Answer:
Absolute Advantage: The ability of an actor to produce more of a good or service than a competitor.
Comparative Advantage: The ability of an actor to produce a good or service for a lower opportunity cost than a competitor.
Explanation:
For the Age Discrimination in Employment Act to apply Lomax must be forty years of age or older.
<h3>
What is Age Discrimination in Employment Act?</h3>
- Age discrimination against anyone over the age of 40 is prohibited by the Age Discrimination in Employment Act (ADEA).
- It does not cover workers under the age of 40, while some states have legislation prohibiting age discrimination against younger workers.
- Certain applicants and employees 40 years of age and older are protected from age discrimination in hiring, promotion, discharge, salary, or terms, conditions, or privileges of employment under the Age Discrimination in Employment Act of 1967 (ADEA).
- If a company promotes ageism in the workplace, it is likely to observe a decrease in productivity and an increase in attrition.
- A business with low morale and an inability to retain a steady workforce has little prospect of long-term success.
Therefore, for the Age Discrimination in Employment Act to apply Lomax must be forty years of age or older.
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The correct question is given below:
Kyla replaces Lomax in his job at Motor Vehicle Manufacturing Corporation (MVMC).
Refer to Fact Pattern 18-1. Lomax believes that he has been discriminated against on the basis of his age. For the Age Discrimination in Employment Act to apply
Answer: Answer is 1
Explanation:
In a market economy, a high price is a signal for producers to supply more and consumers to buy less.
Financial statements include assets listed at historical costs. Hence, the assets are recorded at their historical cost.
<h3>What do you mean by historical costs?</h3>
The price paid when an asset was purchased is known as the historical cost. On a company's balance sheet, the majority of long-term assets are recorded at their historical cost.
One of the fundamental accounting principles outlined by generally accepted accounting principles is historical cost (GAAP). The use of historical cost is consistent with conservative accounting because it avoids overstating an asset's value.
Hence, Financial statements include assets listed at historical costs. Hence, the assets are recorded at their historical cost.
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Answer:
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