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3 years ago

4. What is another name for a command economy?

Business

1 answer:

USPshnik [31]3 years ago

5 0

Answer:

planned economy

Also known as a planned economy, command economies have as their central tenet that government central planners own or control the means of production within a

Explanation:

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The opportunity cost of an action: Group of answer choices can be determined by considering both the benefits that flow from as

joja [24]

Answer:

The action of opportunity cost is that is the subjective measurement which could be determined only through the individual, who selects the action.

Explanation:

Opportunity cost is the cost or an expense or the value of the next best possible thing which the person or an individual gave up whenever make or take a decision.

In short, it is the loss of the gain that is potential from the other alternatives which are available when an individual or person selects the alternative.

Therefore, the action of the opportunity cost is the cost which is the subjective measure, that could be determined only through individual, who selects the action.

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3 years ago

How does a market economy answer the three economic questions?

love history [14]

Answer:

A market economy answers the three economic questions by allocating resources and goods through markets, where prices are generated.

There are two extremes of how these questions get answered. In command economies, decisions about both allocation of resources and allocation of production and consumption are decided by the government. In market economies, there is private ownership of resources—established though property rights—and the factors of production and consumption are all coordinated through markets. In a market system, resources are allocated to their most productive use through prices that are determined in markets. These prices act as a signal for buyers and sellers. Most economies are mixed economies that lie between these two extremes.

In either system, a rational agent would allocate resources and production using marginal analysis. In command economies, this is more difficult to do because without markets, prices fail at being an effective signal.

Explanation:

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2 years ago

Some managers use _____, which provides four indicators with which organizations can set goals and measure performance.

DerKrebs [107]

Answer:

balanced scorecard

Explanation:

The term that is being mentioned in this question is known as a balanced scorecard. This is a strategic management performance metric that is used to measure and provide feedback to a company's management by identifying and improving different internal business functions and their outcomes, usually in regards to the employees themselves. An example of a balanced scorecard can be seen in the attached photo.

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4 years ago

The following data is from the Ace Guitar Company for the A and B regions.

Marina CMI [18]

Answer:

Ace Guitar Company

The service departments' expenses proportional to the sales of each region are as follows:

A Region = $216,580

B Region = $116,620

Explanation:

a) Data and Calculations:

A Region B Region Total

Sales $773,500 $416,500 $1,190,000

Cost of goods sold 293,900 158,300 452,200

Selling expenses 185,600 100,000 285,600

Service department expenses

Purchasing $199,900

Payroll accounting 133,300

Total $333,200

A Region = $216,580 ($773,500 / $1,190,000 * $333,200)

B Region = $116,620 ($416,500 / $1,190,000 * $333,200)

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3 years ago

"If a foreign government wishes to stabilize its currency because it has been falling against the U.S. Dollar, the government wo

morpeh [17]

what's the question? is it the quote?

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4 years ago