Interest expense is calculated by subtracting EBIT from Net Income and dividing by (1 - T). In this case, it was $2.4 million.
Income StatementRevenue:
Expenses:
EBIT: $6 millionInterest Expense: $2.4 millionTax Expense: ($2.4 million x 40%) = $960,000Net Income: $3 millionInterest expense is calculated by subtracting EBIT from Net Income and dividing by (1 - T), where T is the tax rate. In this case, the EBIT was $6 million and the tax rate was 40%, so the interest expense was $2.4 million ($3 million - $6 million) divided by (1 - 0.4) = $2.4 million.
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capstone crowns is considering a project that will produce cash inflows of $11.0m in year one, $24.0m in year two, and $36.0m in year three. what is
If Capstone Crowns is considering a project that will produce cash inflows of $11.0M in year one. The present value of these cash inflows if the company assigns the project a discount rate of 14 percent is $52.41.
How to find the present value?The present value of the cash inflows can be calculated using the present value formula:
PV = CF / (1 + r)^n
where:
CF = the cash flow
r = the discount rate
n = the number of periods
For year one:
CF = $11.0 million
r = 14% = 0.14
n = 1
PV = $11.0 million / (1 + 0.14)^1 = $9.64 million
For year two:
CF = $24.0 million
r = 14% = 0.14
n = 2
PV = $24.0 million / (1 + 0.14)^2 = $18.47 million
For year three:
CF = $36.0 million
r = 14% = 0.14
n = 3
PV = $36.0 million / (1 + 0.14)^3 = $24.30 million
The total present value of the cash inflows is:
$9.64 million + $18.47 million + $24.30 million
= $52.41 million
Therefore the present value is $52.41.
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The complete question is:
Capstone Crowns is considering a project that will produce cash inflows of $11.0M in year one, $24.0M in year two, and $36.0M in year three. What is the present value of these cash inflows if the company assigns the project a discount rate of 14 percent
carsen wants to buy a pair of shoes for $23.25 and a shirt for $8.50. if the sales tax rate is 6.25%, what will be the amount of the sales tax on carsen's purchase?
Carsen wants to buy a pair of shoes for $23.25 and a shirt for $8.50. Total price = $31.75. The sales tax rate is 6.25%, The amount of sales tax on the purchase 31.75*6.25%=$1.98.
A tax that is paid to a regulatory body for the sale of particular products and services is known as a sales tax. The legislation often permits retailers to collect taxes from customers at the moment of sale. It is sometimes referred to as a usage tax when a products or service tax is paid directly to the regulator by the customer.
Normally, the law exempts some products and services, such food, education, and medicine, from sales and use taxes. Sales tax and value added tax (VAT) are two taxes applied on products and services. For a comparison of the main differences, see sales tax.
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you want to monitor the close process of all your financial subledgers and ledgers. how can you quickly obtain this information?
I want to oversee the closing process for all financial subledgers and general ledger. How can I get this information quickly View the status of each period by accessing the Manage Periods page for each subledger calendar and general ledger.
Run a completion status report. Budget administrators specify which budget accounts to monitor and determine percentage thresholds for available funds. Where do I need to define details when analyzing budget balances on the Budget Accounts Monitoring page? These implement segment value security rules. Which two statements are correct? (Choose two.) When you enable segment value security for a segment, users cannot access the value until you grant access to users and products. You can define rules using hierarchies. You do not need to rearrange your chart of accounts when you enable or disable segment value security. Segment value security rules do not take effect until you assign them to users and products. Specify intercompany system options.
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when we move along a given demand curve, question 2 options: only price is held constant. income and price are held constant. all nonprice determinants of demand are held constant. all determinants of quantity demanded are held constant.
When we move along a given demand curve, it means that we are considering changes in the quantity demanded of a good at a constant price.
The demand curve represents the relationship between the price of a good and the quantity demanded of that good, holding all other factors constant. It is important to note that the demand curve assumes that all nonprice determinants of demand are held constant. These nonprice determinants of demand include factors such as consumer income, consumer tastes and preferences, the prices of related goods, and consumer expectations about future prices and income. Therefore, when we move along the demand curve, only the price of the good changes, while all other determinants of demand remain constant. This means that the change in quantity demanded is due solely to a change in price, and not to any changes in the other determinants of demand. This type of analysis is useful for understanding how changes in price affect the quantity demanded, and for making predictions about how changes in price will impact consumer behavior.
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why is it important to start investing as early as possible?
It is important to start investing early to get better returns and plan for the future.
The value of an investment might fluctuate over time, and one could end up losing some or all of their initial investment. However, long-term investors typically profit from their investments. Young people might achieve their financial goals by investing early in the market. A person's money has more time to grow through compound interest the earlier they start investing, which can significantly boost overall returns.
Over time, making small contributions can result in significant savings and investment returns. By getting started early, you have more time to weather short-term market swings and perhaps benefit from the long-term gain. Additionally, starting early with one's assets is crucial for retirement planning because it gives the person money more time to develop and may result in a more significant source of retirement income.
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what level of management consists of the president and other key company executives who develop strategic plans?
Top management establishes the enterprise's goals and general policies. provides the required guidance for creating departmental budgets, policies, timetables, etc.
It creates the enterprise's strategic plans and policies. The strategic planning and execution of the overall business success is their top priority. Following is a summary of the top level of management's functions and responsibilities: defining the company enterprise's goals and basic policies.
Top-level managers, middle managers, first-line managers, and team leaders are the four most typical categories of managers. The daily responsibilities of these positions vary, but so do their overall responsibilities within the enterprise's and the types of employees they are responsible for managing.
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natural monopolies are often regulated in order to benefit consumers. what aspect of natural monopolies differs from a typical monopoly?
Unlike a typical monopoly, which is created through intentional actions such as mergers or acquisition of competitors, a natural monopoly occurs due to market conditions.
A natural monopoly is a type of monopoly that arises due to the high cost of producing a product or service in an industry, which leads to economies of scale. In such cases, a single firm is able to produce the entire market output at a lower cost than any potential competitor.
As a result of this market structure, natural monopolies are often regulated to prevent the monopolist from exploiting its market power and charging high prices to consumers. Regulation helps to balance the benefits of lower costs from economies of scale with the potential harm to consumers from a lack of competition. By regulating prices, output, and investment, regulators aim to ensure that consumers receive the benefits of lower costs and improved services, while also promoting competition and preventing anti-competitive behavior.
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paral has responsibility for the functions of organizing, staffing, planning, and controlling activities in a large company. these functions are most closely associated with
Manager
Activities in Management The first function of management is planning, which serves as the cornerstone for the other four domains. Planning entails laying down step-by-step instructions for achieving a particular objective. He or she will need to plan out specific steps, including what to do, when to do it, and how to accomplish it. Consider it as bridging the gap between where we are now and where we aspire to be. The manager needs to decide what needs to be done, for instance, if the company's purpose is to make a profit. This can involve increasing advertising expenditures, adding more seasoned workers, reducing expenses, or upgrading the selling products.
Organizing • The management must immediately organise the team in accordance with the plan after planning. This entails choosing the group's organisational structure and organising all of the company's resources to carry out a course of action.
Staffing • The goal of staffing is to manage all hiring and personnel requirements for the organisation. After determining their needs, management may opt to increase staffing in a particular department. Additionally, it is in charge of hiring, firing, promotions, transfers, and training.
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many u.s. retailers, like kfc and mcdonalds, will have contractual agreements with another firm or individuals, allowing that firm to fully run its businesses overseas. these u.s. companies expand globally using
As a business model, franchising. The US firm offers the brand, merchandise, and support services to the franchisee, who conducts the business according to the franchisor's techniques.
and standards. The franchisee pays the franchisor an initial fee and recurring royalties in exchange for continued training, marketing, and support from the franchisor. Franchising enables American businesses to grow abroad rapidly and with little risk. The franchisee is in charge of the day-to-day operations of the company and carries the risks of doing business in a foreign market. The franchisor gives the franchisee with the experience and assistance needed to run a successful business, while the franchisor profits from the franchisee's efforts to expand the brand. Franchising also helps US corporations firm to enter new markets without incurring the expenditures of starting from scratch. Whether it is the construction of new stores or the investment in local enterprises. This allows US enterprises to capitalize on rising demand for their products and services in global markets while reducing their risks. Overall, franchising is a popular way for U.S. retailers to grow abroad because it allows them to tap into the knowledge and resources of local franchisees while keeping control over their brand and products.
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he ending of an informative and positive business message should multiple choice always state additional information. talk about the decision-making process. state points missed out previously. make an audience aware of negatives. focus on the business relationship you share with the audience.
An insightful and upbeat business message should always end with an emphasis on the client relationship you share with them.
You can make sure the receiver departs with a positive impression of your business and is more inclined to do business with you in the future by expressing your commitment to the connection and emphasizing the positive aspects of the engagement.
It's also a good idea to express your gratitude and to indicate any future plans or chances for collaboration. To improve the business relationship and end the message in a positive tone.
This strategy not only has a favorable effect, but it also prepares the ground for subsequent contacts, fosters trust, and helps to establish a lasting, mutually beneficial connection.
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what is the presumed era for the third stratum
The Presumed era of the Third Stratum is regarding the cognitive ability.
What is the 3 stratum theory?The American psychologist John Carroll introduced the three-stratum theory of cognition in 1993. It is based on a factor-analytic investigation of the association of individual-difference variables using data from more than 460 datasets, including information from psychological testing, academic performance, and competence assessments.
According to the three-stratum hypothesis, there are three categories into which individual variances in cognitive capacity may be divided: narrow, wide, and general.
Therefore, it can be concluded that Regarding cognitive capacity, the Third Stratum is assumed to have existed.
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elsewhere in the decision, dissenting judge simons argues that the majority imposes a kind of absolute liability on a manufacturer. is he right? what might ford have done differently?
Dissenting judge Simons argues that the majority imposes a kind of absolute liability on a manufacturer it was not right.
What is liability?The term “liability” refers to a company's indebtedness to third-party creditors. The obligations include notes payable, bank debt, accounts payable, wages payable, accrued expenses, and taxes payable. Liabilities are classified as current, non-current, or contingent.
The territory judge, over Ford's expostulation, submitted both the rigorous indebtedness and opening of implied guarantee claims to the panel." Judge Simons debates that the absolute majority charges a kind of absolute liability on a manufacturing business it was not right.
As a result, the significance of the liability are the aforementioned.
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You are using Oracle Cloud Infrastructure (OCI) console to set up an alarm on a budget to track your OCI spending.
Which two are valid targets for creating a budget in OCI? (Choose two.)
A. Select group as the type of target for your budget.
B. Select Tenancy as the type of target for your budget.
C. Select user as the type of target for your budget.
D. Select Cost-Tracking Tags as the type of target for your budget.
E. Select Compartment as the type of target for your budget.
The two valid targets for creating a budget in OCI are option B. select Tenancy as the type of target for your budget and option E. select Compartment as the type of target for your budget.
Oracle Cloud Infrastructure (OCI) provides various features that can help you track and manage your spending on the cloud. One such feature is the ability to create budgets in OCI to monitor and control your spending. When creating a budget, it is important to choose the correct target to ensure accurate tracking of your spending.
Oracle Cloud Infrastructure (OCI) allows you to create budgets to track and control your spending on the cloud. When creating a budget, it is important to choose the correct target to ensure accurate tracking of your spending. Here are two valid targets for creating a budget in OCI:
Tenancy - When you select Tenancy as the type of target for your budget, the budget applies to all resources and services used in the entire tenancy. This is useful when you want to track your spending across your entire organization or when you have resources that are shared across multiple compartments.
Compartment - When you select Compartment as the type of target for your budget, the budget applies to all resources and services used in a specific compartment. This is useful when you want to track spending for a specific project, team, or business unit. By setting up a budget at the compartment level, you can easily monitor and control spending for a particular group of resources.
Other targets that may be considered include groups, users, and cost-tracking tags. A group can be created to group resources together, and a budget can be set up for the group. Users can also be selected as a target for a budget, which can be useful when tracking spending for individual users. Cost-tracking tags can be used to tag resources and services to track spending for a specific application or project.
In conclusion, when setting up a budget, it is important to choose the correct target to ensure accurate tracking of your spending. The two valid targets for creating a budget in OCI are Tenancy and Compartment. By choosing the appropriate target, you can easily monitor and control spending for your organization, team, or project.
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Write a scenario that will help you understand the following word or topic and show me that you understand their importance.
Disciplines - information literacy practices change based on the discipline (or what one is
studying or researching) to determine if information is relevant to the need
The term "disciplinary literacy" refers to reading, writing, and communication strategies that are particular to a given discipline. It emphasizes on the skills, abilities, and tools used by experts in the respective domains.
What is Information Literacy in the Disciplines Guide?Information literacy is the ability to find, evaluate, organize, use, and convey information in all of its different forms, particularly in situations when it is necessary to exercise judgment, solve problems, or acquire knowledge. Information literacy fosters and improves problem solving.
Information literacy serves as a basis for lifelong learning and encourages and enhances problem solving and critical thinking. They are able to find, utilize, and assess information to help them make decisions. Students create high-quality assessments using the proper materials.
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your father is about to retire, and he wants to buy an annuity that will provide him with $84,000 of income a year for 25 years, with the first payment coming immediately. the going rate on such annuities is 5.15%. how much would it cost him to buy the annuity today?
The going rate on such annuities is 5.15%, The cost of the annuity would be $1,626,827.50.
When he retires, your father plans to purchase an annuity that will pay him $85,000 each year for 25 years, with the first payment due right away. Such annuities typically have a rate of 5.15%. The present value of a 5-year regular annuity is $1,000. Which of the following best describes the amount of each annuity payment at an interest rate of 8%? A corporation borrows Rs. 10,000 with the agreement to pay it back in yearly installments of Rs. 1000 with compound interest at 5% p.a. An conventional (or deferred) annuity's cash flows all start at the beginning of the periods. b. If a sequence of irregular cash flows, such as once every once in a while, occurs.
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assume you just bought a new boat and now have a boat loan to repay. the amount of the principal is $68,000, the loan is at 6.75% apr, and the monthly payments are spread out over 7 years. what is the monthly loan payment?
Assume you have purchased a new boat and now have a loan to pay off. The principal is $68,000, the interest rate is 6.75%, and there are 7 years of monthly payments. Payment for the loan is $1018.01
What does borrowing money cost?The amount that must be paid each week or month to satisfy the loan's terms is known as the "loan payment." According to the principal, length of the loan, and interest rate, this can be computed using an amortization table.
The annuity factor's formula is as follows.The annuity factor is calculated by dividing the annuity's present value by the anticipated number of installments.
The present value of the annuity displays the amount of money needed right now to cover future annuity payments. Based on the principle that money earned today is worth more than the same sum earned in the future, this calculation has been made.
Given
Principle= $68,000
APR(Annual Percentage Rate)= 6.75%
Time=7 years
Let's compound the debt monthly because it will be returned in equal monthly installments.
⇒ Interest rate for monthly compounding= [tex]\frac{APR}{12}[/tex] %= [tex]\frac{6.75}{12}[/tex]%
⇒ The loan's repayment schedule in months= 7 x 12
= 84 months
Annuity PV factor = [tex]\frac{1 - (1 + r)^{-t} }{r}[/tex] = [tex]\frac{1 - (1+\frac{6.75}{1200} )^{-84} }{\frac{6.75}{1200} }[/tex] = 66.7968
Principle= (equal loan payment) X (annuity PV factor)
⇒ Loan payment =[tex]\frac{Principle}{Annuity PV factor}[/tex]
= [tex]\frac{68,000}{66.7968}[/tex]
= $1018.01
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how can a project manager best do his or her job of managing trade-offs among time, cost, and performance? multiple choice question.
Answer:
it is possible
Explanation:
If he comes to his work early and also his apprentice also come early and he give each people work to do
thank u
define and understand
The PM (project manager) should define and understand the importance or priorities of the project. and talk with the customer and upper management why the criteria is important.
what are three main factors that determine the capital cost of a piece of equipment such as a heat exchanger t a given time
The three main factors that determine the capital cost of a piece of equipment such as a heat exchanger at a given time are:
Type of equipment.
pressure of equipment.material of equipment.The equipment's pressure the equipment's substance when transferring heat from one medium to another, heat exchangers are utilised. Gases, liquids, or a combination of both may make up these media.
For mixing to be prevented, the media may be in direct touch or separated by a solid wall. A process necessitates the use of heat exchangers to provide cooling and/or heating.
Heat flows naturally from higher to lower temperatures, which is why heat exchangers function. The result is that heat can be transferred from the hot fluid to the cold fluid if they are separated by a heat-conducting surface.
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when performance of a contractual duty is no longer possible after the formation of the contract, the duty will be discharged on grounds of multiple choice accord and satisfaction. impossibility. discharge by alteration. quasi contract.
When performance of a contractual duty is no longer possible after the formation of the contract, the duty will be discharged on the grounds of:
impossibility
If performance of a contractual duty becomes impossible after the formation of the contract, the duty will be discharged because it can no longer be fulfilled. This is known as the doctrine of impossibility and it is a recognized principle of contract law. The other options you listed, "accord and satisfaction," "discharge by alteration," and "quasi contract," are not relevant to the issue of impossibility of performance.
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for each pair of firms, choose the one that you think would be more sensitive to the business cycle. required: a. general autos or general pharmaceuticals multiple choice 1 general autos general pharmaceuticals b. friendly airlines or happy cinemas multiple choice 2 friendly airlines happy cinemas
In first statement the correct option is A and In second statement the correct option is A, the general autos and friendly airlines is more sensitive to the business cycle.
A business cycle refers to the natural fluctuations in the economy over time. It is characterized by alternating periods of growth and contraction in the economy. The cycle typically lasts between five to ten years, with the economy growing and expanding during boom periods and contracting and recessing during slowdown or recession periods.
The business cycle is driven by changes in consumer spending, government policies, and technological advancements. During the expansion phase, businesses invest in new projects, create jobs, and increase production, leading to higher consumer spending, which further drives economic growth. On the other hand, during the contraction phase, businesses slow down their operations, leading to job losses and reduced consumer spending, leading to economic recession.
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For each pair of firms, choose the one that you think would be more sensitive to the business cycle.
a. General autos or General pharmaceuticals
A. General autos
B. General pharmaceuticals
b. Friendly airlines or Happy cinemas
A. Friendly airlines
B. Happy cinemas
if carbon monoxide emissions decreased from 145 million tons annually to 80 million tons annually, by what percentage have emissions been reduced?
Over the yearly period, carbon monoxide emissions have decreased by around 45%. The computation looks like this: Emissions decreased by 44.83% when 145 million people were subtracted from 80 million.
A reduction of almost 45% may be seen in the drop in carbon monoxide emissions from 145 million tonnes to 80 million tonnes. This percentage may be calculated by taking the original amount (145 million tonnes) and subtracting the new value (80 million tonnes), dividing the difference by the original value, and multiplying by 100. For example: ((145 - 80) / 145) * 100 = 45%. A 45% decrease in carbon monoxide emissions is a major improvement that can benefit the environment, public health, and air quality. The effects of climate change can be further mitigated by actions taken to further reduce emissions, such as switching to cleaner energy sources and supporting sustainable mobility.
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most services consist of a bundle of goods and services known as the service package, which is the major output of the development process. group of answer choices true false
True. The service bundle is the first kind. This is a collection of services that a business sells as a whole. Every service has a service package, which is a collection of products and services offered in a specific setting. The primary result of the development process is the service package, not a quantifiable good.
A cleaning firm might offer a basic service package, for instance, that covers weekly cleaning for a month. Vacuuming, mopping, dusting, doing the dishes and laundry, and cleaning the bathroom are all included in this cleaning. This is a service bundle because it is a combination of the cleaning service's separate services. Keeping track of which customers have made which purchases is the managerial problem presented by offering service bundles.
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which characteristic is most important to running a successful monopoly? the only buyer of a resource or type of labor the only seller of a difficult-to-substitute product the only seller of a non-essential product the only buyer of a consumer product
The key to operating a successful monopoly is having a single customer for a resource or kind of labour.
A single provider of goods results from circumstances such as a legal permission, resource ownership, copyright, patent, and high entry barriers in a monopoly market. All of these characteristics discourage other merchants from entering the market. Monopolies have access to information that other sellers do not. Monopolies are able to set rates and maintain steady, dependable pricing for customers in the absence of competition. Monopolies benefit from economies of scale and can frequently manufacture large volumes of goods for less money per unit. A business can invest in innovation when it has monopoly power because it won't have to worry about rivalry.
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a nonprofit organization is considering holding a series of sessions to develop its mission, vision, goals, operation model, and strategic plan. differentiate between planning for charities versus for companies. how will the process be different for the nonprofit?
The organization's strategic goals will combine performance goals for the charity's mission, financial goals, and fundraising targets.
The non-profit organisation is guided by its mission and its purpose, whereas the for-profit organisation is (often, if not always) directed by its vision and seeks to accomplish a better edition of themself within a. This is the key distinction between these two organisational structures in terms of long planning. A for-profit business seeks to eventually distribute shareholder dividends or profits to owners. A nonprofit's objective is to advance its mission, that includes generating enough revenue to maintain operations. Unlike strategic planning, which is primarily focused on the quantitative side of operations.
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which of the following refers to the fact that some people stay on their jobs, even when they decide they are unhappy and should leave? group of answer choices affective commitment normative commitment job embeddedness job enrichment
The "job embeddedness" refers to the fact that some people stay on their jobs, even when they decide they are unhappy and should leave.
The job embeddedness is the term which defined the set of collection of forces which influence employee retention. The job embeddedness distinguished from the turnover which emphasis is on all of the factor to keep an employee on the job.
The job satisfaction is independent from the job embeddedness. This job refers to the fact that some people stay on their jobs, even when they decide they are unhappy and should leave.
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a diagnosis of the competitive challenge, an element of a good strategy, is primarily accomplished through strategy multiple choice formulation. analysis. control. implementation.
The correct answer is analysis. A diagnosis of the competitive challenge is an essential part of developing a good strategy.
This involves evaluating the current market conditions and understanding the strengths and weaknesses of your competitors. The goal is to identify the key factors that are affecting your competitiveness and to determine how you can gain a competitive advantage. This requires a thorough analysis of the market, the competition, and your own organization. Strategic analysis involves a range of techniques, such as SWOT analysis, PESTEL analysis, and Porter's Five Forces analysis. These tools help you to identify the internal and external factors that are affecting your competitiveness, and to develop a comprehensive understanding of the competitive landscape. This information is then used to formulate a strategy that takes into account the strengths, weaknesses, opportunities, and threats facing your organization. In conclusion, a good strategy is built upon a solid foundation of analysis and understanding of the competitive challenge. This enables organizations to make informed decisions, to develop a strategic plan that takes into account the current market conditions, and to establish a clear path for growth and success.
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If the consumer price index was 93 in Year 1, 97 in Year 2, and 100 in Year 3, then the base year must be
If the consumer price index was 93 in Year 1, 97 in Year 2, and 100 in Year 3, then the base year will be Year 3 because the base year is typically chosen as the year with a Consumer Price Index (CPI) value of 100.
The Consumer Price Index is a measure of the average change in prices over time in a basket of goods and services consumed by households. The base year is used as a reference point to measure the changes in prices of the basket of goods and services over time.
In this case, the Consumer Price Index in Year 1 was 93, in Year 2 was 97, and in Year 3 was 100. By using Year 3 as the base year with a value of 100, we can see that prices have increased by 7.2% from Year 1 to Year 2 (97/93) and by 3.09% from Year 2 to Year 3 (100/97).
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if you pay $10 to see a movie at a multiscreen cinema, then sneak into a second movie without paying, the marginal cost of the second movie is:
If you pay $10 to see a movie at a multi screen cinema, then sneak into a second movie without paying, the marginal cost of the second movie is $0.
As the second movie has been watched without paying, the additional cost is equal to nil.
The marginal cost, or the price of producing more, is the variation in total cost that results from increasing the quantity produced in economics.
It can refer to an increase in output of one unit in some situations and to the rate of change in total cost as output rises by a tiny amount in others.
The difference between average cost, or total cost divided by the quantity of units produced, and marginal cost is that latter.
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a corporate bond has a coupon rate of 10 percent and a required return of 10 percent. this bond's price is: multiple choice $924.18. $1,000.00. $879.68. $1,124.83. not possible to determine from the information given.
a corporate bond has a coupon rate of 10 percent and a required return of 10 percent. this bond's price is $1,000.
When the coupon rate and the required return on the bond are equal then the bond will trade at par value. Generally the par value of the bond is $1000 and hence in this case, the bond will trade at $1000.
The bond's price cannot be determined from the information given. The coupon rate and required return are inputs into the calculation of a bond's price, but other factors such as the bond's maturity and face value, as well as market conditions, also play a role. To determine the bond's price, you would need to use a bond pricing model, such as the discounted cash flow model.
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the country of marita ensures strong legal protection of property rights. it is likely that the businesses and individuals in marita will:
The "transfer of ownership and management of government or state assets, enterprises, and activities to private investors" is how the Organization for Economic Cooperation and Development (OECD) defines privatisation (OECD, 2003).
The size of the market, the current wealth (purchasing power) of consumers in that market, and the anticipated future wealth of consumers all affect the long-term financial gains of conducting business in a nation. The "transfer of ownership and management of government or state assets, enterprises, and activities to private investors" is how the Organization for Economic Cooperation and Development (OECD) defines privatisation (OECD, 2003). The government controls what is produced, how it is produced, and how it is dispersed in a command economy. A command economy does not have private enterprise.
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