Answer:
If a price is too high to clear the market, that means the quantity of supplies have exceeded the amount that is demanded.
Explanation:
Have a great summer :)
Answer:
b. enduring beliefs and ideals that are socially enforced.
Explanation:
Values are general beliefs and ideas shared by some culture or community, which is also acceptable and enforceable by the society.
The common belief of a common individual to take the decision of good or bad by his own, with some values related to ethics is all in context of values.
It impacts individuals in very significant manner as is clearly visible in an individual what kind of values does he carry.
Therefore, correct answer is:
b. enduring beliefs and ideals that are socially enforced.
These arise out of the <u>legal</u> environment of business.
<u>Explanation</u>:
A manager is a person who is responsible for controlling and managing the operation of the organization. The manager organizes, plans and directs the staffs in his organization. He is responsible for effective running of the organization.
The manager faces many challenges in the company to maintain its successful running.
The manager is considered to be good if he coordinates his employees towards the success of the organization. The manager should effectively monitor the behavior of the employees.
Answer: D. Product costs are expensed in the period the related product is sold
Explanation:
The statement that is true with regards to product cost is that product costs are expensed in the period the related product is sold.
It should be noted that the account for the cost of goods sold consist of product cost. In a situation whereby goods are not sold, the goods will be carried to the next period.
