Answer:
The answer is: b
Explanation:
At equilibrium the quantity of oil supplied is equal to the quantity of oil demanded at the equilibrium price. In summer, two events will occur which will trigger a move from equilibrium.
- A decrease in the supply of oil
Holding all else constant, a leftward shift in the supply curve leads to higher oil prices and lower quantities of oil.
- An increase in the demand for oil
Holding all else constant, a rightward shift in the demand curve leads to higher oil prices and higher quantities of oil.
In both scenarios, the shifts will result in higher oil prices but the change in quantity is ambiguous.
Answer:
Leaders should promote the strengths of the business they are passionate about
Explanation:
Leadership refers to a process whereby an individual induces others into a desirable course of action which is directed at fulfillment of organizational goals and objectives.
Some of the basic necessary qualities a leader must possess include, confidence, honesty and integrity, leading by example, diligence etc.
The given statement points towards two leadership traits. First being creativity, whereby the leader aims to create something unique. Second being, diligence.
The statement conveys the fact that leaders should strengthen the business they belong to via creation of something worth creating from the perspective of business.
Provides as much order, amenity, and service.
Answer:
$20 million
Explanation:
Data provided in the question:
Book value of assets in 2005 = $1,200 million
Fair value of assets in 2005 = $955 million
Book value of assets in 2006 = $720 million
Fair value of assets in 2006 = $700 million
Now,
Impairment Loss = Fair value - Carrying value of Net assets
or
Impairment Loss
= Fair value of assets in 2006 - book value of assets in 2006
= $700 million - $720 million
= - $20 million [ Here, the negative sign means a loss]
Hence,
Impairment loss of $20 million
