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2 years ago

In a economy, the government owns the means of production.

Business

1 answer:

Daniel [21]2 years ago

5 0

Answer:

(a) Command

Explanation:

A command economy is also known as planned economy and it can be defined as a type of economy in which the government owns and control the means of production.

This ultimately implies that, in a command economy, the government owns the means of production.

Societies that operate a command economy generally practices communism.

Communism is a system of philosophical, political, social organization and economical ideologies that advocates the elimination of private property but a profit-based economy with public ownership of the means of production.

It ultimately aims to ensure each person contributes and receives according to their abilities and needs.

Vietnam, China and Cuba are examples of communist countries that operate a command economy.

In conclusion, a command economy requires that the method of exchange, distribution, as well as the means of production of goods and services and allocation of resources for production should be controlled or regulated by the public (government) rather than the private sector.

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Six-membered cyclic hemiacetals and five-membered cyclic hemiacetals are called, respectively, ________. six-membered cyclic hem

cestrela7 [59]

Six-membered cyclic hemiacetals and five-membered cyclic hemiacetals are called, respectively, <u>none of the above</u>.

<u>Explanation:</u>

Pyranoses and furanoses are the terms used to mention the six-membered cyclic hemiacetals and five-membered cyclic hemiacetals respectively.

Pyranose is a saccharide having a chemical structure that includes a six-membered ring. One oxygen atom and five carbon atoms are present in the six-membered ring. The external part of the ring may have some carbons.

The carbohydrates having a chemical structure with a five-membered ring system is known as furanoses. One oxygen atom and four carbon atoms and are present in the five-membered ring system. There is no chance of double bonds in the furanose ring.

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3 years ago

Grear Tire Company has produced a new tire with an estimated mean lifetime mileage of 36,500 miles. Management also believes tha

gladu [14]

Answer:

1. The expected cost of production for each tire sold is $0.013 per tire.

2. Probability that Grear will refund more than $50 for a tire is 0.0107

Explanation;

1. Mileage is 36,500 miles

Standard deviation is 5,000 miles

Observed miles is 30,000 miles

100 miles failed at $1

Therefore;

(36,500 - 30,000) /5,000 = 1.3

To get the cost of production,

Since 100 miles equals $1 if fail

1.3 × 1 / 100

= $0.013 per tire.

2. P(Z<25,000 - 36,500/5,000)

= P(Z<-11,500/5,000)

=Z<2.3

Therefore,

1-0.9893

=0.0107

The probability that Grear will refund more than $50 for a tire is 0.0107

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3 years ago

Stuart is in charge of Up The Hill Bakery's twitter account. His job is to post updates on events and sales at the bakery and to

ValentinkaMS [17]

Answer:

True

Explanation:

The salary is paid to employees which means that the benefits that the employee receives by delivering its services is labor cost to the company. The company pays its employees to receive the desired services that the employee is willing to deliver its employer.

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3 years ago

Haverton is studying whether to drop a product because of ongoing losses. Costs that would be relevant in this situation would i

motikmotik

Answer:

The correct answer is letter "B": avoidable fixed costs.

Explanation:

Avoidable fixed costs are expenditures that can be set aside to modify the form of a given product project is being handled. Usually, manufacturers with too many produced products can stop one of their lines which implies taking away inherent expenses such as labor and raw materials.

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3 years ago

Perez Concrete Company pours concrete slabs for single-family dwellings. Lancing Construction Company, which operates outside Pe

STatiana [176]

Answer:

Since relevant revenue (115,92) is greater than relevant cost (60,260) the order should be accepted. By accepting the order the company will earn extra $60,375.92

Explanation:

Calculation of contribution to profit from special order:

Sales revenue =$2,520*46 slabs = 115,92

Cost of raw materials =$810*46 slabs = (37,260)

Cost of direct labor =$500*46 slabs =(23,000)

Total relevant cost = (37,260) + (23,000)

= (60,260)

contribution to profit = 115,92 - (60,260) = 60,375.92

Since relevant revenue (115,92) is greater than relevant cost (60,260) the order should be accepted. By accepting the order the company will earn extra $60,375.92

3 0

3 years ago