a. When the forces of supply and demand lead to an inefficient outcome: economists call this a market failure.
<h3>What is meant by market failure?</h3>
This is the term that has to do with the state where the market that is an economy can be said to not be working.
b. The question in this category needs us to be able to fill in the details from the question into the empty boxes. Therefore:
For the efficient box
- a market in which economic surplus is maximized
For the inefficient box:
- a market transaction in which buyers or sellers behave irrationally
- a market transaction in which one party has information not available to other party
- a market dominated by few powerful businesses
- a market in which government regulation creates distortions
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Answer:
c.relinquish
Explanation:
-Reap means to receive a compensation.
-Harvest means to collect or gather something.
-Relinquish means to voluntarily give control of something to someone else.
-Co-opt means to accept someone in a group by decision of the other members.
According to this, Ned intends to relinquish his business because his plan was to give the control of the company to someone else by selling it so it could be taken to the next level.
Answer:
$254,000
Explanation:
First and foremost,the cash of $9,200 collected in respect of debt already written off as uncollectible would not affect the balance in accounts receivable since the debt would reinstated and also taken out of accounts receivable simultaneously.
The change in accounts is the difference between the sales on account of $596,000 and collections in respect of accounts receivable of $342,000
change in accounts receivable=$596,000-$342,000=$254,000
Impression management was practised by darren.
Impression management is the subconscious or conscious effort to influence other people's perceptions, decisions, and opinions.
Impression management (also known as self-presentation) refers to the processes by which people control how others perceive them. People are more motivated to control how others perceive them when they believe that their public images are important in achieving desired goals, the goals for which their impressions are important, and there is a gap between how they want to be perceived and how others perceive them. The actions people take to persuade others to think about a concept in a certain way are referred to as impression management. People use impression management to either reinforce or change their current opinions, depending on their goals.
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