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Kipish [7]
3 years ago
7

If supply for a product is high but demand is low, what most likely needs to happen to achieve equilibrium?

Business
2 answers:
vodka [1.7K]3 years ago
7 0
<span>If supply for a product is high but demand is low, the one that most likely needs to happen to achieve equilibrium is: B. The price of the product must go down. High supply of product will create an abundance in the market. By lowering the price of the product, it will attract more consumers for that product (icnreasing its demand) and will eventually lower the product abundance and bring the curve into equilibrium</span>
liubo4ka [24]3 years ago
3 0
The Correct Answer is The supply needs to be raised I got the answer wrong when I chose "B" like the one above states is the correct answer but its actually "C" 
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Project manager in a functional matrix had more lesser influence over one in a dedicated project team because:

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<h3>Who is a Project manager?</h3>

A Project manager is a manager with the responsibiltiy of planning, organizing and directing the completion of specific projects for such organization.

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In conclusion, in a functional matrix, the manager sdoes compensate for their lack of formal authority by exercising informal influence through the use of relationships and personal <em>currencies.</em>

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2 years ago
Nick has a policy that the insurer can cancel when he turns 65. Which type of policy is it?
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Answer: Conditionally renewable

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Conditionally renewable is the type of policy offered by companies to their clients to not renew upon reasons that are stated in the contract.

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The pdca cycle is a powerful approach for problem solving as it provides the foundation for teams to
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4 0
2 years ago
Which of the following scenarios would indicate that a nation's economy is entering the recovery phase of the business cycle?
tensa zangetsu [6.8K]

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2 years ago
Which of the following statements is most accurate? Multiple Choice In process costing, estimating the degree of completion of u
kirza4 [7]

Answer:

C. The FIFO method computes equivalent units based only on production activity in the current period, ignoring the percentage of completion in beginning Work in Process inventory.

Explanation:

THIS IS THE COMPLETE QUESTION BELOW

Which of the following statements is most accurate?

A. In process costing, estimating the degree of completion of units is usually more accurate for conversion costs than for direct materials.

B. The FIFO method includes the cost of the beginning Work in Process inventory account in calculating cost per equivalent units.

C. The FIFO method computes equivalent units based only on production activity in the current period, ignoring the percentage of completion in beginning Work in Process inventory.

D. The FIFO method of calculating equivalent units of production merges the work and the costs of the beginning inventory with the work and the costs done during the current period.

E. It is not possible for there to be a significant difference between the cost of completed units between the weighted average and the FIFO methods.

EXPLANATION

FIFO method which is known as

(First In, First Out) can be regarded as an asset-management as well as valuation method , this method follows a process whereby any assets that is first produced or acquired are the asset that are sold first or first disposed. For the purposes of tax, FIFO gives assumption that assets that has oldest costs are usually entered into cost of goods sold I.e (COGS) income statements. Fifo can be calculated by finding the cost of oldest inventory, then multiply it by the amount of inventory sold.

It should be noted that The FIFO method computes equivalent units based only on production activity in the current period, ignoring the percentage of completion in beginning Work in Process inventory

8 0
2 years ago
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