Answer:
(C) actual amounts from different years are compared.
Explanation:
Budgets are used for control. To compare the performace is necessary to have a same period, with almost the same characteristics and evaluate the actual performance. In sales for example, the bussineses has different seasons around the year, and because some sociodemographic reasons.
A model used to illustrate the trade-offs related to splitting resources between the production of two items is called the Production Possibilities Curve (PPC).
<h3>How do economic actors calculate costs to specialize products?</h3>
The PPC is a useful tool for demonstrating the ideas of scarcity, opportunity cost, efficiency, and economic development and contraction.
Exchange possibilities that lead to consumption opportunities outside of the PPC are the consequence of production specialization based on comparative advantage rather than an absolute advantage.
In contrast to what would have been achievable domestically, trade between two agents or countries enables the countries to enjoy a higher overall output and level of consumption.
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PPCs can be used to decide who should specialize in a certain good as well as opportunity costs and comparative advantages.
A nation or individual will be able to consume at a point beyond its PPC through specialization and commerce, assuming the terms of trade are advantageous (for example, offering each agent a cheaper opportunity cost than could be accomplished without trade).
Check out the link below to learn more about opportunity costs;
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Answer:
5) Dealer
Explanation:
1) Broker: A person who arranges a transaction between two parties
2) Commission Broker: The person who executes buy and sell orders on behalf of customers.
3) Floor Broker: The person who executes buy and sell orders on the floor of an exchange and charges his fee for it.
4) Floor Trader: The person who buys and sells for his personal account and owns a trading license.
5) Dealer: An agent who buys and sells securities from inventory.