Answer:
<u>equity and efficiency</u>
Explanation:
Under the tax system there is no tax on losses. And also the losses can be carried forward and set off to profits in future.
When profits are earned the taxes are paid. After that the remaining profit is either distributed to equity or retained for future purposes.
The more efficiently the company works, higher will be the profit and higher will be the taxes.
As profit is for equity, and from that share the amount is given to tax authorities, which is some part of income, share of equity to tax.
Though it does not provide for right in company, but it is legal to pay the tax.
That is the price you pay for increasing or decreasing efficiency, in the form of income available for equity.
Answer:
Place
Explanation:
The marketing mix is defined as a set of the marketing tools which the organizations use them to obtain their marketing objectives in their target markets.
In other words, it is the foundation model for the businesses. It defines the key management decisions that are needed to achieve success in the marketing world.
The four P's in marketing are :
price
, product
, place and promotion.
A product's target market is a part of 'place' of the 4 P's of the marketing strategy.
Answer:
The short run refers to a period of less than one year.
Explanation:
The statements is false that the short run refers to a period of less than one year.
The short run, long run and very long run are different time periods in economics.
<u>Short run – where one factor of production (e.g. capital) is fixed</u>.
long run – Where all factors of production are variable,
Unlike in accounting where operating period refer to a period of one year, <u> there is no hard and fast definition as to what is classified as "long" or "short" and mostly relies on the economic perspective being taken.</u>
Answer:
C: responsibility assignment matrix
Explanation:
Responsibility assignment matrix is also called Linear responsibility chat, or RACI, this acronym stands for Responsible, Accountable, Consulted and Informed. This explains the role of various participants in completing a task or delivering on a particular project.
Responsibility assignment matrix helps to assign definite roles to every individual or department involved in a project.
Answer:
For accrual basis:
(1) record revenues when earned
For cash basis:
(3) record revenue when cash is received
Explanation:
As per accounting systems:
Accrual basis follows the periodic system in which revenues and expenses are recorded as and when they are incurred, as for revenue when it is earned, and for the period to which it relates is recorded at that time,
As in this it does not matter that cash is received in advance or after some period, the transfer of risk and reward matters.
In the case of cash basis all expenses and revenues are recorded as and when there is any cash inflow or outflow related to the same.
