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
bulgar [2K]
3 years ago
11

Matt Newell, a former Air Force pilot, decides to operate a helicopter tour company to provide customers with breathtaking views

of the Rocky Mountains. He obtains a loan and purchases the necessary land, facilities, advertising, and five helicopters for his business. What important factor of production has he overlooked in creating his business? A. equipment B. capital C. labor D. entrepreneurship E. natural resources
Business
1 answer:
Keith_Richards [23]3 years ago
4 0

Answer:

Labor

Explanation:

Factor of production: There are several resources that are required in the process of production or running any business to meet the required goal of the business.

There are four factor of production:

  • Land
  • Labor
  • Capital.
  • Entrepreneurship.

In the given case, Matt Newell is an Entrepreneur as he has started a new helicopter tour company, for which he acquired land and capital from the loan, however, he has not to manage labor for his business. Labor is essential to run any business.

You might be interested in
A firm’s statement of values requires a lot of pruning. There are many acceptable values, but to be effective, the list must be
Galina-37 [17]

Answer:

Culture.

Explanation:

A firm’s statement of values requires a lot of pruning. There are many acceptable values, but to be effective, the list must be short. Executives choose the most important values. Therefore, the clue to <u>Culture</u> is in what is chosen.

Companies recruit candidates who are most likely to fit their culture. Studies have found that a good fit between a candidate's personality and the company's culture leads to better retention. Companies can also use hiring decisions and training to maintain their culture.

6 0
3 years ago
Mike Corporation uses residual income to evaluate the performance of its divisions. The company's minimum required rate of retur
Tanya [424]

Answer:

The answer is $7,900

Explanation:

Formula of Residual Income=Net Operating Income-(minimum required rate of return*average operating assets)

Residual income (RI)=$143,700-($970,000*14%)

RI=$7,900

Further we can alsocalculate

Return on investment (ROI)=$143,700/$970,000=14.81%

8 0
3 years ago
Read 2 more answers
How should Product Backlog items be chosen when multiple Scrum Teams work from the same Product Backlog
marishachu [46]

It should be noted that the product backlog item can be chosen as the scrum team with the highest velocity pulls product backlog items first.

<h3>What is product backlog?</h3>

A product backlog simply means a prioritized list of work that is gotten from the requirements available.

The product backlog item can be chosen as the scrum team with the highest velocity pulls product backlog items first.

Learn more about product backlog on:

brainly.com/question/4841869

7 0
2 years ago
If Zephyr Electronics obtains an 18 percent return on invested capital, which of the following willhelp determine if it has a co
nika2105 [10]

Answer:

A) comparing the return to the return on invested capital obtained by other firms in the industry.

Explanation:

A firm that has developed a competitive advantage over its competitors will to able to either produce the same amount of output using fewer resources, or produce higher output using the same resources than its competitors. A competitive advantage means being more efficient.

So if we want to determine if Zephyr Electronics 18% return on invested capital (ROIC) provides them a competitive advantage over its competitors, we have to compare Zephyr's ROIC with the ROIC of the rest of the major firms in the industry.

7 0
3 years ago
Felix, Inc., which has excess capacity, received a special order for 5,000 units at a price of $15 per unit. Currently, producti
scoundrel [369]

Answer:

$12,500 increase

Explanation:

The computation of the company income increased or decreased in the case of the special order accepted is shown below:

But before that we need to determine the variable cost of goods sold which is

The Variable cost of goods sold for 10,000 units is

=  Total cost of goods sold  - Fixed manufacturing cost

= $155,000 - $30,000

= $125,000

Now

Variable cost of goods sold for 5,000 units is

= $125,000 × 1 ÷ 2

= $62,500

And,

Special order size = 5,000 units

Selling price per unit in the special order = $15

So, the company income increased or decreased is

Sales (5,000 units × $15) $75,000

Less Variable cost of goods sold -$62,500

Net income $12,500

Therefore the net income is increased by $12,500 and in this,  the fixed cost is not relevant so we do not considered it

8 0
3 years ago
Other questions:
  • Suppose a country has a consumption tax that is similar to a state sales tax. If its government were to eliminate the consumptio
    5·1 answer
  • Global Blenders sells goods and services that other companies offer but does not provide any organization with the input resourc
    11·2 answers
  • I need help on Personal Finance.
    14·1 answer
  • Karen is a judge hearing the case of Local Dispatch Co. v. National Transport Corp. Applying the relevant rule of law to the fac
    13·1 answer
  • Cryan Jeep Tours operates jeep tours in the heart of the Colorado Rockies. The company bases its budgets on two measures of acti
    10·1 answer
  • What is it called when you are able to touch and feel a product?
    10·1 answer
  • Perfect elasticity and zero elasticity refer to the same event, which occurs when quantity demanded or quantity supplied change
    14·1 answer
  • A customer places an order on January 1, 2019. Fifteen days later, that order is received by the manufacturing department. Twent
    8·1 answer
  • According to the cross-price elasticity of demand, when the price of DVD players drops, the demand for DVDs is likely to
    5·1 answer
  • What kinds of action could you take when you execute your decisions in the ipde process?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!