Explanation:
Business process can be defined as the series of interlinked activities starting right from making of a product to delivering that product to the customers. An organisation's success depends on its business processes that how effectively and efficiently they are performed to achieve business goals while remaining profitable.
Organisations takes some inputs, process them into final outputs. Inputs could be in the form of information, raw material etc, while outputs are the final products.
Managers needs to understand the process view because he should have complete knowledge of all the processes of an organisation. If they have this knowledge then they can easily evaluate, analyse, and modify the processes only and if they have deep insights about them.
For example: Manager working in KFC, should have knowledge about all the manufacturing, taking orders, serving customers and then taking feedback from them. Manager can only be effective if he has knowledge and he can understand and make them happen efficiently.
Answer
The correct answer here is service sector.
Explanation:
Service sector is one of the three sectors of economy , which produces both tangible and intangible services like warehousing service, information service, professional , health care, entertainment services etc. Usually countries whose economies centered around service sector are considered to be more progressive or advanced than other economies like agricultural or industrial. This sector is the largest sector of worldwide ( global ) economy when seen in terms of value added.
Answer:
The correct answer is letter "B": perform an activity at a lower opportunity cost.
Explanation:
Comparative advantage is the ability of an individual, company, or country to produce a good or service at a lower opportunity cost than its competitor. Having a comparative advantage does not mean that one entity is absolutely better than another at producing a good or service. It means that it sacrifices less to do so.
Answer:
1) deferred tax asset = 4000
2) deffered tax Liability = 4000
Explanation:
1) Journalizing entry at 12/31/2017
deferred tax asset = tax ( per income tax) - tax ( per book tax )
= 32000 - 28000 = 4000
J<u>ournal Entry made for Income tax and deferred tax asset)
</u>
Account Debit Credit
Income Tax Expense 28000
Deffered Tax Asset 4000
Income Tax Payable
32000
2) Journalizing entry at 12/31/2018
Deffered tax Liability = Tax (per book) - Tax ( Income tax )
deffered tax Liability = 32000 - 28000 = 4000
<u>Journal Entry made for Income tax and deffered tax liability</u>
Account Debit Credit
Income Tax Expense 32000
To Deffered Tax Liability 4000
To Income Tax Payable 28000
