Answer: Market failure
Explanation:
When the free market is not able to allocate resources and goods and services efficiently, this situation is referred to as market failure.
Market failure brings about disequilibrium in the market as the quantity supplied and the quantity demanded aren't in equilibrium anymore as there's market distortion. It takes place when the quantity of good. The distortion may be as a result of monopoly power.
Answer:
c. Providing special-purpose information and reports
Explanation:
Managerial or management accounting unlike financial accounting which focuses on historical data involves the review of management's forecast or budget with the actual results obtained.
It is used by management for internal decision making unlike financial accounting which follows a defined framework that is useful for both internal and external users of the financials.
Hence, Managerial accounting is primarily focused on Providing special-purpose information and reports.
Answer:
Private brands are normally run by a small group of people making and selling. Over a large company or international brands who are more focused on marketing and making more money then they put into their product and pour their money into factory and factory employees to make their products for them. Which would result in making the quality and details not as paid attention to as a private brand would focus on.
Answer:
should be Globally acceptable with Flexibility, Leadership and Patience also with almost extreme Cultural Adaptability andLanguage Skills
<u>Solution and Explanation:</u>
a) 51% of users of mobile phones use their phone at least once per hour,
It is a binomial distribution with n = 150, p = 0.51
mean = np = 150 multiply with 0.51 = 76.5
SD= sqrt(np(1-p) )= 6.1225
Since np and n(1-p) > 5, we can assume the distribution is normal.
B) please see the attached file.
c) It is a binomial distribution with n = 150, p = 0.02
mean = np = 150*0.02 = 3
SD= sqrt(np(1-p) )= 1.71464
Since np < 5, we cannot assume the distribution is normal.
