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olya-2409 [2.1K]
3 years ago
12

Mediocre economists often consider only the immediate apparent effects of a change, whereas a good economist will also consider

effects that may only become observable over time. This statement most clearly emphasizes:
A. The fallacy of composition
B. Economizing behavior
C. The importance of secondary effects
D. The fact that association is not causation
Business
1 answer:
olga nikolaevna [1]3 years ago
6 0

Answer:

C. The importance of secondary effects

Explanation:

Secondary economic impact is a study of economic activities due to recurring rounds of spending by companies, households, and the government.

Secondary effects are long term and comes after the primary effect (first round of spending).

It is also called induced economic effect.

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A(n) _____ broadly defines an organization's purpose—what it is seeking to achieve from its activities—identifies what is unique
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Answer:

(B) mission statement

Explanation:

A mission statement broadly defines an organization's purpose—what it is seeking to achieve from its activities—identifies what is unique or important about its products to its employees and customers, and also distinguishes or differentiates the organization in some ways from its competitors.

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3 years ago
Zola puts her toys away in the toy chest and goes to eat dinner. her brother, unbeknownst to her, decides to take all of her toy
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3 0
3 years ago
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Prepare the company’s direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted eac
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Answer:

Answer for the question:

Prepare the company’s direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced. (Round "Direct labor time per unit (hours)" and "Direct labor cost per hour" answers to 2 decimal places.)

is explained in the attachment.

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Download pdf
7 0
4 years ago
True or False: The LIFO Conformity Rule states that if the LIFO method is used for income tax purposes, it can not be used for f
elena-s [515]

Answer:

FALSE

Explanation:

The LIFO conformity rule requires taxpayers that elect to use LIFO for tax purposes to use <u>no method other than LIFO to ascertain the income, profit, or loss for the purpose of a report or statement to shareholders, partners, or other proprietors, or to beneficiaries, or for credit purposes</u>.

Hence the IRS requires that the same method for income tax purpose be used for financial statement purpose

6 0
3 years ago
A manager should attempt to maximize the value of the firm by changing the capital structure if and only if the value of the fir
faust18 [17]

Answer:

Option a                                

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Value maximization can be performed by changing the capital structure which affects the payment obligations. The value maximization affects all the stakeholders of the organisation therefore, the decision should be made by tasking into consideration them all.

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3 years ago
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