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3 years ago

An economic system that allows indivduals to pursue their own interests without undue

Business

1 answer:

Kay [80]3 years ago

8 0

Answer:

a. private enterprise

Explanation:

Economics systems can be categorized as;

Command or planned economic systems
Mixed economies
Market or free enterprise economies

The market or free enterprise economy is also the private enterprise economy. This economic system has the private sector as the primary producers of goods and services. The government does not interfere with economic activities.

In the private enterprise economy, private firms and individuals have the freedom to start and operate a business of their preferences. The government does not regulate the production, distribution, or prices of products. The private sector engages in business activities that will generate maximum profits for them.

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On January 1, Kirk Corporation had total assets of $864,000. During the month, the following activities occurred: Kirk Corporati

Whitepunk [10]

Answer:

The amount of total assets of Kirk Corporation at the end of the month is $ 871,400

Explanation:

Total assets at January 1 = $864,000

Equipment purchased = $ 7,400

Supplies purchased = $ 3,640

Cash paid for supplies = $ 3,640

Cost of land sold = $16,400

Cash received from Land sold = $16,400

Therefore total amount of cash out = $ 16,400 + $3,640 = $ $20,040

Total amount of cash in = $ 7,400 + $ 3,640 + $16,400 = $27,440

Amount of total assets at the end of the month = $864,000 + $27,440 - $20,040 = $ 871,400

4 0

3 years ago

Indicate all items in the following list that are not consumption goods and services and explain why.Item a: A chocolate barIte

natima [27]

Answer: Option B, D , E

Explanation: In simple words, goods which are not used in the production of other goods rather consumed by the individual to satisfy current wants is called consumer goods.

So, form the above explanation we can conclude that a chocolate bar and a golf ball are consumer goods among all options.

B. A ski lift will be used continuously by the owner for its business operation. Hence, not a consumer good.

D. A shopping mall cannot be considered a good. It is a fixed asset to the entity owning it. Hence, not a consumer good.

E. A train will continuously used by the organisation owning it for its business purpose. Hence , not a consumer good.

8 0

3 years ago

Which qualitative characteristic requires that financial information should not influence decision making to achieve a predeterm

lutik1710 [3]

Neutrality is qualitative characteristic requires that financial information should not influence decision making to achieve a predetermined result. The trait of neutrality is frequently referred to as objectivity or freedom from bias. When creating or implementing standards, the relevance and veracity of the information that arises should be the main consideration, not how the new norm may affect a certain interest or user (s).

Accounting facts and accounting procedures should be independently assessed and reported without any explicit bias toward any particular user or user group. It cannot be stated that accounting information reported favors one set of interests over another if there is no bias in the selection of that information. It is because that is what the data indicates.

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2 years ago

What was a major result of Henry Ford's innovative manufacturing technique?

NeTakaya

B) The sale price of cars went down.

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3 years ago

List the four factors of production

yawa3891 [41]

Answer:

The four factors of production are land, labor, Capita and entrepreneurship.