Businesses/producers make the goods and services that exist in the economy. Producers create goods or services that are available for consumers to purchase so that they are making a profit. Consumers need to be interested in the goods or services available so that the companies stay in business and help drive the economy.
Answer:
Yes, it is permissible to violate generally accepted accounting principles when preparing reports used by company management.
Explanation:
GAAP stands for 'Generally Accepted Accounting Principles'. It is a group of standards which are agreed by policy boards and are the ways that are commonly accepted to record and report accounting information.
It majorly aims to improve the clarity and consistency of financial information.
When there is any other method which is more beneficial for the user for presentation of information, then it is permitted that GAAP can be violated for preparing reports used by company.
Answer:
We will be able to purchase fewer goods and services.
Explanation:
Appreciation of a currency in terms of another currency implies an increase in the worth of a currency in terms of another currency.
An appreciation in the value of peso in terms of dollars means that the worth of peso has increased in terms of dollar.
In other words, the worth of dollar in terms of peso has decreased. The value of $1,000 will decline.
So, a tourist in Mexico with $1,000 will be able to buy fewer goods an services.
Answer:
recurrent decision
Explanation:
In such a scenario, it was most likely built for a recurrent decision. This is because a DSS stands for a decision support system and is an information system that supports organizational decision making as well as many business activities in order to allow a company to improve the overall quality, reliability, and efficiency of their work through recurrent decisions.
