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2 years ago

True or false: positive economics encourages value judgments.

Business

1 answer:

Stels [109]2 years ago

3 0

Positive economics encourages value judgments False

This is further explained below.

<h3>What is positive economics?</h3>

Generally, positive economics is simply defined as describing a particular approach to the study of economics. Many economists base their forecasts on past and present events inside an economy.

In conclusion, In a nutshell, a flourishing economy does not promote moral judgments.

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The unintentional misstatement or nondisclosure of a material fact made by one party with the hope of influencing the other part

wolverine [178]

The correct answer of the question is Fraud.

The unintentional misstatement or nondisclosure of a material fact made by one party with the hope of influencing the other party amounts to: Fraud.

<h3>What is Fraud?</h3>

It is a form of deception or an unlawful gain.
It is an intentional form of deception that can have various criminal consequences.
There are various kinds of frauds like bank fraud, insurance fraud etc..
It is committed with the intention of gaining an unauthorized benefit.
it can occur in various domains like finance, real estate, insurance etc.
Usually a fraud can lead the person to have legal consequences and the victim can sue the person or organization which was involved with the crime.

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5 0

1 year ago

the general rule associated with the segregation of duties is that accounting controls should be set up to separate (1) custody

irina1246 [14]

The general guideline for the segregation of duties is that the following areas should be separated by accounting controls : 1. custody of assets, 2. authorization of transactions, and 3. record-keeping responsibilities.

<h3>Give a brief account on segregation of duties.</h3>

The assignment of distinct steps in a process to different personnel is known as the segregation of duties. By exercising extreme control over a process, the goal is to prevent situations in which someone might steal something or do another fraud. In essence, distinct parties should have physical custody of an asset, record-keeping responsibilities for it, and acquisition and disposal authority.

A key component of a control system is the separation of roles. When evaluating an entity's system of internal controls, auditors will consider duty segregation and will give the system a lower rating if there are any segregation problems.

The auditors will change their methods when there are segregation problems because they will presume that the danger of fraud has increased. This method shift typically entails a rise in audit workload, which is passed on to the customer in the form of higher audit fees.

To know more about, segregation of duties, visit :

brainly.com/question/28289850

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4 0

1 year ago

When the first Pizza Hut opened its doors back in 1958, it offered consumers one style of pizza: its Original Thin Crust Pizza.

slega [8]

Answer:

<u>Monopolist competition</u>.

Explanation:

The market structure of monopolistic competition occurs when there are several companies offering similar products, which even though substitute products cannot be considered perfect substitutes. Monopolistic competition is characterized when in the market there are many sellers competing for a higher market position of some product or sector. This type of monopolistic competition is characterized by free entry to other companies, which makes it increasingly competitive in the pursuit of customer preference.

5 0

3 years ago

From a firm's point of view, when the demand for a good has a price elasticity of 0.5, then, all things remaining the same, a(n)

jeyben [28]

Answer:

The correct answer is: increase in the price of the good will increase the firm's revenue.

Explanation:

When the demand for goods has a price elasticity of 0.5, it implies that the demand is relatively inelastic. This implies that a proportionate change in price will cause less than proportionate change in price.

So when the firm increases the price of a good, this will lead to a smaller decline in the quantity demanded of the commodity. As a result, the total revenue will increase.

6 0

3 years ago

Required information The Foundational 15 [LO5-1, LO5-3, LO5-4, LO5-5, LO5-6, LO5-7, LO5-8] [The following information applies to

Romashka-Z-Leto [24]

Answer:

$5,000

Explanation:

Sales $20,000

Variable expenses $12,000

Contribution margin $8,000

Fixed expenses $6,000

Net operating income $2,000

margin of safety in $ = current sales level - break even point

margin of safety in % = (current sales level - break even point) / current sales level

first we need to calculate the contribution margin per unit = $20 - $12 = $8 per unit

break even point = fixed costs / contribution margin = $6,000 / $8 = 750 units

sales level at break even point = 750 x $20 = $15,000

margin of safety in $ = $20,000 - $15,000 = $5,000

margin of safety = ($20,000 - $15,000) / $20,000 = $5,000 / $20,000 = 25%

5 0

3 years ago