All categories

3 years ago

Select all items that describe command economies.

2 answers:

8 0

Inefficient and limited selection describe a command economy. In a command economy, prouction, investment, prices and incomes are controlled by the government. Since the government makes all of the decisions, it's not always the most efficient for the economy because they do not take everything into consideration, they just pick and chose what they want to see happen. There is often a limited selection of items because the free market isn't helping businesses make business decisions.

skad [1K]3 years ago

4 0

A command economy is yes inefficient because if the government will be the one to dictate the price of goods and what goods can be produced, then obviously the businesses will have to will to produce. They will just be following what the government says and will not give their whole heart to it. This will make the production of goods and services inefficient. Also, there will be a limited selection because if the will of the workers are hindered, then there will be no innovations and inventions

You might be interested in

The following information was drawn from the accounting records of Ashton Company. Budgeted Actual Sales $ 5,000 $ 6,000 Cost of

zhuklara [117]

Answer: c. $100 favorable fixed operating cost variance

Explanation:

Cost Variance is a way of measuring the efficiency of a Company or segment in terms of how well they are managing resources and keeping with the budget.

It is calculated by subtracting the Actual balance from the Budgeted balance.

If the result is negative it is called UNFAVORABLE. If it is positive on the other hand it'll be labeled FAVORABLE.

Option C is correct because,

Budgeted balance of Fixed Cost is 500.

Actual balance is 400.

Fixed Operating Cost Variance = 500 - 400

= $100

$100 is positive so it is $100 FAVORABLE.

5 0

3 years ago

Oak Tree Farms has common stock outstanding at a price of $13 a share. The total market value of the equity is $435,000. How man

vlada-n [284]

Answer:

13,384.62 shares

Explanation:

Current number of shares = $435,000 / $13

Current number of shares = 33461.53846154

Current number of shares = 33,461.54 shares

Stocks outstanding after the reverse stock split = (33,461.54 shares / 5)*2 = 13384.616 = 13,384.62 shares.

So, 13,384.62 shares of stock will be outstanding if the firm does a reverse stock split of 2-for-5.

3 0

3 years ago

Suppose a factory added $5,000 worth of output this year. incidentally, the waste from this factory caused $1,000 worth of loss

OLEGan [10]

It will be $1000; with an increase by $5000

8 0

3 years ago

When developing a ____ plan, the project team should work with managers in affected operating departments, and the contents of t

geniusboy [140]

When developing a transition plan, the project team should work with managers in affected operating departments, and the contents of the plan should be tailored to fit the support needs of the project

<u>Explanation:</u>

A Transition Plan is practiced to handle the transformation from a current organizational state to a new state. The transition plan recognizes the team qualified for a prosperous transition, the tools, and the methodologies needed. It also involves contingency preparation and risk reduction.

An impression statement is formed in the plan that sketches the potential consequence of the transition to the current infrastructure, services and support team, and the users. Adequate knowledge transfer is important for the stable transition from implementation to sustaining.

4 0

3 years ago

If incomes rise rapidly in the United States and U.S. preferences foreign goods strengthen, which on would we expect? A. U.S. ex

Evgesh-ka [11]

<span>D. the dollar to depreciate </span>

8 0

3 years ago