1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
DiKsa [7]
3 years ago
12

U.S. businesses are known for their technological advances and their ability to implement change true false

Business
1 answer:
Andrej [43]3 years ago
7 0

Answer:

U.S. businesses are known for their technological advances and their ability to implement change;

True

Explanation:

The united States can be described as the pioneer in the free market economy. The free market economy generally means that private businesses control how the market behave with little interference from the government. This allows market forces of supply and demand to take precedence in deciding market prices of goods and services. For example, when the demand for a certain good or service exceeds the supply, the price of that particular good will rise. On the other hand, when the demand for a particular good or service is lower than the supply, the price of the good or service drops. The equilibrium price is the price where the forces of demand and supply balance.

The free market system relies majorly on competition between businesses. Economist like Adam Smith postulated that if a free market runs it's course without interference, the equilibrium price will be ultimately reached. Since in a free market there is a lot of competition, most businesses will have an incentive to improve their technology and also adapt to change faster to gain competitive advantage over it's peers.

You might be interested in
holton is the manager at a small restaurant. What can he do to ensure the workplace offers a safe environment for employees?
Bogdan [553]
A safe environment includes the safety of workers doing there jobs and could be to protect them if something bad occurred. In a restaurant, have a first aid kit, have an eyelash station if chemicals are used to clean, have a list of all important phone numbers available, depending on the neighborhood; a panic button to alert police, a system to ensure employees are safe in the parking lot; to and from work, have the workers in the kitchen wear non slip shoes, tie hair back, there are so many things that need to be considered.
5 0
3 years ago
Read 2 more answers
In this type of economy, the price consumers pay for goods and services is set by the government.
tatiyna
It is a controlled economy 
7 0
3 years ago
The area of accountancy that is focused on arranging company financial information to give to managers to make decisions is
Alina [70]

Answer: Managerial Accounting or Management Accounting.

Managerial Accounting helps managers to use the data in the financial statements in order to take decisions. These decisions help them in managing the company's operations and aid in keeping control of matters under their purview.

Managerial Accounting includes any topics from cost accounting. It helps managers to make internal plans, execute them and also see if the plans have been accurate.

4 0
3 years ago
Managers should avoid satisficing in the ____ stage of the managerial decision-making process.
kap26 [50]

The answer is selecting an alternative. It is because it is not always satisfying or a guarantee of using an alternative in the stage of managerial decision making process because sometimes it won’t suit or will be helpful in solving the problem.

7 0
3 years ago
In the past year, TVG had revenues of $3 million, cost of goods sold of $2.5 million, and depreciation expense of $200,000. The
beks73 [17]

Answer:

TVG

Times Interest Earned Ratio (TIER) = Earnings Before Interest & Taxes divided by Interest Expense

= $300,000/$$80,000 = 3.75 times

Explanation:

a) TVG Income Statement:

Revenue                $3,000,000

Cost of goods sold 2,500,000

Gross profit             $500,000

Depreciation             200,000

EBIT                        $300,000

Interest Expense       80,000

Pre-tax Income     $220,000

b) TVG's TIER shows the number of times that its earnings before interest and taxes covers the interest expense.  It shows the ability of the TVG to settle its maturing debt obligations from current earnings.  It is an important financial performance measure which potential investors in TVG will use to gauge the ability of TVG to meet financial obligations from the earnings it generates.

5 0
3 years ago
Other questions:
  • If the interest is compounded semiannually, look up on the chart half the rate and twice the years. If the interest is compounde
    9·1 answer
  • The money supply, m, is the total value of all the cash and checking account balances in an economy. it is determined by the val
    5·1 answer
  • If retention is so much more profitable than acquisition, why have companies persisted for so long in spending more on getting n
    6·1 answer
  • Shane's Catering began with cash of $10,000. Shane then bought supplies for $2,300 on account. Separately, Shane paid $7,500 for
    7·1 answer
  • When a customer purchases a product but is not yet ready for delivery, this is referred to as?
    12·1 answer
  • When Ira purchased 500 shares of prefeHallie owns 20% of the common stock of the Bean Brothers Coffee Company. The company annou
    14·1 answer
  • You just obtained a loan of $16,700 with monthly payments for four years at 6.35 percent interest, compounded monthly. What is t
    11·1 answer
  • Explain one recognised technique used by innovations to protect the intellectual property (IP) of their ideas.
    9·1 answer
  • Which scenario would best be resolved using precedent cell tracers?
    6·2 answers
  • why do students need to study information technology? group of answer choices information technology is everywhere in business i
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!