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Monica [59]
3 years ago
13

11) One tenet of classical economics is that A) the role of the government should be limited, since the market will always be se

lf-correcting. B) the government should intervene whenever necessary to avoid any unemployment. C) wages and prices are "sticky downward." D) the government should set a minimum wage slightly above the natural market equilibrium rate.
Business
1 answer:
STatiana [176]3 years ago
7 0

Answer:

The correct answer is A) the role of the government should be limited, since the market will always be self-correcting.

Explanation:

Principle of minimum state intervention, free market or laissez faire: at least government, the best, economic processes were considered as capable of self-regulation, in other words, economic forces themselves will direct production, exchange and consumption to Its most efficient level. State action must be confined to enforcing individual rights (especially property rights), providing national defense and some public services of general interest (justice, some types of education, etc.).

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An employee who has integrity is
Mashcka [7]

Integrity is the act of behaving honorably, even when no one is watching. ... Employers who are committed to hiring employees with integrity are better equipped to provide high-quality service and maintain a positive reputation. When employees have integrity, their managers can trust their team is working diligently.

4 0
3 years ago
Metro Event Planning Services collects fees from its customers in advance. On January​ 1, 2019, the balance of its Unearned Reve
dimulka [17.4K]

Answer:

A credit balance of $3 comma 200

Explanation:

When a fee is received in advance for a service yet to be rendered, the revenue for such fee is said to be unearned. The entries required are ;

Debit Cash account

Credit Unearned fees or deferred revenue.

As the service is performed and the revenue is earned,

Debit Unearned fees

Credit Revenue.

Total amount collected in advance as at end of February

= $3,000 + $4,000 + $700

= $7,700 (Cr in Unearned revenue)

Amount of revenue earned as at end of February

= $4,500 (Dr in Unearned revenue)

Balance in  in Unearned Revenue at the end of​ February

=$7,700 - $4,500

= $3,200

4 0
3 years ago
Which one of the following is an example of a "flexibility" option? Group of answer choicesA company has an option to close down
mixas84 [53]

Answer:

A company agrees to pay more to build a plant in order to be able to change the plant's inputs and/or outputs at a later date if conditions change.

Explanation:

Real option analysis

This is simply described as a form of an analysis of capital budgeting projects. It is often used by managers so as to influence the size and riskiness of a project's cash flows. And this can be done only by taking different actions or at the end of the project's life.

It uses the usual NPV capital budgeting analysis along with an analysis of opportunities as a result of manager's responses to changing circumstances that can change a project's outcome.

Examples of Real Options

1. Investment timing

2. Abandonment/shutdown

3. Flexibility

4. Growth/expansion

Flexibility Option

This type of re option simply allows operations to be changed based on how conditions change during a project's life. It is said to exists when it is useful spending money today, which therefore helps one to maintain flexibility down the line. That is, either inputs or outputs (or both) can be altered.

3 0
3 years ago
When being interviewed, why is it important to not dwell on any weaknesses or negative information? Explain.
____ [38]

Answer: You shouldn't dwell on any negatives and weakness because you want to be truthful but also not show that you cant compose yourself and then it shows that your unable to service the job correctly.

Explanation:

8 0
3 years ago
Manufacturing and service are often similar in terms of what is done, but different in terms of how it is done. For example, man
torisob [31]

Answer: When considering measurement of productivity, manufacturing firm tends to do more in this scenario. In productivity, manufacturing firm operates around the clock in order to meet their target and the demands of the industry

Explanation:

Measurement of productivity

When considering measurement of productivity, manufacturing firm tends to do more in this scenario. In productivity, manufacturing firm operates around the clock in order to meet their target and the demands of the industry, while in service, productivity is still met but functionality only takes place when it's needed or when they are scheduled, in order to avoid failure or for optimal performance.

Quality assurance

In quality assurance, the manufacturing aspect gives a very great attention to this, although the service firm considers it but the manufacturing has to consider the quality of product, quality of items used as all will play a vital role on what kind of result they want.

8 0
3 years ago
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