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3 years ago

Free enterprise and laissez-faire economies gave the most benefits to

Business

1 answer:

Sedaia [141]3 years ago

8 0

Free enterprise and laissez- faire economies gave the most benefits to employers.

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An individual's income rises from $77 comma 000 per year to $82 comma 000 per year, and as a consequence the person's purch

Sonja [21]

Answer:

16.67

normal

Explanation:

Income Elasticity of Demand = $\frac{Percent Change In Quantity Demanded}{ Percent Change In Income}$

% change in movie downloads = (4 - 2) / 2

% change in movie downloads = 2 / 2

% change in movie downloads = 1

% Change in quantity demanded = 100%

% change in income = ($82,000 - $77,000) / $77,000

% change in income = $5,000 / $77,000

% change in income = 0.06

% change in income = 6%

Income Elasticity of Demand = 100% / 6%

Income Elasticity of Demand = 16.67

When the Income Elasticity of Demand is positive, it is usually Normal Goods. As Income goes up, similarly the movie downloads or quantity demanded going up. So, this is a normal good.

4 0

3 years ago

ACME Corp. is striving to foster a set of ethical values, beliefs, goals, norms, and rituals that members of an organization sha

Rom4ik [11]

Answer:

This is known as social responsibility.

Explanation:

Social responsibility is an ethical theory, in which individuals are accountable for fulfilling their civic duty; the actions of an individual must benefit the whole of society. In this way, there must be a balance between economic growth and the welfare of society and the environment.

6 0

4 years ago

I need help on Personal Finance.

nikklg [1K]

Current market conditions

3 0

4 years ago

if a trial balance totals do not agree, the difference must be entered in a. nominal account b. the profit and loss account C. t

Lena [83]

Answer:

d. the suspense account

Explanation:

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP).

Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.

In Financial accounting, if a trial balance totals do not agree, the difference must be entered in the suspense account

8 0

3 years ago

Although it is extremely difficult to make accurate forecasts of the revenues that a project will generate, projects' initial ou

qaws [65]

Answer: False

Explanation:

Forecasting Costs and Initial outlays are generally just as hard to predict as Revenue Forecasts. The future is hard to predict and does not differentiate between Costs and Revenues and in the case of Larger Projects, it is EVEN HARDER to forecast costs as their costs could widely deviate from initial estimates once they begin.

Take for example large scale government projects with the Berlin Brandenburg airport being a shinning example. It was supposed to open in 2012 but has still not opened till today and is billions of Euros off the initial cost projection.

8 0

3 years ago