Answer:
Correct option is (a)
Explanation:
For any venture to be successful, it starts with a vision or idea. In this case, Greg is confident that he will be able to convince US Car manufacturers to purchase his fuel efficient car even though his friends were doubtful if his product will be accepted by car manufacturers.
He also had a clear vision as his goal was to make US economy energy efficient. Vision is to have a positive outlook regarding future.
It can be inferred that Greg has both vision and confidence
Answer:
D mixed economy
Explanation:
A mixed economy combines the aspects of a free market an those of a command economy. The mixed economy gives buyers the freedom to choose what they want. Entrepreneurs choose where to locate their business, its type, and the quantities to supply.
The governments play a regulatory role in the economy. It protects the rights to own properties and enforces contractual agreements. The governments intervene in provisions of public goods such as roads, hospitals, and ports.
A mixed economy will comprise both private and government doing business. Citizens are free to make economic decisions and own the factors of production. The government is mainly the regulator and provider of social services.
Answer:
Direct material used= $420
Explanation:
Giving the following information:
Sales revenue= $4,000
Purchases of direct materials= $400
Direct labor= $450
Manufacturing overhead= $620
Operating expenses= $650
Beginning raw materials inventory= $200
Ending raw materials inventory= $180
Beginning work in process inventory= $320
Ending work in process inventory= $410
Beginning finished goods inventory= $250
Ending finished goods inventory= $200
Direct material used= ?
Direct material used= beginning inventory raw material + purchase - ending inventory raw material
Direct material used= 200 + 400 - 180= $420
Investment includes all expenditures on new plant and equipment plus changes in business inventories.
Given that expenditure is done on new plant and equipment plus changes in business inventories.
We are required to find the name of the term that includes all the expenditures given in question.
The correct term which includes the expenditures on new plant and equipment plus changes in business inventories is investment.
Investment includes all those expenditures which are done in order to get benefit in future.In our question the expenditure on new plant and equipment plus changes in business inventories increases the productivity of the company.
Hence expenditures on new plant and equipment plus changes in business inventories defines investment.
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