Answer:
opportunity cost, the elderly woman is alsotaking a cost by not doing nothing as it renounce to doing the walks to obtain safety at home.
Under economics concepts everything has at least one opportunity cost associated with it.
Explanation:
The opportunity cost represent the best alternative we renounce for the given course of action or use of the resources.
In this case not going to walk has the cost walking.
Answer:
Average rate = $1.55
Explanation:
Normally all companies use the current rates for the transaction, revenue department and profit loss, but it is not fair to use the same current rate on different dates.
Therefore, businesses usually use average exchange rates to overcome these kinds of shortcomings.
Therefore in this example, it would be appropriate to use the average exchange rates by the parent company to find the income of the subsidiary.
Answer:
b
Explanation:
According to Marshall Laws of Derived Demand, labor demand is more inelastic in the following circumstances :
- the cost of employing labour constitutes a small proportion of the total cost of production.
- the demand for the product is relatively inelastic
- labour cannot be easily substituted for in the production process
- when the supply of other factors of production is inelastic
Answer:
option C
Explanation:
In simple words, refers t the written statement that depicts the availability of funds in hand for a firm and hope they are gonna use it in future. Every organisation makes a budget so that they can use their resources in the most efficient way.
Budgets are made for the upcoming period but are based on the predictions made by the management and on the basis of past experiences. Thus, budgets should be made flexible and should be distributed to all the stakeholders as the real variable might diverge from the assumed variables. However budget should be in a realistic approach as they work as a major statement for evaluation.
Answer: Housing allowances are part of the compensation package in many places
Explanation:
Compensation is the total cash and the non-cash payments which are given to employee in exchange for work done. Compensation is not an employee's regular paid wages but rather, it includes other forms of wages and benefits.
While different companies use different compensation packages, the common compensation plans are housing allowance, vacations, spousal employment help, help paying taxes etc.
The most accurate compensation plan given above is that housing allowances are part of the compensation package in many places.
