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What best describes whether labor directly contributes to production Human labor A contributes efforts and ideas which drive production B has no effect on production C has minimal effect?
Wiki User
∙ 7y ago
Resources created by humans to aid production. Human effort and ideas drive production.
Wiki User
∙ 7y ago
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What factor of production includes people with all their efforts abilities and skills?
value
Definition of direct production?
Definition from Financial Times Lexicon: When someone produces all the things they need using their own efforts and skills, without the advantages of specialization (concentrating on producing only one product) or the division of labour (using different people to do different jobs). Direct production is more an economic model than a real production method.
Why is the production of pulses and oil seeds still lagging behind?
One reason might be that cereal crops tend to yield higher volumes and plant breeders' efforts to increase yield have typically been more successful with cereals than with pulses or oilseeds.
Explain and critically evaluate the full cost and successful efforts methods of accounting for pre-production costs?
Pre-production costs can be defined as those costs related to acquisition and retention, exploration and development. The treatment of these three categories of cost vary based on whether one has elected the full cost or successful efforts method of accounting. The critical difference between the two methods is whether certain costs are capitalized or expensed and how the capitalized costs are depleted. Under the full cost method, all costs (by country) of exploring and developing wells (whether proven or unproved) are capitalized and then depleted using the units of production method whereby your total proven reserves are considered. Basically, all of the costs of developing wells, whether successful or unsuccessful, are depleted as production units are realized from your proven wells. This method is allowed by the SEC but not preferred by the FASB and is intended as an incentive for the exploration of further oil and gas resources since costs related to unsuccessful exploration can be expensed over time rather than as incurred. Under the successful efforts method, costs are grouped by some smaller basis, usually fields, and are capitalized by group if the costs directly result in the development of proved reserves. Costs not resulting in proved reserves are expensed as incurred (or as a determination of proven reserves is made). Basically, within a cost group, exploratory dry wells are expensed and exploratory successful wells are capitalized.
What are the production factors and explain why each is necessary for production to take place?
Land: This term is used to cover all of the natural resources provided by nature and includes fields and forests,oil,gas,metals and other mineral resources Labour:This is the efforts of people needed to make products Capital: This is the finance, machinery and equipment needed for the manufacture of goods Enterprise : This is the skill and risk taking ability of the person who brings the other resources or factor of production together to produce a good or service. for example, the owner of a business. these people are called entrepreneurs.
What term describes the efforts to persuade policymakers to pass laws?
Lobbying
Fertile soil has helped in the rebuilding efforts in?
Fertile soil has helped in the rebuilding efforts in farming activity whereby production is increased.
What factor of production includes people with all their efforts abilities and skills?
value
Which word best describes England's efforts in the 1500s to compete with the Spanish Empire?
Privateer
What best describes the success of recent efforts to ban same-sex marriage?
The most recent efforts to ban same-sex marriage, in Minnesota, Maine and Washington, were a complete failure.
Who introduced the production concept of specilization?
The prominent Russian Leader Vladimir Lenin encouraged efficiency in work production by creating specialty areas. If units of labor are divided within the workforce, then production efforts would increase.
How did railroads helped the war efforts?
moved vital supplies from production plants to ports of embarcation for shipment overseas...
In Everyday Use the author describes Dee (Wangero) as determined to stare down any disaster in her efforts. Which sentence about Maggie provides contrast to these traits?
She was determined to stare down any disaster in her efforts ~Apex
How do I apply for a position at Fabri-Kal?
I feel that my expertise would fit NICELY into your needs SOMEWHERE amongst your production efforts!
Briefly discuss Wages with the help of example?
Payments for the applications of human efforts for the production of goods and services is termed as wages.
Who did the bourgeoisie include?
Those who own the means of production and manipulate the proletariat workers by extracting the surplus value of the proletariat laborers efforts.
A 527 organization?
seeks to influence elections through voter mobilization efforts and issue ads that do not directly endorse or oppose a candidate
