Pressure from consumer groups is encouraging some producers to develop more desirable products. The desirable products are products that take care of both the objectives are called desirable products. For example, body shop products are named desirable products because they offer short term gratification and also support the society.
Question:
Which of the following management responsibilities is the managerial accountant using in this example?
Answer:
Planning, which includes setting goals and objectives for the organization as well as determining how to accomplish those goals.
Start by analyzing how you're spending the day by logging your activities and eliminating time wasters. Then, organize everything around you and then prioritize your tasks and get the main things done without multitasking. Duncan also suggests systemizing all of your repetitive tasks.
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Answer:
As a result of the price floor, price would increase. As a result, quantity demanded will decrease and the quantity supplied would increase.
Supply would exceed demand and as a result there would be an excess supply of fish.
As an alternative to the price floor, the government can subsidise the cost of fishing. This would reduce the cost of producing fish
Explanation:
A price floor is when the government or an agency of the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.
Answer:
In 1980
Explanation:
Year Salary Percentage Salary Increase CPI Increase
1970 $12,000 - -
1980 $24,000 100 50
1990 $36,000 50 83.3
As can be seen in the table, the Professor's salary increase from 1970 to 1980 was twice as much as the CPI increase during the same period.
On the contrary, his salary increase from 1980 to 1990 was significantly less than the CPI increase during the same period.
Therefore, the professor's salary was highest in 1980.
