Answer: Cost of goods sold account
Explanation:
When a company is operating a Standard Cost system, all their inventory accounts will be recorded at their standard costs.
The Variances that exist between the Standard and Actual costs will be recorded in the variance accounts as well as the manufacturing overhead account.
At the end of the fiscal year, the balances on these accounts are sent to the Cost of Goods sold account to reflect true cost.
A general decrease in wages will result primarily in the aggregrate demand curve shifting to the shifting to the right.
<h3>What is the impact in the decrease in wages? </h3>
When there is a decrease in wages, it becomes cheaper to hire labor. As a result, there would be an increase in the demand for labor. This would shift the demand curve for labor to the right.
The decrease in wages, would shift the long run aggregrate supply curve to the left.
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The concept referring to the rights inherent in a supervisory position to give orders and expect the orders to be obeyed is---- Authority
What is the concept of authority?
Authority can be defined as the legal right of a person or superior to command his subordinates. On the other hand, accountability refers to the duty of an individual to carry out his performance as per the company standards. The direction of the flow of authority is from the superiors to subordinates.
What is authority in a person?
a person who has authority over another person : a person who has the power to give orders or make decisions A child needs a figure of authority in his or her life.
Why is it important to have authority?
Authority can be used to protect our rights to life, liberty, and property. Authority can be used to provide order and security in people's lives. For example, air traffic controllers prevent accidents and provide safety for airplane passengers. Authority can be used to manage conflict peacefully and fairly.
Supervisory position :
Supervisory position means a position in which an employee directs staff members and manages a function, program or support service. Supervisory position means a position, the assigned duties of which include the supervision of a work unit of a department.
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un u get the numbers then subtract them and come good with the answer
Answer:
(a) Command
Explanation:
A command economy is also known as planned economy and it can be defined as a type of economy in which the government owns and control the means of production.
This ultimately implies that, in a command economy, the government owns the means of production.
Societies that operate a command economy generally practices communism.
Communism is a system of philosophical, political, social organization and economical ideologies that advocates the elimination of private property but a profit-based economy with public ownership of the means of production.
It ultimately aims to ensure each person contributes and receives according to their abilities and needs.
Vietnam, China and Cuba are examples of communist countries that operate a command economy.
In conclusion, a command economy requires that the method of exchange, distribution, as well as the means of production of goods and services and allocation of resources for production should be controlled or regulated by the public (government) rather than the private sector.
