Answer:
latter, latter
Explanation:
Property rights system determine how economic resources are used and owned by individuals, associations, collectives, or governments.
It also includes intellectual property such as inventions or ideas.
Such rights reduce destructive competition for control of economic resources. and replace this competition by peaceful means.
In a system where people are allowed to keep one-third of the monetary rewards of their labor with a system in which they keep two-thirds, we should expect more entrepreneurship under the <u>latter</u> system and faster real economic growth under the <u>latter</u> system.
Answer:
Effect on income= $10,290 increase
Explanation:
Giving the following information:
Falcon can handle the special order, and for this order, a variable selling cost of <u>$2 per unit would be eliminated.</u>
<u>Because it is a special order that would not affect current sales, we won't take into consideration the fixed costs.</u>
<u></u>
<u>To calculate the effect on income, we need to use the following formula:</u>
Effect on income= Number of units sold*unitary contribution margin
Effect on income= 1,470*(21 - 14)
Effect on income= $10,290 increase
Answer:
Before starting her import business, Elena should try to gather relevant information from companies that import goods, and if possible information about companies that import African goods.
Explanation:
Elena might be right about American consumers liking African products, but if importing those goods is too difficult, or is subject to several trade barriers, or some other issues, then Elena might have to reconsider her idea. Sometimes no matter how good a business idea is, if it is impractical to carry out, then t is useless.
Answer:
1. D
2. A
3. C
4. B
Explanation:
Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services.
In sales and marketing, pricing of products is considered to be an essential element of a business firm's marketing mix because place, promotion and product largely depends on it.
In Accounting, costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.
The various types of cost variance components and their definition includes the following;
1. Standard price: the expected price
2. Actual quantity: the input used to manufacture the quantity of output
3. Actual price: the amount paid to acquire input
4. Standard quantity: the expected input for the quantity of output
Answer:
a.political corruption
Explanation:
This a nepotism form of political corruption. It is naming a close relative over the common people. It is using his power for illegitimate private gain.
This "inspection" creates no value to the economy and neither protects the windows from breaking.
Tammy is creating a fee to pay for his nephew office.
The real motivation is to extract funds from the taxpersons to her own personal benefit. This is an act of corruption.
