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xenn [34]
3 years ago
13

Explain the shift from artisan to factory worker, and discuss the factory system. What were the advantages and disadvantages

Business
1 answer:
Lerok [7]3 years ago
8 0

<u>Explanation:</u>

Note that an artisan is a person who uses his craftsmanship or craftswomanship to create products on a small scale that provide a small source of income. This shift occurred back in history during the Industrial Revolution which brought about so many inventions leading to a change in the production process.  As the production process became more and more automated, former artisans became factory workers.

<u>Advantages:</u>

  1. artisans were introduced into using efficient production equipment.
  2. artisans earned paid employment

<u>Disadvantages:</u>

  1. remaining artisan workers could no longer compete becauseof the mass production ongiong in factories.
  2. factories became less concerned about the quality of goods, but of quantity.
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What is business explanation
Serjik [45]

Answer:

A business is any organization where people work together.

Explanation:

  • Business is any organization which strives to earn profit through the focusing on a common goal. Business is located such that it is near to the resources needed for its success.
  • The business strategy and type of business determine the goals of the business.
  • Irrespective of the devised strategy the business must aim to produce a product, service to empower the society.
  • The three characteristics to conduct a business include:business must be the product of individuals working in organized way, must help the society, must make some profit.

4 0
3 years ago
After adjustments at March 31, 20Y2, the end of the first full year of operations, the revenues were $598,000 and expenses were
larisa86 [58]

Answer:

revenues 598,000 debit

      income summary        598,000 credit

--- to close revenues accounts---

income summary 480,000 debit

    expenses            480,000 credit

-- to close expenses accounts ---

income summary 70,000 debit

       lang   withdrawals 40,000 credit

       capri  withdrawals 30,000 credit

--- to close withdrawals account---

Explanation:

We will use income summary account to close the accounts:

as the <u>revenues </u>normal balance is credit to close it, we will debit it.

as <u>expenses </u>normal balance is debit to close it, we will credit it.

<u></u>

<u>the withdrawals are done like:</u>

withdrawals debit

         cash           credit

so their blaance is debit, to close it we will credit them

5 0
3 years ago
[Book Sale] Yasmeen offered to sell Dylan a used business law book for $50. She told him that he could use it in his upcoming bu
Ksivusya [100]

Answer:

B. he was the offeree

Explanation:

Yasmeen offered to sell Dylan the book, this makes her the Offeror. the agreement consists of an offer made by one party which is Yasmeen to enter int a term of contract and also acceptance of the terms of the offer by the other party Dylan. dylan is the offeree.

the 50 dollar to be provided by dylan and the book to be provide by Yasmeen is known as consideration. Since the parties have a mutual misunderstanding, they did not come to a meeting of the minds hence no contract.

7 0
3 years ago
An investment proposal with an initial investment of $100,000 generates annual net cash inflow of $20,000 for a period of 10 yea
dalvyx [7]

Answer:

5 years

Explanation:

Initital investment           $100,000

Cash inflows 1-5 (20,000*5)             ($100,000)

The payback period for this investment project is 5 years.

or

100,000/20,000=5 years

7 0
4 years ago
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dexar [7]
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YOU CAN SELECT FROM THEM AND WRITE.
6 0
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