Answer:
The standardized metric of output used to gauge the size and market potential of an economy is the Gross Domestic Product.
Explanation:
The Gross Domestic Product is the value of goods and services that are
produced in a country in a certain time and it is consider an important indicator to analyze the state of a country's economy. The value of the goods and services produced is considered the size of the economy.
Also, as the GDP is an indicator of how the economy is doing, businesses tend to use it to predict if the sector will grow or not.
Answer:
- Materials ⇒ 70,725 units
- Conversion ⇒ 68,600 units
Explanation:
Using the weighted average method, the equivalent units are the Units transferred out plus the equivalent closing inventory.
Materials:
= Units transferred out + Closing equivalent units
= 63,500 + (85% * 8,500)
= 70,725 units
Conversion:
= 63,500 + (60% * 8,500)
= 68,600 units
Answer:
1.True
Explanation:
Ethical principles include honesty, equality, respect for rights, integrity, and adherence to the law. Yes, these principles are also applicable to society, in general, because these qualities are key factors that affect professionals such as engineers as well as society as a whole. As an Unethical practice can lead to a company shutting down if the public ends up turning against, if we talk about society, an unethical person in the society also can harm the whole society.
Answer:
Producers.
Explanation:
B2B (business-to-business) is a marketing strategy that deals with meeting the needs of other businesses, by selling products or services to the organizations for resale to other consumers, used in production of goods or for the operation of an organisation.
In terms of business customers, these three companies are all examples of producers in the B2B market because they all purchase raw materials from their upstream suppliers, subsequently, they make and then sell their own finished products to the end users or consumers.
