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3 years ago

Drag the tiles to the correct boxes to complete the pairs. Match each economic term with its description?

Business

1 answer:

VMariaS [17]3 years ago

5 0

Monopoly: There is a single seller in the market

Oligopoly: every company in this market structure is aware of the actions of the other companies (oligopolies are a small number of companies controlling the markets- there are elements of collusion in this structure because the firms work together to control prices and the market)

Perfect Competition: There are no barriers to entry (lots and lots of competing companies that each have a small share of the market)

Collusion: 3 companies secretly enter into a price agreement (this is illegal in many cases)

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Which primary management responsibility includes the process of creating budgets?

sladkih [1.3K]

Planning is the primary management responsibility which includes the process of creating budgets.

Planning provides a framework for a businesses financial objectives typically for the next three to five years. Thus, budgeting details how the plan will be carried out month to month and covers items such as expenses, revenue, expenses, potential cash flow and debt reduction.

A budget helps create financial stability. So by tracking expenses and following a plan, a budget can make it easier to pay bills on time, build an emergency fund, and save for major expenses etc.

Hence, a budget planning puts a person on stronger financial footing for both the day-to-day and the long term.

To learn more about budget here:

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8 0

1 year ago

Fifo is preferred when purchase costs are rising and managers have incentives to report higher income for reasons such as bonus

meriva

job security and reputation

A) Ture

5 0

3 years ago

Concord Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on

Drupady [299]

Answer:

Sales price variance= $10,596.6 unfavorable

Explanation:

Giving the following information:

The following static budget based on sales of 1,820 kits was prepared for the year.

Sales $87,000

Assume that Concord Sports sold 1,827 volleyball kits during the year for $42 per kit.

First, we need to calculate the standard selling price:

Standard selling price= 87,000/1,820= $47.80

The sales price variance is calculated as follow:

Sales price variance= actual sales revenue - actual sales at the standard price

Sales price variance= (1,827*42) - (1,827*47.8)= $10,596.6 unfavorable

4 0

3 years ago

What is the probability that this person was a victim of identity theft that occurred from the unauthorized use of a credit card

liberstina [14]

The probability that this person was a victim of identity theft that occurred from the unauthorized use of a credit card is 0.05%.

5 0

3 years ago

When assessing the value of a business, is most important.

Mademuasel [1]

When it has a strong demand from consumers and slightly more supply then it's demand. And of course, if the company is more famous, provides good quality service, and has little down peak of it's business.

I hope it helped you!

7 0

3 years ago

Read 2 more answers