Answer:
No the given statement is not correct.
Explanation:
Federal Government does not determine the pay structure for any occupation. Each occupation determine its own salary structure. For example, the doctors would determine their own fee that they would charge to the patients, schools will determine their fee that they would charge from students, lawyers determine their own fee, and the examples are countless. Government sometimes only sets the minimum level of wage that must be paid to a worker. For example government can put a base at 10 dollars wage rate that has to be given to the worker working for you. So you must give the worker at least $10, but you can give him $15 or $20, as much as you like and as much as he charges you, but you can't give him less than 10 dollars
In the question above, Walt asks for 10 gallons of gas while Jessie asks for $10 worth of gas. In both the cases, the drivers need gas but Walt is concerned about the quantity of gas and Jessie is concerned about the price of the gas.
In case of Walt, the price elasticity of demand is zero because he want 10 gallons of gas regardless of the price of gas per gallon. While in case of Jessie, the price elasticity of demand is one because he wants to buy gas worth $10, no matter what is the price of the gas per gallon.
Answer:
The Foreign Corrupt Practices Act (FCPA) has been criticized for:
b. putting U.S. corporations at a competitive disadvantage in international trade.
Explanation:
b. putting U.S. corporations at a competitive disadvantage in international trade.
Answer:
B. permanent, temporary, and permanent accounts
Explanation:
Having in mind the closing of accounts at the end of the accounting year, the <em>difference between permanent and temporary accounts</em> is the following:
- Permanent accounts are the ones that are not closed at the end of the account year; instead, their balance is moved to the following year, as the starting balance. <em>Asset </em>accounts which are permanent are: <u>Accounts receivable</u>, Investment, Equipment, Cash, while the permanent <em>Liability </em>accounts are Accounts payable, <u>Salary Payable</u>, Utilities Payable...
- Temporary accounts always start with zero balance when the accounting year begins. The balance at the end of the year is handled by moving it to another account. All sorts of revenues and <u>expenses </u>belong to this account category.
