1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
jok3333 [9.3K]
3 years ago
12

invisible hand in Adam Smith's theory turns self-directed gain into social and economic benefits for all. true false

Business
1 answer:
timofeeve [1]3 years ago
3 0

Answer:

TRUE

Explanation:

Adam Smith 'Laissez Faire' Theory implies : Markets as free mechanisms are best, they are guided by self interest which tends to bring best socio economic welfare by increasing wealth. The market 'Invisible Hand' acts as an automatic stabiliser to any economic discrepancy & any government intervention is unnecessarily distortionary.

You might be interested in
Consider your current organization or an organization with which you were once affiliated. Is there a dominant change approach i
enyata [817]

Answer:

As somebody once said change is the main thing constant throughout everyday life. Be it for an individual or an organization change is required to adjust and advance.  

Change has consistently been there. The main thing diverse in this day and age is the manner by which quick things change and so as to stay aware of this pace each association must have a change the board system set up. Change expands the profundity of an individual's information decidedly.  

Taking a case of Organization An or Org An as it will be alluded to in the accompanying section  

Association A will be a quick evolving telecom organization with workplaces everywhere throughout the world with its administrative center being in UK. Organization A has representatives from various social and social foundations. With regards to a change Org A has a benefit arranged change the executives framework set up. To stay aware of the opposition and to develop as market pioneers, Org A concocted an item called Always on Call.  

Continuously available to come in to work was to assist clients with remaining associated any place they were. Organization A received another CRM for the item and revealed a preparation for all its client assistance executives. As the item and the CRM were totally new a pilot stage was tried. During the testing various downsides were distinguished both with the item just as the new CRM. The report was submitted to the partners. Anyway the partners felt that the disadvantages weren't that major and they felt free to reveal the item.

7 0
3 years ago
The controller of Hendershot Corporation estimates the amount of materials handling overhead cost that should be allocated to th
RSB [31]

Answer:

$1,933.32

Explanation:

Total materials handling cost for the year = $16,652.90

Total direct labor hours:

= [(Total expected units produced for wall mirrors × Expected direct labor hours per unit for wall mirrors) + (Total expected units produced for Specialty Windows × Expected direct labor hours per unit for Specialty Windows)]

=  [(13,400 × 6) + (1,320 × 8)]

= 80,400 + 10,560

= 90,960

Cost per Direct labor hour:

= Total Expected material handling cost ÷ Total direct labor hours

= $16,652.90 ÷ 90,960

= $0.18308

Material handling Cost allocated to specialty windows:

= Cost per Direct labor hour × Direct labor Hours

= $0.18308 × (1,320 × 8)

= $0.18308 × 10,560

= $1,933.32

Therefore, the total materials handling cost allocated to the specialty windows is closest to $1,933.32 .

6 0
3 years ago
Suppose that there are only two firms in the automobile industry in a particular country. Which term describes the country's aut
stiv31 [10]

Answer:

Duopoly ( B )

Explanation:

The term that describes a country's market whereby there are only two firms in any industry is ; Duopoly  

A Duopoly economy is a type of economy whereby the entirety of an Economy is solely controlled/owned by a not more than two industries/companies, this type of economy can be said to be a form of Oligopoly in its simplest form. while a monopolistic competition involves just one company or industry controlling the economy

7 0
3 years ago
A sample of 51 observations will be taken from an infinite population. The population proportion equals 0.85. The probability th
3241004551 [841]

Answer:

c. 0.0819

Explanation:

The mean = 0.85

standard error of the proportion is:     sp = sqrt(pq/n)

= sqrt ((.85)(0.15) / 51) = 0.05

P(0.9115 < X < 0.946) = P( (0.9115 - 0.85) / 0.05 < z < (0.946 - 0.85) / 0.05 )

= P(1.23 < z < 1.92)

= P(z < 1.92) - P(z < 1.23) = 0.0819

8 0
3 years ago
John Smith is injured at work when he and another employee hold forklift races during their lunch hour at the warehouse where th
igor_vitrenko [27]

Answer:

The answer is option A) John's injuries will not be covered under workers' compensation because of his negligence.

Explanation:

Employers are usually required to carry workers' compensation insurance, which helps employees who have sustained a work-related injury recover monies spent to treat the injury.

The types of injuries covered by workers' compensation are those which can be connected in some way to an employment requirement or condition.

John's injuries will not be covered under workers' compensation since there is a standing order to avoid using the forklifts.

John's injury which happened as a result of holding forklift races during their lunch hour at the warehouse where they work will not be covered by the company.

5 0
3 years ago
Other questions:
  • Last year Tiemann Technologies reported $10,500 of sales, $6,250 of operating costs other than depreciation, and $1,300 of depre
    9·1 answer
  • Bill Rose owns Rose Sporting Goods. At the beginning of the year, Rose Sporting Goods had $2,600 in inventory. During the year,
    14·1 answer
  • Cellphones &amp; calltime, inc., makes an offer to delores to enter into a contract to work as a salesperson for a certain base
    9·1 answer
  • To include the personal assets and transactions of a business's owner in the records and reports of the business would be in con
    13·1 answer
  • Which of the following is NOT a reason that companies use social​ media? A. immediacy and timeliness B. interactiveness C. engag
    6·1 answer
  • Blue Ace Autos Inc. and Ferdova Autos Inc. are two competing automobile companies. While Blue Ace Autos' Cost of goods sold/Reve
    13·1 answer
  • The ______________ perspective assumes that the external environment is constantly changing, whether due to competition or custo
    10·1 answer
  • The taxes on a property were $4,800. The closing took place on June 15th. What is the seller's share of the taxes? Use the 30-da
    9·1 answer
  • Here are the comparative income statements of Ayayai Corp..
    10·1 answer
  • ICD-10-CM codes translate _____ of services provided from verbal and narrative descriptions to nationally accepted reporting sta
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!