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3 years ago

What is an economic and non economic activity explain me in short and give one example each

Business

2 answers:

lord [1]3 years ago

6 0

Explanation:

Economic activities:Agriculture, fishing, mining and forestry.

Non-economic:Cultural and religious,family commitment and free time activities.

An economic activity is a process that, based on inputs, leads to the manufacture of a good or the provision of a service.

Non-economic activities refer to a human activity undertaken sheerly out of love, affection, sympathy or patriotism. ... It includes all those activities which are performed for the satisfaction of human sentiments that can be social, religious, cultural, personal, recreational, charity, patriotic.

Sonbull [250]3 years ago

4 0

Answer:Economic activities are those activities of man which are undertaken for earning money. Whereas non economic activities are those activities that are not undertaken for any monetary gain.

Explanation:

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12345 [234]

Answer:

Van is asking about Investment area of finance.

Explanation:

The developments reported can affect the market sentiments generally.
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3 years ago

Henrietta is interested in moving her organization toward being a true learning organization. what might be one way in which she

S_A_V [24]

If Henrietta wants to move her organization closer to being a true learning organization, she should redesign the structure. These changes will effect how the company is run and will improve the overall efficiency, productivity, and workflow of the company.

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3 years ago

Current predictions indicate that if nothing is done the Social Security trust fund will run out in 2035. After this point, reti

Tresset [83]

Answer:

a. This behaviour will decrease the AD. This is because as people will start saving more, they will spend less. Due to this, AD curve will shift backwards or AD will decrease.

b. If people start saving more, they will consume less. Thus, the consumption component will reduce.

c. This will change the saving habits. This is because people will become aware of the fact that they need to save for their old age because the social security system will not be enough to meet their demands.

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3 years ago

MCO Leather manufactures leather purses. Each purse requires 3 pounds of direct materials at a cost of $4 per pound and 0.7 dire

sdas [7]

Answer:

Results are below.

Explanation:

Giving the following information:

Direct material:

Each purse requires 3 pounds of direct materials for $4 per pound.

The company’s policy is to end each month with direct materials inventory equal to 40% of the next month’s materials requirement.

At the end of August the company had 3,480 pounds of direct materials in inventory.

Direct labor:

0.7 direct labor hours at a rate of $17 per hour.

Overhead:

Variable manufacturing overhead is charged at a rate of $3 per direct labor hour.

Fixed manufacturing overhead is $13,000 per month. T

Production Budget:

September= 5,300 units

October= 6,900 units

November= 6,300 units

1) Direct material budget:

September (in pounds):

Production= 5,300*3= 15,900

Desired ending inventory= (6,900*3)*0.4= 8,280

Beginning inventory= (3,480)

Total pounds= 20,700

Total cost= 20,700*4= $82,800

October (in pounds):

Production= 6,900*3= 20,700

Desired ending inventory= (6,300*3)*0.4= 7,560

Beginning inventory= (8,280)

Total pounds= 19,980

Total cost= 19,980*4= $79,920

2) Direct labor:

September:

Total direct labor hours= 0.7*5,300= 3,710

Total cost= 3,710*17= $63,070

October:

Total direct labor hours= 0.7*6,900= 4,830

Total cost= 4,830*17= $82,110

3) Manufacturing overhead:

September:

Variable overhead= $3*3,710= $11,130

Fixed overhead= 13,000

Total overhead= $24,130

October:

Variable overhead= $3*4,830= $14,490

Fixed overhead= 13,000

Total overhead= $27,490

8 0

3 years ago

Who else is affected when an organization acts unethically? Who is affected when an employee acts unethically? List at least thr

Katarina [22]

Employees can be affected when an organization acts unethically such as not enforcing safety laws and not providing proper equipment to employees which can also lead to dangerous environments which lead to injury or death

Customers can be affected when improper enforcement is used while creating or producing products or goods that a customer would then use.

Shareholders can be affected financially if news of unethical actions by the entity was declared by the public.

3 0

2 years ago

What is an economic and non economic activity explain me in short and give one example each​

What is an economic and non economic activity explain me in short and give one example each