To keep every other branch in check if we had only one then they could go corrupt. (separation of power)
Answer:
It is said that when Okomfo Anokye was born in Awukugua he was already holding in his right hand a short white tail of a cow (Podua); and he had so firmly clenched the fist of the other hand that no one could open it. The woman who went to deliver the labouring mother tried to open it because she suspected there was something in it. The father was called in to assist... Okomfo Anokye opened his eyes and, staring at the father, quickly opened the mysterious hand, showing it to the father and saying "Ano....Kye" (Guan language) meaning "Ano...see" and gave to the father what was in it. It is alleged that it was a talisman. From this incident Kwame Agyei got his name "Anokye".
Explanation:
<span>The answer to the question is letter E. economic.
</span>Historically, economic responsibility means making a profit by producing a product valued by society. It has been the most basic social responsibility of a <span>business.</span>
Economic responsibility is one of the common social responsibility to ensure that we are profitable while providing value to our stakeholders.
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Lindo Company incurs annual fixed costs of $80,000. Variable costs for Lindo’s product are $40 per unit, and the sales price is $64 per unit. Lindo desires to earn an annual profit of $40,000.
To calculate the sales in volume and dollars we need to use the break-even formula:
Break-even point (units)= (fixed costs + profit)/ contribution margin
Break-even point (units)= (80,000 + 40,000) / (64 - 40)= 5,000 units
Break-even point (dollars)= (fixed costs + profit)/ contribution margin ratio
Break-even point (dollars)= 120,000 / (24/64)= $320,000
Answer:
In a market economy, the price mechanism is indeed the primary coordinator of the decisions of buyers and sellers, because the price for goods and services adjust to an equilibrium point, where demand and supply are equal.
However, the public sector still has two important functions in this enviroment:
- Correcting market failures - a market failure is a situation in which the market does not produce a good outcome. An example of market failure is pollution. Market failures can be corrected by government intervention, for example, by setting anti-pollution regulations.
- Providing public goods - some public goods are not provided by the private sector because they are not profitable. The public sector can therefore step in and provide this type of goods.
