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4 years ago

Why do markets need both adequate competition and adequate information?

1 answer:

8 0

Let's think about you want to build your home. You know 3 constructors who can build your home as you want to. But the price rate vary to each constructors. so made a tender and call these 3 constructors to join. At last they present their rate to build your building. Here is the question that who would you choose? You must choose that constructor who present the least rate for that tender. And you select the ONE. so you take a competition on three of them. that's why market need adequate competition. So you done it by lower price. It is a important terms that highly executed in business world. Think you want to buy something from another company but you don't know about that product. It means you are ignoring the fact that your money is under a good deal or bad. you have no interest about your money. but you are doing business for the money. so that you need that adequate information for that product. nothing else...

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The positive thinking is necessary to develop decision making skill

ella [17]

<h3>Answer:</h3><h2>Answer:Yes it is true statement that the positive thinking is necessary to develop decision making skill. Without positive thinking we can't fulfill our work .If we have to make skill then positive thinking is necessary. In negative thinking we can't make our decision what to do but if we think positively we see all thing positive but we see all negative if we have think negatively. So the positive thinking is necessary to develop decision making skill</h2>

6 0

3 years ago

In recording an accounting transaction in a double-entry systema.the number of debit accounts must equal the number of credit ac

Elodia [21]

Answer:

c. The amount of the debits must equal the amount of the credits.

Explanation:

a. The number of debit accounts must equal the number of credit accounts.

An account means one record entry of a transaction. There may be more credit or more debit accounts, depending on the transactions.

b. There must always be entries made on both sides of the accounting equation.

Although this happens most often, it is not always true.

The Accounting Equation: Assets = Liabilities + Owner's Equity

The two sides are separated by the equal sign. There can be a transaction that's only on one side. Example:

I buy a chair for $50 cash. Only the furniture and cash accounts are affected, and they are both on the assets side.

c. The amount of the debits must equal the amount of the credits.

This must always be equal. When you increase an asset (debit), you will increase owner's equity (credit). When you decrease an asset (credit) you could either decrease owner's equity or liability (debit).

d. There must only be two accounts affected by any transaction.

This is untrue. Sometimes, three or more accounts can be affected. For example, if I buy a chair, giving $20 down payment and borrowing $30 from the bank. The three accounts affected are furniture (increase by $50), cash (decrease by $20), and bank loan (increase by $30).

4 0

3 years ago

Which of these is an example of an entrepreneur?

Lubov Fominskaja [6]

Option A. Jessie has the idea for a new phone app so he spend his money to set up a business

8 0

3 years ago

A quality analyst wants to construct a control chart for determining whether four machines, all producing the same product, are

abruzzese [7]

Answer:

A) 0.023

Explanation:

Sample size = 1,000

Number of defectives collected from Machine #1 = 23

So, the sample proportion of defectives for machine #1 = Number of defective output / Sample size = 23/1000 = 0.023

6 0

3 years ago

George studies in a private institution. Because he comes from a low-income family, his parents use educational certificates pro

zimovet [89]

Answer: d. SCHOOL VOUCHER

Explanation:

SCHOOL VOUCHER

A School voucher, which is also known as an education voucher is a certificate of funding given by the government for a student studying at a school of their parent's choice. It is usually valid for a term or semester and may even be used to pay for home schooling expenses.

A 2006 survey of members of American Economic Association showed that over two thirds of economists believe that giving the vouchers to parents with low incomes can make a great impact.

8 0

3 years ago