Analyst Questions

Vitamins are indispensable for the maintenance of optimal health is the only statement that is true about vitamins.

Microeconomics deals with the 

* Allocation of resources of the economy as between production of different goods and services.

* Determination of prices of goods and services.

* Behavior of industrial decision makers.

Social Darwinism was a prominent intellectual theory that was used to justify European Imperialism in the 19th and early 20th centuries.

Social Darwinism held that those made better or worse by industrialization were based on the natural predisposition of the people effected. For those who were made better off, the success of those people demonstrated that they had a well-evolved culture and this expansion would help remove or improve underperforming cultures, which were those "chosen" by the fact that they were performing poorly.

Imperialism may encompass a broad range of meanings, including the foreign occupation of one nation by another; one society's control of the internal politics of another; and, especially, foreign extraction of a less powerful nation's natural resources and/or exploitation of its indigenous human resources.

All in all, according to the Social Darwinist, Imperialism was the natural expansion and success of a well-evolved culture and this expansion would help remove or improve underperforming cultures.

Bad debts expense often refers to the loss that a company experiences because it sold goods or provided services and did not require immediate payment. The loss occurs when the customer does not pay the amount owed. In other words, bad debts expense is related to a company's current asset accounts receivable.

You have already recorded the Rs. 100 in your accounts receivable, and you need to eliminate that amount. As you use double-entry accounting, you must record a Rs. 100 credit to your accounts receivable and a Rs. 100 debit to your allowance for doubtful accounts or your bad debts expense column.

In business, outsourcing is an agreement in which one company contracts its own internal activity to different company. It involves the contracting out of a business process (e.g. payroll processing, claims processing) and operational, and/or non-core functions (e.g. manufacturing, facility management, call center support) to another party (see also business process outsourcing).

A company moves some of its jobs to another country and employing workers in other countries to save on labor costs best describes the practice of outsourcing.

The factors that affect worker productivity include the size of incentive payments per non-defective pair, base pay increases, how favorably a company's compensation package compares with the industry-average compensation package, and expenditures for best practices training.

A major purpose of cost accounting is to measure, record and report product costs.