Answer:
True
Explanation:
Remember, business persons are profit oriented, and so they are willing to make needed organisational decisions to achieve their profit goals while reducing their liability (loses).
For example, an organization may choose the hierarchical structure; where instructions flows from top level management to bottom instead of the divisional structure, which allows a spread of authority if deems it to limit their liability while allowing them to take risks that may lead to greater profits.
Answer:
B) the consumers generally pay the majority of the tax.
Explanation:
Unit Excise is an indirect tax ; whose incidence & impact lie on different people and the burden can be shifted among buyers & sellers.
The economic participant (buyers / sellers) having more inelastic market force (demand / supply) shares more burden of the tax. More burden of Indirect tax: lies on buyers if demand is more inelastic (less responsive to price) , lies on sellers if supply is more inelastic (less responsive to price).
So, if Unit Excise tax is placed on a good for which demand is very unresponsive to price change (inelastic) : Consumers (buyers) generally pay the majority of the tax.
Answer:
A. A market economy is determined by consumers and a command economy is determined by central authority.
Explanation:
A market economy is driven by customers in the form of demand and the sellers in market supply to satisfy the demand.
Command economy is driven by command, customers do not decide what to demand and when, only central authority supplies what they see fit.
Answer:
c. Home experienced an improvement in cellular phone-making technology.
Explanation:
It is the improvement recorded in its technology for phone-making that gave rise to the improved production of cellular phones from last year's 1050 phones to this year's 2000 cellular phones. This shows an improved productivity of about 90%. Home did not witness similar improvement in the production of pears as the quantity produced last year was also produced in the current year.
Answer:
More money and enganment to whoever they're purchasing from.
Explanation: