Answer:
State owned enterprises help the government to control certain strategic sectors of the economy,they provide very essential services to the people at cheaper and affordable rates,they protect the consumers from being exploited by private enterprises by offering them a cheaper and better alternative and Ensuring better public service
Explanation:
Answer: (B) Clarify your business strategy for investors
Explanation:
The business plan is the type of tool that can be used for clarifying various types of business strategy for the investors. The business plan is basically divided into the three main purpose that as follows:
In the business plan, the communication tool is one of the efficient tool which is used for attracting various types of investors and business partners. The business plan basically describe the structured business and also outline the various types of external resources.
Answer:
B
Explanation:
Variable costs are incurred only when a boat is manufactured such as material and direct labor. Thus variable costs will remain unchanged since it will costs the exact same amount to manufacture another identical boat. If it costs $4,000 in material and direct labor to manufacture boat A it will cost $4,000 to manufacture boat B. Fixed costs are sunk costs that will be incurred whether they manufacture 800 or 1,000 boats per year. The rent and admin costs will remain unchanged no matter how many boats are manufactured. But the fixed cost per boat will change. The total fixed costs are $80,000 (800 boats x $1,000 per boat fixed cost). If the manufacturing rate is increased to 1,000 boats per year, the per boat fixed cost will decrease to $800. Fixed costs remain at $80,000/1,000 boats = $800.
a decision.
b. Most managers make decisions without any information.
c. When the amount of information is low, there is less risk.
d. Risk improves decision making.
e. The more information a manager has, the more risk there is when making
a decision.
5:42 PM
Answer:
The correct answer is A. The more information a manager has, the less risk there is when making a decision.
Explanation:
In the decision-making process that occurs in any business structure, it is essential that those responsible for making these decisions have the appropriate information in order to make the most convenient decisions for the company. Thus, those in charge of this task carry out market research prior to making relevant decisions, in order to avoid making mistakes that could lead to the company losing money due to an erroneous decision.
The truthful statement related to decision-making in business management is that the more information a manager has, the less risk there is when making a decision. Having more information helps a manager understand all aspects of a situation, thereby reducing risk, as long as the information is relevant and actionable.
In the context of decision-making in business management, the statement that is true is: a. The more information a manager has, the less risk there is when making a decision. This is because having more information allows a manager to make an informed decision. When they understand all aspects of a situation, they can predict the potential consequences better. Hence, reducing the risk associated with the decision. However, information should be relevant and actionable. Simply having more information does not necessarily reduce risk if the information is not properly analyzed and understood.
Learn more about Risk in Decision Making here:
#SPJ3
Answer:
The answer is;
people trade goods directly with goods rather than through using money
Explanation:
In that a barter economy, people trade goods directly with goods rather than through using money.
Money is not used in a barter economy. Barter economy was experienced a very long time ago.
For example, Mr A. has yam at home but needs rice, he has to look for someone that wants yam in exchange for the rice he needs
A barter economy involves a direct exchange of goods or services while a money economy utilizes a common medium (money) for transactions. The barter system lacks the convenience and easy storage of value presented by the monetary system. Despite inflation, money remains a better store of value than goods.
A barter economy is distinct from a money economy primarily in its system of exchange. In a barter economy, goods or services are directly exchanged for other goods or services without the intermediary use of money. This system only works when one person happens to have something the other person needs, and at the same time that other person has something the first person needs. The primary issue with a barter economy is its lack of convenience and the difficulty in storing value over time.
On the other hand, a money economy uses a universal medium of exchange known as money, which is widely accepted for transactions and easily stored for future use. Money can also serve as a store of value, which enables people to make transactions more conveniently and efficiently. Despite some money losing value due to annual inflation, it is considered a better store of value than goods in a barter system, like the example of shoes which can go out of style and decrease in value every season.
#SPJ12