Answer:
perfectly elastic over the relevant range of output.
Explanation:
In a perfect competition there are many firms in the market selling goods that are usually homogeneous in nature. Each individual firm will not be able to influence the price for which it offers goods and services to the customer.
The firm's are price takers and there is no barrier to entry.
This results in a situation where for all levels of quantity demanded there is no change in price, and demand curve is a horizontal line.
Answer:
D. tradable permits
Explanation:
Tradable permits also known as emissions allowance is an attempt at regulating pollution through the market system. tradeable permit gives right to the bearer of such permit to emit pollution up to a limited amount and if such permit is partially used or for one reason or the other, it is unused, it can be traded or negotiated to a willing buyer.
Answer: Geocentric orientation
Explanation:
The management orientation that accurately characterizes a company that bases its decisions primarily on market research is the geocentric orientation.
A company that uses a geocentric orientation sees the whole world as a global market. We should note that a geocentric company makes its products and develops a marketing mix that's standardized for the global market.
Answer:
Date Description DR CR
June 15 Dividend expenses $120,000
Dividend Payable 120,000
July 10 Dividend Payable 120,000
Cash 120,000
Dec 15 Dividend Expenses 146, 400
Dividend payable 146,400
Explanation:
when dividend is declared and cash is yet to be paid, dividend expenses account will debited while dividend payable account will be credited.
when cash is paid for the dividend, dividend payable account will be credited while the cash account will be credited.
As at June 30, total number of shares outstanding = 95,000 + 25,000 = 120,000
As at December 31, the total number of outstanding shares = 95,000 + 25,000 + 2,000 = 122,000
Answer: Business ethics
Explanation: Business ethics is that branch of ethics, which examines the problems that arise due to unethical behavior of employees within an organisation. Such a behavior can result into serious issues like insider trading or false whistle blowing etc.
Business ethics helps to form the guidance on value and norms that an employee should follow in the form of code of ethics.
