1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Leona [35]
3 years ago
5

The market mechanism:

Business
1 answer:
anyanavicka [17]3 years ago
5 0

Answer:

works because prices serve as a means of communication between consumers and producers.

Explanation:

Market mechanism is the money is used as a medium of exchange between buyers and sellers in a open system of value (market).

In the market mechanism consumers are interested in maximising utility, while sellers want to maximise profit.

Demand and supply mechanics works to properly allocate resources according to fluctuations in price.

So market mechanism is successful because price has become a means of communication between buyers and sellers in their mission to maximise utility and profit.

You might be interested in
a simplified alternative to capitalization of net income that does not take into account bad debts or expenses is called?
mestny [16]

<u>Answer:</u>

The correct answer for this is: Gross Rent Multiplier.

<u>Explanation:</u>

The type of a simplified alternative to capitalization of net income that does not take into account bad debts or expenses is called Gross Rent Multiplier (GMR).

Gross Rent Multiplier is used to find the approximate net incomes that does not include any bad debts or expenses.

Also, it is considered as the quickest tool to estimate the values, such as of a building.

6 0
3 years ago
Which of the following statements is true?
SIZIF [17.4K]
Ummmmm I will go with answer A cause at my house its always like that.
6 0
4 years ago
Microsoft develops, produces, and markets a wide range of computer software, including the Windows operating system. On its rece
otez555 [7]

Answer:

                       Allowance for Doubtful Account

Accounts written off          $56       Beginning balance       $375

[$375+$14-$333]

                                                         Bad debt expense        $14

                                                         Ending balance             $333

                               Accounts Receivable (Gross)

Beginning balance           $13,389   Accounts written off     $56

[$13014+$375]

Net sales revenue            $69,943   Cash collected             $67,956

                                                            [$13389+$69943-$56-$15320]

Ending balance                 $15,320

[$14987+$333]

3 0
3 years ago
When you choose, you are never accountable for the resources used and paths selected?
labwork [276]
If the question is trying to ask whether it is true or false, the answer is false. It is because whatever you chose or the decisions you make, there is always a cause, or things affecting your decision in which you will be held accountable for such as the statement above implies, you are accountable of resources and such when you choose.
7 0
4 years ago
Toby was elected to the board of trustees of the Chi-Town Corporation (CTC) four years ago. He loves to brag about his position
aleksandrvk [35]

Answer:

As a cause of the actions carried out by Toby, he is considered to have done a negligent job due to his lack of commitment to his work and has breached his obligations as a care fiduciary.

Explanation:

When talking about the fiduciary duty, it refers to the person who has been designated as responsible for the clients' resources. The fiduciary has the legal power to act on behalf of his client, but he must execute the actions where his client is not affected.

When a fiduciary fails to comply with the duty of his obligations, it can lead to the payment of various fines for the damages caused to his clients and be removed from his position as a fiduciary.

I hope this information can help you.

3 0
3 years ago
Read 2 more answers
Other questions:
  • If 150 million workers produced America’s GDP in 2013, according to the "World View" above, how much output did the average work
    12·1 answer
  • What is a demand schedule?
    10·2 answers
  • What factors are encouraging financial institutions to offer overlapping financial services such as banking, investment banking,
    12·1 answer
  • Collecting the principal on a loan to another company would be reported on the investing activities section of the statement of
    6·1 answer
  • You observe the following term structure: Effective Annual YTM 1-year zero-coupon bond 5.2 % 2-year zero-coupon bond 5.3 3-year
    9·1 answer
  • When purchases of merchandise are made on account with a perpetual inventory system, the transaction is recorded with which entr
    8·1 answer
  • There are two methods to determine the Golden Rule capital level, looking at steady-state: Please choose the correct answer from
    12·1 answer
  • A company handbook states that employees will be given warnings for three instances of arriving late for work, after which they
    11·1 answer
  • In a planned economy, prices of commodities are controlled by _________.
    14·1 answer
  • Easy question 20 points……..
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!