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3 years ago

Match each term with the correct definition.

Business

1 answer:

yaroslaw [1]3 years ago

7 0

Answer:

1. Market.

2. Private property.

3. Competition.

4. Freedom of enterprise.

5. Self-interest.

6. Mutually agreeable.

7. Freedom of choice.

Explanation:

A. Market: An institution that brings buyers and sellers together.

B. Private property: the right of private persons and firms to obtain, control, employ, dispose of, and bequeath land, capital, and other property.

C. Competition: The presence in a market of independent buyers and sellers who compete with one another and who are free to enter and exit the market as they each see fit.

D. Freedom of enterprise: The freedom of firms to obtain economic resources, decide what products to produce with those resources, and sell those products in markets of their choice.

E. Self-interest: What each individual or firm believes is best for itself and seeks to obtain.

F. Mutually agreeable: Economic transactions willingly undertaken by both the buyer and the seller because each feels that the transaction will make him or her better off.

G. Freedom of choice: The freedom of resource owners to dispose of their resources as they think best; of workers to enter any line of work for which they are qualified; and of consumers to spend their incomes in whatever way they feel is most appropriate.

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A company uses sugar in producing its product. If the price of sugar doubles, which variance is directly impacted?A) Direct mate

Nastasia [14]

Answer:

B) Direct materials price variance

Explanation:

Company uses sugar while producing a product, that means it is a direct material for the product, further provided that cost gets doubled of buying a unit of sugar, that is actual rate is now twice of earlier rate.

Therefore since only direct material price variance uses actual rate it will be affected.

Direct Material Price Variance = (Standard Price - Actual Price) $\times$ Actual quantity.

Else labor variance does not use direct material price, therefore option C) and option D) are invalid further direct material quantity variance uses standard rate and no actual rate is used.

Therefore correct option is

D) Direct Material Price Variance

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4 years ago

Assume that the following data describe the condition of the banking system: Total reserves $100 billion Transactions deposits $

gogolik [260]

Answer:

12.5%

Explanation:

The computation of the reserve requirement is shown below:

We know that

Total reserves = New reserve requirement × transaction deposits

$100 billion = New reserve requirement × $800 billion

So, the New reserve requirement would be

= $100 billion ÷ $800 billion

= 0.125 or 12.5%

All other information which is given is not relevant. Hence, ignored it

8 0

3 years ago

Are the stages of product life cycle more important for a business to focus on the introduction stage or the growth stage of a p

ozzi

Product life cycle is important for a business to focus on the introduction stage then the growth stage because the products to gain distribution as the product is initially new in the market. The quality of product is not assured and the price of the product will also determine as low or high.

Explanation:

The cost is going to be on a higher side.
The sales will be slow since there is no awareness of the product.
There might be little or no competition in the market.
You make very little money of the product sold.
Customer are to prompted to take initiate into the product.
Demand has to be created.
Marketing cost at the highest level because of recognition.
Profit is received from product is very minimal.
First impression is the last impression that impression is created
In the introduction of the product.

4 0

3 years ago

A+b-c =170 B+c-A= 130 <br>solve

balu736 [363]

The correct answer is A = 110, B= 40, C=20..

<u>Explanation</u>

If A+B-C= 170 and B+C-A=130 ,

=C+A = 130

or, C= 130- A

Again, A+B-C =170

or, A+B =170+C

A+B = 170+130-A ( c=130-A)

A+B = 300-A

2A+B = 300

A+B= 300/2

A+B = 150

A+B-C= 170

A+B = 170+C

150 = 170 +C ( A+B = 150)

or, C = 20..............................(1.)

A+C =130

or,A+ 20= 130 ( A=110).....................(2)

A+B = 150

110+B= 150

B = 150-110

B= 40..........................................(3)

Therefore, A = 110, B= 40, C=20..

8 0

4 years ago

1. Tells whether a company can pay all its current liabilities if they become due immediately 2. Measures a company's success in

kirill [66]

Answer: Incomplete question.

Match the following terms to there definition.

Explanation:

1. Tells whether a company can pay all its current liabilities if they become due immediately - Quick Ratio

2. Measures a company's success in using assets to earn income - Return on Assets

3. The practice of comparing a company with other companies that are similar - Benchmarking

4. Indicates how rapidly inventory is sold - Inventory turnover

5. Shows the proportion of a company's assets that is financed with debt - Debit Ratio

6. Tells the percentage of a stock's market value that the company returns to stockholders annually as dividends - Dividend Yield

7. Measures a business's ability to pay interest on its debt - Interest coverage ratio

8. Measures a company's ability to collect cash from credit customers -

Account Receivable Turnover

3 0

3 years ago