Answer:
Been paid for but not yet recorded as expenses
Explanation:
Prepaid expenses have been paid for but not yet recorded as expenses.
They are future expenses paid for in advance or costs that have been incurred without the benefits being enjoyed by the company.
A good example of prepaid expenses id Rent paid in advance at the beginning of the year. Such rent is a cost incurred in advance as the rent period has not been enjoyed yet.
The entries for such prepaid expenses is to debit 'prepaid expenses' like an asset and credit Bank/Cash. The expense account is debited after the benefits have accrued, with the corresponding Credit going to the Prepaid expenses account.
Answer:
Popular indices include:
1. Global Competitiveness Index.
2. Global Innovation Index.
3. Where-To-Be-Born Index.
Explanation:
Managers study economic environment of a country to assess its performance and estimate the potential. Popular indices should include the following three things:
'Global Competitiveness Index' which is a report that would give an assessment of how productive a country is when using its available resources. This would then give an idea of how much a country will grow.
'Global Innovation Index' measures all the aspects of innovation and help provide the tools that would help in modifying policies so that the country's productivity is grown, there are more jobs and so on.
'Where-to-be-born index' measures the country's output on how it can provide best chances for a healthy and a safe life.
Answer:
a. Deliver superior value to value-conscious buyers at a comparatively lower price than rivals.
Explanation:
The objective of a best-cost strategy is to: Deliver superior value to value-conscious buyers at a comparatively lower price than rivals.
A best-cost strategy is built on product offering that guarantee customers better value for money by focusing both on low cost and upscale difference.
The ultimate goal of the best-cost strategy is costs and prices reduction to a point lower than other providers of similar products with comparable quality and features.
Answer: Write your own version by carefully changing three or four words from the original.
Explanation: