<span>A bonded warehouse, or bond, is a building or other secured area in which dutiable goods may be stored, manipulated, or undergo manufacturing operations without payment of duty. It may be managed by the state or by private enterprise.
Wikipedia Definition</span>
Answer:
The correct answer is E. Individuals decide to use scarce resources in an attempt to satisfy their unlimited wants
Explanation:
Economics is a social science that studies how to manage the resources available to meet human needs. In addition, it also studies the behavior and actions of human beings.
Since the planet's resources are scarce and unfortunately, not everyone can dispose of everything, we are forced to manage those assets to get what we need. Economic science involves the decision making of individuals, organizations and states to allocate these scarce resources.
The economy also focuses on the behavior of individuals, their interaction with certain events and the effect they produce on their environment. For example, the effect they produce on prices, production, wealth or consumption, among others. It is a social science because it studies human activity and behavior, which is a highly dynamic object of study. Humans are unpredictable.
Answer:
$10,600
Explanation:
The total amount that the students will pay will be the total of monthly installments plus the deposit
Deposit =$1000
total monthly installments = $200 x 48 = $9600
The total amount he will pay = $ 9600 +$1000
=$10,600
Answer:
D. the supplier will make a profit that would no longer belong to the business
Explanation:
A make or buy decision can be defined as a strategic approach pertaining to making the choice to either produce (manufacture) a product in-house (internally) or purchasing the product from an external supplier. Thus, the make component typically deals with producing the product internally while the buy component strictly has to do with outsourcing or purchasing from an external supplier.
Some of the factors to be considered in a make or buy decision are;
I. Cost savings.
II. Quality issues with the supplier.
III. Future growth in the plant and other production opportunities.
Hence, all of the aforementioned should be considered in a make or buy decision except whether the supplier will make a profit that would no longer belong to the business.
