Ideally, management should compare its budget to Actual <span>performance every month in order to determine if the company is performing as expected.
By doing this, the management could create some sort of financial control to prevent the company from bleeding out its budget without gaining a sustainable amount of profit</span>
Any combination of goods that can be produced with currently available resources is an efficient point. Thus, option C is correct.
<h3>What are resources? </h3>
Every company's basic production inputs and outputs in the supply chain are considered economic assets. The concept of corporate finance, in particular, the management of yield and pricing.
As there will be no need to purchase any new product and the old ones will also be made just without making any expenses, then that means that the line of production will receive a point in efficiency. Therefore, option C is the correct option.
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The question is incomplete, the complete question will be;
a. attainable and efficient point.
.b. attainable point
c efficient point
d. inefficient point.
Answer:
B) Entrepreneurship and knowledge
Explanation:
For Darnell, labor is readily available. The many locations where he can set up his business represents land. He is sure to get start-up funds, which is capital. Out of the four factors of production, he now needs entrepreneurship skills and knowledge.
Entrepreneurship is the art of creating a new business and managing it to profitability. It involves taking risks associated with pursuing a business opportunity. Darnell is the entrepreneur in this case. He has to coordinate all the other factors of production and make them work as a unit. He needs the knowledge to start and manage the business to make it successful.
Answer: $0
Explanation:
The cyclical deficit occurs when there is a different between the actual output and the potential output. This is why it is calculated by the formula:
= Tax rate * ( Potential output - Actual output)
As the economy here is at the potential output, it means that both the actual and the potential output are the same. In such a case, there would be no cyclical deficit.
This can be proven by the formula:
= Tax rate * ( Potential output - Actual output)
= 30% * (0)
= $0
