Answer:
The government needs to revamp the Social Security program to make it sustainable.
Explanation:
A normative economic statement is always a suggestion for the economy, whereas a descriptive economic statement is a statement providing information, as it states the facts and do not provide any suggestion.
Here, in given instance the statement,
Government needs to improve or form the Social Security Program, so that the program is sustainable, is a suggestion and not a fact.
Thus, it is a normative economic statement.
Answer:
Continuous Innovation.
Explanation:
This is simply known go be continuous improvement which explained as development to produce a positive result over time.
It is an iterative process of incorporating both modest, incremental and radical revolutionary improvements in processes, product designs, services and technologies.
Continuous innovation seeks not to just fulfill expectations but also create products and services that provide only imagined functions or even entirely unexpected revolutionary changes.
Answer:
REDISTRIBUTION
Explanation:
Redistribution of assets and income can be defined as social mechanism like taxes, education, healthcare, government services, political reform, fiscal policy, confiscation, separation or tort rule is the redistribution of wealth and income from some persons to others.
The phrase's meanings differ, based on private experiences, political philosophies and limited statistical usage. In politics, it is often said, probably referring to supposed transfers of wealth from those with more to those who have less.
Answer: A. As Expenses
B. No treatment.
Explanation:
A. The $100,000 was not structured and a loan so it will be accounted for as EXPENSES. This means that it will be deducted from the Income for the year from Calhoun's books.
B. A C Corporation is by definition taxed SEPARATELY from it's owners in the United States of America. Seeing as both Corporations were C Corporations, Jonathan as the owner of both companies need not worry about how he should treat the $100,000 payment as he will not ne taxed on it.
