No, there is no any economic systems in the world that reflect
the purest forms of command or laissez-faire economics.
Because in most economies, government plays an important role
and if it is not, there is some kind of involvement of government is must be in
the system. The government can use many ways to involve in the economic system.
<span> </span>
D. Schools and hospitals
The biggest funding source for schools is typically property taxes.
Answer:
The correct answer is True.
Explanation:
The development of a new product is the process in marketing and economics through which a company plans to participate in a particular market through the inclusion in it of a new good or service, or with a complete modification and / or update of previous one.
The bases on which the product development process is based are the research and design of goods or services that meet and respond to the tastes and needs that each market poses. It could be considered as new a good or service aimed at new needs of consumers, some substantial change in existing goods or services that may even make them obsolete.
One of the most important aspects lies in the research and analysis of the market, taking into account the possible opportunities that arise. Therefore, this development is considered to be the first stage in the life cycle of a product.
Answer:
$3.55%
Explanation:
The computation of simple rate of return is shown below:-
For computing the simple rate of return first we need to find out the Net annual saving and net investment which is given below:-
Annual depreciation of the machine = $340,000 ÷ 10
= $34,000
Net annual saving = Saving in labor and other cost - Cost to operate and maintain - Annual depreciation of the machine
= $95,000 - $50,000 - $34,000
= $11,000
Net investment = New machine cost - Old machine
= $340,000 - $30,000
= $310,000
Now,
Simple rate of return = Net annual saving ÷ Net investment
= $11,000 ÷ $310,000
= $3.55%
Answer:
A culture of leadership <u>Excellence </u>and <u>Integrity</u> is created when people at all levels genuinely expect each other to be credible, and they hold each other accountable for the actions that build and sustain credibility.
Explanation:
The above approach of excellence and integrity refers to adaptability and ethics amongst the employees. Excellence is something which is the maximum desired level attained whereas integrity refers to the traits of honesty and abiding by moral ethics.
Leadership excellence and integrity is when there is immense mutual trust between one people. This trust leads to genuine expectations at both ends wherein credibility and accountability is expected.
Such actions are expected by both parties which lead to a credible environment and it is desired to maintain and sustain that credibility.