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boyakko [2]
3 years ago
5

Shortcomings definition of economic​

Business
1 answer:
attashe74 [19]3 years ago
6 0

Explanation:

the study or principles of the way money, business and industry are organized

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Milo is the owner of a sporting goods store that has only been open for three months. The holiday season is coming up, and Milo
Arada [10]

1. If Milo should try to sue Jess, the court will decide that

  • that the parties had a contract, but the damages could not be ascertained because the hourly rate and number of hours had not been determined.

2.  Yes, Sylvia will have to pay Sarah for painting the store, even though she did not verbally agree to the contract.

3. The store manager is most likely to explain to Arlene here that  the advertisement is a valid offer, and the store must honor the price in the advertisement.

<h3>What is a business contract?</h3>

A contract can be referred to as business arrangements. They are very enforceable in the case of a breach by a court of law.

A business contract usually makes specifications concerning when a business would be done, the completion, and the payment for the goods and services rendered.

One has to fully understand the terms of a contract before they go ahead to sign documents.

Read more on contracts here: brainly.com/question/984979

6 0
3 years ago
Which of the following statements is true regarding variable costing?Multiple Choice
pentagon [3]

Answer:

a

Explanation:

8 0
3 years ago
Read 2 more answers
Other variable costs per unit subtracted from total cogs per unit equals ________ per unit. contribution margin operating margin
Anastasy [175]

Other variable costs per unit subtracted from total COGS per unit equals contribution margin per unit.

Variable costs are expenses that vary in relation to production output or sales.

Variable costs play an important role in determining a product's contribution margin, which is used to calculate a company's break-even or target profit level.

Variable costs are a direct input in the calculation of contribution margin, which is the number of proceeds collected after deducting variable costs from sale proceeds.

Every dollar of contribution margin goes directly toward covering fixed costs; once all fixed costs are covered, every dollar of contribution margin goes toward profit.

As a result, variable costs are a necessary item for businesses attempting to determine their break-even point.

Hence, contribution margin per unit is the answer.

Learn more about contribution margin:

brainly.com/question/17030629

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6 0
1 year ago
T/F If firms from country A undertake $20 billion of FDI in firms from country B in year 1, and another $20 billion in year 2, t
pogonyaev

Answer: False

Explanation:

In both the first and second years, firms in country A undertook FDI projects of $20 billion in country B. This means that Country A had FDI outflows of $20 billion in those two years not inflows. Inflows are what happens when the FDI is coming into the country.

Country B on the other hand, was receiving money from country A. Country B therefore had FDI inflows of $20 billion in each of the two years and not outflows like Country A had.

4 0
3 years ago
Aggregate demand is everything produced while simple demand is one good. which statement reflects aggregate demand?
tester [92]

Answer:

C. calculating the total output for Portugal

Explanation:

  • Aggregate demand can be thought as the total amount of products that are demanded by individuals in an economy, in a certain period of time.
  • It is a way of measuring the total output of goods demanded in a territory, periodically.
  • Because in equilibria, aggregate demand must equal aggregate supply, thinking about total output (produced and demanded) is correct.
  • Because <u>it has to do with all the goods that are demanded,</u> options A and B are not suitable.
4 0
4 years ago
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