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3 years ago

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A(n) _______________ business system is a type of information system that supports the business functions of accounting, finance

, marketing, operations management, and human resource management.

1 answer:

joja [24]3 years ago

8 0

Functional

Explanation:

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quizlet If a country can produce more of a good or service, it has a(n) advantage. If the country can produce a good or service

poizon [28]

If the country can produce a good or service at a lower opportunity cost, it has a comparative advantage.

<h3>What is comparative advantage?</h3>

In an economic model, agents have a comparative advantage over others if they can produce that good at a lower relative opportunity cost or autarky price, i.e. at a lower relative marginal cost prior to the trade.
Comparative advantage describes the economic reality of trade advantages for people, firms, or nations as a result of disparities in their factor endowments or technological progress.
(The absolute advantage, comparing output per time (labor efficiency) or per quantity of raw material (monetary efficiency), is typically considered more intuitive but less accurate – productive trade is possible as long as the opportunity costs of manufacturing commodities vary between countries.)

Therefore, if the country can produce a good or service at a lower opportunity cost, it has a comparative advantage.

Know more about comparative advantage here:

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7 0

1 year ago

Economists believe that people's wants are:

Cloud [144]

Economists believe that the wants of people are infinite.

<h3>What is want in economics?</h3>

These are the basic needs of people. In the field of economics it is believed that the wants of people are too numerous.

People have so many needs and the resources that are required to fulfill them are limited. This is the concept of scarcity.

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3 0

2 years ago

Using the sequential method, Pone Hill Company allocates Janitorial Department costs based on square footage serviced. It alloca

Tpy6a [65]

Answer:

10% of the Janitorial Department's $450,000 costs is allocated to the Cutting Department

Explanation:

Given:

Costs Square Feet Number of Employees

Janitorial Department $450,000 100 20

Cafeteria Department $200,000 10,000 10

Cutting Department $1,500,000 2,000 60

Assembly Department $3,000,000 8,000 20

Cafeteria Cutting Assembly Total

Department department department

Square feet 10,000 2,000 8,000 20,000

% of allocation 50% 10% 40%

$\frac{10,000}{20,000}$ × 100 $\frac{2,000}{20,000}$ × 100 $\frac{8,000}{20,000}$ × 100

Hence, % usage by the cutting department is 10%

5 0

3 years ago

A recession is____.<br> Consecutive periods of deflation<br> Apex Financial Literacy

Anni [7]

A recession is when the inflation rate is low.. prices are falling dramatically in the market

4 0

3 years ago

Read 2 more answers

Which living expense needs to be included in the budget of someone renting an apartment?.

scoundrel [369]

Answer:

insurance

Explanation:

a living expense that should be included in the budget when someone is going to rent an apartment should be the insurance

hope this helps

6 0

2 years ago