Answer:
It is Risk Assessment
Explanation:
Risk Assessment is process of identifying and analyzing potential events that may negatively impact on the business either as individual or in aggregate and prevent the company from achieving its objectives.
Each business has its own inherent risks and a conscious efforts must be made to identify and analyse them using impact assessment. Necessary measures must be put in place to prevent or reduce their impacts.
Explanation:
a) A free market would allow the laws of demand and supply to flourish; prices of commodities will be set by manufacturers based on demand. However, Government regulations which interfere with the free market is going to result in feeling the pain of monopoly.
b) Indeed, the price mechanism when controlled by the government can result in efficient provision of public goods.
One such example of a public good ls PMS (premium motor spirit) used as petrol in most vehicles. Controlling the price of petrol by the government in most cases helps avoid excessive charges from petrol stations per pump price.
The average house cost after 10 years would be $147,073.11.
<h3>What will be the average house cost after 10 years?</h3>
The cost of house is reducing with the passage of time. This means that the cost of house in 10 years would be cheaper than it is today.
The formula that can be used to determine the cost of a house in 10 years is:
FV = P (1 - r)^n
- FV = Future value
- P = cost of a house today
- R = rate of decline
- N = number of years
180,000 ( 1 - 0.02) ^10
180,000 x 0.98^10 = $147,073.11
To learn more about future value, please check: brainly.com/question/18760477
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Process accounting's solution for nonuniform manufacturing inputs is: calculate equivalent units for each category of manufacturing output.
Process costing, process accounting, is used in cost accounting. This is known for collecting and assigning manufacturing costs to the good produced. Process costing is used to get each item down to the same cost per produced good and in large sums.