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3 years ago

Which of the following scenarios most accurately reflects the concept of scarcity?

Business

1 answer:

mojhsa [17]3 years ago

3 0

Answer:

2. Brett is a farmer with an open field on which he can plant either soybeans or corn.

Explanation:

Scarcity in economics means the resources available to meet man's needs are limited or scarce.

In brett's case, land is limited, so he has to choose between planting soybeans and corn.

I hope my answer helps you

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even though an open innovation model enables the firm to take advantage of external innovation conducted by other firms, it does

irina1246 [14]

False, the open innovation strategy enables the company to avoid utilizing external innovation carried out by other businesses.

<h3>What is Open innovation model?</h3>

Open innovation refers to the process of companies and organizations obtaining ideas from both internal and external sources. Sharing information about issues and appealing to those outside the company for advice and solutions entails this. Open innovation is the process of "increasing the markets for the external application of invention while accelerating internal innovation through deliberate inflows and outflows of knowledge."

You may take internally developed ideas or initiatives that don't fit with your primary business model and develop them outside by creating an open innovation network. This could provide additional revenue sources without affecting your main line of business.

To know more about Open innovation model, visit:

brainly.com/question/15231173

#SPJ1

7 0

1 year ago

To obtain a change of the zoning for a particular property, for example, from residential to commercial, a property owner would

FrozenT [24]

Answer: Zoning Map Amendment?

Explanation:

Zoning Map Amendment is an official document showing that there is a change in the way the land or property is divided into zones within a district and also the way it is being used either for industrial, residential or business purpose.

It is also known as Rezoning, this process can only begin if requested by town council, town manager or the owner of the property, this is done through application which has to be submitted 30days ahead to the committee meeting.

7 0

4 years ago

Sun-Jun is the executive general manager of a U.S.-based multinational corporation. Marisol is a manager in a similar position b

Norma-Jean [14]

Answer: A. choosing an appropriate mode for entering a particular foreign country

Explanation:

The options to the question are:

A. choosing an appropriate mode for entering a particular foreign country

B. developing a business strategy

C. marketing a product or service

D. adhering to labor and environmental standards

E. maintaining healthy relations with the U.S. government.

From the question, we are told that Sun-Jun is the executive general manager of a U.S.-based multinational corporation while Marisol is a manager in a similar position but works for an American company that operates only in the U.S. and does not engage in international business.

Since Marisol's company does not engage in international business, while Sun-Jun works in a multinational corporation, this means that the business function will be most typically exclusive to Sun-Jun will be choosing an appropriate mode for entering a particular foreign country.

4 0

3 years ago

Andrea has prepared the following list of statements about corporations. Identify each statement as true or false.

Zolol [24]

Answer:

1. A corporation is an entity separate and distinct from its owners. TRUE

2. As a legal entity, a corporation has most of the rights and privileges of a person. TRUE

3. Most of the largest U.S. corporations are privately held corporations. TRUE

4. Corporations may buy, own, and sell property; borrow money; enter into legally binding contracts; and sue and be sued. TRUE

5. The net income of a corporation is not taxed as a separate entity. TRUE

6. Creditors have a legal claim on the personal assets of the owners of a corporation if the corporation does not pay its debts. FALSE

7. The transfer of stock from one owner to another requires the approval of either the corporation or other stockholders. TRUE

8. The board of directors of a corporation legally owns the corporation. FALSE

9. The chief accounting officer of a corporation is the controller. FALSE

10. Corporations are subject to fewer state and federal regulations than partnerships or proprietorships. TRUE

Explanation:

A corporation is a business that is a separate, legal entity that is run by board of directors chosen by the shareholders. A corporation operates or exists as an entity separate and distinct from it's owner or owners. This means that as separate or legal entity, a corporation has the rights and privileges of an individual except the right to vote and be voted for.

The stakeholders or shareholders of the corporation usually select officers to serve is board of directors and every year this board of directors nominate officers for the positions of a president, secretary and treasurer to handle the running's and activities of the corporation. If the board of directors also wishes or decides they can nominate a vice president too.

7 0

3 years ago

Boswell company manufactures two products, regular and supreme. boswell's overhead costs consist of machining, $3,000,000; and a

yawa3891 [41]

Total overhead costs
3000000+1500000=4500000

Total direct labor hours
10000+15000=25000 hours

Predetermined oH rate
4500000÷25000=180

Overhead applied to regular
180×10000 h =1800000...answer

4 0

3 years ago