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3 years ago

Because they have similar skills, you choose Jim. Choosing your friend is OK in this case.

Business

1 answer:

finlep [7]3 years ago

7 0

Answer: Because they have similar skills, you choose Jim. Choosing your friend is OK in this case.

Explanation:

Choosing your friend Jim is indeed right in this scenario because they have the same skill level and work ethic.

It would be a win - win situation for you because it does not show partiality but at the same time you get to help a friend.

Had Jim being of a lower work ethic and skill level, it would have been very wrong to pick him as he would not have been the best person for the job but would only have gotten it due to connections and would likely not perform as well as the other person would have.

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When higher prices result in a lower quantity demanded, economists call this relationship: a. the law of quantity. b. the demand

Zanzabum

Answer:

d. the law of demand

Explanation:

One of the foundations of current economy, the inversely proportional relationship between prices and quantity demanded, that is, the higher the price the lower the demand, is known by economists as the law of demand.

This law is a key factor in the determination of prices of goods and services that we see each day and reflects the decrease in the marginal utility of each extra unit with an increase in price.

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3 years ago

Which of the following would not be considered by a family owned business in their process of deciding to decide?

san4es73 [151]

A family owned business will consider the budget, profit, goal of the business, status of the business, among others. Although this business might have a difficulty considering the welfare of their employees when deciding an important deal. They will have a difficulty empathizing with their employees since they are more focus on their business than their people.

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3 years ago

How is productivity calculated

Alenkinab [10]

Answer:

productivity is calculated by using formula

Explanation:

formula = total output/ total input

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3 years ago

Read 2 more answers

Retained earnings represents: Multiple Choice Amount of cash available for paying dividends. Total assets minus total liabilitie

kotegsom [21]

Answer:

All net income, less all dividends, since the company began operations.

Explanation:

Retained Earnings are the retained profits that the company keeps with itself, for meeting any case of emergency or for growing company and thus, meeting the growing expenses.

Each year when company earns profits and then, it distributes its profits in the form of dividends, the balance remaining after paying the dividends is added to retained earnings.

Thus, the entire balance of these kind of profits not paid anywhere else and also not utilized is called retained earnings.

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3 years ago

Place each of the following transactions in one of the four components of expenditure: consumption, investment, government purch

slega [8]

Answer:

a. Boeing sells an airplane to the U.S. Air Force. - government purchases.

The U.S. Air Force is a branch of the government, and is buying the airplane from Boeing. Therefore, this is a government purchase.

b. Boeing sells an airplane to American Airlines. - investment.

America Airlines, a private company, is buying the airplane to make profit from it. Therefore, it is an investment.

c. Boeing sells an airplane to Air France. - net exports.

Boeing, an American manufacturer, is selling an airplane to a foreign company: Air France, this is an import, and imports are part of net exports.

d. Boeing sells an airplane to Amelia Earhart. - consumption.

Amelia Earhart, a person, is buying an airplane. This is private consumption.

e. Boeing builds an airplane to be sold next year. - investment.

This airplane is finished inventory ready to be sold, and this type of inventory is considered an investment in the GDP calculation.

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4 years ago