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qwelly [4]
2 years ago
6

B. At one time, the centrally planned economy of China encouraged farmers to produce

Business
1 answer:
gladu [14]2 years ago
3 0

Answer:

At one time, the centrally planned economy of China encouraged farmers to produce  iron in their backyards, rather than have factories make iron. This proved unsuccessful,  since most of the farmers' iron was of poor quality. Why do you think this approach was  unsuccessful? How could this experiment become a success in a free market economy?

The reason why the approach whereby farmers make iron in their backyard could not work out is as a result of not being inclined in that market as they are only skilled in agriculture, also they do not understand the rhetorics of the business.

The experiment would be a success in a free market as anyone is allowed to sell such product, this gives room for competition and helps to price reduction which is good for the consumers, also it would help in improvement of such product's quality because of competition involved

Explanation:

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An advantage of FIFO is that it assigns the most recent costs to cost of goods sold and does a better job of matching current co
mel-nik [20]

Answer:

The correct answer is False.

Explanation:

This statement that, an advantage of FIFO is that it assigns the most recent costs to cost of goods sold and does a better job of matching current costs with revenues on the income statement, is not correct.

Under fifo method the most recent cost is assign to closing not COGS. It is LIFO method (last in first out ) in which the most recent costs is assign to cost of goods sold. Under the fifo method cost that is incurred first is charged first to COGS.

5 0
2 years ago
Which of the following is an unintended consequence of the rise of the primary and caucus system? Question 3 options:
Andre45 [30]

Answer:

a. Sometimes candidates unpopular with the party leadership reach the top.

Explanation:

Under the primary system there is voting on the ballots which is secret in nature and under the caucus system people vote after listening to the individual nominees and then accordingly to the candidate they like.

In this manner, the candidates who are not even belonging to some recognized or popular parties are in leadership as their individual speech is too alluring to the people present for voting that they vote for that specific candidate.

Thus, the correct answer is:

Statement a.

3 0
1 year ago
Hsung Company accumulates the following data concerning a proposed capital investment: cash cost $175,846, net annual cash flows
Luba_88 [7]

Answer:

11400

the investment should be made because NPV is positive

Explanation:

Net present value is the present value of after-tax cash flows from an investment less the amount invested.

NPV =( Net annual cash flows x present value factor)  - cost

(37300 x 5,02 ) - $175,846 = 11400

5 0
2 years ago
Codes of conduct (ethics) are formalized rules and standards that describe what the company expects of its employees in terms of
Ludmilka [50]

Answer:

True

Explanation:

The codes of conduct are the set or collection of conduct in an organisation that are specified for the particular organisation. These conducts may be following:

  • Rules
  • Principles
  • Values
  • Employee expectations, behavior, and relationships

These codes of conducts are to be followed by the individuals associated with organisation.

4 0
2 years ago
Edmond, the CEO of Hartman Manufacturing, said to his new vice president of accounting, "In the past I had resistance to new ide
rodikova [14]

Answer:

A.

Explanation:

Based on the information provided within the question it can be said that this is many times a necessary part of strategy implementation. This term refers to the process which a company undergoes in order to begin putting the chosen plans and strategies into action with the hopes of achieving the desired goal. This process many times requires situations like the one in question to be handled.

6 0
2 years ago
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