Answer:
The correct answer is option (B).
Explanation:
According to the scenario, the journal entry for the following terms can be shown as follows:
Journal Entry
Work in process A/c Dr $156,000
To Material A/c $156,000
(Being the material requisitioned is recorded)
The journal entry has to be recorded for material requisitioned only, Hence option (B) is the correct answer.
Answer:
E.
Explanation:
Environmental Factors:
-Socio-cultural Factor
-Economical Factor
-Demographical Factor
-Technological Factor
The term "socio-cultural environment" describe the beliefs, values, attitudes,
opinions, and lifestyles of persons in the firm’s external environment as developed from cultural, demographic, religious, educational and ethnic conditioning.
Examples: Lifestyle changes, career expectations, age distribution, regional shifts in population, birth rates, life expectancies, growth rate in population, consumer activism, rate of family formation.
Is used in business or marketing to describe an environment composed of values and behaviours. These elements decide, to a large extent, “what the people will consume and how they will buy”. A socio-cultural environment is a population, and it is described with special attention paid to social and cultural factors.
I think it would be “oligopoly”
Answer: increase would take place with long run aggregate supply.
Explanation:
The Production Possibilities Curve shows the highest combinations of two goods that can be produced if all resources are utilized efficiently.
Should this curve increase, it would mean that the capacity to produce has increased in the country and they are now able to produce more goods than before.
This would impact the long run aggregate supply curve by shifting it to the right to show that more goods can now be produced in the economy than before.