Larue buys an iPod for $150 and a new laptop for $1,200 and signs a one-year employment contract for a $4,800 monthly salary to start at the beginning of the next month. The Statute of Frauds covers the employment contract, and the laptop and iPod purchases.
In regulation, fraud is intentional deception to comfortable unfair or unlawful advantage, or to deprive a sufferer of a felony proper. Fraud can violate civil law (e.g., a fraud sufferer can also sue the fraud culprit to keep away from the fraud or recover economic repayment) or crook law (e.g., a fraud perpetrator can be prosecuted and imprisoned by the governmental government), or it can purpose no lack of cash, assets, or felony proper however nonetheless be an element of some other civil or criminal wrong.
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a gross profit ratio of 55% indicates that: multiple choice for each $1 of sales, the company generates $0.55 in gross profit. for each $1 of gross profit, the company generates $0.55 in net income. for each $1 of net income, the company generates $0.55 in gross profit. for each $1 of gross profit, the company generates $0.55 in sales.
A gross profit ratio of 55% indicates that .The company generates $0.55 in gross profit Option A is correct
The gross profit of a business is determined by subtracting the total sales from the total cost of the goods sold. All products sold by the business are included in the overall sales. All of the variable expenses related to sales are added together to form the overall cost of the products sold. When cost of goods sold (COGS) is subtracted from revenue, the result is a company's gross profit, which is displayed on its income statement (sales). These figures will appear on a company's income statement. Other names for gross profit include sales profit and gross income.
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Which inventory costing methods are based on assumptions that accountants make about the flow of inventory costs? (Check all that apply.)
a. LIFO
b. Specific Identification
c. FIFO
a & c
LIFO and FIFO are inventory costing methods primarily based totally on assumptions that accountants make approximately the glide of stock costs.
Companies assign costs to products during inventory costing, also known as inventory cost accounting. Incidental expenses like storage, administration, and market fluctuations are also included in these expenditures. In order to prevent corporations from overstating these costs, generally accepted accounting standards (GAAP) adopt standardized accounting guidelines.
Inventory costing is a component of inventory management. A supply chain's proper inventory management lowers overall inventory costs and aids in deciding how much of a product a company should hold. All of this data aids businesses in determining the necessary margins to allocate to each product or product category.
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Robert hired James, a CPA to prepare his tax return. James was too busy and delegated the work to Sara, also a CPA. This delegation is..a) enforceable, as Sara is also a CPAb) enforceable, as there was no expectation that James would do this work c) not enforceable, as Robert hired James to perform a personal service d) not enforceable, as this violates public policy
The correct option is C. Robert hired James, a CPA to prepare his tax return. James was too busy and delegated the work to Sara, also a CPA. This delegation is not enforceable, as Robert hired James to perform a personal service.
Delegation refers to the transfer of obligation for precise obligations from one individual to every another. From a control perspective, delegation occurs when a supervisor assigns unique duties to their employees. Delegation promotes efficiency and promotes flexibility. It allows work to be achieved via exceptional human beings in distinctive ways thereby ensuring an excessive level of achievement and fulfillment of targets. This additional outcome in the stability of workloads. Delegation promotes powerful verbal exchange.
There is a lack of self-confidence in a few subordinates. Another trouble in delegation is that a few subordinates aren't willing to absorb the responsibilities or authority due to the fact they're complacent. They do now not want to do more paintings.
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when forecasting future financial needs, the funds a firm must raise externally by issuing new bonds or by selling new stock are called .
The process of selling shares to raise capital is known as equity financing.Companies raise money for a variety of reasons, including a short-term need to pay bills or a long-term objective that requires funds to support growth.A company effectively transfers ownership of their business in exchange for cash by selling shares.
Equity financing can be used to finance private companies as well as public companies that are listed on an exchange. However, equity financing is also used to finance public companies.
Common equity and other equity or quasi-equity instruments like preferred stock, convertible preferred stock, and equity units with common shares and warrants are all examples of equity financing.
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the time series competitive efforts section of the competitive intelligence report which provides every company's management team with a means of reviewing how the regional competitive efforts of any company of interest have changed over the years is particularly useful for:
In a case whereby the Series Competitive Efforts section of the CIR is particularly useful for drawing conclusions about the levels of competitive effort your company's closest competitors may employ in the year.
What does the term management mean?Management is the process of carrying out the work or activity required to achieve an organization's objectives in an effective and efficient manner. The procedure implies the management duties. Therefore, there is involvement in planning, organizing, staffing, directing, and managing.
Why is management so important?To achieve organizational goals, a manager's role is to provide overall direction and guidance for everyone's actions. Increased efficiency: Management promotes productivity through efficient planning, organizing, managing, and directing, which in turn helps the company run more efficiently.
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you invest $2000 a year each year until age 55 at 7% per year. how much money will you have generated towards retirement at age 55?
$7700money will you have generated towards retirement at age 55
invest(% per year.*year)*age=retirement money
2000(7%*1)=140*55=7700 Any plan, fund, or scheme that provides retirement income is referred to as a pension fund, also known as a superannuation fund in some countries. Pension funds are the largest investors in both publicly traded and privately held businesses since they often have a lot of capital to invest. They are particularly crucial to the stock market, which is dominated by big institutional investors. The combined assets of the top 300 pension plans total around USD $6 trillion. Pension funds hold more than $33.9 trillion in assets globally, according to a PricewaterhouseCoopers estimate from 2012. This makes them the largest category of institutional investors, surpassing mutual funds, insurance companies, currency reserves, sovereign wealth funds, hedge funds, and private equity. The Federal Old-Age and Survivors Insurance Trust Fund is the largest public pension fund in the world, with $2.66 trillion in assets.
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Which of the following devices is considered an output peripheral?
A. monitor
B. mouse
C. touchpad
D. keyboard
Explanation:
monitor is an output peripheral. it shows the results of what you've done in your system
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tugwell inc. budgeted 10,700 pounds of direct materials costing $23.50 per pound to make 5,100 units of product. the company actually purchased and used 11,000 pounds of direct materials costing $26.00 per pound to make the 5,100 units. what is the direct materials quantity variance?
The company actually purchased and used 11,000 pounds of direct materials costing $26.00 per pound to make the 5,100 units and 100,700 unfavorable is the direct materials quantity variance.
Direct material quantity variance could be a a part of the materials value variance that happens thanks to the distinction between the particular amount of direct materials used and therefore the commonplace amount allowed for the output. Direct materials amount variance is additionally called direct material usage or volume variance.
Direct material costing is the the price of direct materials which might be simply known with the unit of production. for instance, the value of glass could be a direct materials cost in lightweight bulb producing. The manufacture of product or merchandise needed material because the prime part.
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sarah emails joyce to let her know about a job opening. what is sarah's role in the communication process?
Sarah's role in the communication process is Sender.
There are also different elements in the system, and those two factors are gifts in the shape of the sender and the receiver. The conversation procedure begins with the sender and ends with the receiver. A sender is a person, institution, or business enterprise who initiates the communication.
The definition of a sender is someone who caused something to be sent to a recipient. An example of a sender is the person that placed a letter in the mailbox. a person who sends. additionally known as a source or a transmitter, a sender is a device that originates, or generates, a statistics switch to 1 or greater receivers.
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In a perfectly competitive market, each firm produces its last unit at: the same marginal cost. one of several marginal costs. a unique marginal cost. one of two marginal costs.
In a perfectly competitive market, a firm stops producing, that is producing the last unit, at the same marginal cost. Because in such a market firm is a price taker and in long run, all firms produce equally and thus face the same marginal cost.
Hence option a is correct.
The marginal cost is the difference in total production costs caused by making or producing one more unit. Divide the change in production costs by the change in quantity to calculate the marginal cost.
The goal of marginal cost analysis is to determine when an organization can achieve economies of scale in order to optimize production and overall operations. If the marginal cost of producing one additional unit is less than the per-unit price, the producer may profit.
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module 11 assignment: public goods and oer public goods are often thought to be goods or services that are provided by the government, but that confuses cause and effect. what exactly are the characteristics of a public good? hint: who provides the public good is not one of the characteristics. consider open educational resources (oer), for example, open textbooks. these are available free online from companies like openstax college and lumen learning. make a case for why oer can be considered public goods. hint: who covers the cost of providing these products and why is that relevant to your answer?
Public goods are those goods which are non excludedable and non rival. Option B.
They are public good because one's that are in public domain they are non rival and non excludedable. Anybody can read them and nobody can be stopped from reading them. In other words they can't be charged for reading them. Those who upload them bears initial cost.
A public good refers to a commodity or carrier that is made to be had to all individuals of a society. generally, these services are administered by way of governments and paid for collectively thru taxation. Examples of public items consist of regulation enforcement, countrywide defense, and the guideline of regulation.
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if a taxpayer's interest in a passive activity is transferred by gift, how are the suspended losses treated?
if a taxpayer's interest in a passive activity is transferred by gift, they are included in the property's foundation for the done.
Who is a taxpayer?Any person or business that owes taxes to the federal, state, or local governments is referred to as a taxpayer.
Taxes on both individuals and businesses are the main source of funding for governments.
Taxpayers can be broadly divided into two groups: individuals and corporations.
Individuals - Taxpayers who must pay taxes on their income fall under this category.
Corporations: These taxpayers are required to pay tax on the profits they made from their business operations the previous year.
A corporation that is unqualified to choose or has chosen not to apply the system made available by this Directive is referred to as a non-taxpayer.
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Under a periodic inventory system Oa. accounting records continuounly disclose the amount of inventory Ob. a separate account for each type of merchandise is maintained in a subndiary ledger Oc. Merchandise Inventory is debited when goods are returned to vendors Od. a phytical imventory is taken at the end of the pertod
Physical inventory is taken as part of a periodic inventory system at the conclusion of each month. The right response in this case is option D.
The periodic inventory system involves routine inventory updates. Inventory is recorded in the purchase account under the periodic inventory system up until the physical count is performed, at which point it is moved to the inventory account.
The periodic inventory method has the benefit of eliminating the requirement for separate accounting for inventories of raw materials, work-in-progress, and finished items. The only thing that is noted is purchases.
Physical counts are used in periodic inventory systems to measure inventory levels. After every sale or buy, the perpetual approach updates inventory records continually while keeping track of the inventory balance.
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Single plantwide factory overhead rate The total factory overhead for Cypress Marine Company is budgeted for the year at$900,000, Cypress Marine manufactures two types of boats; speedboats and bass boats. The speedboat and bass boat each require 10 direct labor hours for manufacture. Each product is budgeted for 400 units of production for the veat: a. Determine the total number of budgeted direct labor hours for the year. direct labor hours b. Determine the single siantwide factory ovethead rate, Round your answer to two decimal places. per dih c. Determine the factory overhead allocated per unit for each product using the single plantwide foctory overnead rate. Speedboats 1 per unit Bast boats 1 per unit:
The total number of budgeted direct labor hours for the year is 3600
Direct labor hours are one of the most widely used allocation grounds in small-business manufacturing. Management must first estimate the entire number of direct labor hours that are anticipated to be used throughout the year before using them as part of the allocation base.
Employees who are directly involved in production make up direct labor in manufacturing businesses, whereas service-based businesses use direct labor from employees who deliver services. Some businesses may classify direct labor in accordance with a particular product, cost center, or work order.
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The current spot exchange rate is $1.50/€ and the three-month forward rate is $1.55/€. Based on your analysis of the exchange rate, you are confident that the spot exchange rate will be $1.62/€ in three months. Assume that you would like to buy or sell €1,000,000. What actions do you need to take to speculate in the forward market? What is the expected dollar profit from speculation?
A) Sell €1,000,000 forward for $1.50/€.
B) Buy €1,000,000 forward for $1.55/€.
C) Wait three months, if your forecast is correct buy €1,000,000 at $1.62/€.
D) Buy €1,000,000 today at $1.50/€; wait three months, if your forecast is correct sell €1,000,000 at $1.62/€.
b. Buy the 1,000,000 Euros forward for $1.55/Euros is the action which needs to be taken to speculate in the forward market
An over-the-counter market known as a forward market determines the price of a financial instrument or asset for future delivery. Although a variety of assets can be traded on forward markets, the phrase is most frequently used to refer to the foreign currency market. In addition to commodities markets, it can also be used to describe interest rate and security markets.
The term "forward market" refers to the market where assets, financial instruments, and forward contracts are traded and their prices are set. A market like this is utilized for the trading of instruments.
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sonnagh sold a personal residence on june 30, under an agreement in which the real estate taxes were not prorated between the buyer and the seller. what amount qualifies as a deduction from agi for sonnagh?
$7,328 is the amount that qualifies as a deduction.
How to calculate deductions?Keep in mind that Sonnagh sold home on June 30 but continued to pay taxes on it for an additional two months (July and August).
Therefore, 121 days (his stay of four months) / 184 days (the six-month period) [$5,250 + $430 + $3,500] = $7,382
He probably subtracts more from the state sales tax than the state income tax.
Incomplete question. Here's the full question:
Sonnagh paid the following taxes during the year:Tax on residence (for the period from March 1 through August 31) =$5,250State motor vehicle tax (based on the value of the personal use automobile) =$430State sales tax =$3,500
State income tax =$3,050Sonnagh sold personal residence on June 30 of this year under an agreement in which the real estate taxes were not prorated between the buyer and the seller.
What amount qualifies as a deduction from AGI for Sonnagh? a. $9,180b. $9,130c. $7,382d. $5,382 e. None of the above
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in order to avoid inequalities in the liquidation process, the legal doctrine of setoff effectively treats loans from partners to the partnership as:
To eliminate disparities throughout the liquidation process, the legal theory of setoff regards debts from partners to the partnership as: A. external loan that can be used to offset a deficit capital account balance
capital account balance
All international capital transactions are recorded in a country's capital account. The influx and outflow of cash in the form of investments and loans are used to calculate income and expenditure. A deficit suggests that more money is going out than is coming in, whereas a surplus indicates that more money is coming in.
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if a firm's goal is to leverage home-based core competencies in foreign markets, it should pursue a(n) strategy.
If a firm's goal is to leverage home-based core competencies in foreign markets, it should pursue an international a(n) strategy.
A market is a composition of systems, establishments, processes, social relations or infrastructures wherein events interact in change. even as parties might also change items and offerings through barter, maximum markets rely upon sellers providing their items or offerings to customers in change for money.
A marketplace is described because the sum total of all of the consumers and dealers within the vicinity or vicinity underneath consideration. The area may be the earth, or nations, areas, states, or towns. The cost, cost and fee of objects traded are as in step with forces of supply and demand in a marketplace.
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unique creations has a monopoly position in magnometers. if the marginal cost for a mag-nometer is $50 and the price elasticity for magnometers is -4, what is the profit-maximizing markup?
The profit-maximizing markup.A monopoly should select a price where demand is elastic in order to maximise its profit. At the point where MR=MC, a monopolist seeks to maximise profit.
The marginal revenue for a monopolist is determined as follows: marginal revenue = change in total revenue/change in output. Demand that is elastic (e > 1) results in positive marginal revenue, while demand that is inelastic (e 1) results in negative marginal income. When demand exhibits unitary elastic behaviour (e = 1), marginal revenue is zero. Therefore, a monopolist should create and maximise profits when demand is elastic. Profit-maximizing price is 600 at 100% makeup. After thinking about the problem, fixing it, and figuring out the price that would maximise profits, we are left with.The marginal revenue for a monopolist is determined as follows: The difference between total income and output is the marginal revenue.
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aggregate expenditure is the sum of: consumption, exports, and planned investment. planned investment, government expenditure, exports, and imports. consumption, planned investment, government expenditure, and net exports. consumption, planned investment, imports, and taxes.
The consumption function was just discussed, yet total expenditure is made up of more than just consumption: Total aggregate expenditure = C + I + G + (X – M).
The present market value of all the finished goods and services in the economy is known as aggregate expenditure in economics. It is the total of all the economic expenditures made by the factors over a given time period. The formula for total spending is AE=C+I+G+NX.
The equation is written as follows: Total expenditure = sum of household consumption (C), investments (I), government spending (G), and net exports (NE) (NX).
Consumption (C): The total annual household consumption.
The amount spent on capital goods is referred to as the investment (I).
Federal, state, and municipal government spending is indicated by the letter "G," or "government expenditure." Infrastructure or transfers are examples of government spending that raise the total amount spent by the economy.
Net exports (NX) are the sum of all exports minus all imports.
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Provide an example of how a company could make modifications to their business operations to incorporate sustainable best practices. How could these modifications be measured in terms of triple bottom line?.
Divide the organization's backside line into three categories: social, environmental, and economic.
Represent every category in phrases of advantages and costs. Calculate internet profits the use of typical accounting strategies to represent the the first of the three bottom lines.
Why is triple bottom line important?A more sustainable future that considers both social and environmental sustainability.
Methods to set dreams and measure and enhance sustainable systems.
New methods to generate profit, such as attracting new customers who want to minimize their have an impact on on the environment.
Especially in cutting-edge marketplace, businesses that center of attention on social and environmental obligation can additionally beautify that more usual metric: profit. "Using the TBL framework opens up many probabilities to enlarge revenues, minimize charges and build loyalty," Horowitz said.
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brainly.com/question/17386608#SPJ4Sara withdraws $1,000 from her savings account at the lucky s&l, keeps $50 in cash, and deposits the balance in her checking account at the bank of illinois. What is the immediate change in m1 and m2?.
The spread, or the gap between the interest rates they pay on deposits and the interest rates they get on loans they make, is how they generate revenue.
What is the interest rate right now?The average national 30-year home loan APR is 6.53% as of Friday, December 02, 2022. The average 30-year variable refinance APR, as determined by Bankrate's most recent survey of the biggest mortgage lenders in the country, is 6.57%.
What is the average interest rate?Nominal Interest Rate: What Is It? The rate of interest before accounting for inflation is referred to as the nominal interest rate. The term "nominal" can also apply to the advertised or quoted rate of interest on a loan, which excludes any fees or interest compounding.
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what provides the information needed to assess discretionary policy and determine whether it is expansionary, contractionary, or neutral?
Expansionary or "loose" fiscal policy is defined as one that directly boosts aggregate demand through an increase in government spending. The opposite is...
What kind of policy is implemented to combat an expansionary or contractionary recession?Recessions are treated by expansionary fiscal policy. reducing aggregate demand through fiscal policy in order to constrict the economy, which will result in reduced output, increased unemployment, and a lower price level. To correct booms, fiscal policy is contracted.
What are some instances of fiscal policy that is expanding and contracting?When the Congress takes action to lower tax rates or increase government expenditure, the aggregate demand curve is moved to the right. This is known as expansionary fiscal policy. When Congress increases tax rates or reduces government expenditure, the shift in aggregate demand is known as a contractionary fiscal policy.
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Auditors are concerned about the _____ assertion for revenue transactions because clients are more likely to overstate sales than to understate them.
The occurrence assertion for revenue transactions is an issue for auditors since customers are more prone to overstate revenues than to understate them.
What is an assertion of occurrence?To ascertain if the transactions listed on financial statements actually occurred, apply the occurrence assertion. This can be anything from authenticating trade receivables balances by confirming that a sale occurred on the designated day to confirming that a bank deposit has been completed.
What are the revenue audit assertions?To guarantee that financial records and disclosures are accurate and appropriate, assertions need to be evaluated. Financial statements are correctly reported if all assertions for pertinent transactions or balances are met.
How can it be proven that revenue actually occurs?The need to check for revenue transfers cannot be overstated. The biggest challenge for the majority of organizations will be reversing figures from the general ledger or sales journal to source documents (invoices, shipping documentation, etc.).
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gantt charts are part 2 a. widely used network techniques. b. not easy to understand. c. planning charts used to schedule resources and allocate time. d. not widely used.
Gantt chart are planning charts used to schedule resources and allocate time, which means that option C is the right answer.
A Gantt chart is a very useful project management tool which helps to show how the work is completed over a period of time in comparison to the time planned for the work. This enable to create a comparative chart. It can include all kinds of data, dates, tasks assigned and other needful information and can help correlate the data. It is widely used by business firms to deal with project scheduling, systematic operations and production routines. As the project progresses, the chart's bars are shaded to show which tasks have been completed.
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which of the following is not an observed characteristic described by prospect theory? a. negativity dominance b. risk aversion to sure loss c. diminishing marginal utility d. endowment effect e. all of the above are described by prospect theory
the endowment effect is not an observed characteristic described by prospect theory.
Endowment effectThe endowment effect explains why people's mental values for an object change before and after they acquire or use it. People appreciate an owned thing more than a non-owned item. When a person possesses something, their impression of its utility grows.
However, Kahneman, Knetsch, and Thaler (1991) discover that the endowment effect persists even after controlling for wealth effects. When commodities are indivisible, a coalitional game can be set up in order to construct a utility function on all subsets of the goods.
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mo theory replaces resonance structures associated with electrons assigned to individual bonds with extended areas of electron density associated with electrons in bonding mos over the entire molecule.
MO theory replaces resonance structures associated with Localized electrons assigned to individual bonds with extended areas of electron density associated with Delocalized electrons in bonding MOs over the entire molecule.
A negatively charged subatomic particle known as an electron can be attached to or detached from an atom (not bound). One of the three main particle types found in an atom, along with protons and neutrons, is a bound electron.
Electricity, magnetism, chemistry, thermal conductivity, as well as gravitational, electromagnetic, and weak interactions are just a few of the physical phenomena that involve electrons.
MO theory replaces resonance structures associated with _____ electrons assigned to individual bonds with extended areas of electron density associated with ____ electrons in bonding MOs over the entire molecule.
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How geography and culture might influence the creation of free trade agreements
Answer:
This 'natural' geography of RTAs can be gauged against the actual one to provide an estimation of the economic consequences of a different geography of trade costs, closer to the predicted one. Among the economic determinants of an RTA, one should not miss the presence of global value chains (GVCs).
The primary obstacles to the expansion of international commerce are language and cultural barriers. The expenses of commerce will increase as differences grow.
What is culture?A culture is referred to as a set of beliefs, traditions, values, customs, and rituals, followed by an individual in a community in order to preserve their ancestor's belongings.
An agreement to establish a free-trade zone between the collaborating governments is known as a free-trade agreement under international law.
It aspires to create deeper trade and commercial connections between member nations and to lower or remove some barriers to investment and commerce.
Generally, trade agreements should benefit consumers by lowering trade barriers on foreign goods, increasing product diversity, granting access to higher-quality goods, and lowering prices.
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when might an organization choose to avoid a risk rather than assuming, transferring, or mitigating it?
if the cost of the control measures necessary to defend the organization against a recognized threat is prohibitive.
How does risk transfer work?As part of the risk transfer risk management technique, the risk is transferred to a third party. In other words, risk transfer is the process through which one party assumes the liabilities of another. The act of purchasing insurance is a common example of how risk is transferred from a person or business to an insurance company.
What is avoiding risks?Risk avoidance is the process of removing threats, exposures, and behaviors that could endanger a business's resources and operations.
Risk avoidance strives to completely avoid compromising situations, in contrast to risk management, which seeks to control the harms and financial repercussions of hazardous events.
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mentoring moment: the steps of the selling process drag and drop each of the following steps of the selling process into the correct order. when you have all the steps in the correct order, click the submit button.\
In the mentoring moment the submit button is for the selling process.
What is the Selling process?
The selling process starts with the presale preparation, identification of prospects and making a sales presentation in which a salesperson tries to convince the customer that the specify product or service can satisfy his need.
The eight stages in the Selling Process: Pre-Apprpach before selling, Approach to Customer, Sales Presentation and Handling Customer Objections.
It is a process by which a salesperson identifies and locates the prospects, separates the prospects from the suspects, approach them and makes a sales presentation, handles their objections and close a sale.
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