<span>This is the concept of framing. When a person looks at a similar concept in two different ways, there can be one way in which the concept looks preferable and another in which the person will not have a favorable response. The background of the reference can make all the difference.</span>
Answer: risk avoidance
Explanation:
Risk avoidance is simply defined as the process by which safeguards are applied in order to avoid a negative impact. It should be noted that a risk avoidance strategy helps to eliminate all risk and organizations apply safeguards to both potential threats and vulnerabilities.
Risk avoidance helps to remove hazards, and the activities that'll have a negative impact on the business.
Answer:
Case explained below
Explanation:
Development economics is a branch of economics which deals with economic aspects of the development process in low income countries. Its focus is not only on methods of promoting economic development, economic growth and structural change but also on improving the potential for the mass of the population, either through health, education and workplace conditions, whether through public or private channels.
Development economics must encompass the study of institutional, political, and social as well as economic mechanisms for modernizing an economy while eliminating absolute poverty and transforming states of mind as well as physical condition.
Answer:
E. $1,500; $6,000
Explanation:
In accrual basis, expenses are recognized once it is incurred. In cash basis, expenses are only recorded when cash is paid. As such,
when company uses supplies purchased in the previous period, $1,500, no expense is recorded.
when the company pays cash for inventory, $6,000, an expense for $6,000 is recorded.
Therefore the amount of accrual-basis expense is $1,500 while the amount of cash-basis expense is $6,000.
