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3 years ago

1. Contrast traditional economies, command economies, and economies.

Business

1 answer:

Dima020 [189]3 years ago

4 0

Answer:

1. A traditional economy is a system that relies on customs, history, and time-honored beliefs.2 A market economy is a system where the laws of supply and demand direct the production of goods and services. A command economy is where a central government makes all economic decisions.

2. Gross domestic product (GDP) is the monetary value of all finished goods and services made within a country during a specific period. GDP provides an economic snapshot of a country, used to estimate the size of an economy and growth rate. GDP can be calculated in three ways, using expenditures, production, or incomes.

3. Globalization means the speedup of movements and exchanges (of human beings, goods, and services, capital, technologies or cultural practices) all over the planet. One of the effects of globalization is that it promotes and increases interactions between different regions and populations around the globe.

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In a pool bout, fencer x has received a yellow card for non-conforming equipment and is losing 3-2. fencer y attacks and scores

Alexus [3.1K]

Fencer y attacks and records a valid touch while x gets knocked out of a pool match after receiving a yellow card for using non-conforming products. In the end, X is now down 4-2.

These are goods that don't follow product specifications. To stop them from being used or delivered inadvertently, they are identified and regulated. A written method must define the controls, together with the responsibilities and powers that go along with them, for handling non-conforming products.

Non-conforming products items include measuring instruments that are unable to complete their intended measurements.

A company should have a quality assurance manual that details the steps involved in recognizing non-conforming products, cataloging them, and separating them from conforming materials.

No Old Knob Will Do

non-conforming products can be defined as any good or component that is flawed, fake, or does not adhere to the specifications.

Learn more about non-conforming products here

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2 years ago

Adam Holmes is the Processing Manager of Empire Mortgage Company, a firm that processes loan applications for a number of region

Elina [12.6K]

Answer:

a. <u>Labor variances for 14 PT staff: </u>

Labor rate variance = (Standard Rate – Actual Rate) x (Actual time per app) * (number of apps. completed)

= ($50 - $52) x 1.40 x 2,604

= $7291.20 (Unfavorable)

Labor Efficiency variance = [(Standard hours per app. X number of app.) - (Actual time per App. * number of apps.)] * Std. rate

= [(1.20 * 2,604) - (1.40 * 2,604)] * $50

= [3,124.80 - 3,645.60] * $50

= $26,040 (Unfavorable)

Labor Cost variance = Labor rate variance + Labor efficiency variance

= $7,291.20 (Unfavorable) + $ 26,040 (Unfavorable)

= $33,331.20 (Unfavorable)

<u>Labor variances for 10 SD staff</u>:

Labor rate variance = (Standard Rate – Actual Rate) x (Actual time per app) * (number of apps. completed)

= ($45 - $47) * 1.20 * 1,600

= $3840 (Unfavorable)

Labor Efficiency variance = [(Standard hours per app. X number of app.) - (Actual time per App. * number of apps.)] * Std. rate

= (1.40*1,600) – (1.20*1,600)]*$45

= [2,240 – 1,920] * $45

= $14,400 (Favorable)

Labor Cost variance = Labor rate variance + Labor efficiency variance

= $3,840 (Unfavorable) + $ 14,400 (Favorable)

= $10,560 (Favorable)

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4 years ago

Rational choice theorists would define the behavior of corporate executives who outsource many jobs to countries where the cost

STALIN [3.7K]

Answer: Instrumental

Explanation:

Rational choice theory, is a school of thought which is based on the assumption that individuals will choose a course of action which goes in line with what they personally prefer.

For the instrumental rationality, it has to do with looking for the most cost effective method in order to achieve a particular objective. Therefore, the behavior of corporate executives who outsource jobs to other countries where labor cost is cheaper than in the United States is defined as being instrumental.

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3 years ago

Suppose that you are on a desert island and possess exactly 20 coconuts. Your neighbor, Friday, is a fisherman, and he is willin

Vlada [557]

Answer:

a) see attached image

b) Friday's slope = 1/2

c) Kwame's slope = 1/3

d) Kwame's budget line since it includes 60 fish on one side and 20 coconuts on the other.

e) Kwame is willing to pay more fish per coconut

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3 years ago

You have the following information on Olivia's Bridle Shop: total liabilities and equity = $65 million, current liabilities = $1

Pepsi [2]

Answer:

Total Fixed Assets = 20 million

Explanation:

Total liabilities and equity = $65 million

Current liabilities = $10 million

Inventory = $15 million

Quick ratio = 3 times.

As we know

Total liabilities and equity = Total Assets

65 Million = Total Fixed Assets + Total Current Assets

65 Million = Total Fixed Assets + 45 million

Total Fixed Assets = 65 million - 45 million

Total Fixed Assets = 20 million

Quick Ratio = ( Total Current Assets - Inventory ) / Total Current Liabilities

3 = ( Total Current Assets - 15 million ) / $10 Million

3 x $10 Million = Total Current Assets - 15 million

30 million = Total Current Assets - 15 million

30 million + 15 million = Total Current Assets

Total Current Assets = 45 Million

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3 years ago