The AICPA is required to adopt ethics standards that are at least as restrictive as the IESBA rules.
Answer: Option D
<u>Explanation:</u>
IESBA stands for the international ethics standards board for the accountants. As clear from the full form, this board performs the activities of setting up the ethics which the accountants need to follow while they are performing their work of making the accounts.
This body is not a national level but established at an international level. The other body which is the AICPA also needs to adopt the rules which are as restrive as the ethics of the IESBA.
Answer:
All the answers are right
Explanation:
A.To provide a hedge against inflation. : in an inflationary economy, a company can invest in inventory in order to be prepared for the higher prices of raw materials to come. So they can maintain the company´s profit.
B. To tightly synchronize production and distribution processes: inventory of final products can help to minimize the effects of unexpected production problems.
C. To ensure that item cost is maximized: A company can buy a bulk of raw material since the cost of a large number of units is lower. So the final product's cost will be maximized.
D. to tightly synchronize a firm's production with its customers' demand: for example in a seasonal demand, There are certain months when the demand exceeds the production capacity. In theis case, in the lower season months, the company will be increasing the inventory in order to meet the demand when the high season comes.
Answer:
b. incur the opportunity cost of ignoring the wishes of others.
Explanation:
Opportunity cost in economics is seen as the forgone cost of doing something.
So in this instance where private ownership rights are well defined, everyone knows what is his own and what belongs to others.
The opportunity cost of this will be to ignore the wishes of others. They must now consider the wishes of others.
The appropriate response is the marginal product of labor is at its most elevated. In financial aspects, the marginal product of labor (MPL) is the adjustment in yield that outcomes from utilizing an additional unit of work. The minimal result of an element of generation is by and large characterized as the adjustment in yield-related with an adjustment in that component, holding different contributions to creation steady.
