Understanding Businesses and Their Functions
What is a Business?
A business is any activity intended to produce goods and services that satisfy human needs. It’s an ongoing endeavor that combines resources or productive factors to meet its objectives.
Key Resources in a Business:
- Material Resources: Mineral deposits, water resources, forests, raw materials.
- Capital: Machinery, buildings, business premises, money, technology used to manufacture a product or service.
- Human Resources: Managers, department heads, operators, vendors.
The combination
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ITEM 1: INTRODUCTION
In today’s society, the trading of goods and services is primarily conducted through money. Economic units often find themselves needing resources at specific times. While some entities possess surplus resources, others require additional resources to function effectively. This discrepancy creates a need to connect savers, who have excess resources, with investors seeking capital. This connection is facilitated by the financial system.
CONCEPT AND CHARACTERISTICS OF THE FINANCIAL
Read MoreChilean Standards and the National Institute for Standardization (INN)
National Institute for Standardization (INN)
The National Institute for Standardization (INN) is a private foundation founded by the Corporacion de Fomento de la Produccion (CORFO). As a technical and non-profit agency, it serves as the legal continuation of the National Institute for Technological Research and Standardization (Inditecnor).
The INN’s primary functions include:
- Developing and disseminating Chilean standards (NCH)
- Conformity assessment
- Coordinating the National Metrology Network
- Providing
Macroeconomics Study Guide: Comprehensive Q&A with Explanations
Macroeconomics Study Guide: Comprehensive Q&A
1. As part of the aggregates of an economy open to foreign trade and with a public deficit, it can be affirmed that:
a) If there is a trade surplus, there will be a private sector surplus.
Consider an open economy where goods are exported for a value of 100 and imported goods are worth 50. In accounting terms of aggregate quantities:
b) If the public sector is in deficit, private savings must be greater than private investment.
2. The deflation refers
Read MoreModes of Transportation and Logistics
What is the Characteristic of Air Travel?
Air transport can be conducted on a regular basis, through available aircraft, or by charter aircraft arranged by shippers.
This mode of transport has a very special feature compared to others, which is that it is conducted by air while having the entire framework of its operation on land. It’s fast and suitable for goods that cannot be delayed by other modes and are in need of a preferred transit time, such as: samples, high-value items, fragile goods, those
Read MoreFinancial Markets: A Comprehensive Guide
Portfolio Analysis
A portfolio is a collection of financial assets, such as stocks, bonds, and mutual funds, that are managed to meet specific investment goals. Portfolio management involves selecting and adjusting the assets in a portfolio to achieve the desired balance of risk and return.
Modern Portfolio Theory
Modern Portfolio Theory (MPT) is a mathematical framework for constructing portfolios that minimize risk for a given level of expected return. MPT suggests that diversification, or investing
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