This is an example of using fiscal policy to stimulate the economy
Explanation:
Use of fiscal policy or in this case fiscal deficit even, is a strategy some economies use so that the flow of the money remains the same even when the economy nears slow down.
The concept is that the country will be able to retrieve all the money back once the slowdown is over but if it gets worse then there is a little chance of getting more money .
So in long term the deficit actually is profitable.
Answer:
The given statement is <u>False.</u>
A balance sheet is often described as a "snapshot of a company's financial condition.
Answer:
Option A is correct
OAR = $10.5 per hour
Explanation:
Overhead absorption rate(OAR) = Estimated overhead/Estimated labour hours
Estimated labour hours = (4×1,000) + (3×2,000)=10,000 hours
OAR = $105,000/10,000 hours = $10.5 per hour
OAR = $10.5 per hour
Answer:
- Being your own boss
Explanation:
A sole proprietorship business belongs to one person. The owner is responsible for all the important decisions for the business. He or she sources for the required capital, decides on the nature of the business, its location, and operating hours. This means the owner is the final decision-making maker.
A sole proprietor has the advantage of being their own boss.