Answer:
The correct answer is letter "D": Wal-Mart employed a preemptive strategy.
Explanation:
Game Theory is a branch of Economy that studies the decisions in which an individual could succeed if he or she takes into account the decisions of the rest of the participants involved in the event. Game Theory has also been applied for subjects such as <em>Mathematics, Managements, Psychology </em>or <em>even Biology.
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In the game theory, the Preemptive Strategy is implemented when individuals take a step before other participants in an attempt of having a favorable outcome of the situation. They lead the event using creativity. Thus, <em>Wal-Mart used the preemptive strategy by opening stores in small towns that supported only one discount store.</em>
Answer:
c. the same amount of interest expense being recognized over the life of the bonds
Explanation:
The interest expense will be the cash outlay plus discount on bond payable or cash outlay less premium on bonds payable.
If the method total interest expense are different then company's will always chose one over the other to decrease their income taxes
Also, accounting should represent reality thus, the method to recognize interest should give the same result at the end of their life.
Answer:
The four basic elements of business are:
A. Production, fiance, marketing, and customer service.
Explanation:
These elements make up a business organizational structure. Functional structures and hierarchies revolve around these basic elements. Production in some organizations will be described as operations. It is the core of the business. Revenues that sustain the business are generated from production or operations. Finance handles the revenues and the costs associated with running a business. Marketing ensures that the goods and services from production or operations are made known to customers through research, information acquisition, and customer education. Finally, customer service ensures good relationships between the business and the customers, who are the chief patrons of the business. These essential elements ensure business success.
Answer:
is calculated after the variable cost per unit is calculated
Explanation:
Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.
In Financial accounting, fixed cost can be defined as predetermined expenses in a business that remain constant for a specific period of time regardless of the quantity of production or level of outputs. Some examples of fixed costs in business are loan payments, employee salary, depreciation, rent, insurance, lease, utilities, etc.
On the other hand, variable costs can be defined as expenses that are not constant and as such usually change directly and are proportional to various changes in business activities. Some examples of variable costs are taxes, direct labor, sales commissions, raw materials, operational expenses, etc.
Using the high-low method, the fixed cost can only be calculated after the variable cost (VC) per unit is calculated through the application of either the low or high level of activity.
