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loris [4]
3 years ago
6

Why does a large industrial sector not always indicate that a nation is fully developed?. . A.Development depends on rate of ind

ustrialization. . B.The standard of living may not have risen with industrial growth. . C. Environmental standards may differ from industrial standards. . D.Focus on industry may slow technological advancement
Business
2 answers:
Leviafan [203]3 years ago
7 0

A large industrial sector doesn’t always indicate that a nation is fully developed because the standard of living may not have risen with industrial growth. An example of this is North Korea. It has a large industrial sector but also a low standard of living, so it’s not considered developed. The correct answer between all the choices given is the second choice or letter B. I am hoping that this answer has satisfied your query and it will be able to help you in your endeavor, and if you would like, feel free to ask another question.

BaLLatris [955]3 years ago
4 0

Answer:

The answer is: B)The standard of living may not have risen with industrial growth.

Explanation:

A large industrial sector is only one of many different variables generally applied to determine if a country is fully developed or not. The most commonly used variables are:

  • gross domestic product (GDP),
  • the per capita income,
  • level of industrialization,
  • amount of widespread infrastructure,
  • general standard of living.

The easiest way to analyze this is by using China as an example. China in a very short term will be the country with the highest GDP in the world (it currently is number 2 after the US). It is very industrialized. Has continually invested in enormous infrastructure projects.

But it still lags in GDP per capita, it is not very high, only $8,826.99 in 2017, while the US GDP per capita in 2017 was $59,531.66

Other element in which they are not doing so well, even though they have improved A LOT, is the general standard of living. China still needs to improve even more in this part and that takes time.

So even as China will probably become the world's largest economy, they aren't considered fully developed yet.

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A department transferred 7,000 units to the finished goods storeroom during a month. There was no beginning work in process inve
ivann1987 [24]

Answer:

It will be used using the Equivalent unit cost

$2.27

Explanation:

Period Cost / Equivalent Unit = Equivalent Unit Cost

16,800/7,400 = 2.27027 Equivalent Unit Cost

8 0
2 years ago
Sandy earned a salary of $50,000 last year. Her parents gave her a car valued at $23,000 for her birthday. In addition, she earn
IgorLugansk [536]

Answer:

$51,200

Explanation:

Gross income computation includes all forms of income such as wages, rents, royalties, dividend etc. However, gifts and inheritances are not considered as a part of the gross income.

Therefore, Sandy's gross income consist of her salary, and the interest income

Sandy's Gross income = 50000 + 1200

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The inheritance of her grandmother's estate and car gift are not included as a part of Sandy's gross income.

5 0
3 years ago
A basic CRM premise is that customers form relationships with companies as opposed to companies conducting individual transactio
Romashka-Z-Leto [24]

Answer:

True.

Explanation:

In Business management, customer relationship management (CRM) can be defined as the basic combination of strategies, technologies, techniques and practices for the management and evaluation of customer interactions and informations with the company's past, current and potential customers, for the purpose of increasing sales, growth and improving customer satisfaction.

A basic customer relationship management (CRM) premise is that customers form relationships with companies as opposed to companies conducting individual transactions with customers. In order to build a mutual and strong customer relationships, it is very important and essential to create a communication medium. Companies shouldn't just engage in a one-sided business transactions with their customers, it is important and essential that they try to find out what the wants or basic needs of their customers is. Consequently, they would then be able to proffer a solution or inform them that they have a solution to meet the customer's wants or requirements.

<em>Hence, in order to build a seemingly and effective customer relationship management, companies should ensure they employ competent and professional managers who has a good listening ear and pays so much attention to details. </em>

4 0
2 years ago
You are considering the purchase of an office building for $1.5 million today. Your expectations include the following: first-ye
ddd [48]

Answer:

$289000

Explanation:

Effective Gross Income (EGI): Effective Gross Income is calculated by deducting the Vacancy and collection (V&C) loss from Gross Potential Income (GPI).

First year gross potential income (PGI) is $340,000

Vacancy and collection (V&C) loss is 15% of gross potential income

Therefore, (V&C) allowance = [$340,000 15%]

= $51,000

Calculate Effective Gross Income (EGI) for the first year of operations:

Item

Amount

Potential gross income (PGI)

$340,000

Less: V&C allowance (at 15% of PGI)

($51,000)

Effective Gross Income ( EGI )

$289,000

Hence the EGI is $289,000

7 0
3 years ago
Q: What determines the balance of production and consumption?
ANTONII [103]
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6 0
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