Answer:
The problem with the argument that infant industries need to be protected from foreign competitions are as follows:
1, Fall in standard of living
2. Barrier to free trade
3. Invitation to trade wars
4. Protection of inefficient industries
5. Distortion of free market actors
Explanation:
1. Fall in Standard of Living - Consumers are not forced to patronize producers of substandard products due to the barriers to suppliers of high quality imported goods.
2. Barrier to Free Trade- Trade protection is a barrier to free international trade, the gains of the principles of comparative cost advantage upon which international trade is established will be lost.
3. Invitation to Trade Wars - Other countries may take retaliatory measures
which may eventually lead to trade war between or among trade partners.
4. Protection of Inefficient Industries - The incentive to perform better is not there when infant industries are protected from foreign competitors.
5. Distortion of free market actors - Protection leads to distortion in market equilibrium which will lead to market failure.
The correct answer is sexual harassment.
It is not advised to make jokes of sexual nature in such meetings because some people may get offended and it will affect your business negatively. Some people may understand the joke as sexual harassment and even sue you because of that.
Answer: b. $9,000
Explanation:
The following details are given;
Monthly sales to customer from first group = $150
Gross Profit percentage = 25%
Number of lifetime months = 240 months
Customer Lifetime value for the first group = 150 * 240 * 25%
= $9,000
Answer:
Depreciation is the process to allocating an asset's cost as an expense over its useful life.
Explanation:
An asset's cost price is not expended fully in the year it is purchased as revenue generated from the asset is for many years. A such, asset's cost is allocated through it's useful life. Also, a part of it is expensed in the form of depreciation every year.
It is not a process of valuation, it is a process of cost allocation.
Depreciation can be calculated using straight line method, written down value method, MACRS etc.
Answer:
1. C
2. B
3. C
Explanation:
1. Relevant costs are cost that influence management decision making. Relevant revenues must differ between alternatives
2. Opportunity cost is defined as the next best alternative. Between 2 options one is forgone and the other is taken up due to it being more valuable.
3. Avoidable costs are cost that can be avoided and they differ between alternatives.