Answer: All of the above.
Explanation: None of the listed options would be included when calculating the gross domestic product of a country. This is so because gross domestic product only calculates the total value of commodities/services produced by a country during a fixed time frame.
Answer:
False
Explanation:
Agency refers to a kind of agreement wherein the first party, known as the Principal confers a right on the second party, called an agent, to act on his behalf or as per his directions.
It establishes a fiduciary responsibility i.e that of a legal trust between the parties.
Once the agency agreement is terminated, the relationship between a principal and an agent ceases. Thereafter, the agent cannot continue representing the principal and if he does, he shall be held personally liable for such acts which result into any damage or loss to a third party.
Answer:
An adjustment factor is determined by the 'Valuer-General'
Explanation:
adjustment Factors are resolved for all properties inside a civil territory. The Valuer-General may decide Alteration Factors for characterized classes of property on a district, territory, or group of localities basis within a premise inside a city territory. These are applied to government valuations currently in force.
In occurrences where a revaluation is being completed inside a metropolitan region, utilization of Adjustment Factors won't be fundamental as the revaluation itself will be utilized by the applicable experts in the figuring of rates and expenses.
Answer:
$20,000 Favorable
Explanation:
As for the provided information, we have:
Sales Volume Variance is defined as the variance arising due to difference in sales quantity based on standard price.
Formula for the above = (Actual Sales - Budgeted Sales) 
Standard Price
= (5,500 - 5,000) $40
= $20,000
This variance shall be categorized as favorable, as the actual sales quantity is more than the static budgeted quantity.
Therefore, Sales Volume Variance = $20,000 Favorable
