Scarcity means that resources are limited and because resources are scarce people must make choices
Answer:
None of these answers is correct.
Explanation:
A static budget is also referred to as a fixed budget. A static budget remains constant throughout a period regardless of changes in inputs. A static budget is prepared at the beginning of a period. It is an informed forecast of incomes and production in the coming year.
A flexible budget adjusts to changes in volumes or activity. A flexible budget is prepared using the actual activity level and incomes at the end of a period. A comparison is then made with the actual expenses to evaluate the performance for the year.
Answer:
True
Explanation:
Usually compensatory damages are assigned as a measure of the difference between the promised performance of a contract and the actual performance of the contract.
For example, I sign a contract to buy a brand new Honda Civic but the dealer sends me a used car. I can sue the dealer for compensatory damages because he didn't perform correctly, but the court will not assign me $1 million, it will me assign the difference between the value of a new car and a used car plus some damages or costs incurred.
Answer:
Corporate social responsibility
Explanation:
Corporate social responsibility (CSR) is an approach that a business uses to demonstrate its concern for the surroundings. Through CSR, a company exhibits its commitments to the public or the environment. By practicing CSR, companies become corporate citizens.
CSR is gaining popularity. Businesses are adopting sustainable development agenda into their business models. Engaging in conservation matters makes Clendtine Fashions a friend to the environment.
Answer:
C : It is recorded for the fraction of the year to the date of the disposal.
Explanation:
Depreciation is the expense charged for providing against benefits arising through the assets. When any assets are to be sold, then depreciation is to be provided against the time period it is used as the benefit have been received for such.
Therefore, even in case of sales of the asset, the depreciation is provided for the period, it is in the books, and held in hand.
Therefore, the correct statement is:
Statement C