1. The overall benefits of administrative regulations often exceed their costs. True or False?
True.
Administrative regulations provide the levers for decision making and provide the clarity. Absence/ limited administrative regulations would often lead to self-centered and selfish decision making by the individuals which may not align with the organization's objectives.
While there is a cost of administrating and regulating, however, that is insignificant compared to potential chaos and degeneration in absence of it.
1. The overall benefits of administrative regulations often exceed their costs. True or False?
True or False: We will operate if marginal costs exceed marginal benefits.
Selling and administrative costs are period costs under both absorption and variable costing. True False
Products that create external benefits are over-consumed because the private benefits exceed the private costs under-consumed because consumers only consider the private benefits of consumption optimally consumed as long as private benefits equal private costs underconsumed because the social costs exceed the social benefits
Products that create external benefits are over-consumed because the private benefits exceed the private costs under consumed because consumers only consider the private benefits of consumption O optimally consumed as long as private benefits equal private costs underconsumed because the social costs exceed the social benefits QUESTION 23 The Coase theorem suggests that private bargains will ensure the efficiency of markets even when externalities exist O but only in the presence of government regulation if consumers have more information regarding...
Many employees view retirement plan benefits and employee benefits as part of their overall compensation package. True False
Equivalent units may never exceed total units. True False
Equivalent units may never exceed total units. True or False?
Interest rates charged by pawnshops, title loan companies, and payday loan companies often far exceed the cost of borrowing on a credit card. True False
Goodwill is amortized over a useful life not to exceed 40 years. True False
Hedge funds are subject to the same regulations and disclosure requirements as mutual funds. True False