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3 years ago

Three basic decisions must be made by all economies. What are they?

Business

1 answer:

KiRa [710]3 years ago

5 0

Answer:

3 basics decision that need to made or taken by all the economies are

1. What to produce

2. For whom to produce

3. How to produce

Explanation:

The 3 basic decisions which should be made by the all economies are:

1. What to produce - Under this, the economies need to decide that what product or service they need to produce, which is liked by the consumers or purchased by the consumers so that they could sell their product in the market and earn profit out of it. In this, the economy need to take care of the needs or demand of the consumers and produce accordingly.

2. How to produce - Then the second decision is regarding how to the produce the goods or services, which the customers or consumers want as they have the limited resources available with them and from that they cannot produce all the products. So, they need to choose or decide.

3. For whom to produce or who consumes it - Under this, they required to take the decision regarding that for whom they are producing the goods or services whether it is a company or a consumer or economy.

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Is an integral part of business continuity planning, but bcp is much broader?

TEA [102]

Is an integral part of business continuity planning, but BCP is much broader? Disaster recovery. Business continuity planning is the process a business takes when creating systems to prevent and recover if threats should happen to a company. Disaster recovery is a subgroup of BCP and one aspect of the business continuity planning that should be in place.

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3 years ago

Edward is considering buying a home using credit. What are three questions he should ask himself to ensure he is using credit re

Contact [7]

Three of the most important questions he needs to ask are the following: 1. Are you making a big purchase? This is important because the bigger the pruchase the better attention he needs to have into interest rates. 2. How are you paying off your card balance? the payment can be in one payment or in different ones. And 3. Would you like free bonuses with your purchase? some credits offer that some others not. It is very important to have that in mind

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3 years ago

Dividends a. are the rates of return on a company’s capital stock. b. are the difference between the price and present value per

faust18 [17]

Answer:

a. are the rates of return on a company's capital stock.

Explanation:

Dividends are are earnings distributed to company's share holders as a result of the shares held by them in the company.

When a company is formed I.e company quoted on the stock exchange, they are usually financed by shareholder's fund.

A share is the unit of capital of a company allocated to an individual while a shareholder is someone who has share(s) in the company. Shareholders are owners of the company. They are also investors and so they expect returns on their investment at the end of each financial period.

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3 years ago

The concept of risk management is based on an assessment of benefits gained compared to the ___:

Tanzania [10]

Answer:

potential risk/threat

Explanation:

the concept of risk management is based on mitigating risk or avoid potential threat and plans of minimizing the impact should they occur.

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3 years ago

Miller Corporation issued 6000 shares of its $5 par value common stock in payment for attorney services billed at $54,000. Mil

Deffense [45]

Answer:Share premium account of $24,000

The provider of attorney services of $30,000

Explanation:

On provision of services, the Attorney services expenses account is debited with $54,000 and the attorney services provider account credited with $54,000

Furthermore a share account is opened for the provider and credited with $30,000 , the share premium is credited $24,000 and a debit transfer is made to his liability account initially credited.

The $24,000 credit to share premium represents the difference between the nominal value of the share of $5 and the market value of $9 multiply by the 30,000 shares he was paid with.

Also a memorandum will be issued to state that 6000 share has been transferred from Miller to the attorney services provider and the shares will be delited from his name and entered in the name of the services provider because the credit of shares to his account does not represents new shares issued but it's the transfer of Miller's shares to him.

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3 years ago