Answer:
C. The economy experiences economic growth.
Explanation:
When the economy is already working on the production possibility frontier the economic agents are already employed and working on full optimization.
In case of economic growth the production possibility frontier shifts upward and results in producing more jam and bread.
Answer:
B. referent power is the correct answer.
Explanation:
- Referent power is the capability of a leader who has the power to influence and motivate followers.
- Referent power is power gained by those individuals who have influential and effective interpersonal relationships abilities.
- The advantage of referent power is that the referent leader has the ability to motivate and inspire the workers to be dedicated to their works.
Answer:
c. inventory
Explanation:
As per the business perspective, the inventory taxes should be analogous for the personal property taxes that paid by the individuals as the inventory taxes is involved in the business property tax i.e. tangible as well as personal
Therefore as per the given options, the option c is correct
And, the other options are incorrect
Answer:
a. True
Explanation:
The computation of the average accounts receivable balance is shown below:
= Daily credit sales × day terms
= $2,000 × 60 days terms
= $120,000
We simply multiplied the average amount with the day term so that the average account receivable balance could come
Hence, the given statement is true
Therefore the correct option is a.
Explanation:
Over the past several decades, advances in technology, greatly reduced the cost of making computers which resulted in the decline of the equilibrium price of computers and also resulted in increased equilibrium quantity. The reduction in the computer prices also caused an increase in the consumer surplus.
computer price down -> equilibrium price down
computer price down -> equilibrium quantity up
computer price down -> consumer surplus up
The producer surplus increases due to increase in quantity and at the same time producer surplus decreases due to decrease in price.
computer price down -> producer surplus down
computer quantity up -> producer surplus up
