Answer:
B. allows businesses to operate without much government
interference.
Explanation:
The free enterprise system is an economic model where government participation is minimal. The private sector owns the majority of factors of production. The laws of supply and demand determine market prices, the type, quality, and quantity of goods to be availed for sale.
The government's role is mainly regulatory. Buyers and sellers have the freedom to choose what to sell or buy. Profits are a big motivation to do business under the free enterprise system.
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Answer:
A) Establish high standards for being hired for any Camp Bow Wow job and set commensurately high compensation.
Explanation:
Setting compensation that is competitive will keep employees happy with the work that they are putting and they will feel that they are being fairly rewarded for the amount of work that they are doing. Also maintaining high standards will keep business processes running smoothly and always present the company with the opportunity to implement new ideas as staff are competent and will most likely be eager to adopt the innovative ideas / concepts. Feeling as though it is a privilege to work for Camp Bow Wow will keep employees motivated and eager to perform.
Answer:
The standard cost is $5 per lbs
each units uses 2 lbs, so the unit stadard cost is $10
Explanation:
Volume variance
std quantity 2800.00 (1,400 units times 2 pounds per unit)
actual quantity 3000.00
std cost ??
difference -200.00
efficiency variance $(1,000.00)
-200 x Std cost = -1,000
Standard cost = -1,000/-200 = 5
The standard cost is $5 per lbs
each units uses 2 lbs, so the unit stadard cost is $10
