Answer
Hi,
A country made education free and mandatory up to age 15. It established 100 new schools to educate kids across the country. As a result, citizens acquired the __skills____ required to work. The schools generated__jobs___ for teachers and other staff. In 20 years, the country saw a rapid __increase____ in its GDP.
Explanation
When the country makes education free and mandatory, many parentsare encouraged to take their kids to school to learn and acquire skills needed for them to participate in building the nation. Establishing new 100 schools is investing in human capital which will create employment opportunities for teachers and other staff in the education and training sector. When employment opportunities are created, people will earn money and pay taxes to the government. This will in turn cause growth of the GDP of the country.
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Answer:
C) Price must be below the equilibrium price
Explanation:
In a perfect competition, price is determined by the industry and no individual consumer or producer can manipulate the price. When something is in equilibrium, it refers to a balanced state with no will to change. In a perfectly competitive market, equilibrium is a point where supply is equal to demand. Market supply is the sum of individual supplies by all producers of the same commodity in the market. Market demand I'd the sum of individual demand by all consumers of a commodity in a market.
The price at which a market becomes equilibrium is the equilibrium price and the quantity supplied or demanded at the equilibrium price is the equilibrium quantity. When a price is above the equilibrium price, suppliers tend to increase the supply for profits. This could cause a condition of excess supply. In order to sell out the excesses, the price will have to go below the equilibrium price.
When a price is below the equilibrium price, consumers tend to buy at a reduced price. This causes excess demand. Here, consumers are willing to pay higher to meet the exorbitant demand and thus, the price rises to the equilibrium level.
Answer: Balanced scorecard
Explanation:
The balanced scorecard is referred to as the strategy administration management method. It is also known to be a semi structured report. It is foremost utilized by the employees i.e. managers of the organization in order to keep the records of implementation and enforcement of the activities, which are undertaken by their employees within the authority and control , so as to monitor the circumstances arising from this.
2. False
3. True
4.False
6.True
7.False
Users of managerial accounting information include managers, engaged employees, lenders, and investors.
Accounting , also known as, is the measurement, processing and transmission of financial and non-financial information about economic entities such as firms and enterprises. Accounting, called the "language of business", measures the results of an organization's economic activities and communicates that information to various stakeholders such as investors, creditors, managers and regulators. Accounting practitioners are known as accountants. The terms "accounting" and "financial reporting" are often used interchangeably.
Accounting can be divided into several areas such as financial accounting, operational accounting, tax accounting and cost accounting.
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