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Assoli18 [71]
2 years ago
12

A young couple living in rural west-central Missouri heard about the closing of a local grocery store. Although a small operatio

n, it served a small community that would now have to travel another 20 miles to the nearest grocery store. With help from a local realtor and banker, the couple purchased the store, remodeled it, and reopened it. As new store owners, they had to carefully watch cash flow. As their customer base began to grow, they began offering hot food, and hired others to help with the operation. The economic benefit created in this story is called _______
Business
1 answer:
Vlad [161]2 years ago
5 0

As new store owners, they had to carefully watch cash flow. As their customer base began to grow, they began offering hot food, and hired others to help with the operation. The economic benefit created in this story is called <u>An Invisible Hand</u>

Explanation:

Invisible hand refers to an economic term that is  used to describe the unexpected benefits of a business venture which was started with the sole purpose of self benefit but later on that benefit is also enjoyed by the community as a whole

This  clearly states the economic  benefit which was unexpected in the business.

In the given Scenario  also, the couple occupied the business but, the benefits were completely unexpected and the growth rate was  also high as related to   investment made.

Thus, the correct phrase for such situation is:<u>Invisible Hand</u>

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Cassandra saved $85.25 to buy a stereo. the day she bought it, it was on sale. she had $9.73 left over. how much did she spend o
nekit [7.7K]

85.25 - 9.73 = 75.52

She spent $75.52 on the stereo

5 0
1 year ago
A On December 31, 2017, State Construction Inc. signs a contract with the state of West Virginia Department of Transportation to
larisa [96]

Answer:

2018: $78 million

2019: $468 million

2020: $234 million

Explanation:

Given that State Construction incurred costs as follows:

Year                         Cost

2018                         $60 million

2019                         $360 million

2020                        $180 million

Total cost = $60 million + $360 million + $180 million = $600 million

Percentage to total cost ratio is:

For 2018 = $60 million / $600 million = 0.1,

For 2019 = $360 million / $600 million = 0.6,

For 2020 = $180 million / $600 million = 0.3.

Revenue = Percentage to total cost ratio × Contract price.

Contract price = $780 million

For 2018, Revenue = 0.1 × $780 million = $78 million

For 2019, Revenue = 0.6 × $780 million = $468 million

For 2020, Revenue = 0.3 × $780 million = $234 million

3 0
2 years ago
Management's philosophy at Nike has often been that a fit body contributes to more productivity at work. Nike provides exercise
algol13

Answer:

Corporate policy

Explanation:

Corporate policy is a set of procedures recommendations that is based on the analysis of internal and external factors that will benefit the organization to cope up with problems and avoid an adverse outcomes.

The reason is that the company wants to increase the productivity of its labor which will help them to control cost by encouraging its employee to exercise daily. This act was not oriented towards to benefit employee, it was purely for the increase in productivity. So this serious position on fitness is its part od corporate policy.

7 0
2 years ago
What is the maximum period of time that a personal services contract for temporary consultant services may be awarded?
Kisachek [45]

Answer: 1 year

Explanation: According to the Defence Federal Acquisition Regulation under 237.106, personal service contracts that apply to consulting or expert services will be limited to one year. However this will only apply to duties that are temporary (limited to 1 year, or 12 months), or non cumulative days (needs to be 130 days or more that are broken up within a year). During this time the officer contracting the service will enter into a contract, make an order, or exercise options for various services that do not exceed 1 year.

6 0
1 year ago
send your client an email with a project and risk status. You ask for feedback on project performance. Which best practice shoul
Zolol [24]

Explanation:

Get to the point quickly and be concise., but don't be impersonal or abrupt. Keep your sentences short and clear. Include everything your client needs to know in the email. If you're just providing information and don't need a response, write “No response needed” at the end of the email.

7 0
1 year ago
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