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Lena [83]
3 years ago
13

For each of the following resources, name at least two (hypothetical) competing potential uses for that resource. Then for each

describe how the “market” determines to which use it will be allocated.
Question 1 - A parcel of vacant land located at the intersection of two streets used heavily by commuters
Business
1 answer:
STatiana [176]3 years ago
6 0

Answer:

Question 1 - A parcel of vacant land located at the intersection of two streets used heavily by commuters

The parcel of vacant land could be used for building a house for domestic purposes: to be inhabited by a family or any other group of people, or it could also be used for building a commercial property (for example, a convenience shop).

Because the parcel is located at an intersection where there are many commuters, the market will likely determine that a commercial property would be more profitable, since many commuters means many potential customers.

A house, on the other hand, could not be as profitable, because people tend to dislike living in places where there are many people around.

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It is safe to use your bright headlights if there is a car ahead of you within 300 feet. True or False?
monitta
True.
At 200 feet you turn on low beams :)
6 0
3 years ago
Read 2 more answers
The interval at which an asset should be replaced to minimize cost (or maximize worth) is known as the: ________
madam [21]

Answer:

c. Optimum replacement interval (ORI)

Explanation:

Optimum replacement interval used to estimate the most cost effective time to replace an asset on the basis of their replacement cost.

There needs to be a balance between the replacement cost and the value that is being lost by changing the asset.

The useful value must be low to justify replacement cost.

For example if the cost of maintaining a machine has increased a lot as a result of wear and tear, it will be more cost effective to make a replacement in order to minimise cost and increase efficiency

3 0
3 years ago
Which organization compiles data on individuals and businesses to report on their credit?
Tanya [424]

Answer:

Option A

Explanation:

There are primarily three credit bureaus to which the Lenders go namely -

a) TransUnion

b) Equifax

c) Experian

These three agencies are interested in reviewing credit reports before lending any financial aid.

Hence, option A is correct

3 0
3 years ago
A standard hour incentive plan is likely to be successful if :_________
Y_Kistochka [10]

Answer: employees want the extra money more than they want to work at a pace that feels comfortable

Explanation:

A standard hour plan is based on the units that employees produce and once that unit is met, a set hourly wage is paid to the employees and an incentive can be given once the standard number of hours is exceeded.

It should be noted that a standard hour incentive plan is likely to be successful if employees want the extra money more than they want to work at a pace that feels comfortable. This will motivate them to work for extra hours since they want the extra money.

3 0
2 years ago
Which type of company enjoys the benefit of passing along deductions and credits of the company on to partners to file on their
Oksi-84 [34.3K]

Answer:

The correct answer is Limited Liability Partnerships.

Explanation:

A Limited Liability Company is a type of mercantile company, in which the liability is limited to the capital contributed, and therefore, in the event that debts are incurred, it does not respond with the personal assets of the partners, but to the one contributed in said Limited company. It presents as a capitalist-type society in which capital, which will be divided into social interests, will be integrated by the contributions of all partners, who will not respond personally to social debts.

Social ACTIONS are not equivalent to the actions of corporations, as there are legal obstacles to their transmission. In addition, they do not have a "value" character and cannot be represented by means of securities or account entries, and their transmission by means of the public document that will be registered in the partner register book is mandatory. It will be constituted in a public deed and subsequently in the registration of the commercial register, at which time it acquires legal personality.

3 0
3 years ago
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