The economic development approach to the natural world suggests that sustainable business and sustainable economic development seek to create new ways of doing business in which business success is measured in terms of economic, ethical, and environmental sustainability: FALSE
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What is the economic development approach?</h3>
- Economic development, on the other hand, is a multifaceted process that includes significant changes in social structures, public attitudes, and national institutions, as well as the acceleration of economic growth, the decrease of inequality, and the abolition of absolute poverty.
Therefore, the given statement "the economic development approach to the natural world suggests that sustainable business and sustainable economic development seek to create new ways of doing business in which business success is measured in terms of economic, ethical, and environmental sustainability" is completely FALSE.
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Complete question:
The economic development approach to the natural world suggests that sustainable business and sustainable economic development seek to create new ways of doing business in which business success is measured in terms of economic, ethical, and environmental sustainability.
TRUE or FALSE.
Answer:
A flexible budget is a budget that adjusts or flexes with changes in volume or activity.
Explanation: For costs that vary with volume or activity, the flexible budget will flex because the budget will include a variable rate per unit of activity instead of one fixed total amount.
Answer:
d. variable costs are less than revenues
Explanation:
If the revenues of a company are more than the variable costs, it means the business is covering its variable costs and have additional revenues to meet its fixed costs. The success of a business depends on the outcomes of its revenues and output. A company output must meet demand and generate revenue.
Revenues that are higher than variable costs result in profitability. If the output is huge, the business will cover variable and fixed costs and make profits. Should the revenues fail to meet variable cost, the operation is headed for a shutdown.
Answer:
(B) Management
Explanation:
Management audits are a means of evaluating the effectiveness and efficiency of various systems within an organization, showing how well the management is deploying and applying its strategies in the interests of shareholders, employees, and the organization's reputation.
