Answer:
Raises ;
C. A drought in Kansas is not significant enough to affect the worldwide price of grain.
Explanation:
Drought is a situation where there is shortage of water due to prolong absence of rainfall.
This is because, when Kansas has a drought, purchasers or buyers can substitute wheat from other places for Kansas wheat.
But, when the whole world has a drought, purchasers or buyers have no other suppliers of wheat to substitute. This means that, no area will have wheat so that the buyers can buy, because every area will be affected by the drought.
In this case,the demand for wheat is inelastic in the short run.
Answer:
a. PPI or Producer Price Index because it measures the input used for production.
b. CPI or Consumer Price Index because it measures the cost of common household purchases.
Explanation:
Inflation is general rise in the price level. There are various measures of inflation such as CPI, RPI, CPIX, CPI-CT and core inflation. This inflation measure selection is based on the scenarios by which criteria is made for selection. The businessmen will measure inflation with a different method as compared to a common man.
a. A factory owner will measure the inflation based on PPI. Producer price index measures the change in price of goods sold by manufacturer.
b. A teacher union will measure the inflation as CPI. Consumer price index is the best measure of inflation for a consumer.
Answer:
1.c. it helps to estimate the amount to be borrowed or loans to be repaid during a period
2. d. purchases
3. d. solvency level
4.b. footnotes
Answer:
b. the asset must have an expected life of a normal operating cycle.
Explanation:
A current asset can be defined as all of the assets that are being owned by a company or business entity and are expected to be converted into their cash equivalent through sales or use within a period of one year of its date on the organization's balance sheet.
Hence, to be included in property, plant, and equipment, an asset must have all of the following;
I. The asset is expected or required to be held for use
II. It must be tangible in nature.
III. It is required to have an expected life of that is typically above a year.
Answer: Statement B and D
Explanation:
Option A : cellphone communication companies and the respective authorities of the countries in which they operate have their own legal restrictions and policies regarding cellphone communication.
Option C : Mobile tapping and on call recording crimes are common these days so cellphones cannot be considered completely confidential and not prone to misuse .
