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natita [175]
2 years ago
10

The term consumer sovereignty means that Multiple Choice government is responsible for protecting consumers' interests. what is

produced is ultimately determined by what consumers buy. there are no limits on what consumers may buy in a market system. producers have strong control over what consumers buy.
Business
1 answer:
JulijaS [17]2 years ago
7 0

The term consumer sovereignty means that what is produced is ultimately determined by what consumers buy.

  • The following are some restrictions on consumer sovereignty: Productive powers: In a capitalist society, the consumer's degree of autonomy is constrained by the collectively held productive abilities.
  • Technical knowledge level: With the current level of technology, any things created must satisfy the consumer.
  • When businesses invite consumers to test products or hear pitches for new ideas, this is an example of consumer sovereignty in action.
  • It grants consumers control over the decision-making process before goods are produced.

What does consumer sovereignty mean?

  • consumer autonomy. the ability of customers to control production. variable market.
  • a transaction in which businesses buy home inputs for production.

Learn more about consumer sovereignty brainly.com/question/2218376

#SPJ4

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The goal of financial management is to increase the:A. future value of the firm's total equity.B. book value of equity.C. divide
FromTheMoon [43]

Answer: Option (D)

Explanation:

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3 years ago
Michael Barry, Attorney, P.C. began the year with total assets of $126,000, liabilities of $74,000, and stockholders’ equity of
goldenfox [79]

Answer:

The expenses can be recorded as follows;

Debit to the expenses of $33,000 and a credit to the cash account of $33,000.

Explanation:

The accounting equation is an equation that tends to balance a company's assets on one side and the sum of its liabilities and shareholders equity on the opposite side of the equation. It form the basis for the double-entry system in accounting that includes an accounts debit and credit. The debit is a sum to an amount that is owed, it is usually listed on the left hand-side of an account while the credit is a listing of a sum that is received usually on the right hand side of an account.

In the case of Michael Barry, the accounting equation;

Assets=liabilities+stockholders equity

Assets=$126,000

Liabilities=$74,000

Stockholders equity=$52,000

liabilities+stockholders equity=74,000+52,000=$126,000

The assets equals the sum of the liabilities and stockholders equity.

To record expenses paid of $33,000;

                            Debit           Credit

Expenses          $33,000

Cash                                       $33,000

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