Because it takes many years before newly planted orange trees bear fruit, the supply curve in the short run is almost vertical. In the long run, farmers can decide whether to plant oranges on their land, to plant something else, or to sell their land altogether. Therefore, the long-run supply of oranges is much more price sensitive than the short-run supply of oranges.
Assuming that the long-run demand for oranges is the same as the short-run demand, you would expect a binding price ceiling to result in a <u>Shortage</u> that is <u>Larger</u> in the long run than in the short run.
Answer: (a) shortage,(b) Larger
<u>Explanation:</u>
Binding ceiling price which is set by government.Ceiling price is the maximum price above which we cannot sell the goods. Binding ceiling price means price that is set below the equilibrium price.Firms cannot sell there goods above that price. Now equilibrium price means ,a price which is determined at a point where demand and supply curve meets.
When there exist binding ceiling price than there might be some firms who are not willing to sell at that price .So there can be shortage of supply .This shortage will be larger in long run than in short run because in short run supply remains same irrespective of change in price.
My answer would be C ''Foreign Exchange Rate''.
Answer:
Proportional Tax
Explanation:
A proportional tax imposes the same flat rate (in %) on income as payable tax.
Other types of taxes are Progressive and Regressive Tax. In progressive, the higher you earn, the higher tax you pay while in Regressive, the higher you earn, the lower income tax paid and vice versa.
Answer:
Which non-cash expense is added back to the net profit in the indirect method of preparing a cash flow statement? DEPRECIATION
The indirect method of preparing a cash flow statement adds a non-cash expense, such as DEPRECIATION and or AMORTIZATION, to the net profit.
Explanation:
Cash flow statement is a statement of account or financial statement prepared by firms or organisations that shows how money comes or flow into a company. It also shows the amount of money that a company receives from sales of their goods and services.
Cash flow statement also shows us the money invested my the company in outside ventures which is used for generating revenues for the company.
There are two methods of preparing Cash flow statements
a. Indirect method.
b. Direct method
The indirect method of preparing a cash flow statement involves stating the net income of the firm and then adding back non cash expenses such as Depreciation, Amortization back to the net profit. After which the determination of the actual inflow or outflow of cash from firm in carried out.
Answer:
The answer is below
Explanation:
The impact of globalization on human resource planning is both positive and negative depending on the point of view it is being looked upon.
Some of which are:
1. Globalization has led to firms and organizations to recruit from far and wide, across nations if needed.
2. It has reduced the cost of traveling and goods and services deliveries
3. It has led to increasing firms reducing the cost of maintaining staff as individual contractors have increased due to the opportunity of remote jobs caused by globalization.
4. The human resources planning has been impacted by globalization such that, many staff has been retrenched.
5. Globalization has also caused brain drain to developing nations in terms of human resource planning.
