Answer and explanation:
Several characteristics could allow the Board of Directors to lead corporate governance effectively but the most important are <em>making good decisions for the overall company, determination to impose the firm's objectives and having others set their mind to them, </em>and <em>dedication to be part of the organization's work towards reaching those goals.</em>
Human labor is used in a Capitalist system in order to make products.
Answer:
Debit Credit
Property plant and equipment (Plant) $1,965,166
Cash $1,965,166
Being the cost of construction of plant building
Explanation:
<em>According to International Accounting Standards (IAS) 16, property plants and equipment, the cost of land includes all of the cost necessary to bring and make it ready for the intended use. </em>
The total cost of the plant = 451,000 + 31,900 + 47,156 + 1,349,900 + 85210
= $1,965,166
The journal entry
Debit Credit
Property plant and equipment (Plant) $1,965,166
Cash $1,965,166
<em>Being the cost of construction of plant building</em>
When firms maximize their profits, society's output will also be maximized is the concept of the 'invisible hand.' This was first introduced by Adam Smith in the mid 1700's.
Answer:
By providing loans so people can open businesses
Explanation:
Financial institutions act as intermediaries between the source and users of credit. By accepting deposits from the general public, financial institutions pool together resources that firms and individuals can borrow to start or expand their business.
Financial institutions include commercial banks, saving and credit unions, among others. They offer credit services to clients from the customers' deposits. The loans help individuals and firms start and grow their business, which leads to growth in the entire economy.
