What are uses of Statistics in daily life
1. Weather Forecasts 2. Emergency Preparedness 3. Predicting Disease 4. Medical Studies
What is the difference between Operating lease and Capital lease
An operating lease is treated like renting so payments are considered operational expenses and the asset being leased stays off the balance sheet. In contrast, a capital lease is more like a loan; the asset is treated as being owned by the lessee so it stays on the balance sheet.
What is the difference between Monopolistic Competition and Perfect Competition
Monopolistic Competition: Many firms each making a slightly different product. Each firm’s output level is small relative to the total. Perfect Competition: Many firms, all making the same product. Each firm’s output level is very small relative to the total output level.
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