Option c.) is more elastic than the demand curve facing a perfectly competitive firm as the demand curve or the AR curve of a perfectly competitive firm is parallel to the horizontal axis, perfect elastic is the correct answer.
This means that the company does not control the price. The company assumes a price and sells the quantity of the product at that price. In a perfectly competitive market, a single firm faces a demand curve with infinite elasticity. In a perfectly competitive market, firms do not fix prices, but choose levels of production at which marginal costs equal market prices.
Under conditions of perfect competition, a firm can sell any quantity of goods at the prevailing price, so the firm's demand curve is perfectly elastic. So even a small price increase will result in zero demand. This suggests that the company does not control prices.
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<span>a business incubator----------------</span>
The term term that serves as the process of identifying and documenting the functional and physical characteristics of a work product is Configuration management.
What is work product ?
Work product serves as the writings, notes, memoranda, that is been done on a conversations with the client or witness, as well as the confidential materials that is been formed by attorney while representing a client, particularly in preparation for trial.
On the hand can be regarded as the mental impressions, conclusions, opinions, for an attorney in anticipation of litigation , hence term term that serves as the process of identifying and documenting the functional and physical characteristics of a work product is Configuration management.
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CHECK THE COMPLETE QUESTION:
What process involves identifying and controlling the functional and physical design characteristics of products and their support documentation, and ensures that the descriptions of the project’s products are correct and complete?
Answer:
a Bill of Exchange
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Answer: 1. Declaration Date
2. Payment Date
3. Holder-of-record date
4. Ex-dividend date
Explanation:
1. On the Declaration Date, the company's Director announces that they will pay a dividend as well as the amount of the dividend. This is recorded in the books by crediting it to Dividends payable.
2. On Payment day the dividends are disbursed amongst shareholders. Cash Account is credited and Dividends Payable is debited.
3. The Holder-of-record day is the day the company notes who the owners of it's stock are so that they may receive the dividend.
4. On the Ex-dividend date which is usually 2 days before the record date, any stock bought on or after this date will.not receive any Dividend payment.
