Answer:
D.) I. and II
I. Workers are paid very low wages in both systems.
II. Both are prevalent in underdeveloped nations.
Explanation:
maquiladora can be regarded as mode of manufacturing that is associated to countries such as Mexico, which is been at up by a foreign company, and it involves export of the manufactured goods out of that country to the origin country of the company. There are some benefits for the factory such as
duty-free as well as tariff-free imports of raw materials. sweatshop can be regarded as sweat factory, it is a crowded workplace that has socially unacceptable as well as
very poor and illegal working conditions. Employees in sweatshops usually have work long hours and petty pay.
It should be noted that maquiladoras similar to sweatshops in ways such was ;
✓Workers are paid very low wages in both systems.
✓Both are prevalent in underdeveloped nations.
Answer:
The correct answer is letter "A": open facts are preferred to closed facts.
Explanation:
While planning a project, open facts are those that have not happened yet in contrast to closed facts that are those that already occurred. Managers prefer to start from the bottom while planning since it is better to explore the new path with a "clean sheet" than being subject to events that already took place and condition the course of a project.
<em>Open facts, then, are more preferred than closed facts.</em>
Specialisation is when individuals focus on perfecting a limited range of tasks so as to become experts in that particular field
Answer: The price of peanuts realitve to that of raisins must be 2.
Explanation: Mathematically, relative prices are defined as:
Relative price of Good A with respect to Good B = Price of A / Price of B
So: Relative price of peanuts respect to raisins = Price of peanuts / Price of raisins
...
<u>Relative price of peanuts respect to raisins = 4 / 2 = 2.</u>
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Answer:
The effect of this error on 2003 ending working capital is that it overstated the ending 2003 working capital.
The error does not have effect on the 2004 ending retained earnings balance.
Explanation:
Let the amount of the commission expense be xxxx.
At the end of 2003, the journal entries should have been as follows:
Debit Commission expense for xxxx
Credie Commission payable for xxxx
Also, we have:
Working capital = Current assets – Current liabilities ………… (1)
From equation (1), current liabilities are understated because commission payable which was not recorded is an item under current liabilities. Since the current liabilities are understated, that indicates that the working capital in equation is overstated. Therefore, the effect of this error on 2003 ending working capital is that it overstated the ending 2003 working capital.
When the 2003 commission expense in the entries above was paid in 2004, it would have been recognized as an expense. This made the error to counterbalance. This implies that the 2004 ending retained earnings balance is still correct despite that there are errors in the earnings of the two years. Therefore, the error does not have effect on the 2004 ending retained earnings balance.
