<span>Payment for the use of a copyrighted work is called a tax
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In a case whereby firm’s expenses equal or exceed its revenue, the actions that might be taken by management is To check their production process and check the cost of their input.
<h3>What are expenses?</h3>
This are the cost of inputs that the company put into production of their goods and services.
When expense is higher than revenue then the organization is running at loss, but when the revenue equal to the expenses, there is no Gain.
Therefore, the actions that might be taken by management is to check their production process .
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Answer:
A
Explanation:
if its wrong than forsure d
Answer:
The correct answer is letter "B": inefficiencies result when incentives to produce are reduced.
Explanation:
Equity-efficiency tradeoff takes place when attempting to optimize the production efficiency, distribution of wealth is diminished. The concept is always linked to moral philosophy because it implies taking about how people organize themselves in the way to produce and share their goods in a fairly. According to this point of view, when there is not enough motivation to produce inefficiencies arise.
Answer:
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