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2 years ago

Which of the following statements about recessions is false?

2 answers:

7 0

The correct answer is choice D-

It not true that a recession is usually no longer than six months. A recession van be longer than 6 months (it takes a 6 months fall in real GDP for a recession to occur), but a recession generally does not last longer than a year. Beyond a year, the situation is much severe, and is called an economic depression.

blsea [12.9K]2 years ago

6 0

The correct answer is D. A recession is usually no longer than six months.

Recession is termed as contraction of business cycle whereby we can say that there is slowdown in economic activities.

Macroeconomic indicators shows that there might be rise in the rate of unemployment, business profit, bankruptcy, capacity utilization, household income and gross domestic product.

When there is bigger spread of spending that is the time when recession occurs. Some events which may trigger to recession include external trade shock, adverse supply shock, financial crisis and bursting of economic bubble.

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facilities, factories, and production lines with very large equipment are all classified as a. installations. b. component parts

Mashutka [201]

Facilities, factories, and production lines with very large equipment are all classified as installations.

What is production?
Production is the process of combining different immaterial inputs (plans, knowledge) with material inputs to create something that is intended for consumption (output). It is the process of producing an outcome, a good as well as service that has value and enhances people's utility. Production theory, a branch of economics that focuses on production, is entwined with consumption (or consumer) economic theory. Utilizing the initial inputs productively leads to the production process and the output (or factors of production). Land, labour, as well as capital are regarded as the three primary production factors and are referred to as primary producer products or services. Both the output process and the final product do not significantly change these essential inputs or turn them into integral parts of the final product.

To learn more about production
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3 0

1 year ago

Which of the following is true of variances? a.Unfavorable variances occur whenever actual prices or actual usage of inputs are

Marysya12 [62]

Answer:

B) Favourable Variances occur whenever actual prices or actual usage of inputs are greater than standard prices or standard usage.

Explanation:

Variances refer to the difference between actual and standard or budgeted costs. Standard cost is also referred to as budgeted cost. Budgeted costinh can be used by a food nutritionist to determine the food quantity he can cook as well as the ingredient amount which consists of the budgeted costs and the actual cost of preparing the food. Budgeted costchas a major advantage which is its ability to determine the pricing policy even before the product or service is delivered. When favourable or unfavourable variances are mentioned, it refers to the greater of budgeted or actual price or quantity. Favourable goes with a greater actual price or quantity while unfavorable or adverse goes with a greater standard price or quantity.

5 0

2 years ago

Read 2 more answers

Which of the following is not a product cost under variable costing?

irakobra [83]

There are no options

3 0

2 years ago

A/An _______________ fails to meet customers’ minimal requirements, potentially costing you business, even when you perform well

amm1812

Answer:

The correct answer is letter "B": Order Qualifier.

Explanation:

An Order Qualifier represents the minimum features a good or service must meet so consumers can think about purchasing them. Variables that could fall into this category are price, convenience or the product's reputation. If the good or service accomplishes one of those characteristics and is of preference of the consumers, then the firm has an order winner.

5 0

3 years ago

Read 2 more answers

Alvin Hughes has selected a selling technique in which he has more control over the amount of the conversation between buyer and

trasher [3.6K]

Answer:

The sales presentation technique which Hughes is using is Memorized.

Explanation:

Here, it is given that Hughes has selected a technique in which he has a control over the conversation between the buyer and seller.

So, this type of sales presentation is known as memorized sales presentation.

Sales presentation are of different types:

Webinars
Seminars
Full sales presentation
Business presentation
The elevator pitch nd some more.

Sales conversation: This term is commonly used inside sales.

It is also referred as call conversation between two or more people in an organisation.

Memorized sales presentation: In this type of sales presentation we can approach to our customers by memorizing all of the terms we have to speak about our product to the customers.

It is also known as problem-solution selling.

6 0

3 years ago