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2 years ago

Define the four factors of production and the differences between physical and human capital.

1 answer:

6 0

Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.

Physical capital implies the non-human assets of the company, such as plant and machinery, tools and equipment, office supplies etc. that help in the process of production. Human capital refers to stock of knowledge, talent, skills and abilities brought in by the employee, to the organization.

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Which of these statements is false? A company comparison should not be made with industry averages if the company does not clear

ValentinkaMS [17]

Answer:

A company comparison should not be made with industry averages if the company does not clearly fit into any one industry.

Explanation:

In Business management, it is important to note that many companies will not clearly fit into any one industry.

Hence, when using industry averages, it is often necessary to use an industry that the firm best fits rather than randomly picking up any industry. Additionally, the analysis of an organization's financial statements would be more meaningful if the results are compared with industry averages and with results of competitors.

Any financial service sought after, should use its best judgment by analyzing and identifying which industry the firm best fits.

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2 years ago

Under common law, most property issues can be settled by who has a good title. Explain why such traditional characteristics of p

Rom4ik [11]

Answer:

Traditional characteristics of property ownership, such as transfer, risk of loss, insurable interest, and right to encumber are "broken up" and subject to varying tests under the UCC to help create boundaries.

Explanation:

the Uniform Commercial Code (UCC), a standardized collection of guidelines that govern the law of commercial transactions.

Real estate ownership carries with it a complex set of rights, and the bundle of rights concept has traditionally been the way in which those rights are described and summarized.

6 0

3 years ago

People often use products or services that are _________, to indicate who or where they are in the social hierarchy

Setler79 [48]

Answer:

Status Symbols

Explanation:

According to Oxford dictionary; a status symbol is "a possession that is taken to indicate a person's wealth or high social or professional status."

Hence status Symbols are external displays of the possessors' wealth and social status. These goods can not be possessed by people who do not belong to that social status or profession.

5 0

2 years ago

RE: Planned Obsolescence, Perceived Obsolescence "A product is deliberately designed to have a specific life span. For example,

AURORKA [14]

Answer:

Planned Obsolescence

Explanation:

According to my research on the answers provided, I can say that based on the information provided within the question this is most related to Planned Obsolescence. This term is basically defined exactly in the question, but in simpler terms this is a product that is specifically designed to become obsolete after a certain time frame.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

8 0

3 years ago

Which is not an inefficiency caused by binding price ceilings? illegal activity inefficient allocation to consumers wasted resou

stiv31 [10]

Answer: inefficient allocation of sales among sellers

Explanation:

A binding price ceiling is one in which the government imposes a legal minimum price that can be charged for a good, when the equilibrium price is below it. The ceiling creates a shortage in the market which leads to illegal activities, wasted resources and inefficient allocation to consumers.

However, it does not lead to inefficient allocation of sales among sellers.

4 0

2 years ago