Answer:
Date Account Title Debit Credit
April Factory Overhead $16,720
Indirect materials $10,500
Wages payable $4,000
Utilities payable $ 500
Accumulated Depreciation $ 620
Small tools $ 370
Equipment rental $ 730
The correct answer is DEFINE THE COMPANY' CORPORATE MISSION AND MAJOR CORPORATE GOALS.
According to Hill and Schilling, there are five important steps in a formal strategic management process,these are:
1. Select the corporate mission and major corporate goals.
2. Analyse the company's external competitive environment to identify opportunities and threats.
3. Analyse the company's internal environment to analyse its strengths and weaknesses.
4. Select strategies that build on the organisation's strengths and reduce its weaknesses.
5. Implement the strategies.
Answer:
The options chosen are:
B. the tragedy of the commons;
C. incentive to conserve the property;
E. incentive to protect the property.
Explanation:
<em> B. The tragedy of the commons- </em>Open-access regimes can be exploited on a first-come, first-served basis, because no individual or group has the legal power to restrict access. The consequences of open access have become popularly known as what Hardin (1968) misleadingly called ‘the Tragedy of the Commons.’
<em>C. incentive to conserve the property:</em> In addition, clearly defining and assigning property rights should resolve environmental problems by internalising externalities and relying on incentives for private owners to conserve resources for the future.
<em>E.</em> The Incentive to protect the property -<em> </em><em>The incentives associated with private property rights can help conserve scarce resources: Private ownership entails penalties for premature harvesting or over-harvesting of resources. Private ownership rewards community and individual cooperation. Private ownership rewards conservation and stewardship behaviour.</em>
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Answer:
The correct answer is number "3": maximize the joint welfare, irrespective of the right of ownership.
Explanation:
Externalities are the side effects of the economy: pollution, noise, unequal distribution, immigration, and resource exploitation are a few examples. the Coase Theorem is a legal and economic theory that looks for economic efficiency in front of externalities like the one described above. In pursuing a Coase solution for externalities that could lead to a socially efficient outcome, increasing the numbers of welfare so enough less favored people and immigrants can have a roof to sleep under might be a good option.
Answer:
I don't even know maybe A