Answer:
an economy is capable of sustaining or producing without generating higher inflation.
Explanation:
In simple words, potential economy refers to that level of output or GDP that an economy can produce and sustain over along term with its given level of inflation and resources available.
Potential income has to be maintained over a long term and is based on the assumption that all of the resources available, whether human or natural, will be utilized as according to their maximum utility power.
Answer:
The answer is true.
Explanation:
The managerial accounting must do:
-planning and desition support.
For example, fully absorbed and incremental costing, adaptive operation and cost-based planning, product process channel and customer strategic adaptatios, enterprise optimization.
-Performance evaluation and analysis.
Assessment of current strategy and plans, integrated cost operational performance measures, profitability reporting, process analysis.
Answer and Explanation:
The categorization is as follows:
For Poor Mission Statements:
1. Lists all or all kinds of the products the organization sells
2. is product-oriented
3. is very broad or wide
4. is less or lower than seven words
For Good Mission Statements:
1. Addresses customers the organization serves
2. Is meaningful and relevant
3. Is specific and determined
4. Describes the business the organization is in
5. is market-oriented
6. States what the organization wants to accomplish or achieve
B. An airline
They sell you a service of fly with the company.
The others sell you goods.
Answer:
The planning function of management includes establishing goals and standards, developing rules and procedures, and developing plans and forecasting
Explanation:
Planning is the function of management that involves setting objectives and determining a course of action for achieving those objectives.
