Answer:
(D). Potential development of substitute products and bargaining power of consumers
Explanation:
According to Michael Porter, <u>there are five forces that should be analyzed to determine the degree of competitiveness in any industry</u> and they include; the bargaining power of suppliers, the bargaining power of consumers, threat of new entrants, threat of substitute products and the rivalry among competing firms in the industry.
Banks pay some of the interest they receive back to people with savings accounts.
I think the second answer is
Being paid per hour of labor like working at Starbucks
I’m not 100% but I hope it helps
Full question:
Indicate whether the following statements are "True" or "False" regarding the concept of gross income.
a. While the Constitution grants Congress the power to tax income, it does not define the term.
b. The Supreme Court has held that there is no income subject to tax until the taxpayer has recovered the capital invested.
c. Economists measure income (economic income) by first determining the fair market value of the individual's net assets (assets minus liabilities) at the beginning and end of the year (change in net worth).
d. Accounting and tax rules regarding income are the same.
e. The accounting concept of income is founded on the realization principle.
f. Gross income is not limited to cash received.
Answers:
a. True
b. True
c. True
d. False
e. True
f. True
Explanation:
1.The constitution of the United States allows for power to tax income however it doesn't define tax.
2.income is not subject to tax until there is profit from capital invested as ruled by the Supreme Court of the United States
3. Measurement of income in Economics involves applying the concept of fair value to measure income at the beginning and end if the year and notice any changes that may have occurred
4. Accounting and tax rules regarding income are not the same. Accounting however complies with tax rules for accounting purposes.
5.the realization principle involves income earned or losses incurred(not necessarily received in cash or given out)
6.Gross income encompasses all(recognizable) earned income for the period(cash or not)
The term cultural lag<span> is used to describe the situation in which technological advancements or changes in society occur faster than the changes in the rules and norms of the </span>culture<span> that go along with those advancements or changes. hope it helps :)</span>
Answer: Gandhi
Explanation: Gandhi assumed the leadership of the Indian National Congress and advocated a policy of non-violence and non-cooperation to achieve home rule. After British authorities arrested Gandhi in 1922, he pleaded guilty to three counts of sedition. Hope this helps! :D
