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3 years ago

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:

:-)

You might be interested in

Which business risk is controllable

Setler79 [48]

Answer:

-the firm’s IT architecture

Explanation:

The firm’s IT architecture is the only risk under the business' control in that list. The company can decide for example to buy a computer system that matches its needs and budget or go overboard and by the most expensive equipment there is.

All the other factors (fluctuations in the price of raw materials, currency rate fluctuations and change in import duties) are out of the company's control. Some can be anticipated, with more or less time/precision.

8 0

4 years ago

Read 2 more answers

In what accounts should the following items be classified? (a) Coins and currency. (b) U.S. Treasury (government) bonds. (c) Cer

Dimas [21]

Answer:

Explanation:

Cash: generally classify cash as a cuffent asset Cash conststs of coins, currency, and available on deposit at the bank Cash the most liquid of as*ts, is standard medium of exchange and fre basis for meas_wtng and accountmg for all other items

Cash quivalents: cash equivalents are short-term, highly liquid investments that are both readily convertible to known amount of cash.

Accounts Receivable: Receivables are clams held against customers and others for money, goods, or services

Short term investments: Investments for one year or less called as short-tem investments

Long-term assets: Long-term means more than one accounting cycle period

Items Accounts

a) Coins and currency Cash

b) U S treasury (government) bonds Cash equivalent

c) Certificate of deposit (matures in 5 months) Short term investment

d) Cash in a bank that is in receivership Account receivable.

e1) NSF check ( Returned with bank statement)(if uncollectible) A loss if uncollectible

e2) NSF check ( Returned with bank statement)(if collectible) Accounts receivables

f1) Deposited in foreign bank (exchangeability limited )(if not expendable) Other assets, if not expendable.

f2) Deposited in foreign bank (exchangeability limited )(if expendable) Cash if expendable for goods and services in a foreign country

g1) Postdated checks (if collection expected within one year) Short term investments

g2) Postdated checks (if collection expected within beyond year) long term investments

8 0

3 years ago

1. For a given meal, a chef may prefer grilling to baking because it

tangare [24]

[] Answer []

$\boxed{Produces \ more \ intense \ flavor}$

[] Explanation []

For a given meal, a chef may prefer grilling to baking because it <u><em>produces more intense flavor</em></u>.

Chef - Cooks instead of bakes (Uses stovetop)

Baker - Bakes instead of cooks (Uses oven)

When cooking, you are making meals and entrés, instead of pastries and baked goods. When cooking, a chef always wants to let out he most flavor he can. This is why he grills. When grilling, you cook your food in oil, butter, marinade, etc. All these flavors soak into the food, causing it to erupt with flavor. This is why when a chef cooks meat, he lets it soak in marinade, butter, wine, herbs, etc. first, then cooks them in it second. This entices the flavor, causing it to to be more tasteful and delightful.

A chef prefers to grill because it pulls out the flavor, where-as baking is a slower, less intense method of producing / cooking food. Baking is more bland and does not create a superb audience. When cooking something, you are allowing your food to soak in grease, wine, etc. When baking something, your food sits there slowly without any interaction too much flavor.

$\boxed{[] \ Eclipsed \ []}$

4 0

4 years ago

A local bagel shop produces two products: bagels (B) and croissants (C). Each bagel requires 6 ounces of flour, 1 gram of yeast,

irakobra [83]

Answer:

Consider the following calculations

Explanation:

Let X be Bagels and Y be croissants

Profit:

20X+30Y

Subject:

6X+3Y<=6600

1X+1Y<=1400

2X+4Y<=4800

Critical points are

(0,1400) , (800,600) , (1100,0)

Max at 0,1400 and P =4200

5 0

4 years ago

Is a single research suitable for all research studies

Lena [83]

Answer:

No, for some studies and most studies, multiple efforts should go in for accurate data...

Explanation:

5 0

3 years ago