Answer:
The correct answer is Demand is inelastic, but not perfectly.
Explanation:
Inelastic demand is that demand that is not very sensitive to a change in price. In this way, before a variation in the price the quantity demanded reacts in a less than proportional way. For example, if the price increases by 10% and in response the quantity demanded is reduced by less than 10%, then the demand is said to be inelastic.
The elasticity of demand, also known as the elasticity-price of demand, is defined as the percentage change of the quantity demanded before a percentage change in the price.
Answer:
A. Those responsible for complying with budgets must participate in budget preparation.
Explanation:
An important rule of budgeting is those responsible for complying with budgets must participate in budget preparation.
Internal and external are two types of business communications enhanced by desktop publishing.
This is to improve both internal and external communication process of a business and become more productive.
Answer:
a. Accounting.
b. Certified public accountants.
c. Creditor.
d. Managerial accounting.
e. Certified management accountants.
f. Financial accounting.
Explanation:
1. <u>Accounting</u>: information system that measures business activities, processes that information into reports, and communicates the results to decision makers.
2. <u>Certified public accountants</u>: professional accountants who serve the general public.
3. <u>Creditor</u>: person or business to whom a business owes money.
4. <u>Managerial accounting</u>: field of accounting that focuses on providing information for internal decision makers.
5. <u>Certified management accountants</u>: professionals who work for a single company.
6. <u>Financial accounting</u>: field of accounting that focuses on providing information for external decision makers.
