Answer:
The correct answer is "Percentage change in quantity demanded divided by the percentage change in price of that good".
Explanation:
The elasticity of demand is a measure used in economics to show the degree of response of the quantity demanded of a good or service to changes in the price it presents. It grants the percentage change of the quantity demanded about a unitary percentage change in the price, with the other variables considered constant.
The E is a measure of the sensitivity of the quantity demanded of a good or service to changes in its price. Its formula normally produces a negative result due to the inverse nature of the relationship between the price and the quantity demanded.
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Net loss is when expenses exceed the income or total revenue produced for a given period of time
We are need skills to be able to do work. The above means that the leader’s management or organizing skills are particularly important.
<h3>The act of Organizing</h3>
- Organizing is simply known as when one is involve in assigning tasks, giving tasks into departments, sharing authority, and allocating resources etc. in all aspect of the organization.
During the organizing process, managers coordinate employees, resources, policies, and procedures to facilitate the goals identified in the plan.
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The definition in my own words are:
- Cash Basis of Accounting: is type of accounting that that makes use of revenues and expenses at the time cash is received.
- Accrual Basis of Accounting: The accrual basis of accounting focus on recording revenues .
- Matching Principle: can be regarded as accounting concept that focus on companies report expenses .
- Time-Period Principle: is one that a business should report the states that financial results of its activities .
- Accounting Period: serves as the period of time that is used for accounting functions, this can be a fiscal year.
<h3>What is accounting?</h3>
Accounting serves as the process which involves the recording as well as summarizing business and financial transactions.
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