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Goshia [24]
4 years ago
14

_________is created by individuals through hard work, ingenuity, and use use of resources.

Business
1 answer:
Viefleur [7K]4 years ago
6 0

Wealth is created by individuals through hard work, ingenuity and the use of available and scarce resources.  

<u>Explanation </u>

  • Wealth is the measure of the net worth of an organization or an individual, however from an economics perspective it is the measure of the value created by the individual through the application of skills, human ingenuity and effort as also the various scarce and scant available resources. The usage and application of all available factors such as hard work, ingenuity, and availability of important infrastructure in the country is instrumental in the creation of wealth.
  • The welfare and prosperity of any country or nation are dependent on these very three crucial factors. The availability of skilled and qualified individuals in any country paves the way for fair chances for wealth creation. This is quite evident from the success stories of different developing and developed countries of the world. India has grown significantly owing to a phenomenal rise in the skilled and technically savvy workforce which has transformed the shape of the Indian economy. The same goes for countries like the US which is the most developed country in the world and where skills and technology are both available in abundance. The country has become one of the world's richest economies due to its extraordinary human ingenuity and skills.  
  • Furthermore, the use of scarce and important resources are very important for creating wealth. Oil-rich countries in the Middle - East have been able to create wealth because of the continuous and consistent availability of oil. This means just by the availability of oil, countries in the Middle East have been able to sustain and grow their economies.  
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what are the key events with notes payable? (check all that apply.) multiple select question. establishing the note recording in
sveta [45]

The key events with notes payable are

  1. Accruing interest incurred but not paid
  2. Establishing the note
  3. Recording principal paid
  4. Recording Interest paid

Perhaps the series of results of an experiment is called an event. For example, let's say you did an experiment by tossing a coin. The result of this experiment is a coin with heads or tails. Social events are defined as events characteristic of people forming a group. This may relate to events, shows, social events or parties, contests, and contests. A simple event is an event that can occur in only one direction. That is, there is only one result. Given the example before tossing a coin, we get a heads or tails result.

Learn more about  events   here

brainly.com/question/1374659

#SPJ4

6 0
1 year ago
Damages that involve only a very small monetary award are called liquidated damages. a. True b. False
Romashka [77]

Answer:

b. false.

Explanation:

because it is presented in certain legal contracts as an estimate of otherwise intangible or hard-to-define losses to one of the parties. It is a provision that allows for the payment of a specified sum should one of the parties be in breach of contract.

5 0
3 years ago
Here are a series of Mondelēz’s publicly announced objectives for enhancing sustainability:
olchik [2.2K]

Answer:

Strategic plans are made by the upper echelon of a company's management. They are long term and done with the intent to achieve company wide missions and visions.

Tactical plans come next and are made by the middle-level managers. They are not as long term as strategic plans and are typically less than a year but more than half a year. They are done to meet the strategic plans.

Operational plans are not very long term and are typically under half a year. They aim to meet strategic plans and are done by low-level management. It is usually detailed as it aimed at a particular goal.

Strategic Plans

  • Reducing production waste to landfill sites by 60 percent.
  • Reducing the impact of our operations.
  • Addressing child labor in the cocoa supply chain.

Tactical Plans

  • Reducing our energy and GHG in manufacturing.
  • Educating employees to reuse water and improve processes.
  • Reducing packaging material.

Operational Plans

  • Eliminating 50 million pounds of packaging material.
  • Buying certified commodities.

Projects are specific and so have specific goals as they aim to achieve a particular mission. They have a defined start and finish.

Programs on the other hand are a group of projects which would produce individual results that when put together, contribute to the larger goal of the program.

Policies are the guidelines that a company institutes in order to meet their goals.

Projects

  • Reducing production waste to landfill sites by 60 percent.
  • Eliminating 50 million pounds of packaging material.
  • Educating employees to reuse water and improve processes.

Policies

  • Buying certified commodities.
  • Reducing packaging material.
  • Addressing child labor in the cocoa supply chain.

Programs

  • Reducing our energy and GHG in manufacturing.
  • Reducing the impact of our operations.
6 0
3 years ago
Verslas is a firm operating in a monopolistically competitive market. It is currently maximizing profit with an output of 1,200
Marina86 [1]

Answer:

b

Explanation:

A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopolistic competition has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.

An example of monopolistic competition are restaurants  

When firms are earning positive economic profit, in the long run, firms enter into the industry. This drives economic profit to zero

If firms are earning negative economic profit, in the long run, firms leave the industry.  This drives economic profit to zero

in the long run, only normal profit is earned

If Verslas is producing at a profit maximising point, it means that marginal revenue equal marginal revenue and the firm is earning a normal profit

3 0
3 years ago
Suppose the U.S. Treasury offers to sell you a bond for $687.25. No payments will be made until the bond matures 5 years from no
pantera1 [17]

Answer:

6%

Explanation:

Data provided as per question is as given below:-

Redeemed amount = $1,000

Sale value of Bond = $687.25

Number of year = 5

The computation of interest rate is as shown below:-

Interest rate = (Redeemed amount ÷ Sale value of bond) ^ (1 ÷ Number of Year) - 1

= (1,000 ÷ 747.25) ^ (1 ÷ 5) - 1

= (1.338) ^ (0.2) - 1

= 0.06

= 6%

5 0
3 years ago
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