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Romashka [77]
3 years ago
8

Substitution and income effects of a change in price of a good may be used to explain the:

Business
1 answer:
kodGreya [7K]3 years ago
6 0

Answer: Option A  

   

Explanation: In simple words, substitution effect refers to the economic phenomenon which states that when price of one good rises the demand for the alternative of that particular good also rises. For example - coke and pepsi.

On the other hand, income effect states that when the price of a commodity rises, a number of consumers might find it hard to purchase due to the price exceeding their income power which further results in lower demand.

Hence from the above we can conclude that the correct option is A.

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The settlement option that provides for ongoing payments for a period of time is called
Aneli [31]

The settlement option that provides for ongoing payments for a period of time is called annuity. The annuity is a type of insurance contract in which they provide an individual an annual income for a long period of time such as an example of this is a pension.

7 0
3 years ago
In your opinion, is management still relevant as a course of study today? Explain using relevant examples.
alina1380 [7]

Yes, "management" is still relevant as a course of study today.

Management is one of the most relevant course offered by an educational establishment such as a university. The course polishes the skills of student and enlighten them on how to be useful in management of a company.

  • <em>Business Administration</em>, <em>Business Management, Management Studies, Commerce, Hospital Management, Hospitality Management </em>are examples course that falls under the umbrella of Management

  • Auditors, Accountants, Revenue officers are examples employee who learnt the management course.

In conclusion, studying a management course in a country will employment opportunities makes its easy for a student to get a job.

Learn more about this here

<em>brainly.com/question/24227339</em>

7 0
3 years ago
Scott Bestor is an accountant for Westfield Company. Early this year, Scott made a highly favorable projection of sales and prof
Yuki888 [10]

Answer a

The stakeholder in this situation arer as follows =>

1. Scott

2. Managemnet of a Company

3. The Financial Community.

Answer b

Ethical Issues are ;

Loyalty of Scott towards Company and its management.

He should excercise due vigilence while making projections for sales.

Answer c

Possible Actions are

1. Ignore the matter

2. Inform then Boss or Management.

3. Inform the boss and follow the standard procedure

I would have told the management of the error I made if I were in his place, showing my integrity and loyalty to the company without realizing that my integrity might jeopardize my promotion. But being ethical and trustworthy will also benefit me in the long run.

3 0
3 years ago
Read 2 more answers
You are given the following information for a country: Participation rate is 75%, the unemployment rate is 10%, the employment r
mariarad [96]

Answer:

O The size of the labor force is 40 million

Explanation:

Given:

Participation rate is 75%

Unemployment rate is 10%

Employment rate is 67.5%

The number of employed is 27 million.

As the employment rate is 67.5% of the size of the labor force which means that  27 million people are employed, we can say that number of people are employed equals to 67.5 percent of the total size of the labor force and we can write it numerically as:

27 = size of the labor force \times 67.5%

27 =  size of the labor force\times\frac{67.5}{100}

27 = size of the labor force \times0.675

Dividing both side by 0.675

Size of the labor force = 40 million

Therefore, (O The size of the labor force is 40 million) option is correct.

4 0
3 years ago
The Sarbanes-Oxley Act was created in response to corporate accounting scandals in the early 21st century to reform the accounti
Firlakuza [10]

Answer:

The answer is "Option A"

Explanation:

In this Act, the U.S. Congress in 2002 to financing offers against the risk of corporate accounting fraud. To enhance account statements on firms as well as reduce financial crimes, its Sarbanes Oxley Act (SOX) authorized information pertinent.

  • The SOX has been introduced in the early 2000s throughout responding to its accounting irregularities.
  • The Shareholder commitment within financial reports has been shattered by controversies in everything from Enron, Tyco, and WorldCom and a rewrite in regulatory requirements.
5 0
3 years ago
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