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4 years ago

Match the word with the best definition.

Business

1 answer:

Bas_tet [7]4 years ago

6 0

Answer:

1. Income determines who will get what is produced

2. Consumers decide what to produce by what they are willing to buy

3. Demand determines how much will be produced

4. Businessmen decide how to produce goods to make a profit

5. Producers the human resources that make the products or perform the services

Explanation:

1. Income determines who will get what is produced

The level of disposable income in a target market determines the quality and quantity of products that will channeled to that market.

2. Consumers decide what to produce by what they are willing to buy.

It is consumers that dictates the tune in market because they are the ones paying for the goods, they have the decision-making power on what they will buy which in turn determines what firms will roduce.

3. Demand determines how much will be produced. Demand is a measure of what consumers are willing buy and in what quantity. The size of demand determines the size of the market that firms are going to supply with their products.

4. Businessmen decide how to produce goods to make a profit.

Firms use the generic strategy of cost reduction (cost leadership) or quality improvement (Product differentiation) as strategic options to decide wihich alternative will yeild more revenue.

5. Producers the human resources that make the products or perform the services.

Producers are the people at the factory floor or service centers manufacturing the good or rendering the service.

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In a contract in which goods and services are combined, the contract is always considered an agreement for the sale of goods

TiliK225 [7]

The answer for your question is fasle.

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3 years ago

Classify each of the following as direct or indirect with respect to traceability to product and as variable or fixed with respe

AnnyKZ [126]

Answer:

The answers are as follows;

1. Direct; variable

2. Indirect; variable

3. Direct; variable

4. Indirect; variable

Explanation:

Just as stated in the question,

Direct costs are directly associated/traceable to product

Indirect costs do not have direct association to product, but enhance production

Variable costs are costs that change as volume of production change

fixed costs are costs that do not change with changing volume of product.

Not let me explain the choices one after the other

1. The cost of components that are assembled into a final product; because the components are assembled to form the product, they are directly linked to product, hence the cost is direct, and the total number of components will determine the total volume of product, so if a higher number of product is to be produced, then the total number of components to be purchased will increase, which will in turn increase the total cost of purchasing the components, hence the cost is variable, not fixed.

2. The cost of supplies consumed when maintenance is performed on machines; maintenance of machines do not have direct effect on product, but on the machines used in production, hence the cost here is indirect, the need for maintenance will arise more, depending on the frequency at which the machine is used, so the more frequently the machine is used the higher the product volume and the more the need for maintenance, therefore making cost of maintenance variable. This type of variable cost is known as variable overhead cost, because the price per unit of product is the same, but the total price increases as total product volume increase

3. The wages of machine operators who work on only one product; machine operators are directly involved in production, they operate the production tool, hence their wages is a direct, cost, and since the wage is paid on manufacture of only one product, it means that as the product volume increase, from one to two, the operator will be paid twice, hence is a variable cost. This cost would have been fixed if the operators were not paid per product, but paid monthly, so depending on the volume of product, they have a certain monthly salary.

4. The cost of training mechanics who service processing machinery; mechanics who service machinery, have direct effect on machinery not product, hence the cost of training these mechanics is indirect cost, Increase in the volume of product produced, may call for the acquisition of more machines and the need to employ more mechanics, which implies more cost of training, hence it is a variable cost.

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3 years ago

Differential treatment of individuals or groups based on race, ethnicity, gender, sexual orientation, or economic status, instea

Orlov [11]

Answer:

Discrimination

Explanation:

Discrimination - it is referred to as the practice of avoiding or showing differential treatment to the individual on the basis of sex, culture, religion, etc are known as discrimination.

it is referred to as the unfair treatment against certain sections of society.

To remove the discrimination practice or to overcome the problem affected the marginal community, the government introduce the policy in the form of reservation, making separate policies for the marginal community.

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3 years ago

You can invest in an account that pays simple interest or an account that pays compound interest. In either case, you plan to in

trasher [3.6K]

Answer:

You will receive $201.38 more interest if the investment is made with a compound interest rate rather than a simple interest rate.

Explanation:

Simple interest rate

We can calculate how much interests you'd obtain if you deposited the $2,600 in a simple interest rate account.

We start using the following formula for calculating the simple interests:

$I=P * r$

Where:

I are the interests per year,

P is the amount being invested,

r is the interest rate.

Replacing in the formula with the given values we have:

$I=2600*0.05=130$

We then proceed to multiply this result by the given number of years, which is 8. We get $130*8=1040$ .

Finishing with the simple interest rate, if we wanted to know how much is the investment worth at the end of a 8 year period, we must merely add the principal (the $2,600) to the total interests after the end of the period ($1040). So $2600+1040= 3640$ .

We'll use these results later.

Compound interest rate

The formula for compound interests is the following:

$I=P(1+r)^n$

Where:

I is the value of the investment after n years,

P is the principal amount being invested,

r is the interest rate,

n are the number of years the investment is compounded.

Replacing in the formula with the given values we have:

$I=2600*(1+0.05)^8=3841.38$

After the 8 year period, the investor will have $3841.38 in it's compounded interest account.

Comparing these results

We can simply substract the value of both investments at the end of a 8 year period, to determine how much more interest does the compound interest rate account give in relation to a simple interest rate account.

The values we've gotten were:

$3,640 for the simple interest rate account, and

$3,841.38 for the compounded interest rate account.

$3841.38-3640=201.38$ . Therefore the answer is: the account that pays compounded interests will pay $201.38 more to this invididual, compared to an account that pays simple interest.

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4 years ago

List fol Fuel Products from Plants

zmey [24]

Answer:

fol??? I don't understand the question. Probably you had a typo?????

Explanation:

sorry

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4 years ago