Q3. List three factors that are an impediment to traditional Barter System in papua New Guinea<br>

Imagine you are experiencing a major conflict in your place of work. The team with which you are working at the time has split i

CaHeK987 [17]

Answer:

Compromising and collaborating are the strategies that should be used.

Explanation:

Collaboration can be understood as the procedure of two and more individuals entities, or organisations cooperating to complete a task or achieve an objective.

Cooperation and collaboration are two terms that are often used interchangeably. Most collaborations necessitate leadership, albeit it might take the character of social governance within a decentralized and democratic organisation.

To compromise would be to reach an agreement between two or more parties in which each party relinquishes a portion of its claim. Compromise is the idea of reaching an arrangement through negotiation in a disagreement.

4 0

3 years ago

Chang Industries has 2,000 defective units of product that already cost $14 each to produce. A salvage company will purchase the

tiny-mole [99]

Answer:

Sunk cost

Explanation:

-Incremental cost is the total cost of producing an additional unit.

-Sunk cost is a cost that has already been paid and that it is not possible to get it back.

-Out-of-pocket cost is a cost that requires a direct payment in the actual period.

-Opportunity cost is the cost of not receiving a benefit when you choose an alernative over another one.

-Period cost is a cost that is not associated with the production of goods.

According to this, the answer is that the $14 per unit is a sunk cost because the company has already spent that manufacturing the products and it is not able to recover that money.

6 0

3 years ago

2. Alex, Becky, Cindy, Deanna and Elias form a general partnership, Glorious Jeans, to manufacture coffee-colored clothing. Alex

kari74 [83]

Answer:

Under the UPA ( uniform partnership act ) the partners share the profits of the business according to their contributions towards the business ( mostly financial contribution)

The UPA is used to address the issues of profit and loss sharing in a business partnership based on financial contribution towards the business and not based on service rendered to the business hence it won't work in this situation

Explanation:

Under the UPA ( uniform partnership act ) the partners share the profits of the business according to their contributions towards the business ( mostly financial contribution), the primary purpose of the uniform partnership act to to address certain in-formal or formal issue that was not addressed under the business agreement reached between the partners,

The reason why the UPA might not govern the sharing of the profits is because of the involvement of a partner who did not contribute towards the capital but contributes in terms of service. The UPA is used to address the issues of profit and loss sharing in a business partnership based on financial contribution towards the business and not based on service rendered to the business hence it won't work in this situation

4 0

3 years ago

The Austin Land Company sold land for $85,000 in cash. The land was originally purchased for $65,000. At the time of the sale, $

kompoz [17]

Answer:

The sale implies:

Reduction in asset-land by $65000

An increase in asset cash by $85000

An increase share capital by $20,000

The payment of mortgage means:

decrease in liability by $40,000

decrease in asset by $40,000

Explanation:

First of all, the sale of the land means a decrease in a non-current asset, land by $65,000 as well as an increase in a current asset cash by $85,000 while balancing amount of $20,000, gain on sale of land would increase retained earnings and ultimately share capital equity.

The payoff of loan of $40,000 reduces long-term liability mortgage by $40,000 and also reduces current asset , cash by the same amount, in other words asset and liability reduce by $40,000 simultaneously.

6 0

3 years ago

Let us assume two students must prepare a presentation for their economics class. As part of their class presentation, they must

patriot [66]

Answer:

A. How much time would it take the two students to complete the project if they divide the two tasks equally?

James needs 10 hours to complete half the task and Jane needs 16 hours to do her part = total work 26 hours

B. How much time would it take the two students to complete the project if they use comparative advantage and specialize in calculating or preparing slides?

If they specialize, then Jane should do the calculations (12 hours) and James should prepare the slides (10 hours) = total work 22 hours

C. If James and Jane have the same opportunity cost of $5 per hour, is there a better solution than for each to specialize in calculating or preparing slides?

Yes, Jane should pay James so that he does the whole work all by himself. Since James opportunity cost is $5 per hour, his total economic cost of doing the work is $100, and half of that is $50. Jane's economic cost of doing her part is $60 (= 12 x $5), so if she pays any amount lower than $60 and equal or higher than $50 to James, then they would both win.

Explanation:

50 powerpoint slides

James needs 10 hours to do the calculations and 10 hours to prepare the slides = 20 hours total / 2 = 10 hours

Jane needs 12 hours to do the calculations and 20 hours to prepare the slides = 32 hours total / 2 = 16 hours

James's opportunity cost of doing the calculations or preparing the slides is 10 / 10 = 1

Jane's opportunity cost of doing one hour of calculations is 20 / 12 = 1.67 hours of preparing slides.

Jane's opportunity cost of doing one hour of preparing slides is 12 / 20 = 0.6 hours of calculations.

5 0

3 years ago

Q3. List three factors that are an impediment to traditional Barter System in papua New Guinea​

Q3. List three factors that are an impediment to traditional Barter System in papua New Guinea