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mafiozo [28]
3 years ago
11

Which of the following questions must be asked about the use of resources

Business
1 answer:
amid [387]3 years ago
7 0

Answer:

B. What is the most effective allocation?

Explanation:

Economics is the social study of how society allocates its limited resources to meet the unlimited need of its members. It involves the distribution of scarce resources to various sections of the community to meet different wants. Economist's primary concern is the efficient use of the available resources to achieve maximum benefits.

Economics will involve making decisions on the use of available resources. Economists will calculate the opportunity cost in every situation before making a decision. The purpose of finding the opportunity costs to determine the most effective ways of allocating resources.

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Does anyone know how to complete the "your checking account" packet? its for an Econ Ed class.
Elena-2011 [213]
Do you have a picture of it?
3 0
3 years ago
Paula inherits a home on July 1, 2019 that had a basis in the hands of the decedent at death of $290,000 and a fair market value
Airida [17]

Answer:

her recognized gain on the sale of her old principal residence is $193,000 and her basis in the inherited home is $600,000.

Explanation:

Recognized gain on sale of old house

= ($600,000 - $125000) - $30,000 - $2000

= $443,000

Paula's recognized gain = $443,000 - $250,000

                                         = $193,000

Her basis in the inherited home = $500,000 + $100,000

                                                      = $600,000

Therefore, her recognized gain on the sale of her old principal residence is $193,000 and her basis in the inherited home is $600,000.

4 0
3 years ago
Leaf] Leaf, an employee of the California Department of Forestry, insisted on signing inter-office memoranda with his name and t
dusya [7]

Answer: If it has a secular legal purpose, has a primary effect of neither advancing nor inhibiting religion, and does not foster an excessive government entanglement with religion

Explanation:

The Establishment clause prevent the Congress from having a state religion or honig preference to one religion above another one.

The circumstances that a state law would be permissible under the establishment clause include if it has a secular legal purpose, has a primary effect of neither advancing nor inhibiting religion, and does not foster an excessive government entanglement with religion.

5 0
3 years ago
A small Canadian firm that has developed some valuable new medical products using its unique biotechnology know-how is trying to
den301095 [7]

Answer:

Part a. Manufacturing the goods at home and let overseas sales managers handle the marketing.

Advantages  

  1. Can have a full authority in production activities.
  2. It is easy to set up a strategy and multiply the manufacturing.
  3. Having better regulator over human resources.
  4. The foreign sales agents will enhanced the understanding of European marketplaces.
  5. It lower the exit costs if product fails.

Disadvantages

  1. Having lack of information in European pharmaceutical procedures.
  2. The foreign agents may damage the brand name if not prudently handled.
  3. Additional costs in delivery of the products.

Part b. Manufacture the products at home and set up a wholly owned subsidiary in Europe to handle marketing.

Advantages

  1. Having full control in manufacturing activities.
  2. It is easy to set up a strategy and multiply the manufacturing.  
  3. Having better regulator over human resources.
  4. The brand name will not be damaged since the marketing is controlled by the same company

Disadvantages

  1. Utilization of extra resources to be consumed on marketing
  2. Having lack of information in European pharmaceutical procedures.
  3. Additional costs in delivery of the products  
  4. Having lack of information in European pharmaceutical procedures  

Part c. Enter into a strategic alliance with a large European pharmaceutical firm. The product would be manufactured in Europe by the 50/50 joint venture and marketed by the European firm

Advantages

  1. The risk is distributed among the firms.
  2. No additional delivery cost included.
  3. Knowledge of European organization will be valuable in
  4. understanding guidelines and advertising in European markets.

Disadvantages

  1. Having less control in manufacturing activities  
  2. Shared of the profit among the partners.
  3. Moderate level of exit cost is included.
  4. Additional firm may harm the brand image.

7 0
3 years ago
The balance in Allowance for Doubtful Accounts will directly impact the end-of-period adjustment for bad debt expense when using
sergiy2304 [10]

Answer:

<u>C</u>

Explanation:

Because in the aging method, you firstly calculate the aging of the items. And then, in the end of the period, you build the Allowance for Doubtful Accounts estimating the collections that are hard to get the amount of money.

8 0
3 years ago
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