Answer:
Planning management function
Explanation:
Planning is a management procedure which aims to identify objectives for the long term future of an organization and to determine the tasks and resources required in achieving these objectives. Managers should create a business plan or a marketing plan for achieving objectives.
Answer:
B. will be horizontal
Explanation:
A type of market where output is identical to the output of any other firm in the market and the market has many firms and transaction costs are low is the perfect competition.
The demand curve is horizontal because in this type of market, price is set by the forces of demand and supply. Buyers are sellers are price takers and they don't have any influence over prices. At the going market price, sellers sell all the quantities of their products.
But if they attempt to increase price, quanitity demanded would fall to zero as consumers would easily shift to other sellers. Also, there would be no incentive to reduce price because they would be earning a loss.
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The accounting entry is to Credit Cash for 25000 and Debit Common Stock for 25,000
<h3 /><h3>What is journal entry?</h3>
Journal entry shows how a business financial transactions are being recorded.
Typically, when cash is withdrawn from a business or personal account, the accounting entry is to credit the cash account.
Hence, the accounting entry is to Credit Cash for 25,000 and Debit Common Stock for 25.000.
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Answer:
The correct answer is letter "B": how responsive quantity supplied is to a change in price.
Explanation:
Price elasticity of supply describes the relationship between changes in quantity supplied and prices. <em>It is calculated by dividing the percentage change in quantity supplied by the percentage change in price</em>. If the result is equal to or greater than 1, the supply is elastic. This means in front of relatively small changes in price, major changes in quantity supplied will occur.
If the result is a figure lower than 1, the supply is inelastic which mear changes in prices will not affect the quantity supplied.
A products deficit results when a country buys more products from other countries than it exports to them