Answer:
Explanation:
The difference is mainly that the asset is a generator of periodic cash flows, that is, if Christine is evaluating the present value of the flows generated by the asset, she does so due to a financial evaluation while Ron does it from a point of accounting view and this is called fair value according to the IFRS.
Fact!
Its a fact because it says "it is"
An assumption is a guess
A belief is what you believe
Reliability Example: IQ Test If the same person took the same IQ test multiple times, he or she would receive a different score each time but all the scores would be somewhere near or around the score of 130 (assuming 130 is his or her true intelligence).
Answer:
The stated mission of UNESCO is “to contribute to the building of peace, the eradication of poverty, sustainable development and intercultural dialogue through education, the sciences, culture, communication and information.” Beginning in 1961, UNESCO began collecting local music, mostly through field recordings
Answer: B. an output of the product that is less than the amount consistent with ideal economic efficiency
Explanation: Economic efficiency is the state in which all available resources are optimally allocated to serve each individual or entity in the best way while reducing to the minimum, waste and inefficiency. In reality, economic efficiency has shown that nothing can be improved without something else being hurt.
When competitive forces are weak, it leads to decrease in output as economic efficiency is only maximized when price is equal to marginal revenue because at this point both profit and efficiency are maximized.
