True
The market system presented in the question relates to a system of capitalism. In capitalism private ownership of resources is used to control, motivate and coordinate economic activity.
Contrast this with a system of socialism or communism, where the state, which represents the collective people, who control the ownership of resources and then use it control and coordinate economic activity.
This contrast between private and public control of the resources is an essential component and critical idea in understanding the difference between free market systems that demand private enterprises be efficient and effective in the production and control of the resource, socialized systems which can limp along for years because of the public's support for their continuance.
Answer:
C. budgeting
Explanation:
The main components of money management that involve creating a plan for spending and saving during particular periods, such as a year, month, or week is known as BUDGETING
Budgeting is a part of the components of money management. It is an act of estimating the total expenses and income that deals with establishing a plan for spending and saving and usually gathered and regularly re-examine, including yearly, monthly, or weekly
Answer:
A perceptual market shows perceptions of customers about the attributes of a business happening now. Therefore, the reason stated below is not a valid one to support the usage of this graphic
d"It’s a way to show the position of the company in ten years."
Explanation:
A perceptual map offers the possibility of illustrating the perception of different products in one market in terms of different attributes: e.g. quality, price, warranty, service, design and so on.
The senior managers can take valuable decisions when looking how the market perceives the product sold by the company related to the competitors.
See the image attached to have an idea of how a perceptual map looks like.
Answer and Explanation:
This is because education has a positive rate of return. Investment in Education is an investment in new knowledge which is beneficial to any country. These countries have subsidized these forms of education because they recognize that an investment in education is an investment in human capital. Which would likely increase future productivity and ability to earn money.
Education is very beneficial to the individual who gets it, but a country where it's citizens have a good level of education benefits everyone positively.
1. Better health outcomes due to breakthroughs in research.
2. Reduction in Crime rates
3. Better environment
4. Also a better government
Are reasons for using taxpayers dollars to subsidize all these levels of education.
Answer:
The correct answer is C.
Explanation:
Giving the following information:
The Nelson Company's radio division currently is purchasing transistors from the Charlotte Co. for $3.50 each. The total number of transistors needed is 8,000 per month. Nelson Company's electronics division can produce the transistors for a cost of $4.00 each and they have plenty of capacity to manufacture the units. The $4 is made up of $3.25 in variable costs, and $0.75 in allocated fixed costs.
Because there is unused capacity, we will not have into account the fixed costs.
Unitary cost= $3.25
It is more convenient to produce in house. The indifference price is $3.50.
