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iragen [17]
3 years ago
12

What were the two main opposing views of Adam Smith and Karl Marx?

Business
1 answer:
daser333 [38]3 years ago
7 0

Answer:

Adam Smith, author of "The Wealth of Nations", was a staunch believer in the free market and private property. Karl Marx, on the other hand, believed that the free market was destroying the world and leading to the "exploitation" of the middle class and the poor.

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Purchased 18-month insurance policy for cash.Prepaid Insurance 2. Paid weekly payroll. 3. Purchased supplies on account. 4. Rece
FinnZ [79.3K]

Answer:

1) Debit Prepaid insurance, Credit Bank

2) Debit wages, credit Bank

3) Debit Supplies Account , Credit Accounts payable

4) Debit Utility account credit Accounts payable

Explanation:

The Question requires that for each of the transaction identify account to be debited and account to be credit.

clear transactions end at the 4th transaction. After the 4th its just terms and accounts

8 0
3 years ago
In a market without price controls, producers can charge the _____, so that consumers will buy all of their products. I Need Hel
Arada [10]

Answer:

equilibrium price

Explanation:

At the equilibrium point, the market does not experience a shortage or excess in either demand or supply. The quantity demanded matches the quantity supplied.  The equilibrium price is the price at the equilibrium point where demand and supply meet.

Because there are no shortages or excesses at the equilibrium point, suppliers will sell all their products if they set a selling price equal to the equilibrium price. Buyers will purchase all the quantities supplied at the equilibrium price.

5 0
3 years ago
In the ____ stage of selecting information technology projects, organizations define project scope, benefits, and constraints. a
AleksandrR [38]

Answer:

The correct option is A,project planning.

Explanation:

In the project planning stage which centers on IT projects,the scope of the project refers to the different parts or milestones making up the project.The scope of the project is a function of the magnitude of the problem it meant to solve.

Cost/benefits analysis is also  a key feature of such planning,as it is only worthwhile investing in  project whose benefits outweigh its costs.

Lastly, envisaging likely constraints is also important in order that adequate mitigating plans can be put in place.

8 0
3 years ago
Present an example where data mining is crucial to the success of a business. What data mining functions does this business need
Kitty [74]

Answer:

Data mining refers to the ability of an organization to extract relevant information for a large reservoir of data that belong to its users for the purpose of increasing service/product efficiency.

One example of a company that requires data mining for the success of its business is Amazon. Amazon is categorized by many as an online retail giant. Their Customer-Centric approach to doing business is enhanced by their ability to leverage off historical data to reduce the time spent on resolving customer queries and/or complaints.

Generally, there are four basic data mining functions. They are:

  • Prediction Function: This function allows for the owner to spot patterns in behavior and use this as a yardstick to predict for forecast other variables that will enable the increment in the quality of value offered/delivered.
  • Function Description: This functionality highlights attributes of a set of data in the database
  • Classification Function: This is very close to Function Description only that in this case, it helps in the creation of a model that describes the class or concept of data.  
  • Association Function: This functionality highlights the relationship between data  

The above functions cannot be carried out by data query processing or simple statistical analysis because data mining involves the identification of patterns and relationships using algorithms whilst data query refers to the issuance of instructions in search of specific results.

Cheers

7 0
2 years ago
A sole proprietor has ______ personal liability for all business debts and obligations.
andreev551 [17]

A sole proprietor has unlimited personal liability for all business debts and obligations.

<h3>Who is a sole proprietor?</h3>

A sole proprietor is the owner of a sole proprietorship. A sole proprietorship is a type of business that is owned by one person.

A sole proprietor and the business are regarded as a single person under the law. Thus, a sole proprietor has an unlimited liability. An unlimited liability means that in event of default, both the e property of the business and the sole proprietor can be seized.

To learn more about  sole proprietorship , please check: brainly.com/question/1428023

#SPJ1

4 0
1 year ago
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