No formal steps are necessary to create a sole proprietorship. True or false?

All of the following are conducive to economic growth except

zysi [14]

Answer:

B. an unfavorable balance of trade and payments

Explanation:

The BOP or the balance of trade is defined as the net gains or net exports that make the balance of payments and is said to be favorable when the country export more and imports less and is a positive change.

It is said to be negative when the country imports more and exports less thus unfavorable in terms of the trade and payments.

<u>Hence it means that the country has a deficit and this can impact the services and is not good for the economic growth perspective.</u>

6 0

3 years ago

Prior to the early twentieth century, a worker who was injured on the job could collect damages only by suing his employer. To

soldi70 [24.7K]

Answer:

Wages would fall due to an increase in labor costs.

When the workers compensation laws were not there, the employers only had to worry about one labor cost, that of paying their employees. With the introduction of worker's compensation, they then had to get insurance for their employees as well.

This led to an increase in the costs of labor which meant an increase in production costs and a decrease in profitability. To compensate for this, the employers cut wages in order to be able to pay for both the insurance and wages and still pay the same general amounts they were paying as wages such that their production costs don't rise significantly.

3 0

3 years ago

A simple, direct space heating system is currently being used in a professional medical office complex. An upgraded "variable ai

Ivan

Answer:

Since the present worth (PW) is $56,459.65 and positive, the new system should be purchased.

Explanation:

C = Cost of the upgraded "variable air-volume system" retrofit = $200,000

S = Residual value of the system = $20,000

n = Estimated life of the upgraded "variable air-volume system" retrofit = 8

r = cost of capital per year = 12%, or 0.12

P = Amount of power savings per year = Number of kilo-Watt hours per year * Cost of electricity per kilo-Watt hour = 500,000 * $0.10 = $50,000

Using the formula for calculating the present value (PV) or ordinary annuity, the PV of P can be calculated:

PV of P = P * ((1- (1/(1 + r))^n) / r) = $50,000 * ((1- (1/(1 + 0.12))^8) / 0.12) = $248,381.99

The PV of the residual value (PV of S) can be calculated as follows:

PV of S = S / (1 + r)^n = $20,000 / (1 + 0.12)^8 = $8,077.66

The present worth (PW) can now be calculated as follows:

PW = PV of P + PV of S - C = $248,381.99 + $8,077.66 - $200,000 = $56,459.65

Since the present worth (PW) is $56,459.65 and positive, the new system should be purchased.

4 0

3 years ago

Which one of the following statements on the remuneration of the factors of production is true?

nordsb [41]

Answer: The remuneration for natural resources is rent, as natural resources consist of all gifts of nature

Explanation:

Factors of production consists of the resources that are used to production to take place. They include land, labor, capital and the enterprise.

The remuneration for natural resources is rent, as natural resources consist of all gifts of nature.

The remuneration for labor is wages and salaries. The remuneration for capital is interest while the remuneration for entrepreneur is profit.

6 0

3 years ago

The original use of the internet was to conduct business between corporations and its customers.

SIZIF [17.4K]

Your Answer is A. True

3 0

3 years ago

Read 2 more answers