Two factors that would determine the demand for education in less developed countries are the following;
- low percentage of employed individuals than those who are not unemployed, this means that a lot of people does not have a job in which likely because of the reason they were not given education or they are poor
- crisis or there are a high percentage of people who are poor, in which this means that there are a lot of people who does not have any permanent and stable jobs because of the fact that they are uneducated and mainly because they don't have the money to afford education
Available options are:
A. Internal failure cost
B. Appraisal cost
C. Prevention cost
D. External failure cost
Answer:
B. Appraisal cost
Explanation:
The reason is that the appraisal costs are incurred to assess that whether the investment will bring value to the organization in terms of customer loyalty, better cash positions, greater profitability, better quality, etc. The inspection of the quality of the production which also considers the cost of operating the system is actually considering the value the new technology system is generating and is appraisal cost to the company.
Answer:
3. Canada has a comparative advantage, relative to other countries, in producing baseball bats.
Explanation:
Comparative advantage is the ability of the country to produce good or services for a lower opportunity costs for example the oil producing countries have comparative advantage in chemicals.
Options 1,2 and 4 are incorrect .
Absolute advantage is the ability of a country or region to produce greater quantity of units with the same no of inputs in the same time.
Answer:
The answer is: B) represent pronouncements by any of the organizations responsible for setting auditing standards. In the U.S. these standards are set by the PCAOB for public companies and broker dealers, and by the Auditing Standards Board of the AICPA for other entities.
Explanation:
Auditing standards are a set of guidelines used by auditors when conducting audits on a company's financial records. They help auditors ensure the accuracy, consistency and verifiability of the financial reports they audit. Auditors should be able to determine whether the financial statements of public companies follow GAAP.
Based on economic situation analysis, the Firms in an oligopoly often "<u>make decisions based on the behavior or expected behavior of their competitors</u>."
This is because firms in an oligopoly tend to act <u>inter-dependently.</u>
This implies that the firms in oligopolies can act together to fix prices to maximize the possible profits in their industries.
Oligopoly is a term in economic theory used to describe the market condition whereby the smaller number of firms are producing a commodity.
Hence, in this case, it is concluded that the correct answer is option C. "make decisions based on the behavior or expected behavior of their competitors."
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