Answer: Option (3) is correct.
Explanation:
Correct option: All choices have opportunity costs.
Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.
If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.
In our case, Neha is training for a triathlon, there are three activities involved in a triathlon and training hours are limited. If Neha wants to spend a hour on swimming then she have to sacrifice training for biking and running for during that time.
Therefore, every choice has an opportunity cost associated with it.
Answer:
The answers are:
B) Transfer the remaining funds to the debt service fund which will be handling the long-term debt incurred for the construction of the building.
C) Return the excess to the source of the restricted funding.
Explanation:
The fund balance of $12,000, means that the money left over was $12,000. When a government entity's project has a left over or excess, called surplus, it must first return it to the debt service fund.
At the end of the construction project if any money is left over, it must be returned to the source of the restricted funding.
Answer:
d. the country would rank low on the accounting values of conservatism
Explanation:
Gray's accounting framework postulates that the 4 accounting values of professionalism, conservatism, secrecy, and uniformity can be used to predict differences in accounting systems internationally.
Uncertainty avoidance is the degree to which cultures tolerate unpredictability.
Counties with high uncertainty avoidance are more conservative for example Japan.
While countries that have low uncertainty avoidance are less conservative. They are flexible to change and more willing to take risks.
Exchange
<span>Exchange is simply the act of the of giving and receiving between two individuals or two groups. A trade is a typical example of an exchange.
For instance, if a farmer gives a fixed number of eggs to another farmer for a
fixed quantity of cow’s milk, this is an exchange. Similarly, if a house guest offers to cook and
clean in return for free accommodation, this is an exchange. </span>
Answer: Customers are more likely to try the product because they are not risking as much money.
Explanation:
Many market have competition, despite customers want the best for their money, they still want the best various prices especially that which is a bit lower, so they know they are not spending much but also getting the best. Some organization would want to sail their market either when entering the market or when they are experiencing a low sales, they now consider reducing the price of their items, in this case, customers would consider them because they are not spending much money
