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Doss [256]
3 years ago
11

Which of the following is not a role of accounting in business?

Business
1 answer:
Kipish [7]3 years ago
5 0

Answer:

The correct answer is letter "D": To personally guarantee loans of the business.

Explanation:

Accounting is the recording of financial transactions of a business or organization. It also includes the process of summarizing, analyzing and reporting these transactions -given a method- in financial statements. The financial statements that accountants create provide critical information for many key people such as managers, stakeholders, and the corresponding agencies of the government.

However, <em>securing a loan for a company will rely on the credit history of the institution which directly does not involve one of the functions of corporate accounting.</em>

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Allison is an entrepreneur who has started her own video game development company. She lives in california one of the designers
Mazyrski [523]
<h2>Entrepreneurs will be more likely to build virtual teams than to build brick-and-mortar offices.</h2>

Explanation:

Option A: Entrepreneurs surely depends on social media, but this is true for all the business not only suits given situation. This answer goes invalid.

Option B: Sitting and working in various state alone does not mean that they are doing international business.

Option C: Every organization concentrates on business and economy aspect. The given situation, does not speak anything about school. So this option goes invalid.

Option D: This option is valid. Now the trend is to work in various places and get connected with each other through internet. So it means that the teams are virtual. The teams are not built inside office which is made of brick.

4 0
3 years ago
Refer to the accompanying data, which is for a specific year in a hypothetical economy for which Okun's law is applicable. The a
frutty [35]

Answer:

A) $24 billion

Explanation:

Here is the complete question :

Potential Real GDP $200 Billion

Natural Rate of Unemployment- 6 Percent

Actual Rate of Unemployment- 12 Percent

Refer to the accompanying data, which is for a specific year in a hypothetical economy for which Okun's law is applicable. The amount of output being forgone by the economy is

C) $15 billion. D) $18 billion. A) $12 billion. B) $24 billion.

According to Okun's law, a 1% decline in unemployment results in a 2% fall in potential GDP

Decline in unemployment = Actual Rate of Unemployment - Natural Rate of Unemployment

12 - 6 = 6%

decline in output = 6% x 2% = 12%

potential GDP lost = 12% x $200 Billion  = 24 billion

3 0
3 years ago
Why are batteries not included in toys?
Nitella [24]
They can be easily swallowed by children and can also be toxic. It sometimes happens that they break and release their contents,contaminating the toys and making them unsafe for further use.

7 0
3 years ago
During which phase of dmaic (define, measure, analyze, improve, control) is the sole purpose to demonstrate, with fact and data,
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7 0
3 years ago
Mathematical climate models include many variables, but there is 1 variable that causes the largest difference in the temperatur
Whitepunk [10]
emission of greenhouse gases

Greenhouse gases are naturally present in the atmosphere in order to keep the earth warmer by trapping some of the sun's rays on earth. Greenhouse gases include water vapor, carbon dioxide, methane, nitrous oxide, ozone, chlorofluorocarbons, and hydrofluorocarbons. 

Human activities contribute to the emission of greenhouse gases in the atmosphere through fossil fuel use, industrial processes, and intensive livestock farming, among others. Emission of large amounts of greenhouse gases can increase their natural levels in the atmosphere, possibly resulting to global warming. 
5 0
3 years ago
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