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Arte-miy333 [17]
3 years ago
11

The idea that the mission of business is to produce goods and services at a profit, thus maximizing its contribution to society

is associated with Group of answer choices Adam Smith. Archie Carroll. Jack Ma. Noel Biderman Milton Friedman.
Business
1 answer:
lara31 [8.8K]3 years ago
3 0

Answer:

Milton Friedman.

Explanation:

Milton Friedman is an American economist born on the 31st of July, 1912 in New York, United States of America. Milton is a Nobel laureate for his notable work on monetary history and theory, consumption analysis and the complexity of stabilization policy.

The idea that the mission of business is to produce goods and services at a profit, thus maximizing its contribution to society is associated with Milton Friedman.

This ultimately implies that, most business firms have a mission of producing goods and services that meets the need or requirements of the consumer, as well as generating profit to the business firm.

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Definition of net worth ?
Luda [366]

Answer:

Net worth is the measure of the wealth of an entity, person, or corporation, as well as sectors and countries. Simply, net worth is defined as the difference between assets and liabilities. It is an important metric to gauge a company's health and it provides a snapshot of the firm's current financial position.

8 0
4 years ago
Read 2 more answers
Bulluck Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or Rate Direct m
Anastaziya [24]

Answer:

Efficiency variance  = $851 favorable

Explanation:

<em>Variable overhead efficiency variance: A variance is the difference between a standard cost and the actual cost. Variable overhead efficiency variance aims to determine whether or not their exist savings or extra cost incurred on variable overhead as a result of workers being faster or slower that expected. </em>

<em>Since the variable overhead is charged using labour hours, any amount by which the actual labour hours differ from the standard allowable hours would result in a variance</em>

To calculate this variance, we do as follows:

                                                                                                 Hours

4,700 should have taken(4,700 × 0.70 hrs)                         3,290

but did take (i.e actual hours) 480                                      <u>    3,060</u>

Efficiency variance in hours 70 unfavorable                           230 favourable

Standard variable overhead rate                                       <u>× $3.70</u>

Efficiency variance            <em>                                                    </em><u><em>  851 </em></u>

Efficiency variance  = $851 favorable

<em>    </em>

<em />

7 0
3 years ago
A project called the _____________ is digitizing some of the 7,000 human embryos lost in miscarriages, which have been kept by t
Neko [114]
The appropriate response is Virtual Human Embryo. The general objective of the Virtual Human Embryo (VHE) venture is to expand comprehension of human embryology and to support the investigation of human embryonic improvement by furnishing understudies and analysts with dependable assets for human developing life morphology.
7 0
3 years ago
The total cost of ownership (TCO) is an estimate of the cost of an item that includes all the costs related to the procurement a
Rus_ich [418]

Answer:

False.

Explanation:

The total cost of ownership can be defined as the acquisition cost of an asset and the cost of it's operation. It takes into account the total value of the asset. Before making a decision on the asset one wants to purchase, the total cost of ownership should be assessed. Most buyers make the mistake of only considering the purchase cost of an item without considering other operational and maintenance cost over the items useful life. For example, one might decide to pick a cheap alternative based on it's low purchase cost and later realize very hefty operation and maintenance cost. It is therefor prudent for buyers to consider not only the short-term cost which is the price but also the long-term cost that will be incurred over the item's useful life.

Most companies in business that want to purchase an equipment usually consider the total cost of ownership to determine the best alternative in terms of long-term value. By doing a total cost of ownership analysis, the company tends to have a holistic view of all the direct and indirect costs.

5 0
4 years ago
Arocare International, a general hospital, converts its cancer unit into a new hospital called Miracle. Arocare then issues stoc
Angelina_Jolie [31]

Answer:

D. a carve-out

Explanation:

According to my research on different business strategies, I can say that based on the information provided within the question this scenario exemplifies a carve-out. This term refers to when a company diversifies a business unit in order for the parent company to sell a minority interest of that specific child company to outside investors in order to raise funds. Which like mentioned in the question is exactly what Arocare International is doing with it's child company - Miracle hospital unit.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
3 years ago
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