A command or planned economy is an economic system in which the government answers the three basic economic questions of what to produce, how to produce and for whom to produce.
What is economic system?An economic system is a set of rules, regulations and institutions that are used to manage and allocate resources in a society or economy. It defines the production, distribution and consumption of goods and services in a given economy. The most common economic systems used today are capitalism, socialism and communism. Each of these systems have their own advantages and disadvantages, depending on the needs and goals of a given society. Capitalism is an economic system based on private ownership of the means of production and the pursuit of profit. Socialism is an economic system based on public ownership of the means of production and the pursuit of social equality. Communism is an economic system based on public ownership of all resources and the pursuit of collective well-being.
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Which type of firm invests in lean manufacturing programs in order to improve customer service levels for a given inventory investment?
A business makes an investment in lean manufacturing techniques for a specific made-to-stock inventory investment in order to improve customer service levels.
Which do you mean by manufacturing?
Manufacturing is the process of creating goods, whether manually or mechanically, with the aim of selling them to customers once they are complete. The inputs used in production can be raw materials or specific parts of a larger product. Manufacturing frequently happens on a large-scale assembly line with tools and trained personnel.
Making new items out of parts or raw materials is what is meant when we say "manufacture." Tailors, bakers, shoemakers, and auto manufacturers are all examples of manufacturing enterprises because they all create products rather than providing services.
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8. An increase in fixed costs will do which of the following
O a. shift the break even point to the left
b. shift the breakeven point to the right
c. make the total cost function steeper
O d. make the total cost function flatter
Explanation:
Correct option is D)
Make the total cost function flatter
What is the difference between gross income net income and discretionary income?.
The amount of net income a household or individual has available to them to invest, save, or spend after income taxes. Disposable income minus all necessary payments equals discretionary income.
Income is the potential for consumption and savings obtained by a firm during a set time period, generally expressed in money. Haig-Simons income, which defines income as consumption + change in net worth and is commonly used in economics, is a highly significant definition of income.
Income in the United States is defined by tax law as the sum of all earnings, salaries, benefits, interest payments, rent, and other kinds of income generated in a calendar year. Discretionary income is sometimes defined as gross income less taxes and other deductions, and it is frequently used to compare taxpayer advantages.
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According to O*NET, what are common tasks performed by Nursery and Greenhouse Managers? Check all that apply.
touring work areas to observe work
harvesting vegetables
managing nurseries
analyzing the best way to harvest timber
creating decorative floral arrangements for events
identifying plants and problems with them
According to O*NET, The common tasks performed by Nursery and Greenhouse Managers are
touring work areas to observe workmanaging nurseriescreating decorative floral arrangements for eventsWhat is a manager?A manager is a person who is in charge of a project and aids in resource allocation, progress monitoring, and timely project completion in order to realize the organization's vision and goals.
The Nursery and Greenhouse Managers were tasked with concentrating on the increasing issues and finding solutions by closely observing and supervising the staff, which enables them to identify the underlying causes.
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Answer:
A C F
Explanation:
Give all start up costs for opening a salon that has 8 workers and that does everything hair and wax related. Include the quantities for each item and the pricing
Start-up expenses are the costs a business spent or incurred to establish an active trade or business, or to research establishing or acquiring an active trade or business
What is meant by Start-up costs?Start-up expenses are the costs a business spent or incurred to establish an active trade or business, or to research establishing or acquiring an active trade or business. Start-up costs should always be expensed as they are incurred, even though this determination can be somewhat subjective. Typically, start-up costs encompass any expenditure made before a business starts to turn a profit. Startup activities are essentially expensed as they are incurred in the accounting process. Although the guidelines are straightforward, the main concern is not assuming that other charges that are comparable to start-up costs should be treated the same manner.Rent/Lease for the salon space: $2,000 - $10,000
Build-out costs: $5,000 - $15,000
Equipment and supplies:
8 stations, chairs, and mirrors: $5,000 - $10,000
8 styling stations (styling chairs, styling stations, styling tools): $8,000 - $15,000
8 hair dryers: $4,000 - $6,000
8 hair washing stations: $8,000 - $12,000
8 hair cutting stations: $8,000 - $12,000
8 waxing stations: $8,000 - $12,000
Hair color, waxing, and other supplies: $5,000 - $10,000
Marketing and advertising costs: $2,000 - $5,000
Legal and accounting fees: $1,500 - $3,000
Insurance (liability, property, and worker's compensation) $2,000 - $5,000
Employee salaries: $8,000 - $12,000
Miscellaneous costs (utilities, phone, internet, etc): $5,000 - $10,000
Please take note that these figures are only approximations and that prices can change depending on location and other variables.
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A local company is expanding its business and is working to build an eco-friendly building with a modern artistic design. Larry was hired to come up with the design concept, francis drew up the plans for the building, and meka was hired to oversee the building of the structure. Lacy was then brought in to organize the new furniture and details inside the building. Which best describes the careers of each worker?.
Reducing the use of non-renewable energy might benefit from the use of this illustration. The third goal of the design process is to improve the standard of the indoor environment.
What is a green structure with a contemporary creative design?An architect is a skilled professional who is in charge of the planning, creation, and maintenance of buildings. Architects have received extensive training in both the science and art of building design. Environmentally friendly building materials are ones that are safe for the environment and people as well as efficiently using resources and producing little waste. Along with material types, ecologically friendly solutions, rating and certification procedures are all studied.
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You have 7/8 cup of alfredo auce to erve in your pat bowl. Each pata bowl require 1/16 of a cup of alfredo auce. How many pata bowl will get alfredo auce?
You can serve alfredo sauce in 7 bowls.
You have 7/8 cup of alfredo sauce to serve in your pet bowl. Each data bowl requires 1/16 of a cup of alfredo sauce.
To figure this out, you can start by converting the amount of alfredo sauce you have into a common fraction of cups. 7/8 cup can be converted to 7/8 * 16/16 = 7/8.
Then, you can divide the amount of sauce you have by the amount of sauce needed for one bowl.
So, 7/8 / (1/16) = 7/8 * 16 = 112/16 = 7.
So you can serve alfredo sauce in 7 bowls.
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