Answer:
Flexible resources
Explanation:
Flexible resources are defined as those that can be utilised under different categories of resource groups.
They are able to serve multiple functions.
For example money can be used for different activities like production of goods, training of staff, purchase of raw materials, and so on.
Time can be allocated to different endeavours.
Same applies to energy. It can be focused on pursuing various objectives
Answer: The matching principle
Explanation: Matching principle is a combination of accrual accounting and revenue recognition. It states that the expenses of a company must be recorded at the same accounting period in which they were incurred to earn such revenues.
In the given case, Apple is reporting the warranty expenses at the same time period in which the revenue from such expenses is recognized.
Hence we can conclude that the given case illustrates the matching principle.
Answer: Option (D) is correct.
Explanation:
Free rider problem is the problem in which some individuals get benefits from the good and services that are owned by someone else but those individuals who are enjoying, doesn't pay anything for the benefit that they received from the goods and services.
Public goods are generally considered as a non-rival and non-excludable. There are some free rider problem arises in the provision of public goods, if the goods are distributed by a group.
If goods are distributed by the government then this problem of free rider could be resolved because government distributed goods at a large scale, so government can charge a price in terms of direct and indirect taxes for the provision of public goods.
Mandate also resolved the problem of free rider because through mandate every person need to pay for using the public good.
Social pressure also resolved the problem of free rider. If there are social pressure that people won't be able to use the provided goods and services until they pay the minimum amount for that good.
Therefore, option (D) is correct.
