The Table Below Shows That,in One Day,Claire Can Complete Either

question 52

Multiple Choice

The table below shows that,in one day,Claire can complete either 3 chemistry or 2 biology lab reports,while Sam can complete either 4 chemistry or 3 biology lab reports. $$\begin{array} { | l | c | l | } \hline & \text { Chemistry Lab Reports } & \text { Biology Lab Rep orts } \\\hline \text { Claire } & 3 & 2 \\\hline \text { Sam } & 4 & 3 \\\hline\end{array}$$ TABLE 1- 2
-In practice,the term "centrally planned economy" refers to an economy in which

• A)the government makes ALL production and consumption decisions.
• B)the military is in control of the government.
• C)the mix of market and command principles is heavily weighted towards the latter.
• D)economic decisions are made in the geographic centre of the country.
• E)all commodities are rationed.

---

Definitions:

Prepaid Expense

An expense paid in advance of its due date, recorded as an asset on the balance sheet until the benefits are realized or the service period expires.

Magazine Subscription

A magazine subscription is an agreement to receive or gain access to periodic issues of a magazine over a specified period, usually in return for a payment.

Paid

Refers to the status of an obligation or invoice that has been settled or fulfilled through payment.

Vertical Analysis

An approach to financial statement examination whereby each component is presented relative to a foundational number in the report.