Answer:
Trust
Explanation:
A free-market system is one which is dependent on demand and supply with little or no government intervention or control. This type of market system requires the ethical behavior of trust to keep the market system working.
Cheers.
Answer:
political interference in decision making, costly and inefficient use of public resources
Answer:
Point C
<em>Diagram is available online but cannot be imported due to its format</em>
Explanation:
A reduction in the cost of inputs means that suppliers will avail more fish in the market. An increase in supply caused by other factors other than price shifts the supply to the right. A shift of the supply curve outwards or the right makes the equilibrium point to move to capture an increase in supply.
In the diagram, the new equilibrium point will be at point C. The supply will increase due to a reduction in input costs.
The private sector has sometimes been forced to change accounting standards because the <u>A) SEC </u>did not agree with a particular standard issued by the private sector.
<h3>Who is authorized to set accounting standards for companies?</h3>
The Securities and Exchange Commission (SEC) owns the authority to set accounting standards for companies.
The SEC has delegated this task to the private sector, represented by the Financial Accounting Standards Board (FASB), which is now the authoritative source of U.S. Generally Accepted Accounting Principles (GAAP).
The FASB is an independent non-profit organization that sets accounting and financial reporting standards for the private sector.
The SEC continues to release rules and interpretations on accounting standards.
Thus, if the SEC does not agree with a particular standard issued by the private sector, it can force a change.
Learn more about the SEC and Accounting Standards at brainly.com/question/14457100
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Answer:
The lease should be classified as a Finance or Capital Lease.
Explanation:
For Sans Serif to recognize a lease arrangement as a Capital Lease, the lease term will take up a significant part of the asset’s useful economic life, among other conditions. In this case, the economic life of the asset is six years, and the lease term lasts six years. This lease cannot be classified as an operating lease, with the lease payments treated as an expense instead of as a repayment of a liability for a recognized asset.