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marissa [1.9K]
3 years ago
13

What is typical of a centrally planned economy?

Business
1 answer:
Gnom [1K]3 years ago
4 0

Answer: A centrally planned economy has a central authority that makes all the economic decisions.

Explanation: Unlike the market economies where economic decisions like price are made by private organizations and individual consumers, a centrally planned economy which is also referred to as command economy, is an economic system that has a central authority (e.g government) that controls and dictates the economic decisions that has to do with the production, distribution and price of goods.

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A budgeting process that involves the input and negotiation of several layers of management describes the management philosophy
chubhunter [2.5K]

A budgeting procedure that includes the enter and negotiation of numerous layers of control describes the control philosophy of Participative budgeting.

The required details for Participative budgeting in given paragraph

Participative budgeting is a procedure below which humans impacted with the aid of using a price range are actively concerned within side the price range advent procedure. This method offers lower-stage managers a more feel of possession within side the ensuing price range. A basically participative price range does now no longer take high-stage strategic issues into account, so control desires to offer personnel with hints concerning the general path of the business enterprise and the way their man or woman departments suit into it. When participative budgeting is used for the duration of an business enterprise, the initial budgets paintings their manner up via the company hierarchy, being reviewed and probably changed with the aid of using mid-stage managers alongside the manner.

Advantages of Participative Budgeting

This bottom-up method to budgeting has a tendency to create budgets which might be greater workable than are top-down budgets which might be imposed on a business enterprise with the aid of using senior control, with tons much less worker participation.

To know about Participative budgeting click here

brainly.com/question/29304721

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6 0
1 year ago
Youngstown Rubber reports the following data for its first year of operation.Direct materials used$710,000Cost of goods manufact
gtnhenbr [62]

Answer:

C.) $490,000

Explanation:

The Cost of goods manufactured of $680,000 <u>plus</u> the Finished Goods beginning would give us the Cost of goods available for sale. Since there is no <em>Finished Goods beginning (0)</em>, The Cost of goods available for sale will then automatically be $680,000.

Then <u>deduct</u> the Finished Goods ending of $190,000. The result would give us $490,000 which is the Cost of Goods Sold.

<em>(680,000 - 190,000 = 490,000)</em>

4 0
3 years ago
you are involved in a crash that was not your fault, Your insurance company raises your rates. You should contact ______________
Nina [5.8K]

Answer:

It is not legal for an insurance company to raise your premium if you were involved in a crash that wasn't your fault. In case that happens to you, you should first contact your insurance broker, but if he/she doesn't fix the issue, you must contact your state insurance department and file a complaint against your insurance company. Depending on which state you live in, you can file the complaint online, by phone, by mail, and/or email. If you live in your state capital city, I guess you can probably do it in person also.

4 0
4 years ago
A group of nursing students are reviewing information about fluoroquinolones. the students demonstrate a need for additional rev
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<span>When the students identify an anticoagulant they ask for another review on the information about Fluoroquinolones. Fluoroquinolones ias an antibiotic which helps in treating the infections mainly in respiratory and urinary systems caused due to bacteria and can be used as an veterinary medicine.</span>
7 0
3 years ago
Becky owns a pet shop and wants to change the logo. this is an example of what?
Ostrovityanka [42]

This is an example of what <u>"rebranding"</u>.

Rebranding is an advertising methodology in which another name, term, image, outline, or blend thereof is made for an established brand with the aim of building up another, separated personality in the minds of shoppers, financial specialists, contenders, and different partners. The thought behind rebranding is to make an alternate personality for a brand, from its rivals, in the market.

6 0
3 years ago
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