Answer:
Inferior good.
Explanation:
Inferior goods are those that their demand decreases as the consumer's income increases. They are unlike normal goods that demand increases with increased income.
Inferior goods are usually purchased as a necessity due to low prices. The consumer did not have enough money to purchase what he would have preferred. As income rises the consumer goes for his preference.
In this instance as you graduate college and start earning higher you do not purchase pizzas anymore because to you they are inferior goods.
Answer: a. At the end of Year One, the company's liabilities are understated.
Explanation:
Under the Accrual basis of Accounting, revenue should be recorded for only jobs that have been completed. In other words, only earned revenue should be recorded. Revenue that has not been earned but yet received, is to be termed Deferred revenue and should be treated as a current liability.
In this scenario, there are steps that have not been completed so some of the revenue received should be termed deferred revenue. These should therefore be in current liabilities and because they were not, the liabilities for the end of year 1 will be understated.
Answer:
(D) Building MP3 players for massive distribution.
Explanation:
A project is an activity, a temporary endeavor, undertaken to meet the creation of a unique product, service or an outcome and thus activities that are undertaken to accomplish routine activities cannot be considered projects, such as building MP3 players for massive distribution. Projects can range from simple to complex and can be managed by one person or a hundred.
<span> law of demand.......................</span>
The first step is planning and strategic management. Strategic planning is a hierarchical administration action that is utilized to set needs, center vitality and assets, reinforce operations, guarantee that representatives and different partners are progressing in the direction of shared objectives, set up assertion around expected results/comes about, and survey and alter the association's heading in light of an evolving situation.