question 48 not yet answered points out of 1.00 flag question\nbrown swiss cattle is a breed that has a…

question 48 not yet answered points out of 1.00 flag question\nbrown swiss cattle is a breed that has a double utility as they are used for dairy and beef purposes providing good milk and meat output. because this breed can only be grown in north - eastern switzerland, this region can be said to have a :\n\na. advantageous distinction\nb. absolute advantage\nc. comparative advantage\nd. total advantage\ne. economy of scale\n\nquestion 49 not yet answered points out of 1.00 flag question\nto ensure accuracy and consistency in the way financial information is reported, accountants follow rules known as:\n\na. accounting rules and principles\nb. principled accounting procedures\nc. comparable accounting standards\nd. generally accepted accounting principles\ne. financial accounting standards

question 48 not yet answered points out of 1.00 flag question\nbrown swiss cattle is a breed that has a double utility as they are used for dairy and beef purposes providing good milk and meat output. because this breed can only be grown in north - eastern switzerland, this region can be said to have a :\n\na. advantageous distinction\nb. absolute advantage\nc. comparative advantage\nd. total advantage\ne. economy of scale\n\nquestion 49 not yet answered points out of 1.00 flag question\nto ensure accuracy and consistency in the way financial information is reported, accountants follow rules known as:\n\na. accounting rules and principles\nb. principled accounting procedures\nc. comparable accounting standards\nd. generally accepted accounting principles\ne. financial accounting standards

Answer

Brief Explanations:

For Question 48, absolute advantage occurs when a region can produce a good more efficiently than others. Since Brown - Swiss cattle can only be grown in north - eastern Switzerland for dairy and beef, this region has an absolute advantage. For Question 49, generally accepted accounting principles (GAAP) are the rules accountants follow to ensure accuracy and consistency in financial reporting.

Answer:

Question 48: b. absolute advantage Question 49: d. generally accepted accounting principles