In a market economy, competition is a crucial requirement. What is one benefit to fostering competition in an economic system? It gives consumers more choices in the quality and price for things they want to buy.
It causes higher prices, so businesses make a higher amount of profits.
It limits the freedom companies have to create new products.
It never requires any outside assistance from the government.

Match the steps for conducting an informational interview with the tasks in each step.

Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget.the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead.a total of 119,300 units, using 478,000 direct labor hours, were produced during the year.actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.

Summarize the specific methods used by interest groups in order to influence governmental decisions making in all three branches of government. provide at least two examples from each branch.