Answer:
Ohhh, this is business related. The requirements for an acceptance, in economics/business, are that both people in the agreement must do what they requested, and the offer must be made with the intent to follow through on the agreement. You can look at Google for a more in depth explanation, but this should help. :)
Answer: D. an understatement of expenses and an overstatement of owners' equity
Explanation:
If a purchase of merchandise was not recorded, it would mean that Purchases being <u>an expense</u> that contributes to the Cost of Goods sold would be understated.
This understatement would mean that the the Net income is overstated because the purchase expenses were never deducted from it. Net Income is part of owners' equity so if it is overstated, so is owners' equity .
Answer:
b. opportunity cost
Explanation:
<u>The opportunity cost is a term for a process when one thing is chosen and the other alternatives are lost as a cost. </u><u>This is one of the key concepts in economics</u>, as it explains the gain, costs, benefits, and choices. It doesn’t only have to refer to the money cost, but to any loss, that is made during the process of choosing between the alternatives.
The profit and benefits of other choices are lost by making a decision to chose one thing, and benefiting it from it alone.
Answer:
Pure project
Explanation:
A pure project management structure is one in which a team works full time on a project and the project manager of such project has full control of the project with very little control/interference from the top management levels.
This lesser interference from top management levels the more control and flexibility of the project managers towards accomplishing the project.
Cheers.
