Answer:
The correct answer is: in all decision making.
Explanation:
Economic analysis is used in all walks of life, in decision making. It is not only relevant for policymaking or in business or for students. Rather, it is used in day to day life as well.
Almost all the decision we make is based on cost-benefit analysis. It used by households and individuals for utility maximization. It is used by businesses for profit maximization and is used by policy makers for welfare maximization.
Answer:
Communication is conveying messages by exchanging thoughts and information.
Communication is the conveying of messages by exchanging thoughts or information via speech, visuals, signals, writing, or behavior. Communication requires a sender, a message, and a recipient, although the receiver may not be present or aware of the sender’s intent to communicate at the time of communication. Communication requires that the communicating parties share some area of commonality. The communication process is complete once the receiver has understood the message of the sender.
Answer:
The correct answer is letter "B": processing cost.
Explanation:
Processing cost is a method of costing implemented in large institutions to track the costs per unit incurred in the business. This approach is mainly used when the company produces items in mass-scale that are very similar or equal and the costs tend to be assigned in mid-term periods -typically one month.
Answer:
$409.02
Explanation:
In the first place, we need to determine the present value of the yearly annuity at the beginning of payout in 2 years:
PV=yearly payment*(1-(1+r)^-n/r
yearly payment=$150
r=annual rate of return on similar investments =9%
n=number of annual payments=4
PV=$150*(1-(1+9%)^-4/9%
PV=$150*(1-(1.09)^-4/9%
PV=$150*(1-0.708425211
)/9%=$485.96
Present value in 2 years=future value today=$485.96
PV=$485.96 /(1+9%)^2=$409.02
Option A is the correct answer
