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swat32
2 years ago
11

What is economic system ?​

Business
2 answers:
CaHeK987 [17]2 years ago
8 0

Answer:

An economic system, also known as an economic order, is a method of producing, allocating resources, and distributing products and services within a community or geographical region.

Countries and governments allocate resources and trade commodities and services through economic systems. They are used to manage the five components of production: labor, capital, entrepreneurs, physical assets, and information assets.

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joja [24]2 years ago
4 0

An Economic System, sometimes known as an <em>Economic Order</em>, is a system for producing, allocating resources, and distributing products and services within a community or geographical region. It is made up of the numerous organizations, agencies, entities, decision-making processes, and consumption patterns that make up a community's economic structure.

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On May 10, Keene Company sold merchandise for $4,000 and accepted the customer's Best Business Bank MasterCard. At the end of th
natta225 [31]

Answer:

Cash $3,848  

Service Charge Expense     ($4,000 ×3.8%) $152  

       To Sales Revenue  $4,000

(Being the record of the sale of merchandise is recorded)

Explanation:

The journal entry is shown below:

Cash $3,848  

Service Charge Expense     ($4,000 ×3.8%) $152  

       To Sales Revenue  $4,000

(Being the record of the sale of merchandise is recorded)

Since sale is made so we debited the cash it increased the assets plus there is service charge expense so the same is also debited as it increased the expenses and at the same time the merchandise is sold so it would be credited as it increased the revenue

8 0
3 years ago
Which option correctly describes a benefit of using professional networking websites? OA Reach out to friends and relatives for
Katena32 [7]

Answer:

B. you should get updates about the companies that interest you.

Explanation:

B. Because once you find something that interest you its easier to work at a  place you like than to be bored and sad at a place you don't like

6 0
2 years ago
An MRP system that is updated periodically to account for all changes which have occurred within a given time interval is called
Rudik [331]

Answer:

B) regenerative

Explanation:

A material requirements planning (MRP) system is used to merge several production activities into one single system that controls production and inventory. It's similar to ERP systems but it only focuses on the production area of a company. Using MRP systems enables production planning, scheduling, and control of production inputs (e.g. materials).

All MRP systems should be regularly updated in order to be efficient.

8 0
3 years ago
What type of crime measurements collects data from those who break the law
Rashid [163]
<span>National Crime Victimization Survey,Have an wonderful day!
</span>National Crime Victimization Survey Resource GuideAbout NCVS

The National Crime Victimization Survey (NCVS) series, previously called the National Crime Survey (NCS), has been collecting data on personal and household victimization since 1973. An ongoing survey of a nationally representative sample of residential addresses, the NCVS is the primary source of information on the characteristics of criminal victimization and on the number and types of crimes not reported to law enforcement authorities. It provides the largest national forum for victims to describe the impact of crime and characteristics of violent offenders. Twice each year, data are obtained from a nationally representative sample of roughly 49,000 households comprising about 100,000 persons on the frequency, characteristics, and consequences of criminal victimization in the United States. The survey is administered by the U.S. Census Bureau (under the U.S. Department of Commerce) on behalf of the Bureau of Justice Statistics (under the U.S. Department of Justice).

The NCVS was designed with four primary objectives: (1) to develop detailed information about the victims and consequences of crime, (2) to estimate the number and types of crimes not reported to the police, (3) to provide uniform measures of selected types of crimes, and (4) to permit comparisons over time and types of areas. The survey categorizes crimes as "personal" or "property." Personal crimes cover rape and sexual attack, robbery, aggravated and simple assault, and purse-snatching/pocket-picking, while property crimes cover burglary, theft, motor vehicle theft, and vandalism. The data from the NCVS survey are particularly useful for calculating crime rates, both aggregated and disaggregated, and for determining changes in crime rates from year to year.

4 0
3 years ago
A rule that all employees in the organization (including the ceo) must fly coach when they travel on commercial airlines represe
Eva8 [605]
The word that completes the sentence is bureaucratic. bureaucratic control is one of the control systems that are defined as systems of rules that are devised and implemented that are applicable to global business and maybe unique to a specific business. it is an important tool for risk management as well. 
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2 years ago
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