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jek_recluse [69]
3 years ago
8

If a price ceiling is set above the equilibrium price in a market rev:a. rationing will be necessary. b. surpluses of the commod

ity will develop. c. the quantity demanded will exceed the quantity supplied. d. the quantity supplied will equal the quantity demanded.
Business
1 answer:
olga_2 [115]3 years ago
4 0

Answer:

b. surpluses of the commodity will develop

Explanation:

A price ceiling is when the government or an agency of the government sets the maximum price for a good or service.

If price ceiling is set above equilibrium price, suppliers would increase supply while consumers would reduce demand. This would lead to an excess supply and surplus in the economy.

When price ceiling is set above equilibrium price, it is known as a non binding price ceiling.

I hope my answer helps you

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In order to present an accurate picture of the financial health of his company, Bob reported all of the expenses that had been i
Flura [38]

Answer:

a.) matching

Explanation:

Matching principle is the accounting principle in which the expenses incurred should be recorded at the same period when the revenues are earned. Also the business incurred the expenses in order to earn the revenues

So as per the given situation since Bob recognized the expenses but it is not paid so here he is using the matching principle

Therefore the option a is correct

8 0
3 years ago
West Corp. issued 20-year bonds two years ago at a coupon rate of 8.6 percent. The bonds make semiannual payments. If these bond
Troyanec [42]

23.6

Explanation:

it become right answer

3 0
3 years ago
Rosalie is a sales consultant for Avon Cosmetics. This illustrates
aliina [53]

a. Rosalie is a sales consultant for Avon Cosmetics. This illustrates personal selling. Hence, option (a) is relevant option.

<h3>Give a brief account on Marketing.</h3>

Marketing is the process of discovering, developing, and delivering value to meet the needs of a target market in terms of products and services. Choosing a target market, selecting specific traits or themes to highlight in advertising, executing marketing campaigns, attending trade shows and open events, creating products and packaging that appeal to consumers, and defining the terms of sale, such as the purchase price, discounts, warranties, and return policies are other possible steps. Usually, the seller, who is usually a manufacturer or merchant, handles the marketing.

The occasional hiring of a specialized marketing firm or advertising agency may be necessary. Less frequently, a trade association or government agency (like the Agricultural Marketing Service) will market an entire sector or location, frequently a single food item (like Got Milk? ), food from a specific area.

b. Inside salespersons generally focus on taking orders and following up, whereas outside salespersons are more consultative. Hence, option (d) is the relevant option.

To know more about, marketing, visit :

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7 0
1 year ago
For the Mixing Department, unit materials cost is $8 and unit conversion cost is $12. If materials are added at the beginning of
laila [671]

Answer: Option (a) is correct.

Explanation:

Materials Costs = Units × Unit Material Cost

                          = 6,000 × $8

                          = $48,000

Conversion costs = Units × Percentage Complete × Unit Conversion Cost

                             = 6,000 × 75% × $12

                             = $54,000

Ending Work-In Process Inventory:

= Materials Costs  + Conversion Costs

= $48,000 + $54,000

=  $102,000

8 0
3 years ago
The manager of a clothing store in the mall has hired five new employees for the summer. All of them have just graduated from hi
Pepsi [2]

Answer:

Theory X

Explanation:

It is correct to say that this manager is using the management approach known as theory X, which is a philosophy that says employees work only for the benefits they receive, and that they avoid job responsibilities, so management must be inflexible and follow the hierarchy of functions, with the manager being responsible for a high degree of supervision of the work and the responsibility of the employee for any error.

Theory X may not be ideal for the current administration, where the focus of organizations are people and the formation of a culture focused on innovation and collaboration.

5 0
3 years ago
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