<u>Answer:</u>
The correct option is Unit of account
<u>Explanation:</u>
One of the functions of money is Unit of accounts in economics. The worth of an object is measured in a distinct currency. One of the downfalls of unit of account is that it is regarded as the steady unit of account but inflation factor devastate the said assumption that money is steady. It is regarded as the basic property of the money.
Thus, the correct option will be Unit Of Account.
The answer from the given options is "d. the world experienced little to no growth until the industrial revolution, after which some economies began to experience real economic growth".
Economic growth refers to the expansion in the inflation balanced market estimation of the merchandise and ventures delivered by an economy after some time. It is expectedly estimated as the percent rate of increment in real gross domestic output, or genuine GDP.
Answer:
d) manufacturing overhead
Explanation:
The term manufacturing cost comprise of direct material + direct labor + manufacturing overhead cost. It is the cost which is to be incurred to make a product.
In mathematically,
Manufacturing overhead cost = Direct material cost + direct labor cost + manufacturing overhead cost
Hence, the correct option is d. manufacturing overhead
Answer with its Explanation:
The forces that had lessened the importance of the cost and management accounting systems in today's dynamic world are as under:
- The ancient bookkeeping and the costing techniques were very time consuming and the accounting systems were also not integrated with the financial accounting systems. Today we have very robust and integrated systems which helps the management of the business operations nation wide with greater security and better performance than the previous old versions.
- The complexity of the organization operations have resulted in origination of additional management accounting techniques that were adapted in the form of automated software, that are used to produce management reports on daily, weekly, monthly and yearly basis. The examples include the Throughput costing, Activity based costing, Bench-marking techniques, etc.
- The activities automation has led to attaining of maximum efficiency possible in some areas which wasn't possible in the past. The robots management systems, activity automation, etc has increased the fixed cost share in the total cost and the variable cost has become a very minute share of the total cost of the activity. This variable cost which is often referred to as controllable cost, is very less in percentage share of total cost today than 10 years back. In the future, we will see it as a very very very small share of total cost. This makes the today's management costing techniques obsolete and requires new solutions, new techniques, new softwares, etc. to manage the companies operations.
Answer:
<u>Uniform delivered pricing</u>
Explanation:
<u>Uniform delivered pricing:</u> In business or management, the term "uniform delivered pricing" is determined as one of the pricing methods whereby every customer tends to pay a similar amount of money or freight costs to the seller irrespective of their distance from the seller's dispatch point. Uniform delivered pricing is also denoted as "postage stamp pricing".
<u>In the question above, the given statement represents the "uniform delivered pricing".</u>