All categories

3 years ago

•What are the five factors of production and how do they contribute to the creation of wealth?

1 answer:

4 0

Two factors of production that seem to contribute the most to a nation's ability to create wealth are : Entrepreneurship and knowledge.
Germany for example, is not a country that have many resources. But through entrepreneurship and knowledge, they still are one of the world's greatest power

You might be interested in

A job was budgeted to require 3 hours of labor per unit at $11.00 per hour. The job consisted of 8,000 units and was completed i

stira [4]

Answer:

Direct labor time (efficiency) variance= $22,000 favorable

Explanation:

<u>To calculate the direct labor efficiency variance, we need to use the following formula:</u>

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Direct labor time (efficiency) variance= (3*8,000 - 22,000)*11

Direct labor time (efficiency) variance= (24,000 - 22,000)*11

Direct labor time (efficiency) variance= $22,000 favorable

8 0

3 years ago

If Rajiv's Fire Engines were a competitive firm instead and $125,000 were the market price for an engine, decreasing its price f

Sonbull [250]

Answer:

b) False

Explanation:

The price reduction will stimulate demand for Rajiv's Fire Engines, in the short run, before competitors catch up or even overtake the firm with price reduction strategies of their own. This will in turn drive sales and the production quantity to increase marginally in the short-run. However, in the long-run, because the market is competitive, Rajiv Company will not totally benefit from the price reduction as the price war intensifies among the competitors.

5 0

3 years ago

Assume that Jack, Hal, and Sophia enter into a valid contract for the sale of the restaurant and for a covenant not to compete.

Iteru [2.4K]

Answer: Option (B)

Explanation:

Condition subsequent clause is referred to as an exit clause from the existing contract. This agreement in between the parties tends to include languages that loosens or frees one of individuals from the agreement or the deal. This tends to mostly occur when the conditional outcome or result takes place. The conditional subsequent relieves an individual or a party from all the obligations.

4 0

3 years ago

Which is true of an intrapreneur?

kozerog [31]

Answer:

I belive it would be A

Explanation:

This most matches the defenition

3 0

3 years ago

A direct participation program shows the following operation results: Revenues: $3 million Operating expense: $1 million Interes

stiks02 [169]

Answer:

The cash flow from program operation is $1,600,000.

Explanation:

Prepare the Cash Flow from Operating Activities Section to determine the cash flow from program operation.

<u>Cash Flow from Operating Activities</u>

Revenue $3,000,000

Less Expenses :

Operating Expenses $1,000,000

Interest expense $200,000

Management fees $200,000

Depreciation $3,000,000 ($4,400,000)

Operating Profit / (Loss) ($1,400,000)

Add Back Depreciation $3,000,000

Operating Cash flow $1,600,000

3 0

3 years ago