All categories

3 years ago

Classify each statement as true or false by dragging it into the corresponding category.

Business

1 answer:

Nuetrik [128]3 years ago

4 0

<h2>The following is the classification of the given statements under the categories of true and false:</h2>

When two countries choose to participate in international trade, it is a mutually beneficial activity for both countries - is a TRUE statement as one country gets cheap goods and the other gets profit and valuable foreign currency.

Through specialization and trade, it is possible for a country to consume a combination of goods that is beyond its original production possibilities frontier - is a TRUE statement as import facilities make it possible to have goods from any part of the world.

Wealthier countries always benefit more from international trade than poorer countries do - is a FALSE statement as the benefit depends on the profitability of the trade.

Countries trade for goods in which they do not have a comparative advantage, and therefore, would never trade with nations that have similar resource endowments - is a FALSE statement as countries actually choose to trade in commodities that dispense comparative advantage so as to gain more profits.

You might be interested in

Although Lenin wanted to establish, for the short term, a state-capitalist economic system in Russia, which resembled the succes

SashulF [63]

Answer:

war communism

Explanation:

The necessities of the civil war pushed the government to a more radical economic system known as war communism. This were the economic policies that were introduced in Russia in 1918 towards the end of the first World War by Vladimir Lenin which was the leader of Russia at that time. This Economic Policy was terminated in 1921 and was deemed as a failure.

4 0

3 years ago

Which one of the following statements is correct concerning the concept of materiality?

Alchen [17]

Answer:

D) Materiality is a matter of professional judgement

Explanation:

5 0

3 years ago

Amanda, the sales manager at an e-commerce fashion site, decides the annual, monthly, and weekly targets of all the salespersons

enot [183]

Answer:

The correct answer is B: Planning.

Explanation:

Planning is a key fundamental management function. It is deciding beforehand how are you going to achieve the objectives previously determined. Planning is deciding what needs to be done, when, who and how.

In this case, Amanda set the targets of the salesperson in order to achieve the organizational goals. By planning the sales required, she believes it will take her a step closer to the goals of the period.

4 0

3 years ago

The owner of a greenhouse and nursery is considering whether to spend $6,000 to acquire the licensing rights to grow a new varie

navik [9.2K]

Answer:

4,000.

Explanation:

The Cost, volume, and profit (CVP) analysis helps manager to evaluate capital projects. It is conducted by companies to determine how much of sales must be made to achieve break-even and target profits. This analysis works on several assumptions, these are:

- Selling price per unit is constant.

- Variable cost per unit is also constant.

- Fixed cost remains constant.

- The stocks produced will must be sold.

To conduct CVP analysis, a contribution income statement is prepared. This is a one of the internal reports prepared by management and the equation to it is as follows:

(SP * Quantity) - (VC * Quantity) = CM - Fixed Cost = Operating Income

where

SP = Selling price

VC = Variable cost

CM = Contribution margin

The above given equation can be used for break-even analysis. To do so, simply solve it for "Quantity". Likewise, it can also be used to determine how much units must be sold to achieve a desired/target profit. The focus here is to determine the quantity that must be sold to achieve a target profit of $6,000. Simply put the given information in the equation and find the quantity;

⇒ (6 * Quantity) - (3 * Quantity) - 6,000 = 6,000

OR Quantity (6 - 3) = 6,000 + 6,000

OR Quantity = 12,000 / 3

⇒ Quantity = 4,000.

So, 4,000 units must be sold to achieve a target profit of $6,000.

6 0

2 years ago

A mid-sized manufacturing company produced one thousand component assemblies in july of this year, far exceeding the previous re

Kruka [31]

I guess the correct answer is an award.

A mid-sized manufacturing company produced one thousand component assemblies in July of this year, far exceeding the previous record of 843 assemblies. One week later, the firm had grills brought on site and employees were treated to a steak luncheon. The steak grill-out is an example of an award.

4 0

3 years ago