PRODUCTION CYCLE is the <u>time span between the receipt of raw material and their conversion into finished goods.</u>
Answer:
A. An inquiring mind and suspension of belief is the correct answer.
Explanation:
- Professional skepticism is an inquiring mind that includes critical evaluation, questioning, and staying alert to situations that may indicate possible error because of fraud and mismanagement and also an important evaluation of audit data.
- The elements of professional skepticism are questioning mind, autonomy, suspension of knowledge,interpersonal judgment, search for information, and self-esteem.
- Professional skepticism performs an important role in the audit and we need professional skepticism to maintain an audit of the expectation.
Answer:
Price elasticity of demand = 1.2
Explanation:
Given:
Old price (P0) = $2
New Price (P1) = $3
Old quantity (Q0) = 4,200
New quantity (Q1) = 3,000
Price elasticity of demand = ?
Computation of Price elasticity of demand :
Price elasticity of demand = % change in quantity / % change in price
Price elasticity of demand = [(4,200-3,000)/3,000] / [(3-2)/3]
Price elasticity of demand = 1.2
Answer:
Receiving a high-level promotion
Explanation:
Abraham Maslow created a motivational theory as per which different needs of an individual can be prioritized with respect to their order of importance.
Maslow defined 5 needs in his hierarchy which are as follows:
Basic Psychological Needs
Safety Needs
Emotional Needs
Self Esteem Needs
Self Actualization Needs
As per the given information, receiving a high level promotion satisfies an individuals self esteem needs and earning respect and recognition among peers.
1 what will be produced?
2 how will it be produced?
3 how will the output society produces be distributed?