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3 years ago

What makes government contracts unique?

Business

2 answers:

faust18 [17]3 years ago

7 0

Answer:

The correct answer is the option D: They create obligations normally applied to government agencies.

Explanation:

On one hand, a government contract is the name given by law to the situation where to parties compromise themself with each other and where one of them is a government agency, therefore that its main characteristic is that those type of contracts involve a party that is a government entity.

On the other hand, a government contractor is the name that tends to receive the company, privately owned or publicly trade but not a state owned enterprise, whose characteristic is that it produces goods or services under contract for the government only.

Vika [28.1K]3 years ago

5 0

They create obligations normally applied to government agencies

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If Colombia spends 2 hours producing coffee and 6 hours producing oranges, and Cuba spends 3 hours producing coffee and 1 hour p

zimovet [89]

Answer: C. Colombia has an absolute advantage producing coffee, and Cuba has an absolute advantage producing oranges

Explanation:

From the question, we are informed that Colombia spends 2 hours producing coffee and 6 hours producing oranges, and Cuba spends 3 hours producing coffee and 1 hour producing oranges.

Since Columbia spends a lesser time producing coffee and Cuba spends a lesser time producing oranges, it means that Colombia has an absolute advantage producing coffee, and Cuba has an absolute advantage producing oranges.

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3 years ago

Which is true of an enterprise resource planning (ERP) system?

Evgesh-ka [11]

Answer:

c. It has compatibility problems with legacy systems

Explanation:

Enterprise Resource Planning possess issues with the legacy systems and that is completely a compatibility issue because of technological advancement internally in the organization that creates the same as well.

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3 years ago

Americans' core value of upward mobility (i.e., success will come to anyone who works hard) has greatly influenced the way luxur

Vlad1618 [11]

Answer: Option (C)

Explanation:

Sociological factors are referred to as or known as elements or factors of the society that tends to radiate negative and positive influence which cause a change in function, structure, elements, and orientation. Sociology tends to mostly study society in regards with its elements, structure, and their development which mostly includes numerous factors such as people and the population, ethnicity, age, gender, religion, view , culture, and etc.

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3 years ago

Gary’s Company produces high quality shirts. Shirts must be well made because of frequent washings. Currently, Gary sells 10,000

grin007 [14]

Answer:

Unless the capacity is expanded or some of the production gets outsource, the offer is not convenient.

Explanation:

Giving the following information:

Currently, Gary sells 10,000 shirts at $60 each with the capacity to produce 11,000 shirts. Gary is considering a special order for 1,800 shirts for $40.

Gary has the following costs:

Unit Costs $200,000

Facility Costs $140,000

If Gary accepts the special order, they will incur an additional $2 per shirt in foreign currency transaction costs.

Because it is a special offer and there is unused capacity, we will not have into account the fixed costs.

variable cost per unit= (200,000/10,000) + 2= $22

Effect on income= (40 - 22)*1,800= $32,400

We have to take into account the loss of not selling 1,000 units.

Effect on income= 1,000*40= $40,000

Total effect= 32,400 - 40,000= $7,600

Unless the capacity is expanded or some of the production gets outsource, the offer is not convenient.

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3 years ago

Joel and Mike would like to start a new business selling a product new to the U.S., the Peraves Monotracer. Joel and Mike have d

nadezda [96]

Full question:

Joel and Mike would like to start a new business selling a product new to the U.S., the Peraves Monotracer. Joel and Mike have done a considerable amount of research on this product, and think it would be successful in the U.S. However, they are still concerned about the risk of a new venture and both would like to avoid losing any personal assets. They should organize their firm as a

Multiple Choice

corporation.

limited partnership.

general partnership.

sole proprietorship.

Answer:

They should organize their firm as a corporation.

Explanation:

A corporation is a kind of business process that represents the business as a separate, legitimate entity managed by a group of directors identified as the board of directors.

An essential component of a corporation is confined liability, which indicates that shareholders may practice share in the profits by dividends and stock recognition but are not individually responsible for the company's shares. A corporation's purposes can be for-profit or not, as with donations. Still, the huge preponderance of corporations intends to afford a return for its shareholders.

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3 years ago