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What are the factors of production in business? Land, labor, and capital land, capital, and interest land, labor, and customer b

kozerog [31]

Answer:

 Land, labor, and capital

Explanation:

The factors of production are the resources that are used to produce goods and services.

By definition resources are scarce.

Land includes everything that comes from the land, that can be used as raw material to produce other materials; for instance, water, minerals, wood.

Labor is the work done by anybody, not just at a factory but at any enterpise that produce a good or a service. For instance, the work done by a person in a bank or a restaurant.

Capital is the facilites (buildings), machinery, equipments, tools that the persons use to produce goods or services. For instance, a computer, a chemical reactor, or a pencil.

Nowadays, also entrepreneurship is included as a factor of production, since it is the innovative skill of the entrepeneurs to combine land, labor and capital what permit the production of good and services.

6 0

4 years ago

Read 2 more answers

Scenario* The organization is a regional XYZ Credit Union/Bank that has multiple branches and locations throughout the region.*

fiasKO [112]

Answer:

1) For preparation of plan :

It is to gather the team and creating the timeline. Gathering the inputs for the plan and confirming the mission and vision then launching the strategy.

2) A mission would describe about the company and the specification of the company

A vision is the long term or future state of the organization to achieve in a time frame.

Both would include the OAS statements and strategic shifts.

3) The OAS and strategic shift would help to create a balanced score card that would help for data gathering and analysis

This would include the financial, customers goal, Process goals, people's goals etc.

4) To create and develop the plan's framework:

To set the objective for high level organizational goals

To measure the and accomplish the objectives

To take initiatives to achieve the objectives

Explanation:

8 0

3 years ago

Motor oil is responsible for

Lelechka [254]

Answer:

lubricating all moving parts in the engine

Explanation:

like the pistons, pushrods, and the crank

5 0

3 years ago

Steam at 20 bars is in the saturated vapor state (call this state 1) and contained in a pistoncylinderdevice with a volume of 0.

saul85 [17]

Answer:

Explanation:

Given that:

At state 1:

Pressure P₁ = 20 bar

Volume V₁ = 0.03 $\mathbf{m^{3}}$

From the tables at saturated vapour;

Temperature T₁ = 212.4⁰ C ; $v_1 = vg_1$ = 0.0996 $\mathbf{m^{3}}$ / kg

The mass inside the cylinder is m = 0.3 kg, which is constant.

The specific internal energy u₁ = ug₁ = 2599.2 kJ/kg

At state 2:

Temperature T₂ = 200⁰ C

Since the 1 - 2 occurs in an isochoric process v₂ = v₁ = 0.099 $\mathbf{m^{3}}$ / kg

From temperature T₂ = 200⁰ C

$v_f_2 = 0.0016 \ m^3/kg$

$vg_2 = 0.127 \ m^3/kg$

Since $vf_2 < v_2$ , the saturated pressure at state 2 i.e. P₂ = 15.5 bar

Mixture quality $x_2 = \dfrac{v_2-vf_2}{vg_2 -vf_2}$

$x_2 = \dfrac{(0.099-0.0016)m^3/kg}{(0.127 -0.0016) m^3/kg}$

$x_2 = \dfrac{(0.0974)m^3/kg}{(0.1254) m^3/kg}$

$\mathsf{x_2 =0.78}$

At temperature T₂, the specific internal energy $u_f_2 = 850.6 \ kJ/kg$ , also $ug_2 = 2594.3 \ kJ/kg$

Thus,

$u_2 = uf_2 + x_2 (ug_2 -uf_2)$

$u_2 =850.6 +0.78 (2594.3 -850.6)$

$u_2 =850.6 +1360.086$

$u_2 =2210.686 \ kJ/kg$

At state 3:

Temperature $T_3=T_2 = 200 ^0 C ,$

$V_3 = 2V_1 = 0.06 \ m^3$

Specific volume $v_3 = 0.2 \ m^3/kg$

Thus; $vg_3 =vg_2 = 0.127 \ m^3/kg$ ,

SInce $v_3 > vg_3$ , therefore, the phase is in a superheated vapour state.

From the tables of superheated vapour tables; at $v_3 = 0.2 \ m^3/kg$ and T₃ = 200⁰ C

The pressure = 10 bar and v =0.206 $\ m^3/kg$

The specific internal energy $u_3$ at the pressure of 10 bar = 2622.3 kJ/kg

The changes in the specific internal energy is:

$u_2-u_1$

= (2210.686 - 2599.2) kJ/kg

= -388.514 kJ/kg

≅ - 389 kJ/kg

$u_3-u_2$

= (2622.3 - 2210.686) kJ/kg

= 411.614 kJ/kg

≅ 410 kJ/kg

We can see the correct sketches of the T-v plot showing the diagrammatic expression in the image attached below.

3 0

3 years ago

Martha has been running a small business for two years. She now seeks additional investment to finance her business. She has fou

Dafna11 [192]

Answer:

The correct option is B) Balance Sheet

Explanation:

A Balance Sheet offers a description of a company's obligations, assets, and investments as well as net income over a given span of time such as a period of 6 months or 12 months, for instance.

Also known as the Statement of Financial Position, it contains sufficient information for investors and business owners to determine the company's financial performance in that period as well as to compare the performance of that company with industry norms or competition.

Cheers

8 0

3 years ago