This question is incomplete because the options are missing; here is the complete question:
What effect does increasing economic interdependence have on the countries of the world?
A. Growing international trade and rising standards of living
B. Greater power for international organizations
C. Trade wars and the increase of protective trade policies
D. Loss of comparative advantage for developed countries
The answer to this question is A. Growing international trade and rising standards of living
Explanation:
In economics, interdependence refers to the economical dependence or compulsory relationship between countries through trade. This occurs because most countries specialize in a few services or products, and therefore need to trade with others to obtain products and services they do not produce. For example, Japan specializes in the production of technology but not in the agriculture products, and due to this, Japan needs to trade with other countries to obtain them.
In this context, one positive effect of economic interdependence is the growth of international trade because interdependence increases the imports and exports of countries as trade is necessary to supply the needs of most countries. Additionally, this rise the standards of living in the countries participation because the trade benefits economy and helps countries to develop.
Answer:
A i took the points I-I mean test
Explanation:
Five years ago, a customer purchased 1,000 shares of ABC stock at $60 per share. The stock has appreciated in value and is currently worth $100,000. The company announces that it is spinning off a subsidiary, DEF, to its shareholders. The value of the new company being spun off equals 10% of the old company. The customer will have:
Answer:
$54,000 cost basis in ABC; $6,000 cost basis in DEF
Explanation:
The original cost basis is the price that was paid for the shares. This means that 1,000 shares at $60 each gives a cost basis of $60,000.
Now if the subsidiary DEF is worth 10% of ABC which has a cost basis of $60,000, then the share of DEF that customers will have will be 10% of $60,000.
(10÷100) x $60,000 = 0.1 x $60,000
= $6,000.
Now, if DEF is worth $6,000 (i.e 10%) of ABC, then ABC's worth will now be $60,000 - $6,000 = $54,000.
The original cost basis is that price that was paid for the shared initially. This means that it has no effect on the increase in value of the shares.
Cheers.
The Fed has decided to expand the money supply, leading to lower interest rates. As a partner in a tech start-up, you react to these lower interest rates by deciding to expand your operations and begin marketing your new artificial intelligence prototype. What impacts would this decision have on the macroeconomy
Answer:
reducing unemployment and raising GDP and increasing the investment part of GDP
Explanation:
This is the expansion monetary policy. Hiring more people results in business expansion, which reduces unemployment. In addition, more goods and services will be available that will increase GDP as a result of trade expansion. Finally, as business investment increases, so does the share of investment in GDP.correct answer is reducing unemployment and raising GDP and increasing the investment part of GDPYou invest $100 in stocks and sell them one year later for $115. Use the instructions in Lesson 3 to calculate the ROI dollar amount and percentage. (2.0 points) TIP: Subtract the initial investment from the total return to get the ROI dollar amount. Then divide the ROI dollar amount by the initial investment, and multiply that number by 100 to get the percentage.
Answer:
ROI in dollar amount = $15
ROI in percentage = 15%
Explanation:
Given:
Initial investment = $100
Sale value = $115
Find:
ROI in dollar amount
ROI in percentage
Computation:
⇒ ROI in dollar amount = Sale value - Initial investment
ROI in dollar amount = $115 - $100
ROI in dollar amount = $15
⇒ ROI in percentage = [ROI in dollar amount / Initial investment]100
ROI in percentage = [$15 / $100]100
ROI in percentage = 15%
Answer:
15%
Explanation:
At a decision point in a decision tree, which machine would you select when trying to maximize payoff when the anticipated benefit of selecting machine A is $45,000, with a probability of 90%; the expected benefit of selecting machine B is $80,000, with a probability of 50%; and the expected benefit of selecting machine C is $60,000, with a probability of 75%?
Answer:
machine C
Explanation:
A decision tree shows the possible outcomes from making different decisions based on cost, probability and profit. Expected benefit is the product of value of an outcome and the probability.
The different machines expected benefits are:
Expected benefit for machine A = $45000 × 90% = $45000 × 0.9 = $40500
Expected benefit for machine B = $80000 × 50% = $80000 × 0.5 = $40000
Expected benefit for machine C = $60000 × 75% = $60000 × 0.75 = $45000
Since machine C has the expected benefit, it be selected so as to maximize payoff
According to the rule of 72, if the GDP of the A.pex Federation is growing at
1.9% per year, its economy will double in approximately how many years?
A. 32 years
OR
B. 38 years
According to rule 72, if the GDP of the Apex Federation is growing at 1.9% per year, its economy will double in approximately 38 years. The correct option is b.
What is GDP?GDP is a monetary measure of the market value or the market value of all the final goods and services produced and sold in a specific time period by a country or countries, generally "without double counting the intermediate goods and services used up to produce them".
GDP is most often used by the government of a single country to measure its economic health. Due to its complex and subjective nature, this measure is often revised before being considered a reliable indicator. GDP per capican does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore, using a basis of GDP per capita at purchasing power parity may be more useful when comparing living standards between nations.
While nominal GDP is more useful comparing national economies on the international market.
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An agent wants to sell a highly valuable unregistered, nonexempt security to a customer. The agent has the client sign a waiver indicating that the security is not registered, so the security may be sold legally per the Uniform Securities Act. This sale of the security is
Answer:
D) illegal because provisions of the Uniform Securities Act cannot be waived
Explanation:
According to the Uniform Securities Act, it refers to that act in which there is a uniform law or the same law that is to be followed state to state
Since in the question it is mentioned that the agent wants to sell a highly valuable i.e not registered also there is a client sign so it would be sold as per the act but this scenario represents the illegal act and also it could not be waived off.
Which is an accurate comparison of corporate income taxes and individual income taxes? Corporate income taxes are just about equal to individual income taxes. Corporate income taxes are less than a quarter of individual income taxes. Corporate income taxes are over twice as much as individual income taxes. Corporate income taxes are approximately 50 percent of individual income taxes.
Answer:
Corporate income taxes are approximately 50 percent of individual income taxes.
Explanation:
In the United States, corporate income tax rates have a flat rate of 21%, meaning that all corporations, regardless of profits, pay the same rate.
Individual income taxes, on the other hand, are progressive, meaning that the rates are different depending on income: the higher the income, the higher the individual income tax rate. However, the highest marginal rate is 37%, which is approxiametly twice as much as the flat corporate rate of 21%.
A school district needs to arrange transportation for at least 360 students for a field trip. The district can use large buses or small buses. The large buses hold 60 students each and have an operating expense of $300 for the day. The small buses hold 45 students each and have an operating expense of $200 for the day. The district only has chaperones for, at most, seven buses. What is the minimum cost for the transportation for the field trip if each bus has chaperones
Answer:
$1700
Explanation:
The total number of students are 360 and the best option in selecting large bus or small bus is the one with lowest cost per student.
Large bus cost per student = $300 / 60 students = $5 per student
Small bus cost per student = $200 / 45 students = $4.44 per student
This means that the small bus is the best option.
So by using hit and trail basis,
(45 students * 4 mini buses) + (60 students * 3 Large Buses) = 360 Students
As we have the limit for 7 buses, the above scenario is the best option here and the total cost for 4 mini bus and 3 large buses is as under:
Total Cost = $200 * 4 Mini Buses + $300 * 3 Large Buses
Total Cost = $800 + $900 = $1700
Answer:
1,700
Explanation:
its on edge
When a firm is given monopoly power, it loses its freedom of contract, and a governmental body is given the power to determine the provisions of its contracts. The government agency is providing ________.
Answer:
The government agency is providing basic and/or essential services that further deepen the interests of members of the public
Explanation:
The assertion that a firm with a monopoly power loses it freedom of contract is very true. Monopolies by its realities come with features that ultimately cater for the interests of the firm, instead of the consumers. One of these is charging an astronomical high price on a particular item of commodity, and not taking cognizance of the purchasing power of the public. A firm could to this, and ultimately get away because its the only delivering such services - the one with the enormous monopoly power. Here, there is no stiff competition among goods that may offer liberty of choices to ordinary consumers.
To mitigate these numerous power of monopolies, governmental body has been giving the power to regulate and maintain an oversight functions. They now determine the provisions of contracts. The main objective of government agency, thus, is to ensure a firm with a monopoly power considers the basic and essential interests of the members of the public - the end users. Here, members of the public are insulated from unnecesary exploitation by the monopolies.
Juan was preparing for a meeting and was given an estimate for new construction costs of $100 million. During the meeting, when asked for the range he estimate for new construction costs, Juan was fixated on the $100 million and gave a range near $100 million. This is described as:
Answer:
Anchoring bias.
Explanation:
In this scenario, Juan was preparing for a meeting and was given an estimate for new construction costs of $100 million. During the meeting, when asked for the range he estimate for new construction costs, Juan was fixated on the $100 million and gave a range near $100 million. This is described as an anchoring bias.
Anchoring bias is a phenomenon which involve individuals relying too much on an initial or pre-existing information such as the first information acquired when making decisions. It is simply a cognitive bias because the first piece of information acquired or gathered by the anchor (Juan) is what is used to make subsequent judgments during decision making or to favor his decision.
Review the following conversation:
Marcy: Dana, can I talk to you for a couple of minutes? We’ve been roommates for two years and I think I have a time management problem. I just don’t get enough done in a day. What do you think?
Dana: Tell me more. How did you decide that you have a problem?
Marcy: I never get everything done on my to-do list. The more I get done, the more I end up adding to the list.
Dana: What would solving the problem look like to you?
Marcy: Well, I’d get everything done on my list.
Dana: Is that
Answer:
Review of Conversation:
Marcy needed her roommate's advise on her supposedly time management problem. Dana, her roommate, was not one who offers unsolicited solutions. So, she gradually prompted Marcy to understand what her real problem was by asking leading questions. This approach by Dana eventually led Marcy to understand that she did not have any unique time management problem.
Explanation:
A review is a formal assessment or evaluation of a report or situation with the aim of summarizing it and to bring out changes if any. In this case, the review concentrated on the quality of the conversation between the two roommates and Dana's professional approach to problem-solving.
On April 12, Hong Company agrees to accept a 60-day, 10%, $5,900 note from Indigo Company to extend the due date on an overdue account. What is the journal entry needed to record the transaction by Indigo Company
Answer and Explanation:
The Journal entry is here below:-
Accounts Payable Dr, $5,900
To Notes payable $5900
(Being the note payable is recorded)
we are debited the accounts payable as it decreased the liabilities and we credited the notes payable as it increased the liabilities in order to do the correct journalizing and posting
Strategists should: Select one: a. Understand the nature of principal-agent and principal-principal conflicts to create better governance mechanisms. b. Develop firm-specific capabilities to differentiate on governance dimensions. c. Understand the rules, anticipate changes, and be aware of differences, especially when doing business abroad. d. All of the above.
Answer:
d. All of the above.
Explanation:
A strategist can be defined as any individual who is knowledgeable, intuitive, brilliant, intelligent in planning the best way to achieve aims, goals and overwhelming success in a particular task or area. They are very good at strategizing the best way to gain advantage in real life situations.
Generally, a strategist should be very good at setting goals, identify the best to achieve these goals and using available resources to execute his plans.
Hence, a strategists should:
a. Understand the nature of principal-agent and principal-principal conflicts to create better governance mechanisms.
b. Develop firm-specific capabilities to differentiate on governance dimensions.
c. Understand the rules, anticipate changes, and be aware of differences, especially when doing business abroad.
Also, a strategist should use his knowledge about corporate governance in answering the four (4) fundamental questions in strategy, which are;
- Why are we (organization) here?
- What do we (organization) stand for?
- Where are we heading (mission and vision)?
- How do we get their (goals)?
On December 31 of the current year, the unadjusted trial balance of a company using the percent of receivables method to estimate bad debt included the following: Accounts Receivable, debit balance of $98,800; Allowance for Doubtful Accounts, credit balance of $1,121. What amount should be debited to Bad Debts Expense, assuming 5% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible
Answer:
Amount of Bad debts expenses is $3,819
Explanation:
Estimated balance of allowance for doubtful debts account = Accounts receivables * 5%
= $98,800 * 5%
= $98,800 * 0.05
= $4,940
Calculation
Estimated balance of allowance for doubtful debts account = $4,940
Less: Un adjusted credit balance in allowance account = ($1,121)
Bad debts expenses= $3,819
The un-adjusted credit balance is deducted from the estimated balance of allowance accounts. The un-adjusted debit balance is added to the estimated balance of allowance accounts.
Claremont Company specializes in selling refurbished copiers. During the month, the company sold 180 copiers at an average price of $3,000 each. The budget for the month was to sell 175 copiers at an average price of $3,200. The expected total sales for 180 copiers were.
Answer:
$576,000
Explanation:
Since the company sold 180 copiers, each at $3,000
175 budgeted for the month was sold at $3,200
Therefore, we sum the above
$3,000 + $3,200
=$6,200
Also, multiply the above outcome with the actual copiers sold
$6,200× 180
=$1,116,000
Therefore; to get the expected total sales for 180 copiers;
$3,000 × 180
=$540,000
Then
=$1,116,000- $540,000
=$576,000
Dave and Ellen are newly married and living in their first house. The yearly premium on their homeowner's insurance policy is $450 for the coverage they need. Their insurance company offers a 5 percent discount if they install dead-bolt locks on all exterior doors. The couple can also receive a 2 percent discount if they install smoke detectors on each floor. They have contacted a locksmith, who will provide and install dead-bolt locks on the two exterior doors for $50 each. At the local hardware store, smoke detectors cost $7 each, and the new house has two floors. Dave and Ellen can install them themselves.
a. How many years will it take Dave and Ellen to earn back in discounts the cost of the dead-bolts?
b. How many years will it take Dave and Ellen to earn back in discounts the cost of the smoke detectors?
c.Would you recommend Dave and Ellen invest in the safety items, if they plan to stay in that house for about 5 years?
Answer:
1.Annual discount for dead-bolts $22.50
Recovery period 4.44 years
2.Annual discount for smoke alarms $9.00
Recovery period 1.5 years
3. Yes
Explanation:
1. Calculation for the years it will take Dave and Ellen to earn back the cost of the dead-bolts
a. We were going to calculate for the Annual discount for dead-bolts using this formula Annual discount for dead bolts =Discount percent × Annual premium
Let plug in the formula
Annual discount for dead-bolts =0.05 × $450
Annual discount for dead-bolts =$22.50
b. We are to find Recovery period using this formula Recovery period=Cost of dead bolts / Annual discount for dead-bolts
Let plug in the formula
Recovery period= (2 × $50) / $22.50
Recovery period=100/$22.50
Recovery period= 4.44years
2. Calculation for the years it will take Dave and Ellen to earn back the cost of the smoke detectors
a. We are going to calculate for the Annual discount for smoke alarms using this formula Annual discount for smoke alarms =Discount percent × Annual premium
Let plug in the formula
Annual discount for smoke alarms =0.02 × $450
Annual discount for smoke alarms =$9.00
b. We are going to find the Recovery period using this formula Recovery period=Cost of smoke alarms / Annual discount for smoke alarms
Let plug in the formula
Recovery period=(2 × $7) / $9.00
Recovery period=14/$9.00
Recovery period= 1.5 years
3. Yes I Would recommend both Dave and Ellen to invest in the safety items, if they plan to stay in that house for about 5 years as they should recover most of their costs within the planned tenancy of the house and for their personal safety they should install the items regardless of all the recovery time period.
An increase in household saving causes consumption to a. fall and aggregate demand to increase. b. rise and aggregate demand to increase. c. rise and aggregate demand to decrease. d. fall and aggregate demand to decrease.
Answer: d. fall and aggregate demand to decrease.
Explanation: When household savings increase, the consumption will fall, as the money which should be spent on consumption such as food, clothing and other products will reduce in other to foster household saving. Also, aggregate demand which is used to measure the total amount of demand for goods and services produced in an economy will also decrease as increase in aggregate demand will inadvertently lead to decrease in household saving.
Therefore, increase in savings requires reduction in spending and demand for products.
Consumption is termed as the process of consuming goods and services by the customers or the households. This is also known as the degree of quantity demanded as it depends on the power of consumption of the individual.
The correct answer is d. fall and aggregate demand to decrease.
When household savings increase, consumption falls because the money available for consumption, such as food, clothes, and other goods, is reduced in order to encourage household savings.
Furthermore, aggregate demand, which is used to assess the overall degree of consumer spending generated in an economy, would fall since a rise in consumer spending will accidentally result in a drop in household savings.
As a consequence, growing savings necessitates lowering expenditure and product demand.
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Suppose you are a manager at an advertising agency who is eager to utilize Covey's advice about delegation. Today, you need to work on a
presentation for a potential new client. This requires delegating a routine status report about an ongoing advertising campaign to Joanne. By
delegating the status report to Joanne, she has
for its completion.
Available Option Are:
Juanita must have authority over the resources and personnel needed to complete the status report You should help Juanita with the status report, to the extent you have timeJuanita will have full responsibility for the assignment Juanita will be held accountable for the results of the assignment.Answer:
Correct Options are 1, 3 and 4.
Explanation:
She also has authority to access the legitimate resources to complete the status report in due time. Hence Option 1 is correct.
However, after delegating the assignment to Joanne. I am not responsible to help her complete the task. I may have responsibility of reviewing the status report but I am not responsible for helping her to complete the status report whenever I am free. Hence Option 2 is incorrect.
The reason is that after delegating the task to Juanita with authority and responsibility to complete the assigned task, she is now responsible to complete the status report as the task is assigned to her. Hence option 3 is correct
If Juanita's status report was not difference making or in simple words the purpose of the status report was not fulfilled then she will accountable for the outcome. Hence Option 4 is correct.
Verizon offers to buy a laser printer with a case of paper and an extra cartridge from Office Depot for $200. In response to the offer, Pam, Office Depot's representative says "okay, but no paper and no extra cartridge." Pam has a. rejected the offer and made a counteroffer. b. made a counteroffer without rejecting the offer. c. accepted the offer. d. rejected the offer without making a counteroffer. e. formed a valid but unenforceable contract.
Answer:
a. rejected the offer and made a counteroffer.
Explanation:
Counteroffers are mostly prevalent in business negotiations. A counteroffer is an indication that the initial price or condition presented by the offeror was rejected and a new offer is made by the other party. The contract becomes valid when the counteroffer is accepted by the second party.
In the negotiations between Verizon and Office Depot, an initial offer of a laser printer with a case of paper and an extra cartridge, all for $200 was made by Verizon to Office Depot. Office Depot made a counteroffer, which indicates that the initial offer was rejected. In their counteroffer, they only agreed on a laser printer, without paper and an extra cartridge.
Which of the following is an advantage of having a moderate level of organizational conflict? It encourages distorted perceptions and stereotypes. It helps reduce organizational politics. It energizes people to evaluate alternatives. It boosts employee motivation. It promotes organizational cohesion.
Answer:
It energizes people to evaluate alternatives.
Explanation:
The organizational conflict refers to disputes at work because of differences of opinions, needs, interests, among others. This conflict should not be eliminated but used in a beneficial way because a moderate level of conflict can be necessary to have different views on a matter which can improve the work and find the best way to handle things. According to this, the answer is that the advantage of having a moderate level of organizational conflict is that it energizes people to evaluate alternatives.
The other options are not right because encouraging distorted perceptions and stereotypes would be considered a disadvantage. Also, moderate conflicts won't reduce efforts some people make to influence others to follow their ideas and it won't increase employee motivation as it can sometimes affect it when there is a dispute. Additionally, moderate conflict won't promote organizational cohesion because it can make it hard at certain moments for employees to work together and as a single unit.
A price ceiling A. is an illegal price. B. is the maximum price that can legally be charged. C. is the price that exists in a black market. D. Both answers A and B are correct. E. Both answers B and C are correct.
Answer:
The correct answer is the option B: is the maximun price that can legally be charged.
Explanation:
To begin with, the concept known as "price ceiling" in the economics field refers to the practice that the government uses in order to establish a maximun price that is the one that can be legally charged to the consumers regarding certain products. This policy comprehends an instrument for the government that it uses it with the purpose to guarantee particular products or services that might be essential to the society so therefore the people can buy it.
A 10-year corporate bond has a 6 percent coupon, a call premium of $60, and a first call date in year 4. Market interest rates are 6.5 percent and are expected to rise for an extended period. If you plan to hold the bond, which yield should you most consider before buying the bond
Answer:
YTC = 8.3%
Explanation:
you should calculate the yield to call (YTC)
YTC = {coupon + [(call value - market value)/n]} / [(call value + market value)/2]
but we first need to calculate the market value:
PV of face value = $1,000 / (1 + 6.5%)¹⁰ = $532.73
PV of coupons = $60 x 7.18883 (PV annuity factor, 6.5%, 10 periods) = $431.33
market price = $532.73 + $431.33 = $964.06
YTC = {60 + [(1,060 - 964.06)/4]} / [(1,060 + 964.06)/2] = 83.985 / 1,012.03 = 8.3%
Country A would have an absolute advantage over Country B in the
production of computers under what circumstance?
Answer:
If country A is able to produce the same units of computers at a lower cost than country B under similar production conditions.
Explanation:
If under similar conditions of input and production process, country A is able to produce more units of computer than country B, then A is said to have an absolute advantage over B.
By definition, absolute advantage is the capacity of an establishment, person, country, or organization to produce a higher output with similar input and production process when compared to another establishment, person, country, or organization.
In other words, an entity will have an absolute advantage over another if the former is more efficient in its production.
Answer:
Companies in Country A can produce computers at a lower cost.
Explanation:
k12 ^_^
Creation of an advertising campaign for Tony's Pizza that will appeal to 6- to 12-year-olds is best described as what part of the final step in the marketing research approach, to take marketing actions
Answer:
Implementing action recommendations.
Explanation:
Market research refers to the collection of strategies that are used to collect information and recognize a specific market for a product. Businesses use this knowledge to produce better goods, enhance customer experience, and create a brand image that will draw leads in performance and create conversion rates. As per the question, research marketing formulates the necessary actions required for its growth and the creation of an advertising campaign reflects the implementation of the action recommended.
Give difference between thermoplastics and thermosetting plastic ?
Answer:
Thermoplastic becomes soft and melt when heated.They can be formed into desired shape. WHILE
Thermoset do not melt even at high temperature. once it softens, it can be moulded and can be moulded only once
mark, a civil engineer, entered into a contract with david. as per the contract, mark agreed to design and build a house for david for a specified fee. mark provided david with an estimation of the total cost and the contract was mutually agreed upon. however, during construction, when mark increased the price due to a miscalculation on his part, david refused to pay the amount. this scenario is an example of a _____ mistake.
Answer:
Unilateral Mistake
Explanation:
In a contract between two parties, a unilateral mistake occurs when one party in the contract makes a mistake regarding cost, the definition of a term or word, or measurement. The outcome of such a mistake is usually a conflict between the two parties. To resolve this problem, the contract could be canceled (if the other party becomes aware of the mistake), or reformed (if only one party is aware of the mistake).
When Mark made a mistake about the cost of building the house for David, he made a unilateral mistake as the mistake was committed by him alone. David's refusal of the amended cost is resulting in a conflict that would likely lead to the cancellation of the contract.
According to the government accountability office, fraud and abuse account for nearly _____ percent of all dollars spent on health care.
Answer:
10
Explanation:
A survey and analysis was carried out in the government accountability office and it was discovered that the money spent on healthcare across the country was as a result of underlying factors such as fraud and abuse in diverse forms which led to varying degree of hospitalization.
The government accountability office noted that fraud and abuse accounted for nearly 10 (Ten) percent of all dollars spent on health care.
A firm is issuing new debt to finance some capital investment project. The firm will issue 20,000 new $1,000 face-value bonds that will mature in 20 years. The bonds have a coupon rate of 8% and are currently priced at par. The flotation costs that are associated with this new bond issue are expected to be $10 per bond. Further, the company has a marginal tax rate of 34%. Given this information, the before-tax cost of debt is _______________.
Answer:
8.09%
Explanation:
the coupon paid by each bond = $1,000 x 8% = $80
the net amount of money received from each bond = $990
n = 20
now we must find the yield to maturity:
YTM = {coupon + [(face value - market value)/n]} / [(face value + market value)/2]
YTM = {$80 + [($1,000 - $990)/20]} / [($1,000 + $990)/2] = $80.50 / $995 = 0.0809 = 8.09%
Which of the following characteristics apply to unit investment trusts? I) Most are invested in fixed-income portfolios. II) They are actively-managed portfolios. III) The sponsor pools securities, then sells public shares in the trust. IV) The portfolio is fixed for the life of the fund.
Answer:
I) Most are invested in fixed-income portfolios.
IV) The portfolio is fixed for the life of the fund.
Explanation:
Unit investment trusts is one in which Pools of money is invested in a portfolio which is fixed for the life of the fund. This is generally stocks and bonds which are redeemable units to investor for specific time. These investment portfolio have no board of directors. This is a type of mutual fund which offers investors having fixed portfolio of securities having definite life.
Rose, a minor, purchased a new car from Sheehan Buick for $5,000. Rose later, while still a minor, elected to disaffirm the purchase and notified Sheehan of her decision. She also requested a full refund of the purchase price. Sheehan refused, and Rose brought an action to invalidate the contract and to seek a refund of the purchase price. What will be the likely result
Answer:
refund
Explanation: