Answer:
A) high; quick
Explanation:
The information in the sentence above provides that the businesses and that the workers are sensitive to the change in any kind of money supply or inflation.
This means both very quickly respond to anything like that and will change accordingly.
Therefore, the inflation rate when is high, then the companies and workers are really quick to create any policy.
Answer:d. LIFO will result in higher income taxes than FIFO
Explanation:
A period of rising prices means price will be higher on the latter goods than the former, inventory sold on Last in first out method (LIFO) will be costlier in this period than inventory sold on First in First out ( FIFO) this invariably means LIFO will result in lower net income due to high cost of inventory compared to FIFO and the lower the net income the lower the income tax this invariably means LIFO will result in lower income tax.
Average costing will yield result that are between those of LIFO and FIFO since it can an average of two price with one LIFO and the other on FIFO, LIFO will result in higher cost of goods sold since the latter goods will be costlier, FIFO will result in higher net income since the goods will be cheaper than LIFO.
Taking in the coupons of the competitors and considering it to your business as revenue is considered as a technique to draw more consumers in the market. In this way, the customers are given another option giving the benefit to this new business to showcase its primes.
