Answer:
Profit and loss are directly linked to the amount of money the company is spending to run its business -- its operating expenses. So changes in operating expenses naturally affect owner's equity.
Yes it is a conflict of interest to leave the state and accept a position with a construction company that you formerly handled as a government relations manager.
<h3>What is a Conflict of Interest?</h3>
A conflict of interest occurs when an person's interests – family, friendships, financial, or social elements – could compromise his or her judgment, or actions in the workplace. Government agencies take disputes of interest so seriously that they are handled.
While it is not always feasible to eradicate conflicts of interest, the frequency and gravity of such situations may be lessened through comfort.
To learn more about Conflict of Interest visit the link
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Answer:
B. oversee every aspect of the business, including such things as ordering merchandise and arranging for janitorial services
Explanation:
Answer:
(a) Assumption
(b) Cause and Effect
(c) Cause and effect
(d) Assumption
Explanation:
(a) People behave rationally: Assumption
Rational behavior refers to a decision-making process that is based on making assumptions that result in an optimal level of benefit or utility.
(b) Cause and Effect
If a price of goods falls that is a cause and the effect is that people will consume more of the good.
(c) Cause and effect
As the population grows faster than food supply (cause), mass starvation is predicted to occur which is the resultant effect.
(d) Assumption
The maximization of profit is based on the assumption of theory of production and costs.
