A person studying economics can make better choices about purchases if that person understands

Answers

Answer 1

Answer: If that person understand consequences

In Economics, Consequences refer to how one economic decision will affect other circumstances

For example if that person could foreseen how purchasing a specific machine could increase his overall revenue in the next 5 years, so he gain more than what he loss

Answer 2

Answer:

Answer:

A person studying economics can make better choices about purchases if that person understands consequences and tradeoffs.

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1. Which of the following types of relationships exists when a person hires another person to perform some form of physical service but does not authorize that person to enter into contracts on his or her behalf? A) employer-employee relationship
B) employer-agent relationship
C) principal-third party relationship
D) principal-agent relationship

Answers

Answer:

the best answer i can find here is A

A company had net income of $259440. Depreciation expense is $23920. During the year, accounts receivable and inventory increased $13800 and $36800, respectively. Prepaid expenses and accounts payable decreased $1840 and $12880, respectively. There was also a loss on the sale of equipment of $15640. How much cash was provided by operating activities

Answers

Answer:

Net cash flow from operating activities $237,360

Explanation:

The computation of the cash was provided by operating activities

Net income $259,440

Add: depreciation expense $23,920

Less: Increase in account receivable -$13,800

Less: increase in inventory -$36,800

Add: Decrease in prepaid expense $1,840

Less: decrease in account payable -$12,880

Add: loss on sale of equipment -$15,640

Net cash flow from operating activities $237,360

What is one way that technology can improve the production of goods? Websites can allow consumers to purchase goods online. Container ships can transport a number of goods at once. Automation can create goods more cheaply and easily. Airlines can send goods from one place to another. WILL MARK BRAINLIEST

Answers

One way that technology can improve the production of goods is : ( C ) Automation can create goods more cheaply and easily

What is Automation

Automation is the creation and application of technologies to the process of production and distribution of goods and services with minimal or no human intervention. Automation makes the creation of goods easier and with less cost.

Hence we can conclude that One way that technology can improve the production of goods is Automation can create goods more cheaply and easily.

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Final answer:

One way that technology can improve the production of goods is through automation. Automation involves the use of machines and technology to perform tasks that were previously done manually by humans. By automating certain processes, goods can be produced more efficiently, quickly, and accurately, leading to increased productivity and reduced costs.

Explanation:

For example, in a manufacturing plant, robots can be programmed to assemble products on an assembly line. This eliminates the need for manual labor and reduces the potential for errors or inconsistencies in the production process. Automation can also allow for continuous production, as machines can work 24/7 without the need for breaks or rest.

In addition, automation can lead to cost savings in the long run. While the initial investment in automation technology may be high, the reduced labor costs and increased efficiency can result in significant savings over time. This can make goods more affordable for consumers and allow companies to remain competitive in the market.

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Kevin has $20 to spend on summer clothes. He is looking at shirts, shorts, and flip-flops. Shirts are $10, shorts are $15, and flip-flops are $10. He buys one shirt because he thinks that buying the shirt is worth the opportunity cost of the shorts and the flip-flops. Which statement best evaluates his reasoning?Kevin has analyzed the situation well. He purchased a shirt and that purchase cost the opportunity of buying the shorts or flip flops.
Kevin was wrong in his analysis. He has confused opportunity costs with trade-offs by thinking of both of the lost items as opportunity costs.
Kevin was wrong in his analysis. The opportunity cost consists of more than the shorts and flip-flops. It also includes other choices he could have made with the $10.
Kevin has analyzed the situation well. However, he should also consider the fact that he saved $10 by only purchasing the shirt.

Answers

Kevin has analyzed the situation well. However, he should also consider the fact that he saved $10 by only purchasing the shirt.

Opportunity cost is the cost of the forgone alternative. Out of the 3 choices, he only purchased 1 of the choices, the opportunity cost are the other two choices. However, he is still capable of buying the flip-flops costing $10 but he chose not to do so. He should consider it as a savings aside from it being a lost opportunity.

34. In logrolling, if the parties do in fact have different preferences on different issues, each party gets their most preferred outcome on their high priority issue and should be happy with the overall agreement. True False

Answers

Answer:

The answer is: TRUE

Explanation:

Logrolling refers to the trading of favors, or quid pro quo, usually carried out by legislators (representatives, senators, city council members, etc.) for mutual political gain by voting for each other's proposed bills or amendments.

Different sectors of political or even political parties themselves (other countries usually have more than two political parties) use logrolling to promote each other's agendas

the company's ___ team led wendy's response when a diner claimed to have found a fingertip in wendy's chili.

Answers

The company's crisis management team led Wendy's response when a diner claimed to have found a fingertip in Wendy's chili.

Crisis management is the process of preparing for, responding to, and recovering from an unexpected or disruptive event that threatens an individual, organization, or community. This can include natural disasters, accidents, financial crises, reputational issues, or other events that can have a significant impact on the safety, operations, or reputation of an entity.

Effective crisis management involves a coordinated and strategic approach that includes identifying potential risks, developing response plans, and implementing mitigation measures to minimize the impact of the crisis. This can involve communication and collaboration among multiple stakeholders, including employees, customers, partners, regulators, and the media.

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Although it can be expensive for businesses to implement operational efficiency, this cost produces greater quality results. For organizations with multiple divisions, developing processes once and repeating them saves time. True False