Any market activity, along with its production chain, from extraction and production, to distribution and retail have incidental consequences in the social and natural environment it contacts.
These consequences, when it affects parties which did not choose to incur in these consequences (external parties), are called externalitites.
There can be positive and negative externalities, but naturally the one we hear most are the negative ones, as they should be "internalized" by the responsible party.
For example, a beefarm might bring a positive externality to fruit tree owners around it, through polinization. But the same way, the increase in bee attack in the region would be a negative externality.
Answer: $6,000
Explanation: Considering the tax structure:
An employee with a total income of $60,000 will pay:
1st $20,000= $20,000*5%=$1,000
2nd $30,000= $30,000*10% = $3,000
Bal of $10,000= $10,000 * 20% = $2,000
Total Tax payable = $1,000+$3,000+ $2,000=$6,000
Answer:
<em>s</em><em>o</em><em>l</em><em>a</em><em>r</em><em>.</em>
Explanation:
<em>s</em><em>o</em><em>l</em><em>a</em><em>r</em><em> </em><em>i</em><em>s</em><em> </em><em>a</em><em>n</em><em> </em><em>e</em><em>m</em><em>e</em><em>r</em><em>g</em><em>i</em><em>n</em><em>g</em><em> </em><em>g</em><em>r</em><em>e</em><em>e</em><em>n</em><em> </em><em>c</em><em>a</em><em>r</em><em>e</em><em>e</em><em>r</em><em> </em><em>d</em><em>e</em><em>d</em><em>i</em><em>c</em><em>a</em><em>t</em><em>e</em><em>d</em><em> </em><em>t</em><em>o</em><em> </em><em>t</em><em>h</em><em>e</em><em> </em><em>d</em><em>i</em><em>s</em><em>c</em><em>o</em><em>v</em><em>e</em><em>r</em><em>y</em><em> </em><em>o</em><em>f</em><em> </em><em>e</em><em>n</em><em>e</em><em>r</em><em>g</em><em>y</em><em> </em><em>u</em><em>s</em><em>u</em><em>n</em><em>g</em><em> </em><em>t</em><em>h</em><em>e</em><em> </em><em>s</em><em>u</em><em>n</em><em> </em><em>a</em><em>s</em><em> </em><em>i</em><em>t</em><em>s</em><em> </em><em>s</em><em>o</em><em>u</em><em>r</em><em>c</em><em>e</em><em>.</em>
Answer:
Absolute advantage
Explanation:
Absolute advantage is the term which described as the ability of country, company or individual to produce the greater quantity of the service or good along with the same quantity of inputs per unit of time or producing the same amount of quantity per unit of time through using the lesser quantity of inputs.
The sepcialization should not be grounded on the absolute advantage rather it is grounded on the comparative or relative advantage as being better at something than someone else.
Option C is incorrect when allocating service department costs to operating departments.
<u>Explanation:
</u>
Typically, fixed costs are not assigned to working departments; however, they have to be absorbed by the service. This statement is incorrect in the service dept. Cost to Operating dept.
The reciprocal method assigns the cost of services to operating departments and other departments. The reciprocal costs are identified and the costs are assigned to each other and to services offered by each service department.
For example, if Service Department A requires certain services of Service Department B, the cost allocation system would not include these services. Since these services are not delegated to other departments, some auditors assume that the direct approach is not right.