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KengaRu [80]
3 years ago
11

In the late 1800s, Cecil Rhodes took the money he made from renting water pumps to miners and used it to buy up the claims of sm

all mining operations. In time, and with the help of funding from the Rothschild family, he formed De Beers, which would become the largest diamond mining company in the world. Which of the following best describes the role Cecil Rhodes played for De Beers?
A. Capital
B. Land
C. Entrepreneurial ability
D. Labor
Business
1 answer:
Nimfa-mama [501]3 years ago
7 0

Answer: Entrepreneurial ability

Explanation:

A. Capital in the business can be defined as the money invested for the operations of business to earn profits. Capital can be in form of any kind of money like shares and debt but a human can never be a capital.

B. Land can be defined as the capital investment of the business for the place where which the operations of the business will be maintained.

C. Entrepreneurial ability is the brain behind the business entity . In a business an entrepreneur is the person who collects capital, purchase land and maintains the operations.

D. Labor is the human capital invested in the business, that is, hiring of individuals for different types of operations.

Hence we can conclude that Cecil Rhodes played entrepreneurial ability.

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Which of the following statements is true?
borishaifa [10]

Answer:

A) The Heckscher-Ohlin model offers a reasonable explanation of the pattern of trade and the gains from trade.

Explanation:

A) The Heckscher-Ohlin model mentions that some countries have capital products and some have labor work products. In that condition some countries might be producing capital products like cars and mobile phones however these countries might have less labor work products like agricultural products so that they can not produce enough food. In that sense there is a trade that occurs between two countries one having a capital like a car and others having a high food production so the trade gets balance thanks to this import and export of products. Basically, each country exports its products that they are leading whether it has capital good or labor work good and imports goods that they are lack of it whether it is capital or labor work products. Well, gains from trade happens thanks to this exchange.

B) No, the Heckscher-Ohlin model offers a pattern of trade between two countries according to capital goods and labor work products.

C) No, the Heckscher-Ohlin model explains the gain. Possible to gain from your goods. If a country produces capital good then gains from that or produce labor work good then gains from it by export to other countries that they have lack of that good.

D) The Ricardian trade model focuses only on labor work goods but Heckscher-Ohlin states that trade based on labor work goods and capital goods.

5 0
3 years ago
Each week, radio reaches about what percentage of all adults and teenagers? 94 percent, 91 percent
swat32

If each week radio reaches 94 percent of adults and 91 percent of teenagers, to get the average percentage it gets every week- with adults and teenagers, we have to add the two values and then divide them by two. So 94 + 91 is equal to 185 divided by 2 is 92.5% or 93%.

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5 0
3 years ago
Michelle works in an appliance store. She has a goal to sell a combination of six refrigerators, stoves or dishwashers so she ca
kotykmax [81]
The ‘SMART’ technique a tool for effective goal setting. The acronym SMART stands for Specific, Measurable, Attainable, Realistic, and Time-bound, all of which are requisites for goals. The goal “to sell a combination of six refrigerators, stoves or dishwashers to earn a bonus” is specific, measurable, attainable and realistic because Michelle has done this before. Yet the goal is not time-bound. The length of time it is required to meet is not specified in the goal. 
7 0
3 years ago
Read 2 more answers
Consumers know that some fraction x of all new cars produced and sold in the market are defective. The defective ones cannot be
fredd [130]

Answer:

0.25

Explanation:

Given :

The $\text{consumers value}$ the non defective cars = $\$ 10,000$

We will consider all the defective $\text{ cars are used cars}$ only. This is only because the value of the used car is $ 2000 and it is lower than the price of a good car that is $10,000. Thus only defective cars are being sold as the old cars.

For a risk neutral customer, the price that he is ready to give for the new car is the reservation price of a non defective car. It means that (the amount of $ 8000 is the value of the good car x chances of getting a good car) +( the value of the bad car x chances of getting a bad car).

Since we know that x is the fraction of all the cars sold in the market are defective, it means that the fraction of the good cars is 1 - x. Thus putting the values,

$x\times 2000+(1-x)\times 10000=8000$

$10000-8000x=80000$

$8000x=2000$

$x=\frac{2}{8}$

  = 0.25

Thus the value of :

$x=\frac{2}{8} = 0.25$

6 0
3 years ago
Using the Goal Seek function in Microsoft Excel, prepare an Excel spreadsheet to answer the following questions: Warner Clothing
Masja [62]

Answer:

3,500 units

6,000 units

Explanation:

Given:

Sales Price = $15 per unit

Variable cost = $3 per unit

Fixed cost = $42,000 per month

A. Break even point

Break even point(in units) =  Total fixed cost / (Sales Price - Variable cost)

                             =  $42,000 / ($15 - $3)

                             = $42,000/ $12

                             = 3,500 units

B. Number of sales unit

Sales unit for desired profit = (Total fixed cost + Desired profit)/ (Sales Price - Variable cost)

                                             = ($42,000 + $30,000) / ($15 -$3)

                                             = $72,000 / $12

                                             = 6,000 units

3 0
3 years ago
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