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Naily [24]
3 years ago
15

Question 1 Describe the role of supply, demand, and competition in a free-enterprise system.

Business
1 answer:
kvv77 [185]3 years ago
8 0

Answer:

Competition is a driving force of free enterprise, resulting in greater efficiency and lower prices for the consumer. Countries embracing free market principles benefit from a higher standard of living.

Explanation:

:-)

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When a nation removes a tariff on a product, this policy action rev: 06_20_2018 Multiple Choice benefits domestic producers of t
Ray Of Light [21]

Answer:

benefits consumers of the product.

Explanation:

Import tariffs are generally  put in place to protect domestic producers from foreign producers. Tariffs benefit domestic producers but hurt consumers since they are forced to pay higher prices.

When the import tariffs are withdrawn, the domestic price of the goods should decrease, benefiting consumers.

4 0
3 years ago
An investor purchased a "par bond" for $300 with the principal $300. Over n = 5 years the bond will pay 8% coupon annually. Find
Digiron [165]

Answer:

8%

Explanation:

Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

IRR can be calculated with a financial calculator  

Cash flow in year 0 = $-300

Cash flow each year from year 1 to 4 = \frac{8}{100} × $300 = $24

Cash flow in year 5 = $300 + 24 = $324

  IRR = 8%

To find the IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.  

4 0
3 years ago
Jeevan and Jayaram started a partnership business. Jayaram is a filmstar. He has no time to be involved in business activity. Je
Hunter-Best [27]

Answer:

•Jayaram is a Limited partner

•Jeevan is an active partner

Explanation:

•A limited partner also known as a silent partner is a partner who does not partake in the day to day running of the business. He only provides capital to the running of the business hence his liability is limited to the amount invested in the business.

Asides providing capital and not being active in the management of the business activity, he can be of help by providing business contact that would bring progress to the business and also give business advice where and when necessary.

• An active partner is a partner who provides capital and also oversees the daily activities of the business. He is a very important partner because of his involvement in the business affairs hence has more liability unlike the limited partner. An active partner's action can make or mar the business because of the influence he has over the business.

3 0
3 years ago
Are scholarships included in gross income
GarryVolchara [31]

Answer:

Generally, you report any portion of a scholarship, a fellowship grant, or other grant that you must include in gross income as follows: If filing Form 1040 (PDF), include the taxable portion in the total amount reported on the "Wages, salaries, tips" line of your tax return

7 0
3 years ago
Generating ideas by comparing specific project practices or product characteristics to those of other projects or products insid
Ganezh [65]

Answer:

This process is known as Benchmarking

Explanation:

Benchmarking is the process of comparing business process and performance to the best practices from the other companies. The dimensions measured and compared are time, quality and cost.

This allows the organizations to improve the projects or plans or adapt the specific best practices with the aim of increasing the performance.

7 0
3 years ago
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