A commodity is a basic good used in commerce that is interchangeable with other commodities of the same type; commodities are most often used as inputs in the production of other goods or services. ... When they are traded on an exchange, commodities must also meet specified minimum standards, also known as a basis grade. in my notes it says... a commodity is an object or an economic good or product. commodity money , therefor refers to money that derives its value from particular commodity , such that the commodity itself is the medium exchange
On what you have to be more espesific
The type of economy that the Harrison lives in is a monopoly because he supply consumers solely with leather shoes.
<h3>What is monopoly?</h3>
A monopoly is when only one company offers a specific service or sells a specific product. Here Harison is the only supplier of shoes in the country where he lives.
Since there is no competition, the seller has complete control over the price hence makes as much profit as possible.
Hence, the type of economy that the Harrison lives in is a monopoly because he supply consumers solely with leather shoes.
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Answer:
The answer is Accumulated other comprehensive income
Explanation:
The statement of accumulated other comprehensive income is specific to U.S GAAP.It is known as statement of comprehensive under International Financial Reporting Standards.
The statement records losses and gains that are unrealized.For instance a company whose investment is in shares,would have to record the investment at fair value, that is the market price at each year end, any gains or losses arising from such valuation,especially if the shares are held for long term, is posted to the accumulated other comprehensive income or statement of comprehensive income.
The reason is that the shares are still held within the business not yet disposed of,hence the gains or losses are not realized and should not be recognized in profit or loss.
The managers of Kono Corp., which is an American company trying to open a branch in Europe or Asia are operating under a condition of <u>D. uncertainty</u>.
<h3>What is uncertainty?</h3>
Uncertainty refers to situations where the information is imperfect or unknown. When operating under uncertainty, some evaluations need to be undertaken to close the information gap.
<h3>Answer Options:</h3>
A. goal displacement.
B. illusion of control.
C. social reality.
D. uncertainty.
Thus, the managers of Kono Corp. are not operating under goal displacement, the illusion of control, or social reality, but it is operating under conditions of uncertainty.
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