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What are the 3 basic economic questions?
The three basic economic questions are:What goods and services should be produced?How should the goods and services be produced?For whom should the goods and services be produced?
What Three question every economy must answer?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?
What is the importance of operation research in industries?
1. It enbles new and improved processes to be invented. 2. Industries are able to produce products of improved quality 3. Through research industries are able to obtain freedom from domination by foreign countries
What are the aims and objectives of public corporation?
1) Serve the community 2)Keep the prices low 3)Decrease the rate of unempployement 4)Produce more needs than goods.
What factors are important for the location of factories?
factors affecting the location of industries are as follows 1.raw materials 2.capital 3.transport 4.market 5.water 6.power 7.land 8.labour 9.communication
What are california's top 3 industries?
Shipping, marijuana sales, and Produce
What are the 3 types of inventory?
raw materials work in process finished goods
What are the 3 basic economic questions?
The three basic economic questions are:What goods and services should be produced?How should the goods and services be produced?For whom should the goods and services be produced?
What Three question every economy must answer?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?
What is the importance of operation research in industries?
1. It enbles new and improved processes to be invented. 2. Industries are able to produce products of improved quality 3. Through research industries are able to obtain freedom from domination by foreign countries
List 3 main industries of Indiana?
1.) G and T Industries 2.) Business Industries 3.) BOAH Industries-License Industries
What is the Definition of Manufacturer?
One who manufactures.
How significant is the services industry?
If this trend were to continue, by 2010 more than $3 out of every $5 of final goods and services produced would stem from the service industries.
Manufacturing business three different inventory accounts?
1 - Raw material Inventory 2 - Work in process inventory 3 - Finished Goods inventory
What is the importants of research in industry?
1. It enbles new and improved processes to be invented. 2. Industries are able to produce products of improved quality 3. Through research industries are able to obtain freedom from domination by foreign countries
Land is cleared for what three industries?
1 Logging 2 Rubber industries 3 mining industries
What is production cost in cost accounting?
COST OF PRODUCTION IN ACCOUNTING: is defined as the amount spent in the converting of raw material into finished goods. in the manufacturing account is calculated by Add:opening stock of ram material :purchase +carriage inward -return outward=cost of goods available-closing stock=cost of sales +prime cost+factory overhead+net work in progress=cost of production
