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zimovet [89]
3 years ago
10

Pure economic rent is:

Business
1 answer:
shutvik [7]3 years ago
8 0

Answer:

A. The payment to factors whose supply is perfectly inelastic.

Explanation:

This means that this factor of production need to be purchase regardless of the price change, otherwise the business operation couldn't continue.

One example of a pure economic rent is the cost of latex for rubber glove manufacturer. Since latex is the main ingredients for the product, that company still have to buy it even if the price of the latex is increasing (inelastic) . Otherwise, the company need to shut down its operation.

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The Durham-Mills Self-Administering Test of Mental Ability was the first group-administered mental ability test to have widespre
forsale [732]

Answer:

False

Explanation:

The Otis Self-Administering Test of Mental Ability was the first group-administered mental ability test to have widespread use in industry.

This test was first developed in 1922 by Arthur Otis. It was first designed to measure students' general school abilities. Otis's first tests were designed for the Army in 1917 and were known as the Alpha tests (for those who could read) and the Beta tests (for those who couldn't read).

7 0
3 years ago
What seems to be the main source of conflict between supervisors and the HR department at Sands Corporation? Explain.
Cloud [144]

Answer:

The main source of conflict that occured between the supervisors and the HR departments at Sand Corporation was the division of power that occurred between the Supervisors and the HR departments

Explanation:

The main source of conflict between the supervisors and the HR departments at Sand Corporation was the division of power that occurred between the Supervisors and the HR departments reason been that the supervisors feel that the power and authority that should have been with them or vested on them for hiring, compensation, appraisal, as well as training and pay increases has been appropriated and carried out by the HR departments.

WHILE the HR managers or HR departments on the other hand want to keep the authority to themselves because they believed and known that authority is a source of power.

4 0
3 years ago
Royal Technology Company uses a job order cost system. The following data summarize the operations related to production for Mar
torisob [31]

Answer:

To Determine

Job order costing

Job order cost system provides a separate record of each particular quantity of product that passes through the factory. Each quantity that is manufactured in the business is known as job. Job order costing is used when the product produced are significantly different from each other.

To record: the journal entry to record all the summarized operations.

View image for journalized entry.

5 0
3 years ago
James Bright's company seeks markets all over the world and attempts to sell products that are a result of planned production fo
drek231 [11]

Answer: (D)  International marketing

Explanation:

 The international marketing is the process of satisfying the actual needs and the requirement of the different types of people inside and also outside the national borders.

The following are the various types of international marketing benefits are:

  • We can use the global web strategy
  • Direct investment
  • Export the various types of products and the services easily

 According to the given question, the international marketing is one of the stage which best characterized the Mr.Bright company in the market. Therefore, Option (D) is correct.

4 0
3 years ago
A june sales forecast projects that 6,000 units are going to be sold at a price of $10.50 per unit. the desired ending inventory
ohaa [14]
Purchases = Sales units + Closing inventory - Beginning Inventory
                  = 6,000 + (1,000 * 115%) - 1,000
                  = 6,150 units
7 0
3 years ago
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