Answer:
Scarcity is a condition that is everywhere and always, since it is based upon two assumptions that reflect permanent universal conditions. The assumptions are that more output will satisfy more wants and the world has limited productive resources
Explanation:
Due to the fact that there is high demand in market and there is limited productive resources which in turns affect the demand, hence; causing scarcity
Answer:
Procedural justice
Explanation:
Procedural justice is centered on the idea that there should be fairness in the process used in making decision or resolving disputes in a transparent way without being impartial, to ensure the process brings out the right outcomes.
Jessica believes that there’s a problem with the firm’s procedural justice as she believes her firm’s process and methods in determining increase in her salary is not fair enough.
Answer:
a. Market penetration
Explanation:
Market penetration strategy is a product promotion approach through which a company seeks to gain a greater share in markets it already operates. The strategy is used to increase sales volumes in existing markets.
Market penetration applies where similar goods and services exist. A company uses the low-price technique or present its products as superior as compared to those of its rivals. The objective is to draw customers' attention to the company's products. Advertising using special features and benefits presents the products as unique and superior, thereby attracting customers' attention.
Answer:
Part (a) The net income of carter is $115 million.
Part (b) The closing cash balance at the end of year is $360.
Explanation:
Part (a) Net Income Computation:
Sales $825
Cost of goods sold <u>(</u><u>$290</u><u>)</u>
Gross Profit $535
Other Expenses <u>(</u><u>$425</u><u>)</u>
Net income $115 Million
Part (b) The cash balance of Carter is not dependent on non cash flows. So the cash transactions would be considered here for cash balance computation.
Opening Cash position $290
Collection from Sales $710
Inventory Invoices paid ($350)
For Everything <u>($290)</u>
Closing Cash balance $360
Answer:
The installers and experts are self employed because;
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Standard Oil of Connecticut, Inc has no influence over the work other than finishing the venture by a specific time and the installers and experts can pick the days wherein they need to work.
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The installers and specialists are occupied with various business as the business is into deals and The installers and experts are into administration.
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The work isn't done heavily influenced by business. Professionals and installers are not managed by Standard Oil of Connecticut, Inc and they don't assess their work.
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The devices are not given by the business and the installers and experts utilize their own gear and instruments.
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The installers and experts are utilized for a specific time-span till the fulfillment of the undertaking and are not utilized for long.
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The strategy for installment is through a set rate for every venture and not by time-frame.
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The installers and professionals are authorized and affirmed by the state and are having particular abilities which are not increased through the business.
Every one of these conditions fulfill the necessities of self employed entity as indicated by measures utilized by the courts and doesn't fulfill the standards of representative.
