The answer from the given options is "utility".
"Utility" is a financial term which is used in economics and was acquainted by Daniel Bernoulli alluding with the aggregate fulfillment got from expending a good or services. The economic utility of a goods is imperative to comprehend in light of the fact that it will specifically impact the request, and therefore cost, of that goods.
Answer:
1. Sales are shown for 3 years net of returns and allowances.
Explanation:
Sales reporting must be actual sales for which the firm received value and must be net of all discounts and allowances including sales returns. In reporting sales, comparative figures is also reported for easy comparison and performance measurement by the entity and other interested stakeholders. Investors use the comparative figures to analyse business performance and choose the best among several alternatives
Answer: B.) productivity at the work site has increased.
Explanation: The considerable increase in output at the work site while still maintaining the same number of workers and hours worked over the last six months shows that the productivity at the work site has increased. Productivity which is usually compares unit output to the rate of inout per unit. The effectiveness of the input or production effort is used to measure the degree of productivity. Therefore, when the output derived by maintiaing the same unit of input increases, then productivity has increased. If it decreases, then productivity has decreased.
Answer:
tariffs around the world fell substantially.
Explanation:
The world War I was a period of battle between various countries from 1914 to 1918. It started formally on the 28th of July, 1914 and ended on the 11th of November, 1918.
At the end of World War II, tariffs around the world fell substantially in order to foster trade between countries.
Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.
Tariffs can be defined as government imposed levies, fees or duties on goods that are imported into or exported out of a country.
Generally, tariffs can reduce both the volume of exports and imports in a country. In order to generate revenues, domestic government make use of tariffs while quotas do not generate any revenue for them.