Answer: Key Business Functions.
Explanation:
The key business functions are the basic activities carried out in a business to ensure that the business is successful. The key business functions include: sales, marketing, accurate accounting, human resource, finance, market research etc.
The correct answer to your question is : <span>A law is passed whereby a mandatory retirement age of 60 is imposed</span>
Answer:
Estimated manufacturing overhead rate= $2.75 per machine hour
Explanation:
Giving the following information:
Overhead costs are estimated to total $348,425 for the year, and machine usage is estimated at 126,700 hours.
To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 348,425/126,700= $2.75 per machine hour
The person then concludes that falling consumer prices leads to economic growth. This would be an example of <u>"Confusing correlation and causation".</u>
Correlation is the connection between two sets of variables used to depict or anticipate data. There is an emphasis here on relationship. Sometimes we can utilize relationship to discover causality, however not generally. Keep in mind that connection can either be certain or negative.
Causation, otherwise called cause and effect, is the point at which a watched occasion or activity seems to have caused a second occasion or activity.
Money is a unit of account, it's a store of value, and a medium of exchange
Hope this helps