Answer:
d. substitution bias.
Explanation:
Price changes from year to year are not proportional, and consumers respond to these changes by altering their spending patterns. The problem this creates for inflation calculations is called substitution bias.
A problem with the Consumer Price Index (CPI) arises from the singular fact that, when the price level of a product becomes relatively less expensive or lower, consumers tend to buy more quantity of the product and consequently, a lesser quantity of goods that are relatively more expensive.
Hence, their spending pattern changes with respect to the prices but it's not completely adjusted with the Consumer Price Index (CPI), thus, making the inflation rate to differ because of the problem of substitution bias.
You should prioritize your first customer since they are entitled with your full attention being the one who availed your service first. You can ask the second customer if she can wait. But if the second customer would be so persistent, you can ask permission from the first customer if she is not in a hurry and that you would entertain the second customer first.
The Sarbanes-Oxley Act of 2002 was used to curb accounting fraud by improving financial disclosure of corporations, and checking and fixing frauds if they were found.
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When it comes to lack of sales or poor financial management, the reason why most firms fail is a. poor financial management.
<h3>Why do companies fail?</h3><h3 />
There are several reasons why a company can fail such as budgetary issues, and a lack of concrete goals to guide the activities of the company.
Most of these things stem from poor financial management however. Think of it this way, if a ship has a bad captain, then the chances of the ship sinking increases.
Poor financial management would lead to money not going to the right expenses which means that the business will make a lot of losses instead of profit and so will close.
In conclusion, between lack of sales and poor financial management, poor financial management is worse.
Find out more on businesses failing at brainly.com/question/13371882
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