginal cost was greater than average cost.
Answer:
Lack of competition
Explanation:
A centrally planned economy lack competitiveness. The government decides what to produce, the price, and the distribution channel. Because of these restrictions, there is no motivation for profits. Without competition, a centrally planned economy will have the following features.
- There be a lot of inefficiency and wastefulness.
- Consumers will not have a variety of goods and services to choose from in the markets.
- Businesses will make low profits.
Answer:
Finished goods inventory final balance= 12, 495
Explanation:
PRODUCTION COST COMPONENTS
- Direct materials 12,385
- Direct work 10,600
- Lease and utilities 9,600
TOTAL PRODUCTION COST = 32,585
TOTAL UNITS PRODUCED = 6,650
UNIT COST= (Total Production Cost / Total Units Produced) = 32,585 / 6,650 = 4.9
FINAL GOODS INVENTORY = (Total Units Produced – Total Units Sales) = 6,650 – 4,100 = 2,250
FINAL GOODS INVENTORY AMOUNT = (Final goods Inventory * Unit Cost) = 2,250 * 4.9 = 12,495
