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3 years ago

During which phase in the process must a firm allocate its factors of production?

2 answers:

4 0

In economics, the three stages of production are increasing average product production, decreasing marginal returns and negative marginal returns. It would be during the first stage that a firm must allocate its factors of production. Hope this answers the question.

stellarik [79]3 years ago

4 0

Hello there.

During which phase in the process must a firm allocate its factors of production?

increasing average product production

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1 ).which of the following is the term for day-to-day and long-term tasks you are assinged to complete?

Job responsibilities.

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It can help you narrow down your options and get the training you need.

3 ). which statement was true in the past, but not generally true today?

Young people tend to go into the job that their parents and grandparents did.

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People with the same job title may perform different duties.

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A realistic assessment of your abilities and interests will help you find an appropriate career.

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3 years ago

A company reported net income of $290,000. Beginning balances in Accounts Receivable and Accounts Payable were $18,000 and $21,0

NikAS [45]

Answer:

$310,500

Explanation:

The first step is to calculste the increase in account payable

= ending amount-beginning balance

= $29,000-$11,500

= $17,500

Decrease in account receivable

= $21,000-$18,000

= $3,000

Therefore the cash flow can be calculated as follows

= $290,000 + $17,500 + $3000

= $310,500

8 0

3 years ago

There are 12 general categories of threat to an organization's people, information, and systems. List at least six of the genera

Alenkinab [10]

Answer:

1. Human Error: an example is disregard to safety measures.

2. Compromises to Intellectual Property: an example is piracy of an organization's product.

3. Forces of Nature: an example is earthquake.

4. Information extortion: an example is coercion or blackmail.

5. Quality of service deviation: an example is an epileptic or poor power supply.

6. Industrial espionage: an example is unethical hacking of data.

Explanation:

A threat to an organization's people, information, and systems is basically any circumstances or events that poses a potential danger, damage or adverse affect to its smooth running.

These threats can be classified into six (6) categories and these are;

1. Human Error or failure: this are errors that arise as a result of having incompetent employees (slips and lapses) or mistakes stemming from the workers. An example of human error is an employee that disregard safety measures.

2. Compromises to Intellectual Property: this usually occurs when an intellectual property is stolen illegally from an organization. An example is piracy of an organization's product.

3. Forces of Nature: this is usually caused by a natural disaster. Examples of forces of nature are flood, earthquake, fire etc.

4. Information extortion: this arises when sensitive data about an organization is held through coercion, bribery or computer hacking.

5. Quality of service deviation: this would occur when there's a shortage in the quality of service received by an organization, contrary to what is expected or required. Examples are poor power supply, poor internet service etc.

6. Industrial espionage: this is as a result of loosing sensitive data to unauthorized individuals or hackers.

7 0

3 years ago

Powers Corporation has provided the following information for its most recent month of operation: sales $16,000; ending inventor

Elza [17]

Answer:

The beginning inventory was $2000.

Explanation:

First, we need to calculate the Cost of Goods sold. The cost of Goods sold is the difference between the Sales and the gross profit. Thus, the cost of goods sold is 16000 - 10000 = $6000

The value of the beginning inventory for the period can be calculated by using the Cost of Goods sold formula. The cost of goods sold is calculated as:

Cost of goods sold = Beginning inventory + Purchases - Closing Inventory

Plugging in the available figures in the formula,

6000 = Beginning Inventory + 8000 - 4000

6000 = Beginning inventory + 4000

6000 - 4000 = Beginning Inventory

Beginning Inventory = $2000

7 0

3 years ago

The CEO introduced another overseas effort by noting that it represented an attempt to confront an international competitor. The

ahrayia [7]

The CEO was most likely referring to the following efforts : d) a distribution center established in London to preempt the growth of a British car manufacturer.

Explanation:

The company establishing its trade and investment activities across the national borders is known as international business.

The following are some of the factors of production:

i) Manufacturing infrastructure

ii) Technology

iii) Managerial talent

It is important for a company to take more effort and establish its distribution center overseas to confront the international competitors. In the above scenario, the CEO decided to establish his distribution center in London to block the growth of a British car manufacturer.

7 0

3 years ago