The type of enforcement domestic laws uses, such as laws in the united states that prohibit murder or theft is vertical.
Enforcement is the right execution of the method of making sure compliance with laws, regulations, guidelines, standards, and social norms.
The enforcement is aware will nation the reasons for action being taken and specify the stairs which the council requires to be taken that allow you to remedy the breach. There's a right of appeal against an enforcement observation.
Enforcement authority approaches the authority to put into effect any law, ordinance, rule, regulation or decision duly followed and observed with the aid of any jurisdiction where the Authority has control authority or where otherwise legal through regulation or by using agreement, settlement, memorandum of know-how, or request for service.
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What is one way to name a computer document to be able to identify it as the most recent version?
add READ LATER to the end of the file name
add your initials at the end of the file name
add the date at the end of the file name
give the document a completely new name every time it's changed
Based on the available options and the Microsoft Office techniques, the one way to name a computer document to be able to identify it as the most recent version is to "add the date at the end of the file name."
Naming and Sorting of Documents in ComputerThere are straightforward means of naming and sorting file documents in a computer to make it easier to access.
One of the ways of naming a file document is to use a name or phrase that defines the document.
However, in other to quickly identify the document with the most recent version of the edit, it is advisable to add the date at the end of the file.
This will help the user to quickly identify the most recent or latest version as the date will specify the last edit or when the document is created.
Hence, in this case, it is concluded that the correct answer is "add the date at the end of the file name."
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a form of real estate financing that gives the lender rights to the equity through increased payments or part of the residual value over the balance of the loan?
Participating debt financing: At the time the loan is funded, the lender can have participatory rights to equity through increased income or residual value over the loan's balance.
In addition to designing a loan with an agreed-upon interest rate, the lender takes a percentage of the equity operating cash flow from the proceeds of the sale or refinance. By receiving a percentage of the potential future cash flow, the lender can increase his returns significantly.
What are the four sorts of obligation funding?Lender loan A bank loan is a common form of debt financing.Issues of bonds Bond sales are yet another form of debt financing.Loans to the family and credit cards Getting a loan from family and friends or borrowing money with a credit card are two additional ways to finance your debt.Learn more about debt financing here:
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kyle, whose spouse died in december 2019, filed a joint tax return for 2019. he did not remarry but has continued to maintain his home in which his two dependent children live. what is kyle's filing status in 2022? a.head of household b.single c.married filing separately d.surviving spouse
Kyle's filling status in 2022 is option A. Head of household. A filing status for individual United States taxpayers is called as a Head of household.
Head of household status generally can be described as a preferential tax rates and also larger standard deduction for single people caring for qualifying dependents. At the end of the year to use the Head of Household filing status taxpayer must be unmarried or considered unmarried. In the other side, head of household status also can be applied by unmarried or a qualified dependent living with you more than half the year or a parent for whom you cover half of housing costs.
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Imagine that you are conducting a competitive analysis for a dog grooming business in your area. Put the steps in order by matching each item to the answer.
Answer:
identify your niche → step 1
Analyze your own brand → step 2
Compile a list of Competitors → step 3
Divide your competitors in two groups → step 4
Analyze each competitor brand → step 5
Develop a marketing strategy → step 6
Note → I hope these are helpful. If I am wrong then please let me know
starbucks ceo howard schultz has made sure his employees have health insurance and work in a positive environment. he could best be described as which type of leader?
Starbucks CEO Howard Schultz has made sure his employees have health insurance and work in a positive environment. He could be described as Servant Leader.
An effective strategy that complements Starbucks business model is servant leadership. The current corporate culture has enhanced this management approach. To contribute value to the company, leaders coach and guide their employees. When consumers use high-quality goods and services, they are also taken into account and given authority.
The goal of servant leadership is to realize a vision through strongly empowering the workforce. Employees are empowered by servant leadership. However, the leader doesn't just vanish. Open forums were launched by the company a number of years ago to enhance manager-employee communication. Starbucks executives are constantly prepared to respond to the requirements of the company's constituents, including its customers, workers, and communities. Additionally, the organization fosters a culture that actively works to advance both employee empowerment and diversity.
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tax functions that accounting and finance professionals may assist clients with include all but the following: a.tax evasion. b.tax compliance. c.esg reporting of certain tax information. d.cash management to ensure timely payment of taxes.
Tax functions that accounting and finance professionals may assist clients with include all but tax evasion, so correct option is A.
Tax evasion is an illicit movement in which an individual or substance purposely dodges paying a genuine assess obligation. Those caught sidestepping charges are by and large subject to criminal charges and significant punishments.
To willfully fall flat to pay charges may be a government offense beneath the Inside Income Service (IRS) charge code. Charge avoidance is an illicit endeavor to overcome the burden of charges by people, enterprises, trusts, and others.
The accounting work will guarantee that liabilities such as deals assess VAT, pay assess are fittingly tended to. Monetary articulations got to be recorded by the businesses with the enlistment center of companies.
Stock trades are the recorded substances that are required to record them, as well as for coordinate and circuitous assess recording purposes.
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Josie is a teenage girl who wants to start a jewelry-making business. Her target market is females, ages 10-14. What price should she charge per necklace that she sells?.
Since his target market is youngsters, Josie's target audience is females between the ages of 10 and 14.
The definition of a target market is A company's target market is a portion of the market that is open to it. Marketing efforts and resources are frequently concentrated on the target market because no organization has unlimited marketing resources or money for advertising.
2. Josie should charge between one and ten dollars for each necklace target market considering that her target market consists of ladies between the ages of 10 and 14.
3. Because the focus group was set up to obtain opinions from a target market, the results from the focus group are descriptive rather than quantifiable, which means that the focus group is producing qualitative data.
4. A small boutique's inventory was chosen using quantitative data from an online article on European fashion trends.
To categorise data, choose one of the four broad categories.
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a firm has a general-purpose machine, which has a book value of $300,000 and is worth $500,000 in the market. if the tax rate is 21 percent, what is t
The opportunity cost is $458,000.
Write a note on opportunity cost.The opportunity cost is a concept used in microeconomic theory to describe the value or benefit lost by choosing one activity over another.. Simply put, it indicates that by choosing one course of action (such making an investment), you are forgoing the chance to choose an other course of action. The best activity is the one that, after deducting opportunity costs, has the highest return when compared to all other activities.
Taxable capital gain = Market value - Book value
Taxable capital gain = 500,000 - 300, 000 = 200, 000
The taxable capital gain is $200,000.
Next, we compute the opportunity cost.
Opportunity cost = Market value - Taxable capital gain x Tax rate
Opportunity cost = 500, 000 - 200, 000 × 0.21
Opportunity cost = 500, 000 - 42, 000
= 458, 000
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The complete question is given below :
A firm has a general-purpose machine, which has a book value of $300,000 and is worth $500,000 in the market. If the tax rate is 21 percent, what is the opportunity cost of using the machine in a project?
in 2025, the robinson company switched its inventory method from fifo to average cost. inventories at the end of 2024 were reported in the balance sheet at $22 million. if the average cost method had been used, 2024 ending inventory would have been $20 million. ending inventory in 2025 is $23 million using average cost, and would have been $26 million if the company had not switched from the fifo method. the company's tax rate is 25%. the effect of the change in method on 2025 income before taxes is a:
A million dollars less will be made before taxes in 2025 as a result of the method change.
First In, First Out (FIFO): What Is It?First In, First Out, also known as FIFO, is a method of managing assets and valuing them that prioritizes the sale, use, or disposal of assets that were produced or acquired first.
For taxation purposes, FIFO presumes that the cost of goods sold on the income statement includes the assets with the oldest costs (COGS). The assets in the inventory that are still available are compared to those that were just bought or made.
Calculation:
Inventory's average cost rose by $3 million ($23 million minus $20 million).
There would have been a $4 million increase in FIFO inventory ($26 million minus $22 million).
As a result, selling costs at average cost are $1 million higher than selling costs at FIFO.
This lowers net income by $750,000 and income before taxes by $1 million.
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what are the parameters affecting prices european and american calls and puts. how do the prices change when one of the parameters changes with all the others remaining the same?
The price of the underlying securities, time, and volatility are three varying factors that options traders must contend with in order to determine the pricing.
What factors determine the call and put prices?Choose to dismiss the help pop-up If the strike price of a call option is higher than the market value of the underlying securities, the option is out of the money. If the strike price of a put option is less than the market value of the underlying securities, the option is out of the money. Whether an option has inherent value depends on the strike price.American-style options are more valuable than the constrained European options since investors are free to exercise their options at any time during the contract's lifespan. The chance to exercise early does come with an additional premium or cost, though.Like the majority of other financial assets, the pricing of options are affected by current interest rates changes. As interest rates fluctuate, call option and put option premiums are affected in opposite ways: calls gain from rising rates while puts lose value.To learn more about Call and Put prices refer to:
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how can companies handle corrupt practices in foreign practices? can they find ways to compete there without engaging in these practices? please explain
Apply appropriate anti-corruption policies appropriate to your industry or sector (Code of Business Ethics)
What are anti-corruption policies?The purpose of this policy is to provide clear guidance on compliance with all applicable anti-bribery and anti-corruption policies, encourage reporting of suspected violations, and provide guidance.The US Foreign Corrupt Practices Act (FCPA) is the most prevalent anti-corruption policies in the world. Check the most important information here. The African Union (AU) Convention on the Prevention and Elimination of Corruption, adopted in 2003, addresses corruption in the public and private sectors.Corruption undermines our trust in the public sector to act in our best interests. It also wastes taxes and tax rates allocated to important community projects. This means you have to put up with poor quality services and infrastructure.To learn more about anti-corruption policies from the given link :
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after a life insurance policy has been in force for 5 years the insured dies. during the claims process, the insurer discovers that the insured did not disclose material health information that had it known, would have caused the application to be rejected. what can the insurer do at this point in time?
The only thing the insurance company can do at this time pays the policy's death benefit to the designated beneficiary.
Is the beneficiary of a policy paid when the insured passes away?The selected beneficiary will get the death benefit when the policy owner passes away, thanks to the life insurance company. If no nominated beneficiary is present, the death benefit will be given to the deceased's estate. Normally, the death benefit is handed out within 30 days of receiving death certificate documentation.
Who is the beneficiary of a life insurance policy's death benefit?Although you can theoretically select anybody or any organization as a beneficiary, the beneficiaries of a life insurance death benefit are typically your partner, children, or other close family members. You will specify how much of the death benefit each beneficiary should get when naming more than one beneficiary.
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given a two-year loan of $50,000 and an annual interest rate of 8 percent, how much interest will accrue during the life of the loan? (assume no principal payments during the term.)
$8,000 interest will accrue during the life of the loan. Interest is the payment of an amount above the principal sum by a borrower or deposit-taking financial institution to a lender or depositor at a specific rate.
How to calculate interest ?In finance and economics, interest is the payment of an amount above repayment of the principal sum by a borrower or deposit-taking financial institution to a lender or depositor at a specific rate by a borrower or depositor.
A customer would usually pay interest to borrow from a bank, so they pay the bank more than they borrowed; or a customer may earn interest on their savings, so they withdraw more than they originally deposited. In the case of savings, the customer is the lender, while the bank is the borrower.
It is calculated by multiplying the principal, rate of interest and the time period. The formula for Simple Interest (SI) is “principal x rate of interest x time period divided by 100” or (P x Rx T/100).
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cool scoops makes ice cream in two processes, mixing and packaging. during april, its first month of business, the packaging department transferred 50,800 units and $198,120 of production costs to finished goods. the company completed and sold 48,800 units at a price of $5.80 per unit in april. a. what is the cost to produce one unit of ice cream during april?b. what is the total gross profit on ice cream sales for april?
The cost to produce one unit of ice cream during April is $ 3.9 and the total gross profit on ice cream sales for April is $ 92,720.
Cost per completed unit:= Total production cost / Transferred unit
= $ 198,120 / 50,800
= $ 3.9
Total gross profit:= number of units sold × (selling price per unit – cost per unit )
= $ 48,800 × (5.8 - 3.9)
= $ 48,800 × 1.9
= $ 92,720.
By deducting the cost of items sold from revenue, gross profit—also known as gross income—is computed.Typically, fixed expenses are excluded from gross profit and only variable costs are included.A company's efficiency in employing its labor and resources to produce goods or services is measured by its gross profit.Unlike net profit, which takes into account all expenditures incurred by the entire organization, gross profit solely accounts for the cost of items sold.Gross margin, which shows what much of a company's income may be used to pay operational expenses, is a derivative of gross profit.Learn more about Gross profit, here
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programs through which congress provides money to state and local governments on the condition that the funds be employed for purposes defined by the federal government are called
Grants-in-aid was the program through which congress provides money to state and local governments on the condition that the funds be employed for purposes defined by the federal government.
What is a Grants-in-aid ?A government grant is money provided to assist a certain project or activity. In addition to private individuals, recipients include state, local, and municipal governments. Federal aid contributions are financed by income tax collections. Since these are grants rather than loans, there is no need to repay them; instead, funds must be used in accordance with the guidelines established by the federal government for that particular award.
With the help of a federal grant, the government can publicly fund a project while maintaining its independence from the state. Standards and conditions are attached to the money.
University faculty members may be given grants-in-aid to pursue a certain area of research, but there are limitations on how the funds may be utilized.
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the advantages of which type of business include ownership of all profits, freedom and flexibility, and ease and low cost of organization and dissolution?
The sole proprietorship is the advantage in the business including ownership of all profits, freedom, flexibility, and ease and low cost of organization and dissolution
What is a sole proprietorship?A sole proprietorship is a type of business that is owned and operated by one person and in which there is no legal separation between the owner and the business entity. It is also referred to as a lone tradership, individual entrepreneurship, or proprietorship. A sole proprietor may hire staff members and does not always work alone.The lone proprietor is solely responsible for all losses and obligations and receives all gains (subject to business-specific taxes). The owner of the firm is the owner of all of the company's assets and is also responsible for all of the company's debts. A trade name or business name other than the sole proprietor's or the business's legal name may be used. If their company name differs from their legal name, they might need to officially trademark it; the procedure will depend on where they live.To learn more about sole proprietorship, refer to https://brainly.in/question/5781838
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analyzing and computing dividends and effect of options exercises following is the stockholders' equity section of the intuit inc. balance sheet (dollars in millions, except par value; shares in thousands). changes in the company's outstanding shares are due to (1) treasury share purchases by the company and (2) issues of treasury shares for employee stock options. stockholders' equity ($ millions) july 31, 2014 july 31, 2013 preferred stock, $0.01 par value authorized-1,345 shares total; 145 shares designated series a; 250 shares designated series b junior participating issued and outstanding - none $ - $ - common stock, $0.01 par value authorized-750,000 shares outstanding-285,853 shares at july 31,2014 and 300,737 shares at july 31,2013 3 3 additional paid-in capital 3,558 3,198 treasury stock, at cost (6,430) (4,952) accumulated other comprehensive income (loss) (2) 20 retained earnings 6,405 5,607 total stockholders' equity $3,534 $3,876 a. in the fiscal year ended july 31,2014, intuit reported net income of $1,009 million. how much did intuit pay in dividends to its common shareholders?
The amount that Intuit paid in dividends to its common shareholders for the year ended July 31, 2014, was $211 million.
How are the dividends determined?The dividends paid to common stockholders are the total dividend declared less the amount paid to other stockholders like preferred.
Since no dividends were paid to others, the total amount declared was paid to the common stockholders.
We can compute the total declared dividends using the beginning and ending balances of the retained earnings and the net income for the period.
Retained earnings:Beginning balance $5,607
Net income 1,009
Ending balance (6,405)
Dividends paid $211
Dividends to preferred stockholders = $0
Dividends to common shareholders = $211
Thus, the dividends paid to the common shareholders were $211 million.
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which of the following statements are correct? multiple select question. when the workforce is basically fixed in the short term, managers must be cautious about how labor efficiency variances are used. companies should build inventory even if there is no immediate prospect of sale. excessive inventory contributes to inefficient operations. excessive inventory leads to low defect rates.
The labor efficiency variance measures the ability to utilize labor as expected. This variance is useful for highlighting areas in the production process that use more man-hours than anticipated. This variance is calculated as the difference between the actual labor hours used to produce a good and the standard amount that should be used, multiplied by the standard labor rate. If the variance results are unfavorable, there will likely be a review by the industrial engineer to see if the underlying process can be improved to reduce the number of hours of production required, using means such as:
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in 2022, wilma (who files as a head of household) reported regular taxable income of $150,000. she itemized her deductions, deducting $10,000 in charitable contributions and $2,000 in state income taxes. what is wilma's alternative minimum taxable income?
According to the given information, Wilma's alternative minimum taxable income is $152,000.
Total alternative minimum taxable income = Regular taxable income +
State tax income + Exemptions
There are no exemption claims in this question.
Regular taxable income =$150,000 and State tax income = $2,000
So, Wilma's alternative minimum taxable income = $150,000 + $2,000
= $152,000
Taxable income is the portion of your gross income that is used to determine your tax liability for a specific tax year. In general, it may be defined as adjusted gross income (AGI) less permitted standard or itemized deductions. Along with investment income and numerous unearned income streams, taxable income includes wages, salaries, bonuses, and tips.Earned income and unearned income both qualify as taxable income. Taxable unearned income includes forgiven debts, government benefits (such unemployment and disability payments), strike benefits, and lottery winnings. Taxable income also includes dividend and interest income, as well as revenues from the sale of valued assets during the year.Learn more about Taxable income, here
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you are repaying a debt you borrowed, by depositing $500 at the end of each month for n months. the interest rate is 12% per year. what is the interest that is paid as part of the a) nth $500 payment? b) (n - 3)th $500 payment?
You deposit $500 at the end of each month for n months in order to pay back a debt you borrowed. A 12% annual interest rate is charged. The interest is paid at a rate of 100n-300.
Money kept in a bank is referred to in the financial lexicon as a deposit. A deposit is a transaction in which money is transferred to a different party for safekeeping. Yet another definition of a deposit is a sum of money used as security or collateral for the delivery of a good. In general, a deposit is the amount of money that a bank has on hand.
One meaning of a deposit is when a portion of the money is utilized as a guarantee or deposit for the provision of goods or services. Transferring money to a third party, such a bank, for safekeeping constitutes a different type of deposit.
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zscaler started as an original equipment manufacturing firm (oem) for brand-name mobile device companies. later, it started offering a lineup of innovative and high-performance smartphones by acquiring buildit, a san francisco-based design firm. this strategic move of zscaler is known as
The strategic move of Zscaler is known as Forward Vertical Integration.
Forward Vertical Integration technique is a kind of business strategy in which a company takes charge or takes under control all the factors and all the stages which are present in the supply chain in creating its product. This strategy improves the business of the products of company by providing them a bigger market and distribution channel for the selling of their products. It increases profits as well as the efficiency within a company. Also, by using this strategy the delays which occur in distribution of the products get reduced to a large extent. There is also a decline in the transportation cost of the products in this strategy. Examples include Opening own retail shops at different locations in order to increase the product distribution.
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6. tech university has more than 10,000 students enrolling in courses each term. the management would like to develop a balanced scorecard to assess performance. assume students are the customers. (11.5) a) provide two financial measures tech university can use on its balanced scorecard. b) provide two internal business process measures tech university can use on its balanced scorecard.
Financial metrics (a) Return on Assets (ROA): To calculate the ROA, the institution divides the annualized investment in assets by the income received from student fees. Under the balance card strategy.
to deliver the precise performance that was anticipated at the time of strategy selection and to give each one of them a focus for its objectives and appropriate measures. A financial ratio known as return on assets (ROA) measures a company's profitability in relation to its total assets.
ROA can be used by corporate management, analysts, and investors to assess how effectively a company uses its resources to make a profit. Management, analysts, and investors can use ROA to assess how effectively a company uses its resources to make a profit.
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a lumber mill is capable of producing 10,000 board feet of lumber per day if run for ten hours with minimal breaks. over the past year, forestry legislation has reduced the availability of raw materials, so the mill has produced an average of 4,575 board feet per day. what is the design capacity of the plant? what is the utilization of the plant? if the mill usually operates at 80%, what is the effective capacity?
The design capacity of the plant is 10000, utilization is 45.75% and effective capacity is 8000.
The capacity of the lumber mill to produce boards per day = 10000 boards
Boards produced after reduction in raw material = 4575 boards
The design capacity of the plant is the maximum service capacity or output rate which is 10000 boards per day
Utilization = Boards produced after reduction/ Capacity to produce boards
= (4575/10000)*100 = 45.75%
Effective capacity: The maximum quantity of work that a company may accomplish within a specific time frame under the conditions of quality issues, delays, material handling, etc.
Effective capacity at 80% is: 80% of 10000 = 8000
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true or false: as a result of the check clearing for the 21st century act (check 21), auditors will only be able to obtain copies of paper checks when investigating possible fraud.
The statement that check clearing for the 21st century will let auditors obtain copies of paper checks during fraud investigation is False.
The Check Clearing for the 21st Century Act removes some of the legal barriers to check truncation in order to promote innovation in the payments system and increase its effectiveness. By introducing a new negotiable instrument known as a substitute check, the law makes it easier for banks to truncate original checks, process checks data electronically, and distribute substitute checks to institutions that still want to receive paper checks.
A substitute check has all the information found on the original check and is the same thing legally as the original check. The law does not force banks to issue substitute checks using the new authority given by the Act or to accept checks in electronic form. The audit team will only be able to collect electronic copies of checks because paper ones are typically destroyed.
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a manager walks around the kitchen every hour to answer questions and to see if staff members are following procedures. this is an example of which step in active managerial control?
One of the main responsibilities of organizational executives is managerial control. The managers and executives of an organization use it to establish performance standards, evaluate performance in light of those standards, and take any necessary remedial action.
What Does Active managemental control mean?In order to exert control over the risk factors for foodborne illnesses, industry management must actively include certain activities or procedures into how their company is run. Through a constant system of monitoring and verification, it embodies a preventive rather than a reactive approach to food safety.Industry can utilize a variety of techniques to give active managerial control over risk variables. The following are possible components of an efficient food safety management system:Certified food safety managers who have demonstrated their knowledge of the necessary material by completing a test that is a component of an accredited programStandard operating procedures (SOPs) for carrying out crucial operational processes, including cooling, during a food preparation processRecipe cards that outline the precise procedures for creating a food item as well as the key parameters for food safety, like the final cooking temperatures that must be watched and confirmedPurchase requirementsDesign and upkeep of equipment and facilitiesMonitoring techniques.To Learn more About managerial control refer to:
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Which situation best describes an opportunity cost? O A. A corporation that begins selling a new product sees its overall profits increase. B. A store that buys a shipment of computers can't afford to buy any new phones. C. An employee who earns a college degree is given a pay raise. о D. A business hires new employees to keep up with growing consumer demand.
Opportunity cost can be best described as the cost incurred in letting go of an opportunity in order to gain another.
In the above question, opportunity cost is best described by option B.
The company incurred the loss or cost of letting go of profit that could be gained in buying new phones. It instead chose to buy a shipment of computers. An opportunity cost always involves an instance of loss of opportunity 1 to gain opportunity 2.
In other words, Opportunity cost is a situation arising out of a conflict of interest and a business solution ensuring maximum profitability for an organization.
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the production possibilities frontier illustrates group of answer choices the combinations of output that an economy should produce. the combinations of output that an economy should consume. the combinations of output that an economy can produce. all of the above are correct.
The production possibilities frontier illustrates the combination of output that an economy can produce.
An economy is a place of the production, distribution and trade, in addition to consumption of goods and offerings. In popular, it's far described as a social area that emphasize the practices, discourses, and fabric expressions related to the manufacturing, use, and management of scarce resources'.
An economy is a machine of inter-associated production and intake activities that in the long run decide the allocation of resources within a collection. The manufacturing and intake of products and services as an entire satisfy the needs of those residing and running within it.
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______ is the change in total utility that results from the consumption of one more unit of a product.
The marginal utility is the difference in a consumer's overall utility caused by consuming one more unit.
How Does Marginal Utility Work?Marginal utility describes the additional enjoyment a consumer receives from having one more unit of a good or service. The concept of marginal utility is used by economists to predict how much of a good consumers would purchase.
The pleasure a consumer experiences from each additional unit of consumption is known as marginal utility. It determines the utility after the initial product is consumed. The marginal utility is the benefit you receive from buying a second bottle of water after first purchasing one.
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The doctrine that allows a creditor to seek recovery from the purchaser of assets even when the purchaser did not expressly assume such liabilities as part of the purchase is called?.
Successor Liability a rule of state law that permits a creditor to sue the buyer of assets for obligations that weren't taken on as part of a transaction. The idea of successor liability is more frequently used in the contexts of products liability, environmental cleanup, and employment law.
What is Successor Liability?
The idea of successor liability is more frequently used in the contexts of products liability, environmental cleanup, and employment law. In general, the asset acquisition process does not instantly transfer the seller's liabilities to the asset buyer. However, if a court decides that the requirements of one of the following exceptions are satisfied, the buyer may occasionally be held accountable for the seller's obligations:
The obligations are impliedly or expressly assumed by the buyer.According to state law, the deal constitutes a de facto merger.To know more about doctrine, refer:
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managers must conduct a review of the company's internal control system and issue a report of their effectiveness. this was enacted as part of sox in an attempt to .
To Reduce the opportunity for error and fraud.
Reduce the likelihood of error and fraud, combat the incentives for fraud, and emphasize the value of managers and employees' moral character.
What is the Sarbanes-Oxley Act and what does it do?Federal legislation known as the Sarbanes-Oxley Act of 2002 established stringent financial and auditing standards for publicly traded companies. To help shield shareholders, employees, and the general public from accounting mistakes and dishonest financial practices, legislators created the legislation.The law imposes stringent reforms to enhance corporate financial disclosures and stop accounting fraud. Additionally, it addresses topics like improved financial disclosure, corporate governance, internal control evaluation, and auditor independence.To learn more about : Sarbanes-Oxley Act
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