Answer: e. Decreases asset and expense accounts, and increases liability, common stock, and revenue accounts.
Explanation:
Let's evaluate each of the options as follows:
a. Is always a decrease in an account - This is false because a credit entry increases liability, common stock and revenue accounts.
b. Is recorded on the left side of a T-account - Although in modern day accounting, the use of T-account has been relegated to the background. However, if entries are to be recorded using the T-account, all debits are posted to the left side while all credits are recorded on the right side of the account.
c. Increases asset and expense accounts, and decreases liability, common stock, and revenue accounts - It does not increase asset and expense accounts, rather it reduces them. The opposite applies to liability, common stock, and revenue accounts.
d. Is always an increase in an account - This is false.
Therefore, option e is correct because a credit entry reduces asset and expense accounts, and increases liability, common stock and revenue accounts.
In a free market system, decisions about what and how much is produced are made by the producer.
<h3 /><h3>What is a Market?</h3>
A market is a place where buyer and seller. They exchange goods and services, for a barter or for an agreed price.
Free market system is a type of market which is ideal for the seller, as there is less intervention by the government, also the property is private, the seller have the choice to make decisions. There is competition also which makes it an ideal market for the buyer too.
The autonomy is with the seller about setting the prices and other business matters which enables good interest and motivation for the seller/ the owner of the business/ the participant in the free market.
In a free market it is the choice of the producer to take decision about what and how much of the produced is to be made.
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It can help guide the user to the most important information. That is the correct answer
The answer to the question is the National Franchise Mediation Program.
This program refers to a method of solving dispute between the franchisor (the company who owns the franchise) and the franchisees (the people who partners with the company) without involving lawyers.
By doing this, the program aims to resolve the problems that arise without each side having to pay expensive litigation fees needed to come to a mutually beneficial decision.
This program can be used in various countries, and it has been endorsed, in the United States, by the American Associations of Franchisees & Dealers.