Answer:
The correct answer is option c.
Explanation:
Adam Smith and other economists advocated that in a competitive industry, the total cost is minimized through the actions of the individuals who are pursuing their self-interest. It is not intended or pre-planned.
Adam Smith believed that individuals are led by an invisible hand or market forces to maximize their own profits and lead to the overall welfare of society.
If consumers and producers are allowed to make their decisions freely, it would lead to production and price determination such that all members of the society are benefited.
Answer:
yes you have to pay $5 per week
Answer:
a. $32,300
b. $36,300
Explanation:
The computation of the net income under each method is shown below:
a. Cash basis
Net income = Revenues - expenses
= $106,000 - $73,700
= $32,300
b. Accrual basis
Net income = (Collection - service performed collection last year + service performed) - (expenses incurred in current year - expenses incurred in last year + additional expenses incurred in current year)
=($106,000 - $25,600 + $40,700) - ($73,700 - $30,900 + $42,000)
= $121,100 - $84,800
= $36,300
Answer: No statutes presently require websites to have or disclose a privacy policy.
Explanation:
A Privacy Policy refers to a legal document or statement which states how an organization or website collects, and processes the data of the visitors and the customers.
The FTC Act is an act regarding the unfair practices in commerce. The Electronic Communications Privacy Act was put in place so as to prevent the unauthorized access of the government to private electronic communications.
Based on the options given, there is no statute that requires Burns to have and disclose a privacy policy to anyone using the website. Therefore, the answer is D.
Answer: Option B and E
Explanation: Use of diagrams and charts do not simplify the complex relationships as they do not help in calculation they are for presentation purposes only.
Diagrams and charts are different from pictures as they are used to show quantitative data in a picture manner through graphs etc.
The information for which the graph remains limited as per the research made. So, graphs cannot increase the level of information it can only show it in a more mannerly way.