Although they have been paid, prepaid expenses have not yet been reported as such.
Prepaid expenses are ones that have already been paid for but have not yet been reported as such by a business. To put it another way, prepaid expenses are costs that are paid in one accounting period but won't be recorded until a subsequent accounting period. Because they will have future economic benefits and will be expensed when those benefits materialize, prepaid expenses are initially reported as assets (the matching principle).
Referring to the first instance of prepaid rent, a company's financial statements are unaffected by the initial journal entry for a prepaid expense. Prepaid rent is debited in the first journal entry and cash is credited accounting period.
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which description best fits the adhocracy organizational culture? multiple choice question. best suited to companies that have established a stable market driven by competition and a strong desire to deliver results, productivity, and profits adaptable, creative, and quick to respond to marketplace changes structured work environment aimed at achieving effectiveness and efficiency
It basically comes down to compatibility between an employee and an organization; it's about how well a candidate's personal convictions and ethical standards line up with the goals, principles, and culture of your business.
Which of the following descriptions of corporate culture is accurate?
There is typically just one dominant type of culture in organizations. Organizations may have subcultures, but they often have a single dominant culture rather than multiple. The company's principles and ideas are reflected in the dominant culture.
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the marginal propensity to consume is: group of answer choices total consumption in a given period divided by total disposable income the fraction of each additional dollar of disposable income spent on consumption the percentage of total disposable income spent on consumption that part of the consumer dollar that goes to the purchase of investment goods
The percentage of every additional dollar of disposable income spent on consuming is known as the marginal propensity to consume. Here option B is correct answer.
The marginal propensity to consume (MPC) is a concept used in economics to describe the portion of a customer's overall income rise that they spend on spending rather than saving.
The marginal propensity to consume (MPC) index measures the proportional increase in spending that occurs with income growth. It quantifies the portion of additional income that is spent on consumption as opposed to savings, to put it another way. The Keynesian economic theory uses MPS most commonly.
MPS is simply calculated as the difference between the observed change in income and the observed change in savings. A consumer's marginal propensity to save (MPS), in accordance with Keynesian economic theory, is the portion of an increase in overall income that they decide to save as opposed to spending on goods and services.
Complete question:
The marginal propensity to consume is:
A - Total consumption in a given period divided by total disposable income
B - The fraction of each additional dollar of disposable income spent on consumption
C - The percentage of total disposable income spent on consumption that part of
D - the consumer dollar that goes to the purchase of investment goods
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redesign the process so that it can achieve the desired output. b use an alternative process that can achieve the desired output c retain the current process but attempt to eliminate unacceptable output using 100% inspection d see whether specs could be relaxed without adversely affecting customer satisfaction. e all of the above
If the process is in control but not capable, I will redesign the process so that it can achieve the desired output.
Following the creation of strategies and plans, management's main task is to take action to see that they are carried out or, if circumstances call for it, amended. This is the primary management characteristic of redesign and control. Because management often involves guiding the actions of others, a key component of the control function is making sure other people carry out the necessary tasks.
Process redesign is a strategy for ensuring that a certain collection of interconnected tasks is carried out accurately and as effectively as possible. The management literature is replete with advice on how to improve manipulation. An overview of a few different types of dimensions and feedback procedures is typically included in this advice.
Complete Question
if the process is in control but not capable, what would you do? a redesign of the process so that it can achieve the desired output. b use an alternative process that can achieve the desired output c retain the current process but attempt to eliminate unacceptable output using 100% inspection d see whether specs could be relaxed without adversely affecting customer satisfaction. e all of the above.
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Organizational, budgetary, and administrative functions of national parties are the responsibility of.
Organizational, budgetary, and administrative functions of national parties are the responsibility of national parties' committees.
They could make coordinated party expenses on behalf of House, Senate and presidential nominees. Moreover, they've better limits at the contributions they boost than different committees. A political national party is a corporation that coordinates applicants to compete in a specific country's elections. It is not unusual place for the contributors of a celebration to maintain comparable thoughts approximately politics, and events can also additionally sell precise ideological or coverage goals.
Functions of political events Competitive elections.
Political events compete in elections to win a majority and shape a government.Policies and programs. Law making.Create and run a government. Role of the Opposition.Formation of Public Opinion.Learn more about expenses here:
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Medicare and social security are mandatory spending categories funded by which type of taxes that are withheld from your paycheck?.
Medicare and social security are mandatory spending categories funded by FICA taxes that are withheld from your paycheck.
A tax is a obligatory financial fee or a few different kind of levy imposed on a taxpayer with the aid of a governmental organization that allows you to fund authorities spending and diverse public prices
Taxes are mandatory contributions levied on individuals or businesses through a central authority entity—whether or not nearby, local, or national. Tax sales finance government sports, consisting of public works and services consisting of roads and colleges, or applications including Social protection and Medicare.
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keatts company's bank statement included a nsf check written by one of its customers. what effect will recognizing the nsf check have on the company's financial statements?
Checks returned for insufficient funds (NSF) are noted on the bank reconciliation financial statement as an amended book balance line item, with the NSF amount subtracted from its balance.
To determine the genuine cash amount, the unadjusted book balance is subtracted. The NSF check should be deducted from the unadjusted book balance to get the true cash balance because the company was unaware of it before receiving the bank financial statement. The depositor receives their check back from the bank, and the amount is taken out of their account. Therefore, on the bank reconciliation, NSF checks must be deducted from the company's book balance.
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tops n bottoms corporation reported sales for 2022 of $50 million. tops n bottoms listed $4 million of inventory on its balance sheet. using a 365-day year, how many days did tops n bottoms' inventory stay on the premises? how many times per year did tops n bottoms' inventory turnover? multiple choice 29.2 days, 12.5 times, respectively 12.5 days, 29.2 times, respectively 0.08 days, 12.5 times, respectively 29.2 days, 0.0345 times, respectively
Inventory turnover reveals how quickly a company's inventory changes hands. Inventory that moves quickly has a high inventory turnover. A company might decrease its need for working capital by boosting inventory turnover.
Inventory Turnover= (Value of Inventory/Sales)*365
=($4million/ $50 million)*365
=29.20 days
Inventory Turnover= Sales/ Inventory
= $50 million/$4million
= 12.50
Inventory turnover measures how quickly stock is sold, used and replaced. The cost of products is divided by the average inventory for the same time period to determine the inventory turnover ratio. Higher ratios typically indicate robust sales, while lower ones indicate dismal sales.
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we all know there are lots of no-good, lying, dishonest politicians who have no real-world business experience. many of them can't even understand simple supply and demand concepts that are taught in microeconomics. yet many of them will say anything or do anything to get elected because they are simply power-hungry and love the money that flows in from special interest groups that will make them rich. when a politician like this puts their own interests ahead of the voters, then what do we call this in economics?
The quantity of a good, service, or commodity that is offered and the demand for it are factors that affect its price.
Describe how supply and demand work?The quantity of a good, service, or commodity that is offered and the demand for it are factors that affect its price.Two fundamental economic theories are combined in the law of supply and demand to explain how changes in the price of a resource, good, or service impact its supply and demand. Supply grows as the price rises, but demand drops. In contrast, as the price falls, supply is constrained and demand is increased.Demand is the market's desire to buy the good or service, whereas supply is the market's capacity to produce the commodity or service.The economic interaction between the sellers and the consumers of various goods is governed by the law of supply and demand.To learn more about supply and demand refer to:
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the deliberate floating on funds between two or more bank accounts in order to make it appear that more cash is present than is really the case is called
Check kiting is the purposeful transfer of money between two or more bank accounts to give the impression that there is more cash on hand than there actually is.
Elaborate on check kiting.A type of check fraud called check kiting or cheque kiting (see spelling variations) involves using fictitious cash from a checking or other bank account by taking advantage of the float. Checks are abused in this way to get unlawful credit instead of being utilized as a negotiable instrument.
The term "kiting" refers to the deliberate writing of a check from an account in one bank for a sum greater than the account balance, followed by the writing of a check from an account in another bank with insufficient funds, the second check being used to cover the insufficient funds from the first account. Check kiting is the practice of artificially inflating a checking account's balance to enable the clearing of written checks that would otherwise bounce. Paper hanging is the slang term for fraud that occurs when there are no plans to replenish the account. Playing the float refers to making a cheque with inadequate funds with the idea that the funds will be available by payday.
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1) the index number representing the price level changes from 110 to 115 in one year, and then from 115 to 120 the next year. since the index number increases by five each year, is five the inflation rate each year? is the inflation rate the same each year? explain your answer.
No. The inflation rate is the percentage change in the price index rather than the number of points changed. In the example, the first-year inflation rate is (115 - 110)/110 = 4.55%. The second-year inflation rate is (120 - 115)/115 = 4.35%.
What is inflation rate?Inflation is defined as an increase in the price of goods and services purchased by households. The rate of change in those prices is used to calculate it. Prices typically rise over time, but they can also fall (a situation called deflation). Consumer prices rose 9.1 percent in the fiscal year ending June 2022, the highest increase in 40 years: U.S. Bureau of Labor Statistics: The Economics Daily According to U.S. Labor Department data published on October 13, the annual inflation rate in the United States is 8.2% for the 12 months ended September 2022, up from 8.3% previously. The next inflation report is scheduled for November 10 at 8:30 a.m. ET.To learn more about inflation rate, refer to:
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during arnold and co.'s most recent fiscal year, the income tax payable account had a beginning balance of $42,500. at the end of the year, the income tax payable account still reported a balance of $42,500. the income statement showed income tax expense of $170,000. how much cash was paid for income tax during the year?
$0 was paid for income taxes during the year.
What is income taxes?
An income tax is a tax imposed on individuals or businesses (taxpayers) based on their income or profits. In most cases, income tax is calculated as the product of a tax rate multiplied by the taxable income. Taxation rates may differ depending on the taxpayer's characteristics as well as the type of income. The tax rate may rise as taxable income rises. Corporate tax is a type of tax levied on businesses that is typically levied at a flat rate. Individual income is frequently taxed at progressive rates, with the tax rate increasing with each extra item of income. The majority of states exempt local charitable organisations from taxation. Investment income may be taxed at a different rate than other kinds of income.
The income tax payable account had a beginning balance of $42,500, and at the end of the year, the income tax payable account still reported a balance of $42,500. The income statement showed income tax expense of $170,000.
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What is the mathematical formula that you would use to describe the financial activity on a bank statement?
The mathematical formula that you would use to describe the financial activity on a bank statement is: ending balance = previous balance + deposits- withdrawals.
What is bank statement?Bank statement can be defined as the statement that help to show the transactions that happens in your accounts on a daily basis.
The transactions shown in your bank statement are the amount you withdraw and the amount you deposited which why a bank statement often has both a debit and a credit side.
Therefore we can conclude that the formula help to summarize the financial activity that take place in your account.
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The mathematical formula that will use to describe the financial activity on a bank statement is: Ending balance = previous balance + deposits- withdrawals.
What is a bank statement?A bank statement is a list of all transactions of money of a person. It contains the amount of money a person deposits and the amount of money he withdraws. It contains the dates and times of deposition and withdrawal.
The money that is withdrawn is debited money, and the money deposit is credit money.
Therefore, the mathematical formula is ending balance = previous balance + deposits- withdrawals.
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suppose the median household earned $9,243 in 1976 and $52,765 in 2016. during that time, also suppose the cpi rose from 48.2 to 214.68. instructions: round your answers to one decimal place. a. the total growth rate in nominal median household income from 1976 to 2016 was: %. b. the total growth rate in real median household income from 1976 to 2016 was:
The overall nominal growth rate is 469.40%, whereas the actual growth rate is 28.5%. The concept of nominal growth rate describes how an economy is rated in terms of production, which includes determining current prices.
Real growth rates also consider the actual advancement a nation has made over a period of time.
a) The nominal growth rate overall
= [1 - ((Earned Income in 1976 / Earned Income in 2016)] x 100%
= [(52,624 / 9,242) - 1] x 100%
= 469.40%
=$9243/0.482=19176.3
=$52765/2.14=24656.5
Total Growth Rate=[(24656.5/19176.3)-1]x 100
=28.5
b) Rate of overall real growth = [(2016 Real Earned Income / 1976 Real Earned Income) - 1] * 100%
But,
Actual earnings in 1976
= 1976 CPI / 1976
Earned Income
= $9,242 / 45.06%
=$20,267.54
Actual earnings in 2016
= 2016 earned income / 2016 CPI
= $52,624 / 219.75%
=$20,267.54
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as a financial coach, your client is retiring today with $812365 in retirement savings. you have worked with her to invest that money in a stable account paying a guaranteed rate of 9.1 percent. she will need to make ordinary withdrawals over the expected 135 months of her remaining life. your client is an only child and has no living family members. she has already paid for her funeral and now plans to withdraw her money at the end of every month in equal monthly installments until her account is completely depleted. how much are her monthly payments?
Her monthly payments is $6017.52. A savings account is a simple type of financial product that allows you to deposit funds and earn a small amount of interest.
What is savings account?A business savings account is a bank account where you can save money for future business needs. When you need money, you can get it quickly and easily from your savings account. Depending on your bank, you can choose from a variety of savings accounts. A savings account is a simple type of financial product that allows you to deposit funds and earn a small amount of interest. These accounts are federally insured up to $250,000 per account owner and provide a secure place for your money to grow while earning interest.Business savings accounts can be used for a variety of purposes, including saving for unexpected or planned expenses, earning interest, preventing overdrafts, and increasing security measures. Minimum balances and opportunity costs may apply to business savings accounts.To learn more about savings account, refer to:
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which of the following best describes corporate governance? a. understanding the difference between right and wrong b. what is permitted under the law c. the system of policies, processes, laws, and regulations that affect the way a company is directed and controlled d. the moral quality, fitness, or propriety of a course of action that can injure or benefit people
c. the system of policies, processes, laws, and regulations that affect the way a company is directed and controlled
Which of these stores uses a fulfillment center? A: 7-11 B: Dunkin' Donuts C: Amazon D: Comet Dry Cleaner
Amazon uses a fulfillment center. Thus, option C is correct.
What is a fulfillment center?The order fulfillment center is typically seen as the customer of packaging, receptacles, or sections of canisters it employs to maintain, safeguard, and contain the products which it packages, loads, or sends to the representative of the product seller.
Organizations can subcontract purchase processing to Amazon using the Logistics by Amazon service. Manufacturers transport their goods to Amazon distribution centers, where we choose, package, and ship orders whenever customers make purchases.
Therefore, option C is the correct option.
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In the ________ activity of scm, supply chain managers schedule the activities necessary for production, testing, packaging, and preparation for delivery.
In the Supply chain management activity of scm, supply chain managers schedule the activities necessary for production, testing, packaging, and preparation for delivery.
Supply chain control (SCM) is oversight and control of all the sports required for a agency to convert uncooked materials into finished products which might be then sold to cease-customers.
SCM offers centralized manipulate for the planning, layout, production, inventory, and distribution levels required to provide and sell a employer's merchandise.
A purpose of deliver chain control is to enhance efficiency by using coordinating the efforts of the various entities inside the supply chain. this will bring about a employer reaching a competitive benefit over its opponents and improving the quality of the goods it produces, each of which
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what were business practices employed by the titans of industry in the late 1800s? responses developing international cartels and lowering tariffs developing international cartels and lowering tariffs building monopolies and forming trusts building monopolies and forming trusts standardizing production and regenerating crafts standardizing production and regenerating crafts integrating vertically and increasing competition
Business practices employed by the Titans of industry in the late 1800s, is building monopolies and forming trusts. So, the correct answer is (b).
A monopoly is a market framework where one manufacturer or seller controls a significant amount of influence within a particular market. Monopolies are forbidden in unrestricted economies as they limit customer alternatives and impede competitiveness.
Monopolies have the ability to establish prices and erect impediments to entry for competing companies. Companies could become monopolies by consolidating their businesses to control the entire distribution network from manufacturing to sales, or by acquiring rival businesses and becoming the sole producer.
During 1800s, most of the Titans of the industries were employing the business practice of forming monopolies so that there will be no one to compete as well as forming trusts.
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a portfolio business that generates operating cash flows over and above internal requirements, thereby providing financial resources that may be used to finance new acquisitions, fund share buyback programs, or pay dividends, is commonly called a multiple choice cash hog. cash cow. star business. question mark. cash dog.
A cash cow is a portfolio business that generates operating cash flows over and above internal requirements, thereby providing financial resources that may be used to finance new acquisitions, fund share buyback programs, or pay dividends.
What is portfolio?
A portfolio is a group of financial investments such as stocks, bonds, commodity markets, cash, and cash equivalents, which may include closed-end funds and exchange traded funds (ETFs). People commonly believe that stocks, securities, and cash form the foundation of a portfolio. While this is frequently the case, it does not have to be the rule. A portfolio may include a diverse range of assets, such as real estate, art, and investments.
You can hold and manage your portfolio a do, or you can have it managed by a money manager, money manager, or another finance professional.
Therefore, the correct option is (B) cash cow
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_________ is a communication standard that enables business partners to exchange routine documents, such as purchase orders, electronically.
Electronic Data Interchange (EDI) is a communication standard that enables business partners to exchange routine documents.
Electronic data interchange (EDI) refers to the idea of organizations electronically exchanging information such as purchase requisitions and invoices, documents that was previously conveyed on paper. To enable parties to transact such instruments without the need for specific arrangements, technical specifications for EDI exist. There are numerous EDI specifications, some of which cater to the demands of certain industries or geographical areas, and EDI has been around at most since the early 1970s. Additionally, it explicitly alludes to a set of guidelines. EDI can be summed up as the automated movement of structured data between computer systems using pre-established message standards.
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yazou, inc. has property that has become outdated, but still has some value. if yazou wants to recognize the loss associated with the outdated property, it should:
For tax purposes, a corporation that distributes property that has increased in value will treat the distribution as if it had sold the property to the shareholder at its fair market value.
However, the corporation does not suffer any losses from the distribution of property whose value has decreased.
The S Corporation gain is distributed to all S Corporation shareholders based on their share ownership percentage when appreciated property is distributed to a single shareholder. This gain could come from capital or regular income.
How is gain or loss on liquidation calculated?This is determined by starting with the higher of the carrying amount of liabilities assumed by shareholders or the fair market value (FMV) of the distributed assets. After that, deduct the assets' adjusted tax basis. The gain or loss to be acknowledged is your response.
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suppose you win the lottery with a jackpot of $30 million. but that's $30 million if you wait 25 years to get your payout. what is the value you could get today if the interest rate is 7%? group of answer choices $1,200,000 $5,527,475.33 $162,822,979.20 $6,236,094.54
The value that can be received today is $5,527,475.33 if the interest rate is 7%.
The value that can be received today if the interest rate is 7% can be calculated by using the formula for compound interest. This formula can be given as;
A = P (1 + r/n)^nt
Here, A represents the final amount, P represents the initial balance (which we have to find in this case), r represents the interest rate, n illustrates the number of times interest applied per time period and t represents the number of time periods elapsed.
Now by substituting the given values, we can find the value that can be received today as follows;
A = P (1 + r/n)^nt
30,000,000 = P (1 + 0.07/1)^25×1
30,000,000 = P (1 + 0.07)^25
30,000,000 = P (1.07)^25
P = 30,000,000 ÷ (1.07)^25
P = 5,527,475.33
Therefore, the value that can be received today is calculated to be $5,527,475.33
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What is promotion?
A.
It is the method of demonstrating how marketing mix can be implemented in a business.
B.
It is the method of communicating the process of buying a product.
C.
It is the method of creating awareness about a product amongst the people.
D.
It is the method of informing customers about the functions of marketing.
Answer: It is the method of creating awareness about a product amongst the people.
Explanation:
the extent to which the demand for a good changes when the price of a substitute or complement changes, other things remaining the same, is measured as the:
The Cross elasticity of demand is a measurement of how much a good's demand changes when the price of a substitute or complement changes while other factors stay constant.
Explain the concept of Cross elasticity of demand?How responsively people buy more of one commodity when the price of another good rises is measured by an economic concept known the cross elasticity of demand. This statistic, which is also known as cross-price elasticity of demand, is determined by dividing the percentage change in the quantity demanded of one commodity by the percentage change in its price.
How the price of one of the commodities affects the demand for the other is examined by the cross elasticity of demand. It serves as an example of how the relative shift in demand for one good changes as the price of the other rises or falls. Products with no alternatives can command higher prices since there is no cross-elasticity of demand to take into account.
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the consequences of legislation enacted to cancel budget authority previously provided by congress before the time when the authority would otherwise lapse (i.e., cease to be available for obligation) is called: group of answer choices
In legislature, any consequences of legislation enacted to cancel budget authority previously provided by Congress before the time when the authority would otherwise lapse is called a rescission.
What do we need to understand about rescission?In legal term, a rescission refers to when a contract is rendered null and void, and so is no longer recognized as legally binding. As such, the ruling courts can free the non-liable parties from their agreed obligations and will effectively seek to restore them to the position they were in before the contract was signed.
In contract law, a rescission can always occur when there is a material error in the contract, evidence of fraud, a lack of legal or mental capacity as well as other applicable circumstances.
In a typical court, the rescission is seen as an equitable remedy and is discretionary and a synonym for termination at law. A ruling court may decline to rescind a contract if one party has affirmed the contract by his action or a third party has acquired some rights or there has been substantial performance in implementing the contract.
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Renters insurance is insurance that covers what?
A: The cost of rebuilding the home
B: The cost of the rental payments for two years.
C: The cost of replacing the home or apartment
D: The loss of a renter's possessions
Renters insurance is insurance that covers D: The loss of a renter's possessions.
What is Renters insurance?Renters insurance can be described as the form of the insurance that help in the protection of the personal property that someone has in a rented apartment.
It should be noted that this insurance is been used by the people that do use condo or home and on the long run they experience unexpected circumstances.
These circumstances can be theft, a fire or sewer backup damage however whenever this damages occur the insurance company will come around to come and inspect the damages and they will help to savage the situation, because their will be some of the charges that the person would have agreed to be paying to the insurance company which would be o some basis, for instance some of the company do accept the payment on the monthly basis, while some of the company do collect te payment on the quarter of the year.
Therefore, option D correct.
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tom wishes to purchase a property that has been valued at $300,000. he has 25% of this amount available as a cash deposit, and will require a mortgage for the remaining amount. the bank offers him a 25-year mortgage at 2% interest. calculate his monthly repayments. give your answer in dollars and cents. do not include commas or the dollar sign in your answer.
Mortgage at 2% interest in his monthly repayments for 25years as follows:
Given,
Total property value = $300000
Cash deposit rate = 25% or 0.25
Term of mortgage = 25 years
Interest rate = 2% or 0.02
Solution: -
Mortgage amount = Total property value x (1 - cash deposit rate)
= $300000 x (1 - 0.25)
= $300000 x 0.75 = $225000
Monthly interest rate (r) = 0.02/12 = 0.0016666666666667
Number of months (n) = 25 years x 12 = 300
Now,
Monthly repayment = (Mortgage amount x r) \div [1 - (1 + r)-n]
= ($225000 x 0.0016666666666667) \div [1 - (1 + 0.0016666666666667)-300
= $375 \div [1 - (1.0016666666666667)-300
= $375 \div [1 - 0.60678315291087]
= $375 \div 0.39321684708913 = $953.67
So, his monthly payment is $953.67 ANS.
Divide your hobby fee through the quantity of bills you may make that year. If you've got a 6-percentage hobby fee and you are making month-to-month bills, you will divide 0.06 through 12 to get 0.005. Multiply that quantity through your ultimate mortgage stability to discover how tons you may pay in hobby that month.
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roth company has current sales of 28,900 units and each unit sells for $130 per unit. break-even sales are 25,721 units. what is the margin of safety in dollars?
The dollar amount of the margin of safety is 413270.
A company's margin of safety is the amount of revenue it generates that is greater than its break-even point. Break-even sales are subtracted from actual sales to determine the margin of safety.
Break-even sales = 25,721 x $130 = 3343730 Margin of safety = 3757000 - 3343730 = 413270 The dollar amount of the margin of safety is 413270. Total Sales = 28,900 x $130 = 3757000.
How is the margin of safety calculated?The difference between the expected profitability and the break-even point is the margin of safety. Divide current sales by the breakeven point to arrive at the margin of safety formula.
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an accounting information system (ais) processes to provide users with . group of answer choices data; transactions information; data data; benefits data; information
To provide users with information, AIS processes data. Accounting Information System transforms data into something usable and relevant from the raw input, which is not much use to the users.
Explain about the Information?
Information about your business is data that is pertinent, valuable, or meaningful to it. Any materials that satisfy the requirements for being pertinent, valuable, or meaningful for your organization would be included, including reports, spreadsheets, metrics, regulatory reporting, web pages, documents, dashboards, etc.
Data helps business owners understand their consumers, predict client behavior patterns, spot trends, improve the quality of services they give, decrease expenses, develop new products, and more. This assistance extends from marketing and sales to HR and IT.
It is considered that accurate information helps decision-making, increases productivity, and gives the organization that has more knowledge than the competition a competitive edge.
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which of the following would be least likely to cause the production possibilities curve to shift outward? group of answer choices an invention that requires fewer resources to produce a good. a shift in consumer preferences that causes expansion in the output of one product and a decline in output of other products. an expansion in the man-made productive resources available to the economy as the result of a high rate of investment. a decreased desire for leisure by workers in the economy.
Things that alter an economy's output, like technological advancements, resource changes, increases in education or training (this is what we refer to as "human capital"), and adjustments to the labor force, generate shifts in the production possibilities curve.
South America has been one of the most dynamic places for natural gas in recent years. Ample gas supplies and rapidly expanding energy markets are found on the continent. Many nations encourage using natural gas, particularly for electricity generation, to diversify away from hydropower and oil.
An economy's production possibility curve won't move to the right due to reduced unemployment because resources won't grow.
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