Asset debits are recorded in the left debits column.
B because it the right answer there
Answer:
False.
Explanation:
Operations manager should ensure quality control is done at all stages in the production cycle to ensure highest standard. If quality check is carried out only at the final stage defects that should have been spotted earlier will cause product to be discarded.
So checking the product at the last stage is counter-productive.
Answer:
Portugal has comparative advantage in producing olives.
Switzerland has comparative advantage in producing fish.
Portugal can gain from trade if it receives more than 3 pounds of fish per crate of olives.
Switzerland can gain from trade if it receives more than 1/11 of olives for each pound of fish.
d. 18 pounds of fish per crate of olives.
Explanation:
Switzerland and Portugal both countries can produce Olives and fish. One country has advantage in producing fish while other has advantage in producing olives. Both countries can gain from trade if they find a intermediary way so that both countries can be in win win situation. It is beneficial for Portugal if it trades with Switzerland if it receives more than 3 pounds of fish.
Answer:
The price will decrease and the quantity of the product sold will increase.
Explanation:
The price quoted would be lower because the social costs are not part of the cost of the product. This would increase the demand of the product because financially it is more beneficial and the price demand relation says that when the price of the good decreases the demand of the product increases and vice versa. So this means that the company will earn more but the society will have to bear the cost of the negative impacts.
