Taxable income is income after exclusions and deductions. The higher the taxable income, the more tax you will pay. Taxable income is usually less than total income.
Answer: Planning, organizing, leading and controlling.
Explanation: Planning refers to setting of objectives and goals. Organizing focuses on collection of resources to attain those objectives. Leading refers to persuading the employees to work on plan. Whereas, controlling refers to taking actions for effective implementation of the plan made.
Together these four terms are described as functions of management which helps an organization to achieve its goals.
Answer:
planning, organizing, leading and controlling
Explanation:
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a. True
b. False
Option A is correct. Short term goals can be set to help achieve specific long term goals. This statement is true.
Further Explanation:
Short term goals refer to the goals which the company has to achieve for a short period, maybe for six months or less than it. The company set its short term goals in accordance with the long term goals. Long term goals refer to the goals which the company has to achieve in the long term may be for one year or more than one year. For example, the company's long term goal for sales is $500,000 for one year. The company set its short term goal with respect to long term goals. So, after one year, the company has achieved its targets of $500,000.
Justification for the correct and incorrect answer:
A.
True: This option is correct.
Short term goals can be used for achieving specific long term goals. Short term goals have the path towards the long term. This statement is true.
B.
False: This option is incorrect.
This statement is not true. As explained in the above paragraph; the company set their short term goals in that manner so that their long term goals are automatically achieved.
Learn more:
1. Learn more about short term goals
2. Learn more about budgeting
3. Learn more about budget goal
Answer details:
Grade: Middle School
Subject: Accounting
Chapter: Budgeting
Keywords: short goals, specific achieved, long term goals, more than one year, more than six months, can be set, company.
Short-term goals can be set to help achieve specific long-term goals is true. Therefore, the correct option is A.
Short-term goals are basically immediate objectives that help in the overall progress of long-term goals. By dividing the long-term goals into manageable short-term goals, individuals or organizations can make an action plan to achieve them.
Short-term goal setting is a self-improvement activity that involves creating realistic targets that may be accomplished in a short amount of time. They can be used in both personal and professional settings.
Thus, the ideal selection is option A.
Learn more about Short-term goal here:
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B. E-tax returns
C. Radio programming
D. CCTV (Closed circuit TV)
Answer:
B. E-tax returns
Explanation:
E-tax returns is the electronic filing of tax returns via the internet. It entails online submission of pre-approved tax return forms available on the tax authority's website.
In recent years, governments have put measures to facilitate e-returns. It has simplified the process making it popular among taxpayers. Electronic tax filing has have contributed to having a high number of citizens registering as taxpayers.
Answer: B and A
Explanation: Economic growth is the increase in the productive capacity of the economy. There will be a decrease in economic growth if more capital per hour is used as a result of the diminishing returns to capital.
Some economies maintain high growth rates despite diminishing returns to capital through the use of enhanced or better technology, coupled with accumulating capital. There are growth in such economies because unlike capital, technology is subject to increasing returns.
Answer:
1. D. not be sustained if developing countries stop accumulating capital because of diminishing returns to capital.
2. A. better or enhanced technology, along with accumulating capital; these economies are growing because technology, unlike capital, is subject to increasing returns.
Explanation:
Economic growth will not be sustained if developing countries stop accumulating capital because of diminishing returns to capital.
Capital formation and accumulation increases investment which effects economic development or growth in two ways. Firstly, it increases the per capita income and enhances the purchasing power which, in turn, creates more effective demand. Secondly, investment leads to an increase in production.
Some economies are able to maintain high growth rates despite diminishing returns to capital by using A. better or enhanced technology, along with accumulating capital; these economies are growing because technology, unlike capital, is subject to increasing returns.
Technological development is an important factor that increases the growth rate of economy at the macro level and profits of the firms at micro level.