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attashe74 [19]
3 years ago
9

Is a situation in which the economy produces more goods and services than it did the year before.

Business
1 answer:
Hoochie [10]3 years ago
4 0

Answer:

Economic growth is a situation in which the economy produces more goods and services than it did the year before.

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Managers feel confident that they can understand, predict, and react to the external forces affecting their businesses when:____
stealth61 [152]

Answer:

D. Resource scarcity is low

Explanation:

When environmental changes and complexities are at low levels ( that is, like technological changes, law, politics, conpetition, trends etc.) and also resource scarcity is low (which means resources are in abundance or plentiful), managers becomes more confident that they can understand, predict, and react to the external forces affecting their businesses.

Low resource scarcity is makes managers very confident because they have available more resources to undergo their production processes.

8 0
3 years ago
What is the basic difference between liability insurance and collision insurance?
Alla [95]
Liability insurance covers damage to the insured vehicle that occurs as a result of anything other than collision. This can be as a result of Mother Nature, fire or vandalism. Most insurance policies include hitting a deer<span> under the comprehensive insurance rather than collision. This can cause confusion.</span><span>


Collision insurance covers damage that occurs as a result of a collision with another vehicle or object. This coverage applies regardless of who is at fault in the accident. Collision coverage will handle damage from hitting a post, tree, curb or other various objects.


</span>
5 0
3 years ago
Chester Corp. ended the year carrying $21,490,000 worth of inventory. Had they sold their entire inventory at their current pric
Readme [11.4K]

Answer: $21,490,000

Explanation:

Contribution Margin is simply the Sales less the value of variable costs.

If the inventory had been sold in its entirety, it would have added its value to the sales which means that sales would have increased by the value of the inventory which is $21,490,000.

4 0
3 years ago
Which of the following is not one of the activities found on the statement of cash flows?
Andrej [43]

Answer:

option A  

Explanation:

Throughout financial accounting, the cash flow statement, also recognized as a cash flow statement, is indeed refers to a financial statement demonstrating how adjustments throughout balance sheet balances and sales impact cash balances and splits the report in grouping of Operating activities, financing activities and investing activities.

Particularly, the cash flow report deals with cash flow into and out of the corporation. As an academic discipline, the cash flow statement is helpful in determining a corporation's brief-term competitiveness, especially the capacity to pay expenditures.

4 0
3 years ago
Using all of their resources, Company A can make either 100 computers or 50 cell phones while Company B can make either 200 comp
KIM [24]

Answer:

company B

company B

Explanation:

A company has comparative advantage in production if it produces at a lower opportunity cost when compared to other companies.

Opportunity cost of producing cell phones

company A = 100 / 50 = 2

company B = 200 / 150 = 1.3

The opportunity cost of company B is lower than that of company A. Company B has a comparative advantage in the production of cell phones

A company has absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other countries

Company B produces 200 computers while company A produces 100 computer. Company B has an absolute advantage in the production of computers

4 0
3 years ago
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