Answer:
It is FALSE that If the tax is imposed upstream versus downstream, economic theory predicts that this will lead to the same allocation of abatement activity, but it will change who bears the burden (incidence).
Explanation:
When tax is imposed upstream versus downstream the person that bears the burden will not change because at both incidence it is the consumer(Downstream) that will cover the tax still.
Upstream refers to points in production that originate early on in the processes. Often applied to the oil and gas industry, upstream activities include exploration, drilling, and extraction.
The downstream sector is the refining of petroleum crude oil and the processing and purifying of raw natural gas, as well as the marketing and distribution of products derived from crude oil and natural gas.
Answer:
The correct answer is letter "A": The unit of product.
Explanation:
A plantwide overhead rate is a single overhead rate given typically in smaller firms to allocate manufacturing overhead costs to products or cost objects. The rate is implemented when services provided by the different units of the company are undifferentiated. Then, <em>the cost object used in the plantwide overhead rate is the unit of product.</em>
Answer:
C. Entrepreneurs operate businesses that produce goods and services
Explanation:
An entrepreneur is one of the factors of production. An entrepreneur is a person who starts a business, manages and regulates a business.
Answer:
Avoids coordination expenses and delays.
Explanation:
Outsourcing can be defined as a type of business practice in which an organization assigns some of its activities to a third party. It can also be described as the practice in which a company hires another company to carry out various operations and tasks.
The importance of outsourcing include:
- It gives the organization access to more skilled individuals.
- it lowers the cost of production.
- it provides more flexibility to the employees.
- it enables the company to concentrate on more vital operations.
