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Goryan [66]
3 years ago
15

Economic growth is an increase in a nation’s output of goods and services over time. True or False

Business
1 answer:
ICE Princess25 [194]3 years ago
5 0

Answer:

The statement is: True.

Explanation:

Economic growth happens when an economy's market value of goods and services rises in one period compared with another. Economic growth is typically measured by looking into an economy's Gross Domestic Product (GDP). Nonetheless, due to inflation, economists and analysts frequently tend to calculate economic growth through the annual percentage change in real GDP and percentage change in per capita GDP per year.

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What is the difference between a hands-off manager and a hands-on manager?
xeze [42]

Answer:

In general, a hands-on manager spends more time interacting directly with employees and working on tasks. This contrasts with a manager who has a more hands-off approach and spends a lot of time in his office making decisions and delegating tasks

Explanation:

7 0
3 years ago
Read 2 more answers
Pluralistic ignorance efffect. How to apply in business administration? Give example
MrRa [10]
Pluralistic ignorance effect is a practice in which no ones believes but everyone thinks they believes.  This is very particular to a business administration environment. I'll give you an example, 
You are the kind of person that wants cleanliness and you notice that your friend is so messy, supposed to be you will tell her about her messiness but you noticed that no one cares about her, thus you stopped yourself from speaking,
3 0
3 years ago
Franklin Corporation bought equipment on January 1st, 2022 .The equipment cost $150,000 and had an expected salvage value of $30
Dima020 [189]

Answer:

$120,000.00

Explanation:

Depreciable cost is the amount of money that can be depreciated over time from the value of an asset. It is the total book value an asset loses for being in production in its useful life. Depreciable cost is important is calculating the annual depreciation.

Depreciable cost is a result of the cost of an asset minus its expected salvage value.

In case case: $150,000- $ 30,000

=$120,000.00

Depreciable value is $120,000

8 0
3 years ago
Aspen Company estimates its manufacturing overhead to be $515,000 and its direct labor costs to be $515,000 for year 2. Aspen wo
Step2247 [10]

Answer:

COGS    3807 debit

FG          7896 debit

WIP         2397 debit

  Factory Overhead  14,100 credit

--to record the underapplication of overhead--

Explanation:

overhead rate:

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

$515,000 overhead /  515,000 labor cost = $1

each labor cost generates a dollar of overhead.

221,400 x 1 =   221,400 overhead in COGS

459,200 x 1 = 459,200 overhead in Finished Goods

139,400 x 1 =   139,400 overhead in WIP inventory

Total applied  820,000

Actual            805,900

Underapplied    14,100

Now we weight each concept and determiante the portion underapplocated in each concept

\left[\begin{array}{cccc}Item&Value&Weight&Allocated\\COGS&221400&0.27&3807\\FG&459200&0.56&7896\\WIP&139400&0.17&2397\\&&&\\Total&820000&1&14100\\\end{array}\right]

4 0
3 years ago
A fast-food restaurant serves the student community within a university campus. The restaurant newly introduces pocket-friendly
MissTica

Answer:

These are the options for the question:

A. Segmentation

B. Cannibalization

C. Market penetration

D. Product bundling

And this is the correct answer:

B) Cannibalization

Explanation:

Cannibalization occurs when a newly introduced product reduces the market share of previous products.

In this case, the pocket-friendly combo meals have effectively made the rest of the menu unattractive to customers, it has cannibalized the other meals.

This effect is refer to as cannibalization, because as the original meaning refers to a hostile act withing the same species, in marketing, this effect occurs among products within the same company.

4 0
3 years ago
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