Answer:
The correct answer is option A.
Explanation:
The federal reserve system plays several functions that are crucial for the working of the economy. It regulates the supply of money in the economy. It issues currency and controls the flow of currency in the market.
The federal reserve system also acts as the banker for the government and bankers for commercial banks. It acts as the lender of last resort for commercial banks. It also provides payment clearing systems.
The federal reserve system though does not accept deposits or extend loans to small lenders. The function of accepting deposits and extending loans is played by commercial banks.
A pharmaceutical industry is most likely to be a natural monopoly
<h3>What are natural Monopoly?</h3>
A natural monopoly is a type of market that is established on a large scale basis.
It is mostly managed by an individual because of the running cost and the industry will supply goods related to them.
Therefore, A pharmaceutical industry is most likely to be a natural monopoly
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Answer:
d. $2.00 $1.60
Explanation:
The unit production costs for July are calculated as
Total Cost Calculation
Materials = $6400 + $54000 = $60,400
Conversion Costs = $2600 + $35000 = $37,600
Cost per equivalent unit
Materials = $60,400 ÷ 30,200 units =$2.00
Conversion Costs = $37,600 ÷ 23500 units =$1.60
Answer: 2. The actually cost for direct materials and direct labor and estimate cost of overhead.
Explanation: JOB ORDER COSTING or job costing is a system for assigning and accumulating manufacturing costs of individuals unit of output. This system is used when the various items produced are sufficiently different from each other and each having a significant cost. (Like when a company's output consists of continuous flows of identical, low-cost units, the process costing system is more appropriate.)
Authority or chain of command is the responsibility for certain activity including the rights to make decisions, take action and give orders.
Explanation:
Authority is the manager's formal right to make decisions, issue orders and allocate resources to the desired outcomes of the organization.
Delegation improves the flexibility to meet customers needs and to adapt to competitive environment.
There are three types of authority they are line authority, Functional authority and staff authority. The management process performs tasks like goals of planning, organizing, directing and controlling.
They are commonly referred to as the second part of organizational structure.