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Harman [31]
4 years ago
7

Economic cost can best be defined as: (a) any contractual obligation that results in a flow of money expenditures from an enterp

rise to resource suppliers. (b) any contractual obligation to labor or material suppliers. (c) a payment that must be made to obtain and retain the services of a resource. (d) all costs exclusive of payments to fixed factors of production.
Business
1 answer:
Andreas93 [3]4 years ago
8 0

Answer:

(d) all costs exclusive of payments to fixed factors of production.

Explanation:

The cost involved in the first three options is considered by economists as accounting cost. Economic cost involves the accounting cost, but it is added to the opportunity cost, which is the remuneration that an economic agent fails to receive for practicing one economic activity and not another.

For example, a business owner has fixed production costs, but it should add to his opportunity cost to be working in that firm rather than another economic activity.

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If overall interest rates in the economy fall, then a corporate bond with a fixed interest rate will decrease in value. true or
Karolina [17]

Answer:

False

Explanation:

The statement is false, as a decrease in the overall interest rate increases the overall worth of a bond which pays fixed interest rate payments. The public will demand more bonds with fixed interest rate payments, and the demand for bonds with flexible interest payments will decrease likewise. This is the main reason why the face value of bonds with fixed interest rate payments is usually higher than flexible bonds because they are less risky.

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4 years ago
Which of the following explains why a city fireworks display on the Fourth of July is provided as a public good?
Anna71 [15]

Answer:

C. Nonpayers cannot be prevented from seeing the fireworks.

5 0
2 years ago
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click the three dots in to the corner then press comments.

6 0
3 years ago
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Required Journal entry<br>Paid salary and wages Rs 55,000<br>PLEASE HELP<br>​
ratelena [41]

Answer:

Date                 Account Title                                        Debit              Credit

XX-XX-XX       Salary and Wages expense              Rs. 55,000

                        Cash                                                                          Rs. 55,000

The Salaries and Wages expense account will be debited to show that this expense was incurred as expenses have a debit balance,

Cash was used to pay for the salaries and wages so it will be credited because Assets are credited when they reduce.

3 0
3 years ago
A successful TQM program incorporates all of the following except __________. ANSWER Unselected benchmarking Unselected centrali
Pavlova-9 [17]

Answer:

<u>Centralized decision making authority</u>

Explanation:

The concept of total quality management was proposed by Edwards Deming who laid immense emphasis upon improvement of product quality and providing highest value to the customers.

The concept aims at providing high quality goods, effective after sales services, driven by the objective of providing highest level of possible satisfaction to the customers.

TQM includes benchmarking which means creating standards or benchmarks against which actual performance shall be evaluated.

It includes continuous improvement in products and services as this being one of it's objectives.

The concept does not incorporate centralized decision making which refers to decisions being taken only by the top management with subordinates having negligible say. Such decision making would increase the time and hence reduce efficiency.

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3 years ago
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