a separation between ownership and management is most likely to occur in a : Corporation
In a corporation, the owners (or more commonly known as the share holders) tend to higher the executive that they believe is capable to manage the company
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Answer:
This means that there is an increase in cash(cash has been collected). And for the unearned revenue which is a liability, there is an increase in the liability
Explanation:
This means that there is an increase in cash(cash has been collected). And for the unearned revenue which is a liability, there is an increase in the liability.
Note: Debit side increases asset(cash) and expenses while credit side decreases liability,income and equity.
Credit side decreases asset(cash) and expenses while debit side increases liability,income and equity.
Answer:
The purpose of having a minimum wage is to guarantee that workers are paid fairly and not exploited.
Answer:b
Answer:
fails to achieve the minimum average total costs attainable at each level of output.
Explanation:
X Inefficiency do take place in a firm when there is little or no incentive in controlling costs. As a result of this average cost of production will go up than necessary. And as a result of lack of incentives, technically, the firm will be far from efficient. It should be noted that X-inefficiency could be described as a situation in which a firm fails to achieve the minimum average total costs attainable at each level of output.
