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juin [17]
3 years ago
14

The value of all final goods and services produced within a country is termed its __________.

Business
1 answer:
Fed [463]3 years ago
6 0
<span>This is called the gross domestic product. This is the value of all of the goods and services produced in a country in one year. Only legally sold goods are included in the gross domestic product. No illegal products or services are counted.</span>
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Three documents required by Department of Trade and Industry when registering a private company
Alex Ar [27]
Identification
Incorporation document
Memorandum of Incorporation
4 0
3 years ago
State law of diminishing returns​
DedPeter [7]

Answer:

see below

Explanation:

The law of diminishing marginal returns indicates that in every production process, adding one more input while holding the others constant will result in the overall decrease in output.

According to this law,  adding one more production unit diminishes the marginal returns, and the average production cost increases. Marginal returns refer to the benefits associated with the production of an extra unit.  

The gain derived from the use of more input while keeping all other factor constant decreases as production increases. For example, employing more workers while all other variables remain constant will result in reduced labor productivity.

6 0
3 years ago
The invention of the _____ is what distinguished modern restaurants from predecessor food service operations.
Levart [38]

The invention of restaurant foods is what distinguished modern restaurants from predecessor food service operations.

<h3>What is meant by food service operations?</h3>

An establishment that serves meals designed to be served in individual quantities for a fee or a mandated donation is known as a food service operation. Restaurants, nursing homes, hospitals, prisons, coffee shops, and candy stores are a few examples of FSO.

Controlling food expenditures is essential for a successful restaurant, which is why food service management is so important. FSMs assist firms in remaining profitable by training staff on serving and preparation standards, maintaining a careful inventory of stock, and identifying various sources for the most affordable ingredients.

The earliest signs of the food service sector date around 3000 BC during the Sumerian era. The majority of the time, temples and palaces served food. They hired chefs, who prepared meals for the aristocracy and visitors.

The invention of restaurant foods is what distinguished modern restaurants from predecessor food service operations.

To learn more about food service operations refer to:

brainly.com/question/26298316

#SPJ4

5 0
1 year ago
Which of the following was not one of the types of entrepreneurs theorized by Arthur cole in the 1950s. The innovator, the calcu
Helen [10]

Answer:

the answer is 'the lucky fool'

Explanation:

3 0
3 years ago
A commercial bank has no excess reserves until a depositor places $2,000 in cash in the bank. The reserve ratio is 10 percent. T
guapka [62]

Answer:

Option (C) is correct.

Explanation:

Based on given information, the bank's excess reserves occurs when $2,000 is deposited in the bank as a form of cash.

The reserve ratio = 10%

                             = 0.1

Bank's reserve = Deposit amount × Reserve ratio

                          = $2000 × 0.1

                          = $200

Bank lends to a borrower = $1500

So, bank's excess reserve:

= Deposit amount - Bank's reserve - Bank's lending amount

= $2,000 - $200 - $1,500

= $300

Therefore, as a consequence of these transactions, the bank's excess reserves are increased by $300.

8 0
3 years ago
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