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Romashka-Z-Leto [24]
3 years ago
13

An accurate description of privatization is that Multiple Choice it started in China in the early 1980s. it involves replacing a

state-owned monopoly with a private monopoly. it is most successful whencountries adopt communism. when newly privatized firms are protected from foreign competition, they have little incentive to restructure their operations to become more efficient. in today's context, a country runs the risk of experiencing a serious economic crisis if it liberalizes and privatizes state-owned enterprises.
Business
1 answer:
stiv31 [10]3 years ago
6 0

Answer: When newly privatized firms are protected from foreign competition, they have little incentive to restructure their operations to become more efficient.

Explanation:

Privatization of state owned companies refers to the process of making them private firms that are owned by other parties apart from the Government.

This is usually done to the improve efficiency of the company as state owned firms can be inefficient resulting from being a monopoly.

If firms that are newly privatized are protected from foreign competition, the company would just become a private monopoly so they will not have any incentive to restructure their operations to become more efficient thereby defeating the whole point of making them efficient in the first place.

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A company uses the weighted-average method for inventory costing. At the end of the period, 22,000 units were in the ending Work
ExtremeBDS [4]

Answer:

a.The ending work in process inventory is $ 146,575

Explanation:

To determine the ending work in process inventory, we need to do the following computations:

No of units in ending inventory                                    22,000 units

Material cost in ending inventory

22,000 units * 100 % (completion) * $ 2.65                     $ 58,300  

Conversion costs in ending inventory  

22,000 units * 75 % (completion) * $ 5.35                      <u> $ 88,275</u>

Total value of Ending work in process inventory        <u> $ 146,575</u>

7 0
3 years ago
An invoice, with payment terms of 6/10, n/30, was issued on april 28 for $230.00. if the payment was made on may 12, the amount
meriva

The amount of the payment on May 12 will be the full amount of $230.00

6/10 n/30 means a 6% discount <em>if </em>paid within 10 days and the net amount is due within 30 days. Since the payment was made after 10 days there would be no discount, just the full amount due.

6 0
3 years ago
Suppose there is a product that is being sold in a perfectly competitive market. If the market price of the product falls​, prod
yuradex [85]

Answer:

Decrease; Less

Explanation:

The producer surplus is the difference between the minimum price that a producer is willing to accept for a product and the price he actually receives.  

When the market price of a product falls, the producer surplus will decrease as well.  

The lower market price implies that there will be less area between the supply curve and the market price of the product.

3 0
3 years ago
The term inflation is used to describe a situation in which
photoshop1234 [79]

Answer:

The correct answer is option b.

Explanation:

Inflation refers to the continuous and sustained growth in the general price level. As the price level rises, it reduces the purchasing power or value of cash balances held by the consumers to reduce. This causes real income to decline.  

A certain level of inflation is desirable in an economy to promote growth but a high rate of inflation is harmful. Inflation can be of several types such as  

  • Demand-pull inflation
  • Cost-push inflation

There are several measures used to calculate inflation, for instance, the consumer price index. To correct inflationary pressures, a government uses contractionary fiscal and monetary policy.

6 0
3 years ago
Paint packaged in aerosol cans is dangerous because it has a risk of ___________.
12345 [234]
Exploding i’m pretty sure lol
3 0
3 years ago
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