It should be noted that the cash that's used to make purchases as illustrated is the transactionary motive of holding money.
A financial transaction simply means an agreement that takes place between the buyer and the seller. It is the exchange of goods or services.
The transactionary motive of holding money simply means holding money in order to meet daily financial needs such as buying goods.
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Answer:
The statement is: True.
Explanation:
The matching principle of the Generally Accepted Accounting Principles (<em>GAAP</em>) states that the expenses a company incurs during a period must match with the revenues those expenses were incurred during the same period. This principle is usually implemented with the accrual accounting method leaving in clear that expenses are incurred to generate profit.
Answer:
Comparative Advantage
Explanation:
The assumption of Comparative Advantage theory is that there is no barrier.
It is explained in the model that if each country focuses on what it does best relatively then both countries together can produce more of each good/service using all their labor.
Then they can trade with each other and benefit. (To trade they must produce what the other need)
Answer:
The correct answer is: television.
Explanation:
The "Cola Wars" refers to the increasing competition between worldwide known soft drinks Coca-Cola and PepsiCo during the 50s and 60s. Those decades were characterized by rapid changes in the world and the soda business was not left behind. In those years, a powerful source for marketing was introduced: the television. This boosted propaganda for the drinks of the two companies.
The following options are correct: A, B AND C.
Price ceiling and price floor are two price control methods which the government used to control price. Price ceiling is used to prevent prices from been too low while price floor is lowest price a commodity can be sold for .
