On June 1, 1980, CNN (Cable News Network), the world's first 24-hour television news network, makes its debut. CNN went on to change the notion that news could only be reported at fixed times throughout the day. ...
The United States economy is sometimes referred to as a modified free
enterprise system due to the fact that it is capitalist. This means that
there is no monopoly on a particular aspect of trade or business, so
anybody can start a company.
Answer:
A. specialization.
Explanation:
Specialization refers to dividing the job in different tasks and assigning a person to perform each one which makes that each person becomes an expert in the specific area. This could help to increase productivity, especially in manufacturing. This is the process the Miller family uses because they have divided the tasks and assigned each of them to a person.
Answer:
The journal entry to record the factory wages of $25,000 incurred in the processing department is given below.
Debit Processing Department (WIP Asset) $ 25,000
Credit Factory Wage (Liability) $ 25,000
The journal entry to record the factory wages of $15,000 incurred in the production department.
Debit Production Department (WIP Asset) $ 15,000
Credit Factory Wage (Liability) $ 15,000
Please note that these work in process are asset accounts and the cost of inventory is expenses as goods are sold.
The unemployment rate is not significantly affected if members of the military are excluded from the labor market because they make up one-tenth of the labor force, hence there are little to no changes in the unemployment rate indicator in economy . The proportion of the labor force that is unemployed is known as the unemployment rate.
It is a lagging indicator, which means that the instead of rising or falling in advance of shifting economic conditions, it typically does so in response to them. The unemployment rate is likely to increase when there are few jobs available and the economy is struggling.
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