The primary objective of ABM or activity-based management is a method to access a business and figure out it's strengths and weaknesses to strategically fix problems.
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Answer:
Equilibrium quantity increases; Equilibrium price is indeterminate.
Explanation:
If a new article reports that there are many benefits of exercise, this will increase the demand for exercise bikes and shifts the demand curve rightwards.
At the same time, there is a fall in the price of parts of exercise bikes which reduces the cost of production of exercise bikes. Now, the producer will be able to produce more exercise bikes, so the supply of exercise bikes increases and shifts the supply curve rightwards.
Therefore, there is an increase in the equilibrium quantity of exercise bikes and the impact on equilibrium price is indeterminate because that will be dependent upon the magnitude of the shift of demand and supply curve.
Answer:
Real GDP growth increases only in the short run, and the inflation rate increases in both the short run and the long run.
Explanation:
An increase in the growth rate of money supply will result in an increase in inflation in both the short run and the long run.
Long run growth of the real GDP growth depends on the effective use of resources and technology, not the money supply.
A small increase in the money supply is always needed to support economic growth, that is why one of the few ideas that most economists agree upon is that the inflation rate should be between 1.5 - 2% per year.
C. To keep the soil fertile
the ashes somehow replenishes the soil thus providing nutrients for future crops. If they didn't do this, the soil would be depleted. They also rotated crops so that they didn't deplete the soil.
Hopefully this helps.
Answer:
B and C are mis-categorized balance sheet.
Explanation:
A. Accounts Payable: Accounts payable refers to amounts that are due to be paid by a company to vendors or suppliers of goods or services received without making payments yet. This is a liability item and the categorization is correct.
B. Prepaid expenses: These are advanced payments made by a company for commodities yet to receive. This is an asset item and the categorization is not correct.
C. Accounts Receivable: These refers to amounts that are owed to a company by its debtors for goods or services supplied to them for which they are yet to pay for. This is an asset item and the categorization is not correct.
D. Accrued expenses: These refers to expenses that have been incurred by a company but which the company is yet to pay for. This is a liability item and the categorization is correct.
E. Unearned revenue: This refers to advanced payment received by a company in respect of goods it is yet to deliver or services it is yet to render. This is a liability item and the categorization is correct.
F. Long-term debt: This refers to the amount of of outstanding debt of business with a maturity of 12 months or longer. This is a liability item and the categorization is correct.
Conclusion
Only B and C are mis-categorized balance sheet. The reason is that they are both asset items, current assets to be specific, not liability items.
