Answer:
CPI and WPI
Explanation: Consumer Price Index measures the percentage change in the price of a basket of goods and services consumed by households. Wholesale Price Index is the price of representative of basket of wholesale goods.
B. Sole proprietorships are not very highly regulated, so they are easy to get started. Most forms of business are easy to expand if they succeed! Getting financing really depends on how likely the lenders think the business is to succeed, irrespective of format. The owner is directly liable for the debts of a sole proprietorship, but even if you incorporate, the bank is likely to want a personal guarantee of the owner for any debt of a new corporation, so it's pretty much the same deal. Taxes could be higher or lower, depending on how the business does and what other sources of income the proprietor has (like their day job!)
Answer:
1. D
2. A
3. C
4. B
Explanation:
Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services.
In sales and marketing, pricing of products is considered to be an essential element of a business firm's marketing mix because place, promotion and product largely depends on it.
In Accounting, costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.
The various types of cost variance components and their definition includes the following;
1. Standard price: the expected price
2. Actual quantity: the input used to manufacture the quantity of output
3. Actual price: the amount paid to acquire input
4. Standard quantity: the expected input for the quantity of output
Answer:
d.teenagers is much higher than that of adults.
Explanation:
Unemployment refers to individuals that are employable and seeking to work but have not been able to get jobs.
In the economy it is found that the unemployment rate of teenagers is much higher than that of adults. Youths are 3 times more likely to be unemployed compared to adults. The global your unemployment rate is 13% compared to that of adults which is 4.3%.
This high rate of unemployment iamong youths can be attributed to the following factors: inadequate qualifications, lack of graduate jobs, cyclical unemployment, geographic unemployment, and in case of underground economy.
