Mercantilism and barter are better described as historical economic systems, and in the past the governments and the kings/queens generally kept a closer control of the country, so let's not consider those options.
Now, we have: capitalism, communism, socialism.
Capitalism leaves the capital and the economic decisions in the hands of the private people, not the government. Socialism means a common possession of the means of production, but not by the govrenments, rather by the people, as is often seen as a milder form of communism.
Communism on the other hand is associated with authoritarian governments. Some example were the Soviet Union, and currently, North Korea and Cuba.
Answer: 12%
Explanation:
Given the following ;
Expected direct labor cost=$90000
Expected production = 15000 units.
Production time per unit of direct labor 0.5 hours
Therefore, total direct labor required to produce 15,000 units
Total direct labor hour = 15,000 × 0.5 = 7500 labor hours.
Therefore, Budgeted direct labor rate % is given by;
Expected direct labor cost ÷ Total direct labor(hour)
$90,000 ÷ 7500 = 12%
Answer:
The correct answer is C.
Explanation:
A contract is a legally binding document between two or more parties that creates certain obligations. When one of the parties fails to honor its contractual obligations, that is known as a breach of contract. When this happens, the other party or parties are entitled to some sort of remedy. The judge in charge of the case can do any of these three things: <u>award damages, cancel a contract, or direct a party to do or not do an act</u>.
