Answer:
The correct answer is letter "A": total value from trade in a market.
Explanation:
Canadian economist Alex Tabarrok (born in 1966) explains social surplus as the sum of consumer surplus, producer surplus, and bystanders surplus. Tabarrok takes an integrative approach in consumer surplus by stating <em>social surplus encompasses every economic trade in the market rather than only consumers and producers surplus.</em>
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Besides, Tabarrok believes when there are major external costs or benefits, the market will not reach its social surplus.
Answer:
Option A
Make the logistics function more complicated
Explanation:
The JIT inventory system refers to the Just In Time inventory system.
The just-in-time (JIT) inventory system is a management strategy where warehousing of parts is minimum. Rather, the raw material supply is aligned accurately with the production schedule of a particular good.
For example, in car production, the various car parts are supplied by various manufacturers at just the right time so they can be assembled to make up the car in the assembly line. The car assembly companies may not necessarily have to store raw materials in their ware house since the raw materials arrive "Just in time".
However, aligning the supply of raw materials accurately with production time, is a complicated task especially when a lot of manufacturers are involved and can need to plant down time if care is not taken. This makes the logistics function more complicated.
Depends on the quality and quantity of goods
Answer:
C) Identify distinct goods and/or services as separate performance obligations.
Explanation:
This refers to allocating different prices to several related activities that are part of one single large project or transaction. When you do this, you must specify which parts, goods or services you will require and at what specific prices. E.g. you agree to purchase uniforms for a football team, you will pay X amount when the helmets are delivered, another amount for the shoes and finally an amount for the uniform. The school will pay as the different products are delivered.
