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3 years ago

define free market system and identify and describe at least three of its major concepts or attributes

1 answer:

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Free market economies allocate resources through demand and supply with minimal government intervention.

private ownership- all factors of production within the economy are owned mainly by private individuals and organizations.

Free enterprise- owners of factors of production and producers of a goods and services a free to produce what they want through the market forces of demand and supply.

Competition- Companies have a competitive drive, thus better quality goods and more variety of products which are at lower prices. (more productively efficient )

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At Rolce Technologies, the core design team of 10 employees has daily "stand-up" meetings. All the core design team members gath

4vir4ik [10]

Answer: rituals

Explanation: Rites and rituals, which also include habits and ceremonies, together shape the culture of an organization. A ritual is a series of activities that involve actions, words and things, performed in a locked away position and executed in a fixed sequence.

For example, an employee can eat lunch in the shared lunchroom rather than their desk as a form of habit, or spend five minutes after each meeting debriefing the team about what they learned.

Hence from the above we can conclude that the correct option is D.

8 0

3 years ago

"the interests of one person should never take precedence over what is best for the company as a whole" is an explanation of whi

Monica [59]

That is an explanation of which of fayol's principles of management: Subordination of Individual Interest
According to this principle, all the employees must put the company's priority over another, including conflict inside the working environment or personal conflicts outside the working environment

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3 years ago

Suppose that TapDance, Inc.’s, capital structure features 65 percent equity, 35 percent debt, and that its before-tax cost of de

stealth61 [152]

Answer:

WACC 8.53600%

Explanation:

$WACC = K_e(\frac{E}{E+D}) + K_d(1-t)(\frac{D}{E+D})$

The Weighted average cost of capita lconsiders the weight of the equity times the cost of it.

And the wight of the dbet times the cost of financing after the tax shield.

Ke 0.11000

Equity weight 0.65

Kd 0.06

Debt Weight 0.35

t 0.34

$WACC = 0.11(0.65) + 0.06(1-0.34)(0.35)$

WACC 8.53600%

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3 years ago

Cecil has a credit card that uses the adjusted balance method. For the first 10 days of one of his 30-day billing cycles, his ba

Stels [109]

Answer:

To calculate the amount of interest that Cecil was charged we can use the following formula:

interest charged = (APR / 365) x 30 days x adjusted balance

where:

Adjusted balance = previous balance – current payments = $340 - $150 = $190

interest charged = (19% / 365) x 30 x $190 = $2.97

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3 years ago

Xinghong company is considering replacing one pf its manufacturing machines. The machine has a book value of $44000 and a remain

Artist 52 [7]

Answer:

1. Decrease in Net Income of -$8,500

2. Increase in Net Income of $50,500

3. Replace the old machine with Alternative B

Explanation:

Alternative A

Cost to Buy New Machine -$117,000

Cash received to trade in old machine $54,000

Reduction in Variable Manufacturing Costs (($33,600*5 years ) - (22,700*5 years )) $54,500

Total change in Net Income -$8,500

Alternative B

Cost to Buy New Machine -$118,000

Cash received to trade in old machine $54,000

Reduction in Variable Manufacturing Costs (($33,600*5years ) - (10,700*5 years )) $114,500

Total change in Net Income $50,500

3. Replacing the old machine with alternative B will result in an increased income of $50,500 so it is a good option.

5 0

3 years ago