Department is related to organization as employee is related to what

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Answer 1

Answer: I would say that the answer to this question is most likely staff. Just as departments are subdivisions and part of a larger organization, employees are part of a larger staff or workforce.

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The revenue recognition principle dictates that revenue should be recognized in the accounting records:a. when cash is received
b. in the period that income taxes are paid
c. when it is earned.
d. at the end of the month.

Answers

C. When it is earned. The revenue recognition principle is one of the basic concepts of accounting. It is the principle behind the accrual method of accounting and matching principle. Revenue recognition states that revenue is recorded when they are realized, realizable or earned. Normally, it is when the goods have already been delivered or when the service has already been rendered regardless of when the cash is received.

Blank______ constrain a firm's ability to export its products by raising the price of the exported product, which could put the firm at a competitive disadvantage with domestic firms in that country. Multiple choice question

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The answer would be Tariff barriers

Wonder Coffee is a chain of coffee serving outlets and specializes in selling different flavors of coffee. The increase in the price of sugar does not affect Wonder Coffee's coffee prices very much and sales continue at their usual level. Identify the type of demand in this scenario. a. Fluctuating demand O b. Joint demand O c. Inclastic demand O d. Elastic demand

Answers

Answer:

c. Inelastic demand

Explanation:

Inelastic demand means that the quantity ordered on a product is not affected by changes in price. The demand is relatively constant regardless of a change in price.

Coffee and sugar are complementary goods. Usually, price fluctuation in one of them should affect the demand of the other. In this case, changes in sugar prices have not affected the demand for coffee. If price changes do not affect demand, then the product has inelastic demand.

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