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3 years ago

LO 1.2Which of the following statements is incorrect?

Business

1 answer:

Pachacha [2.7K]3 years ago

4 0

Answer: Reports produced using management accounting must follow GAAP.

Explanation: Management report are reports produced by management accountants are prepared for internal use by managers, employees and other officers.

Management reports are produced as at when required and do not necessarily have to follow GAAP.

Management reports include job costs, production cost report, cost of good manufactured report etc.

It gives monetary and non monetary information for management consumption.

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One of the reasons why the AD curve slopes downward is that as theA. Price level rises, purchasing power rises.B. Price level fa

8090 [49]

Answer: Option (B) is correct.

Explanation:

If the price of a commodity decreases, as a result purchasing power of a consumer increases. This is one of the reasons why the AD curve slopes downward.

Suppose there is a fall in the price of a commodity, this will increase the demand for that commodity as well as the purchasing power of the consumer.

Because with a lower price of the commodity, individuals can buy more quantity of goods with the same level of income.

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3 years ago

Strategy at a ________ level is primarily focused on the products and services provided to customers and on finding ways to deve

dalvyx [7]

Answer:

2. business unit

Explanation:

Strategy refers to a future course of action formulated now, for efficient operations and fulfillment of long term goals. It refers to ways and methods a business firm shall employ in the near future.

Strategy at the business level is more concerned with the quality of products and services offered by a business and methods via which good relations can be maintained and strengthened with customers.

Business level strategy is focused upon providing best value to customers so as to increase sales volume and maximize profits, alongside providing customer satisfaction.

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3 years ago

The United States has accused China of Multiple Choice contributing to the skyrocketing price of aluminum. reducing barriers in

marta [7]

Answer:

exacerbating the global glut of steel by investing in additional production.

Explanation:

The United States Government under President Trump accused China of promoting overcapacity in production of steel and aluminium (that is industrial overcapacity).

This over-production of steel has distorted the global market by facilitating excess exports.

However China has been taking steps to reduce excess steel production although such efforts have been inadequate.

Even less has been done about the overproduction in the aluminium industry

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3 years ago

A large decrease in oil prices is an example of: _________

Dafna11 [192]

Answer:

d. Excessive aggregate spending

8 0

2 years ago

Dwight was working with two of his colleagues to create a marketing plan for his company's new product. The team was scheduled t

amm1812

Answer:External locus of control

Explanation:Locus of control refers to a degree to which you believe your are in control or external factors are in control of what happens in your life

A person with an external locus of control , is the person who tends to believe that outside factors are in control on what happens to them .

Dwight blames an inaccurate profile of the geographic area as the reason why the plan was not final.

4 0

3 years ago

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