Answer:
c. This statement is false.
Explanation:
Anti-Trust Department is the department in the united states that could enforced the anti-trusted law. They have the right to investigate onto the collusion, this could harm the competition that could lead the welfare loss
Since large share could be considered so it should be controlled and investigated
Therefore the given statement is false
Answer:
b. +1.26
Explanation:
The computation of the income elasticity of demand is shown below:
= (Percentage Change in quantity demanded) ÷ (Percentage Change in income)
= (change in quantity demanded ÷ average of quantity demanded) ÷ (change in income ÷ average of income)
where,
Change in quantity demanded would be
= Q2 - Q1
= 14 blouses - 12 blouses
= 2 blouses
And, average of quantity demanded would be
= (12 + 14) ÷ 2
= 13
Change in income would be
= $52,000 - $46,000
= $6,000
And, average of income would be
= ($52,000 + $46,000) ÷ 2
= 49,000
So, after solving this, the income elasticity of demand is +1.26
Answer: See explanation
Explanation:
The quart is the same as one quarter of a gallon and it is used for measuring liquid. The gallon is also a unit of measurement for liquid as well.
In converting 5 quarts to gallons, we should note that:
1 quart = 1/4 gallon
5 quarts = 1/4 × 5 = 1.25 gallon
Answer: 1 E, 2 C, 3 A, 4 F, 5 D, 6 B
Explanation:
Purchase requisition - A document used by department managers to inform the purchasing department to place an order with a vendor.
Purchase order - A document used to place an order with a vendor that authorizes the vendor to ship ordered merchandise at the stated price and terms.
Invoice - An itemized statement of goods prepared by the vendor listing the customer's name, items sold, sales prices, and terms of sale.
Receiving report - A document used to notify the appropriate persons that ordered goods have arrived, including a description of the quantities and condition of the goods.
Invoice approval - A checklist of steps necessary for the approval of an invoice for recording and payment; also known as a check authorization.
Voucher - An internal file used to store documents and information to control cash disbursements and to ensure that a transaction is properly authorized and recorded.
