When an individual weighs her options and makes a choice that maximizes her benefit at the minimum cost, economists refer to this as a process of... rational decision making. You just studied 8 terms!
<u>Answer:
</u>
Unlike Generally Accepted Accounting Principles (GAAP) for accountants, there are not principles, standards, concepts, or values common to business ethics is a FALSE statement.
<u>Explanation:
</u>
- The GAAP has a wide range of applications owing to the unanimous addition of functions to the discipline of accountancy.
- Other than GAAP, certain countries and businesses follow the accounting methods given by 'other comprehensive basis of accounting' (OSBOA).
- Some businesses choose to follow both at once, while the majority choose to follow either of them.
Answer:
devotes more resources to research and development.
Explanation:
Economic growth is the rise in the GDP of a country.
A country can increase economic growth by :
- increasing labour productivity
- increasing capital
- increasing technological progress
- By devoting more resources to research and development
Malcolm Company uses a weighted-average process costing system. All materials at Malcolm are added at the beginning of the production process. The equivalent units for materials at Malcolm would be the sum of Units in beginning work in process and units started.
Answer: Option (2) is correct
<u>Explanation:</u>
The weighted average process costing system is used in case of those processes of production which are standardized.
The beginning cost of work in the process is added to the cost during the period and then it is divided by total equivalent units to arrive at the average cost per unit. Now the equivalent units for material at Malcolm would be units in the beginning work in process and the units started.
Answer:
In this article, we'll give you eighteen tips for coming up with a great business name.
Use acronyms.
Create mash-ups.
Get inspiration from mythology and literature.
Use foreign words.
Use your own name.
Take a look at a map.
Mix things up.
Partner with another company.
