3 years ago

Increasing the government budgetary surplus or decreasing the deficit is desirable in a period of?

1 answer:

3 0

It is desirable in a period of INFLATION. During inflation, there is general increase in price and decrease in the value of money. Thus, during inflation the government stabilizes the economy by increasing it budgetary surplus, that is, it takes in more than it spends or by decreasing its deficit.

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A company comparison should not be made with industry averages if the company does not clearly fit into any one industry.

Explanation:

In Business management, it is important to note that many companies will not clearly fit into any one industry.

Hence, when using industry averages, it is often necessary to use an industry that the firm best fits rather than randomly picking up any industry. Additionally, the analysis of an organization's financial statements would be more meaningful if the results are compared with industry averages and with results of competitors.

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Service Firms is the correct answer.

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The paradigm shift is one of the type of business management process that refers to the fundamental change in the current process and in the model.

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