Answer:
The correct answer to the following question is option A) Identifying - Recording - Communicating .
Explanation:
An accounting process can be defined as series of activities which begins with identifying a transaction and ends with books closed. This process is also called accounting cycle because this process is done every financial reporting period. Here the first step would be to identify a transaction, then getting source document of transaction ready, after that classifying the transaction , then recording it by making journal entries, which would then lead to preparation of ledger, trial balance and other financial statements etc.
Answer:
Explanation:
The aggregate supply curve shifts to the left as the price of key inputs rise, making a combination of lower output, higher unemployment, and higher inflation possible. When an economy experiences stagnant growth and high inflation at the same time it is referred to as stagflation.
Answer:B. if transaction costs are low, private bargaining will result in an efficient solution to the problem of externalities.
Explanation:
The coarse theorem:
If there is a conflict between parties this will lead to an effecient results irrespective of who won the right to the property as long as the transaction cost related to the price negotiation is insignificant.
Answer:
3. the price of solar panels decreases and the quantity increases.
Explanation:
An increase in supplies results in reduced prices. As per the law of supply and demand, an increase in supply while holding the demand contact results in a decrease in price. Increase supply causes downward movements along the supply curve, pushing the prices lower. There will be many solar panels available in the market competing with for few buyers.
An increase in supplies means an increase in the quantities available in the markets. Buyers will have a large selection of solar panels to choose from.
Answer:
Strategic conversation
Explanation:
The above scenario exemplifies a strategic conversation. The strategic conversation is all about deliberating the company's vision and mission. In the bigger picture, managers and CEO's usually interact quarterly or once a year to discuss and explore different strategies in order to improve the company's operations. Strategic conversations are important because they help to identify problems and their remedial solutions.
