When one group controls an industry or market by being the only provider, this is called MONOPOLY.
Mono - Greek monos means one or single
Poly - Greek polein means to sell.
Monopoly is a market where only one sells a certain good or service. In this type of market there is no competition thus the monopolist is not driven to improve his commodity because consumers have no other choice but to buy his product.
Answer:
The total cost of the units completed and transferred out of the department was: $324,900
Explanation:
First Calculate Total Cost per Equivalent Unit
Materials $2.00
Conversion $3.70
Total $5.70
Then, Calculate the Cost of Units Completed and Transferred
<em>Units Completed and Transferred × Total Cost per Equivalent Unit</em>
57,000 × $5.70
$324,900
Prior to having his procedure, Mr. Bowden has to give his WRITTEN INFORMED CONSENT.
Informed consent refers to the process in which patients are informed by the health providers about the proposed medical treatment they want to undergo. The nature of the treatment, its benefits, harms, risks and alternatives have to be discussed.
A written informed consent involves signing the documents that have to do withe the procedure.
Informed consent can be oral or written.
