Answer: B. People who have been in an industry are most likely to be asked to be regulators of the industry.
Explanation:
The Capture Theory or Regulatory Capture refers to a situation where the agencies that are supposed to be regulating an industry come under the influence of the companies they are meant to be regulating.
This leads to a situation where the Agencies make regulations that favour these companies instead of the consumer.
One key way this occurs is the REVOLVING DOOR. This is known as the tendency of professionals to move between Government and Private jobs. Simply put, a professional could work in an industry and then go on to work in an Agency regulating that industry. Once this happens, the once private citizens could start influencing the Agencies in favour of their previous bosses.
The more supply the lower the price
The higher the demand the lower the supply
The higher price the lower the demand
Answer:
If financial statements are prepared on January 31, the journal entry to record the adjustment would be debit rent expense and credit prepaid rent for $1,250
Explanation:
According to the given data the rent has been expired for one month so only one month's rent expense will be recorded. Therefore to calculate one month's rent expense we have to make the following calculation:
one month's rent=Total rent/period for which rent is paid*1
one month's rent=$15,000/12*1
one month's rent=$1,250
Therefore, If financial statements are prepared on January 31, the journal entry to record the adjustment would be debit rent expense and credit prepaid rent for $1,250
Answer: D
Explanation: High turnover rates suggest that Golden Creamery has problems hiring the most appropriate employees, which supports the implementation of a testing program. If hourly workers remained at the firm for a long time, then that would suggest the firm's current hiring practices do not need to be modified.
Answer:
As income increases, the percentage of tax paid increases.
Explanation:
Which of these best describes the tax rates shown in the graph?
As income increases, the percentage of tax paid decreases.
As income increases, the percentage of tax paid increases.
For all income levels, the percentage of tax paid is about 20 percent.
For all income levels, the percentage of tax paid is less than 20 percent.
