Answer:
The resource owners acts as the suppliers of factors of production like land, labor, capital or entrepreneurship to the businesses which pay these resource owners with either wages, rent, interest or profit.
The correct answer is: [C]: "business process model" .
_______________________________________________________
Answer:
High-involvement purchase situation.
Explanation:
As part of the consumer decision process, the process consumers go through in making a purchase can differ between low involvement and high involvement purchase decision.
Low involment:
-need recognition
-evaluation of alternatives
-purchase decision
-postpurchase evaluation
High involment:
-need recognition
-information search. advertising helps the search process by providing information and making it easy to find. This stage can be casual or formal.
-evaluation of alternatives
-purchase decision
-postpurchase evaluation
Answer:
Cost of Goods Sold 70 Inventory 70
Explanation:
For recording the inventory in the book of accounts, we consider the cost or net realizable value whichever is lower
According to the question, the inventory unit for A would be recorded at $655, and the inventory unit for B would be recorded at $505 as these reflect the lower cost.
The journal entry is shown below:
Cost of goods sold A/c $70 ($575- $505)
To Inventory A/c $70
(Being adjusted entry recorded)
