Finance FAQs

What do you mean by vouching?
Vouching is the process of checking the authentication of the voucher maintain by the management with the respective supporting document. ...... More »
What is the difference in changing the scope between a spiral approach and a waterfall approach?
The scope of requirements changes in Waterfall model is less than that in Spiral Model. In Waterfall model, you progress to the next stage only when the requirements of the stage above it are finalized and signed off. So literally, we do not have ...... More »
What are the advantages of leaving the allocation of a countrys resources to the price mechanism?
The main conditions required are: 1. Either a finite number of agents or goods. 2. No externalities - That is, the consumption of one person should not harm or benefit anyone else. 3. No matter how much a person is co...... More »
What is the economy in Bulgaria like?
Bulgaria was somewhat hesitant in terms of embracing market reforms. The economy suffered greatly after the fall of communism with standard of living dropping drastically. In the mid 1990s, the economy improved and reforms were implemented. Econom...... More »
Who decides what goods services will be produced and sold in the US?
It is mostly the American consumer. The US government also plays a large role in the nation's economy, constituting roughly 36% of GDP - making it the largest and thus most influential economic institution and consumer. Manufacturers or those ...... More »
Why is economics seen as a social science?
Beginning with a definition: The social sciences are a group of academic disciplines that study human aspects of the world. They diverge from the arts and humanities in that the social sciences tend to emphasize the use of the scientific...... More »
What is the Malthusian theory on population?
If population growth continues then there will not be enough resources around for everyone this will lead to an event such as famine or war, which will reduce the population. ...... More »
What does macroeconomics mean?
The study of the overall aspects and workings of a national economy is such as income, output, and the interrelationship among diverse economic sectors. It is the study of all aspects of the economy. It is different from microeconomics, which stud...... More »
Who are Canadas top three trading partners?
1 U.S 2 Japan 3 United Kingdom ...... More »
How do tax cuts affect the economy?
Tax cuts improve the economy by giving the people more spending power and higher consumer confidence, which leads to them spending more of all of their income which leads to more jobs, more business investment in more efficient technologies, and u...... More »