Of the options given, the most likely member of a utilitarian organization is<u> a. </u><u>Angela</u><u>, who works as a </u><u>lawyer </u><u>at a </u><u>prestigious law firm </u><u>and </u><u>earns $60,000 annually.</u>
A utilitarian organization is one where:
- Employees receive some sort of compensation for their work
- Employees are usually contracted to a company to provide a certain service
Angela is receiving a compensation of $60,000 annually and is a lawyer which means that they are probably contracted to the law firm.
We can therefore conclude that Angela is working for a utilitarian organization based on the fact that there is compensation and contract.
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The authoritative body designated to promulgate standards concerning an accountant's association with unaudited financial statements of an entity that is not required to file financial statements with an agency regulating the issuance of the entity's securities is the: <u>accounting and review services committee</u>.
<u>Explanation</u>:
The Accounting and Review Services Committee is a committee that engages in reviewing or compiling the unaudited financial statement.
An unaudited financial statement is a document that is not submitted by an individual for verification and review process. The financial statement is said to be unaudited until they are reviewed and approved by a certified external auditor.
The accounting and review services committee are responsible for promulgating standards regarding accountant association. The auditor helps in reviewing the financial statement of the individual.
B false was not giving written consent on Elizabeth had not
In order for a firm to earn economic profits, price must exceed average total cost.
This is A. true.
Answer: The correct answer is "smaller".
Explanation: The principle of increasing marginal opportunity cost states that the more resources devoted to any activity, the <u>smaller</u> the payoff to devoting additional resources to that activity.
This principle, better known as, the law of diminishing (marginal) returns, establishes that by increasing the amount of a productive factor in the production of the good or service in question, the production yield is reduced as we increase this factor As long as all other factors are maintained at a constant level (ceteris paribus).
It is a marginal decrease, that is, the increase is smaller every time.