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Delicious77 [7]
3 years ago
11

Each member of a cartel faces a temptation to cheat on the agreement because lowering its price slightly below the established p

rice will possibly increase the firm's sales and profit
Business
1 answer:
ryzh [129]3 years ago
6 0

Answer:

True

Explanation:

This is probably one of the greatest issues that cartels around the world face, since their agreements are difficult to maintain because it is very difficult to control the price and output policies of its members.

Even the largest cartel in the world, the Organization of the Petroleum Exporting Countries (OPEC), has problems when it comes to monitoring the petroleum output of its members. When some countries need more money they just increase their petroleum production even if the rest of the cartel doesn't agree with it.

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Which journal entry reflects the following transaction?:
Grace [21]

Answer:

The correct answer is Option A.

Explanation:

The concept of double entry says for every debit entry, there must be a corresponding credit entry. This is necessary for the journal entries to balance, that is, the total of the debit balance must always equal the credit balance.

The building purchased by BOC is an asset. So there is need to debit that account to recognize the asset. Since there was an outflow of cash to the tune of $50,000, we need to credit cash while the remaining balance being financed by mortgage will be credited to recognize the liability.

7 0
3 years ago
The division of productive activities among persons and regions so that no one individual or region is totally​ self-sufficient
ankoles [38]

The division of productive activities among persons and regions so that no one individual or area is totally self-sufficient is known as specialization.

Specialization is a business technique used to concentrate on producing a very narrow range of goods or services in order to achieve maximum productivity, subject-matter knowledge, and industry leadership. Specialization used businesses claim to get higher returns on their investments. Specialization is the antithesis of diversification, which is when a business expands outside of its primary business. Regions of a nation or even entire countries may be considered specializations. Many nations worldwide focus on producing or providing services that are unique to their region while importing other products and services.

Learn more about specialization here:

brainly.com/question/15191030

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8 0
1 year ago
In a period when costs are declining and inventory quantities are stable, the lowest cost of goods sold would be reported by usi
shusha [124]

Answer:

LIFO

Explanation:

To record the lowest cost of goods sold, the ending inventory amount must be high. This would only be high in LIFO whish would not be affected by declining costs.

By using LIFO (Last in First Out) inventory valuation will be based on the value of the earliest goods purchased instead of latest goods purchased as in FIFO (First In First Out)

7 0
2 years ago
Importance of strategic planning
irga5000 [103]
Huh? What are u asking
6 0
3 years ago
Read 2 more answers
With the advent of flexible manufacturing technologies and mass customization, establishing manufacturing facilities in each maj
juin [17]

Answer:

A. True

Explanation:

As with the increasing modernization the technologies are increasing, which makes it easy to produce what a human desires.

As it is increasing day by day, and the technologies are easily accessible, by many people , there aren't much human interference involved in this. Not much of the efforts of humans are involved. Accordingly, the humans do not carry the old culture and art in such production or manufacturing the products.

Also the marketing in these days is comparatively quite easy, as with the access of internet  by huge population.

These things make the efforts of people and manufacturers less attractive and visible.

3 0
3 years ago
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