Net income = Total revenues — Total expenses
Answer:
A. Identifying and defining the problem
Explanation: Before taking any action in a production environment one must be able to identify and define the problem.
Problem identification and defining is first approach to solving problems as it gives a clear picture of what and how the problem is,when it started and the possible threats it pose to the business entity.
When a manager wants to address a problem, he should first identify the problem,carry out steps that will help him or her to define what the problem is,through this he or she can be able to develop possible solutions.
Answer:
c. whenever banks create financial assets for themselves, they create financial liabilities for individuals, and those financial liabilities are considered money
Explanation:
c. whenever banks create financial assets for themselves, they create financial liabilities for individuals, and those financial liabilities are considered money
Answer:
Both a recessionary gap and cyclical unemployment.
A monopoly firm's use of a tariff provides it with additional protection because the tariff reduces competition from imports by raising the import price.
Option C
<u>Explanation:</u>
A monopoly business is a price-maker, even through the amount, it generate it can control the market rate. When selling less and it can sell far less and can sell more and sell just because the price drops. when making less because it can sell more.
This is due to the fact that the tariff basically transfers the profits out of the international monopolist to the national government.
The monopolist's revenues are limited to an amount provided by the Horizontal stripe when the tax is introduced. Therefore, the tariff increases the total domestic social security as it reduces the profits of the foreign company.
