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Which one of the following is not an assumption for the law of one price? a. There is free competition b. There is no transporta

icang [17]

Answer:

d. The skill level of workers is identical in both countries.

Explanation:

The Law of One Price is an economic theory which explains that the price of identical or similar goods in different markets must be the same after taking the currency exchange into consideration. In law of one price, there is perfect competition and It ensures that buyers have the same purchasing power across global markets.

8 0

3 years ago

In the heading of a cover letter, which of the following formats should be used for the date?

loris [4]

<span>It should be laid out like this example:(November 10, 2015)</span>

7 0

3 years ago

Magic City Enterprises manufactures a beautiful bookcase. Listed below are a number of costs incurred. Identify each cost as eit

FrozenT [24]

Answer:

1. Factory Rent = Fixed , Product (Indirect Cost)

2. Advertising = Fixed , Period

3. Packing Supplies for Shipping = Variable, Period

4. Factory Security Guard = Fixed, Product (Indirect Cost)

5. Wages of Employees Who Sand the wood = Variable, Product (Direct Cost)

6. Administrative Assistant in Corporate office = Fixed , Period

7. Paper Towels in the Men's Room in the Factory = Fixed , Product (Indirect Cost)

8. Executive Jet = Fixed, Period

9. Lumber = Variable, Product (Direct Cost)

10. Depreciation on Factory Tools (Straight-Line) = Fixed, Product (Indirect Cost)

Explanation:

Product versus Period Cost.

A product cost is attached to the cost object and is included in the valuation of the cost object.All manufacturing costs are product costs.

Period costs are not attached to the products. Non-manufacturing costs are Period costs.

Fixed versus Variable.

Behavior of costs in relationship with Activity will tell us whether a cost is a Fixed cost or Variable Cost.

Fixed Costs remain the same for any level of activity, whilst variable costs vary in direct proportion to with the level of activity.

Direct versus Indirect.

By observation of the cost object, we are able to identify is a cost is a direct cost or indirect cost.

Direct costs can be easily traced on the cost object. Indirect costs are difficult to trace on the cost object.

4 0

3 years ago

Which of the following statements about today's job market is accurate? a. Today the emphasis is on what the applicant wants. b.

Nataly [62]

Answer:

C. Employers are most interested in how a candidate will add value to the hiring organization.

Explanation:

Most Organizations are keen on knowing what value you are bringing to the company, there is no real consideration of the applicants dreams or career goals. As time goes by, it becomes really difficult to secure positions without reasonable years of experience because that way, the recruiting organization is in the know of your capability and how you contribute to their existing goals. Sadly, this is what applicants face in the world today so most newly graduates have to go on internships so as to widen their scope of real job tasks which also increases their chances of getting recruited.

7 0

3 years ago

According to the ________ argument, governments should temporarily support new industries until they have grown strong enough to

DiKsa [7]

Answer:

The right answer is "Infant industry".

Explanation:

An economic phrase that is used to characterize the organization through its early phases of developmental stage, is determined as the Infant industry argument.
This means that a freshly created industry seems to be a newborn industrial sector, requires authorities to either support and/or safeguard certain businesses through regulations.

3 0

3 years ago