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zlopas [31]
3 years ago
7

In a market system, which component conveys information about what is relatively scarce and what is relatively abundant?

Business
1 answer:
denis23 [38]3 years ago
8 0

<span>The answer is price. The price of a good conveys about its relative scarcity or abundancy. If the price is high, the good is scare meaning you can gain money by selling extra of it, and you can save money by buying a lesser amount of it. If you act according to your self-interest, selling more and buying less of that costly good, the scarcity of that good will be toned-down. If the price of a good is low, you can exhilarated to do the contrary, thus removing any excess of the good in the market. </span>

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Short paragraph about Junior Technical Assistant​
kati45 [8]

Answer:

Ttechnical assistants are junior-level administrative employees who report directly to the company manager or team leader. Their role is to provide both administrative and technical support for business clients or the internal team. Technical assistants work in a variety of fields including healthcare, computer science, manufacturing, and bankingg.

Explanation:

8 0
2 years ago
Money facilitates trade because: Group of answer choices it serves as a medium of exchange. it eliminates the need for specializ
gogolik [260]

Answer:

It serves as a medium of exchange.

Explanation:

It serves as a medium of exchange is the correct answer because in the trade money plays an important role and it makes the trading very easy as compared to barter system where a person has to find the other person who is in the need of same commodity through which the other person wants to exchange. Moreover, the use of money as a medium of exchange eliminated all the problems that were in the barter system.

7 0
2 years ago
In which business organizations will all the owners be allowed to manage or control the entity while enjoying limited liability?
barxatty [35]

Answer:

The Corporation and Partnership forms of business.

Explanation:

In Limited Liability the profits and losses are transferred to owners without Taxation and there is a shield of personal liability is also available.

5 0
3 years ago
Sal was recently promoted at work and was having a difficult time with several staff members who seemed to just do the work the
nadezda [96]

Answer:

Legitimate power

Explanation:

The legitimate power is based on the authority that someone has to give instructions and orders to others; the base of this kind of power is a title or higher position, however, if the person loses his title the legitimate power is lost.

The difference between coercitive power and legitimate power is that the person who practices the coercitive power punishes the behavior that goes against his orders,

During a job a person can receive an order and being threatened with getting fired or a salary reduction.

6 0
2 years ago
Pirate seafood company purchases lobsters and processes them into tails and flakes. it sells the lobster tails for $21 per pound
mote1985 [20]
Allocated costs of items sold = $10337.48
Allocated costs of remaining inventory = $2268.76

First, calculate how much inventory is actually produced from 2400 lbs of lobsters.
Tails = 2400/100*52 = 1248
Flakes = 2400/100*22 = 528

The value of that inventory is:
Tails = 1248 * $21 = $26208
Flakes = 528 * $14 = $7392
Total = $26208 + $7392 = $33600
<span>Now the percentage of value to distribute costs among.
Tails = 26208 / 33600 = 0.78
Flakes = 1 - 0.78 = 0.22

Cost of inventory
Materials: 2400 * $4.50 = $10800
Labor: $1,800
Total: $10800 + $1800 = </span><span> $<span>12600

Now let's distribute the cost between the tails and flakes:
Tails: 0.78 * $12600 = $9828
Flakes: 0.22 * $12600 = $2772

Now let's calculate the cost per pound of the inventory
Tails: $9828 / 1248 = $7.88/lb
Flakes: $2772 / 528 = $5.25/lb

Of the 1096 lbs of tails sold, that leaves 1248-1096 = 152 lbs in inventory.
Cost of tails sold = 1096 * $7.88 = $8636.48
Cost of remaining tail inventory = 152 * 7.88 = $1197.76

Of the 324 lbs of flakes sold, that leaves 528-324 = 204 lbs in inventory.
</span></span>Cost of flakes sold = 324 * $5.25 = $1701
Cost of remaining flake inventory = 204 * 5.25 = $1071

Allocated costs of items sold = $8636.48+$1701 = $10337.48
Allocated costs of remaining inventory = $1197.76+$1071=$2268.76

4 0
3 years ago
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