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Sav [38]
2 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]2 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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Rediger Inc., a manufacturing Corporation, has provided the following data for the month of June. The balance in the Work in Pro
AVprozaik [17]

Answer:

$150,900

Explanation:

Calculation for what The cost of goods manufactured for June was:

Direct materials $56,800

Direct labor $30,700

Manufacturing overhead applied to work in process $53,900

Total manufacturing costs $141,400

Add: Beginning work in process inventory $31,000

$172,400

Less: Ending work in process inventory $21,500

Cost of goods manufactured $150,900

($172,400-$21,500)

Therefore The cost of goods manufactured for June was:$150,900

4 0
2 years ago
Considerable research has documented that in many product categories, consumers are unable to distinguish among brands when give
kirill115 [55]

Answer:

brand loyalty

Explanation:

Brand loyalty: The term "brand loyalty" is determined as the propensity of specific consumers to "continuously purchase" a particular brand's products over some other brand's products. However, a specific consumer's behavioral patterns are responsible for demonstrating that he or she will continue to purchase products from the same company that has been fostered a "trusting relationship".

In the question above, the given statement represents brand loyalty.

5 0
3 years ago
During an exit interview, a manager discovers that the reason an employee is resigning is because of unlawful harassment from a
natka813 [3]

Answer:

See explanation below for answer.

Explanation:

The manager should embark on an investigation, in order to get to the bottom of the matter. The accusation must be treated seriously in order to make sure that the root cause of the problem is established, this will be done with the details of the harassment that the employee provides.

Also, the witnesses that the employee has mentioned must be questioned in order to establish the facts of the issue. The matter must be treated with the utmost urgency, in order to stop the issue from repeating itself, because this will affect the productivity of the affected employees if left unchecked.

7 0
3 years ago
Read 2 more answers
On January 1, 2017, Smeder Company, an 80% owned subsidiary of Collins, Inc., transferred equipment with a 10-year life (six of
maks197457 [2]

Answer:

Credit accumulated depreciation for 2017 is $46,000

Explanation:

Accumulated depreciation increases as a result of increase in depreciation charged on fixed assets.

Given that:

Accumulated Depreciation = $48,000

Deferred Gain on Transfer = $12,000

Amortization of Gain = Deferred Gain on Transfer / 6 years remaining = $12000 / 6 = $2000

Credit to Accumulated Depreciation for 2017 = Accumulated Depreciation - Deferred gain on transfer = $48000 - $2000 = $46000

8 0
3 years ago
Transactions processing systems monitor, collect, store, and process data generated from all business events. Select one: True F
Radda [10]

Answer:

TRUE

Explanation:

For example: consider a video game store where a customer comes in to buy a product then pay for it at the checkout counter. The staff goes to take the similar product from the store room and replaces it on the shelve. When the stock runs low, new products are ordered.

All the processes above involve the collection, storing and processing of the  the product and the system that monitors those process is known as Transaction Processing System.

4 0
3 years ago
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