Answer:
The correct answer is option A.
Explanation:
In the study of economics, all the available resources are considered to be scarce. But the shortage is referred to the situation in the market where the quantity demanded is more than the quantity supplied at the current market price.
If the quantity supplied is more then the situation is referred to as surplus. Equilibrium is achieved when both quantity demanded and supplied are equal.
Answer:
$506,000
Explanation:
The gross profit of a company is the balance left after the deduction of costs associated with producing or selling of the company's goods or cost associated with providing services from the net revenue
The gross profit is simply calculated as
= Net revenue - Cost of goods sold
= $870,000 - $364,000
= $506,000
Therefore, Callie's gross profit is $506,000
Answer:
Option A. Outside directors
Explanation:
Many firms adopted a two-tier hierarchy of the corporate keeping in view the corporation of the shareholders for their interest.
The first tier included the board of directors which is elected by the stock holders and the second tier includes the upper management which in turn are hired by the board.
The board of directors is further bifurcated into two types of representatives out of which the first type is inside directors which the company selects from within like CEO of the company. The other type is the OUTSIDE DIRECTORS which are selected from outside the company and are not dependent on the company.
Well if you think about it in the long run the darkness shall take over in about 44 years from now
