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IRISSAK [1]
3 years ago
13

Imagine yourself as a business owner just before an economic event such as a recession or depression. What impact would a sudden

lack of income have on the price of the goods you sell?
Business
2 answers:
liberstina [14]3 years ago
8 0

An economic depression is when the price of the goods in the market is decreasing. Your income will be less as the prices of the goods are low

Nady [450]3 years ago
3 0

An economic depression is a long-term downturn in economic activity that is more severe than an economic recession. An economic recession is the slowing of business activities during a normal business cycle whereas the depression is unusual and an extreme form of a recession.

If an economic recession or depression is coming, and a sudden lack of income is happening all over, then the price of goods you sell will probably need to drop to accomidate the lack of income people are receiving. As a business owner, you want to make sure you are creating profit for yourself but also selling the items you have and not being stuck with them during a time where no one is spending money. If you are aware of the recession or depression happening, then you are also loosing funds for your personal items that are needed.

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Economists refer to their methodology for analyzing oligopolies as a game theory​ because, as in​ games _____.
melisa1 [442]

Answer:

e. all of the above

Explanation:

Just like inn games, all the features enumerated in the options apply.

Specifically, actions by players determine outcomes. Also, players employ strategies to obtain desired results.

7 0
3 years ago
The amounts for recording properties and services purchased by a business are determined using the:______.
Alex17521 [72]

The amounts for recording properties and services purchased by a business are determined using the cost concept.

<h3>Which principle determines the amount initially entered into the records for purchases?</h3>

A principle of accounting establishes the initial amount entered for purchases in the accounting records. According to the cost idea of accounting, all purchases of items (such as assets or items required for spending) should be recorded and kept in books at their original cost. Therefore, unless specifically indicated differently, it should be understood that an asset's value on a balance sheet represents its cost. Let's use the case of a company that pays cash or bank for a building worth $200,000. The worth of the building will be recorded in the accounting records using the cost concept of accounting, which equals $2,000,000. After four years, the building's worth increased to $1,000,000.

To learn more Cost concept, Visit:

brainly.com/question/24077535

#SPJ4

5 0
2 years ago
Advantages and disadvantages of implementing plan where functional managers will be held responsible for cost overruns against t
Morgarella [4.7K]

Answer:

Kindly check explanation

Explanation:

Implementing plans where functional managers will be held responsible for cost overruns against their original estimate possess both advantages and disadvantages :

The advantages include:

1) Efficient use of Resources : A functional manager could be explained as the head or a person who has managerial authority over a department within a business organization. As such the functional manager will be able to monitor more effectively and take control of his unit. Holding them responsible for cost overruns will ensure that they are more cautious when it comes to resource and cost management as they will not want to be sanctioned.

11) ACCOUNTABILITY: It increases the sense of responsibility of the functional managers as they are being held fully responsible for the decisions made within their unit. This places a higher burden of showing sincerity on the managers.

The disadvantage associated with the plan is the possibility of producing low quality products resulting from the economical and cautious approach embarked upon in other to prevent cost overrun, materials used may be lesser quality than expected.

5 0
3 years ago
A client has been given atropine to cause mydriasis and cycloplegia. What is the expected outcome for this client?
Nady [450]

Answer:

dilation of the pupil and loss of accommodation

Explanation:

Mydriasis is the dilation of the pupil of the eye. The dilation causes vision to be blurry.

Cycloplegia on the other hand is the loss of accommodation of the pupil and it is caused by the paralysis of the cilliary muscle of the eye. This paralysis causes the eyes to lose its ability to focus on things nearby.

Looking at this two conditions from the administration of atropine, the expected outcome of the client is blurry vision and inability to focus or see things close by(farsightedness).

I hope this helps.

5 0
3 years ago
A _____ is subsidiary to the work-in-process account and is the primary document for accumulating all costs related to a particu
OlgaM077 [116]

Answer:

correct option is b. job-order cost sheet

Explanation:

A job order cost sheet is subsidiary to work in process

because job-order cost sheet are the documents that is use for record the manufacture cost.

and all necessary and important detail of cost & job is written in job cost sheet

and it is also accounting record of the company  

so here given that primary document for accumulate all cost related to a particular task

so correct option is b. job-order cost sheet

8 0
3 years ago
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