Answer:
A decrease in military investment by the government, with the aim of lowering public spending, would in turn mean a decrease in aggregate demand, as less money would be inserted into society, which would reduce outputs and, due to the reduction in demand, it would also reduce inflation.
Public expenditure, in economy, indicates the complex of money of public origin that is used by the government in public goods and/or public services aimed at pursuing public purposes, such as military expenditures for national defense. These are therefore the outputs by the government and therefore an item of liabilities within the national budget, the coverage of which is necessarily entrusted to taxation on taxpaying citizens or public debt. If public expenditure is not adequately covered by the revenue of a non-sovereign state (e.g. taxation), it enters a typical financial situation of public deficit.
A cost incurred in the past that is not relevant to any current decision is classified as a(n): Sunk costs
This is further explained below.
<h3>What are
Sunk costs?</h3>
Generally, A cost that has already been incurred but cannot be recouped is referred to as a "sunk cost" in economics and the process of making business decisions. In contrast to sunk costs, prospective costs are future expenses that might be avoided if action is done, while sunk costs have already been incurred.
In conclusion, A cost that was incurred in the past but is not relevant to any choice that is being made at this time is considered to be a(n): Incurred expenses
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Answer:
Explanation:
Number of completed barrels = 216 + (244-216)*60%
= 233 barrels
Cost per barrel = (3245+3230)/233 = 27.8
Cost of oil shipped in pipeline = 216 * 27.8= 6003 millions
Cost of work in process ending inventory = (244-216)*60% * 27.8
= 467.04 million
Answer:
True
Explanation:
Bring your own device policy is is a policy whereby companies allow employees to use their laptops, smart phones, tablets and the likes for official purposes. It is mostly used by small scale firm who can't afford to get all of these gadgets for their workers. Separating of private data and business data included in the acceptance component will help to maintain confidentiality of company's files that are on the employee's device.
