If the adjusting entry to accrue interest on a note receivable is omitted, then assets, net income, and stockholders' equity will be understated.
What is an adjusting entry ?Adjusting entries are modifications to previously written entries in your diary. They specifically check that the data you have recorded corresponds to the appropriate accounting periods.Accrued revenues, accrued expenses, unearned revenues, prepaid expenses, and depreciation are the five types of adjustments entries.Utility bills, salaries, and taxes are a few examples of expenses that are typically billed at a later time after they have been incurred. An adjustment entry is made to eliminate the account payable that was previously recorded together with the accumulated expense when the cash is paid.If the adjusting entry on a note receivable is omitted, then assets, net income, and stockholders' equity will be understated.To learn more about Adjusting entries refer to:
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nyssa decided to leave the company where she was employed. her decision is an example of turnover.
In the scenario where Nyssa decided to leave the company where she was employed, her decision is an example of voluntary turnover.
In the field of business, voluntary turnover can be described as a term that is used when an employee of a company leaves his job.
Voluntary turnover can occur due to any reason such as the employee getting a better job or just retiring,
As a result of voluntary turnover, the business can be affected if the leaving employee was an important asset to the company.
In the case above, as Nyssa is leaving the company where she was working, hence this is an example of voluntary turnover.
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a company purchased 1800 of merchandise on july 5 with terms 2/10 n/30 the correct journal entry to record the merchandise return on july 7 is
The journal entry to record the transaction on July 7 is:
Accounts payable A/c.....Dr. $200
Merchandise inventory A/c.....Cr. $200
A journal entry affects two or more accounts that must be recorded in the company's general journal. Its debit and credit balances are always equal in total.
During the purchase of the merchandise on account on July 5, the entry is an increase to Merchandise inventory and Accounts payable for $1,800.
Journal entry:
Merchandise inventory A/c.....Dr. $1800
Accounts payable A/c......Cr. $1800
On July 7, the entry for the return is decreased for both accounts used in July 5 journal entry for $200.
Journal entry:
Accounts payable A/c.....Dr. $200
Merchandise inventory A/c.....Cr. $200
On July 28, the 2% discount could no longer be avail because it was not within the discount period of 10 days from July 5. So, the payment was a net of return of $1,600 ($1,800 - $200). The entry is a decrease for Cash and Accounts payable of $1,600.
Journal entry:
Accounts payable A/c......Dr. 1600
Cash A/c....Cr. $1600
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Which banking document is a summary of what has been put into and taken out of your account?.
A bank statement (also referred to as an account statement) would be a statement (also referred to as a statement) that will be normally delivered by the institution to the account owner every month, summarizing all of the activities of an account throughout the month.
A withdrawal slip would be a form that a consumer must fill out in order to receive money from their bank account. In both circumstances, money could be accepted at the counter as well as withdrawn mostly by consumer.
A deposit slip may be a little paper form that is included by a commercial bank when transferring funds into something like a bank account. A deposit slip must include the date, the depositor's identity, the depositor's account number, as well as the sums being transferred.
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what would you pay for a 110000 debenture bond that matures in 15 years and pays 5500 a year in interest if you wanted to earn a yield of: 3%?
Bonds cost $145,475.21 if you desire a 2% interest on your investment.
Bonds cost $130,069.66 if you want a 3% interest on your investment.
What is the cost of bonds?
A bond price is a type of financial debt that offers investors a fixed return. The bond's present value can be determined by discounting all of the cash inflows produced by it using the needed rate of return.
Bond yield and price have the opposite relationship. When a bond's price rises, the yield decreases. As a bond's price drops, its yield increases.
Hence, you can look for the price based on the yield and interest rate.
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People who often create benefits for the minority and impose the cost on the majority are called: a. Special-interest groups. B. Laissez-faire groups. C. Encounter groups. D. Fair-interest groups
People who often create benefits for the minority and impose the cost on the majority are called: Special-interest groups.
A minority group, by its original description, refers to a group of people whose practices, race, religion, race, or other characteristics are smaller in figures than the main groups of those classifications.
Absolute maturity- a seeker must gain over half of the votes cast, or 50 plus 1 vote. good maturity( QMV)- a seeker or resolution must gain further than just an absolute maturity, similar to over 60. This gives the nonage the capability to blackball a seeker or resolution.Learn more about minorities here: https://brainly.com/question/3711073
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grace owns a large manufacturing firm. she is competitive, nearly always angry, and constantly in a hurry to get things done. grace's greatest risk for heart disease is
Grace owns a large manufacturing firm. she is competitive, nearly always angry, grace's greatest risk for heart disease is her anger.
Producing items through manufacturing involves putting labor, equipment, tools, biological or chemical processes, or formulation, to use. Selling fundamental products to manufacturers for the production of things like cars, airplanes, or home appliances can be considered manufacturing. Alternatively, manufacturing can refer to the large-scale transformation of raw materials into completed goods.
Through manufacturing engineering or the manufacturing process, raw materials are turned into final goods. Product design and material selection come first in this phase. The components are altered during the numerous production stages to produce the end product.
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Which economic theory believes that government intervention is necessary to prevent workers from being taken advantage of?.
The fundamental tenet of Keynesian economics is that economic stabilization can be achieved through government intervention.
Keynesians contend that because prices are somewhat rigid, changes in any aspect of spending, whether government, investment, or consumer spending, affect output. For instance, output will rise if government expenditure rises while all other spending factors stay the same.
During the Great Recession of 2008, Keynesian economic theories were applied once more in the US. 2009 saw the signing of the American Recovery and Investment Act by President Barack Obama. Government spending went up by $787 billion as a result of this statute. With this money, employment were both preserved and created.
People keep cash on hand for three reasons, according to Keynes: (i) transactions motive, (ii) precautionary motive, and (iii) speculative motive. The need for cash for immediate transactions for both personal and commercial exchange is the driving force behind keeping cash on hand.
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cash ? accounts receivable $ 10,000 supplies inventory $ 4,400 equipment $ 43,500 accumulated depreciation $ 17,600 accounts payable $ 3,700 common stock $ 5,000 retained earnings ?
The company's balance sheet will have Cash of $21,200.
What is balance sheet?A balance sheet is a financial statement that lists a company's assets, liabilities, and shareholder equity as of a particular date. For calculating investor return rates and assessing a company's capital structure, balance sheets serve as the foundation. A company's balance sheet, or statement of financial position, gives a quick overview of the assets and liabilities of the business as well as the amount of shareholder investment. In order to perform fundamental analysis or determine financial ratios, balance sheets can be used alongside other significant financial statements. A company's financial situation as at a particular point in time is outlined in the balance sheet. On its alone, it is unable to convey the trends that are manifesting over a longer time frame.
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Chung manages his employees by carefully monitoring their production, comparing what they do to predicted schedules, and watching the budgets. Chung can best be described as a ________ leader.
Chung manages his employees by carefully monitoring their production, comparing what they do to predicted schedules, and watching the budgets. Chung can best be described as a task oriented leader.
What is task oriented leader ?
Task-oriented leader who focuses on plans and schedules which need to be able to accomplish goals, whereas charismatic leader who is persuasive able to convince people to support him/her.
Task oriented leader is that type of leader majorly focus on the goal rather than the process of achieving that goal, are task oriented.
Their main focus is on the goal of the company goal rather than focusing on skills of employee to completer particular task.
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ben buys a space heater and julia buys a nail gun from suppliers. later, ben and julia become aware of defects in their goods that indicate breaches of warranty. an action for breach of warranty occurs when?
Ben and Julia discover faults in their purchased goods that imply warranty breach. When they both sew, a case for breach of warranty is brought.
What is the breach of warranty?A breach of warranty is defined under The Sales of Goods Act as a violation of an express or implied warranty contract, and thus constitutes a breach of contract. This option is available to the buyer when there is violation of any condition in which the goods are purchased.
It occurs when the seller, or a person who gave the warranty, fails to offer the assurance promised. A seller can expressly or implicitly guarantee the quality or title of an item sold to the buyer.
Therefore, an action for breach of warranty occurs when the Ben and Julian sew upon the seller in respect of defective goods.
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suppose you had $10,000 that you wanted to contribute to candidates running for office in california. which of the following would be allowed under campaign finance law in the state?
The following would be allowed under campaign finance law in the state is to contribute $10000 to your preferred candidate for governor.
Finance is the process of procuring capital or finances for any type of spending. Many times, consumers, businesses, and governments lack the cash on hand to cover expenses, settle debts, or carry out other transactions. As a result, they are forced to borrow money or sell equity in order to finance their activities. On the other side, savers and investors amass money that, if invested well, could yield dividends or interest. These savings can build up as savings deposits, savings and loan shares, pension and insurance claims, or any combination of these; when lent out at interest or invested in equity shares, they serve as a source of investment capital.
Individuals are currently permitted to contribute up to $29,200 to candidates running for state governor.
Correct question :
Suppose you had $10,000 that you wanted to contribute to candidates running for office in California. Which of the following would be allowed under campaign finance law in the state?
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Marina (33) will use the single filing status. she itemized deductions in 2020. she plans to itemize for 2021. for her plan to itemize deductions to be the most beneficial, her itemized deductions should exceed a threshold amount of:
Marina's itemised deductions should exceed a threshold of $12,500, based on her single filing status and current tax laws on itemised deductions.
What is Single filers ?Single filers are taxpayers who file their federal income tax returns under the status "single" with the Internal Revenue Service (IRS). Unmarried taxpayers who do not qualify for another filing status use this filing status.Unmarried people who do not qualify for Head of Household status can file as a single person. To be eligible, a person must not have been married on the last day of the tax year. Furthermore, the individual must not be eligible for any other filing status.The standard deduction for single filers in 2021 will be $12,550. This compares to $18,800 for Heads of Household. Marina should therefore exceed the advantageous itemised deductions of $12, 500.To learn more about Single filers refer :
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christopher, a corporate lawyer from abigail corporations, filed a lawsuit on behalf of his company against maxmaker firm for encroaching upon the car parking space meant for abigail corporations. hence, christopher put forward the interests of a larger group that shares a common legal claim. this is an example of a(n) .
This case of Christopher is an example of preliminary injunction.
What is preliminary injunction?Preserving the status quo until the verdict is rendered is the aim of a preliminary injunction, which may be given before or during trial. A party must demonstrate that they would suffer irreparable injury if the injunction is not granted in order to get a preliminary injunction. Only following a hearing may a preliminary injunction be issued. Judges weigh the likelihood of each party winning at trial, the extent of the irreparable harm, and any other public or private interests at stake when deciding whether to grant preliminary injunctions. A preliminary injunction may be granted, and the judge's decision may be appealed by the parties.
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Adding functions after the project has been initiated causes ________, often resulting in the time frame and expenses associated with the project expand beyond the agreed-upon limits.
Adding functions after the project has been initiated causes scope creeps, often resulting in the time frame and expenses associated with the project expand beyond the agreed-upon limits.
Write about scope creep.Scope creep is the process through which a project's scope expands or "creeps" past what was initially agreed. Change is nearly always a certainty in projects, but mismanaged changes are what lead to delays and scope creep.
How is scope creep recognized?Before you begin, create a detailed project plan that will make it much simpler to identify and manage scope creep. Discuss the duties, due dates, milestones, and commitments that concern both you and your client. Together, create a detailed action plan that will allow you to accomplish the project's goal.
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evidence shows what is likely to happen if established organizational members withdraw support from newcomers after a few weeks on the job?
Evidence suggests that if established organizational members stop supporting newcomers after a few weeks on the job, the newbie will work less hard to learn and adapt.
A firm, institution, group, or other type of the body made up of one or more people serving a specific function is an organization. The word is derived from the Greek word 'organon', which refers to an organ and several tools or instruments.
The main reason for an organization's existence is outlined in its purpose. It is the element of Core Culture that is most essential. What you do is not the response to that question. Usually, the emphasis is on the products, services, and clients.
A newcomer is someone who has recently moved to a new location, joined a new group, or begun a recent activity.
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in what type of organizational structures do individuals seeking career advancement need to consider lateral moves rather than just promotions?
(A) Flatter organizational structures in firms mean that individuals seeking career advancement need to consider lateral moves rather than just promotions.
What are flatter organizational structures?All workers are on an equal footing with shared authority and decision-making powers in a flatter organization. Teams like these are sometimes known as "self-managed" teams since employees choose what to work on and when. Similarly, there are no managers, supervisors, or job titles in a holacratic organization.People seeking career advancement in organizations with flatter organizational structures must take into account lateral transfers rather than merely promotions.There are few (if any) tiers of management between the workers and the highest-level managers in a business with a flat organizational structure. The lack of middle managers gives workers additional power, including the ability to make decisions.Therefore, (A) flatter organizational structures in firms mean that individuals seeking career advancement need to consider lateral moves rather than just promotions.
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Complete question:
__________ organizational structures in firms mean that individuals seeking career advancement need to consider lateral moves rather than just promotions.
a. Flatter
b. Organic
c. Taller
d. Simpler
when economists are sketching of a demand or supply curve that is close to horizontal, they refer to that demand or supply curve as
The elasticity of a demand curve, which is illustrated by a horizontal line perpendicular to the quantity axis (x axis), is infinite, suggesting that demand is entirely elastic.
A straight horizontal line is used to depict a completely elastic demand curve, which demonstrates how closely price and market demand are related. In actuality, at a certain price, demand is limitless. A price change would therefore stop all demand for the commodity. The supply curve illustrates the relationship between the price of a good or service and the volume supplied over a specific time period. In a typical illustration, the quantity supplied will be shown on the horizontal axis and the price will be shown on the left vertical axis.
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Charlie’s company makes custom-designed furniture. He purchases hardware for the furniture in bulk from a distributor in a nearby state. What kind of e-commerce platform does charlie most likely use to order the hardware?.
The kind of e commerce platform that Charlie would be usimg in order to order is what is called the Online storefront
What is meant by e-commerce platform?
An e-commerce platform is a piece of software that allows both the buyer and the supplier to participate and carry out their respective functions. Basically, a consumer should be able to browse products on an e-commerce site, add them to their basket, and then check out.
The content management system (CMS) and commerce engine that websites employ to manage purchases, cataloged products, and user relationships with online retailers is known as an ecommerce platform. It makes no difference if your company is big or little, B2B or B2C, selling physical products or offering remote services.
A business transaction conducted online is the traditional definition of e-commerce.
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what are the responsibilities of production/operations with respect to quality? (select all that apply) multiple select question.
Monitor processes and correct root causes of problems Produce to design specifications are the responsibilities of production/operations with respect to quality.
Monitor processes: In business, a monitoring process is a means to keep track of a project's advancement over time and take action when you hit particular milestones. Depending on the particular project under consideration, these types of procedures might vary in nature, duration, and goal.
The overall assessment of a programme includes process monitoring. Program evaluation entails providing systematic responses to inquiries about a social program. The outpatient services of a community health care facility, job training programmes in the community, and school feeding programmes are a few examples of social programs.
A tool that displays active processes is present in every operating system. This programme is called the Task Manager in Windows. Right-click the Taskbar and choose Task Manager from the pop-up menu to access it.
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when determining whether or not to engage in a business in a foreign country, analysts should consider that future economic growth rates within any country are a function of both ____________ and ___________
When determining whether or not to engage in a business in a foreign country, analysts should consider that future economic growth rates within any country are a function of both a country's capacity for growth and a free market system.
Economic growth interprets an increase in the pile and status of the financial merchandise and aids that a society produces and consumes. While the description of financial progress is simple, it is intensely troublesome to measure it. Economic growth increases the state's ability and the supply of public merchandise.
A free market is an individual place with voluntary exchange and the regulations of supply and demand supply the alone base for the financial method, outside administration attack. A key feature of free markets is the omission of pressed (strained) undertakings or environments on transactions.
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the two best reasons for company resources in verticle integration (either forward or backward) are to
The two best reasons for company resources in verticle integration (either forward or backward) are to Strengthen the company's competitive position and/or boost its profitability.
What is vertical integration?
A company controls various supply chain stages through vertical integration, a type of business relationship. The business seeks to bring procedures in-house rather than relying on outside vendors so that it may have more control over the production process.Why is vertical integration vital and what does it entail?
By establishing distribution hubs in new regions or purchasing a new brand, vertical integration can enable your company to grow geographically. In general, geographic expansion is most successful when it occurs within a company's own supply-distribution market niche.Learn more about vertical integration
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to which of the following matters would an auditor not apply materiality limits when obtaining specific written management representations? group of answer choices disclosure of compensating balance arrangements involving restrictions on cash balances. information concerning related party transactions and related amounts receivable or payable. the absence of errors and unrecorded transactions in the financial statements. fraud involving employees with significant roles in internal control.
The following topics could an auditor now no longer practice, the solution is D: Fraud related to personnel with substantial roles within side the inner manipulate structure.
The required details for employees in given paragraph
Because of the feasible outcomes of fraud on different regions of the audit, materiality limits could now no longer practice to the reporting of fraud related to personnel with substantial roles in inner manipulate within side the written control representations. An worker is a time period for employees and bosses operating for a company, organization or community. These humans are the staff of the organization. In general, any character employed via way of means of an organization to do a particular job in trade for fee is an worker, however there are special forms of personnel. In a few countries, employers are required via way of means of regulation to do positive things, like obey minimal wage laws, offer a secure workplace, and once in a while pay a tax. Employers additionally should provide their authentic personnel benefits, like procuring fitness insurance. Because of this, a few employers want to hire impartial contractors to do paintings in place of normal personnel.
The courting among organization and worker isn't the same as that among the organization and a customer or client. An worker commonly has to offer a resume and feature an interview earlier than being supplied a job.
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payments on installment loans? include a repayment of a portion of the principal balance are made only on the maturity date normally have fluctuating interest rates include a payment for interest
Answer: both “includes”
-include a repayment of a portion of the principal balance
-Include a payment for interest
question 1 the data collected for an analysis project has just been cleaned. what are the next steps for a data analyst? select all that apply.
Options A 'Data Analysis' and C 'Results Interpretation' are the correct answers.
Data analysis is an approach where the data is collected, cleaned, and analyzed with the aim of discovering the required information. The obtained results are then communicated in order to suggest conclusions and support decision-making. The process of data analysis comprises the following phases: data requirements specification, data collection, data processing, data cleaning, data analysis, and communication/interpretation of results.
As per the given statement, after data is collected and cleaned the next step is data analysis followed by step results interpretation.
The complete question is here:
"
question 1 the data collected for an analysis project has just been cleaned. what are the next steps for a data analyst? select all that apply.
A Data Analysis
B Data processing
C Results Interpretation
D All of the above
"
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dollar co. sold merchandise to pound co. on account, $25,500, terms 2/15, net 45. pound co. paid the invoice within the discount period. what is the amount of sales from these transactions? a.$25,500 b.$16,000 c.$26,010 d.$24,990
The amount should be recorded for net sales is $24,990.
Step: 1
Discount terms of 2/15 net 45 are permitted to P Co. Within the discount time, it paid the invoice. Calculate the discount amount as indicated below:
Discount allowed = $25,500X2%
= $510
The buyer paid during the discount window, or within 15 days of the sale date. Therefore, the buyer will receive a 2% reduction in accordance with the terms of 2/15 net 45. Discount will be $510 off the total amount of $25,000
Hint: From the total amount of sales, subtract the discount amount to determine the net sales to be reported in the books.
Step: 2
Calculate the sales amount as indicated below:
Net amount of sales = Total sales - Discount
= $25,500 - $510
= $24,990
The discount that has been determined in accordance with the payment terms is not included in the net amount of sales that must be recorded in the books. Since the buyer paid on time, a cash discount of 2% is permitted. The net amount of sales is calculated by deducting $510 as a discount from the $25,500 total sales amount.
The amount should be recorded for net sales is $24,990.
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How does a firm integrate principles of both operations management and project management to create customer value?.
First, when a need arises to significantly change a component of business operations then the change will often be managed as a project. Once the project has delivered the change, operations will resume focus on maintaining, operating, and supporting the products or services produced as a result of the project.
Management (or handling) is the management of an agency, whether or not it's miles a business, a non-profit agency, or an authorized body. It is the artwork and technology of handling assets of the business.
Management consists of the sports of placing the strategy of an agency and coordinating the efforts of its employees (or of volunteers) to perform its objectives thru the utility of available assets, such as financial, natural, technological, and human assets. "Run the business"[1] and "Change the business" are principles that might be utilized in control to distinguish between the ongoing transport of products or offerings and adapting of products or offerings to fulfill the converting desires of customers - see a trend. The term "control" may additionally confer with the ones folks who manipulate an agency—managers.
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An individual who is employed part time but is looking for a full-time job is classified as?.
An individual who is employed part time but is looking for a full-time job is classified as employed.
In most cases, the term "employment" refers to the condition of having a paid job—of being employed.
A person is paid to work when they are employed. Employees are employed by an employer.
As in We're striving to boost our employment of women., the term "employment" can also refer to the act of hiring individuals.
Employment is frequently used in the context of economics to refer to the total number of people working, for example, in a nation, as in Employment is up this quarter, with thousands of new jobs created. Unemployment, or the total number of jobless persons, is the inverse of this (who do not have a job). The state of being jobless is another popular definition of unemployment.
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Which act requires financial institutions to ensure the security and confidentiality of customer data and mandates that data must be stored on a secure medium and protected during storage and transmittal?.
Gramm-Leach-Bliley Act requires financial institutions to ensure the security and confidentiality of customer data and mandates that data must be stored on a secure medium and protected during storage and transmittal.
The Gramm-Leach-Bliley Act requires financial institutions (companies that provide financial products or services to consumers, such as credit, financial or investment advice, and insurance) to explain their information-sharing practices to their customers and Obliged to protect.
GLBA requires entities that qualify as “financial institutions” to take a number of positive steps to prevent the unauthorized collection, use and disclosure of NPIs. These obligations are imposed by two "rules": (i) Privacy Rules and (ii) Security Rules.
To comply with the GLBA, financial institutions must provide customers with notice of how they share their confidential information and the right to opt out if they do not want their personal information shared with third parties. be notified and apply special protective measures. to personal data in customer accounts.
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shakira is attending an association meeting when, in a small group breakout, her group begins discussing how to deal with the new kid in town: a real estate firm that charges a flat $500 to list properties, then lets the sellers fend for themselves. why should shakira leave the discussion?
Shakira leave the discussion this conversation sounds like it might become an antitrust violation.
What is an example of an antitrust violation?Practices like setting pricing, manipulating contract bids, and dividing up customers among companies that ought to be competing for them are all considered violations of the Sherman Antitrust Act. These infractions are crimes. As a result, they risk receiving severe penalties or lengthy prison terms.Antitrust laws, which safeguard trade and commerce from unethical acts including price-fixing, restrictions, price discrimination, and monopolization, are broken when they are violated. The Clayton Act, Section 1 of the Sherman Act, and Section 2 of the Sherman Act are the three main federal acts in antitrust law.To learn more about antitrust violation refer to:
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Ed decided he had to say something. He thought about saying, "barry, you’re ruining my life with all the work assignments. " instead, he said, "barry, lately i’ve felt overworked and wondered if we could talk about my work assignments. " what principle of holding a difficult conversation is most at play here?.
As was noted in the case study, Barry was initially enraged and contemplated hitting Ed.
Explain about the Assignments?The phrase "assignment" is used when property rights and obligations associated with an asset, property, contract, etc. are transferred to another entity by a written agreement. As an example, a payee transfers the power to collect note payments to a bank.
An assignment is a project or labour of (academic) art. The opportunity to learn, practise, and demonstrate mastery of the learning objectives is provided to the students. It provides the instructor with evidence that the pupils have accomplished their goals.
Using the legal term "assignment," one person (referred to as the "assignor") transfers rights, assets, or other benefits to another person (referred to as the "assignee"). This concept is used in contract law as well as property law.
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