A cost imposed on someone who is neither the consumer nor the producer is called a

Business

1 answer:

vampirchik [111]3 years ago

8 0

Negative Externality

This is the cost that is suffered by a third party as the result of a transaction. One example is the sale of cigarettes. The negative externality is the negative effects of cigarette smoke on people and the environment.

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What is consumer vigilance? Select the best answer from the choices provided. A. being aware of risks to consumers B. being fear

Nimfa-mama [501]

Answer:

the right to be informed. the right to be safe. the right to choose. the right to be heard. avenues for redress ofconsumer grievances (e.g., state and federal agencies, consumer protection laws, private groups such as Common Cause, Better Business Bureau).

Explanation:

A. being aware of the risks to consumer

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3 years ago

Your friend fills out their first tax form and is confused between adjusted and gross income. How can you explain the difference

Illusion [34]

<span>Annual gross income is the amount of money you make BEFORE taxes. Your adjusted gross income is how much money you make before taxes, MINUS anything you can deduct. You can deduct many things, like student loan interest payments and alimony. So, you would have an adjustment if you paid for student loans this year. If your gross income (not adjusted) is $20,000 and you paid $1000 on student loan interest, your adjusted gross income is $19000. The IRS will then see your income as only $19000 instead of $20,000 and will tax you on that lower amount.</span>

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3 years ago

A cartel differs from a monopoly in that

Lapatulllka [165]

A cartel differs from a monopoly in that B) businesses making the same product agree to limit production. A cartel is an agreement between producers of goods, usually primary products like oil or natural gas, who work together to set a price at an agreed upon price that is a distortion above of what the market's equilibrium price would be for the good without the cartel's intervention.

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3 years ago

Jessica is trying to get a credit card. She has a credit score of 790. How is Jessica’s lender likely to view this credit score?

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<span>A.) Jessica is low risk and will pay her outstanding balances on time.</span>

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3 years ago

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A change in depreciation method is treated as a change in estimate that is achieved by a change in accounting principle, and is

viktelen [127]

A change in depreciation method is treated as a change in estimate that is achieved by a change in accounting principle, and is accounted for prospectively in the current and future periods.

The rules and regulations that businesses and other organizations must abide by when reporting financial data are known as accounting principles. These regulations standardize the terminology and procedures that accountants must employ, making it simpler to analyze financial data.

A unified set of accounting guidelines, methods, and standards known as generally accepted accounting principles (GAAP) were released by the Financial Accounting Standards Board (FASB).

The consistency that accounting principles establish enables more accurate and effective viewing of financial statements and reporting for businesses.

Learn more about accounting principles here

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