Answer:
true
Explanation:
Services are different than products because they:
- products can be stored for future use while services perish immediately after being performed or if they are not consumed, e.g. unsold spaces in a theater cannot be stored for later use ⇒ Perishability
- products are tangible, while services cannot be measured, weighted, etc. ⇒ Intangibility
- products can be mass produced and can be homogeneous, while services are unique because every time they are consumed, the experience varies depending on the conditions and circumstances that surround it ⇒ Heterogeneity
- You can own and transfer the title of a product, while you cannot transfer the title of services, e.g. you rent the room of a hotel for a night but that doesn't make you owner of the room ⇒ Ownership
- Products are independent and separate from the people or machines that produce them, while services cannot be separated from the people or things that provide them ⇒ Inseparability
Answer:
Wetlands are highly productive and biologically diverse systems that enhance water quality, control erosion, maintain stream flows, sequester carbon, and provide a home to at least one third of all threatened and endangered species. ... improve water quality. provide wildlife habitat. maintain ecosystem productivity.
Answer: C. an implied contract.
Explanation:
An Implied Contract is one that arises as a result of the way one or both of the parties involved in the contract acts towards the other.
Unlike an Express Contract, it need not be written down but it does have the same legal weight and strength of a written contract.
The basic principle of this contract is that people should always be treated fairly in business transactions so the need to always pen it down is not necessary.
By walking in and leaving his clothes at the laundry, Bill got into an Implied Contract as it would be unfair for Tom to just clean his clothes with no payment.
Answer:
$66,700
b. LIFO = $70800
67807.81
Explanation:
LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.
(8130 x 8) + [(9090 - 8130) x 6) = 70800
FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold
(3010 x 6) + [(9090 - 3010) x $8] = 66,700
Average cost = [(3010 x 6) + (8130 x 8)] /
18060
48640
b 65040
5760
Answer:
When the price of good y increases by 10% it will result in the quantity demanded of x to increase by (0.6*10) =6%. The current quantity demanded of good x is 10 so a 6% increase will mean the quantity demanded of x will be (1.06*10)= 10.6
Explanation:
The cross elasticity of goods x and y is 0.6, which means that a one percent increase in price of good y will increase the demand for good x by 0.6%, this means that x and y are substitute goods, as when the price of y increases people tend to buy more of x.
When the price of good y increases by 10% it will result in the quantity demanded of x to increase by (0.6*10) =6%. The current quantity demanded of good x is 10 so a 6% increase will mean the quantity demanded of x will be (1.06*10)= 10.6
