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Mumz [18]
3 years ago
13

One of the three basic questions an economy has to face iswhere goods and services will be produced. True or False: Under market

organization, individuals can communicate their preferences to other decision makers directly, through communication, but not indirectly, through their choice of whom to transact with.
A. True
B. False
Business
1 answer:
Sauron [17]3 years ago
5 0

Answer:

False

False

Explanation:

The basic questions which an economy must provide answers to are: what to produce, for whom to produce,  and how to produce.

Where to produce is not one of the economic problems of an economy.

In market organization, individuals preferences is given expression through their actions in the market place, they do not communicate their preferences to other decision makers directly, rather, they act through the price system, that is the market forces also known as price mechanism.

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A partner can be held liable for a partnership obligation only if he or she participated in, or knew about, whatever it was that
Tju [1.3M]

A partner <u>cannot</u> be held liable for a partnership obligation only if he or she participated in, or knew about, whatever it was that gave rise to the obligation.

<h3>What is partnership?</h3>

Partnership arrangements come in many different forms. One type of business where partners may have minimal liability is a partnership where all participants share profits and liabilities equally. Additionally, there is the so-called "silent partner," when one party does not participate in the day-to-day management of the company.

  • An agreement between two or more people to manage a business' operations and divide its assets and liabilities is known as a partnership.
  • All partners in a general partnership corporation split the company's assets and debts equally.
  • Lawyers and other professionals frequently create limited liability partnerships.

A partnership may have tax advantages over a corporation.

To learn more about partnership from the given link:

brainly.com/question/22848646

#SPJ4

8 0
2 years ago
Firms typically repurchase office supplies (paper, ink cartridges, pens, etc.) through straight rebuys on their supplier's websi
Akimi4 [234]

Answer: The options are given below:

A. Yes; the sales rep might learn about a new opportunity in the need recognition stage.

B. Yes; history has shown that online reordering can't be trusted.

C. Yes; straight rebuys require a lot of the sales rep's assistance.

D. No; this is a waste of time since straight rebuys are straightforward and easy to handle.

E. No; the sales rep should be looking for new customers instead.

The correct option is A. Yes; the sales rep might learn about a new opportunity in the need recognition stage.

Explanation: Maintaining a strong relationship with customers is very vital to a business. This is because a sales rep will get current, up-to-date, and firsthand information from customers about their changing needs and this will better equip the sales rep to meet the dynamic needs of customers promptly.

For instance, a customer might decide to increase the quantity of inks to be bought, this need recognition opportunity can only be known to the sales rep if the sales rep has always been in touch with the customer.

7 0
3 years ago
Present an example where data mining is crucial to the success of a business. What data mining functions does this business need
Kitty [74]

Answer:

Data mining refers to the ability of an organization to extract relevant information for a large reservoir of data that belong to its users for the purpose of increasing service/product efficiency.

One example of a company that requires data mining for the success of its business is Amazon. Amazon is categorized by many as an online retail giant. Their Customer-Centric approach to doing business is enhanced by their ability to leverage off historical data to reduce the time spent on resolving customer queries and/or complaints.

Generally, there are four basic data mining functions. They are:

  • Prediction Function: This function allows for the owner to spot patterns in behavior and use this as a yardstick to predict for forecast other variables that will enable the increment in the quality of value offered/delivered.
  • Function Description: This functionality highlights attributes of a set of data in the database
  • Classification Function: This is very close to Function Description only that in this case, it helps in the creation of a model that describes the class or concept of data.  
  • Association Function: This functionality highlights the relationship between data  

The above functions cannot be carried out by data query processing or simple statistical analysis because data mining involves the identification of patterns and relationships using algorithms whilst data query refers to the issuance of instructions in search of specific results.

Cheers

7 0
3 years ago
leaders in the industrialized world see booming populations in the least industrialized nations as a threat to: a= the continued
docker41 [41]
The right answer for the question that is being asked and shown above is that: "a= the continued expansion of their own nations." Leaders in the industrialized world see booming populations in the least industrialized nations as a threat to the continued expansion of their own <span>nations</span>
8 0
3 years ago
Read 2 more answers
If customer 2 has a service time of 1.6, and if customer 3 has an interarrival time of 1.1 and a service time of 2.3, when will
Ivan
Your answer should be: "There is not enough information to answer." Hope I helped! :)
3 0
3 years ago
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