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notka56 [123]
3 years ago
7

What is absolute advantage

Business
2 answers:
maxonik [38]3 years ago
5 0

Absolute Advantage in business terms is the fact that a certain company has everything in their favor, from great advertising team, a large and ready consumer group, the right kind of products to push out, as well as high quality and fairly low price. Compared to their competitors, they may also give better customer service, and are willing to talk about any product problems, and find solutions that satisfy both sides, which would all draw more consumers to them then their competitors, creating essentially a monopoly.

~

Colt1911 [192]3 years ago
3 0

In economics, the principle of absolute advantage refers to the ability of a party to produce a greater quantity of a good, product, or service than competitors, using the same amount of resources.

hope it helps

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Answer and Explanation:

The journal entry is as follows;

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3 years ago
FIll in the blanks with options in below:
Anika [276]

Answer:

To show better​ performance, a department supervisor might report a higher degree of completion resulting in Understated cost per equivalent unit and Overstated operating income. In other​ words, estimates of degree of completion can help controlling the carried cost. To guard against the possibility of bias, managers should ask supervisors specific questions about the process they followed. Top management should always emphasize obtaining the correct answer, regardless of how it affects reported performance. This emphasis drives ethical actions throughout the organization.

Explanation:

A supervisor should reduce company's cost and enhance its earning. To show better performance and stand out among other employees, a supervisor should take measures to report higher completion of units and reducing cost per equivalent unit which will ultimately increase operating income of a company. The correct estimate of degree completion for units helps to control the cost carried in ending inventory and the cost carried in the beginning inventory of the following year. The correct estimate of degree of completion of units helps smooth the earnings of a company. To guard the possibility of bias and favors, managers should ask supervisor about the process they follow and investigate if any discrepancy is found. Top management of a company emphasizes to obtain correct answer and drive ethical actions within the company.

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4 years ago
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The choices can be found elsewhere and as follows:

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I believe the correct answer is option B. </span><span>In the execution phase of a project's life cycle, activities are guided by decisions that were made in the planning phase. Hope this answers the question.</span>
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7 0
3 years ago
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