Answer:
most likely will not be held responsible because of the business judgment rule.
Explanation:
A business judgement rule is a legal provision that protects the board of a company from frivolous legal actions as flregards its business decisions.
Boards of companies are assumed to act in good faith, within their fiduciary standards of loyalty, prudence and care that the board owes to shareholders.
It will have to be proven that the board blatantly violated a code of conduct, otherwise the court will review or question it's decisions.
Answer:
the correct option is C) If many firms enter the computer software industry and consequently bid up the price of programmers, then: the long-run industry supply curve will slope downward.
Explanation:
When many firm enter an industry, there is competition and the presence of multiple players will eventually cause the cost of production to decline.
In the short run, if many firms enter the computer software industry and consequently bid up the price of programmers, then the increase in participation will increase the number of software developed.
In the long run, industry supply curve will slop downwards indicating a price reduction.
Explanation:
a. The computation is shown below:
As we know that
Multiplier = 1 ÷ 1 - MPC
1.5 = 1 ÷ 1 - MPC
So, MPC is 0.3333
Now the real GDP is
= Multiplier × Government spending
= 0.3333 × $70 billion
= $105 million
So the change in real GDP is
= $105 million - $70 million
= $35 million
b. The computation is shown below:
As we know that
Multiplier = 1 ÷ 1 - MPC
Multiplier = 1 ÷ 1 - 0.6
So, multiplier is 2.5
Now the real GDP is
= Multiplier × Government spending
= 2.5 × $16 billion
= -$40 million
c. As we know that
Real GDP = Multiplier × Government spending
$280 billion = Multiplier × $70 billion
So, the multiplier is 4
Now the MPC is
Multiplier = 1 ÷ 1 - MPC
4 = 1 ÷ 1 - MPC
So, the multiplier is 0.75
Answer:
The correct answer is letter "D": in absorption costing, fixed manufacturing overhead is a product cost.
Explanation:
Absorption costing or full costing includes all costs related to the production process like the fixed costs. Variable costing, on the other hand, only includes the variable costs from the production. Absorption costing incorporates allocating fixed overhead costs of each unit produced during a certain period.
Answer:
slow growth in buyer demand, weakly differentiated products among rival sellers.
Explanation:
There a number of causes that relate to the firms rivalry among its competitors.
1. Barriers to entry.
2. Bargaining power of the buyers.
3. Bargaining power of the suppliers.
4. Threat of substitutes.
5. Slow industry growth.
6. Lack of differentiation and switching costs.
7. Diverse competitors.
8. High strategic stakes.
