Explanation

Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained, required, or degraded even though it may still be in good working order.

Explanation

In financial planning, most high option price will lead to longer option period.

option period is a time frame or period of time, which is valid for an option to be exercised before or on the expiration date. 

Explanation

Depreciation represents how much of an asset's value has been used up.

Depreciating assets helps companies earn revenue from an asset while expensing a portion of its cost each year the asset is in use.

Explanation

The straight-line method of depreciation assumes a constant rate of depreciation. It calculates how much a specific asset depreciates in one year, and then depreciates the asset by that amount every year after that. 

Explanation

A deferred tax liability is a tax that is assessed or is due for the current period but has not yet been paid—meaning that it will eventually come due. 

Explanation

The function of a depreciation provision is to make a company's balance sheet more accurately reflect the current value of the investments it has made in fixed assets over time.

Explanation

Depreciation helps to tie the cost of an asset with the benefit of its use over time.

In other words, each year, the asset is put to use and generates revenue, the incremental expense associated with using up the asset is also recorded.

Explanation

The transactions which are recorded using adjusting entries are not spontaneous but are spread over a period of time. 

An adjusting entry always involves either income or expense account.

Explanation

Sarojini Naidu was an Indian political activist and poet.

Explanation

The Dissolution of the Monasteries, occasionally referred to as the Suppression of the Monasteries, was the set of administrative and legal processes between 1536 and 1541 by which Henry VIII disbanded monasteries, priories, convents and friaries, in England, Wales and Ireland, appropriated their income, disposed of their assets, and provided for their former personnel and functions.

Explanation

Explanation

The grammar–translation method is a method of teaching foreign languages derived from the classical (sometimes called traditional) method of teaching Ancient Greek and Latin.

Explanation

The arrangement of words and phrases to create well-formed sentences in a language is called Syntax.

Explanation

Casanova's Chinese Restaurant is a novel by Anthony Powell. It forms the fifth volume of the twelve-volume sequence A Dance to the Music of Time, and was originally published in 1960. 

Explanation

Harriet Elisabeth Beecher Stowe was an American abolitionist and author.

Explanation

Explanation

Maya is a hypersensitive young urban wife. She is the protagonist of the novel. 

Explanation

Valdes and Cornelius Two German scholars who are versed in the practice of magic and who teach Faustus.

Explanation

The Queen's Rival has a wispy plot drawn from Persian legend, told in the narrative vein of the folk-ballad.

Explanation

John Donne was an English poet, scholar, soldier and secretary born into a Catholic family, a remnant of the Catholic Revival, who reluctantly became a cleric in the Church of England.

Explanation

Explanation

Mary Ann Evans, known by her pen name George Eliot, was an English novelist, poet, journalist, translator and one of the leading writers of the Victorian era.

Explanation

The Faerie Queene is an English epic poem by Edmund Spenser. Books I–III were first published in 1590, then republished in 1596 together with books IV–VI.

Explanation

Emily Bronte was an English novelist and poet who is best known for her only novel, Wuthering Heights, now considered a classic of English literature.

She died on 19 December 1848.

Explanation

Francis Bacon, also known as Lord Verulam, was an English philosopher and statesman who served as Attorney General and as Lord Chancellor of England. 

Explanation

Aurobindo was an Indian philosopher, yogi, guru, poet, and nationalist. Mind, Heaven

Explanation

Explanation

A matrix, or project, departmentalization structure combines aspects of both the division and multiple models.

There are large departments that create smaller departments based on projects.

Explanation

The two internal elements of SWOT analysis are strengths and weaknesses.

The acronym SWOT stands for Strengths, Weaknesses, Opportunities and Threats

SWOT analysis is a technique for assessing these four aspects of your business. 

Explanation

Growth theory is the subject matter of Macroeconomics.

Accelerating growth and development constitute the subject matter of macroeconomics.

Macroeconomics analyses the reason for underdevelopment and poverty in a country.

Explanation

The term Bureaucracy basically refers to a system of government in which most of the important decisions are taken by state officials rather than by elected representatives.

Democracy means Government by the People 

Gerontocracy means Government by old men.

Kekistocracy means a Government run by the worst citizens.

Explanation

Economists divide the factors of production into four categories: 

land,

labor,

capital, 

entrepreneurship.

Explanation

The social security system (sometimes called the benefits system) is an important influence on the distribution of income.

The social security system matters for health because it provides financial support for people across society including

disabled people

unemployed people

people on low incomes

people with long-term conditions.

Explanation

Non-durable goods are tangible goods that are low priced and normally consumed in one or few uses every day or any time of the day such as:

soaps,

biscuits,

shampoos,

deodorants,

Explanation

Demand is price inelastic if the absolute value of the price elasticity of demand is less than 1;

it is unit price elastic if the absolute value is equal to 1;

and it is price elastic if the absolute value is greater than 1.

Explanation

the doctrine of impossibility was that the event

that made perform- ance impossible must have been unforeseen by the parties at the time the contract was made. 

Explanation

Diversification is a strategy that mixes a wide variety of investments within a portfolio in an attempt to reduce portfolio risk. 

Diversification is most often done by investing in different asset classes such as stocks, bonds, real estate, or cryptocurrency.

Explanation

when government revenue exceeds government expenditure, it is known as surplus budget.

A budget surplus often refers to the financial states of governments; individuals prefer to use the term 'savings' instead of the term 'budget surplus.

Explanation

A blind ad is a job advertisement that contains no identifying information about the employer placing the ad. 

Explanation

The Capital Asset Pricing Model (CAPM) is a model that describes the relationship between the expected return and risk of investing in a security.

It shows that the expected return on a security is equal to the risk-free return plus a risk premium, which is based on the beta of that security.

Explanation

Applied research refers to scientific study and research that seeks to solve practical problems.

An example of this would be a researcher who is tasked with finding ways to increase student involvement in the classroom.

Explanation

Alfred Marshall was famously known for his principle of economics theory and propounded the theory of consumer surplus

Alfred Marshall FBA was an English economist and was one of the most influential economists of his time. 

Born: July 26, 1842, London, United Kingdom

Died: July 13, 1924, Cambridge, United Kingdom

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Explanation

Simply put, the zone of tolerance is the gap between two levels of customer expectations – the desired service and adequate service.

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Explanation

Multi-level Marketing (MLM) or network marketing, is individuals selling products to the public - often by word of mouth and direct sales.

The main idea behind the MLM strategy is to promote a maximum number of distributors for the product and exponentially increase the sales force.

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Explanation

An exceptional demand curve expresses a positive relation between demand and price

which can be represented by a demand curve that slopes upward to the right.

Explanation

Authorized share capital is also known as Registered capital.

The authorized capital of a company is the maximum amount of share capital that the company is authorized by its constitutional documents to issue to shareholders.

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Explanation

A net loss occurs when a company's expenses are higher than its total revenue.

This can be a sign of problems that need to be addressed.

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Explanation

Current assets: Assets that can be converted into cash easily within a short time say one year are called current assets.

Explanation

All liquidity ratios measure a firm's ability to cover short-term obligations by dividing current assets by current liabilities (CL).

Types of liquidity ratios

Current Ratio = Current Assets / Current Liabilities.

Quick Ratio = (Cash + Accounts Receivable) / Current Liabilities.

Cash Ratio = (Cash + Marketable Securities) / Current Liabilities.

Net Working Capital = Current Assets – Current Liabilities.

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Explanation