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Dmitriy789 [7]
3 years ago
10

Why are economic systems needed? Respond to the question below with a minimum of 5 sentences.

Business
1 answer:
harina [27]3 years ago
6 0

Answer:

Explanation:Since economic resources are scarce, they must be used efficiently. We want to produce as much goods and services as we can, and in the process, produce the goods and services needed the most.  There are five functions an economic system performs in producing goods and services for consumption.

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Theresa Teutul was an executive with Digital Industries, a leading manufacturer of color televisions. She recognized that the co
vladimir1956 [14]

Answer:

The options for this question are the following:

a. Star

b. Cash Cow

c. Question Mark

d. Dog

e. None of these

The correct answer is b. Cash Cow .

Explanation:

The cash cow is a metaphor for a cash cow that produces milk throughout its life and requires little maintenance. A cash cow is an example of a cash cow, since after the initial capital outlay has been paid, the cow continues to produce milk for many years. These cash generators can also use their money to repurchase shares in the market or pay dividends to shareholders.

A cash cow is a company or business unit in a mature, slow-growing industry. Milk cows have a large market share and require little investment. For example, Apple (NASDAQ: AAPL) is considered a cash cow because it has established a well-defined niche in wireless gadgets. The different Apple product lines generate cash for other business lines at the beginning of their life cycle. On the contrary, a star is a company or business unit that operates in a high-growth industry. Question marks are the problematic son of the BCG shared growth matrix. They operate in high-growth markets and require capital to grow, but the probability of success is unknown. Dogs do not require much cash, but due to age, they tend to absorb large portions of capital.

6 0
4 years ago
In its 2019 budget, a city authorized expenditures of $40,000 for replacing police patrolmen's uniforms with more modern, functi
Shtirlitz [24]

Answer:

Fund: General Fund,

Function/Program: Public Safety,

Organizational Unit: Police Department,

Activity: Patrol services,

Object: Uniforms

Explanation:

Fund: General Fund,

Function/Program: Public Safety,

Organizational Unit: Police Department,

Activity: Patrol services,

Object: Uniforms

5 0
4 years ago
On December 28, 2021, Tristar Communications sold 14 units of its new satellite uplink system to various customers for $40,000 e
eimsori [14]

Answer and Explanation:

The computation of the income before tax in the year 2022 would be reduced or decreased by the cash discount amount i.e. shown below:

= Sale value × discount rate × number of units sold

= $40,000 × 1% ×  14 units

= $5,600

Hence, the amount is $5,600

We simply applied the above formula so that the correct value could come

And, the same is to be considered

3 0
3 years ago
Assif mandvi's imitation of an american answering a call for "tech support" was an example of
rewona [7]
<span>Assif Mandvi's imitation of an american answering a call for "tech support" was an example of ethnocentrism. Ethnocentrism can be defined as the belief that one's own ethnic group is superior to other groups. Ethnocentrism is also the tendency to view other cultures from one's own perspective, instead of objectively.</span>
8 0
3 years ago
A church building fund has invested some money in two ways: part of the money at 3% interest and four times as much at 2.75%. Fi
irga5000 [103]

Answer:

amount invested at rate 3 % is $20000

and amount invested at rate 2.75 % is $80000

Explanation:

given data

interest = 3%

four times = 2.75%

total annual income from interest = $2800.

solution

we consider here part of money p1  = x

rate r1 = 3%

and

4 time money p2 = 4x

rate r2 = 2.75 %

so we apply interest formula that is

interest = Principal×Rate×Time

2800 = { x × 0.03 × 1 } + { 4x × 0.0275 × 1 }

solve it we get

x = 20,000

and

and 4x will be = 4 × 20,000 = 80,000

so here

amount invested at rate 3 % is $20000

and amount invested at rate 2.75 % is $80000

7 0
3 years ago
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