This is an example of using fiscal policy to stimulate the economy
Explanation:
Use of fiscal policy or in this case fiscal deficit even, is a strategy some economies use so that the flow of the money remains the same even when the economy nears slow down.
The concept is that the country will be able to retrieve all the money back once the slowdown is over but if it gets worse then there is a little chance of getting more money .
So in long term the deficit actually is profitable.
<span>Making the most of resources best describes the goal of economic efficiency.</span>
The adjusting entry would recognise insurance expense of $1,500.
Explanation:
The policy of an insurance company, tax insurance, insurance for business failure, etc. typically lasts a year, with payments charged in full (insurance premiums). Insurance policy is never the same as the financial year of the product. There are also expected to be several consolidated financial statements and some partial financial statements for compensation premiums.
Example of insurance premium payment:
On 31 December, the insurer files an correction report in order to document the expired (extended) cost of insurance and to the the pre-paid number. This is done with an premium fee of $1,000 and a prepayment policy bonus of $1,000.
Answer:
if cooperative relationships will get better results than competition.
Explanation:
Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers.
Generally, supply chain management involves all the activities associated with planning, execution and supply of finished goods and services to the consumers. The fundamental principle of supply chain management is the complete collaboration between multiple firms. These multiple firms include a company that is saddled with the responsibility of manufacturing (producer), a supplier, a wholesaler and a retailer who typically sells the products to the customers or consumers (buyers).
Basically, these three (3) firms or individuals are required to collaborate with each other so as to meet the needs of the customers in a timely manner or fashion and at a fair price too.
A buyer-supplier partnership can be defined as any commercial transaction that arises between business firms for the purchase and supply of finished goods and services at a specific period of time.
One of the main concerns about buyer-supplier partnerships is, if cooperative relationships will get better results than competition.
This ultimately implies that, a buyer-supplier partnership is focused on exploring the option of cooperative relationship between multiple businesses so as to facilitate or improve the availability of finished goods and services for the end users (buyers). This relationship is opposed to having businesses compete against each other in the market.