Which social media is used the most?

Which social media is used the most? Facebook remains the world’s most widely used social media platform, but there are now six social media platforms that claim more than one billion monthly active users each. Four of these six platforms are owned by Facebook. Facebook has 2.797 billion monthly active users. What fraction of the […]

What are the types of specialization in economics?

What are the types of specialization in economics? Specialization can increase the productivity of and provide a comparative advantage for a firm or economy. Microeconomic specialization involves the individual actors and economic components, and macroeconomic specialization involves the broad advantage an economy holds in production. What can a producer gain by specializing? Answer: Specialization is […]

What are the Fatal 4 in construction?

What are the Fatal 4 in construction? The “fatal four” injuries that contributed to 57 percent of the fatalities in the construction industry were falls, caught between objects, electrocutions and struck by objects. What are OSHA’s Fatal Four? The Fatal Four Hazards consist of falls, electrical exposure, struck-by and caught-in/between situations, and result in 545 […]

What is the utility that is created by moving goods from surplus points to point where demand exists?

What is the utility that is created by moving goods from surplus points to point where demand exists? Logistics provides place utility by moving goods from production surplus points where demand exists. Logistics extends boundaries of the market area, thus adding economic value to the goods. Which utility is created primarily by transportation and delivery? […]

Why do auditors accumulate evidence?

Why do auditors accumulate evidence? If the auditor believes that the financial statements are not fairly stated or is unable to reach a conclusion because of insufficient evidence, the auditor: Auditors accumulate evidence to: A) defend themselves in the event of a lawsuit. When an auditor is determining what information to include in the notes […]

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