The cost-benefit principle states that

Answers

Answer 1

Answer:

Explanation:Cost Benefit Principle is an accounting principle and it states that, "the cost of providing financial information in the financial statements must not outweigh the benefit of that information to the users". It can also be referred to as

cost benefit relationship and it simply says that no financial information is free.

Answer 2

Answer: that the cost of providing financial information in the financial statements must not outweigh the benefit of that information to the users.

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Management generally resists allowing employees to manage their own workflow because it decreases their motiviation. True or false
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When a negative externality exists, the private market produces A. products at a high opportunity cost. B. products at a low opportunity cost. C. more than the economically efficient output level. D. less than the economically efficient output level.

Answers

Answer:

: The correct answer is the letter c. “More than the economically efficient output level”.

Explanation:

An externality happens when activities of one economic agent affect the activities of another economic agent, in a way that is not reflected in prices. When there is externality, the price of a good does not reflect its social value, that is, companies can produce excessive or insufficient quantities, making the market inefficient. Negative externality concerns, for example, when a company has a higher production generating externality in the production of another company, that is, negatively affecting the production of this company. Thus, the output of the company that generated negative externality is higher than it should be. One solution to this problem is to tax the company that generates externality.

Final answer:

A negative externality leads to the private market producing more than the economically efficient output level.

Explanation:

When a negative externality exists, the private market produces more than the economically efficient output level. This is because negative externalities, such as pollution, lead to social costs that are not considered by the private market. As a result, production levels exceed the socially optimal level, leading to inefficiency in resource allocation.

Learn more about Negative externality here:

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Insurance is a financial service that allows aconsumer to transfer all risk to a company.
company to control finances for a consumer.
consumer to share liability with a company.
company to maximize risk for a consumer.

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Insurance is a financial service that allows a consumer to share liability with a company.

What is insurance?

Insurance can be defined as an insurance coverage that help to cover costs incase of unforeseen circumstance thereby saving cost.

Insurance company makes it possible for consumer that are under an insurance coverage to share liability with a company incase of unforeseen circumstance.

Inconclusion Insurance is a financial service that allows a consumer to share liability with a company.

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Answer:

Explanation:

13 ___________ is associated with success for managers and salespeople.

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Extroversion is associated with success for managers and salespeople. If you are extroverted, and know your way around people, you will be more likely to be successful when it comes to these kinds of jobs.

The growth of the stock market led people to ___________________.a. feel confident about the economy
c. avoid investments
b. worry about the economy
d. none of the above

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The answer is a. feel confident about the economy

The growth of American stock markets for example mean there's a lot of investments come for the business development in the United States

This goes along with the increase in national income, tax income, and the number of jobless citizens will be reduced

How does the market price of a good in a monopoly market compare with the market price of the same good in a perfectly competitive market?

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In a monopoly, prices are usually higher because there's no competition, whereas in a competitive market items that are not priced accordingly may never sell. For example, if you are the only bread-maker in town you can charge whatever you want - if people want bread they have to pay your prices, period. But in a competitive market where there are 20 other bread-makers, your prices have to remain competitive with the other 20 or no one will buy your bread.

Innov Inc. manufactures electronics and home appliances for the environment-conscious buyer. It has recently launched an online crowdsourcing campaign that invites consumers to come up with any one product idea that is feasible and has good market potential. Which of the following steps of the product development process is indicated in this scenario?a. Test marketingb. Product launching
c. Commercialization
d. Idea development
e. Idea screening

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Answer:

d. Idea development

Explanation:

Based on the information provided within the question it seems that Innov Inc. is in the Idea development process of product development. This is the process of coming up with different designs for feasible products that may be profitable and worth while for the company. These ideas then go into the screening process where the best ideas are chosen to be produced.

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Comparing and contrasting sets of data in order to rank them and make a decision best defines _____.a. personal information b. evaluation c. career information d. personal career profile