Answer and Explanation:
An increase in the number of firms increases the demand elasticity. As the demand elasticity increases from 2 to 3 it means you could encounter less demand if product prices are increased. At a demand elasticity of -3, it is regarded as inelastic demand and a change in price will not affect the demand for the product as customers are still likely to patronize the product example gasoline. Due to its high demand, an increase in price will not readily affect the demand for it. Therefore if you are to change the price from $10 at 2 to 3 demand elasticity increase, the percentage of increase from 2 to 3 is given as.
3-2/2 X 100 = 50%
The new charge (x) at -3 demand elasticity = 50%/3 = 0.66666666
The increase in the new charge is therefore $10 + $10x = $10 + $10(0.166666) = $11.67
The person primarily responsible for periodically reviewing the financial reports and analyzing aspects of the company's operations is Internal auditors.
An auditor is a person authorized to review and verify the accuracy of financial records and ensure that companies comply with tax laws. All monetary auditors are accountants, however not all accountants are economic auditors.
The work of an audit supervisor is to oversee the moves and practices of the auditors in an company and to make certain the auditors follow the guidelines and guidelines set with the aid of the agency.
A business enterprise's management has the obligation for getting ready the agency's financial statements and associated disclosures. The organisation's outside, independent auditor then topics the monetary statements and disclosures to an audit.
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Interpersonal skills are the skills used by a person to interact with others properly.
Answer:
The correct words for the blank spaces are: are low-risk investments; are high-risk investments.
Explanation:
Bonds are considered to be <em>low-risk investments </em>compared to stocks because an interest rate fixed payment is made with bonds in regular periods. Instead, stocks are <em>high-risk investment</em>s since they payout dividends to stakeholders based on a company's profits implying investors will only earn a profit if the company has been able to earn income during a period. Even if that happens, the firms can retain the earnings for reinvestment.