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kaheart [24]
3 years ago
15

Which statement about wants and needs is TRUE?

Business
1 answer:
valentina_108 [34]3 years ago
8 0

Answer:

The correct answer is letter "D": Wants and needs are what can lead to vastly different budgets among different people.

Explanation:

Needs represent what individuals cannot survive without. Wants are desires individuals have but are not necessary for their existence. People project their budgets based on their income and the needs and wants they would like to satisfy. <em>Thus, different people will have different budgets</em>. Most of the income is dedicated to needs usually but one single want can take a considerable percentage of an individual's income -buying a new high-end cell phone, for instance.

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In order to be considered as an e-commerce Web site, the site must sell some tangible good. A) True B) False
Sati [7]

Answer:false

Explanation:e-commerce web sites are for both tangible goods and services through the internet and money is transfered during transactions

8 0
3 years ago
Suppose a firm that produces for this market is able to dump toxic chemicals into a river next to its factory, which poisons wil
DerKrebs [107]

Answer: an externality, market failure

Explanation:

Externality, simply refers to the gains and the costs that a third party gets due to the productivity or consumption activities of an individual or firm. In the above question, a negative externality occurs as the production of the firm has a negative effect on wildlife and the people living in the area.

In this case, the externality results in market failure which is due to the inefficiency with regards to the distribution of the goods in the free market.

7 0
3 years ago
Yummy Foods purchased a one-year hazard insurance policy on August 1 and recorded the $4,200 premium to prepaid insurance. At it
andriy [413]

Answer:

b

Explanation:

cause it is

4 0
3 years ago
In the government sector, there is a. nothing comparable to profit and loss that will weed out inefficient activities. b. nothin
Marta_Voda [28]

Answer:

Option D is correct.

All of the above.

Explanation:

In the government sector, there is:

a. nothing comparable to profit and loss that will weed out inefficient activities.

b. nothing comparable to bankruptcy that will bring inefficient programs to a halt.

c. a strong incentive for managers of government agencies and enterprises to expand the size of their government funding.

8 0
3 years ago
The accounting records of Eastlake Industries provided the data below.
meriva

Answer:

Please see the solution below:

Explanation:

CASH FLOWS FROM OPERATING ACTIVITIES  $

Net Income     308,000

<em>Adjustments to reconcile net income to      </em>

<em>net cash provided by operating activities:      </em>

Depreciation on Fixed Assets    19,000

Amortization of bond premium    3,800  

<em>(Increase) Decrease in Current Assets:</em>      

Inventory      (2,400)

Accounts Receivables    (1,480)

<em>Increase (Decrease) in Current Liabilities:</em>    

Interest Payable     (1,680)

Accounts Payable     7,800

NET CASH PROVIDED BY OPERATING ACTIVITIES 333,040

3 0
3 years ago
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