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2 years ago

In a competitive market, no single producer can influence the market price because:

Business

1 answer:

AURORKA [14]2 years ago

8 0

Answer:

many other sellers are offering a product that is essentially identical.

Explanation:

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Inflation can decrease _____, which reduces the amount of goods and services a person can afford

PtichkaEL [24]

Inflation is the situation in which the same amount of money is worth less- meaning that it will have less purchasing power (so one can buy less for 100 dollars now than 10 years ago) - the correct answer is "purchasing power". Lower purchasing power reduces the number of goods that people can afford.

7 0

3 years ago

Read 2 more answers

Bill McDermott is the CEO of SAP, which is a company that sells expensive enterprise resource planning software to large and mid

KonstantinChe [14]

Answer:

corporate

Explanation:

Corporate level of an organisation involves the whole organisation. The organisation is made up of business units and product lines.

So when one functions at the corporate level he is responsible for all aspects of the business.

In this instance Bill McDermott is the CEO of SAP is in charge of all departments and production lines of the company.

On the other hand functional level deals with a particular department within the organisation. For example human resources, operations, and so on.

3 0

3 years ago

Wildhorse Company provides the following information about its defined benefit pension plan for the year 2017.

GrogVix [38]

Answer:

Pension Expense = $104,730

(See explanation for worksheet)

Explanation:

Pension worksheet inserting January 1, 2017, balances, showing December 31, 2017.

Computation of pension expense:

Service cost ------------------------------------ $91,100

Interest cost ($694,300 x 10%) --------- $69,430

Expected return on plan assets ------ ($65,100)

Prior service cost amortization ----------- $9,400

Pension expense for 2017 is then calculated by:

Service Cost + Interest Cost + Prior Service Cost Amortization - Expected Return on Plan Assets

Pension Expense = $91,000 + $69,430 + $9,400 - $65,100

Pension Expense = $104,730

4 0

3 years ago

What is the most important difference between a corporation and all other organizational forms?

babunello [35]

Answer:

Separate legal entity and taxation process

Explanation:

In a corporation, unlike in other forms of business, the owners and business are treated separately under the law. This principle is referred to as separate legal entity concept.

So for any contracts or deals entered into by a corporation, the owners cannot be held personally liable or asked to make good the losses incurred due to entering into those contracts unless of course if owners acted with mala fide intentions to earn personal profits. In short, owners personal assets cannot be taken away.

Secondly, the taxation slab applicable to corporations is also different in the sense corporations pay taxes on dividend paid. Secondly, when such dividend forms part of the revenue of shareholders, tax is again paid on that dividend income, this time by the shareholder. So in a way, shareholders get taxed twice, since in the first case, the company paying dividend recovers the tax on dividend paid from shareholders. This is referred to double taxation.

4 0

3 years ago

Ownership concentration is determined by both:________ a. the number of outside directors and total percentage of shares they ow

Inessa [10]

Answer:

Explanation:

Ownership concentration refers to the internal governance mechanism where the owners of the company/firm/business (shareholders) can control and thus influence the direction that the company takes in order to protect their own interests. Therefore the ownership concentration is determined by both the number of stockholders and the parties they represent.

6 0

3 years ago