Answer: See explanation
Explanation:
Absolute advantage simply means when an economic entity such as individuals or the firms can produce a particular good more efficiently than others who produce similar good. In this case, a larger quantity is produced when compared to others.
Comparative advantage is when an economic agent can actually produce goods at an opportunity cost that's lower than the opportunity cost of its competitors. Due to this, such economic agent can sell its good at a cheaper price than others and therefore make more revenue.
The project initiation stage is the first stage in the project management model.
What is a project management model?
The five project management process steps—initiating, planning, executing, controlling, and closing—are referred to in the PMBOK. It includes a variety of project management methods and techniques that you can use to assess or finish the way you manage your projects or the methodology you employ.
What is project initiation?
The Vice-Chancellor/Chief Information Officer and Project Sponsor define and assess the project proposal at the Initiation Phase before giving their approval for it to move forward.
What is the purpose of project initiation?
A project's objectives, justification, and organizational structure are all spelled out in a project's initiation document. This makes it possible to guarantee that everyone is aware of the situation from the outset.
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Answer:
Shift in supply curve, movement along supply curve
Explanation:
A shift in supply curve occurs due to changes in other factors other than price . Examples include increase in cost on inputs(raw materials), increase in government taxes; these two will cause the supply curve to shift to the left. On the other hand, movement along supply curve is due to changes in price of the good or service supplied; the higher the price, the higher supply hence an upward movement along the supply curve.
Answer:
True, spiff is the actual word
Explanation:
A spiff, or spiv is slang for an immediate bonus for a sale. Typically, spiffs are paid, either by a manufacturer or employer, directly to a salesperson for selling a specific product.
Answer:
False
Explanation:
The principal purpose of a statement of cash flows is to measure the profitability of a business that maintains its accounting records on the cash basis.
This is False because cash flows are also made for businesses that accounting records on the accrual basis rather than cash basis.
The cash flow is computed both by Direct and Indirect methods.
In indirect method of Cash flow Net income is computed using accrual income which recognizes revenues when earned and expenses when incurred.
