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Natali [406]
3 years ago
14

7. In capitalism, most businesses have a profit motive. Describe at least one reason that businesses with a profit motive may be

helpful for society and at least one reason that they may be harmful for society. Then, explain whether you think profit motive is a good thing or a bad thing for society. (4-7 sentences)
Business
1 answer:
kramer3 years ago
8 0
Gaining a profit from sold goods is helpful because the use of scarce resources is optimized. It also provide jobs. The bad side of being in a profit motive business is that some may be tempted to deal with customers . I think that a profit motive business is a good thing.
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Europe was hurt by the financial crisis in 2008. High unemployment hit all areas of the population. However, the group that was
atroni [7]

Answer: Human capital  

   

Explanation: In simple words, human capital refers to the economic value that arises due to the knowledge, skills and experience of the labor in an economy.

In the given case, European union is aiming to provide better education and vocational knowledge to the young labor of the economy so they contribute to the continuously lowering GDP.

Hence from the above we can conclude that the correct option is A.

6 0
3 years ago
Read 2 more answers
2. Why is defining activities a process of project schedule management instead of project scope management
Greeley [361]

Answer:

Explanation:

Project schedule management is the allocation of timeframe to the task s to be done for a project to be successful while project scope management show the work that needs to be done.

Defining activities is a process of project schedule management, because it simply concentrates on how and when a task will be carried out while in project scope management l, the focus is on the work that will be performed on a project.

6 0
3 years ago
Pre-determined overhead rates are calculated by dividing estimates of total factory overhead cost in the upcoming accounting per
Anna11 [10]

Answer:

The correct option is A, true

Explanation:

The predetermined overhead absorption rate is a forecast overhead rate usually computed by estimated total factory overhead by the planned usage or capacity  of the unit of the activity.

This is more like planning ahead for the overhead to be incurred, hence the correct option is A , which truly supported that the statement made in the question

3 0
3 years ago
Jordan is a manager at a technology firm. When the top management makes decisions, Jordan explains it to his subordinates and gi
ioda

Answer:

In the context of the different leader styles, Jordan uses the participating style

Explanation:

Participative leadership also known as Democratic Leadership Style is a method of leadership that involves all team members in terms of identifying important goals as well as developing strategies and procedures to achieve the goals.

7 0
3 years ago
The money supply grew at a rate of 5% from 2015 to 2016. Since pen output did not change from 2015 to 2016 and the velocity of m
kvasek [131]

Answer:

True

Explanation:

If the total output of the economy does not change and the change in the money supply directly affected the changes in the price level, then the increase in the money supply will simply increase the inflation rate. For example, if the economy produced 100 units at $1 per unit, and the total money supply increases by 5%, the price of the units will increase to $1.05, but the total output will still be 100 units. The only thing that changed was a decrease in the relative value of the currency due to an increase in the inflation rate.

3 0
3 years ago
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