Explain the difference between mandatory and discretionary spending? provide an example of each kind of spending"

1 answer:

nataly862011 [7]3 years ago

5 0

Mandatory spending is something that either has, or is strongly urged to be done. Discretionary spending is based on the spenders discretion, if the spender thinks it needs to be spent, then they would do so. Example of mandatory spending would be paying back a loan. Example of discretionary spending would be a good business investment. Hope this helps!

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Which of the following statements about private club

algol [13]

Answer:

D: Guests must pay for any alcoholic beverages

they consume.

Explanation:

Guests in any establishment are expected to pay for any alcoholic beverages they consume. A private club is not necessary a profit-making venture, but a social or networking establishment. Membership to a private club is restricted. Members usually pay a membership to join and a regular subscription fee.

The club purchases foods and drinks served in its premises. The food and beverages are sold to members at fair prices. Members are required to pay for what they consume. Many clubs do not charge a service fee as it is catered for in the recurring subscription fees.

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3 years ago

Which of the following terms refers to the process individuals or groups go through to select, purchase, use, and dispose of

KATRIN_1 [288]

Answer:

The correct answer is E

Explanation:

Consumer behavior is the term which is defined as the study of how the individual consumers, organization or the groups use, dispose, select and buy the goods and the services in order to satisfy the wants and the desires.

In short, it refers to the consumers actions in the market place and the motives or the goals for those actions.

Therefore, the correct answer is the consumer behavior.

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3 years ago

Question 3 Fill in the blank: Curiosity, understanding context, having a technical mindset, data design, and data strategy are _

vladimir1956 [14]

When one is said to have curiosity, an ability to understand context, and a technical mindset, they have <u>analytical skills.</u>

<h3>What are analytical skills?</h3>

These are skills that allow a person to make decisions based on data that they are presented with.

They include skills such as curiosity, data design, data strategy, and an ability to understand context. These allow a person to look at data, and understand what to do with it.

In conclusion, option D is correct.

Find out more on data drive decisions at brainly.com/question/26064077.

8 0

2 years ago

Suppose that last year the equilibrium price and the quantity of good X were $10 and 5 million pounds, respectively. Because of

grandymaker [24]

Answer:

Explanation:

Last year the equilibrium price and the quantity of good X were $10 and 5 million pounds, respectively.

The producer surplus is the difference between the minimum price that a producer is willing to accept and the price it actually gets. It can be found by calculating the area between the supply curve and the market price.

The producer surplus

= $\frac{1}{2}\ \times\ base\ \times\ height$