Answer:
Entrepreneurs bear the risk of business decisions
Explanation:
There are four factors of production: land , labour, capital and entrepreneurship.
An entrepreneur combines all the factors of production. An entrepreneur earns profit. An entrepreneur bears the risk of the business.
Land includes all natural resources used in the production process. Land earns rent
Labour is all human effort used in the production process. Labour earns wages.
Capital are all goods used in the production process that is acquired with money. Capital earns interest.
I hope my answer helps you.
Answer:
creates wealth by moving the phone from lower value use to higher value use.
Explanation:
Wealth creation is maximised when an item is of greater value to the user. When the old phone is recycled, it has a higher value to the company.
The company will refurbish the phone and sell to a new user who will maximise it's use.
So this action creates wealth by prolonging the useful life of the old phone.
If the user had discarded the phone he would have destroyed wealth because the usefulness of the phone would have been wasted.
The range available for negotiation is the difference between the sticker price and the INVOICE PRICE.
The sticker price refers to the amount of money that a seller attached to a product he wants to sell. The invoice price refers to the price that a company pay to its wholesaler dealer for an item, that is, it is the actual cost of a product. During negotiation, the lowest price that a seller can sell for is the invoice price.<span />
Answer:
Attraction Corporation produces specially machined parts. The parts are produced in batches in one continuous manufacturing process. Each part is custom produced and requires special engineering design activity (based on customer specifications). Once the design is completed, the equipment can be set up for batch production. Once the batch is completed, a sample is taken and inspected to see if the parts are within the tolerances allowed. Thus, the manufacturing process has four activities: engineering, setups, machining, and inspecting. In addition, there is a sustaining process with two activities: providing utilities (plantwide) and providing space. Costs have been assigned to each activity using direct tracing and resource drivers:
Explanation:
Answer: Foreign neutrality
Explanation:
According to the given scenario, the Foreign neutrality tax policy is one of the concept that is specifically used by the Toyota motor company for operating various types of functions and operations in the environment.
The neutrality is basically used to create the various types of incentives in an organization and support the foreign taxation process and the foreign neutrality is one of the tax policy that is used for paying taxes across countries with different types of rates.
Therefore, Foreign neutrality is the correct answer.
