Answer:
Option D Ernie should hire temporary employees because he can let them go once the holiday season is over.
Explanation:
Option D. The reason is that this option possesses the least risk that the company will loose money and with higher return opportunity associated with it that it make money during the holiday season.
Option A. If company hires permanent workers then the company will have to pay them irrespective of the production so their is a higher risk with a greater return opportunity to meet demands.
Option B. Remember that the money doesn't keeps the employee motivated for a long duration. It objects the employee to leave the company because the employee is a key resource to the organization. So productivity cannot increase significantly to meet demand by increasing pay and the company will have to pay the remaining months the same pay which is meaningless to loose money instead of making money.
Option C is totally incorrect because if the company keeps its store closed it is making fewer sales and giving an edge to build relation with its existing customers . So again its risky proposal.
Option E is also incorrect because setting high prices without any differentiation in the product will result in fewer sales target achievements. So it is again riskier proposal.
Answer:
1. Debit Revenue: $600
Credit Account receivable: $600
2. Debit Merchandise: $350
Credit Cost of good sold: $350
Explanation:
On March 12, when sold merchandise to Babson Company, Klien Company must record their revenue and cost of the marchandise by 2 entries:
1. Debit Account receivable: $7,800
Credit Revenue: $7,800
2. Debit Cost of good sold: $4,500
Credit Merchandise: $4,500
On March 15, when received return marchandise, Klein must record to reduce their revenue and cost of good sale by 2 entries as the answer. This is matching concept in accounting.
It is false that Friedrich hayek advocated for the concepts of laissez-faire economic thought and free.
<h3>What is Hayek theory?</h3>
Hayek theory is on interest rate and how it is an important determinant in economy especially investors.
Savers and investors are very much interested in interest rate as the higher rate the better for them through time. Laissez-faire believes in allowing things to unfold itself without interfering.
Therefore, It is false that Friedrich hayek advocated for the concepts of laissez-faire economic thought and free.
Learn more Hayek theory below
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Answer:
Social responsibility of business implies that corporate managers must promote the interests of all stakeholders not merely of shareholders who happen to be the so called owners of the business enterprises.
Explanation:
hope it helps you
Answer:
b. promote economic growth
Explanation:
Economic growth refers to a rise in a nation's per capita income which is accomplished by a rise in the national output and increase in the Gross Domestic Product (GDP).
Economic development on the other hand is accomplished when a nation's GDP rise is accompanied by a rise in the standard of living of it's people.
A rise in the standard of living of the people is directly related with rise in the per capita income since, per capita income is a measure depicting average income earned by a person in a region.
Thus, in order to raise the standard of living of it's people, a nation should promote economic growth.
