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2 years ago

Specialization of labor results in the production of large quantities of a product.a. trueb. false

Business

1 answer:

il63 [147K]2 years ago

6 0

Answer: True

Explanation: Specialisation of labour in production is the process of classifying People who have different skills, talents, and interests into groups so they will be better at what they do.

Specialisation in certain tasks often aid workers to produce more quickly and with higher quality especially in assembly line laborers.

Specialization also allows businesses to take advantage of economies of scale, which means that for many goods, as the level of production increases, the average cost of producing each individual unit declines.

The division and specialization of labor has been a force against the problem of scarcity as more product will be produced as against when there is not specialisation in division of labour.

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e payoff matrix below shows the payoffs (in millions of dollars) for two firms, A and B, for two different strategies, investing

Harman [31]

Answer:

Invest

invest

Explanation:

Game theory looks at the interactions between participants in a competitive game and calculates the best choice for the player.

Dominant strategy is the best option for a player regardless of what the other player is playing

firm a can either earn20 or 70 if it advertises or 5 or 50 if it does not advertise. this is the same for firm B.

Thus the option that would yield the highest payoff is for both firms to advertise.

this is an example of prisoners dilemma

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3 years ago

Renue Spa had the following balances at December 31, Year 1: Cash of $15,000, Accounts Receivable of $61,000, Allowance for Doub

Phoenix [80]

Answer:

Explanation:

provision For Doubtfull Accounts Yr.3

Opening Bal. = 3,750

For the Year (215000*2%) = 4300

Write-off = -2100

Closing Balance (3750+4300-2100) = 5950

Account Recievable For Yr.3

Opening Bal. = 61000

Sales For the Year (215000*2%) = 215000

Provision For the Year = -4300

Cash Recived from Debtors = 218000

Closing Balance = 53700

Net Realizable Value of Recievables

Closing Debtors = 53700

Closing Provision = -5650

Net Realizable Value = 47750

C) Collectible Amount

Provision For the Year = 4300

Previously writte of recoverred = -500

Total bad debts for the year = 3800

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3 years ago

Question 4 of 10

ExtremeBDS [4]

I think the answer is either a or c

7 0

1 year ago

Kenji is another investor who currently owns shares of ESolver stock. He would like to place a particular kind of limit order, i

Mars2501 [29]

Answer: Fill or kill order

Explanation:

A fill or kill order is used when an individual or firm wants to either buy or sell a stock and in such cases, the order must be done as quickly as possible in its entirety.

If the order isn't done immediately at the price that has been specified or a price that's more than the specified price, such order is cancelled. Also, for a fill or kill order, partial execution isn't applicable.

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2 years ago

Which one of the following actions will increase the current ratio, all else constant? Assume the current ratio is greater than

Greeley [361]

Answer:

C) Cash payment of an account payable

We know that the current ratio is greater than 1, and in the formula for current ratio the assets are in the numerator and liabilities in the denominator, in this case an asset is increasing for the same account that a liability is decreasing by. So whenever the the value is above one and the numerator and denominator are decreased by the same amount the value increases.

Explanation:

3 0

3 years ago