All categories

3 years ago

In which type of economy does the government decide all or most economic questions?

2 answers:

8 0

The command economy is an economic system where the government, rather than the free market, determines which goods to produced. The government also should set how the products should be produced and prices. Examples of countries having this kind of economy are Cuba and North Korea.

Elan Coil [88]3 years ago

5 0

A. Command hope it helped

You might be interested in

LanWan Software earned net sales revenue of $62,000,000 in 2016. Cost of goods sold was $41,540,000, and net income reached $9,

blagie [28]

Answer:

33%

Explanation:

Given that,

Net sales revenue = $62,000,000

Cost of goods sold = $41,540,000

Net income reached the company's highest ever = $9,000,000

Gross profit:

= Net sales revenue - Cost of goods sold

= $62,000,000 - $41,540,000

= $20,460,000

Therefore, the gross profit percentage is calculated by dividing the gross profit by the net sales.

Gross profit percentage for 2016:

= (Gross profit ÷ Net sales) × 100

= ($20,460,000 ÷ $62,000,000) × 100

= 0.33 × 100

= 33%

4 0

4 years ago

The planned elimination of many workers in order to enhance the organization's competitiveness is known as _____ and is often th

Romashka-Z-Leto [24]

Hello !

Answer:

The planned elimination of many workers in order to enhance the organization's competitiveness is known as <u>downsizing</u> and is often the result of a firm wanting to reduce its costs or because technology has replaced its need for labor.

3 0

2 years ago

Hal currently works as the fry guy at Burger Haven but is thinking of quitting his job to attend college full time next semester

Mkey [24]

Answer:

Option (d) is correct.

Explanation:

The opportunity cost refers to the cost of selecting some other alternative over other. It is the value of activity or the satisfaction obtained from the good foregone to choose other alternative.

In our case, if Hal decided to go to college then he have to left his job where he earned some money income.

Therefore, the opportunity cost of attending college is the money income that Hal lose as he could have earned that income.

6 0

3 years ago

The difference between a budget and a standard is that:_________.

8090 [49]

Answer:

The answer is A. Standards refer to a company's projected revenues, costs, or expenses

Explanation:

The explanation is the following:

A budget refers to a department's or a company's projected revenues, costs, or expenses, while on the other hand A standard usually refers to a projected amount per unit of product, per unit of input (such as direct materials, factory overhead), or per unit of output.

Standard costing is intensive in application as it calls for detailed analysis of variances.

In standard costing, variances are usually revealed through accounts.

Standard costs represent realistic yardsticks and are, therefore, more useful for controlling and reducing costs.

8 0

4 years ago

Read 2 more answers

A seller or manufacturer has significant legal responsibility to buyers and users of goods and services, as well as to third par

Paladinen [302]

A. True

it’s right i know

3 0

3 years ago