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oksian1 [2.3K]
3 years ago
14

Economic integration is a process of eliminating restrictions on international trade, payments, and factor mobility. Economic in

tegration results in the uniting of two or more national economies in a regional trading arrangement.
A) True
B) False
Business
1 answer:
valina [46]3 years ago
4 0

Answer:

True

Explanation:

Economic integration refers to an agreement between countries to eliminate trade barriers and coordinate their monetary policies. The integration allows to reduce trade costs, more employment opportunities as there is mobility and market expansion. Usually, this is considered a regional trading arrangement as it tends to be between neighboring countries. An example of a economic integration is the European Union. According to  this, the statement is true.

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The additional utility a person receives from consuming an additional unit of a good or service is known as?
dmitriy555 [2]

The additional utility a person receives from consuming an additional unit of a good or service is known as Marginal Benefit.

<h3>What is service?</h3>

Services are referred as a type of product that is offered to someone in terms of facilities like the one received in a restaurant or shopping mall. It is a type of commodity or product that is intangible in nature, one can only feel it.

The additional utility a person receives from consuming an additional unit of a good or service is known as Marginal Benefit. Any activity can have its net benefit increased by selecting the amount at which marginal utility equals marginal expense.

Learn more about Marginal benefits, here:

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6 0
1 year ago
An important goal of a responsibility accounting framework is to help ensure which of the following?
MariettaO [177]
<h2>segment and company financial goals are congruent.</h2>

Explanation:

I think the options are missed and hence given below for your reference:

a) decision-making is made by the top executives.

b) investments made by each segment are minimized.

c) identification of operating segments that should be closed.

d) segment and company financial goals are congruent.

Let us understand the meaning:

Congruent: It means two or more things coincides when superimposed.

Financial goals: The target which needs to be achieved in the current financial year.

Segments: Segment speaks about the location, product or service provided by the company.

Financial goals are necessary so that it would be easy to organize and work towards the specific goal.

For the business goal to be achieved, every organization should frame financial targets or goals.

So the important goal is to achieve segment and company financial goals and they become congruent when achieved.

3 0
4 years ago
List the steps in the PACED decision-making process.
Citrus2011 [14]
<span>P. Step 1: Define the Problem. Why do you have to make a choice?
A. Step 2: List the Alternatives.
C. Step 3: Determine the Criteria (rules for evaluating or testing options)
E. Step 4: Evaluate the alternatives.
<span>D. Step 5: Make the Decision.</span></span>
3 0
4 years ago
MySpace is a social network that is targeted primarily to people under the age of 25 years old. In 2005, when MySpace was the le
mrs_skeptik [129]

Answer:

Social

Explanation:

In this secanrio social forces affected MySpace performance and they were eventually sold at $38 million from an initial value of $580 million.

Social factors affect consumer behaviour, through influence of a person or group on another through culture social class, reference groups and family.

My Space targeted only people below 25 years, so this means they cannot interact with people in other age groups. They lost appeal for MySpace as a result.

6 0
3 years ago
. Use the following adjustment information to complete the Adjustments columns of the work sheet. Depreciation on equipment, $18
Dennis_Churaev [7]

Question Completion:

Since the Trial Balance was not provided, we assume that the Supplies account had a beginning balance of $120 for the purpose of this exercise.  Any other figure can be substituted for this balance.

Answer:

Adjusted Trial Balance as of December 31:   Income Statement    Balance

                                                Debit   Credit   Expense  Revenue    Sheet

a. Depreciation expense        $18                        $18

  Accumulated Depreciation              $18                                     -$18 assets

b. Accrued Salaries               $21                        $21

   Salaries Payable                             $21                                    $21 liabilities

c. Unearned Revenue          $27                                                 -$27 Liab.

   Earned Revenue                            $27                       $27

d. Supplies Expense           $30                        $30

   Supplies                                        $30                                     -$30 assets

e. Insurance Expense        $30                        $30

   Prepaid Insurance                       $30                                     -$30 assets

                   

Explanation:

Company B with the adjusting events above, usually recorded through the adjusting journal, can also be adjusted directly in the trial balance with their effects on the financial statements clearly demonstrated.  Expenses have debit accounts while liabilities have credit accounts.  Expenses reduce the net income, revenues increase the net income, while liabilities and assets can be reduced or increased as the case may be.

5 0
3 years ago
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