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weeeeeb [17]
2 years ago
12

2. Which statement about the factors of production is correct?

Business
1 answer:
Charra [1.4K]2 years ago
8 0

Answer:

A) A river from which a company draws water is called land.

Explanation:

There are mainly<u> 4 Factors of Production</u> and these are:

<em>1. Labor </em>

<em>2. Land </em>

<em>3. Capital</em>

<em>4. Entrepreneurship</em>

  • <u>Labor doesn't refer to the owner of the company.</u> It refers to the <em>work that is being done in order to finish a particular project or work</em>. This makes choice D incorrect.
  • An enterprise refers to the entire company or business. It doesn't limit itself to the supervisors involved. This makes choice C incorrect.
  • <u>Capital in the form of money is not a factor of production.</u> Raising finance for a company means raising money. An example of capital as a factor of production is<em> purchasing an equipment for commercial/business purposes</em>. This makes choice B incorrect.
  • When it comes to "land" as a factor of production, it refers to the natural resources, which means it includes not only the forests, mountains and the like but <em><u>also the oceans, rivers, lakes, etc. </u></em>as long as it is being used in the production process. This makes choice A correct.
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A movie star was paid $1 million in 1960 to do a movie. The CPI was 29.3 in 1960 and the CPI in 2014 was 240. Approximately how
valentinak56 [21]

Answer:

$8.19 million

Explanation:

A movie star was paid $1 million in 1960 to do a movie

The CPI was 29.3 in 1960

The CPI in 2014 was 240

Therefore the amount that was earned in dollars by the movie star in 2014 can be calculated as follows

= 240/29.3

= 8.19 × $1 million

= $8.19 million

Hence the movie star earned $8.19 million in 2014

5 0
3 years ago
John owns a second home in Palm Springs, California. During the year he rented the home for $4,000 for 36 days and used the hous
tekilochka [14]

Answer:

Option (C) is correct.

Explanation:

Total expenses:

= mortgage interest + property tax + utilities and maintenance + Depreciation expense

= $5,000 + $600 +  $900 + $3,500

= $10,000

Proportionate rental expenses = Total expenses × \frac{36\ days}{(36 + 14) days}

Proportionate rental expenses = 10,000 × \frac{36\ days}{(36 + 14) days}

= $7,200

Rental Loss = Rental Income - Proportionate rental expenses

                   = $4,000 - $7,200

                   = -($3,200)

7 0
3 years ago
Dear Mr. Sanchez:
tiny-mole [99]

Answer and Explanation:

1. After discovering about the value of local group ethical leadership, year before. The students naturally experienced most of your work and gratefully asked for the chance for your existence to make a major impact on our next generation of leaders.

The first option is the better option as the next paragraph provides a meaning. The next paragraph starts with 'therefore' It appears to be relatable

2. Even before central message, it does not explain the reasons, and it has no reader advantages.

The meaning as a whole is fairly ambiguous and inconsistent. The reasoning isn't very powerful and there seems to be a lack of compassion.

3. Typically a claim or complaint response ends with a service provider 's expectation. The author must submit a reasonable request in this situation.

7 0
3 years ago
A company has two departments, Y and Z that incur delivery expenses. An analysis of the total delivery expense of $14,000 indica
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Answer:

Department Y $9000

Department Z $5000

Explanation:

Delivery expense can be calculated using the allocation and apportionment method for Y and Z.

<u>Step 1. Allocation</u>

The costs that are directly attributable to the departments would be allocated to its relevant department. Here, $1500 are the direct expenses for the deliveries for the department Y, so at the first step,

Department Y Cost = $1500

For the department Z, their are no direct expenses for the deliveries,so at the first step,

Department Z Cost = $0

<u>Step 1. Apportionment</u>

The indirect cost of $12500 ($14000 - $1500) would be apportioned among department Y and Z.

So

Department Y = $1500 + $12500 x 60% = $9000

Department Z = $12500 x 40% = $5000

3 0
3 years ago
The part of the computer that contain the brain or central processing unit, is also know as the A. Modem b. Monitor. C. System u
timofeeve [1]
The awnser is C. system unit
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3 years ago
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