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Jet001 [13]
3 years ago
14

Mark is an excellent cook. He does not have any formal training but learned to cook by following the recipes of several famous c

hefs and his mom. Every weekend, he invites friends over for dinner so he can try new dishes and get honest feedback from his friends. Mark wants to start his own restaurant someday because he thinks he would be successful and become wealthy. Which of Adam Smith’s ideas made Mark think of starting a restaurant?
A.) invisible hand
B.) self-interest
C.) competition
D.) laissez-faire
Business
2 answers:
Delvig [45]3 years ago
7 0
Adam Smith is known as the Father of Modern Economics and is known as the author of "The Wealth of Nations". According to the passage above, the idea of Adam Smith that made Mark think of starting a restaurant business is self-interest. The correct answer is option B. Self-interest, according to Adam Smith, is when the individual owns the resources available, labor and capital, can make voluntary decisions to control the marketplace. This is the biggest motivator in the activity in the economy.
stealth61 [152]3 years ago
6 0

Answer:

b

Explanation:

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3 years ago
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The Balance sheet of Mister Ribs Restaurant reports current assets of $30,000 and current liabilities of $15,000.a. Calculate th
Pani-rosa [81]

Answer:

<u>Current Ratio = 2; Yes</u>

Explanation:

First, to solve for current ratio, simply divide the current assets by the current liabilities.

So the current ratio would be $30,000 / $15,000 resulting to <em><u>2</u></em>

Now, a current ratio greater than one means that <u>Mister Ribs will be able to pay its current liabilities as they come due in the next year.</u>

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4 0
3 years ago
A market gap is which of the following?
nlexa [21]

Answer:

b

Explanation:

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5 0
4 years ago
The management team at Imagine Advertising is trying to land a new client. Carla, the CEO, has set targets for how much the cont
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Answer:

B) leading

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Leading is a function of management which involves using influence to motivate employees and clients to achieve organisational and client goals respectively. Dominic and Stella possess the leading function due to their ability to influence the clients on how Imagine Advertising will help the clients achieve their goals.

5 0
3 years ago
Using the percentage of receivables method for recording bad debts expense, estimated uncollectible accounts are $25,000. If the
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Answer:

c. $33,000

Explanation:

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