If the current price of a pound of chicken is $3 per pound and the equilibrium price is $6 per pound what takes place is: a) There is a shortage , so the price rises and quantity demanded decreases.
The current price of $3 per pound is lesser that the equilibrium price of $6 per pound which means that their is shortage.
The shortage indicate that their is increase in demand in the market because the quantity demanded is higher than the quantity supplied.
Therefore the rise in price of goods and services will lead to decrease in the quantity demanded of such goods or product.
Inconclusion what takes place is: a) There is a shortage , so the price rises and quantity demanded decreases.
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Answer:
(d) Identifying distractions.
Explanation:
Distraction is the process of diverting the attention of an individual or group from a desired area of focus and thereby blocking or diminishing the reception of desired information. Also distractions can come form both external sources and internal sources. Dante's is external and he was able do identify it and got a solution.
Answer:
O B. The conversion of money from one system to another system
Explanation:
Currency exchange is converting the currency of a country into the currency of another country. It is the conversion of the country's A currency to the country's B currency. The rate of converting the currency of one country to another is the exchange rate.
Currency exchange takes place in the foreign currency exchange market. Demand and supply factors determine the exchange rate between currencies of two countries.
Assigning indirect costs to specific jobs is completed by D. applying indirect costs to work in process.
<h3>What are indirect costs?</h3>
Indirect costs are costs that are not directly traceable to cost objects (e.g. a job, product, or service unit).
Indirect costs are overheads incurred as a result of a business activity but without direct impact. For example, utilities, office supplies, etc. are all indirect costs.
Thus, assigning indirect costs to specific jobs is completed by D. applying indirect costs to work in process.
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Answer:
B) False
Explanation:
As the decisions in the AGM is made on voting of the stockholders. Sharon has controlling interest in ABC Inc. because he has the more than 50% of the share holding in ABC Inc. Sharon can Terminate the election because he has the majority of voting rights and on the other hand the Jason has 5% interest and voting rights of the company which is even not enough to create a significant influence over ABC Inc. The decision of Sharon will be considered as final.
