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Volgvan
3 years ago
12

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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At Corpceton, a plastic products manufacturing company, two to three newly hired machine operators are assigned to senior machin
UNO [17]

Answer: On the job training

Explanation:

They ate required to learn as they are employed by a superior then they are assigned a machine which in due time would make them superior too after they become skilled. This cycle continues so even though one may not have much prior knowledge they can learn on the job.

7 0
4 years ago
N capital budgeting, what term do we use to describe the potential for analysis to be based on rosy or optimistic forecasts?
gladu [14]
<span>managerial bias is the term used to describe the potential for analysis to be based on rosy or optimistic forecasts Ex: high sales projections &/or low cost projections</span>
4 0
4 years ago
A transnational organization is one where:
yKpoI14uk [10]

Answer:

B. the global viewpoint supersedes national issues

Explanation:

A transnational organization is one that acts in a manner that is beyond the confines of a national state.

An organization may have its headquarters in a country while it's sales are generated in many countries across the globe.

Such an entity will act within the laws and regulation of the countries where the presence of its product is felt however major contributions about the product are not limited to just one country or state.

This defines a transnational organization. A good example is coca-cola.

The right option is B. the global viewpoint supersedes national issues.

5 0
4 years ago
What is the value of a preferred stock that pays a perpetual dividend of $150 at the end of each year when the interest rate is
padilas [110]

Answer:

$2,143

Explanation:

The computation of the value of the preferred stock is shown below:

Value of the preferred stock = Cash flows with respect to perpetual dividend ÷ the rate of interest

= $150 ÷ 0.07

= $2,143

Simply we divided the rate of the interest by the cash flows so that the accurate value of the preferred stock can be computed

8 0
3 years ago
Forty Winks Corporation manufactures night stands. The production budget shows that Forty Winks Corporation plans to produce 1 c
suter [353]

Answer:

Budgeted direct labor cost= $10,150

Explanation:

Giving the following information:

Production:

March= 1,400 units

April= 1,500 units

Each nightstand requires 0.25 direct labor hours in its production. Direct labor rate of $ 14.00 per direct labor hour.

To calculate the production budget cost for direct labor, we need to use the following formula:

Direct labor cost= total direct labor hours*direct labor rate

<u>March:</u>

Direct labor hours= 0.25*1,400= 350 hours

<u>April:</u>

Direct labor hours= 0.25*1,500= 375 hours

Budgeted direct labor cost= (350 + 375)*14= $10,150

7 0
4 years ago
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