GDP is designed to assess the production of goods in a market economy by output. However, it is not efficient in accounting for public and private services that without output that are easily countable by the number of units produced. GDP is not also well suited in measuring improvements in the diversity and quality of goods and
services. It is also poor in estimating the depletion of resources. Finally, it doesn't also reflect the degradation
of the environment involved in the production process.
Answer:
organizations that are in the middle of a series of organizations that distribute goods from producers to consumers.
Explanation:
Intermediaries can be described as middlemen. They enhance the flow of goods and services between the producer and the consumer.
They are organizations that are in the middle of a series of organizations that distribute goods from producers to consumers.
Types of Intermediaries
- agents
- wholesalers
- distributors
- retailers.
Advantages of Intermediaries
- They increase efficiency of the distribution process
- they provide logistics support
Disadvantage of Intermediaries
they can increase the cost of a good
Answer:
D : common stock of $1,000,000
Explanation:
Hadley Corporation
Issued shares × par value common stock
Issued shares 200,000
Par value common stock $5
Hence:
200,000 x $5
= $1,000,000
Therefore the year-end balance sheet would show a common stock.of $1,000,000
Answer:
Limited liability company
Explanation:
A limited liability company (LLC) is an hybrid entity United States in which the characteristics of corporations and partnerships are combines. In this strategy owners are not personally liable for the firm's debts.
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