hannahmyung1113
19.02.2021 •
Business
They use job costing to collect the costs of each consulting engagement. They have one direct cost - the direct labor of the professional consultants. All other costs are support costs of doing the consulting engagements. ABC allocated the support costs to each job using DL hours as the allocation base. Based on the data below, if a consulting engagement took 100 hours, what is the total job cost for the engagement
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Ответ:
What Is Rent Seeking?
Rent seeking (or rent-seeking) is an economic concept that occurs when an entity seeks to gain added wealth without any reciprocal contribution of productivity. Typically, it revolves around government-funded social services and social service programs.
Key takeaways
Rent seeking is an economic concept that occurs when an entity seeks to gain wealth without any reciprocal contribution of productivity.The term rent in rent seeking is based on the economic definition of “rent,” which is defined as economic wealth obtained through shrewd or potentially manipulative use of resources.An example of rent seeking is when a company lobbies the government for grants, subsidies, or tariff protection.Rent seeking comes in many forms from lobbying or donating funds.For example, if you donate money but write it off on your taxes, it could be considered a form of rent seeking.