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AveGali [126]
3 years ago
10

1. Economic systems An economic system consists of a set of institutional arrangements and a method of coordinating economic act

ivity. The two polar extremes of economic systems are the command system and the market system. Which of the following are characteristics of the market system? Check all that apply. Production goals or targets are transmitted from top authorities to the individual producing units. The independent decisions of individuals in the marketplace determine the answers to the fundamental economic questions. A dictator or a group of central planners answers the fundamental economic questions.\\
Business
1 answer:
Marta_Voda [28]3 years ago
3 0

Answer:

The independent decisions of individuals in the marketplace determine the answers to the fundamental economic questions.

Explanation:

The study of Economic Science allows us to understand the fundamental premises that govern the functioning of market economies. A market economy operates freely - the decisions of the economic agents are independent - which leads us to understand determining questions, such as how much to produce and how much to employ.

A market economy operates under the logic of the interaction between supply and demand of goods and services, so that companies act in a system of competition, via prices, for market share. Thus, consumers benefit from competition and the role of government is only to ensure the right environment for economic transactions.

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According to McGregor which of the following characterizes the assumptions of a Theory X manager?
Korvikt [17]

Answer:

All of the above

Explanation:

This theory is one of the theories of work and motivation as it pertains to certain workers. The theory is by Douglas MacGregor

These are the assumptions

1.that many people hate anything work and would do anything they can to avoid working.

2.people are not ambitious. They would rather avoid responsibility

3. People have to be forced to work, so they must be directed.

7 0
3 years ago
Other things the same, when the government spends more, the initial effect is that a. aggregate demand shifts right. b. aggregat
tatyana61 [14]

Answer: Option (a) is correct.

Explanation:

Correct option: Aggregate demand shifts right.

Aggregate demand = consumption + government spending + Investment + Net Exports

Other things remains constant, if there is an increase in the government spending, as a result aggregate demand curve shifts rightwards. This will lead to increase the price level and level of output.

4 0
3 years ago
In what situations is top-down planning likely to be superior to bottom-up emergent strategy development
Marianna [84]

Answer is given below :

Explanation:

  • Both strategies aim to convey and process knowledge between and within the organization. The top-down approach for sub-categories to gain insights at the senior management level breaks down a system.
  • This is a great tool to help managers identify areas of improvement using quota and monthly matrix goals. There are flaws in this strategy, employees are not involved in the process and managers do not understand the full impact of the changes made.
  • Morality can be affected because this strategy is motivated by fear and encouragement. The bottom line is that in some cases it is more complex, although employees feel motivated to provide more authority and quality work. The information is processed to a minimum and communicated to management.
  • This may help in some areas because administrators may not fully understand the process. I should use the military as an example for a top down strategy.
  • It works on the battlefield when there is no time to discuss or motivate employees. Top down is used when there is a slight change in environmental factors.
5 0
3 years ago
Jeff Co. sells its giant cheese wheels for $36 per wheel. The contribution margin ratio is 75% and total fixed costs are $270,00
Damm [24]

Answer:

Level of sales in dollars in order to generate a profit of $54,000 Fixed cost + Target profit/Contribution per unit $270,000 + $54,0000/0.75

= $432,000

Number of units to be sold

= Level of sales/Selling price

= $432,000/$36

= 12,000 units

The correct answer is A

Explanation:

In this case, we need to calculate level of sales in dollars, which is fixed cost plus target profit divided by contribution margin ratio. Then, we will calculate no of units to be sold, which is the level of sales divided by selling price.

7 0
2 years ago
A stationery company plans to launch a new type of indelible ink pen. Advertising for the new product will be heavy and will cos
stich3 [128]

Answer:

The advertising spend would reduce income taxes by $2.8 million

Explanation:

The advertising expense since it is allowable expense from profits made in the year would reduce income taxes next year by  $2.8 million ($8 million *35%)

This means that because of its tax deductibility,it would make a business sense to incur the advertising cost of $8 million coupled with the fact the it has the potential to increase sales revenue over and above the current level of $280 million

3 0
3 years ago
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