Answer:
D. Original cost.
Explanation:
As we know that the inventory should be valued at lower of cost or market value. Also , the market value is the middle amount among the replacement cost, net realizable value, net realizable value - normal profit margin
It can be the replacement cost or net realizable value. We don't have an idea which one is the middle amount
Also, if the original cost is less than the market cost so we assume that the inventory should be valued at original cost
This phenomenon best illustrates how a progressive income-tax system serves as an automatic stabilizer for the economy.
<h3>What is an automatic stabilizer?</h3>
Automatic stabilizers are stabilizers that adjust the economy automatically without the intervention of external agents . Examples include progressive tax and transfer payments. A progressive tax is a tax structure where those who earn higher income are taxed more and those that earn less pay less amount of tax.
In an expansion, progressive tax increases the tax paid and this reduces disposable income. In a recession, tax paid is reduced and this increases disposable income
Here are the options:
increases crowding out in the economy
decreases real interest rates in the economy
offsets the timing problem for fiscal policy
Serves as an automatic stabiler for the economy
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Answer:
The correct answer would be option E, Homogeneous products leave consumers with no choice, which means this statement is False.
Explanation:
Homogeneous products leave consumers with no choice is the False statement, because homogeneous products are the products which cannot be differentiated or distinguished from each other. They have almost exact physical characteristics and properties. People cannot differentiate the products of different suppliers.
So homogeneous products have a lot of substitutes, people have a vast choice range for such products. For example if you go for grocery, you can find different apples coming through different suppliers from different countries, and you are clearly not able to differentiate between them, yet you have a vast range of choice to select from the apples you like.
The process of a business or organization attempting to acquire goods or services to accomplish the goals of its enterprise is called purchasing
What is the purchasing means?
Purchasing is the organized acquisition of goods and services on behalf of the buying entity. Purchasing activities are needed to ensure that needed items are obtained in a timely manner and at a reasonable cost.
What are the 3 types of purchasing?
There are three main types of procurement activities: direct procurement, indirect procurement, and services procurement
Why is purchasing important?
Purchasing is generally responsible for spending more than 50 percent of all the revenues the firm receives as income from sales. More money is often spent for purchases of materials and services than for any other expense, and the spend in services is rapidly increasing.
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Answer:
Sarine is most likely making the decision to continue with these dolls due to Self-justification and self-enhancement.
Explanation:
Generally, the law of prospects theory is applied here. According to this law people are attracted towards attaining maximum utility rather than to look for absolute outcome. The self-justification is a significant problem here which arises when people who are responsible for making the decision are strongly tied with a project. Similarly, to avoid the problem off self-justification and self-enhancement, the best practice is to appoint different people to make the decision and to evaluate them, which ensures transparency and long-term stability which is lacking in this case.
