Answer:
Since canned food is an inferior good, as consumers' income decreases, the demand for canned food will increase.
Explanation:
When consumer income decreases, the aggregate demand curve shifts tot he left. This will decrease the consumption normal goods, especially luxury goods. But it will also increase the consumption of inferior goods, such as canned food, noodles, etc.
Answer:
Management by exception.
Explanation: It is a management style in business that focuses only on dealing with cases that are beyond the norm or exceptional, It is a good strategy in project management.
The main purpose of this management style is to bring to the notice of the management only important situations that shows variation to the business out.
Advantages of Management by exception.
• It help employees to adopt their own approach to achieve results thereby serving as a motivation to them.
• It helps the management to make good use of their time.
Answer:
The correct answer is letter "D": The appellate court found a mistake of law that occurred during the initial trial.
Explanation:
A remand is a procedure in which a court sends a case to a lower court after a judgment has been given. <em>A reconsideration of the case is to be provided presuming there has been a mistake of law</em> in the final decision already dictated. In such cases a new trial is held, the facts are reviewed one more time and additional evidence is accepted to finally modify or correct the judgment.
Answer:
A. seek information about loans from the banks.
Explanation:
A loan can be defined as an amount of money that is being borrowed from a lender and it is expected to be paid back at an agreed date with interest.
Generally, the financial institution such as a bank lending out the sum of money usually requires that borrower provides a collateral which would be taken over in the event that the borrower defaults (fails) in the repayment of the loan.
An auditor refers to an authorized individual who review, examine and verify the authenticity and accuracy of business financial records or transactions.
An auditor ordinarily sends a standard confirmation request to all banks with which the entity it is auditing has done business during the year under audit, regardless of the year-end balance. One purpose of this procedure is to seek information about loans from the banks so as to examine and verify the amount that was loaned by the bank to the business entity, as well as comparing the figures (values) to that on the balance sheet.
