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LuckyWell [14K]
3 years ago
13

As a proponent of the free market, Adam Smith viewed the main factors of production as labor, land, capital and entrepreneurship

.
True or False?
Business
1 answer:
hjlf3 years ago
3 0
The four main components of production are labor, land, capital and entrepreneurship as defined by Adam Smith. Labor refers to amount of work put into the production. Productivity is an index of how good the production performs. Land refers to the space. This is where the other element: labor is located. It is a passive element and the least important one among the factors. Capital is the starting investment to put up the production and lastly entrepreneurship is the technique used to sustain the business.Entrepreneurs are so called the agents of growth. These ideas are all included in Adam Smith's <span>Theory of Development in Economics. </span>
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Lee went to great lengths to make sure that Heard was considered an independent contractor and it didn't work. Since Lee made it
tekilochka [14]

The court found the employee status because he had and agreement indicating that he was an independent <em>contractor</em>.

<h3>What is an independent contractor?</h3>

It should be noted independent contractors are the contractors that don't work under an employer. They work independently.

In this case, the court found the employee status because he had and agreement indicating that he was an independent contractor.

Learn more about independent contractor on:

brainly.com/question/7429981

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8 0
2 years ago
The following information was taken from the bank reconciliation for Mooner Sooner Inc. at the end of the year:
Lunna [17]

Answer:

The correct cash balance that should be reported in Mooner Sooner's balance sheet at the end of the year is $5,800.

Explanation:

For adjusting the bank statement balance do not consider note collected by the bank, service fee and NSF check returned. Note collected by the banks are already recorded in the bank passbook, so there is no adjustments are needed in the bank statement. Service charge is deducted by the bank, so service charge also recorded in bank passbook; hence no adjustments are required in the bank statement balance. In the case of NSF check returned no adjustments are needed in the bank statement balance.

correct bank balance = Bank balance + Deposits outstanding - Checks outstanding

                                    = $9,000 + $4,600 - $7,800

                                     = $5,800

MAKE SURE YOU AVOID THIS:

For calculating correct cash balance only checks outstanding and deposits outstanding are adjusted with bank balance. For getting correct cash balances add deposit outstanding to the balance as per the bank and minus outstanding checks. Deposit in transit amount must be added to the bank side of the bank reconciliation statement and outstanding check must be deducted from the bank side of the bank reconciliation statement. Here, bank balance is $9,000, checks outstanding are $7,800 and deposits outstanding is $4,600, hence correct cash balance is $5,800.

Therefore, The correct cash balance that should be reported in Mooner Sooner's balance sheet at the end of the year is $5,800.

3 0
3 years ago
During a recession, median income falls by 15%. if the demand for grapes falls by 12%, grapes are a(n) _____ good with an income
IgorLugansk [536]
<span>Grapes are a(n) "normal good" with an income elasticity of demand of "0.8". A normal good is a good for which an increase in income results in increased demand, while decreased income results in decreased demand. Thus, we know that the first blank is "normal good" by the definition of a normal good becuase median income fell and demand for grapes fell. The X elasticity of demand is given by (%change in Demand)/(%change in X), where x is any economic variable (income in this case). Thus, to find the elasticity, we divide 12% by 15%. 12%/15%=.08.</span>
7 0
3 years ago
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fgiga [73]

Answer:

sight and foresight

4 0
3 years ago
What is the purpose of the Securities and Exchange Commission? (SEC) A. It acts as a mediator between labor unions and employers
umka2103 [35]

Answer:

Option C is correct because the primary objective of the SEC is to monitor the compliance with laws and ensures that the corrective actions are taken once the irregularities are found regarding the stocks, derivatives and the matters related to the sale and purchase of securities.

3 0
3 years ago
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