Answer:
A. control a resource that is essential in the production process.
Explanation:
When the crucial resource is required to make a product, then the restrictions on such resource would not allow, many people to enter in such business.
Also that the resources will be restricted in some or other manner, its price will increase accordingly the cost of producing such article would also increase.
As the cost of production will increase only producers with a high budget and resources in terms of finance will chose it.
Answer:
This situation means that resources were not being efficiently used.
If society managed to produce 1 more unit of X with the same resources and technology, this means that some resources were idle in the past, which causes inefficiency.
This also means that the combination 3 units of X and 4 units of Y is a point inside the PPF. However, we do not know if the combination 4 units of X and 4 units of Y is a point inside the PPF, or on the PPF, because there could be some other combination that could be even more efficient (for example 5 units of both X and Y with the same resources and technology).
Web-based self-service applications are types of applications that allow employees to access certain tasks of a company online, without having to interact with a representative of this company. Most of these websites offer support and immediate access to information.
This saves time and money, because the representative who would normally have to facilitate this work is no longer necessary. Moreover, because this is found online, it is likely that these applications can be accessed 24/7, which means that they also save time.
However, there are some disadvantages for employees too. For example, employees usually need to provide a lot of personal information in order to gain access to such application. Moreover, if they are confused about a particular aspect of it, it can be difficult to get personal help or support.
Answer: $480,000 is the taxable income for year 5 reported by Paring report.
Given:
Pretax financial income = $550,000
Current tax expense = $144,000
Effective income tax rate is 30%
Taxable income is computed as :
Taxable income = Tax expense ÷ Current tax rate
Taxable income = $144,000 ÷ 30%
<u><em>Taxable income = $480,000</em></u>
