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4 years ago

Does the free-market system bring efficiency as well as freedom? give at least one concrete example to support your position.

1 answer:

5 0

Efficiency of handling the economic system is correct. The free market gave an organized structure of production. But freedom, in a free market is not. Historically, free market was not a result of freedom it started with slavery. Massive production needed expansion of foreign lands, so the people in that country was not free as well. They are under force labor. Free market was not free when some countries already gained ground before some had just started. There is no freedom in a monopoly set up, but you are given the chance and the risk in a free market.

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Before being simplified, the instructions for computing income tax in Country R were to add 2 percent of one's annual income to

daser333 [38]

Answer:

Explanation:

5 0

3 years ago

You know the following information about the Miller State Bank Gross Loans$300 Miscellaneous Assets$50 Deposits$390 Total Equity

lesantik [10]

Answer:

The Firm's Total Liabilities is $450

Explanation:

Use the accounting equation to calculate the Total Liabilities

Total Assets = Total Equity + Total Liabilities

Now rearrange the accounting equation to make the required formula

Total Liabilities = Total Assets - Total Equity

Where

Total Assets = $500

Total Equity = $50

Placing values in the formula

Total Liabilities = $500 - $50

Total Liabilities = $450

8 0

3 years ago

The use of an organization's operational data as the source data for a bi system is not usually recommended because it ________.

lyudmila [28]

<span>The use of an organization's operational data as the source data for a bi system is not usually recommended because it requires considerable processing and can drastically reduce system performance.
BI system is business intelligence system. To making the better business </span>decision is the purpose of Business Intelligence system. there are many business intelligence tools to make it successful.

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4 years ago

Alyeska Services Company, a division of a major oil company, provides various services to the operators of the North Slope oil f

Stels [109]

Answer:Profit margin = 29.94%

Asset Turnover =0.50

Return on investment (ROI) =15.09%

Explanation:

Given

Sales for the year = $ 17,700,000

Net Operating Income = $ 5,300,000

Average Operating Assets = $ 35,100,000

a)Profit margin = (Net operating income/Net sales ) x 100%

= $5,300,000/$17,700,000 x 100% = 29.94%.

This shows that the Alyeska Services company has ability to turn income to profit by 29.94%

b. Asset Turnover = Total Sales/ Average Total Assets = $17,700,000/$35,100,000 = 0.50

c. Return on investment (ROI) =Net income/Total investment x 100%

= $ 5,300,000/ $ 35,100,000 x 100% =15.09%

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3 years ago

Charlie is at the top of her company's organization chart. Which of the following is most likely to be her job title?

kow [346]

Her job title is to be a CEO

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3 years ago