<span>An entrepreneur does not have to share any profits with an employer would be an example of the Economic incentive.
In general, many corporations set up a regulation for its employees who want to open up a business, in which that they're allowed to do it under their employmment as long as they share a percentage of the profit for the company. If this regulations are gone, the entrepreneur would obtain more profit.</span>
When costs to purchase inventory are rising, using LIFO leads to reporting <u>lower</u> cost of goods sold and <u>higher </u>net income than FIFO.
<h3>LIFO and FIFO</h3>
LIFO means last in last out while FIFO represent first in first out. In a situation were price of goods and service are falling using LIFO tend to assume that the newer and less expensive inventory is sold out first.
This tend to lead to lower cost of goods sold and higher net income.
Inconclusion when costs to purchase inventory are rising, using LIFO leads to reporting <u>lower</u> cost of goods sold and <u>higher </u>net income than FIFO.
Learn more about LIFO and FIFO here:brainly.com/question/24938626
Answer:
The question is incomplete, the options are missing. The options are the following:
For the first gap: increase/decrease.
For the second gap: support/oppose.
And the correct answers are: Decrease/oppose.
Explanation:
To begin with, in the microeconomics theory when it comes to concept of substitutes it refers to the relationship that exists between two goods that are similar in characteristics and therefore that they are probably to substitue one for the other in the market in the case when one's price is higher that the other. That is why that in this case presented, the legalization of the marijuana would obviously lead to a decrease in the demand of the cigarattes due to the fact that now the consumers will start to consume more of the other, letting the cigarette fall. And therefore that the distributors of cigarattes would likely be oppose to the legalization because it will affect their business.
Dangerous working conditions and long hours of factory jobs in the 1800s
<span>The Center for Food Safety and Applied Nutrition, which is also known as CFSAN, is responsible for overseeing food labeling in the United States. </span>