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Alona [7]
3 years ago
5

In a market economy, this is the driving force that encourages individuals and organizations to improve their material well-bein

g.
True / False.
Business
1 answer:
nekit [7.7K]3 years ago
5 0

Answer:

True

Explanation:

In a market economy ,driving force that encourages people and organizations to improve their material well-being is profit motive . The profit motive driving force to improve their material  well-being is characterized by capitalism and free enterprise . Capitalism is an economic system in which private citizens, like you, own and use the factors of production. Individuals or companies make products and profits. If the products can be bought and sold without government regulation or control, we have a condition called a free market.

If an economy has both capitalism and free markets, we say that the economy is based on free  enterprise. Under free enterprise, resources are privately owned. Competition is allowed with a  minimum (least amount) of government controls.  

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Let the equation c = 2.32 n + 34,180 represent the cost of raising a child, c, on an income, n. if the corlone family has an inc
Elza [17]

Since the equation C = 2.32N + 34,180 where C is the cost of raising a child and N is the income. So, if the Corlone family has an income of $40,000, you use the value of N to solve for C:

C = 2.32(40,000) + 34,180

C = 92,800 + 34,180

C = $126,980

Answer: C = $126,980

Credit to: @MsRay

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3 0
3 years ago
Butler Automotive developed a new diagnostic testing procedure that is expected to increase sales by $10,000 per month. As more
Bas_tet [7]

Answer:

A

Explanation:

Working capital are the components of the current assets that represents liquidity , readily available for day to day business operation.

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Due to the new development in the business of Butler automotive , there is an upsurge in the demand for oil which has led to the increase in the oil inventory to the tune of $5,000

This means that the required working capital of Butler also has to increase to meet up with the demand.

6 0
3 years ago
Burbank Corporation (calendar-year-end) acquired the following property this year
GREYUIT [131]

a. Burbank Corporation must use the mid-quarter convention to determine its cost recovery.

6 0
3 years ago
A human resources manager is considering changing her company's vacation policy. Before she makes a proposal to the senior execu
lianna [129]

Answer: Benchmarking

Explanation: what she has done by research other industry's policies on vacation is known as benchmarking. This is a process of measuring the performance of a firm's products, services, policies or processes against those of another business that is perceived to be the best in the industry. Its purpose is to help organizations adopt best practices and also to identify internal opportunities that could be improved upon.

4 0
3 years ago
Read 2 more answers
Which would be an example of a government price ceiling?
Arada [10]

Answer:

The correct answer is letter "B": limits on interest rates charged by credit card companies.

Explanation:

A Price Ceiling is a maximum amount a seller can charge for a product or service. A regulating authority -usually the local government- enforces price ceilings and they are typically set to protect low-income consumers for being priced-out of markets of essential goods and services.  

Apartments provide a common example. Some cities provide price ceilings on what the landlords can charge for rent. A price ceiling in credit card interest rates would all into this category as well.

6 0
4 years ago
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