Answer:
a)True
Explanation:
The formula to compute the material price variance is shown below:
= Actual Quantity × (Standard Price - Actual Price)
Here the raw material of the inventory should be recorded at the standard price and the difference of standard pice & actual price shows the favorable and unfavorable variance
Therefore the given statement is true
Answer:
Insurable interest
Explanation:
The insurance interest is the interest of the insurer while taking the policy so that the risk of the loss is reduced also it is an important requirement that makes the firm or the event to be legal, valid, enforceable, and protected against any harmful acts done intentionally
Therefore according to the given situation, the concept in which enough interest must exist on the part of the insurer while taking the policy is known as the insurer interest
Hence, the first option is correct
Answer: In general, the realists believes that there's not enough bang for the buck. It says the pace and scale of cuts required by Kyoto would hurt the U.S. economy without providing significant environmental benefits. USA believes more research is needed to understand the warming trend and how technology can be used to reverse or slow global warming.
Explanation: The United States hasn't become part of the agreement because it considers a problem the fact that several major developing nations, including India and China, are not required to reduce emissions under the agreement. China is expected to overtake the United States as the world's largest producer of greenhouse gases as early as this year.
Perhaps an even bigger problem with Kyoto, however, is that scientists say that even if it is successful, it would do relatively little to slow the pace of global warming.
Answer:
$14.14 trillion.
Explanation:
China is the largest trading nation in the world and have signed many treaties with several countries around world in recent years. It has largest economy in terms of purchasing power parity(PPP). World largest manufacturing economy and exporter in the world. It makes them fastest growing economy in world with a growth rate of 6.9%. It has largest labour force in the world. However, its counterpart, United states is struggling to keep pace with world fastest economy with growth rate of just 2.1%.