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SIZIF [17.4K]
3 years ago
7

Economics is the social science concerned with the efficient use of scarce resources to achieve the maximum satisfaction of econ

omic wants. True or False
Business
1 answer:
Katena32 [7]3 years ago
4 0

Answer: True

Explanation:

Economics is the study of how decisions are made by humans when they're faced with scarcity of resources. It is concerned with how the resources that are in the economy will be efficiently used.

Therefore, the statement that "Economics is the social science concerned with the efficient use of scarce resources to achieve the maximum satisfaction of economic wants" is true

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1. Companies like Uber, Lyft (one of Uber’s main competitors), and Airbnb (an online marketplace that enables people to lease or
mart [117]

Answer:

Globalization has led to the influx of multinationals in many developing and under developed countries. With the advancement of technology this process has increased and influenced many industries.

Uber is providing convenience to its users to fill the gap between the service provider and service user through a platform

This platform has led to bridge the gap between the user and seller of service.

This convenience can be used not only in the transportation of consumer but can also be used in carrier pick ups. Delivery of foods and mails etc.

It can also be used across industries like in medical industry to provide emergency ambulances. Bridging the gap between medical assistance by providing medical services through apps connecting doctors and patients.

It is being used in freelancing industry as well. To provide a platform for provider of service and consumer.

However in entering into different industries the legal aspects are to be considered to avoid any backlash.

5 0
3 years ago
Using the Indirect Method to create the Statement of Cash Flows, which of the following options are correct in describing what m
Gwar [14]

Answer:

a) A gain is subtracted from net income.

d) An increase in operating current assets is subtracted from net income.

e) A decrease in operating current liabilities is subtracted from net income.

Explanation:

Operating activities: It involves those transactions that affect the after-net income working capital. It would subtract the rise in current assets and a decrease in current liabilities while add a decrease in current assets and an increase in current liabilities.  

It would modify those changes in working capital. For addition, the depreciation costs are added to the net income and the loss on the sale of assets is applied, while the gain on the sale of assets is excluded

So, the following options are used-

a) A gain is subtracted from net income.

d) An increase in operating current assets is subtracted from net income.

e) A decrease in operating current liabilities is subtracted from net income.

8 0
3 years ago
Which of the following taxes is not deductible as an itemized deduction?a. Property tax on second residenceb. Sales tax in a sta
Rudiy27

Answer:

<u>b. Sales tax in a state with no income tax</u>

Explanation:

  • Under the laws of the united states, itemized deductions are eligible expenses that an individual taxpayer can claim on federal income if available.  
  • Based on there taxable incomes the taxes can be deduced and the sales taxes with no income tax do not come under the deductible tax.
  • The list of expenses can also be itemized by there are limited to the tax year.
3 0
3 years ago
Adams Company is a manufacturing company that has worked on several production jobs during the first quarter of the year. Below
ehidna [41]

Answer:

The gross profit for Adams Company at the end of the first quarter is $1,000

Explanation:

Since in the question it is given that Job 356 and Job 357 is sold at a profit of $500 each. So, for these two the gross profit would be

= Job 356 profit + Job 357 profit

= $500 + $500

= $1,000

The Jobs 356, 357, 358, and 359 were completed which means Job No 360 is in work in process , and Job 358,359,360 have no profit that means they are in the inventory whereas Job 356 and 357 are in sale part.

Therefore, the gross profit for Adams Company at the end of the first quarter is $1,000

8 0
3 years ago
Alena hopes that a good outline will accomplish Which of the following for her
natka813 [3]

Answer:

D. Help her distinguish between main topics and subtopics.

Explanation:

During a presentation, a good outline helps to list out the main points of the presentation in an orderly and easily understood manner.

For Alena, during her presentation, she would hope that a good outline would help her to distinguish between the main topic and subtopics.

8 0
3 years ago
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