Answer:
At the beginning of lecture, Dr.McCarty says that the US economy is built to serve:________.
b. People who own things
Explanation:
The U.S. economy, which is a mixed economy, exhibits both capitalism and socialism characteristics. While it allows economic freedom to people who own things (capitalists), occasionally, the government intervenes to achieve public good by imposing some restrictions and licensing. The government is also involved in some economic development, especially as it relates to education, roads, and healthcare. As a mixed economy, the government uses monetary and fiscal policies to rein in some of the excesses of capitalism.
Answer:
B. (1) and (4)
Explanation:
Plant assets are tangible assets that have a useful life of more than 1 year, and are used by the company in its normal operations.
The cars available for sale are part of the inventory while the land is considered an investment. The only plant assets are the showroom and surrounding buildings, and the car that provides free rides to customers.
The three types of companies that populate and compete in the global marketplace are (1) international firms; (2) multinational firms; and (3) <u>transnational</u> firms.
<u>Explanation:</u>
An international corporation, also known as a global corporation, is derived from the generic word global, meaning worldwide. As an enhancement of the marketing strategy in their home country, a foreign company participates in trade and marketing in various countries and called as international firms.
A multinational company views the world uniquely as composed of unique parts and markets to each component. A transnational organization looks at the world as a single market and recognizes cultural connections across countries or common consumer needs, and seeks more than disparities.
Answer: $1,020
Explanation:
= Machine setup for Job 971 * Budgeted machine setup cost
Budgeted Machine setup cost = 13,260/390 setups
= $34 per setup
Overhead cost for Job 971 is:
= 34 * 30
= $1,020
