All categories

3 years ago

What collective name do we refer to: natural resources, labor, capital, education or know-how?

Business

1 answer:

pshichka [43]3 years ago

3 0

Answer:

Factors of production

Explanation:

The general name is factors of production. They are also the 'inputs' in the production process.

The factors of production are combined or put together for the productions of goods and services to happen. The four factors include land, which represents the natural resources in this case.

Land refers to the space used to set up a business, and fertile lands used for agriculture, minerals, oil and gas, forest, and other natural resources.

Labor is the human input in production. It involves workers' knowledge, skills, strength, and time spent on the production process.

Capital is the money and assets used to start and maintain the business operation. It includes plant and machinery, equipment, building, factories used in making products for sale.

Know-how refers to entrepreneurship. It is the skills, willingness, and ability to put together and manage the other factors to produce goods.

You might be interested in

Lin Wai's company, New Home Builders Corp., specializes in designing homes that have wide hallways and walk-in showers that coul

love history [14]

Answer:

strengths

Explanation:

A SWOT analysis includes strengths, weaknesses, opportunities and threats:

strengths: analyses what does your company do well and distinguish it from the competition.
weaknesses: analyses what are your company's weak spots and what does your competition do better than you.
opportunities: new situations that can favor your company.
threats: situations that can negatively affect your company.

8 0

3 years ago

Ted's Manufacturing makes two products, B and C. They each take 2 direct labor hours and 2 machine hours to produce. A batch of

Delvig [45]

Answer:

Explanation:

Based on the scenario being described within the question it can be said that the statement that is most likely true is that the product cost of product B will be higher under ABC than under traditional costing. This is because Activity-based costing (ABC) bases their overhead costs on the actual consumption by each while traditional costs overhead is applied based on the amount of machine hours consumed. Therefore since product B is characterized as having lots of consumption then it's product cost will be higher under ABC costing.

3 0

3 years ago

Under which circumstances must an employer provide a guardrail?

Arada [10]

Answer:

A, B and D

Explanation:

Under OSHA laws, employers must provide a safe workplace for the employees. All the danger areas must be indicated with either painting or signage. Using guard rails is an excellent way of demarcating danger zones. They keep employees away from dangerous spots. In this case, an employer should use guard rails in the following circumstances.

1.Around every floor hole into which a worker can accidentally walk. The guard rails will form a barrier that will prevent accidental falls into the hole.

2.Around every open-sided platform, floor, or runaway that is 4 feet or higher off the ground or next level. The guard rails form a wall that prevents employees in raised levels from falling to the ground.

3. Regardless of height, if a worker can fall into dangerous machines or equipment. In case of an incident, the guard rails will stop an employee from falling into dangerous machines or equipment.

8 0

3 years ago

Carlita began 2014 with a taxes payable account balance of $3,000. On December 31, 2014, its taxes payable account balance is $7

aleksandr82 [10.1K]

Answer:

$2,000

Explanation:

The computation of the amount pay to the tax authorities during the year is shown below;

Let us assume the accrued payment be $6,000

Let us assume the amount pay to the tax authorities be X

Beginning Taxes payable account balance + Accrued payment - X = Ending taxes payable account balance

$3,000 + $6,000 - X = $7,000

$9,000 - X = $7,000

So, the X is

= $9,000 - $7,000

= $2,000

hence, the amount pay to the tax authorities is $2,000

4 0

3 years ago

Which of the following statements is true?

VashaNatasha [74]

Answer:

B. Mass communication has cost advantages for firms in consumer goods industries that are trying to sell to a large segment of the market.

5 0

3 years ago