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lina2011 [118]
4 years ago
11

Give an example of an economic activity from a traditional economy that is seen in today's market

Business
1 answer:
tankabanditka [31]4 years ago
5 0
Agriculture - This economic activity is ubiquitous in both traditional and modern markets. Since the Neolithic period, humans have domesticated different crops and animals for human consumption. However, in traditional economies, agriculture is less mechanized than in modern markets. Nevertheless, the basic production of crops and animals in traditional markets is fundamentally the same as mechanized production of the same in modern markets. 
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EA11.
Vedmedyk [2.9K]

Answer:

$1,700

Explanation:

Given that,

Purchase of raw materials inventory  = $1,000

Assignment of raw materials inventory to Job 5  = $500

Payroll for 20 hours with $1,000 assigned to Job 5

Factory utility bills = $750

Overhead applied at the rate = $10 per hour

Cost assigned to Job 5 at the end of the week:

= Raw materials inventory to Job 5 + Labor cost + Manufacturing Overhead applied

= $500 + $1,000 + ($10 per hour × 20 hours)

= $500 + $1,000 + $200

= $1,700

3 0
4 years ago
Please select that whether below statements are correct or not?
Vlad1618 [11]

Answer:

Only the fourth statement is correct

Explanation:

The first statement is wrong as stock price can be worth less than its book or par value depending on the performance of the company from which the stock price derives its value.

The second statement is also not correct as convertibility implies that holders of preference shares or bonds are able to convert their holdings into a known quantity of common stock in the future not the other way round.

Dividend payments are fixed for only preferred stockholders,common stockholders are exposed to variable dividend payments which dependent on the performance of the company and the also the company's need for cash.

Limited liability is a protective provision as it aids corporation in raising funds as the investors are certain that their liability in case of the company in the event of the going bankrupt is limited to the amount invested in the company unlike sole proprietorship that could be made to pay debts from private pockets

4 0
3 years ago
Which of the following is a potential safety hazard?
maxonik [38]

Umm... I can't find the choices... So, those are the choices I made up that are correct to your question.


  • Spills covering grounds or falling hazards, such as blocked paths or cords going over the ground.
  • Working from heights, including ladders, scaffolds, roofs, or an elevated workspace.
  • Unguarded device and moving machine pieces; guards dismissed or moving pieces that a worker can unintentionally touch.
6 0
3 years ago
Read 2 more answers
Commercialization of ideas is more difficult than idea creation as suggested by the fact that____________ percent of R&D occ
DerKrebs [107]

Answer:

The right solution will be "80; 50".

Explanation:

The mechanism of designing a new product as well as the manufacturing process through commercial activity-making it commercially viable-is commercialization.

  • This concept seems to be more complicated than developing inventions, as demonstrated repeatedly whereby 80% of R&D happens in large corporations, and fewer than 50% of innovations are created by many of the same businesses.
  • The concept also signifies incorporation into another retail sector in general, but it almost always involves a change from either the research facility to trade.

4 0
3 years ago
If an individual seller tries to increase the price of their product in a perfectly competitive system then:
galben [10]
Answer B: the individual will not be able to sell any of their product.
8 0
3 years ago
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