Answer:
Diversification
Explanation:
The key words here are 'several businesses'. A company engage in many businesses in order to mitigate or reduce its business risk, and also to create and add more value to customers. This offers a far advantage position than a stand alone entities who deal with only one product or service.
Answer:
The correct answer is number (1
): True.
Explanation:
Safety professionals are those who because of expertise or certification can be in charge of ensuring safety and setting guidelines in an organization. In the U.S., the Board of Certified Safety Professionals (BCSP) offers certification for all those individuals interested in this field to those individuals with at least four (4) years of experience in preventive safety.
The BCSP offers certifications as Associate Safety Professional or Certified Industrial Hygienist just to mention a couple.
Answer:
b. In the first economy, the spending multiplier is greater than in the second economy. In the third economy, the spending multiplier is undefined
Explanation:
This can be easily understood by going through some calculations in a spending multiplier formula.
WORKINGS
The formula for Spending Multiplier =
Spending Multiplier
Economy 1: Multiplier = = 2
Economy 2: Multiplier = = 1
Economy 3: Multiplier = = undefined
Note: MPS can be abbreviated as Marginal propensity to save
As we can see here economy 1 is 50% greater than economy 2 and economy 3 is undefined because they spend whole dollar they earn additionally.
On behalf of the above calculations, option B is a perfect match!
Explanation:
The journal entry is shown below:
March 31
Wages Expense A/c Dr 1,000
To Wages payable A/c $1,000
(Being the accrued wages are recorded)
For recording the accrued wages, we debited the wages expense account and credited the wages payable account. Both the account are recorded for $1,000 only
Answer:
c
Explanation:
The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.
The PPF is concave to the origin. This means that as more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.
So, the PPF exhibits diminishing return. The slope of the PPF is different at different points. this makes the PPF a curve
the budget constraint is a straight line that shows the various combinations of goods a consumer can consume given her income. the budget constraint is a straight line because the slope is constant at each point on the curve
Also, the slope of the budget constraint is the relative prices of the two goods