Answer:
A business is any organization where people work together.
Explanation:
- Business is any organization which strives to earn profit through the focusing on a common goal. Business is located such that it is near to the resources needed for its success.
- The business strategy and type of business determine the goals of the business.
- Irrespective of the devised strategy the business must aim to produce a product, service to empower the society.
- The three characteristics to conduct a business include:business must be the product of individuals working in organized way, must help the society, must make some profit.
Answer: B.brand name
Explanation: A brand name is a name used by a manufacturer to identify of differentiate its products or services. such is a service in this case it is a single line of product a cable modem. to differentiate theirs from others already in the market a brand name would be needed For example, addidas is the brand name used on most products manufactured by addidas, from this example, the business name adidas and brand name addidas are the sam.
Answer:
If computers are produced mostly by capital and beer is produced mostly by labor, the H-O model predicts that
Germany will export computers in exchange for beer.
Explanation:
The H-O model or Heckscher-Ohlin theory is an economic model about the comparative advantages of nations in international trade. The model tries to explain the equilibrium of trade existing between two countries that have varying specialties and natural resources. According to the H-O model, countries export more goods and services for which they have plenty resources than they do for goods and services for which they have scarce resources. For example, if a country has capital in abundance, it will export more of capital-intensive products while it will import labor-intensive products, because it has scarce labor resources.
Manufacturing overhead= $57,600
Explanation:
To calculate the Conversion costs, we need to use the following formula:
Conversion costs= direct labor + manufacturing overhead
Now, if direct labor is 60% of conversion costs, then:
Conversion costs= direct labor / (1 - 0.4)
Conversion costs= 86,400 / 0.6
Conversion costs= $144,000
Finally, we determine the manufacturing overhead:
Manufacturing overhead= 144,000 - 86,400
Manufacturing overhead= $57,600
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