Answer:
company B
company B
Explanation:
A company has comparative advantage in production if it produces at a lower opportunity cost when compared to other companies.
Opportunity cost of producing cell phones
company A = 100 / 50 = 2
company B = 200 / 150 = 1.3
The opportunity cost of company B is lower than that of company A. Company B has a comparative advantage in the production of cell phones
A company has absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other countries
Company B produces 200 computers while company A produces 100 computer. Company B has an absolute advantage in the production of computers
Answer:
Conceptual framework
The modern world is an OLRT (On-Line Real Time) world. The days of prolonged waiting for a report on the performance and financial position of a business are past. Time is money and time is limited. Information should be available as events occur because one event can mean the difference between success and failure.
The problem poses three questions and expects answers. The answers to all three questions are in the affirmative:
Financial information would be more useful, more relevant and more reliable in an OLRT electronic, paperless world
Answer:
Creating a Good Résumé
Dos
1. using underlined text to denote section headings
3. listing work experience chronologically
6. listing technical competencies
Don’ts
2. including marital status
4. using different bullet styles
5. making the résumé lengthy
Explanation:
A good resume is a document that gives a brief summary of a job applicant's personal and professional experiences, skills, and education history. It is used in addition to a cover letter to show off your best self to potential employers. Important sections of a good resume include contact information, summary or objective, work experience, and education history.
Answer:
The correct answer is letter "C": music downloads and CDs are substitutes, and music downloads and MP3 players are complements.
Explanation:
Substitute goods or services are competitors. The use of one of them represents the replacement of the other. On the other hand, complementary goods are those that work better together. Typically, the demand in one of them is directly proportional to the demand of the other. It means, if more of product "A" is bought, more of product "B" will be purchased and vice versa.
Thus, <em>for Phil CDs and music downloads are substitutes while music downloads and MP3 players are complements.</em>
Answer:
$2,190
Explanation:
In reporting gross income cash bonuses are included included in income. This is because such bonuses are regarded as income, companies sign contracts with customers promising to pay a certain amount as bonus for meeting a certain performance target.
Awards are not considered part of gross income up to $400. Awards can be for length of service, an achievement and son on.
So the amount included in gross income is $2,190. The gold watch worth $363 is not included as it does not reach the limit of $400.
