Beginning Inventory Ending Inventory Finished goods (units) 24,000 34,000 Raw material (grams) 54,000 44,000 Each unit of finished goods requires 2 grams of raw material. The company plans to sell 190,000 units during the year. The number of units the company would have to manufacture during the year would be:

Production= 200,000

Explanation:

Giving the following information:

Beginning Inventory Ending Inventory

Finished goods (units) 24,000 34,000

The company plans to sell 190,000 units during the year.

To calculate the production required, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

Production= 190,000 + 34,000 - 24,000

Production= 200,000

C. Open democratic societies.

Explanation:

Generally, the cost of doing business is most likely to be the lowest in an open democratic societies.

An open democratic society is one that is characterized by a degree of freedom for the populace and as such, it gives the people the privilege of fairly competing for all resources.

In an open democratic society, there's ease of doing business because the government would ensure there's an enabling environment by virtue of laws, regulations, policies, SME loans, taxation etc. The open society being opposed to autocracy, ensures that the government is typically responsive and tolerant to every individual living in the country. This simply means that, fundamental human rights and all the necessary infrastructures or amenities such as power, water, transportation systems are readily available and accessible to all.

Consequently, the cost of doing business becomes low and more individuals would be willing to startup their business; investors are confident of investing in the economy because they believe in the system put in place in an open democratic society.