Take some time to record your expenses and file your receipts in one place after each trip.
What is an expense report?An expense report is a segmented and in-depth account of costs that were incurred on behalf of the business. This report helps the employer or financial team determine the amount of the expense that is authorized for reimbursement, as well as how much money was spent and what was bought. Create a method for keeping track of expenses, sending in receipts, and reporting business costs. For real-time updates and to add information like photos of receipts for complete transparency, use digital solutions like online or mobile apps for corporate cost reporting.
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is an extension of team selling in which members at various levels of a sales organization call on their counterparts in a buying organization.
Multi leveling is an extension of team selling in which members at various levels of a sales organization call on their counterparts in a buying organization.
What is multileveling?Some direct sales organizations utilize a marketing (MLM) strategy to market their goods and services. MLM encourages current members to recruit new people into the company by promoting and selling their products to other people.
A portion of the revenue made by their recruits go to distributors. New hires join the distributor's network, or downline, and are then prodded to close deals in order to generate money.
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According to the table, what is the opportunity cost of producing one pair of yellow shoes in Chicago? Number of pairs of yellow Number of pairs of blue shoes produced per worker shoes produced per worker per day per day Chicago New York 12 6 16 4 Select one: a. 4 of a pair of blue shoes b. 2 of a pair of blue shoes c. 2 pairs of blue shoes d. 4 pairs of blue shoes The correct answer is: ½ of a pair of blue shoes
Number of pairs of yellow shoes number of pairs of blue shoes produced per worker shoes produced per worker per day per day Chicago new york
A Canadian worker,on the other hand,can produce 10 pairs of shoes or grow 20 apples per day.The opportunity cost for Canada apples for each pair of The absolute advantage simply compares the productivity of a worker between countries inputs that I need to produce shoes in The standard of living of a country depends on its ability to produce goods and a worker in Chicago 2 pairs of red socks per hour or 1 pair of white socks, Build a and a concise ER diagram for the NHL database.The university's registrar's office maintains data on the following entities.If the bakery sells 12 more loaves of bread on Tuesday than its daily sale of 40 loaves.
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Why would a company have a physical headquarters in one state but file for incorporation in another state?.
Answer:
Employees pay income taxes based on the rates of the chartering state, so a company may choose to charter in a state with lower income taxes.
juan is in charge of dividing and labeling fruits on the basis of size and quality. after juan has labeled the fruits, they are sold to supermarkets. when juan does this, he is primarily engaging in the marketing function of scoring. grading. buying. financing. storing.
Juan is engaged in a type of market function mainly called grading.
What is grading in market function?Buying, selling, transportation, storage, standardization and grading, financing, risk bearing, and circulating market information are all examples of marketing functions. This type of marketing functions is more suitable to physical products.Grading It refers to the process of categorizing products into classes comprised of units with similar characteristics. It entails categorizing products into classes, lots, or groups based on predetermined quality grades. Grading aids in determining and securing remunerative prices for products.To grade is to sort goods into lots that are similar in variety, size, and quality. To standardize is to give permanence to grades through commodity inspection.The Benefits of Grading Increase marketing efficiency by allowing for the purchase and sale of goods without the use of personal information.To learn more about market function refer to :
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1. Which term refers to a person who lends money or provides credit?
A. debtor
B. consumer
C. creditor
D. borrower
Answer:
C
Explanation:
A creditor because is one to whom a debt is owed.
back-to-school mindy clv average revenue per customer per period average customer relationship length cac all costs spent to acquire customers in a period number of customers acquired in the period
The average purchase value, average frequency, and average customer longevity of your customers are multiplied to determine customer lifetime value.
What is the average customer's CLV? Customer Lifetime Value is calculated by multiplying the average purchase value, average purchase frequency, and average customer lifespan of your customers. The formula will show you how much an average customer is worth to your company over the course of the relationship.Customer Lifetime Value is typically calculated using the formula Customer Value x Average Customer Lifespan. A more straightforward formula for CLV is "Annual income per customer times customer relationship in years minus customer acquisition cost." In other terms, the average order total times the typical number of transactions made in a year times the typical retention time in years equals the average customer lifetime value.Based on current data, this gives the average lifetime value of a customer.To learn more about customer lifetime value refer
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Basic career management systems involve the four sequential steps of recruiting, relocation, reality check, and action planning. T/F
FALSE
Because a basic career management system involves four steps: data collection, feedback, goal setting, and follow-up action and planning. If these four steps are carried out properly, a good career management system will be created.
Career management is a combination of structured planning and active management choices of one's professional career. In general, career management refers to the process of enabling professionals to realize their professional talents and apply those skills to further their careers and the businesses in which they work.
Career is the work that a person decides to do during an important period in their life. Many people have their career hopes and aspirations with them hoping for the best and working towards fulfillment in whatever career choice they have made. Few organizations have a formal career management plan. Career management allows companies to improve the performance of their establishments with better employee engagement. Through this process of recruitment quality, employees can be achieved. Examples of career management are trusted courses, certificate programs (related to your career), joining cutting-edge projects attending conferences, staying up to date in professional reading.
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Universal Containers would like to show different values to different groups of users in a custom picklist field.
What should be configured?
A. Page layouts
B. Record Types
C. Field-level security
D. Permission sets
The correct answer is B that is Universal Containers would like to show different values to different groups of users in a custom picklist field and record types should be configured.
One can categorize data in contacts, accounts, deals, and custom modules using Record Types so that users in various positions can access and modify data in the CRM in various ways.
Different field permissions and data scoping for each record type and role make this possible. The views of various user types can be tailored using a combination of page layouts and record types.
Page layouts determine what is displayed on the page, whereas record types are utilized to distinguish between various user categories and divide user groups for object page customization.
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The credit terms provided to the buyer were 3/15,n/60. Jones Company is new to business and needs help understanding these terms. You explain that the discount percentage in the above credit term is ___ and ____ represents how many days the discount is applicable.
You explain that the discount percentage in the above credit term is 3% and 15 represents how many days the discount is applicable.
What is credit term?Credit terms specify when payments are expected for purchases made with credit, any potential discounts, and any interest or late payment penalties that may be charged. Credit conditions for sales on credit, for instance, can be 2/10, net 30. This indicates that payment must be made in 30 days (net 30). A consumer receives a 3% discount if they pay within 10 days, or 3/10 net 30. In any other case, the entire sum is payable 30 days after the invoice date. Credit terms are the terms that the buyer and seller have agreed upon as part of their agreement outlining how the payment will be made for the products and services delivered.
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Which of the following is the greatest risk to information systems and causes the greatest dollar losses?
A) Dishonest employees
B) Human errors and omissions
C) Computer crime
D) Physical threats such as natural disasters
Human errors and omissions is the greatest risk to information systems and causes the greatest dollar losses.( OPTION B).A type of human error in which a user malfunctions because they neglect to carry out a crucial task or activity.
Like pressing the wrong control button. Error of commission is comparable. A planned operation that does not provide the desired results is referred to as having experienced human error. For instance, failing to set the parking brake on your car or malfunctions using the brakes when driving on a slick, rainy road. In companies adopting standard operating procedures, failure rates typically range from 10 to 30 mistakes neglect for every 100 opportunities.
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the seven members of the board of governors of the federal reserve system are:group of answer choiceselected by congress from a slate of nominees provided by the president.appointed by the senate finance committee.appointed by the presidents of the twelve federal reserve banks.appointed by the president with the confirmation of the senate.
The seven members of the board of governors of the federal reserve system are appointed by the president with the confirmation of the senate. Option D.
The Board oversees the operations of the 12 Reserve Banks and shares responsibility for the supervision and regulation of specific financial institutions and activities. Her seven members of the Board are appointed by the President and confirmed by the Senate.
This is the financial institution responsible for the country's monetary policy. This is the interest rate charged by the Federal Reserve on loans to member banks. Appointments to the Board are staggered and the term of the Board expires every two years of her. Maturities are staggered to ensure the Fed's political independence as a central bank.
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for most restaurants, the average total cost curve at levels of output, then at levels.
Average Fixed Cost (AFC), which is the vertical difference between Average Total Cost (ATC) and ATC that narrows as quantity rises, is a u-shaped curve. Marginal Cost (MC), which has an increasing slope, crosses each of these curves at their minimum points.
What does an output-relative total cost curve reveal?The curve's shape shows that marginal returns increase for small output quantities while they decline for greater output quantities. The relationship between total cost and the quantity of production is visually represented by the total cost curve.
if the average total cost curve slopes downward?As a result of economies of scale, the average cost increases less rapidly than output in the downwardly sloping section of the curve.
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May 1: Prepaid rent for three months, $1,800 May 5: Received and paid electricity bill, $50 May 9: Received cash for meals served to customers, $340 May 14: Paid cash for kitchen equipment, $2,900 May 23: Served a banquet on account, $1,560 May 31: Made the adjusting entry for rent (from May 1). May 31: Accrued salary expense, $2,700 May 31: Recorded depreciation for May on kitchen equipment, $570 If Sweet Catering had recorded transactions using the Cash method, how much net income (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign.
If Sweet Catering had recorded transactions using the Cash method, the net income (loss) they would have recorded for May is ($4,410) instead of ($1,480) under the accrual method.
What is the difference between the cash method and the accrual method?The cash method records revenue and expenses when cash is received or payment is made.
On the other hand, the accrual method recognizes revenue and expenses for the period, whether cash is received/paid or not.
The accrual method records revenue when an invoice is raised and when a bill is received, unlike the cash method.
Transaction Analysis:May 1 Prepaid Rent $1,800 Cash $1,800
May 5 Electricity Expense $50 Cash $50
May 9 Cash $340 Service Revenue $340
May 14 Kitchen Equipment $2,900 Cash $2,900
May 23 Accounts Receivable $1,560 Service Revenue $1,560
May 31 Rent Expense $600 Prepaid Rent $600
May 31 Salary Expense $2,700 Salary Payable $2,700
May 31 Depreciation Expense $570 Accumulated Depreciation $570
Cash Method for Income Statement:Service revenue $340
Expenses:
Rent $1,800
Electricity 50
Kitchen equipment $2,900
Total cash expenses = $4,750
Net income (loss) = ($4,410)
Accrual Method for Income Statement:Service revenue $1,900
Expenses:
Rent $60
Electricity 50
Salary $2,700
Depreciation $570
Total expenses = $3,380
Net income (loss) = ($1,480)
For the purchase of kitchen equipment, the accrual method records depreciation expense for the month while the cash method records the full amount paid for kitchen equipment on May 14.
Thus, a higher net loss is recorded for May when Sweet Catering uses the Cash method than the Accrual method.
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Season tickets for the Dingos are priced at $220 and include 11 home games. An equal amount of revenue is recognized after each game is played. When the season began, the amount credited to Unearned Ticket Revenue was $1,287,000. By the end of October, $702,000 of the Unearned Ticket Revenue had been recognized as revenue. Season tickets sold by Dingos SHOW LIST OF ACCOUNTSSHOW SOLUTION LINK TO TEXT VIDEO: SIMILAR EXERCISE How many home games had the Dingos played by the end of October? Home games played by Dingos SHOW LIST OF ACCOUNTS SHOW SOLUTION LINK TO TEXT VIDEO: SIMILAR EXERCISE Prepare the entry for the initial recording of the Unearned Ticket Revenue. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: SIMILAR EXERCISE Prepare the entry to recognize the revenue after the first home game had been played. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question: Open Show Work
"Ticket Revenue" means all monies and other assets actually received by the Lessee or the Operator acting on their behalf at any given time in connection with or in exchange for any or all Tickets.
How do you find revenue from ticket sales?The entry for the first time the unearned ticket revenue was reported is:
A. 5,400 tickets for the Dingos' season were sold
B. The Dingos played 11 home games by the end of October
C. 1,728,000,000 Dr. Cash
The unearned ticket revenue totaled $1.72 million.
D. After the opening home game, the following entry was made to show the revenue:
Sales of Dr. Unearned Tickets: 108,000 108 billion rupees in revenue.
Since an identical amount of money is recognized after each game is played, the total unearned ticket income for the season is divided by the number of home games played (1,728,000/16 = $108,000).
a. A total of 5,400 tickets were sold based on the season's total unearned ticket revenue of $1,728,000 divided by the price per ticket of 320.
b. Home matches completed by the end of October = Recognized unearned revenue completed by the end of October / same amount of income recognized after each match = 1,188,000/108,000 = 11 matches.
c. When a ticket is purchased with cash, the Cash account (Dr) increases by $1,728,000, and Unearned Ticket Revenue also increases (Credit - since this is a liability account) by the same sum.
d. After the first home game, the revenue generated after each game should be recorded as revenue by deducting 108,000 from the Unearned Ticket Revenue (Dr) and adding 108,000 to the revenue account (Cr).
The complete question is:
AP Season tickets for the Dingos are priced at $320 and include 16 home games. An equal amount of revenue is recognized after each game is played. When the season began, the amount credited to Unearned Ticket Revenue was $1,728,000. By the end of October, $1,188,000 of the Unearned Ticket Revenue had been recognized as revenue. Journalize unearned revenue transactions. Instructions a. How many season tickets did the Dingos sell? b. How many home games had the Dingos played by the end of October? c. Prepare the entry for the initial recording of the Unearned Ticket Revenue. d. Prepare the entry to recognize the revenue after the first home game had been played.
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Two companies (A and B) are duopolists that produce identical products. Demand for the products is given by the following demand function: P = 10,000 - QA - QBwhere QA and QB are the quantities sold by the respective firms and P is the selling price.Total cost functions for the two companies are:TCA = 500,000 + 200QA + .5QA2TCB = 200,000 + 400QB + QB2a) Assume that the two firms act independently as in the Cournot model (that is, each firm assumes that the other firm's output will not change). Determine the long-run equilibrium output and selling price for each firm.Your answer: QA= ; QB = ; P =b) Assume that the firms form a cartel to maximize total industry profits (sum of Firm A and Firm B profits). Determine the optimum output and selling price for each firm.Your answer: QA= ; QB = ; P =
In the short run, the typical firm increases its output and makes an above normal profit.
Determine the long-run equilibrium ?Originally the Perfectly Competitive Market is in a long run Equilibrium.Now a sudden change in Demand has taken the price up which then forces the Marginal Revenue Curve upwards.This will culminate with the Marginal Revenue Curve now intersecting the Marginal Cost curve at a higher point being point F so that profit can be maximised.This higher level will thus lead to a higher output than units at point Q as the firm will increase output.Notice that at that point the Marginal Revenue is higher than Average Total Cost meaning that an Above normal profit is being made.Do react or comment if you need any clarification.To learn more about long run equilibrium refer
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Cindy’s Car Wash has average variable costs of $1 and average fixed costs of $3 when it produces 100 units of output (car washes). The firm's total cost is
Cindy’s Car Wash has average variable costs of $1 and average fixed costs of $3 when it produces 100 units of output (car washes). The firm's total cost is 500 $.
What are the Variable costs?Variable costs are costs that change depending on the amount of a good or service the company produces. Variable costs are the sum of all marginal costs throughout all produced units. They could also be viewed as regular expenses. Variable costs are the two components of the total cost.
Variable costs fluctuate depending on how much product is produced. Variable costs include, for example, labor, commissions, and raw materials. The number of fixed expenses is constant regardless of the degree of production. Lease but also rental payments, insurance, including interest payments are examples of fixed costs.
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Which of the following refers to a group of products offered by a firm that are physically similar or are intended for a similar market?
Product line refers to a group of products offered by a firm that are physically similar or are intended for a similar market.
The term "product line" refers to a group of related goods sold by the same company under the same brand name. In an effort to differentiate their various product lines from one another and make them easier for consumers to utilize, firm sell a variety of product lines under their various brand names.
Firms commonly expand their products by adding to existing product lines since customers are more likely to purchase goods from brands they are already familiar with. Product mix or product portfolio refers to the collection of a company's product lines. Except for loss leaders, it is advisable to discontinue product lines that are not profitable.
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The main risk in a ________ approach is the substantial resources needed and the difficulty of planning entry strategies for many diverse markets.
A. shotgun
B. continuous
C. born global
D. sprinkler
E. waterfall
If a central bank focuses on preventing either high inflation or deep recession by using low and reasonably steady interest rate policy, then: foreign investment will increase significantly. exchange rates will have less reason to vary. government will intervene to peg the nation's currency. domestic investments in foreign businesses will decrease.
In a case whereby If a central bank focuses on preventing either high inflation or deep recession by using low and reasonably steady interest rate policy, then exchange rates will have less reason to vary.
What is inflation ?inflation can be described as the economic situation where there is a general rise in the prices of goods and services, which can be described as the continuing rise in prices as measured through index such as the consumer price index .
In conclusion, If a central bank focuses on preventing either high inflation or deep recession then exchange rates will have less reason to vary.
Therefore, option B is correct.
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missing options:
foreign investment will increase significantly.
exchange rates will have less reason to vary.
domestic investments in foreign businesses will decrease.
government will intervene to peg the nation's currency.
Marketing channels used to promote destinations and products include all but which of the following?
An attractive, effective, and easy-to-navigate website
Email marketing through newsletters and promotions
Online travel agents (OTAs) and booking engines
The marketing and sales departments in a company
Marketing channels used to promote destinations and products include all Email marketing through newsletters and promotions.
What are the 4 kinds of promoting channels?Websites, email, targeted digital advertising, and (digital or in-person) events are currently the most widely used marketing channels. Previously, individuals typically utilized an immediate circulation station (like mailers) or a circuitous promoting station (like TV).
What exactly are marketing channels and how do they work?The following are general functions that marketing channels carry out: carrying inventory, physically distributing products, supporting transactions, and providing after-sale service are all aspects of market information collection. Some of these tasks are easy to perform; However, there are a few that require explanation.
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Using the timeline on pp. 1524-1526 in the Norton Anthology of African American Literature 3rdEdition, Volume II, identify what you believe are the three most important events that occurred during the period from 1960-1975 and explain how each event influenced the literature of the period.
An overview of Norton Anthology of African American literature since 1945 and from the period 1960-1975 and events that influenced the literature of the period.
The political divisions, upheavals, and ambiguities of the 1960s were reflected in the decade's literature as authors grappled with shifting attitudes toward social involvement, corporate and governmental power, individual and minority rights, drug use, and technological advancements like television and consumer air travel that allowed for a more global perspective but disrupted traditional ways of thinking about time.
"An Overview of American Literature" sought to produce an aesthetic that was both rigorously credible and philosophically acceptable. Authors could express specific experiences on broad platforms like literary feminism and the Black Arts Movement without feeling like they were speaking for their race, ethnicity, or gender.
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If a business cannot pay its debts, creditors can expect the owner(s) to pay the debts with their personal assets of the business is a:
If this condition arises where a business can't able to pay it's debt, creditors can expect the owner to pay the debts with their personal assets of business is called- General Partnership or Sole Proprietorship.
What is sole proprietorship?A sole proprietorship is an unincorporated company that is run and owned by one person. This type of business structure is the simplest because there is no legal distinction between the owner and the business.
The proprietor or dealer who owns the business uses their legal identity to carry on business. By registering a trade name with their local authority, they can also decide to conduct business under a different name.
This kind of business is the least expensive to launch. Small enterprises, independent contractors, and other people who work for themselves frequently use it because of this.
When the business owner decides or upon their passing, a sole proprietorship starts and ends.
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Bonds are securities that can be readily bought and sold. A bond issue consists of a number of bonds, usually in denominations of ______ or _____ and is sold to many different lenders.
Multiple choice question.
$100; $1,000
$1,000; $10,000
$500; $5,000$1,000; $5,000
Answer: -$1,000; $5,000
Bonds are securities that can be readily bought and sold. A bond issue consists of a number of bonds usually in denominations of $1,000 or $5,000 sold to many different lenders.
A bond issued above par is said to have been issued at a premium corresponding to the amount by which the issue price of the bond exceeded its par value. The present value of the bond principal plus the present value of the periodic interest payments.
Bonds are long-term bonds issued by companies and governments to finance businesses and special projects. The company has to pay interest on the bonds, and if the company goes bankrupt, the bondholders will get paid before the shareholders. The value of a bond is inversely proportional to changes in investors' current required yield.
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What is EPS? (When referring to a stock)
Answer:
Explanation:
EPS means earnings per share. It shows how much a company makes for each share of a stock.
Higher the earnings per share the better
Net profit divided by # of common shares
Assuming the cost of an associate leaving within 90 days is $3,000, what will be your facility's approximate cost of early turnover for this year?
A: 45000
B: 90000
C: 126000
D: 252000
The facility's approximate cost of early turnover for the year is $45,000.
What are the costs of turnover?The cost of turnover is the expense incurred when a position is changed. This estimate accounts for the costs of filling the role while it is vacant as well as those of hiring for the position, training the new hire, and providing any severance or bonus benefits. You should divide the total number of departures from your average monthly workforce by the total number of departures to begin your employee turnover estimate. Then multiply the sum by 100. You can figure out total turnover, voluntary turnover, and involuntary turnover.
Shift Number associate leaving Per associate cost Total cost
the facility within 90 days
A 8 $3,000 $24,000
B 5 $3,000 $15,000
C 2 $3,000 $6,000
D 0 $3,000 $30
Total coset = $24,000 + $15,000 + $6,000 + $0
Total cost = $45,000
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Li Jung, a Chinese citizen, works for a phone manufacturer in China. Currently, he is i office in Cleveland, Ohio. In this scenario, Li Jung is regarded as an expatriate.
If Li Jung, a Chinese citizen, works for a phone manufacturer in China. Currently, he is i office in Cleveland, Ohio. In this scenario, Li Jung is regarded as an expatriate.
What is expatriate?Expatriate can be defined as the person who work and live outside their own country or a person who work and live in a country in which they are not a citizen of.
Example of an expatriate is when a person who was born in United state of America work and live in the United Kingdom.
A person who is employ to work and live in another country that is not their original country is often know as an expatriate.
Therefore LI jung is an expatriate.
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The complete question is:
Li Jung, a Chinese citizen, works for a phone manufacturer in China. Currently, he is i office in Cleveland, Ohio. In this scenario, Li Jung is regarded as an .
A. Expatriate
B. Outsourcing
C. Insourcing
Once alcohol is in the bloodstream how long will it take for it to reach the brain
suppose a firm is hiring resources l and m under purely competitive conditions to produce product y, which sells for $0.50 in a purely competitive market. the prices of l and m are $6 and $8, respectively. in equilibrium, the mps of l and m, respectively, are multiple choice 12 and 16. 6 and 8. 8 and 6. 16 and 12.
Suppose a firm is hiring resources l and m under purely competitive conditions to produce product Y, which sells for $2 in a purely competitive market. The prices of l and m are $10 and $4 respectively. In equilibrium the MPs of l and m, respectively, are 5 and 2.
What is a competitive market?In a competitive market, neither a single customer nor a single manufacturer can have a significant impact on the market. Its response to supply and demand changes as shown by the supply curve, which depicts the quantity of a good. A perfect market, also known as an atomistic market, is defined by various idealising conditions, which are together referred to as perfect competition, or atomistic competition, in economics, specifically general equilibrium theory. Farming is a fantastic illustration of a competitive market. Despite the fact that there are thousands of farmers, none of them has the power to change the market or the price based on how much they produce. The farmer has little choice but to raise the crop and take whatever price is offered for it at the time.
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according to brenkert, the presence of atypical harm from the products is the necessary condition for vulnerability.
a. true
b. false
The following statement "According to Brenkert, the presence of atypical harm from the products is the necessary condition for vulnerability" is false
Vulnerability people who, compared to the general population, are more vulnerable to the impacts of risk factors.
Vulnerability might take the form of social, cognitive, environmental, emotional, or even military. Vulnerability is a notion that, in regard to risks and catastrophes, connects people's interactions with their surroundings to the social forces, institutions, and cultural ideals that support and oppose them.
Within European Bioethics, the concept of vulnerability is a distinct notion. Vulnerability is an expression of human limitations and weakness on the one hand and a moral and ethical code of conduct on the other.
Hence the correct option is B
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if a government wants to establish a marketable permit program, it must begin by determining . group of answer choices the overall price to be charged for each permit how many permits will be issued in the overall market the overall quantity of a certain pollutant that will be allowed
if a government wants to establish a marketable permit program, it must begin by determining is overall quantity of a certain pollutant that will be allowed.
What is a marketable permit program?Marketable permits are regulatory instruments created to distribute rights or obligations more effectively by utilising the market's ability to make decisions. Marketable permits are designed to reduce administrative burdens, simplify compliance costs, and encourage innovation more than traditional regulation.
A marketable permit is a sort of government grant that allows a company to emit a specific amount of pollutants. A marketable permit encourages a company to lower the cost of pollution.
John Dales, a Canadian economist, and Thomas Crocker, an American economist, first proposed the idea of establishing a permit market to regulate pollution levels in the 1960s. By using this technique, businesses in an industry where a reduction in emissions is required are given pollution permits.
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