Answer:
an employee of a large corporation who is given freedom and financial support to create new products, services, systems
Explanation:
Answer: standing plan
Explanation:
Standing plan is used over a long period of time and is altered as situations change. It also helps in bringing about harmony and consistency to the company.
The plan usually contains goals, policies, methods, dos and don'ts which are otherwise known as rules and strategies of a company.
This plan benefits the managers as it covers the problems they face frequently.
Lorenz curve shows income distribution, hence the correct answer is (D).
Explanation: Lorenz curve is the graphical distribution of the income distribution or wealth distribution. It is also known as probability plot. It has a line of equality (always 45 degrees) which depicts the fair means of income distribution and data when plotted on the curve tells that how much inequality prevails. Horizontal axis shows the increasing share of population and vertical axis shows the increasing percentage of total income received.
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Answer:
Absolute advantage
Explanation:
Absolute advantage is the term which described as the ability of country, company or individual to produce the greater quantity of the service or good along with the same quantity of inputs per unit of time or producing the same amount of quantity per unit of time through using the lesser quantity of inputs.
The sepcialization should not be grounded on the absolute advantage rather it is grounded on the comparative or relative advantage as being better at something than someone else.
Answer:
Explanation:
a. At the end of the period, bad debt expense is estimated to be $15,000.
b. During the period, bad debts are written off in the amount of $9,500.
Assets = Liabilities + Stockholder's Equity
a.
Retained Earning -$15,000
Account Receivable -$15,000
b.
Allowance for Doubtful Account -$9,500
Account Receivable -$9,500
(Allowance for Doubtful Account is a contra account to account receivable decrease in this account will ultimately increase the assets value.