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HACTEHA [7]
3 years ago
11

Link between economic wants and preferences

Business
1 answer:
mamaluj [8]3 years ago
7 0
Economic wants are the products and goods that people need and want; if they had unlimited purchasing power, they would want to obtain all of them.

In contrast economic preferences are compared to something, so while you might prefer one thing to another, you might not necessarily need it, or you might even need and want both of them!
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A cost that cannot be avoided or changed because it arises from a past decision, and is irrelevant to future decisions, is calle
Ronch [10]

Answer:

e. Sunk cost.

Explanation:

As per the given statement, the best appropriate option is sunk cost. As the sunk cost deals with the past cost which is already incurred in the past and it cannot be changed or avoided, neither it can be recovered. Example - Rent expense.

Plus it does not affect the future decisions that means it is irrelevant for decision-making aspects.

6 0
3 years ago
Governmental financial reporting should provide information to assist users in which situation?
trasher [3.6K]

Answer: making economic, social, and political decisions and also

assessing whether current-year citizens received services but if part of the payment burden was shifted part to future-year citizens.

Explanation:

Government Financial reporting should assist in fulfilling the government's duty of being publicly accountable. When there's a report of government's finances, citizens will be able to see the way money are spent and received in the country.

It also helps in the provision of information in order to help users assess the service efforts and make political, economic, and social decisions.

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3 years ago
What are Mormons?<br> (I just want to know what people think)
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7 0
3 years ago
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How do businesses compete for customers?
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Answer:

marketing team and review resources

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Under which set of circumstances would it not be appropriate to assume the value the noncontrolling shares is the same as the co
BaLLatris [955]

Answer:

The correct answer is C

Explanation:

NCI stands for the Non-controlling interest which also called as the minority interest, it is defined as the position of ownership where the shareholder owns outstanding shares that is less than 50% and has no control on the  decisions.

Under the situation where the active prices for the shares are not acquired by the acquirer states a different value, it is not appropriate to assume the value of the non-controlling shares same as of the controlling shares.

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