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hammer [34]
3 years ago
9

Write a three- to five-sentence paragraph that defines economics. Based on your definition, explain why it is difficult to consi

der economics an exact science. You may want to consider how economists approach economics to help you explain your answer.
Business
1 answer:
erastovalidia [21]3 years ago
8 0

Answer: See explanation

Explanation:

Economics is referred to as a social science that is concerned with how goods are produced, how they're distributed and how they're consumed. Economics is the social science that studies why human beings behave the way that they do.

It is difficult to consider Economics as a science because it lacks a hypotheses that's testable. Also, there is lack of consensus and the scientific method is not followed in Economics.

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Labeling researchers focus on "extra legal" variables to explain differences in arrest and prosecution rates as well as entencin
Elena L [17]
True

<span>Labeling theory is a sociological and criminological theory stating that a strong, negative reaction from society to an individual's crime or misbehavior can drive that individual to be more deviant by affecting (negatively) his/her self concept and by preventing him/her from gaining access to conventional opportunities.
</span>
Extralegal factors are those that are not covered or regulated by law. Examples of these factors or variables include gender, age, social class, race and economic status. Consciously or not, these variables can be taken as "biases" that may affect prosecution and arrest of certain individuals. 
3 0
3 years ago
Describe data processing in accounting by selecting the correct statements below. (Check all that apply.) Multiple select questi
V125BC [204]

Answer:

✓Batch processing accumulates source documents for a period of time and then processes them all at once.

✓ Online processing enters and processes data as soon as source documents are available.

✓An advantage of online processing is timeliness.

✓ Accounting systems differ with regard to how input is entered and processed.

Explanation:

.

The data processing can be regarded as process which involves set of operations that helps in transforming data to useful information. This encompass Collection of data, sorting of data to suitable format, entry of data. In accounting this process could involve recording, as well posting/closing steps which are required in the journals and ledgers. It should be noted that data processing in accounting can be described as;

✓Batch processing accumulates source documents for a period of time and then processes them all at once.

✓ Online processing enters and processes data as soon as source documents are available.

✓An advantage of online processing is timeliness.

✓ Accounting systems differ with regard to how input is entered and processed.

3 0
2 years ago
The shareholder-debtholder conflict refers to:________
Lera25 [3.4K]

Answer:

C

Explanation:

The shareholder-debtholder conflict usually arises because shareholders would prefer the firm to engage in more risky business activities. This is because this has the potential to increase the income of the firm and as a result, the wealth of shareholders.

On the other hand debtholders would not want the firm to engage in risky activities because it might negatively affect the firm's ability to make its schedules payments to debtholders.

In order to protect themselves, debtholders usually draft a deb covenant which contains allowable activities of the firm

4 0
3 years ago
What type of life insurance are credit policies issued as?
trasher [3.6K]
<span>They are considered decreasing term policies. In these policies, the benefits usually decrease over the life of the policy: that is, the closer one gets to the end of the policy term, the less the benefit will typically be. At the end of the term, there is no option to renew for the same premiums, and the policy simply expires.</span>
6 0
3 years ago
Lois, a single taxpayer, contributed $1,200 to her traditional IRA in 2019. If she received a $240 saver’s credit and was not an
-Dominant- [34]

Answer:

$960

Explanation:

Given the information from the question. We need to calculate the contribution can she deduct Since Lois paid $1200 to customary IRA and she received a $240 savers credit. Thus, she will get derivation commitment less savers credit .as a result to get contribution can she deduct is $1200-$240= $960. Therefore, the correct answer is $960.

6 0
3 years ago
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