Answer:
In our present American free enterprise economic system:
Some people want to see pure capitalism being put in place. This means that there is no government interference with the workings of the economy. Some others, including the government, have understood that there is no perfect capitalism. As such, they call for government intervention to ensure that economic crises are not allowed free reign.
Adam Smith, as a philosopher, vehemently advocated for a free market economy without any form of government interference. He did not even support the imposition of taxes by the government. John Maynard Keynes also supported a free market economy, but he advocated for some government intervention from time to time. John Keynes stated that government must intervene during economic crises through subsidies.
Explanation:
Adam Smith elevated the economic theory of laissez-faire. He noted that the free markets needed only the invisible hand to regulate themselves by means of competition, supply and demand, and self-interest. John Keynes advocated for increased government expenditures and lowering of taxes as two important means to stimulate market demand and pull the global economy out of depression.
Answer:
The correct option is D,economic costs are generally higher than accounting costs because economic costs include all opportunity costs, while accounting costs include explicit costs only.
Explanation:
Economic costs are usually higher because economic costs comprises of both implicit and explicit costs whereas accounting profit calculation only consider the explicit costs.
Explicit costs are the costs that require actual cash flows from the business such as the payment of rent,salaries and many more.
However,implicit costs are not real costs in actual term,they are costs of forgone benefits such as the salaries the business owner if he takes employment elsewhere.
Answer: The correct answer is
A: Decide the extent of necessary followup work.
Explanation: It is the responsibility of the Chief Audit Executive to decide the follow up process to be done.
The nature, timing and extent of follow up is communicated by the Chief Audit Executive and he also has the responsibility to find out from management why actions have not been taken.
Answer:
The correct answer of the given question is "security selection decision by 250 bps".
Explanation:
The chief outflanks the benchmark by 250 premise focuses. Despite the fact that the benefit distribution failed to meet expectations by 50 premise focuses, the reserve beat by 200 premise focuses when contrasted and benchmark returns. So generally speaking out performance is considered as 250 premise focuses.