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
scZoUnD [109]
2 years ago
5

Why is efficiency and innovation important to a society

Business
1 answer:
Mrrafil [7]2 years ago
8 0

Efficiency and innovation is important to a society because they are key components to bringing income into their economy and creating jobs for those within it. Being efficient means to use your resources wisely and get through work at a good pace. Being efficient doens't mean you need to rush through anything, just use your time and resources as best as you can. Innovation is important because it creates new ideas for consumers and producers to make and sell within an economy. When a new invention comes about, that gives opportunities for growth and expansion of a company or a new or old.

You might be interested in
Doing the right task is known in management as what
Tems11 [23]

Answer:

Doing the right task is known in management as performance.

Explanation:

Management ensures that the right tasks are performed by coordinating the various activities that help it to achieve goals.  It also plans the right tasks to be carried out in order to achieve set goals and objectives.  In doing all these, it also considers the cost and benefit to be incurred and derived respectively from executing its responsibilities.  Management is always interested in minimizing costs while maximizing benefits.  Management is also concerned with efficiency, by which it minimizes the wastage of resources (such as time, money, and efforts) and ensures optimum utilization of all its resources.

3 0
2 years ago
The number of defects after a hotel room cleaning (sheets not straight, smears on a mirror, missed debris on the carpet, etc) sh
boyakko [2]

Answer:

The correct answer is d. c-chart.

Explanation:

C-charts are used to control the number of defects in a sample of the product or inspection unit. Then, to control this process, an inspector is placed at the end of the production line and every hour removes an inspection unit (in this case a cell phone), verifies and records the total number of defects.

6 0
2 years ago
On November 1, 2019, a firm accepted a 5-month, 10 percent note for $1,080 from a customer with an overdue balance. The accrued
stiks02 [169]

Answer: $18

Explanation:

From the question, we are informed that On November 1, 2019, a firm accepted a 5-month, 10 percent note for $1,080 from a customer with an overdue balance.

The accrued interest recorded for this note for the year ended December 31, 2019 goes thus:

The value of notes receivable is $1080, then the interest for 5 months will be:

= ($1080 × 10% ×5)/100 × 12

= $54000/1200

= $45

We are further told that the interest accrued from November 1, 2019 to December 31, 2019. This means that it was for 2 months. The accrued interest will now be:

= $45 × 2/5

= $90/5

= $18

3 0
3 years ago
The Meduri fruit company is using the brand asset valuator tool from Young & Rubicam. Meduri has surveyed a wide segment of
Vaselesa [24]

The correct answer to this open question is the following.

Although there are no options attached, we can comment on the following,

The dimensions of the company that are being used to arrive at that conclusion are the dimension of Marketing and the dimension of Strategy. The other two dimensions, Operations and Finances, are important two but are not really considered in the statement.

So it is positive that the Meduri fruit company is using a form of evaluation to find its place in the market and discover new opportunities that are being missed by some "corporative blindness." The brand asset valuator tool from Young & Rubicam is a recommended tool to find new things about your brand and see future possibilities, opportunities, and challenges. After finding its results, Meduri has to develop a marketing and brand strategy to fulfill those potentials and to reposition the brand in the mind of consumers.

4 0
2 years ago
In its income statement for the year ended December 31, 2020, Kingbird, Inc. reported the following condensed data.
tekilochka [14]

Answer and Explanation:

The preparation of the multiple-step income statement is shown below:

Net Sales $2,415,700

Less: Cost of goods sold $1,314,300

Gross profit $1,101,400

Less: Operating expense -$736070

Operating income $365,330

Other revenue    

Add: Interest revenue $31,590

Other expense    

Interest expense $74,650

Loss on disposal of plant assets $18,990 $93,640 -$62,050

Net income $303,280

6 0
2 years ago
Other questions:
  • Great Lakes Packing has two bond issues outstanding. The first issue has a coupon rate of 3.50 percent, a par value of $1,000 pe
    9·1 answer
  • Friendly Inc., through no fault of its own, lost an entire plant due to an earthquake on May 1, 2016. In preparing its insurance
    13·1 answer
  • Jo mielziner' s set for the original production of death of a salesman was:
    8·1 answer
  • Suppose the economy had been producing at potential output but is now experiencing a recession. Which of the following are discr
    10·1 answer
  • The process of developing and executing strategies and tactics to market and sell a product or service to a very specific target
    14·1 answer
  • Karen is a financial analyst. At work, she uses logic to reason and solve novel financial problems. This is an example of _____.
    6·1 answer
  • TimeEnough Inc. entered the low-priced digital watch market several years ago. This firm's earnings have been unsteady, but migh
    10·1 answer
  • Now discuss with suitable examples how the issue price of bonds payable is determined? When does the issue price results in a di
    7·1 answer
  • Goodwill arises when one firm acquires the net assets of another firm and pays more for those net assets than their current fair
    9·1 answer
  • The loanable funds thoery of interest shows that interest rates on loans are determineds by?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!