Answer:
The answer is 2.5
Explanation:
Mpc = marginal propensity to consume
Mps = marginal propensity to save
Multiplier = 1/ 1-mpc= 1/ mps
Multiplier = 1/ 1-0.6 = 1/ 0.4 = 2.5
Answer:
The correct statement is expressed by option B - Firms with a low-cost position can reduce the threat of rivalry in an industry.
Explanation:
Firms with a low-cost position can reduce the threat of rivalry in an industry based on these reasons:
Firstly, these firms can decide to set their prices to be the same as the prices of higher-cost competitors.
Secondly, low-cost firms can decide to price their goods or services a little bit below the prices of their high-cost rivals.
JEBBERZ that link isn't even clickable
Answer:
The answer is Chief Executive Officer and and the Chief Financial Officer
Explanation:
As part of the requirements for audit process, the external auditor will obtain from the management a written representation for the financial statements being presented to the external auditor. The management is responsible for the preparation of Financial statement and the external auditor expresses their opinions on it.
To show accountability, The Chief Executive Officer and the Chief Financial Officer both sign on it.
