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lakkis [162]
3 years ago
14

The makings of a good currency Instead of using money, people could simply barter one good for another. Which of the following i

s true of this type of exchange?
A. It lowers the transaction cost of exchange.
B. It requires a double coincidence of wants.
C. It enables people to get more of the goods they want in exchange for the goods they have.
Business
1 answer:
Vsevolod [243]3 years ago
4 0

Answer: B. It requires a double coincidence of wants.

Explanation:

Barter trading works by exchanging a good or service with another person who then gives you another good or service. For this to work both parties need to want the goods they are exchanging. This is called a ''double coincidence of wants''.

Barter trading cannot happen without it because if for instance you have a good or service that the other party does not want, they will not trade. For instance, you want to trade a cow for building materials but the man selling the building materials wants 3 sheep instead and so will not trade.

It makes this system very inefficient and cumbersome.

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A factory produces gadgets that have two key parts. The factory can employ workers to attach those parts, or it can employ robot
Aleksandr [31]

Answer:

Substitutes

Explanation: A Substitute is a term used to describe a replacement for another,it is used to describe two or more items or materials or things that perform similar Activities and roles.

BOTH THE HUMAN WORKERS AND ROBOTS CAN BOTH BE ENGAGED TO ATTACH THE PARTS,WHICH MEANS IN THE ABSENCE OF ONE THE OTHER CAN CARRY OUT THE RESPONSIBILITY OF THAT ONE.

6 0
3 years ago
Job cost sheets contain entries for actual direct material, actual direct labor, and actual manufacturing overhead cost incurred
adelina 88 [10]

Answer:

True

Explanation:

A cost sheet is a statement that contains all the cost incurred on a cost unit or a cost centre. A  typical cost sheet will accumulate all the direct and indirect material consumed in the production of a product. Also included in the cost sheet is direct labor incurred in the making of a product including allocated overhead. With this, the margin on a product can be observed from a cost sheet.

7 0
3 years ago
Lesley Torres is a project manager for the campaign​ "Action against Deforestation in​ Indonesia." She recently faced a glitch w
andrew11 [14]

Answer: (A) Controlling

Explanation:

According to the given question, Lesley Torres is the project manager in an organization and she organized a campaign against the deforestation in the Indonesia.

She performing the controlling function by managing all the schedules and also implementing the given process.

The controlling is one of the main function in the management as it ensure all the activities performed accurately and also helps in planning all the activities in an organization. It basically helps in meet the desirable goals of the company by setting a standard performance.

 Therefore, Option (A) is correct answer.

 

8 0
3 years ago
When janice went to work as a hair stylist in rick's beauty shop, she entered into an agreement with rick whereby if she left sh
ASHA 777 [7]

<span>The question is incomplete, here is the complete question which I previously came across;</span>

When Janice went to work as a hair stylist in Rick's beauty shop, she entered into an agreement with Rick, whereby, if she left she would not work for another beauty shop within 50 miles for 2 years. Rick trained Janice in a number of new techniques. After nine months, Janice was offered a great job down the street at a new beauty shop, quit Rick, and had a number of customers follow her down the street to her new job. Rick claimed that she had signed a contract and had no right to go to work at the new shop. Janice disagreed and told Rick that no judge in the country would enforce such an agreement. Janice told Rick that she was more worried about a customer, Treena, who was threatening to sue her because her hair turned green after Janice worked on it. Janice agreed that Treena's hair was damaged. Janice pointed out, however, that she told Treena that odd results could result from a dye attempt, and she required that Treena sign a contract releasing Janice from all liabilities before she did anything with Treena's hair. Treena, however, sued anyway. The agreement Rick and Janice entered into is referred to as?


The answer is, the agreement Rick and Janice entered into is referred to as "<span>covenant not to compete".</span>

<span>
</span>

It is hard to decide if a judge will implement a non-competition agreement. While the privileged insights of a business are important, the law additionally puts value to a person's opportunity to seek after other work. To be enforceable Courts more often than not require that a contract not to compete be sensible. In California, non-competes are adequately unlawful except if you are selling a business. Different states will implement a few provisions, as a rule the trade secret protection, however not the work limitations.

3 0
3 years ago
As a general rule, a profit-maximizing restaurant owner employs each factor of production up to the point at which the value of
Juliette [100K]

Answer:

A. last; equal to

Explanation:

Marginal product of labour is the change in total output as a result of a change in quantity of labour employed.

A profit maximising firm would produce up to a point where the marginal product of last factor enjoyed in equal to the factor's price.

The marginal cost of Labour should equal to the marginal product of labour

4 0
3 years ago
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