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4 years ago

true or false. GDP measures total expenditures on final goods and services during a given period of time

Business

1 answer:

Andreas93 [3]4 years ago

7 0

True.

Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a period of time, often annually GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore using a basis of GDP per capita at purchasing power parity (PPP) is arguably more useful when comparing differences in living standards between nations.

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A company offers ID theft protection using leads obtained from client banks. Three employees each work 40 hours a week on the le

Keith_Richards [23]

Answer:

Output = 4%*3000 * $70 * 3

Output = $25,200

Labor hours productivity = Output / Labor hour

Where Labor hour = 3 * 40 hours = 120 hours

Labor hours productivity = $25,200 / 120 hours

Labor hours productivity = $210 per labor hour

Multi factor productivity for this operation = Output / Multi factor input

Where Multi factor input = 120*$25 + $1,000 + $9,000 = $13,000

Multi factor productivity for this operation = $25,200 / $13,000

Multi factor productivity for this operation = 1.938462

Multi factor productivity for this operation = 1.94

6 0

3 years ago

One of the huge benefits of just-in-time production is that the need for _______________ is eliminated.

dsp73

One of the huge benefits of just-in-time production is that the need for "time" is eliminated.

<h3>What is just-in-time production?</h3>

With just-in-time (JIT) manufacturing, products are produced as needed, rather than in excess or ahead of schedule.

Some characteristics of just-in-time are-

With just-in-time (JIT) manufacturing, products are produced as needed, rather than just-in-time (JIT) inventory system is a management strategy that aligns raw-material orders from suppliers directly with production schedules in excess or ahead of schedule.
Because Toyota, a vehicle manufacturer, introduced just-in-time manufacturing in the 1970s, the practise is often referred to as the Toyota Production System (TPS).
To prevent work-in-process overcapacity, JIT is frequently used in conjunction with the scheduling technique known as kanban.
The JIT production method depends on consistent output, excellent craftsmanship, no equipment failures, and trustworthy suppliers for its success.
The JIT system is also known as short-cycle manufacturing (as used by Motorola) and continuous-flow manufacturing (as used by IBM).

To know more about just-in-time inventory management, here

brainly.com/question/8842151

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4 0

2 years ago

Managers are evaluating the performance of Benson Company's six divisions. The managers are considering discontinuing its Mason

irina1246 [14]

Answer:

Option D is the correct answer.

<u>Yes,it should be eliminated. Because operating income will increase by $15,200</u>

Explanation:

Increase (Decrease) in operating income

= Avoidable fixed costs - Contribution margin lost

= 26,400 - 11,200

= $15,200

4 0

3 years ago

According to the law of demand, as prices rise, ceteris paribus A. quantity demanded decreases. B. quantity demanded increases

vodka [1.7K]

Answer:

A) quantity demanded decreases.

Explanation:

The law of demand states that as the price of a good or service increases, the quantity demanded (not the demand) of the good or service will decrease. This happens because less consumers are willing to purchase the goods or services and since the supply doesn't change, overstocking will result, which will decrease the equilibrium price.

*The demand of a good or service is shown by the demand curve, but the points in the curve represent the quantity demanded.

3 0

3 years ago

Brianna, a salesperson for Cosmetics Corporation, learns that Cosmetics will increase the dividend it pays to shareholders. Bria

olya-2409 [2.1K]

Answer:

traded on information that was not available to the public.

Explanation:

Brianna, a salesperson for Cosmetics Corporation, learns that Cosmetics will increase the dividend it pays to shareholders. Brianna buys 10,000 shares of Cosmetics stock. When the price increases, Brianna sells the shares for a profit. If Brianna is liable for insider trading, it is because she traded on information that was not available to the public.

3 0

4 years ago