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bearhunter [10]
3 years ago
15

The underground economy refers to used product sellers who sell in secondary markets. It is thought to make up ________ of the U

S gross national product.
Business
1 answer:
hammer [34]3 years ago
7 0

The underground economy refers to used product sellers who sell in secondary markets. It is thought to make up 3-30% of the US gross national product.

Explanation:

Household production refers to goods and services people produce for themselves.

Underground economy refers to buying and selling of goods and services that are concealed from the government to avoid taxes or regulations or because the goods and services are illegal.

If you know how much the economy works for a brief time, it doesn't matter.

If one knows how goods and services are produced for a decade or further, it might be more important to omit domestic production and development in the underground economy.

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An internal control system consists of all policies and procedures used to protect assets, ensure reliable accounting, promote e
GenaCL600 [577]

Answer:

Explanation:

1. True

Separation of record keeping for assets from custody over assets in custody over assets reduces theft and fraud . except in a case of collusion.

Fraud and theft of assets can be easily perpetrated and covered up when an individual combines the role.

2. False

Internal control focuses more on the internal operation of an organization rather than the external. Even though it can still be of impact in checking the excesses of external parties like the government agencies , but that is not its primary objective

3.True

Internal control's main objectives can be best accomplished when there is an operational system with managerial policies that protect waste , fraud and theft , being the major factors targeted to control

4.False

Separating the responsibility for a transaction between two or more individuals or departments is a major way of preventing creation of fictitious invoices and payment as it could have easily be detected if different individuals are involved in approval and payment of invoices.

7 0
3 years ago
Jory wants to create a diagram to compare and contrast the qualifications of the three Energy pathways. Which qualifications cou
Sedbober [7]

Answer:

answer is the first one

Explanation:

I think

6 0
2 years ago
A statistician prepared a bar chart showing, in descending order, the frequency of six underlying causes of general aviation acc
Zigmanuir [339]

The answer is: Pareto chart

Pareto chart is the combination of line and bar graphs. This type of chart is usually used to present data with frequency of nonoccurence and unite measurement at the same time.(frequency of accidents and number of factors that cause the accidents. )

Other than that, Pareto chart is also commonly used in quality control or searching the highest cause of defects.

5 0
3 years ago
Read 2 more answers
If country A exports $10 billion worth of goods to country B and imports $8 billion worth of goods from country B, then country
mr_godi [17]

Answer:

b. $2 billion trade surplus with country B.

Explanation:

When a country exports more than it imports, it is said that the country has a trade surplus. On the other hand, when a country imports more than it exports, it is said that the country has a trade deficit.

In this case, exports to country B are worth $10 billion which are larger than the $8 billion of imports from country B. Country A's trade surplus is given by:

S = \$10-\$8\\S=\$2\ billion

Therefore, the answer is alternative b.

6 0
3 years ago
Banks pay interest to encourage people to open each of the following types of accounts EXCEPT:A. credit cardB. regular savingsC.
Rama09 [41]

Answer:

A. credit card

Explanation:

A  credit card is a card issued by a bank to its customer which allows the credit card holder to borrow money from the bank.

A maximum amount that can be borrowed through the credit card is known as the credit limit of the card.

The bank provided certain interest free period to the credit card holder to return the amount borrowed and charges an interest on the amount due.

3 0
3 years ago
Read 2 more answers
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