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ololo11 [35]
2 years ago
11

Which of the following statements regarding GDP is correct?

Business
1 answer:
nirvana33 [79]2 years ago
3 0

Answer:

Correct option is (a)

Explanation:

GDP or Gross domestic product includes monetary value of all goods and services produced within a country. It includes all private and public investments and exports less taxes and imports.

Option b, c and d are incorrect as GDP accounts for only domestic production and not foreign activities. Details about how income is distributed is not given by GDP. GDP provides details about economic condition of the nation. GDP does not indicate wholesome well being of the nation like human development, infant mortality and standard of living.

GDP accounts for factory production but does not account for any production carried out at the cost of environmental degradation.

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Define the following:<br> 1. Allocation of resources<br> 2. Economic system<br> 3. Market economy
denis-greek [22]
  1. Allocation of resources is the assignment of available resources to various uses.
  2. Economic system is a system of production, resource allocation and distribution of goods and services within a society or a given geographic area.
  3. Market economy is an economic system where supply and demand, direct the production of goods and services.
8 0
2 years ago
Read 2 more answers
A ______ establishes a company's financial and strategic objectives, and provides a set of guidelines for achieving the desired
inysia [295]

Answer:

strategic plan

Explanation:

In Business management, a strategy can be defined as a set of guiding principles, actions and decisions that an organization combines so as to achieve its business goals, attract customers and possess a competitive advantage over its rivals in the industry.

Typically, to formulate strategies that are well aligned with the mission of an organization or business firm, some of the activities that needs to be performed includes the following;

1. Knowing your core competencies: this involves identifying your strengths such as knowledge, technology, underlying skill, experience, ability or process that enables you to perform exceptionally and provide a unique set of products or services that meets the needs of your customers.

2. Assessment of the organization's internal strengths and weaknesses: it gives an organization certain advantages, edge and disadvantages in meeting the needs of various customers by analyzing their strengths, weaknesses, opportunities and threats (SWOT).

3. Examination of the organization's external environment: this involves examining and identifying all the factors outside of an organization that affects its performance such as customers, government policies, competitors etc.

4. Analyze your competitors: organization should ensure they are always a step ahead of the their competitors in the industry.

In conclusion, a business strategy or strategic plan sets the overall direction for an organization or business because it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan.

8 0
2 years ago
Being a meetings and events planner was named the _____ most stressful job in 2012? fifth sixteenth seventh sixth
Irina-Kira [14]
According to a 2012 Forbes article, CareerCast released a list of the most stressful jobs. "Event coordinator" was listed as the 6th most stressful job.

The answer is sixth. 
7 0
3 years ago
The Water Sports Company soon will be producing and marketing a new model line of motor boats. The production manager, Michael J
Licemer1 [7]

Answer:

Explanation:

X - number of units sold

Total cost for production = 1,500,000 + 1600X

Total cost for purchasing = 2000X

a.  For 4000 units sold

Total cost for production = 1,500,000 + 1600 * 4000 = $7,900,000

Total cost for purchasing = 2000* 4000 =  $8,000,000

In this case producing is cheaper. Therefore, it is better to produce

b. Y - break-even point

Then :  1,500,000 + 1600 * Y = 2000* Y

So 1,500,000 = 400 Y

Y = 3750

At №of units less than 3750 purchasing will be the better option

And above 3750 producing will be the better option

4 0
3 years ago
The most recent financial statements for Schenkel Co. are shown here: Income Statement Balance Sheet Sales $ 14,500 Current asse
Katena32 [7]

Answer:

0.1046 or 10.46%

Explanation:

The computation of the sustainable growth rate is shown below:

The Sustainable growth rate of the firm is

= Return on Equity × ( 1 - Dividend Payout Ratio )

where,

Dividend Payout Ratio = 30%

And,

Return on equity is

= Net Income ÷ Shareholder 's equity

= $3660 ÷ $ 24,500

= 0.14938

So,  

Sustainable growth rate is

= 0.14938 × (1 - 30%)

= 0.1046 or 10.46%

8 0
3 years ago
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