1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nitella [24]
3 years ago
9

According to adam smith and other classical economist,

Business
1 answer:
Semmy [17]3 years ago
3 0
Because <span>It is based on self-interest.
Classical economists believe that when driven by self-interest, humans are capable in dedicating their life to pursue things that never been achieved before.
This led to the creation of many technological inventions and business ventures that drive the society forward</span>
You might be interested in
A company is using a predetermined overhead rate that was based on estimated total fixed manufacturing overhead of $492,000 and
KatRina [158]

Answer:

$ 464,120

Explanation:

Calculation to determine what The amount of manufacturing overhead that would have been applied to all jobs during the period is closest to:

Estimated overhead Rate = ( Estimated Fixed Manufacturing Overhead) / (Estimated Machine Hours )

Estimated overhead Rate = $ 492,000 / 30,000 hours

Estimated overhead Rate = $ 16.4 / hr

Total amount of overhead =Overhead Rate × Actual total machine-hours

Total amount of overhead = $ 16.4 / hr × 28,300 hours

Total amount of overhead= $ 464,120

Therefore The amount of manufacturing overhead that would have been applied to all jobs during the period is closest to:$ 464,120

8 0
2 years ago
You conducted a study on the efficacy of seatbelt use against the incidence of a skeletal fracture among persons involved in an
bezimeni [28]
The study design used in this scenario is an Epidemiological study design/ Epidemiologic study design. This type of study compares 2 groups whose characteristics are the same except for one factor. This type of study is usually used in the medical field. The purpose of a study design such as this is to determine if a factor is associated with health defects or injury.
6 0
3 years ago
An operational plan provides a detailed road map of the steps necessary to achieve operational goals (sometimes referred to as o
lesya692 [45]

Answer: single use plan

Explanation: In simple words,single use plan refers to the plan that is made for achieving a goal that will not repeat in future.

A program plan refers to the plan that an organisation makes with an objective of outlining the activities and events that the employees have to follow for achieving organisational goals.  

Hence, from the above we can conclude that a program is a single use plan as it outlines activities for a specific project that needs to be performed.  

4 0
2 years ago
When an economy is temporarily operating at an output that is beyond its full-employment rate it means that
MrMuchimi

It means that excess demand in resource markets will lead to higher resource prices, which will increase costs and direct the economy toward full employment.

Explanation:

An economy’s full employment output is the highest production level when all available resources are used efficiently. It equals the highest level of production an economy can sustain for the long-run. It is also referred to as the full employment production which results in long term supply of the finished good.

When there is increased demand then eventually there will be an increase in the price and also costs of the production which leads the economy towards the full employment output as it is a sustainable output.

3 0
3 years ago
A general partner who puts together the administrative organization of the limited partnership and handles the registration of t
Valentin [98]

Limited partner.

<h3>What is a Limited partner?</h3>
  • A limited partner is a shareholder whose liability for the company's debts is limited to the amount they contributed to the business.
  • Silent partners are another name for limited partners.
<h3>What is Limited Partnership?</h3>
  • Similar to a general partnership, a limited partnership (LP) must have at least one general partner (GP) and at least one limited partner, as opposed to the minimum requirement of two GPs for general partnerships.
  • Different from limited liability partnerships, which only have limited liability for each participant, are limited partnerships.
  • The GPs are, in most significant ways, in the same legal position as partners in a traditional firm: they have management control, share the right to use partnership property, divide the firm's profits into fixed shares, and have joint and several liabilities for the partnership's obligations.

Therefore, the answer is a limited partner.

Know more about a Limited partner here:

brainly.com/question/25012970

#SPJ4

5 0
2 years ago
Other questions:
  • Which of the following is not considered one of the potential biases in calculating the consumer price​ index? A. New product bi
    13·1 answer
  • The deadweight loss from monopoly is shown graphically by the area between the
    11·1 answer
  • This year Erie achieved an ROE of 23.9%. Suppose the Board of Directors of Erie mandates that management take measures to increa
    6·1 answer
  • The cost of energy consumed in producing good units in the Bottling Department of Mountain Springs Water Company was $36,850 for
    11·1 answer
  • What does COBRA status allow you to do?
    5·1 answer
  • Grand River Corporation reported pretax book income of $700,000. Included in the computation were favorable temporary difference
    6·1 answer
  • Suppose that real domestic output in an economy is 2400 units, the quantity of inputs is 60, and the price of each input is $30.
    11·1 answer
  • PLS HURRY I AM ON A TIMER! what types of people can you learn from on Twitter?
    10·2 answers
  • OK Dry-Cleaning advertises so effectively that the regular customers of its competitor, Purity Cleaners, patronize OK instead of
    7·1 answer
  • Below are the transactions and adjustments that occurred during the first year of operations at Kissick Co
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!