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2 years ago

In what industry is labour likely to be the most important factor of production

Business

1 answer:

Lisa [10]2 years ago

4 0

Answer:

Labour is an active factor of production. It is the factor that starts production. Land and Capital alone cannot start production, so they are passive factors. They need the active factor of production, i.e. labour to be productive themselves.

You might be interested in

What are some simlarities between saving and investing?

uysha [10]

Answer:

A similarities between saving and investing

1) Its about money.

2) Investing is similar to saving because you’re putting away money for the future. But you're trying to earn more money.

Explanation:

7 0

3 years ago

In his blog, Max Gladwell says that our world is being profoundly changed

Vesnalui [34]

Answer:

B: Increasing use of social media

Explanation:

Social media has many effects, good and bad on our society. Now people know what happened 4 minutes ago in countries thousands of miles away. They can keep up with celebrities and more. You can see how this is drastically changing the way we live. Hope this helps!

3 0

2 years ago

On November 30, Year 1, Parlor, Inc. purchased for cash at $15 per share all 250,000 shares of the outstanding common stock of S

zepelin [54]

Answer:

$275,000

Explanation:

Goodwill in business combination arises when the price paid in acquiring a business exceeds the fair value of the acquired business net assets . The fair value is used rather than the carrying amount to ensure fairness and an unbiased result

Workings

Purchase consideration = 250,000*15 =3,750,000

Percentage acquired = 100%

Fair value of net asset = 3,000,000+400,000+75,000= 3,475,000

Goodwill = 3,750,000=3,475,000 =275,000

6 0

3 years ago

Why is operations management relevant to managers in other organization functions? Base your discussion on your experience of op

Mars2501 [29]

Answer:

Operations management is relevant to improve the overall productivity in an organization as it involves working with all departments in the organization.

Explanation:

Operations management involves planning, organizing and controlling the production processes by which raw materials are converted into valuable goods and services to be distributed to customers.

An operations manager works with managers in other organizational functions to improve the overall productivity in the organization.

He or she maintains contact with; the financial manager to agree on the budget needed for production, the purchasing manager to determine what raw materials will be purchased for production, the personnel manager to sort out the human resources required for the production process, and the marketing manager to ensure that customer needs are taken into consideration when producing goods and services.

4 0

2 years ago

in the final analysis, how much did the inventory cost burlington? the inventory cost for burlington is

nata0808 [166]

The inventory cost for burlington is $18,278.

Stock or inventory refers to the goods and substances that a commercial enterprise holds for the last purpose of resale, manufacturing or utilisation. stock control is a area primarily approximately specifying the shape and site of stocked goods.

Stock refers to all of the items, goods, merchandise, and substances held by means of an enterprise for selling in the marketplace to earn a profit. example: If a newspaper supplier makes use of a car to supply newspapers to the customers, handiest the newspaper might be taken into consideration stock. The automobile will be handled as an asset.

Learn more about inventory here:brainly.com/question/24868116
#SPJ4

8 0

11 months ago