Answer:
The correct answer is D. One, what goods and services will be produced? Two, how will the goods and services be produced? Three, who will receive the goods and services produced?
Explanation:
There are two questions in particular that summarize the reason for the economy:
• How do elections determine what, how and for whom goods and services are produced?
• At what point are choices made in pursuit of personal interest promoting social interest?
What, how and for whom?
Goods and services are the objects that people value and produce to meet their needs.
What? It determines the goods and services that are produced as well as the amount that is produced from each good and service.
How? Goods and services are produced using what economists call production factors.
The factors of production are the resources that companies use to produce goods and services. These factors fall into four categories:
• Earth
• Job
• Capital
Answer:
The answer is c. remains constant in total with changes in the level of activity.
Explanation:
In a cost structure of a firm, for decision-making purpose, it is usually divided into fixed cost and variable cost.
Variable cost is the type of costs which will increase following an additional production of an extra unit of product/service, that is, level of activity has been risen up given the production is taken place. A good example of these cost are material cost, labeling cost.
Fixed cost, as it name may tell, is costs that are unchanged regardless of a firm's activities level. That is, regardless of how many product/service is produced, these costs remain the same. A good example of these cost are depreciation cost, rental cost.
Answer:
The potential of additional regional currencies such as the euro is very important, and for this reason, many economists support the idea. In fact, John Maynard Keynes, one of the most influential economists in history, once proposed not a regional common currency, but a common global currency.
The potential lies in the fact that regional currencies allow to coordinate a common monetary policy in several countries. This common policy means that several countries now have the same interest rates, the same rate of inflation, and the same currency itself, and all these commonalities facilitate the exchange of goods and services.
While the Euro has had drawbacks since its inception, the Euro has survived, and is now one of the strongest curriencies in the world.
If you support the concept, should those currencies be tied to regional economic blocs?
I support the concept, and I agree that they should be tied to regional economic bloc. It would not be very effective to adopt a common currency for countries that are not economically integrated in other areas.
Answer:
Option B
Explanation:
In simple words, The fundamental mistake throughout the attribution refers to the propensity for individuals to overemphasise personal attributes and neglect environmental variables in evaluating actions of others.
For instance, in one experiment whenever something unpleasant occurred to somebody else, participants blamed the actions or attitude of that individual 65 per cent of the total times. Thus, from the above we can conclude that the correct option is B.
Answer:
What was Organic Grocers' inventory turnover
ORGANIC
11,58 INVENTORY TURNOVER
Explanation:
The Organic company compared with the industry works with more inventory than the market, which means that the company is less efficient than the Grocery Industry in Inventory management .
ORGANIC
11,58 INVENTORY TURNOVER
11.680,000 Cost Of Goods
1.008,880 Average Inventory
32 DAYS IN INVENTORY
To calculate the Inventory Turnover ratio it's necessary to calculate the average inventory of the year ($1,008,880) , take the Total Cost of Goods ($11,680,000) and divide it by the Average Inventory, the result it's the Inventory Turnover of the company, in this case 11,58
To find the days in inventory we have to divide 365 (days of the year) by the Inventory Turnover, 11,58 the result is 32 days.
To have a similar Inventory Turnover as the industry the company needs to low the average inventory to $898,524.
ORGANIC
13,00 INVENTORY TURNOVER
11.680,000 Cost Of Goods
898,524 Average Inventory
28 DAYS IN INVENTORY
