Mark is an excellent cook. He does not have any formal training but learned to cook by following the recipes of several famous chefs and his mom. Every weekend, he invites friends over for dinner so he can try new dishes and get honest feedback from his friends. Mark wants to start his own restaurant someday because he thinks he would be successful and become wealthy. Which of Adam Smith’s ideas made Mark think of starting a restaurant?A.invisible hand
B.self-interest
C.competition
D.laissez-faire

Answers

Answer 1
Answer: A invisible hand is the answer.
Answer 2
Answer:

thats the wrong answer


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Conformance quality addresses whether the product was made or the service performed to specifications. True False

Answers

Answer:

It's true

Explanation:

Quality as compliance is a concept of quality based on the product, whose main objective is to meet a set of characteristics that can be measured and established by the manufacturer to satisfy the customer, which implies a technical concept of quality.

The concept would be admissible when it is easy and possible to correctly identify the specifications. The main advantages:

• Ease of measurement

• It forces management to disaggregate all the components of the product, in order to establish the quality parameters.

• It is useful to clarify the responsibilities as operators and supervisors

• Efficiency improvement

However, it also has some drawbacks:

• It is oriented towards the product, towards internal efficiency (not towards the customer).

• A continuous redefinition of specifications

When you are in a conflict that you are not passionate about, it is seen as gracious to sometimes ______.

Answers

When I am in a conflict that I am not passionate about, it is seen as gracious to sometimes nothing because it did not hurt me in any way because first and foremost, it is not my concern to start of. Conflicts maybe hard but as long as I am not affected, it does not matter.

Niren, Inc.'s charter authorizes 1,000,000 shares of stock at a par value of $1 per share. Niren sells 100 shares of stock at its initial offering for $1 per share. The journal entry to record this transaction will include a_________.

Answers

Answer:

Dr Cash account 100

Cr Common Stock account 100

Explanation:

When a company sells stock they must record the value of the stock sold at par value in the common stock account. Any extra money received should go to the capital paid-in excess of par value account.

In this case, Niren sold 100 shares at par value ($1), so $100 should be recorded in the common stock account.

Businesses are motivated to organize as corporations because stockholders in a corporation have _______ liability for corporate debts. limited
personal
unlimited
no

Answers

Answer: Limited

Explanation: As per the law. the owners of a company and the company itself will be considered two separate  entities. Thus, the liability of the owners will be limited to their extent of investment. And any court case in case of default will be named on company and not owners.

No personal assets of owners of a company shall be taken into consideration while repaying the stakeholders in case of default.

Hence from the above we can conclude that the correct answer is A.

Harlose Suits faced a lot of complaints from customers when its recent batch of goods was dispatched. The employees at Harlose Suits, hence, had to rework on the returned items, and in some cases, the company had to even replace the faulty goods. In this case, the costs incurred by Harlose Suits are an example of _____. a. prevention costs b. internal failure costs c. external failure costs d. appraisal costs

Answers

Answer:

c. external failure costs

Explanation

External failure costs are those costs incurred due to product failures after they have been sold and used by the customers to which such product are sold too. Although there are insurance policy ready to cater for this kind of loss incurred. The insurance Policy is called "Product Liability Insurance"

One bag of flour is sold for $1.00 to a bakery, which uses the flour to bake bread that is sold for $3.00 to consumers. A second bag of flour is sold to a consumer in a grocery store for $2.00. Taking these three transactions into account, what is the effect on GDP?a.GDP increases by $2.00.b.GDP increases by $3.00.c.GDP increases by $5.00.d.GDP increases by $6.00.

Answers

Answer:

Taking these three transactions into account, what is the effect on GDP?

c.GDP increases by $5.00

Explanation:

The Gross Domestic product usually abbreviated as the GDP, is a measure of how much a goods and services a country can produce during a particular time period. The quantity of goods and service is usually expressed in monetary terms. it serves a a broad measure of a country's overall economic status. A higher GDP usually implies that the quantity of goods and services being produced in monetary terms is very high, there for it can be concluded that the general health of the economy is good.

To determine the GDP in our case, we need to determine the total value of a finished product to determine how much the GDP changes. The intermediate good is not included since it is not sold as a finished product but as a raw material in the production of a finished product. The following commodities are sold as finished products, for example; the bread and the second bag of floor. The change on GDP is as follows;

Change in GDP=Final GDP-initial GDP

where;

Change in GDP=unknown, to be determined

Final GDP=0+3+2=$5.00

initial GDP=assumed to be 0

replacing;

Change in GDP=5-0=$5.00

The effect on GDP is an increase of $5.00.