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Len [333]
3 years ago
12

Challenges encountered in satisfaction of human wants​

Business
1 answer:
bearhunter [10]3 years ago
8 0

Explanation:

They are unlimited/many. Human needs are never restricted, they are infinite and keeps on changing because of various factors. ...

Scarce resources to satisfy them. ...

are recurrent/felt again and again. ...

some are complimentary. ...

change with time age and gender.

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Berkshire Inc. had revenues of $379,000 in its first year of operations. The company has not collected on $45,900 of its sales a
amid [387]

Answer:

$235,010

Explanation:

The computation of the net income for the year is shown below:

Receipt:  

Cash from customer ($379,000 - $45,900) $333,100

Investment in business  $46,000

Borrowed money on notes $21,000

Total Receipts (A) $400,100

Disbursement:  

Payment to vendor ($160,000 - $38,500) $121,500

Salary paid in cash       $33,200

Interest paid in cash   $1,890

Insurance policy purchased for cash $8,500

Total Disbursement (B) $165,090

Cash balance at the end (A - B) $235,010

The same is to be considered as a net income

All options that are given in the question is wrong

7 0
3 years ago
Patti volunteered to cover the balance of a​ coworker's shift so that he could pick up his sick child from day care. this is an
Alex73 [517]
Patti volunteered to cover the balance of a​ coworker's shift so that he could pick up his sick child from day care. this is an example of​ organizational citizenship (OCB). OCB stands for <span>person's voluntary commitment within an </span>organization <span>outside her contractual tasks. The father of OCB is Dennis Organ. He defined the term in 1988.</span>
7 0
3 years ago
The basic difference between a good and a service is that a good:
alexgriva [62]

Answer:

The correct answer is letter "B": can be physically touched.

Explanation:

Goods are those <em>material </em>assets that satisfy consumers' needs. Services are also provided to fulfill individuals' wants but they are <em>intangible</em>, meaning even if goods can be rendered from one person to another, services cannot be touched or perceived with the senses. The creation of goods and services to cover different types of necessities is what drives countries' economies.

6 0
3 years ago
What happens when a single seller market develops into a competitive market?
Luden [163]

Answer:

Introduce new or better products to existing markets. Continue development on your existing products, like your bestsellers, in order to renew your commitment to current customers to the best of your abilities. Through product development, you can expect to outperform competitors and keep your customers happy. Explore Partnership Opportunities

6 0
3 years ago
In Macroland, autonomous consumption equals 100, the marginal propensity to consume equals 0.75, net taxes are fixed at 40, plan
alina1380 [7]

Answer:

B) 1,160.

Explanation:

First we must calculate planned aggregate expenditures (PAE) and then determine where Y = PAE:

PAE = consumption + planned investment + government spending + net exports = 100  + 0.75(Y - 40) + 50 + 150 +20 = 100 + 0.75Y - 30 + 50 + 150 + 20 = 290 + 0.75Y

Now we must determine where Y and PAE intercept:

Y = 290 + 0.75Y

Y - 0.75Y = 290

0.25Y = 290

Y = 290 / 0.25 = 1,160

*Planned aggregate expenditure = total planned spending, it differs from GDP because GDP includes unplanned investment.

PAE = C + Ip + G + NX   while  GDP = C + I + G + NX

5 0
3 years ago
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