To say that a price ceiling is nonbinding is to say that the price ceiling:.

Answers

Answer 1

When the quantity demanded of a good is less than the quantity supplied, a price ceiling is nonbinding. A price ceiling is a rule that forbids a price from exceeding a particular amount. When a government institutes a price ceiling, it is usually to keep costs low for consumers.

The government usually seeks to lower the cost of items that are considered necessities for lower-income individuals or families, such as food or housing. The price ceiling can be set above the current market price, in which case, it is considered nonbinding. If the price ceiling is set below the market price, the ceiling is binding. If the market price is above the price ceiling, the price ceiling is ineffective. When the quantity demanded exceeds the quantity supplied, a price ceiling is considered binding. A non-binding price ceiling is an ineffective price ceiling.

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Related Questions

Disadvantages of choosing a job that is extremely popular or in demand

Answers

The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.

What is a high demand job?

This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.

The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.

The number of qualified persons may become more than the job that is available for the people to do in the long run.

Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.

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Al must build 25 radios before he receives $20. What schedule of reinforcement is being used?.

Answers

Al won't get $20 until he builds 25 radios. There is a fixed-ratio reinforcement schedule in place.

What exactly is fixed-ratio reinforcement?

A fixed-ratio schedule is a reinforcement schedule in operant conditioning in which a response is reinforced only after a certain number of responses. Essentially, the subject provides a predetermined number of responses, after which the trainer provides a reward.

A fixed-ratio schedule has the advantage of producing a high, consistent rate of response with only a brief pause after the delivery of the reinforcer. By looking at it, you can understand what the term "fixed-ratio reinforcement schedule" means.

The term "fixed" refers to the regular distribution of rewards. The number of responses required to receive reinforcement is referred to as the "ratio."

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n the two-sector (manufacturing and agriculture) specific-factors model, suppose that a country has a comparative advantage in manufacturing output. Will workers be better or worse off following the opening of trade with other countries? Group of answer choices Workers will be better off because both nominal and real wages increase. Workers may be better off or worse off because the real wage in terms of the agricultural good falls and the real wage in terms of the manufactured good rises. Workers will be better off because the nominal wage increases. Workers may be better off or worse off because the real wage in terms of the agricultural good rises and the real wage in terms of the manufactured good falls.

Answers

Answer:

Workers may be better off or worse off because the real wage in terms of the agricultural good falls and the real wage in terms of the manufactured good rises.

Explanation:

Because the country has comparative advantage in manufacturing, opening to trade means that the manufacturing sector will grow because it will now export goods to other parts of the world. This will increase the real wages of manufacturing workers.

However, the country does not have a comparative advantage in agriculture, and this means that the agricultural sector will likely shrink, because consumers will be able to access cheaper and higher quality agricultural goods from other regions. This will cause agricultural workers' wages to fall.

mrs. arnold is spending all her money income by buying bottles of soda and bags of pretzels in such amounts that the marginal utility of the last bottle is 70 utils and the marginal utility of the last bag is 50 utils. the prices of soda and pretzels are $1 per bottle and $0.8 per bag, respectively. it can be concluded that

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it can be concluded that Mrs. Arnold can increase her total utility by reallocating her spending from soda to pretzels.

In this scenario, Mrs. Arnold's marginal utility for soda is 70 utils, while the marginal utility for pretzels is 50 utils. The prices of soda and pretzels are given as $1 per bottle and $0.8 per bag, respectively. To maximize her total utility, Mrs. Arnold should allocate her spending in a way that the marginal utility per dollar spent is equal across all goods. Since the marginal utility per dollar spent on soda (70 utils/$1) is higher than that of pretzels (50 utils/$0.8), it indicates that Mrs. Arnold should reallocate some of her spending from soda to pretzels.

By doing so, she can increase her total utility because each dollar spent on pretzels would yield a higher marginal utility compared to soda. Therefore, she can achieve a more efficient allocation of her money income by buying more pretzels and fewer bottles of soda.

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Waller Comp, purchased equipment for S24,000. The company is constdenne whether to determine annual depreciation using the straight-lane method or the declitung-balance method at 150 percent of the straight-1,1e tate. Waller expects to use the equipment for 10 years. At the end of which it will have an estimated salvage valueef 54.000. Prepare a comparison of these IWO alternatives for the fast two yews Waller will oun the equipment

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Answer:

Waller Company

Comparison of Straight-line Depreciation and Declining Balance Methods

                                 Straight-line method          Declining balance method

Cost of equipment          $24,000                              $24,000

1st year depreciation exp.    1,860                                   2,760

Net book value                   22,140                                 21,240

2nd year depreciation exp.  1,860                                   2,371.50

Ner book value                  20,280                                18,868.50

Explanation:

a) Data and Calculations:

Cost of purchased equipment = $24,000

Duration of useful life = 10 years

Estimated salvage value = $5,400

Depreciable amount under the straight-line method = $18,600

Depreciation expense per year under the straight-line method = $1,860 ($18,600/10)

Under the declining balance method:

The depreciation rate = 10% * 150% = 15% per year

Depreciation expense for the first two years:

Year 1, 15% of $18,600 = $2,760

Year 2, 15% of ($18,600 - 2,760) = $2,371.50

Describe the effect an increase in i, the interest rate applied to the present value, has on the monthly payment P in the formula.

Answers

An increase in the interest rate (i) in the formula for calculating the monthly payment (P) will result in a higher monthly payment.

In the formula for calculating the monthly payment, an increase in the interest rate (i) will have a direct impact on the monthly payment (P). Specifically, an increase in the interest rate will result in a higher monthly payment.

The formula for calculating the monthly payment, typically used for loans or mortgages, is given by:

P = [i(1 + i)^n] / [(1 + i)^n - 1] * PV

Where:

P = Monthly payment

i = Interest rate applied to the present value

n = Number of payment periods

PV = Present value (loan amount)

When the interest rate (i) increases, the numerator of the equation becomes larger, which leads to an increase in the monthly payment (P). This is because a higher interest rate means a higher cost of borrowing, and the borrower must pay a larger amount each month to cover both the principal amount and the increased interest charges.

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analyse the impact of an enterprise using break even analysis to make business decisions

Answers

Answer:

Using break-even analysis in your feed and grain business can help you understand and examine the profit drivers of your business. It is a very useful tool that can help you understand how much you need to sell to cover your costs and how pricing, cost, and volume changes impact these needed sales.

Which of the following is NOT a resource?
A
water
B.
food
C.
land
D.
jewelry

Answers

Answer:

D

Explanation:

It was never made when Earth was made

Answer:

jewelry not resource this is a correct answer

Why does this occur?

Answers

This has to be asked in context.

Omer Service Reading
QUESTION 9 of 10:
happens when there is not enough staff to handle the customers.
OOOO
a) Customer service
b) Employment laws
c) Overstaffing
O d) Understaffing
Submit

Answers

The answer that makes most sense is D

The owner of an apartment complex with long term financing in place wishes to sell in Year Four of the mortgage loan. Which clause in the note and mortgage or deed of trust should be examined for its potential economic impact?
- exculpatory
- defeasance
- indemnity
- default

Answers

When the owner of an apartment complex with long term financing in place wishes to sell in Year Four of the mortgage loan, the defeasance clause in the note and mortgage or deed of trust should be examined for its potential economic impact.

What is the defeasance clause?

The defeasance clause is a mortgage provision that allows a borrower to pay off a portion of the loan balance and regain full title to the property if the borrower makes the required payments. The borrower usually has to pay a fee to exercise the defeasance clause's provisions.

The defeasance clause enables the borrower to reduce the interest rate on the loan while still keeping the property, providing the borrower with more flexibility to handle the mortgage payments. The defeasance clause may be an alternative to selling the property, which might not be desirable due to current economic circumstances or other factors.

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4) Activity 5: Check for ONE Make Your Stand: After graduation you decide to establish your own business. How will you organize it given the life cycle below? 1, Birth 2. Youth 3. Midlife 4. Maturity​

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The business lifecycle can be defined as the phases that a business goes through since its conception. It is important that when opening your own business, you understand the phases of the business life cycle to better understand the business and develop strategies to help the business succeed.

1. Birth:

It is the stage where the business is created. In this phase, the company's facilities must be organized, strategic planning, hiring employees, buying stocks and publicizing the inauguration.

2. Youth:

At this stage, the business is becoming known in the market and is starting to generate positive financial results. It is a phase where the focus must be on customer loyalty and on the balance between expenses and income.

3. Middle age:

It is the phase where the business already has a clientele and has already conquered its market share, in this phase the quest is to ensure greater positioning and market leadership.

4. Maturity:

The company has already conquered a loyal clientele and supports itself, in this phase that can last for decades, the business is already consolidated and positioned. The focus therefore must be on maintaining market leadership and differentiation from competitors.

Therefore, the business lifecycle will help the entrepreneur to better manage and control market situations that directly impact the business.

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Suppose that the U.S. government wanted to strictly regulate chocolate production in the United States, and they were considering a law that would demand that all chocolate manufacturers put only certain percentages of chocolate in chocolate bars. If Theo Chocolates wanted to take action to make sure that law wasn’t passed, what should they do? Check all that apply.A. Have Joe reach out to the politicians he knows and explain why the law would harm the chocolate industry.B. Create a political action committee to distribute money to politicians who support Theo Chocolate’s position.C. Hire a professional lobbyist to represent Theo Chocolates’ concerns in Congress.D. Avoid giving favors to politicians who will vote against the new law.

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Which examples demonstrate tasks commonly performed in Visual Arts jobs? Check all that apply. Cliff sets up video equipment at a music concert. Rhonda installs and repairs home electronic equipment in customers’ homes. Gary attends a state fair to sell his handmade clothing in a booth. Christopher dances in a large ballet production on a stage. Yolanda uses a computer tablet to draw an illustration for a textbook. Shirley has a meeting with a customer to discuss a wedding she will be photographing.

Answers

Answer:

3

5

6

Explanation:

What would it mean to our economy if the government took control of how and when businesses operate? Furthermore, what if they also began seizing bank accounts and/ or property?

Answers

What it would mean is that they would have control of everyone
We wouldn’t be able to do anything by ourselves with our own things
Since they would have control of our property and even bank accounts
It is technically taking away our life

The graph of the relationship between expected return and beta in the CAPM context is called the A. CML B. CAL C. SML D. SCL.

Answers

Answer:

The graph of the relationship between expected return and beta in the CAPM (Capital Asset Pricing Model) context is called the SML (Security Market Line

Explanation:

The SML represents the linear relationship between the expected return of an investment and its systematic risk, which is measured by beta.

It depicts the trade-off between risk and return for an individual security or a portfolio of securities.

The slope of the SML is determined by the risk-free rate of return and the market risk premium.

Securities above the SML are considered undervalued, while those below it are overvalued, according to the CAPM framework.

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Henry conducted a survey on an ad done by his company. In the survey, he asked people to evaluate the ad and state whether they found it extremely poor poor good, very
good, or excellent. What kind of test is Henry conducting in this survey?
A
day after recall test
entals of
ment UA
B.
Interview test
C. rating scale test
D. open-ended test
Reset
Next
Page 2 of
© 2020 Edmentum. All rights reserved.
tv
MacBook Air

Answers

Answer:

C. rating scale test

Explanation:

A rating scale test is a type of data collection method used to gather comparative information about a specific research subject. It is a multiple-choice question that allows survey respondents to assign a value to the question asked.

This data collection method enables survey respondents to express their feelings, perceptions, interests, and preferences on the sibject matter. Different rating scales include numerical scales, heart rating scales, and Likert scales.

Answer:

I think the answer is rating scale test! hope this helped

Perfection of a security interest takes place:
Question 3 options:
O upon the creditor's possession of the collateral.
O upon attachment in the case of a purchase money security interest in consumer goods.
O upon the filing of a financing statement.
O all of the above.

Answers

The correct answer is: O all of the above. Perfection of a security interest can occur through different methods, and it depends on the specific circumstances and type of collateral involved.

The options listed all represent valid methods of achieving perfection:

Upon the creditor's possession of the collateral: In some cases, the creditor can perfect their security interest by taking physical possession of the collateral. This is typically applicable to certain types of tangible assets.

Upon attachment in the case of a purchase money security interest in consumer goods: A purchase money security interest (PMSI) is created when a creditor provides financing to a debtor for the purchase of specific goods. In this case, the security interest is perfected upon attachment, meaning when the security agreement is created and the creditor has a valid security interest in the goods.

Upon the filing of a financing statement: A financing statement is a document filed with the appropriate government agency (such as the Secretary of State) to give public notice of the creditor's security interest. Filing a financing statement is a common method to perfect a security interest in many types of collateral, especially non-possessory assets like accounts receivable, inventory, or equipment.

Therefore, all of the options mentioned can represent valid ways to achieve perfection of a security interest, depending on the circumstances and nature of the collateral.

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QUESTION 4 Risk Management: The following phrase defines/explains Tier 1: • Tier 1 addresses the risk of an organization from the view of establishing and implementing a Governance structure that are inline with the strategic goals and objectives of organizations and the requirements defined by federal laws, directives, policies, regulations, standards, and missions/business functions. It also defines the following: o Structure • Establish the risk management strategy • Governance True O False

Answers

True By doing so, Tier 1 ensures that risk management is embedded in the organization's decision-making processes and aligns with its strategic direction.

The statement is true. Tier 1 in risk management refers to the level that focuses on establishing and implementing a governance structure aligned with the strategic goals and objectives of the organization. It involves ensuring compliance with federal laws, directives, policies, regulations, standards, and missions/business functions. Tier 1 is responsible for defining the risk management strategy and governance framework within the organization. This includes setting up the necessary structures and processes to effectively manage risks and ensure that risk management practices are integrated into the overall governance framework

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Suppose the CPI level is 295.00 at the beginning of a year and 303.00 at the end of that year. What was the inflation rate for the year? %. (Note: answer should be listed to two decimal places.)

Answers

The inflation rate for the year is 2.71%.

What percentage represents the increase in CPI?

The inflation rate is calculated by finding the percentage change in the Consumer Price Index (CPI) from the beginning to the end of a specific period. In this case, the CPI level at the beginning of the year was 295.00, and at the end of the year, it was 303.00. To calculate the inflation rate, we need to find the percentage change between these two values.

First, we calculate the difference between the ending CPI and the beginning CPI: 303.00 - 295.00 = 8.00.

Next, we divide this difference by the beginning CPI: 8.00 / 295.00 = 0.0271.

To express this as a percentage, we multiply by 100: 0.0271 * 100 = 2.71%.

Therefore, the inflation rate for the year is 2.71%.

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(true) or (false)? when a preference in bankruptcy exists, there is no preference of one creditor over other creditors.

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The statement "when a preference in bankruptcy exists, there is no preference of one creditor over other creditors" is false because when a preference in bankruptcy exists, it means that one creditor has received preferential treatment over other creditors.

This happens when a debtor repays one creditor in full or transfers assets to one creditor shortly before filing for bankruptcy while leaving other creditors with less or nothing.

The preference is seen as unfair because it gives the preferred creditor an advantage over others and reduces the debtor's estate available to pay all creditors.

To prevent this unfairness, bankruptcy law allows the trustee to avoid or undo certain preferential transfers and recover the transferred property or its value. The recovered property or value is then distributed fairly among all the creditors.

The purpose of avoiding preferences is to promote equality among creditors and prevent any creditor from receiving more than they are entitled to receive.

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True or False: Organizations often add enticements such as relocation assistance and career development programs to attract better applicants. This is the only benefit to having these programs.

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The given statement "Organizations often add enticements such as relocation assistance and career development programs to attract better applicants." is True organizations often add enticements such as relocation assistance and career development programs to attract better applicants.

These programs not only attract better applicants, but they also provide additional benefits to both the employees and the organization. For instance, career development programs help employees improve their skills and knowledge, leading to increased job satisfaction and retention rates.

Furthermore, such programs foster a positive work environment, resulting in higher employee engagement and productivity. Meanwhile, relocation assistance eases the burden of moving for new employees, allowing them to focus on their new role and adapt to the organization more quickly.

In summary, while these programs do attract better applicants, they also provide numerous other benefits, such as employee skill enhancement, increased job satisfaction, and improved productivity, which ultimately contribute to the overall success of the organization.

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Use the following information for the next two items: With Corporation entered into a lease with Argh Leasing, Inc. for a new equipment on January 1, 2020. The lease stipulates that annual payments of P1,000,000 will be made for five years starting December 31, 2020. The present value of the lease payments on January 1, 2020 is P3,791,000, discounted using With's incremental borrowing rate of 10%. The equipment is depreciated on a straight- line basis, and will revert to the lessor at the lease expiration. The company is subject to the regular corporate income tax rate of 30%. Based on the information above, answer the following: 1. What amount should be reported as net deferred tax liability (asset) as at December 31, 2020? 2. What amount should be reported as deferred tax expense (income) for the year ended December 31, 2021?

Answers

1. What amount should be reported as net deferred tax liability (asset) as at December 31, 2020?The straight-line basis is utilized for depreciation of the equipment, which implies that the yearly depreciable amount for the equipment is P758,200 [3,791,000 / 5].

The expense for interest is P379,100 for the year, which is calculated by multiplying the lease liability's starting balance by the incremental borrowing rate (P3,791,000 x 10 percent).

Since lease expense is greater than lease payment, the present value of the lease obligation will be P4,170,490. This is the beginning lease liability.In the first year,

the deferred tax liability will be P109,047, calculated as follows:Book depreciation expense of P758,200 x 30% = P227,460Tax depreciation expense of P3,791,000 x 30% = P1,137,300

Taxable income = (P1,000,000 - P758,200 - P1,137,300) = P104,500P104,500 x 30% = P31,350

Tax expense of P31,350 - P1,000,000 cash paid = (P968,650)Deferred tax liability of P968,650 x 11.28 percent (the enacted tax rate of 34% in the future) = P109,047

Therefore, the net deferred tax liability is P109,047 - P0 = P109,047.2.

What amount should be reported as deferred tax expense (income) for the year ended December 31, 2021?The deferred tax liability is P109,047 on December 31, 2020, based on the previous question.

For tax and book reasons, the lease liability will increase by P379,100 and will be P4,549,590 (P4,170,490 + P379,100).The book depreciation expense of P758,200 and the tax depreciation expense of P1,137,300 remained the same in year 2,

however the taxable income became a benefit of P379,500 (P1,000,000 - P758,200 - P1,137,300 - P379,100).The expense for taxes is P113,850, which is the tax benefit of P379,500 x 30%.

The deferred tax expense for the year is P91,918, which is calculated as follows:

Deferred tax liability on December 31, 2021, is P109,047 x 34% (the enacted tax rate of 34%) = P37,067

Deferred tax liability on December 31, 2020, was P109,047

Deferred tax expense = (P109,047 - P37,067) - P0 = P71,980

The company should report a deferred tax expense of P71,980 for the year ended December 31, 2021.

Therefore, the correct option is (D) P71,980.

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Taxes on cigarettes are designed to a. lower the price to reflect their true benefits b . encourage farmers to grow more tobacco . raise the price to reflect their true costs d. restrict sales to government-owned stores

Answers

Answer:

c

Explanation:

A tax is a compulsory sum levied by the government or an agency of the government on goods and services. Taxes increases the price of a good. the aim of tax on cigarettes is to increase the price of cigarettes. this should discourage consumption of cigarettes. taxes on cigarette reflect the true cost of consuming cigarettes

When a company records the payment to its employees for the work performed during the accounting period. What does it record?

Answers

When a company records the payment to its employees for the work performed during the accounting period. it records Debit Salaries and Wages, Expense, Credit Cash

Wages payable alludes to the wages that a company's representatives have earned, but have not however been paid. Beneath the gathering strategy of accounting, this sum is likely recorded with an altering entry at the conclusion of the accounting period so that the company's balance sheet will incorporate the sum as a current liability. accrued wages are treated as a debit to the wages account, with an offsetting credit to the gathered wages account. Once the worker is paid the sum due, the entries would switch by the beginning of another announcing period.

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where does a bill go if it is introduced and passed in the house of representatives?

Answers

The bill goes to the Senate if it receives a simple majority (218 votes out of 435). The bill is referred to another committee in the Senate and, if it is released, is the subject of debate and voting. Again, the bill is approved by a simple majority (51 of 100).

What happens to a bill when it is introduced?

A bill is given to a committee when it is introduced, and the committee's members will study, debate, and alter the measure. The chamber is then presented with the bill for a vote. A bill moves to the Senate for consideration after passing the House. This involves review by a Senate committee or subcommittee, which is comparable to a bill's journey in the House. Before a measure may be submitted to the President for signing into law, it must pass both bodies in the identical form. A bill becomes a law if it has been adopted by the President and both the U.S. House of Representatives and the U.S. Senate, or if a presidential veto has been overridden.

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the three different ways to reduce the possibility of an unauthorized pii disclosure include:

Answers

This involves setting up user authentication, authorization, and role-based permissions to limit access to sensitive personal identifiable information (PII) only to authorized individuals.

Robust access controls establish a system where individuals must provide valid credentials, such as usernames and passwords, to gain access to sensitive PII. Role-based permissions further restrict access based on job responsibilities and the need-to-know principle. By implementing these measures, organizations can enforce strict access restrictions, reducing the likelihood of unauthorized disclosure. Additionally, regularly reviewing and updating access controls can help detect and address any potential vulnerabilities or unauthorized access attempts promptly.

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What are the issues the company
will face if it suffers a devastating fire and will be unable to
produce products for the next 18 months. What is the action plan
that will minimize the impact on the c

Answers

If a company suffers a devastating fire and cannot produce goods for the next 18 months, it is likely to face a variety of issues, including loss of revenue and market share, as well as potential legal and regulatory consequences.

An action plan can be developed to reduce the impact on the company by taking specific steps.

Here are the issues the company will face if it suffers a devastating fire:

Loss of revenue: The inability to produce products for 18 months will result in a significant loss of revenue for the company. This may cause the company to lose its market position and profitability, which can lead to bankruptcy.

Legal and regulatory consequences: The fire and its aftermath may have legal and regulatory implications. The company may face legal claims from its employees, shareholders, and other stakeholders. Additionally, regulatory bodies overseeing workplace safety and environmental standards may impose fines and penalties.

Loss of market share: The company may lose its market share and brand value due to the fire. Customers may lose faith in the company and its products, leading them to switch to more reliable competitors.

The following steps can be taken to minimize the impact on the company:

Implement a business continuity plan: Develop a business continuity plan (BCP) that outlines steps to cope with the effects of the fire. The BCP should include a contingency plan for product distribution and identify alternate production sites or partners.

Regular testing and review of the plan is essential to ensure its effectiveness.

Rebuild the company's reputation: After the fire, the company needs to rebuild its reputation. It should take measures to reassure customers, employees, and other stakeholders that it is actively addressing the situation and implementing measures to prevent future incidents. Compensation may be offered to those who suffered due to the fire.

Collaborate with stakeholders: The company should collaborate with its stakeholders to address the issues arising from the fire. This includes working closely with employees, suppliers, and regulatory bodies to resolve legal and regulatory implications.

The company may also consider strategic partnerships with other companies to meet its production needs during the recovery period.

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which situation is an example of skimming?

a) pop-up windows on a computer asking for you pin
b) a retailer scanning your credit card to steal its number
c) bank statements stolen from your garbage
d) a phone call from someone pretending to be a bank employee

Answers

i believe the correct solution is b

Answer:

B.) a retailer scanning your credit card to steal its number

Explanation:

How should you dress for a phone interview? (Site 1)
online content

Answers

Answer:

You should at least have a nice top on because only the camera will see that. If you are a girl you could just wear a dress, probably a black one because that is what I wore to my interview yesterday because there is no pattern or anything it's just a plain black one, but that was in person. if you're a guy you need to wear a suit and tie,but you could probably just wear shorts because they won't see the bottom half of you

Explanation:

I hope this helps out a little bit :-)

An interview is a formal process by which an employee is assessed for his/her performance by the employer.

For a phone interview, one should be dressed properly as the interviewer can see you through the camera.

For a girl, you should be dressed nicely and no revealing or extra shiny clothes should be wore.

In the case of a man, one should be properly dressed in suits or formal shirts.

Try to wear dark black or blue coloured clothes and sit in a properly lighted area.

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