Answer:
The last option
Explanation:
In cafeterias you don't get an unlimited amount of what you want. Sometimes you don't even get what you want.
Answer:
D) budgets are a total amount and standards are a unit amount.
Explanation:
For each given choice in the question explanation is provided below as to why its or its not the correct answer.
A) only budgets contribute to management planning and control.
Both budgets and standards contribute in the planning and control are of the company. Therefore, this option is incorrect.
B) budgets but not standards may be used in valuing inventories.
Once gain both are used for valuing inventory, this is due to the fact that budget contains details gathered in standard costing. Therefore, this option is incorrect.
C) budgets but not standards may be journalized and posted.
Both the budget and standard are journalized and posted in the accounting system. Therefore, this option is incorrect.
D) budgets are a total amount and standards are a unit amount.
As standards are unit amounts which contributes in preparing the budget which are total amounts.
Hence, option D is correct.
Answer:
I would say false, from what I know it was for government then this from what I know. But I am not sure, if i were u I'd go with false.
Explanation:
Answer: Quota rent
Explanation:
The quota rent is one of the type of economical concept that is used to refers to the extra profit which is received from the owner for imported various types of products and the services.
The Quota rent is basically calculated by using the difference between the free market price to the domestic price of the goods and the services.
According to the given question, when the extra profit producers results into the limited supply due to the artificial goods and the limited importing competition by the imported quota so this is known as the quota rent.
Therefore, Quota rent is the correct answer.