Answer:
a. The value of inventory declines below cost.
Explanation:
- The inventory values are the total cost of the value calculated at the ends of the inventory accounting period and the market value is compared by the lowering of the inventory costs.
- For each type of the item the net realized values cause a loss in the values of the inventory which needs to be recognized.
The answer is true. The efficiency of production is improved by technology, but not the efficiency of allocation. R&D Can Improve Productivity and Differentiate Products Businesses achieve a competitive innovation by outperforming their rivals in a way that is difficult for them to imitate.
It is simpler to outperform rivals if R&D activities result in an enhanced type of business process—reducing marginal costs or raising marginal productivity. Innovation that increases productivity depends on research and development (R&D). This article explores how co-investments and other business operating conditions help R&D in increasing productivity, going beyond a basic relationship between R&D and firm productivity performance.
To learn more about innovation, click here.
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Answer:
D. Protection of domestic industries
Explanation:
Free trade is practiced when there are no restrictions on import and export of goods and services. The major objective of free trade is to facilitate growth of trade in a country.
All the available options are benefits of free trade except protection of domestic industries. There will be a tough competition for domestic industries where free trade is practiced because of the free flow of goods and services from foreign countries which can lead to excess supply in the market and thereby erodes the profitability of the domestic industries.Imported goods can also be cheaper compared to locally manufactured goods and this will make local goods unattractive to consumers, leaving domestic industries exposed to low demand.
So one of the benefits of free trade is not protection of domestic industries.
Answer:
A. the illusion of invulnerability
Explanation:
This group will most likely develop overconfidence in any future task assigned to them. This is based on the fact that they have a repetitive history of successfully completing its project in time. By being overly optimistic , analytical thinking can be eliminated and these symptoms of groupthink are referred to as the illusion of invulnerability. The group therefore can end up taking too much risk as the members feel that no obstacle can hinder them from being successful in their projects.
