The correct answer is: D. beach towel production is not allocatively efficient but is productively efficient.
Explanation:
Production costs are the night terror that keeps many business owners awake. These costs seem to have a mind of their own and the only solution is to keep track of them to keep them under control. A successful entrepreneur must find a way to operate his business efficiently and profitably to always be aware of production costs. And for this, it is best to track expenses to see if labor, materials or overhead are exceeding the amounts allocated in a budget at each stage of production.
A contract exists where each involved party agrees to fulfill its obligations as per the terms of the agreement. The two or more parties involved are in consensus regarding the subject matter. A contract valid and in force, once the offeror makes the offer, and the offeree accepts it.
Steel and mike are in are contract. Mike has accepted the offer by steel. Other elements that must be present for a contract to be valid are the existence of consideration, mutual obligations, and the ability to fulfill one's responsibility.
This will increase the closing inventory in the balance sheet and the increase in the closing inventory will decrease the cost of goods sold. The lower the cost of goods sold the greater is the profit.
The good roads amendment is a law enacted by legislatives in the USA states that ensure maintenance of roads in each state as well as interconnecting roads.
It states, amist other things, that 75% of road user fees collected through tolls and other means are spent on road maintenance.
