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Sav [38]
3 years ago
7

Adam Smith taught that individual buyers and sellers who act in their own self interest frequently promote​ society's interest.

What assumption is needed for​ society's interest to be​ promoted?
Business
1 answer:
alexgriva [62]3 years ago
7 0

Answer:

All of the above

Explanation:

In a market economy, most businesses have most of the resources available to them such as labor, land, and capital. They make use of voluntary decisions, that are made in their own self-interest, to achieve the highest personal benefit from various marketplace activities and transactions.

Self-interest dominate in capitalist economies where goods and services are exchanged with ease. These forces are responsible for driving the supply and demand for goods and services as well as the value of goods and services.

Adam Smith was one of the first economists to explain how self-interest and rational self-interest in a free-market economy can result to the entire economic well-being.

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Delta Company purchased a delivery truck for a total cost of $15,000. Delta paid $2,000 in cash and signed a note payable for th
kupik [55]

Answer:

increase assets by $13,000, increase liabilities by $13,000 and have no effect on equity.

Explanation:

Given that

The total cost of purchase of delivery truck = $15,000

Cash paid = $2,000

The accounting equation equals to

Total assets = Total liabilities + owners equity

The remaining amount left would be equal to

= $15,000 - $2,000

= $13,000

So it would increase the assets for $13,000 as the delivery truck is purchased plus there is also an increase in liabilities for $13,000 as it signed a note payable and there is no effect on equity

8 0
3 years ago
Can someone buy me an iphone... i rlly need it (IT DOESNT MATTER WHICH KIND OF IPHONE !!!!!!!)
jok3333 [9.3K]

Answer:

I cant

Explanation:

IM A KID I WANT ONE TOOOOO!!!!

5 0
2 years ago
Read 2 more answers
Good strategy execution involves Multiple Choice making choices among broad or narrow low cost and differentiation strategies to
Semmy [17]

Answer:

<u><em>The answer is:</em></u> team participation to perform strategy-critical activities in light of prevailing circumstances.

Explanation:

The good execution of the strategy is mainly related to the ability of managers to involve all operational areas and all employees in the process of participating in the strategic actions that were developed to achieve the goals and objectives of the organization.

Therefore, managers have an essential role in exercising control, coordination and monitoring of the teams, so that the execution of the strategy takes place in an effective and active manner, being shared as a responsibility and efforts of the entire team.

8 0
3 years ago
In Benny v. City Car Dealership, a state supreme court held that a minor could cancel a contract for the sale of a car. Now a tr
eduard

Answer:

A

Explanation:

Allow the minor to cancel the contract

5 0
3 years ago
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Assignment Content Potential risk factors are found in every project. Although individual projects have different risks, there a
svetoff [14.1K]

Answer and Explanation:

The common risk factors into the project are shown below :-

a. Most of the projects are at risk from the budget. In which the organisation estimates the budget is inaccurate or less for the project.

b. One of the important risk organizations that the project faces is that there is a conflict between the parties concerned. That could affect the project.

c. Technology risks one of the threats, too. Where service outrage interferes with or affects a project.

d. We face the threat of schedule even during the project. Where it's not finishing the project on time. That will improve the company's costs.

e. In the project health and safety is a common threat that each organisation or initiative has to face and make the threat a priority.

All those risks are normal, Since expense, technology, and manpower are important in any project period. That allows us to finish the tasks and how that affects other factors. It can represent a risk to the project.

There are plenty of risks in the project which are normal to some of them. Measuring all of those threats. We need to audit the project in a timely manner by analyzing the project situation and that we can also do a project performance management to evaluate all the project risks.

Understanding these risks can be a powerful and significant consideration for the company in the strategic preparation of the organisation.

Through taking those risks into account. Organization can accurately foresee the potential problems, the project situations.

It should help the company overcome the problem as quickly as possible. That helps save the business time and costs.

5 0
3 years ago
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