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zavuch27 [327]
3 years ago
12

What is self interest and how is it manifest in business?

Business
2 answers:
Dahasolnce [82]3 years ago
8 0

Answer:

Self-interest is inclined towards actions eliciting personal benefit. According to the Invisible Hand Theory, when economic decisions are made by entities in a free market economy on the basis of their own as well as rational self-interests, it is manifested as unintentional, optimistically beneficial for the economy at large.

Explanation:

Self-interest can be both a mental and financial term. By and large, it alludes to singular activities and practices that incite constructive individual advantages. Consistently, financial analysts have contemplated personal responsibility and the practices of levelheaded personal circumstance to help create speculations and suppositions for the economy.

A business is characterized as an association or ambitious substance occupied with business, mechanical, or proficient exercises. Organizations can be revenue driven elements or non-benefit associations that work to satisfy a magnanimous crucial further a social reason.

balandron [24]3 years ago
7 0

self-interest. Focus on actions or activities that are advantageous to an individual or organization. For a business or individual to survive and grow, a degree of self-interest is necessary.

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Are elements of fiscal policy that automatically change in value as national income changes
sveta [45]
The answer to the given question above is AUTOMATIC STABILIZER. So in the fiscal policy, the term automatic stabilizer refers to the policies and programs which are created in order to counterbalance or neutralize any changes (e.g. fluctuations) in the national income or economic activities. This no longer requires an intervention from the government or policymakers.
4 0
3 years ago
The primary difference between the accrual basis and the cash basis of accounting is: (You may select more than one answer. Sing
sashaice [31]

Answer:

b The accrual basis records revenues when services or products are delivered and records expenses when incurred; AND -

d. The cash bases records revenues when cash is received and records expenses when cash is paid

Explanation:

Accrual basis of accounting states that transactions are recorded based on when they are entered into, irrespective of the cash exchange done or not. Revenues are recognised when buyer's liability to pay has been established, expenses are recorded when our liability to pay has been established. Debtors & Creditors, outstanding & prepaid expenses, accrued & prepaid income are all implications of this basis.

Cash basis of Accounting states that transactions are recorded based on when cash exchange has occurred. 'Liability to pay' or 'obligation to receive' have no relevance in this, it is only evaluated on the basis of cash transactions. 4 implications given in accrual basis are also inapplicable here.

Accrual basis is the more generally accepted one than cash basis, as it gives a true picture of enterprise performance in an accounting period.

4 0
4 years ago
A variation of off-price retailing includes ___
tatiyna
<span>A variation of off-price retailing includes outlet stores 

Since the development of the current technology, it became easier for the customers to seek information regarding the nearest outlets that provide their desired products.
With these, they don't have to travel a substantial distance to a large department store in order to get a good quality product.</span>
6 0
3 years ago
Presented below is information related to Crane Company at December 31, 2020, the end of its first year of operations.
pshichka [43]

Answer:

Follows are the solution to the given points:

Explanation:

In point a:

Formula:

= \text{sales-Cost of product sold -Selling and Administrative expense}

=316,550-150,400-53,900\\\\=112,250

In point b:

Formula:

=\text{Income from operation + Gain on sale of plant assets} - \text{Interest Expense} -\text{Loss from discontinued operations}\\\\=112,250+30,560- 5,840- 11,990\\\\=124,980

In point c:

Formula:

=\text{Net Income-  Allocation to noncontrolling interest}

= 124,980 - \text {missing value}

In point d:

Formula:

=\text{Net Income+ Unrealized gain on available for sale debt investments}\\\\= 124,980- 9,460\\\\=115,520

In point e:

Formula:

=\text{Net Income - Dividends declared and paid}\\\\=124,980- 4730\\\\=120,250\\\\

5 0
3 years ago
Explain how each of these terms is reflected in some way during the period of the American Revolution.
Zielflug [23.3K]

Answer:

The American Revolution was a revolution in the second half of the 18th century, during which the 13 original colonies that today form an area along the American east coast seceded from Britain and established the United States of America as a federal republic.

The American Revolution brought about a number of major intellectual and social changes in young American society, particularly the interest in a Republican government. The American patriots were strongly influenced by the ideas of the Enlightenment; they were against autocracy and did not see the French form of government as a viable solution. In some colonies there were heated debates over the role of democracy in the organization of the state. The change of public opinion towards a republican government and a gradually expanding democracy brought about great changes in the structure of society and laid the foundation for the central ideas by which the United States is still governed.

4 0
3 years ago
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