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solniwko [45]
2 years ago
13

In response to a shortage caused by the imposition of a binding price ceiling on a market,

Business
1 answer:
Margaret [11]2 years ago
6 0

In response to a shortage caused by the imposition of a binding price ceiling on a market,

a. price will no longer be the mechanism that rations scarce resources.

b. long lines of buyers may develop.

c. sellers could ration the good or service according to their own personal biases.

A binding price ceiling is when the government or an agency of the government sets the maximum price of a good or service below the equilibrium price.

When price of a good is set below the equilibrium price of the good, the producer surplus would decreases and the consumer surplus would increase. This would lead to an excess of demand over supply. As a result, a shortage would occur. As a result of the shortage, black markets would occur.

To learn more about a price ceiling, please check: brainly.com/question/24312330

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Northwestern Data Systems has adopted a new organizational approach with regard to information flow, ensuring that employees hav
bija089 [108]

Answer:

neither she nor her supervisor has any demonstrable reason to access such information.

Explanation:

When security measures are introduced in information system access in an organisation, an individual is limited to only a defined set of data.

Access to data outside one's normal job role requires a request for addition of such access.

In the given instance Northwestern Data Systems has adopted a new organizational approach that ensures employees have access to the only data they need.

Stacy, an administrative assistant requests a report regarding disciplinary action on a manager outside her department.

She will not be able to get it because she should normally not be able to discipline a manager.

So she can't access it because neither she nor her supervisor has any demonstrable reason to access such information.

3 0
2 years ago
Based on your understanding of the relationship between relative inflation rates and exchange rates, identify whether the preced
lys-0071 [83]

Answer:

b.the statement is invalid because the nominal

Explanation:

pa brainliest po

6 0
1 year ago
An internal control system consists of all policies and procedures used to protect assets, ensure reliable accounting, promote e
GenaCL600 [577]

Answer:

Explanation:

1. True

Separation of record keeping for assets from custody over assets in custody over assets reduces theft and fraud . except in a case of collusion.

Fraud and theft of assets can be easily perpetrated and covered up when an individual combines the role.

2. False

Internal control focuses more on the internal operation of an organization rather than the external. Even though it can still be of impact in checking the excesses of external parties like the government agencies , but that is not its primary objective

3.True

Internal control's main objectives can be best accomplished when there is an operational system with managerial policies that protect waste , fraud and theft , being the major factors targeted to control

4.False

Separating the responsibility for a transaction between two or more individuals or departments is a major way of preventing creation of fictitious invoices and payment as it could have easily be detected if different individuals are involved in approval and payment of invoices.

7 0
3 years ago
Quality improvement teams are groups of people from various work areas who define, analyze, and solve common production problems
pantera1 [17]

Answer: True

Explanation:

The quality improvement teams are groups of employees that are from various departments who come together and meet regularly in order to define, analyze, and then solve common production problems.

The aim of the quality improvement team is to improve the production process. This is achievable by them working on their methods.

4 0
3 years ago
Jill took ​$50 comma 000 that she had in savings and started her own business. If left in investments she would have earned ​$5
dmitriy555 [2]

Answer:

$140,000 and $195,000

Explanation:

The computations are shown below:

Accounting cost would be

= Jill salary +  material and other labor costs +  Insurance and mortgage payment

= $40,000 + $80,000 + $20,000

= $140,000

The economic cost would be

= Accounting cost + investment left + loss in salary + loss in rent

= $140,000 + $5,000 + $30,000 + $20,000

= $195,000

The loss in salary would be

= $70,000 - $40,000

= $30,000

The loss in rent would be

= $40,000 - $20,000

= $20,000

4 0
2 years ago
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