Answer:
d. the service is performed
Explanation:
According to the revenue recognition principle, the revenue is recognized when it is earned or realized not when the cash is received. It is based on the accrual basis of accounting. It does not depend upon the cash.
In other words, whether cash is received or not but the revenue is recognized on the books when the service is performed.
Answer:
1. Sports Team Shirt - Excludable / Rivalrous
2. Air we breathe - Non - Excludable / Non - Rivalrous
3. Atlantic Bluefin Tuna - Non -Excludable / Rivalrous
4. A Toll Road - Excludable / Non - Rivalrous
Explanation:
A rivalrous good is one in which usage, by an individual limits the ability of another to use the same good. Rival goods are tangible. This means that they can be held or touched. Examples in this category are; A sports team shirt and, the Atlantic Blue Fin Tuna. Eating a Tuna would limit access to another person, who wants to eat Tuna at that point in time. The same would apply to wearing a sports shirt.
A Non - Rivalrous good is one in which usage by an individual does not limit consumption by another. Most non - tangible goods are non -
rivalrous. Examples in this category are; the air we breathe, and the Toll Road. Almost anyone can access these.
Excludable goods are only used after payment for them has been made. Examples are the Toll Road and the Sports Team Shirt.
Non - Excludable goods can be used even when payment has not been made. Examples are Air and The Atlantic Blue Fin Tuna which anyone can access.
Answer:
D. Limited Partnership
Explanation:
Sole proprietorship is business owned , run & managed by single owner. Partnership is a business owned , run & managed by small group of people - deciding to share its profits .
Entrepreneurs in these have Unlimited Liability on personal assets, in case business assets are insufficient to settle business liabilities .
Corporation is a separate legal entity, distinct from its huge group of owners , guided by a board of directors. In case of any claim / sue case : it is against corporate entity & not the people, so they don't have any unlimited liability risk on personal assets to fulfil company's claims .
Answer:
correct option is C. Economies of scale
Explanation:
we know here that Margaret expend his business by 20 more people
so we can say according to given this is Economies of scale because
Economies of scale is cost advantage that the business can be exploit by the expand scale of production in long run
and effect is reducing long run average cost of production over the range of output and lower cost is improvement of productive efficiency
it can feed in form of lower market prices
they give business competitive advantage in the market and lead to lower price but high profit
so we can say correct option is C. Economies of scale
Answer: A blue ocean type of offensive strategy involves abandoning efforts to beat competitors in existing markets but instead invest a new market segment or industry whereby existing competitors are irrelevant and one which allows a company to create and capture nee demand (Option C)
Explanation:
Blue ocean strategy is the pursuit of differentiation and low cost by firms in order to create a new market space and demand. Blue ocean strategy is about the creation and making use of uncontested market space, which therefore makes competition irrelevant.
Blue ocean strategy are used for industries that are not in existence today, industries that tap the unknown market space and are untainted by competition. The blue oceans gives room for growth as demand is created and not fought for. A blue ocean strategy describes the wider potential and benefits to be enjoyed when an unexplored market is explore.
