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3 years ago

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

Explanation:

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.

Advantages:

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

Disadvantages:

remaining artisan workers could no longer compete becauseof the mass production ongiong in factories.
factories became less concerned about the quality of goods, but of quantity.

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Roberto Designers was organized on January 1, 2021. The firm was authorized to issue 100,000 shares of $6 par value common stock

DedPeter [7]

Answer:

The total stockholders' equity at the end of 2021 is $271,500

Explanation:

In order to calculate the total stockholders' equity at the end of 2021 we would have to use the following formula:

Stockholders' equity=Common stock+ Paid-in capital in excess of par+ Net income-Dividends- Treasury stock

Common stock= ( 10,000*$6 + 20,000*$6 ) = $180,000

Paid-in capital in excess of par=(10,000*($8-$6) + 20,000*($9-$6)=$ 80,000 Treasury stock= ( 3,500 * $11 )=$38,500

Therefore, Stockholders' equity= $180,000+$ 80,000 + $100,000-$ 50,000 - $38,500

Stockholders' equity= $271,500

The total stockholders' equity at the end of 2021 is $271,500

6 0

3 years ago

Elaine is in the process of buying a new car. There are many possible cars to choose from, but she is focused on a few she would

statuscvo [17]

Answer: evoked set

Explanation:

In simple words, evoked set refers to the collection of brands that initially comes in the mind of the consumer when he or she is willing to buy a product in market. These are the brands that are of high significance to the customer and that individual customer completely trust such brand.

Every producer in the market wants to be in the evoked set of the consumer as there is a high probability that customer will choose to buy their willing commodity form such a set. However, positioning in evoked set cannot be marked quickly as it depends on various factors such as duration, quality and price etc.

4 0

3 years ago

What type of résumé presents the job seeker's characteristics and experience in terms that accommodate the computer search proce

Reil [10]

The correct answer is keyword resume.
Here, you would use keywords to refer to your characteristics and experience, so that the computer can search the document according to the specific requirements the employer needs - so if no such requirements are met by your resume, you may not get the job.

3 0

3 years ago

5) Big Corporation had the following sales over the last 4 years; Year Sales (in 000s) bgs 1 225.00 2 236.25 3 243.125 4 248.00

babymother [125]

Answer:

Explanation:

a) What was the growth rate in sales between years 1 and 2

Growth rate measures the increase in the level of sales over a period of time

Growth rate from year 1 to 2 = (increase in sales from year 1 to 2 / sales in year 1) x 100

increase in sales from year 1 to 2 = 236.25 - 225 = 11.25

(11.25 / 225) x 100 = 5%

6 0

3 years ago

Read the following scenario and answer the question in 5 sentences at least.

tamaranim1 [39]

Answer and Explanation:

1. Business implication: if there are no trade barriers, it would enable them get better raw materials for their business and increase customer base

Legal anti trust implication: lobbying is illegal in some countries

2. Business implication: this would attract more manufacturers who were not previously members of the association which would in turn promote the goals of the association in improving trade amongst the manufacturers

Legal anti trust implication: associatio may be exposed to legal examination, example increased regulations

3 business implications:sales territories would invariably create a safe and secure investment for manufacturers such that there is less cost of marketing and campaigning as consumers are guaranteed

Legal implications: this is against anti trust laws and goes against free trade policies and illegal monopoly

4 business implications: boycotting this supplier could create an alternative source of raw materials which wouldn't be as efficient and even cost more

Legal implications: boycotting a large supplier such as this who might have a political backing might bring political retaliations from the supplier's political proxies who might create other regulations in the supplier's favour

6 0

3 years ago