compared with a monopolist, the demand curve faced by a monopolistically competitive firm is group of answer choices perfectly inelastic. more inelastic. perfectly elastic. more elastic.
Answers
The demand curve that a monopolistically competitive business faces is more elastic than a monopolist's. Option 4 is Correct.
When there is monopolistic competition, a firm's demand curve is more elastic than when there is a monopoly. A monopolistically competitive firm's demand curve slopes downward, demonstrating some degree of market dominance. As each company provides a unique product, market power results from product differentiation.
A monopolistically competitive company's demand curve slopes downward. This suggests that a reduction in the price of an item causes an increase in the amount requested of that commodity. On the other hand, a completely competitive firm's demand curve is perfectly elastic, or a horizontal line. Option 4 is Correct.
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Correct Question:
Compared with a monopolist, the demand curve faced by a monopolistically competitive firm is group of answer choices
1. perfectly inelastic.
2. more inelastic.
3. perfectly elastic.
4. more elastic.
Related Questions
Which is NOT one of the similarity between projects and operations Both are Performed by Individuals Both are Limited by constraints (e.g.) Resources Both needs to be Planned, Executed, Monitored and Controlled Both are ongoing
Answers
Answer:
Both are ongoing
Explanation:
Remember, projects do not go on forever. Rather, projects are usually marked by deadlines. However, operations are simply ongoing activities in which resources are planned, executed, monitored and controlled by individuals.
which may be constrain
A none similarity between projects and operations is that, they both are not ongoing .
Why is it necessary to invest for retirement instead of saving for retirement?
Answers
Answer:
Compound interest is likely the most significant benefit of investing early in retirement. Though there's no guaranteed set rate of return, when you start saving for retirement earlier, you'll end up with more money with a smaller capital investment than if you wait until later in your career
Explanation:
If the government forces a natural monopoly to produce the output level at which P= MC, the firm will Fail to produce efficiently. Produce where ATC is at a minimum. Produce less than the profit-maximizing level of output. Incur losses.
Answers
The correct statement is that if the government forces a natural monopoly to produce the output level at which P=MC, the firm will produce efficiently, not fail to produce efficiently.
If the government forces a natural monopoly to produce the output level at which P=MC (where P is price and MC is marginal cost), the firm will produce efficiently, not fail to produce efficiently. This is because producing at the point where price equals marginal cost represents the economically efficient level of output, where resources are allocated optimally.
Produce where ATC is at a minimum is incorrect in this context. Natural monopolies are characterized by economies of scale, which means that their average total cost (ATC) decreases as output increases. However, producing at the minimum point of ATC does not necessarily correspond to the socially or economically efficient level of output.
Produce less than the profit-maximizing level of output is also incorrect. Natural monopolies have the ability to maximize their profits by setting output levels where marginal revenue equals marginal cost. In the case where the government forces the firm to produce at P=MC, it may still allow the firm to earn a reasonable profit, but not at the level that would maximize profits.
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QUESTION If the government forces a natural monopoly to produce the output level at which P= MC, the firm will O Fail to produce efficiently. O Produce where ATC is at a minimum. O Produce less than the profit-maximizing level of output. Incur losses.
Make an appointment to meet with the manager of an auto repair shop that uses standards. In most cases, this would be an auto repair shop that is affiliated with a national chain such as Firestone or Sears or the service department of a new-car dealer.
Required:
At the scheduled meeting, find out the answer to the following question and write a memo to your instructor describing the information obtained during your meeting.
What are the consequences of unfavorable variances? Of favorable variances?
Answers
Make an appointment to fulfill with the supervisor of an auto repair shop that uses requirements: seek and find a nearby facility. Use the repair estimate device to recognize greater restore prices. read articles from AAA car and vehicle care experts.
A car restores save is a status quo in which vehicles are repaired by means of automobile mechanics and technicians. typically, solving your broken automobile can be the first-rate choice – particularly if the upkeep will be covered by your vehicle coverage. shopping for a new car may be high-priced, leaving you with 5 or more years of debt, even as getting it repaired (relying on the damages) may cost a little a few thousand dollars.
Automobile restore refers to any mechanical and electrical repairs wanted. for instance, you would take your car to a car restore save to get the oil changed, restore a damaged tail light, or restore a busted transmission. something that has to do with the “guts” and inner additives of the auto, it truly is carried out at an auto restore shop.
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Marketing is defined as the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have ________ for customers, clients, partners, and society at large.
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Marketing is defined as the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.
It is the process of researching, promoting, selling, and distributing products or services to a target audience. Marketing can be broken down into four main components: research, promotion, sales, and distribution. Research involves understanding the needs and wants of the target market, as well as gathering information about competitors.
Promotion includes creating and delivering messages to the target audience about the benefits of the product or service. Sales involves convincing customers to purchase the product or service. Finally, distribution is the process of getting the product or service to the customer.
In order to be successful, marketing must be tailored to the needs and wants of the target audience. This requires understanding the customer’s needs, finding solutions to meet those needs, and then communicating those solutions in an effective way.
By doing this, companies can create offerings that have value for customers, clients, partners, and society at large.
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Assume that these estimates are expected to remain stable during 2009. Forecast 2009 sales for Rellable assuming that its aircraft prices remain constant at 2007 levels and that disposable personal income will increase by 7%. Also assume that the arc income elasticity you just computed is the best availsble estimate of income elasticity. Aircraft Sales 2009 Forecast: Forecast 2009 sales for Reliable given that its aircraft prices will increase by 6% from 2008 levels and that disposable personal income will increase by 7\%. Assume that the price and income effects are independent and additive and that the arc income and price elasticities you just computed are the best avallable estimates of these elasticities to be used in making the forecast. Aircraft Sales 2009 Forecast:
Answers
The forecasted sales for Reliable in 2009 can be calculated by considering a 6% increase in aircraft prices from 2008 levels and a 7% increase in disposable personal income.
To forecast the sales for Reliable in 2009, we need to consider the changes in both aircraft prices and disposable personal income. Assuming that aircraft prices remain constant at 2007 levels and disposable personal income increases by 7%, we can calculate the expected sales for 2009.
The income elasticity of demand measures the responsiveness of demand to changes in income. Since the arc income elasticity is considered the best estimate of income elasticity, we can use it in our forecast. However, it is important to note that the price and income effects are assumed to be independent and additive in this scenario.
By using the income elasticity of demand and considering the 7% increase in disposable personal income, we can estimate the change in demand for aircraft. Similarly, by considering the 6% increase in aircraft prices from 2008 levels, we can estimate the change in demand due to the price effect.
Combining these estimates, we can determine the forecasted sales for Reliable in 2009. This analysis takes into account the expected changes in aircraft prices and disposable personal income to provide a realistic estimate of sales for the upcoming year.
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Henderson Heating and Air has been a leader in producing heating and air conditioning units for use in private homes for more than 60 years. Over the past decade or so, consumers have begun to demand units that use less electricity, and Henderson has responded by making significant modifications to its products, thus making them far more energy efficient. What type of change describes Henderson's adjustments to its product line? a. Productive change b. Episodic change c. Disruptive innovation d. Continuous change
Answers
Henderson Heating and Air's adjustments to its product line can be categorized as continuous change. Continuous change is a gradual and ongoing process of making small modifications to products or processes in response to changing consumer demands or market conditions. In this case,
Henderson has responded to the growing demand for energy-efficient heating and air conditioning units by making significant modifications to its products over the past decade. These modifications were likely made in a step-by-step process, with each change building upon the previous one, to gradually improve the energy efficiency of their products.
Continuous change is an important strategy for companies like Henderson that operate in rapidly changing markets, where consumer demands and technological innovations are constantly evolving. By continuously adapting its product line to meet changing consumer needs, Henderson is able to stay competitive in the market and maintain its position as a leader in the heating and air conditioning industry.
In contrast, disruptive innovation is a type of change that involves the introduction of a completely new product or technology that disrupts the existing market and displaces established products or processes. Episodic change, on the other hand, refers to major, one-time changes that occur in response to a significant event or crisis. Finally, productive change involves making improvements to existing products or processes to increase efficiency or reduce costs, but without fundamentally altering the product or process itself.
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The type of change that describes Henderson's adjustments to its product line is continuous change. Continuous change is gradual, incremental, and ongoing, where companies make small adjustments or improvements to their products or processes over time to keep up with changing customer preferences and technology advancements.
In this case, Henderson has made modifications to its products over the years to meet consumers' demands for energy-efficient units. It is a continuous process of improvement rather than a sudden, drastic change.
On the other hand, disruptive innovation is a type of change that brings about a new product or service that disrupts an existing market, creating a new market or value network, while episodic change refers to changes that occur in response to specific events, such as mergers, acquisitions, or new regulations. Productive change, on the other hand, focuses on improving the efficiency and effectiveness of organizational processes.
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Technician a says that in a worm gear steering system, most excessive steering free play is usually found in the gearbox. technician b says that in a rack-and-pinion steering system, excessive free play can be found in the bushings. who is correct? choose one answer. a. technician a b. technician b c. both technician a and technician b d. neither technician a nor technician b
Answers
Answer:
b. technician b
Explanation:
Worm gear is the arrangement of gear like a worm in the vehicle. It has rack and pinion steering system. This setup provides smooth drive experience to the drivers. The excessive freeplay in such a setup is found in bushings.
Lime electric scooters ("e-scooters") are available for rent at various locations in major U.S. cities via a smartphone app. When Lime introduced the e-scooters in the U.S., the price per minute was 15 cents (plus $1 to unlock the scooter for each ride). Recently, the price has risen to 25 cents per minute (plus $1 to unlock). There are a number of e-scooter competitors in the U.S. market, all priced about the same as Lime. Interestingly, almost all of the scooters are built in one company in China, Ninebot. Although the scooters are essentially the same, there are cosmetic differences to differentiate the various brands Lime, Spin, etc.). Suppose a start-up company in the U.S. decides to create a new brand of rental e-scooters, Zing. Zing scooters will also be produced by Ninebot. Zing's plan is to have the e-scooters available in the same places the other brands are located and to have a smartphone app (because they are targeting current users of Lime and other brands), but plans to differentiate itself by charging a lower price per minute for rentals. How successful do you think Zing will be with this strategy? Begin your answer with either Successful or Unsuccessful, then briefly explain the reasoning behind your decision.
Answers
Zing, a new brand of rental e-scooters, is planning to differentiate itself from other competitors by charging a lower price per minute for rentals. This paper aims to discuss the strategy's chances of success or failure.
The new start-up company in the U.S., Zing, has come up with a plan to differentiate itself by offering rental e-scooters at a lower price per minute for rentals. However, other rental companies such as Lime and Spin also offer rental e-scooters for rent at approximately the same price. Zing's plan to lower prices might be a short-term success to attract new users. However, it might fail to survive in the long run due to increasing competition.
As they offer the same product with a different brand name and price, Zing's potential users might get attracted towards it in the beginning. However, in the long term, other rental companies might come up with new strategies to compete and survive in the market. Thus, it might get difficult for Zing to sustain in the long term, and the success of the strategy would depend on various factors such as market share, advertising, promotion, and unique features of the product offered. Therefore, Zing might initially be successful with its strategy of offering rental e-scooters at a lower price per minute for rentals but might not sustain in the long term due to increased competition.
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select all that apply which of the following is/are true about the impact of variability on managing processes? multiple select question. customers understand that process variability occurs and accept that delays are inevitable. variability in processes can make planning and managing the process more challenging. process variability can lead to product delays and shortages, which can lead to a damaged company reputation.
Answers
Option B is correct. Variability in processes can make planning and managing the process more challenging. Process variability can lead to product delays and shortages, which can lead to a damaged company reputation.
What is process variability?Process variability highlights the underlying variations and oscillations in a process's outcome. A number of things, including variances in building ingredients, logistics planning, human mistake, or ecological factors, might contribute to it. Process variability can cause problems including delays, faults, and higher costs while also affecting a process's effectiveness, efficiency, and quality. To maintain quality and consistency of output, businesses must track and manage process variability. To recognize and minimize process variability, strategies like Statistical Process Control (SPC) and Six Sigma can be applied.
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If a company wants to ignore the salvage value in their depreciation calculations, which depreciation method should they use?.
Answers
If a company wants to ignore the salvage value in its depreciation calculations, the depreciation method should use a declining Balance.
An instance of Depreciation – If a transport truck is bought via way of means of an employer with a value of Rs. 100,000 and the anticipated utilization of the truck is five years, the commercial enterprise would possibly depreciate the asset beneath neath depreciation rate as Rs. 20,000 every 12 months for a length of five years.
Depreciation is the system of deducting the overall value of something high-priced you obtain in your commercial enterprise. Depreciation is a non-coins commercial enterprise rate this is allotted and calculated over the length that an asset is beneficial in your commercial enterprise. Every commercial enterprise can take gain from depreciation via way of means of deducting the rate of the use of up to a part of the price of an asset from taxable income.
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HELP PLEASE
20 points :)
Answers
Answer:
the last one.
Explanation:
they both are traveling at the same speed. the size (mass) won't matter because only temperature affects average kinetic energy.
hope this helps :)
The cost of a product plus all costs driven by logistics activities, such as transportation, warehousing, handling, customs fees, etc." is the definition of O A. landed cost. O B. perfect cost. O c. total fixed cost. OD. total variable cost.
Answers
The cost of a product plus all costs associated with logistical operations, such as shipping, warehousing, handling, customs duties, etc., is known as the "landed cost."
There are both overt and hidden costs associated with getting any goods to your customers. Understanding your landed cost might assist make it easier to determine the precise cost of the products you sell. Knowing your landed cost can also help you maximize your pricing, assess your company's success, and make sure you are cognizant of the precise cost of your inventory. Landed cost is important because it enables businesses to make wise product and service decisions. Understanding a product's landed cost allows businesses to compare the total cost of goods from many suppliers and choose the one with the lowest overall cost.
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Which of the following would NOT be considered as part of a clean desk policy?
a Do not share passwords with other employees.
b Place laptops in a locked filing cabinet.
c Keep mass storage devices locked in a drawer when not in use.
d Lock computer workstations when leaving the office.
Answers
A) The answer is A. "Do not share passwords with other employees." While it is an important security measure, it is not part of a clean desk policy.
A clean desk policy is a set of guidelines that require employees to keep their workspaces clear of clutter and confidential information to prevent data breaches and security risks. It typically includes rules such as locking computer workstations, keeping confidential files and documents in locked drawers or cabinets, and properly disposing of sensitive information. The policy is designed to promote good security practices and help organizations comply with privacy regulations.
In summary, a clean desk policy is a security measure designed to protect sensitive information by requiring employees to maintain a tidy workspace and secure confidential information. Not sharing passwords is an important security measure, but it is not part of a clean desk policy.
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Why are wages and salaries generally determined by the market for labor?
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According to maximum economics textbooks, our wages and salaries are decided similar to another price: with the aid of using deliver and call for. People deliver their labor, and organizations call for it, growing a marketplace for labor.
Many dealers and shoppers of exertions services. Consequently, salary and salaries are decided by the intersection of the call for exertions and the deliver for exertions. A curve displaying the one-of-a-kind portions of exertions employers are inclined to lease at one-of-a-kind salary quotes in a given time period, ceteris paribus.
Wages are determined via way of means of deliver and demand, however they may be encouraged via way of means of an extensive kind of factors, along with the price of dwelling in a selected area, the presence of a union and the present-day minimal wage.
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Compare Reread lines 16-20 "Fatal Car Crashes Drop for 16-year-Olds,Rise For Older Teens. " According to Allison Aubrey, what is one interpretation for the fact that there's been an increase in fatal car crashes among 18- year-olds? How does this interpretation conflict with the quotation in lines 133-135 of "is 16 too young to drive a car
Answers
In the article, the fact that there has been an increase in fatal car crashes among 18-year-olds is attributed to the possibility that these older teens may be overconfident or engaging in riskier driving behaviors.
Allison Aubrey suggests that as teens gain more experience and confidence behind the wheel, they may become more prone to taking risks or exhibiting reckless behavior, which could contribute to the higher number of fatal accidents.
This interpretation conflicts with the quotation in lines 133-135 of "is 16 too young to drive a car" because the quotation argues against allowing 16-year-olds to drive, implying that they are too young and inexperienced to handle the responsibility. The interpretation in the earlier lines suggests that older teens, such as 18-year-olds, who have had more time to gain driving experience, may actually be more susceptible to fatal car crashes due to their overconfidence or risky behavior.
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Choose the option that best matches the descriptions given.
Exchanging a good or service for money is called:
Answers
Exchanging a good or service for money is called Bartering .
What is Bartering ?A straightforward idea underlies bartering: Two parties bargain to assess the relative worth of their goods and services, then offer them to one another in an equal trade.
Bartering is a system of exchange in trade where parties engage in direct exchanges of one commodity or service for another without utilizing a means of exchange like money.
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The rate that yields a net present value of zero for an investment is the:
(a) Internal rate of return
(b) Accounting rate of return
(c) Net present value rate of return
(d) Zero rate of return
(e) Payback rate of return
Answers
The rate that yields the net present value of an investment to zero is the internal rate of return (IRR). IRR is the rate of return at which the net present value of all cash flows from a project or investment equals zero.
This is calculated by discounting all cash flows at an interest rate until they all equal the initial investment. In addition to NPV, IRR is also used to make investment decisions. It is a valuable tool for assessing return on investment because it takes into account both the time value of money and the cash flows associated with the investment. IRR is also a useful measure of profitability because it allows investors to compare the returns of different investments.
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A 6-year annuity of twelve $7,375 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now. If the discount rate is 9 percent compounded semiannually, what is the value of this annuity five years from now
Answers
The value of this annuity five years from now is approximately $67,516.27.
Calculate the future value of the annuity starting from 9.5 years from now to the end of the annuity period (6 years).
To calculate the future value, we can use the formula for the future value of an ordinary annuity:
Future Value = Payment * [((1 + r)ⁿ⁻¹] / r
Where:
Payment = Semiannual payment = $7,375
r = Semiannual discount rate = 9% / 2 = 0.045
n = Number of semiannual periods = 6 * 2 = 12
Plugging in the values into the formula:
Future Value = $7,375 * [((1 + 0.045)¹²⁻¹] / 0.045 = $99,676.25
Calculate the present value of the future value obtained in step 1, discounted back to five years from now.
To calculate the present value, we can use the formula for the present value of a single amount:
Present Value = Future Value / (1 + r)ⁿ
Where:
Future Value = $99,676.25
r = Semiannual discount rate = 9% / 2 = 0.045
n = Number of semiannual periods = 5 * 2 = 10
Plugging in the values into the formula:
Present Value = $99,676.25 / ((1 + 0.045)¹⁰) = $67,516.27
Therefore, the value of this annuity five years from now is approximately $67,516.27.
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What is service enterprise
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What type of special title insurance policy is used when a property is being purchased through a land sales contract, purchase money mortgage, or purchase money trust deed
Answers
Answer:
A vendee policy.
Explanation:
A vendee policy is a type of special title insurance policy that is used when a property is being purchased through a land sales contract, purchase money mortgage, or purchase money trust deed.
This ultimately implies that, a vendee policy is an equitable buyer's lien issued to the purchaser of a real estate property in order to protect them in terms of repayment of the money being made as payment. It serves as a form of security for the buyer of a real estate property and as such it is enforceable by a court of competent jurisdiction.
If 0.90 metric tons (mt) of crude oil cost $288, how much will 0.35 mt of crude oil cost?
Answers
0.35 metric tons (mt) of crude oil will cost $112 if 0.90 mt cost $288.
Crude oil and other hydrocarbons can be found in liquid or gaseous form in tar or oil sands, small cavities within sedimentary rocks, and underground pools or reservoirs.
What are crude oil and its uses?Natural petroleum products like crude oil are made up of deposits of hydrocarbons and other organic elements. Crude oil, a sort of fossil fuel, is refined to create useful products like gasoline, diesel, and numerous other petrochemicals.
Given,
Crude oil = 0.9 (mt) cost is $288.
Required to Find Cost of Crude 0.35 (mt) =?
Find Cost of Crude (0.35 mt) = $288 multiply by 0.35 and divide by 0.9.
Find Cost of Crude (0.35 mt) = $288 x 0.35/0.9
Cost of Crude (0.35 mt) = $112
Thus, Crude oil will cost $112 for 0.35 metric tons (mt).
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Which of these careers sound interesting to you? Check all that apply.
Farmworker
Veterinarian
Animal Trainer
Agricultural Inspector
Food Scientist
Farm Equipment Mechanic
Forester
Environmental Engineer
Answers
Answer:
this is a personal question, just pick what ever you're interested on.
hope it helps.
Farmworker, veterinarian, and animal trainer all sound like interesting occupations to me. Thus, the answers (A), (B), and (C) are accurate.
What do you know about Animal Trainer?Animal training is the process of teaching animals precise reactions to particular circumstances or stimuli. Training may be done for friendship, detection, protection, or even enjoyment.
Depending on the training technique employed and the goal for which the animal is being trained, the sort of training an animal receives will differ. A seeing-eye dog, for instance, will be trained to accomplish a different aim than a wild animal in a circus.
There are organizations that certify animal trainers in some nations. They don't have any common objectives or specifications, and they don't stop anyone from using the title or working with animals. Similar to other countries, the United States does not demand any particular accreditation from those who train animals.
The natural actions of an animal should be taken into account by an animal trainer.
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true or false: if your economics professor requires a certain textbook for his or her course, your demand for the book is likely to be more price inelastic than if the book were merely recommended.
Answers
True. If your economics professor requires a certain textbook for his or her course, your demand for the book is likely to be more price inelastic than if the book were merely recommended.
What does price elasticity measure?Price elasticity of demand measures how responsive the quantity demanded of a good or service is to a change in terms of its price. A good or service is said to have inelastic demand if a change in its price leads to a relatively small change in the quantity demanded, and elastic demand if a change in its price leads to a relatively large change in the quantity demanded.
If a certain textbook is required for a course, students are less likely to substitute another book for it, regardless of the price of the book, as they need it to pass the course, therefore the demand for the book will be less responsive to a change in its price. On the other hand, if the book is only recommended, students may have more options to substitute another book or resource for it, therefore the demand for the book will be more responsive to an altercation in its price.
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A buyer has terminated the contract and asked for his earnest money back prior to the inspection deadline. The listing broker should _______
Answers
A buyer has terminated the contract and asked for his earnest money back prior to the inspection deadline. The listing broker should return the money the buyer
This is further explained below.
Who keeps earnest money if the deal falls through?Generally, During the time that the contract is in effect, the earnest money may be kept in escrow by a title firm, a lawyer, a bank, or a broker, depending on what the terms of the contract state.
When a buyer cancels a contract in a timely manner and in accordance with the terms of the agreement, the money must be refunded to them within a short amount of time, often within forty-eight hours.
In conclusion, An earnest payment, also known as earnest money or simply an earnest payment, is a specific kind of security deposit that is made in certain significant transactions, such as real estate dealings, or that is required by some official procurement processes to demonstrate that the buyer is serious about the transaction.
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9 48. The stages of human development are: 1.Clear and distinct 2.Varied from person to person 3.Easily navigated 4.Only physical traits
Answers
Answer:
2. VARIED FROM PERSON TO PERSON
Explanation:
what is medium level profession
Answers
Hope it helps :)
"The scope of market management depends on the size and nature of the business " . Justify the statement and critically analyse the current situation
Answers
Answer: Yes. The scope of market management depends on the size and nature of business.
Explanation:
The market management depends on various aspects of business and vise versa. It can happen both ways. Market management is the process of planning, decision making, controlling the marketing aspects of the company in terms with the goals and nature of the company. The type of marketing is determined by the size, nature and type of business. All these must go hand in hand to run a successful business.
only old people who needs to know about Social Security
Answers
Answer:
No
Explanation:
Answer:
Explanation:
Falsemundo
Pyle hospital received a $250,000 pure endowment fund grant. pyle's governing board designated, for special uses, $300,000 which had originated from unrestricted gifts. what amount of these resources should be accounted for as part of unrestricted assets?
Answers
The total amount of these resources that should be included in unrestricted assets is $550,000 ($250,000 pure endowment fund grant + $300,000 in unrestricted contributions).
Unrestricted assets are pure endowment funds and unrestricted donations that are not restricted for specific uses by contributors or the governing board. The governing board's designation of $300,000 for special purpose does not affect the fact that the monies came from unrestricted contributions and are thus still regarded unrestricted assets. Unrestricted assets are resources that can be used for any purpose by the organization and are not restricted by donors or the governing board. The $550,000 in unrestricted assets can be utilized to fund general operations, capital expenditures, and other activities as defined by the organization.
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