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4 years ago

True or False: Most companies you see today are either corporations or limited liability companies?

1 answer:

6 0

Answer: the above statement is true to some extent. Most of the businesses today are either cooperates or limited liability companies. This is because, many businesses try to remove the personal risk associated when running a business venture. Hence, they convert it into a limited liability business so the risk is only limited to the amount they invest.

However, there are still some business that are running on a smaller scale and have unlimited liability.

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If there is a floor on wages created by a minimum wage, union contracts, or other factors, then a decline in the marginal produc

olga55 [171]

Answer:

Decrease; Increase

Explanation:

When there is a decline in the marginal productivity of low skilled workers, it results in a decline or decrease in the demand for low skilled workers. Marginal productivity is the extra output gained from adding one unit of labour. Thus, if low skilled workers are added to increase marginal productivity, but then reaches the point of decline, the demand or the need for those low skilled workers reduces. The reduction or decrease in the demand for these low skilled workers then lead to an increase in number of unemployed workers as those unskilled workers becomes jobless.

5 0

3 years ago

A ____ order to buy or sell a stock means to execute the transaction at the best possible price.

NemiM [27]

Your answer is market ((: I hope this answer helps you !

7 0

4 years ago

Enfield Industries purchased and consumed 61,000 gallons of direct material that was used in the production of 13,000 finished u

Aleonysh [2.5K]

Answer:

= $0.8 per unit

Explanation:

The question is to determine the Actual price paid for a gallon of direct material

This is answered in the following steps

Step 1) What is the standard Quantity allowed?

= Finished units of products x the manufacturing standard

= 13,000 units x 5 gallons = 65,000

What is the actual quantity consumed = 61,000 gallons

Meaning the Material Quantity variance =

Standard Quantity allowed - Actual Quantity used = 65,000 - 61,000

= 4000

Step 2) Determine the Standard Price

= The disclosed material QUantity Variance/ The determined material Quantity Variance

= 2800F/ 4,000

= 0.7 per unit

Step 3) Determine Material Price Variance

= Actual Quantity (Standard Price - Actual Price

= $6,100u = 61,000 (0.7 - Actual Quantity)

= $0.8 per unit

6 0

3 years ago

Read 2 more answers

Tom produces baseball gloves and baseball bats. Steve also produces baseball gloves and baseball bats, but Tom is better at prod

taurus [48]

Answer:

D. Benefit both Steve and Tom

Explanation:

As Tom produces baseball gloves and baseball bats. Steve also produces baseball gloves and baseball bats, but Tom is better at producing both goods. In this case, trade could benefit both Steve and Tom. The basic logic behind this answer is that, although Steve is not better at producing baseball gloves and bats but still can compete with Tom, where Tom's better quality products will encourage Steve in order to produce bit better quality in order to remain him in the market and competition. On the other hand, when Steve is not producing much quality products, this will give more competitive advantage to Tom, which definitely help him in earning more profits and loyal customers, therefore, in this cycle, both Steve and Tom will get benefit.

6 0

3 years ago

The law of supply indicates that other things equal:.

Temka [501]

Answer:

The law of supply is the microeconomic law that states that, all other factors being equal, as the price of a good or service increases, the quantity of goods or services that suppliers offer will increase, and vice versa.

5 0

2 years ago