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alina1380 [7]
3 years ago
6

Mary decides to produce and sell apple juice. She leases an apple orchard and renovates her kitchen to produce and bottle the ap

ple juice. Mary hires three employees. Two employees will maintain the apple orchard and bottle the juice, and one will market the apple juice using the Internet.In the manufacture and sale of the apple juice, what factor of production does Mary represent? A. land
B. labor
C. capital
D. entrepreneurship
Business
1 answer:
jonny [76]3 years ago
3 0

Answer: D - entrepreneurship

Explanation: there are 4 factors of production:

1. Land- it refers to all the natural resources used in the production process.

2. Capital- they are also known as capital goods. They are man's creations used in the production process.

3. Labour- it is the work done by humans in the production process

4. Entrepreneurship- it is the individual who had the idea for the business.

In the above question, Mary is the entrepreneur. The employees are labour. The orchid and kitchen is the land.

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9. The least risky method by which firms conduct international business is: a franchising b. acquisitions of existing operations
TEA [102]

Answer:

c. international trade

Explanation:

Options A and E are wrong because franchising and licensing businesses need to pay a special commission or extra expense to do the business. In that case, if the first company faces any disreputed problem due to the food, it is challenging for other franchisees to operate. Licensing business needs a massive cost at the start of the market.

Options B and D are wrong because acquisitions of existing operations or establishing a new subsidiary require high investment.

<em>Option C</em> is correct because international trade can take place at any time. There is a little cost when the trading period starts. Otherwise, there are not many costs. So, it is a less risky method.

4 0
3 years ago
The Universal Container's customer support organization has implemented knowledge centred support (KCS) in its call centre. Howe
olga2289 [7]

Answer:

Measure and reward agents based on the no of new articles approved

Explanation:

A key way to improve knowledge sharing strategy is by rewarding valuable contribution.

Giving rewards for just any contribution might leads to a massive inflow of useless information purposely in order to claim rewards and at the end of the day , the data system is filled up with jargon and not knowledge.

Knowledge sharing credit should be attached only to information that adds value. Moreover as values can be relative  ,it should be stated that value will be decided by the users of the information , which means the higher the user , the higher the value .

7 0
3 years ago
Juan believes that battles such as the french revolution are necessary for a country to preserve liberty, to maintain or gain la
Alla [95]
The fact that Juan believes that battles such as the French Revolution are necessary for a country to preserve liberty, to maintain or gain land, and will ultimately lead to a more even distribution of wealth among a population means that Juan's thoughts from conflict theory sociological perspective. The conflict theory states that conflict are result of the competition for limited resources.
3 0
3 years ago
The Vernon Corporation was formed on January 2, 2018. The company sold 20,000 shares of $8.00 par value stock for $20.00 per sha
GalinKa [24]

Answer:

Option (A) is correct.

Explanation:

The Journal entry is as follows:

Cash A/c Dr. $400,000

   To common stock A/c       $160,000

   To Paid-in capital in excess of par A/c $240,000

(To record the original sale of the stock)

Workings:

Cash = Number of shares sold × Selling price of each share

        = 20,000 × $20

        = $400,000

Common stock = Number of shares sold × Par value

                         = 20,000 × $8

                         = $160,000

Paid-in capital in excess of par = $400,000 - $160,000

                                                   = $240,000

6 0
4 years ago
By automating its shop floor, your company expects to save $81,000 annually. If the automation costs $225,000, what is the payba
Andrew [12]

Answer:

2.78

Explanation:

Calculation for the payback period of the automation

Using this formula

Payback period = Automation cost/ Amount to saved annually

Let plug in the formula

Payback period =$225,000/$81,000

Payback period =2.78

Therefore the payback period of the automation will be 2.78

4 0
4 years ago
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