Answer:
The correct answer is b. chain of command
Explanation:
A chain of command is a system of sending information characteristic of organizations with strong, vertical and authoritarian hierarchical structures, such as political-party and military organizations, where orders, rewards and penalties flow from the tip of the pyramid organizational to the base, and where it is expected that only the required information, entrusted activities and tasks flow to the top of it.
Answer:
Correct option is <u>Probable and the amount can be reasonably estimated.
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Explanation:
As per accounting standards on Contingent liabilities, any liability which is likely to be incurred and which can be estimated effectively and reliably, shall be recorded in the books.
If it is probable but cannot be estimated, then a journal entry may not be recorded, but a foot note may be made.
If contingent liability is only possible (but not probable) only a foot note is required.
If contingent liability has remote possibility of occurrence, then neither an entry to record the liability nor a footnote is required.
Answer:
Option A is a price floor, option B is binding and option C is price ceiling.
Explanation:
It is stated that the equilibrium price of a donut is $1.50.
If the government institutes a legal minimum price of $1.80 for a donut, that would be an example of price floor because the price cannot be lower than that. $1.80 is higher than $1.50 so it serves a purpose.
Option B is binding since any donut shop that wants to pay better wages is prohibited from hiring more workers.
The government prohibiting donut shops from selling a donut for more than $1.10 is an example of floor ceiling because the price can not go higher than $1.10.
I hope this answer helps.
<span>Routine which is the upkeep of a building. Preventive which is done by using a piece of equipment to get better results. Corrective which is done by fixing faulty machines or things.</span>
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