1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
uysha [10]
3 years ago
5

What are aspects of a free enterprise system?

Business
1 answer:
Ierofanga [76]3 years ago
7 0

Answer:

A free enterprise economy has five important characteristics. They are: economic freedom, voluntary (willing) exchange, private property rights, the profit motive, and competition.

Hope this helps!

You might be interested in
This video speeds through over 10 common mistakes people make that leave them open to identity theft. list at least 5 of them he
Vikentia [17]

Leaving Your Mail Unguarded. ...

Throwing Sensitive Documents into Your Trash. ...

Losing Your Wallet or Smartphone. ...

Falling for Cyberscams. ...

Using an Insecure Internet Connection.

3 0
2 years ago
Nov. 5 Purchased 850 units of product at a cost of $10 per unit. Terms of the sale are 3/10, n/60; the invoice is dated November
pickupchik [31]

Answer: Please see explanation column for answer

Explanation: A perpetual inventory system maintains inventory balances ensuring that records are continually made immediately when purchases or sale are made together with any returns which are recorded in inventory accounts.

To record purchase of merchandise

Date         Account                                    Debit       Credit

Nov 5    Merchandise Inventory         $8500

         Accounts payable                                               $8,500

To record return of merchandise purchased

Nov 7      Accounts payable                  $300

       Merchandise Inventory                                          $300

To record payment of inventory

Nov 15    Accounts payable                $8,200                      

              Cash                                                                  $7,954

          Merchandise Inventory                                         $246

Calculation =

Nov 5 - Cost of merchandise purchased =  No of units x unit price = 850 x 10 =$8500

Nov 7 - Cost of merchandise returned =  No of units returned x unt price = 30 x 10 = $300

discount received = Balance from accounts payable  x discount rate = (8,500- 300) x 3%= 8200 x 0.03=  $246

   Cash  =    Accounts payable    - Merchandise Inventory = $8200 - 246 =$7984.

4 0
3 years ago
In an organic organization:_______
Romashka-Z-Leto [24]

Answer:

d. employees are encouraged to develop knowledge and expertise outside of their specialization.

Explanation:

An organizational structure can be defined as the process which typically involves dividing an organization into various functional units.

Basically, the organizational structure comprises of three (3) main dimensions and these are;

I. The vertical dimension: this is typically the decision-making responsibilities (decentralization and centralization).

II. The horizontal dimension: this divides the organization into subunits.

III. Integrating mechanisms: it is based typically on the strategic mechanism that controls the various subunits within an organization.

An employee can be defined as an individual who is employed by an employer of labor to perform specific tasks, duties or functions in an organization.

Basically, an employee is saddled with the responsibility of providing specific services to the organization or company where he is currently employed while being paid a certain amount of money hourly, daily, weekly, or monthly depending on the contractual agreement between the two parties (employer and employee).

In an organic organization unlike a mechanistic organisation, employees are encouraged to develop knowledge and expertise outside of their specialization rather than being static or inflexible.

6 0
3 years ago
Read 2 more answers
At year​ end, Rebos​ Company's financial statements showed sales of​ $820 million, net income of​ $425 million, total assets of​
Dafna11 [192]

Answer:

total sales $820 million

net income $425 million

total assets $750 million

total liabilities $735

1.2 million outstanding common stocks

an offer was made to buy their assets at $742.5 million

<u>company's book value per share:</u>

= (total assets - total liabilities) / total number of outstanding common stocks

= ($750,000,000 - $735,000,000) / 1,200,000 = $12.50 per stock

<u>company's liquidation value per share:</u>

= (total offer - total liabilities) / total number of outstanding common stocks

= ($742,500,000 - $735,000,000) / 1,200,000 = $6.25 per stock

4 0
3 years ago
In most organizations, who is primarily responsible for appraising an employee's performance
ivanzaharov [21]
It is and should be the managers job to do that
8 0
3 years ago
Other questions:
  • 1} When making decisions regarding the use of resources, options NOT chosen are known as which of the following?
    8·1 answer
  • What is brand awareness?
    8·2 answers
  • In response to duracell's introduction of the duracell ultra battery, energizer introduced an advanced formula battery. but unli
    8·1 answer
  • A product's standard cost card specifies that a unit of the product requires 4 direct labor-hours. During September, 3,350 units
    15·2 answers
  • Reprise Entertainment, Inc., a U.S. television and movie production company, files a suit against Substantivo TV, Ltd., a Mexica
    15·1 answer
  • Suppose Megan gets a sales bonus at her place of work that gives her an extra $400 of disposable income. She chooses to spend $3
    12·1 answer
  • Toyna Recruitz is an organization that allows its employees to work from home. Most of the interaction between the employees and
    12·1 answer
  • If a 10 percent increase in income induced a group of consumers to reduce their yearly purchases of eggs by 5 percent, for these
    11·1 answer
  • Click this link to view O*NET's Tasks section for Actors.
    5·2 answers
  • True or false: banks keep a portion of their reserves in their own vaults.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!