Increases outputs by smaller and smaller amounts.
Diminishing returns means that at a certain point with all other factors equal, increasing the inputs will yield more and more decreased outputs.
There are different kinds of estate. In a freehold estate immobility describes when the ownership includes all immovable structures attached to the land such as buildings, trees, and underground resources.
Freehold estates is known to be made up of 2 components. They are:
- immobility: This is simply the ownership of all immovable structures that is attached to land.
- An indefinite ending: This is known to stay or exist for a lifetime.
Freehold estates are simply known to be a type of estates that has indefinite lifetime and it can exist for a lifetime or forever.
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Answer:
Explanation:
You would want to have a look at the work place you are working in and if its up to health and safety standards, the work places safety code of conduct and should be reported to the workplaces manager on duty, the person head in charge or your workplaces HR. You might decide to change first aid procedures to ensure the injured is helped ASAP.
Answer:
numerous cost pools and numerous cost drivers
Explanation:
Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.
In Financial accounting, one of the most widely used activity-based costing technique is the time-driven activity-based costing.
Time-driven activity-based costing (TDABC) avails business owners the opportunity of reporting their costs on an ongoing basis (real time) which give details about the various cost of doing business, as well as the time spent on them respectively.
Cost pool is simply the amount of money spent by a firm on a particular activity.
Generally, an activity-based costing uses numerous cost pools such as manufacturing cost or customer services and numerous cost drivers such as direct labor hours worked, number of changes used in engineering department, etc.
