Answer: Equipment
Explanation:
The necessary inputs for a new work flow in the production unit, would include: the raw materials, information, human resources and equipment.
The raw materials are the unprocessed units used for production, the human resources are employees that carryout production tasks, the information is the steps of production and the equipments are the machines used to make production easier.
Answer: Timeliness
Explanation: In simple words, timeliness refers to the concept under which an information is being given or transferred to the user in an appropriate time so that is can be used effectively for the intended purpose.
In the given case, Maltec were placing their financial statements 10 days earlier.
Hence from the above we can conclude that the correct option is C .
Answer:
B. $200,000
Explanation:
The amount of Tot's shares held by Pare are not enough to justify equity (below 20%) method so it will only adjust the amount for changes in the fair value not when net income and cash dividends are know or declared.
$ 50,000 first purchase
$ 150,000 second purchase
$ 200,000 total investment
Answer:
Competition encourages innovation, which causes growth
Explanation:
The free market is an economic system based on supply and demand with little or no government control. ... Free markets are characterized by a spontaneous and decentralized order of arrangements through which individuals make economic decisions. Being a market with little or no government control limiting them , people are able to think out of the box in order beat their competitors and remain relevant thereby introducing newer brands to the market which at the long run helps to attain economic growth
Market growth It is all about the circular flow diagram. Firms produce more because there are more people willing to buy goods and they are free to do so, not a government to stop them. In addition prices are stable because of competition and there is a lot of variety for the consumer.
An opportunity cost is defined as the value of a forgone activity or alternative when another item or activity is chosen. Opportunity cost comes into play in any decision that involves a tradeoff between two or more options. It is expressed as the relative cost of one alternative in terms of the next-best alternative. Opportunity cost is an important economic concept that finds application in a wide range of business decisions.
Opportunity cost refers to the potential benefit one misses out when choosing one alternative over another. It is used in economics to determine the true value of economic decisions by quantifying what is given up to get what is wanted. The opportunity cost would be any other potential investments that could have been made, representing the missed opportunity.
Opportunity cost is a core concept in economics and it refers to the potential benefit an individual or a business misses out on when choosing one alternative over another. In essence, it's the loss of potential gain from other alternatives when one alternative is chosen. It helps to determine the true value of economic decisions by quantifying what we give up to get what we want.
For example, imagine you have $10,000 and you decide to invest it in stocks. The opportunity cost would be any other potential investments you could have made with that money, such as buying bonds, purchasing real estate, or even keeping the money in a savings account. The value of the best forgone alternative - in this case, the potential returns from bonds, real estate, or savings - represents the opportunity cost of your decision to invest in stocks.
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