Questions from potential investors will be related to the functionality of the business plan presented. These questions have to be answered in a professional manner in the sense that the presenter has to be friendly and accommodating in his attitude. He should make eye contacts with the questioners. Each question should be answered with the goal of making the questioner understand the question that is bothering him or her. Answers should be given in a formal and explanatory tone that suggest that the presenter knows what he is talking about.
Answer:
B) Country A uses fewer resources to produce corn than Country B does.
Explanation:
An absolute advantage is a situation where a country or a company can produce some goods and services using fewer inputs compared to competitors. The company can produce more quantity of using the same amount of inputs than others. A country with an absolute advantage will manufacture a product at a lower cost than other countries or companies.
Absolute advantage enables companies and countries to gain from trade. Through specialization, a company will focus on what it can produce at a lower cost than others, and sell it. Country A has an absolute advantage if it can produce corn at a lower cost than country B.
Explanation:
Millennials are a generation of young people born between the 80s and 90s who were born in a globalized reality and with a strong presence of the internet.
These young people directly impacted the business world with their inclusive behaviors and values with respect to different cultures, genres, etc.
Traditional companies had to adapt to include this new generation in their processes. In the internal environment, a change in paradigms and organizational values can be noticed, turning the focus to diversity and corporate governance. It is also possible to perceive the interaction between employees, the reduction of bureaucracy in processes, the inclusion of technology to make work more automated and simplified.
In the external environment, it is possible to notice that the advertising campaigns have changed, with a more dynamic and youthful focus, focused on technology innovations and important issues for the generation, in addition to perceiving the increase of companies in social networks to build relationships with millennials.
Answer:d. LIFO will result in higher income taxes than FIFO
Explanation:
A period of rising prices means price will be higher on the latter goods than the former, inventory sold on Last in first out method (LIFO) will be costlier in this period than inventory sold on First in First out ( FIFO) this invariably means LIFO will result in lower net income due to high cost of inventory compared to FIFO and the lower the net income the lower the income tax this invariably means LIFO will result in lower income tax.
Average costing will yield result that are between those of LIFO and FIFO since it can an average of two price with one LIFO and the other on FIFO, LIFO will result in higher cost of goods sold since the latter goods will be costlier, FIFO will result in higher net income since the goods will be cheaper than LIFO.
