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lapo4ka [179]
3 years ago
15

What are the weak points of economic costs that are part of a free enterprise economy?

Business
2 answers:
svlad2 [7]3 years ago
7 0

Answer:

competition is allowed to flourish with a minimum of government interference.

                                          Yha I know its short.

Zielflug [23.3K]3 years ago
3 0

The Definition of free enterprise would be competition is allowed to flourish with a minimum of government interference.


So the weak points or cons of this economy would be

the risk when creating a new product, profit is also a risk.  Business owners don't know if their product will be a success or a fail. (Efficiency at a Cost)

- inflation. This is the biggest danger of economic growth. When the demand outgrows supply, it sets the scene for companies raising prices. This sort of disparity can have a very bad chain reaction (Economic Growth Rates)

Hope this helped.

Cody



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When a sales job is being filled by an untrained individual, the job specifications list will most likely include ________ as a
AlexFokin [52]

When a sales job is being filled by an untrained individual, the job specifications list will most likely include __<u>E) personality traits</u>___ as a way to predict which candidate will perform the job well.

<h3>What are personality traits?</h3>

Personality traits are some characteristics or qualities associated with individuals.  Some of the personality traits include extroversion, agreeableness, openness, conscientiousness, adaptability, and neuroticism.

<h3>Answer Options:</h3>

A) age and gender

B) length of previous service

C) past job performance

D) relevant certification

E) personality traits

Thus, since the individuals involved are not trained, the most important factor to consider is not age, gender, previous service, past job performance, or relevant certification, but <u>E) personality traits.</u>

Learn more about personality traits here: brainly.com/question/10082381

6 0
2 years ago
Why is questioning such an important leadership skill?
irakobra [83]

Answer:

D. Questioning is a good way for the leader to stay in command.

Explanation:

It is known in new management jobs to panic because some would say or be open enough to feel apprehension or at worse to feel perceived as a fraud as skills are not advanced in new management jobs to full fill the criteria for a specialist role. When questioning, the process of learning by asking questions and listening. The more a manager listened, the better his or her questions became and the more they had learned. Questions also helped managers clarify their own thinking on projects, workflow, and strategies for their new unit.

How well do you ask questions? From some managers experience, most managers and leaders don't think about this issue very often. The "ability to ask questions" doesn't usually show up on any list of managerial competencies or job description requirements. However, asking questions effectively is a major component of any manager or leader's job, and asking good questions often distinguishes outstanding leaders and managers from average ones (or worse, poor ones).

7 0
3 years ago
A manufacturing company that has only one product has established the following standards for its variable manufacturing overhea
n200080 [17]

Answer:

 Variable overhead efficiency variance $ 8,018 <u> </u>Unfavorable

Explanation:

<em>Variable overhead efficiency variance: Variable overhead efficiency variance aims to determine whether or not their exist savings or extra cost incurred on variable overhead as a result of workers being faster or slower that expected.  </em>

Since the variable overhead is charged using labour hours, any amount by which the actual labour hours differ from the standard allowable hours would result in a variance  

                                                                                      Hours

2,700 units should have taken (2,700 × 3.20)           8640

but did take  (actual hours)                                   <u>      9,400</u>

Efficiency variance in hours                                      760 unfavorable

standard variable overhead cost per hour           <u>$10.55</u>

Variable overhead efficiency variance                  $<u> 8,018  </u>Unfavorable

 Variable overhead efficiency variance $ 8,018 <u> </u>Unfavorable

8 0
3 years ago
A company pays each of its two office employees each Friday at the rate of $100 per day each for a five-day week that begins on
MatroZZZ [7]
<h3>Answer:</h3>

Debiting salaries Expense $400 and Crediting Salaries payable $400.

<h3>Explanation:</h3>

We are given;

1 employees earns $ 100 a day

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2 employees will earn $ 200 a day

The month ends on Tuesday, but the two employees works on Monday and Tuesday.

  • Therefore, the month-end adjusting entry to record will be the amount earned by the two employees on the two days.

Two employees for 2 days = $200/day × 2 days

                                             = $400

  • But, salary is an expense, and in the accounts an increase in expense account is debited.
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    Debiting salaries Expense $400 and Crediting Salaries payable $400.

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Variance (Unfavorable) (NZD 340,000)

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Revenue  12000000   11000000    -1000000      0.34            -340000

Expenses  9000000   9000000          0               0.34                  0

Profit        3000000    2000000    -1000000      0.34            -340000

7 0
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