Explanation:
To understand the basic philosophy behind the four factors of production
Land - Labor - Capital - Entrepreneurship
Lets consider an example:
Someday, just finishing your college, you think of starting a pizza business and you start selling pizza's one day. You might end up making a Pizza brand like Pizza Hut.
Here, in this example, to start your pizza shop, you need a place or area, this is known as Land factor. When you start making pizza, you need someone to work in that shop, (or if you doing it by yourself too) there should be at least some human being doing it, this factor is referred as Labor. To start the pizza shop, you need to buy the equipment, taking a shop on rent, or buying it, renovation of the shop etc. All of these things need, of course, Money, which is referred as Capital here. The idea you going to start this business, the courage to make it, definitely makes you an Entrepreneur, in utilizing all other factors effectively and efficiently. Therefore, this is linkage between these four factors of production, and how they fit together.
In the ethical decision making process, moral imagination is used by decision makers while they consider available alternatives to make an effective decision.
<h3>Ethical decision-making process</h3>
It is essential that this process is guided by the company's set of policies and requirements, which are in compliance with legal norms and promote the development of organizational systems.
Therefore, decision makers need to identify the nature of the decision and the necessary information that will help to consider the available alternatives for the decision to develop possible resolutions and the assessment of the impact of their decision.
The choice of ethical decision must always be prioritized in favor of maintaining organizational transparency that generates greater reliability and positioning in the market.
Find out more information about decision making process here:
brainly.com/question/24864682
Answer:
The correct answer is B. The decrease in price causes the quantity demanded in this market to increase by 6 packs.
Explanation:
quantity demanded in this market @ $2= 3+2+1=6
quantity demanded in this market @$1.50 =4+5+3 =12
Net increase in quantity demanded is 12-6 = 6
Answer and Explanation:
The Journal entry is shown below:-
Cash Dr, $604.80 ($640 × 5.5%)
Card Expense $35.20
To Sales $640
(Being sale is recorded)
Here we debited the cash and expenses as assets are increasing also it increased the expenses On the other hand it also increased the sales. Also assets and expenses contains normal debit balance and the sales revenue contains normal credit balance
Answer:
Deferred tax is increased by $130 million
Explanation:
We have given income = $400 million
Company is subject to a tax rate of 40 %
So tax rate = 40 %
So current Tax = $400×40%= $160 Million
Decrease in deferred tax assets of 50 million result in increase in tax expense
Hence total Tax Expense= $160+$50= $210 Million
But it is given that expense is only $80 million
So change in deferred tax is increases by = $210 - $80 = $130
So deferred tax is increases by $130 million