The correct answer is B) dynamic. Insurable risks associated with fire, storm, or flood are considered dynamic risks.
It is because they can change over time due to a variety of factors such as weather patterns, building codes, and land use changes.
For example, a flood risk in a particular area may change due to changes in land use, such as urbanization or deforestation, which can increase the likelihood of flooding.
Similarly, a fire risk in a region may change due to changes in weather patterns, such as drought conditions which can increase the likelihood of wildfires.
Dynamic risks also require continuous monitoring and updating of the risk assessment and management strategies, as well as insurance companies to continuously update their underwriting criteria, pricing and coverage options to adapt to the changing risk environment.
It's important to note that static risks are risks that do not change over time, such as the risk of death or injury from a car accident and capital refers to financial assets or resources that a firm or individual uses to generate income and financial refer to monetary aspects related to economic activities.
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the property at 1100 main street has gone into default. after six months, the property is sold at a foreclosure auction. the lender was allowed to take possession of the property before the foreclosure sale, but will not receive clear title until after the expiration of the statutory redemption period prescribed by state law. this is an example of
The lender was allowed to take possession of the property before the foreclosure sale, but will not receive clear title until after the expiration of the statutory redemption period prescribed by state law. This is an example of intermediate theory.
What exactly is the Statutory Redemption Period?A mortgagee's ability to reclaim title of a piece of property following foreclosure is known as statutory redemption. Anyone who borrows money from a mortgagee to buy property is referred to as a mortgagor. A mortgage is the contract entered into by a mortgagor and mortgagee. The loss of ownership of property acquired through a mortgage is known as foreclosure. When a mortgagor doesn't pay their mortgage to the mortgagee, foreclosures typically take place. A foreclosure sale may be held on a property after a mortgage has been foreclosed. Statutory redemption enables a mortgage holder a set amount of time, typically a year, to pay the price the house sold for at the foreclosure sale.
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a board member is curious about the progress of your team on the new corporate intranet. the board member would like to see how far along in the development the team is and what currently is planned for upcoming release. what tool might you send them, as the project manager, that they could reference for this material?
The project manager introduces teammates to the project or expectations during which process group.
What does the word "corporation" mean to you?Corporate can refer to a specific huge corporation, a collection of large businesses, or both. Interest rates are higher for business clients than for private ones. The economy and corporate profits are both growing. Corporate can refer to a specific huge corporation, a collection of large businesses, or both.
Why is a company seen as corporate?A corporation, also referred to as a C corp, is a separate legal entity from its owners. Organizations are able to earn money, pay taxes, and deal with legal repercussions. Although founding a corporation is much more difficult than creating other forms of companies, it offers owners the strongest defense against personal liability.
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Jade represented Jess when she sold her home five years ago. Now Jess is making an offer on a new home and Jade is representing the seller. Does Jade owe Jess the duty of confidentiality?
No. Jade owes the duty of confidentiality only to her seller clients now.
No. Jess is an unrepresented consumer in this transaction.
Yes, because Jessi s still Jade's client.
Yes, the duty of confidentiality survives the termination of your brokerage agreement.
The correct statement in the given situation is (A) "No. Now, Jade's seller clients are the only ones to whom she owes a duty of confidentiality."
What is the duty of confidentiality?Solicitors are required by the obligation of secrecy in common law nations to protect the privacy of their client's affairs.
It is forbidden for solicitors to use the information they learn about their customers' affairs for anyone the client hasn't given permission for.
Confidentiality agreements may either expire on a specific date or event, covering the parties' disclosures of secret information at any time, or they may continue eternally.
The nondisclosure duties of the parties may be stipulated to survive for a specified period of time regardless of whether the entire agreement has a specific term.
In the given situation Jade's seller clients are the only ones to whom she owes a duty of secrecy.
Therefore, the correct statement in the given situation is (A) "No. Now, Jade's seller clients are the only ones to whom she owes a duty of secrecy."
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Complete question:
Jade represented Jess when she sold her home five years ago. Now Jess is making an offer on a new home and Jade is representing the seller. Does Jade owe Jess the duty of confidentiality?
a. No. Jade owes the duty of confidentiality only to her seller clients now.
b. No. Jess is an unrepresented consumer in this transaction.
c. Yes, because Jessi s still Jade's client.
d. Yes, the duty of confidentiality survives the termination of your brokerage agreement.
true/false. As a manager at a regional CPA firm, Freedom Rock Accounting (FRA), you are asked to provide an analysis of a potential client, Pure Grain Milling (PGM). PGM has requested a bid from FRA for auditing services for year 7. The managing partner of FRA is concerned about potential legal issues and/or conflicts in the prospective PGM engagement.
False. As a manager I cannot provide an analysis of the potential client, only the managing partner can.
What is Freedom Rock Accounting?Freedom Rock Accounting is an online accounting solution designed to help small businesses and entrepreneurs better manage their finances.It is a comprehensive accounting tool that allows users to easily track and control their finances, take advantage of tax deductions, and quickly generate reports.The platform provides users with a range of features, such as automated bookkeeping, invoicing, cash flow management, and financial reporting. It also provides users with the ability to connect with outside financial advisors, creating a more collaborative financial environment.Freedom Rock Accounting is designed to make it easier for small business owners to maintain their own finances and make sure their books are up to date and accurate.The platform is highly secure and offers a range of features to help users manage their finances and make informed decisions.To learn more about Accounting refer to:
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you have responsibility for economic policy in the country of the gambia. recently, the neighboring country of senegal has cut off all exports of oranges to the gambia. aji fatou, who is one of your advisors, says that the best way to avoid a shortage of oranges is to take no action at all. mustapha, another one of your advisors, argues that without a binding price floor, a shortage will certainly develop. jim, a third advisor, suggests that you should impose a binding price ceiling in order to avoid a shortage of oranges. which of your three advisors is most likely to have studied economics?
The ideal decision is (c). Jim. Economics, as we all know, is the study of the economy as a whole. Economics is a discipline that centers on desires, efforts, and fulfillment. Jim, one of the three, has studied economics and serves as a consultant.
What is the best way to define economics?Economics is the study of scarcity and how it affects a wide range of intricate social problems, such as how resources are used, how commodities and services are produced, how production and welfare increase over time, and a host of other complex problems.
What economics topics should I look into?Politics, sociology, psychology, and history are all incorporated into the study of economics. You may utilize the skills, techniques, and ways of thinking you gain from studying economics in a number of circumstances.
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The best choice is Jim. We all know that economics is the examination of the economy throughout its entirety. Economics is a field that focuses on goals, pursuits, and satisfaction.
What exactly is economics?Economics is essentially the study of limits as well as how they impact a variety of complex social issues, including how commodities are used, how goods and services are generated, how productivity and enjoyment progress over time, and a host of other intricate issues.
Why is economics so important?Students who major in commerce are more aware of their surroundings. Understanding people, organizations, markets, and administrations helps participants react more effectively to the challenges and opportunities given by novel situations.
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you've just joined the blogging team for a new fashion retailer called vintagevines. what are some strategies you could adopt to reach and resonate with your target audience? select all that apply.
Fully comprehend who you are and what they like reading about. Create a distinctive brand voice and tone. Be sure to blog in a way that makes it simple for readers to find evergreen material.
A blog, often known as a weblog, is a frequently updated online page that is used for commercial or personal comments. A area where readers may leave comments is usually included at the bottom of each blog article since blogs are frequently interactive. A blog is a smaller website or page on a bigger website. It often includes articles with supporting images or videos that are written in a conversational tone. It's no surprise that blogs have gained a lot of popularity since they're a fun and adaptable tool for people to express themselves and interact with others. You can blog to provide details about your company and its products as well as your views and opinions on particular subjects.
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it is thought that leaders select members of their in-groups bif your leader allows you to share in decision making responsibilities, she is using which leadership style? telling style participating style selling style delegating stylesed on personal compatibility and .
Your boss is utilizing a participative style of leadership if she gives you a say in decision-making.
Who is a leader, exactly?
A leader is someone who motivates and provides guidance to others. A leader is someone who has a goal in mind and knows how to achieve it. A leader is someone who equips and inspires their group to achieve success.
What attributes distinguish an excellent leader?Effective leaders possess a variety of traits, including self-awareness, credibility, relationship-building, a bias for action, humility, empowerment of others, authenticity, portraying oneself as constant and consistent, being role models, and being fully present.
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which nims-ics organizational level is responsible for specific functions at an incident, such as ventilation?
The goal of the incident command system is to: Assign command to a specific person using a uniform identification system.
What is Command example?
Verb She gave us the order to go. The troops were ordered by military leaders to start firing. She gave the order for all bridge construction to stop right away. Old French comander (modern French commander), from Vulgar Latin *commandare, from Latin commendare, from com- + mandare, from mand ("I order, command"); Middle English commanden, commaunden, comaunden, comanden. Compare mandate and commend (a doublet). In sentences, command words are used to give instructions or to order a specific action. They are sometimes termed imperative verbs, and they do not always need a subject. Often a directive will begin with an imperative verb or with a temporal connective.
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When an appraiser makes a site analysis on residential property, the appraiser would be
concerned with the income of the property's owners.
trying to estimate of the property's highest and best use.
concerned with the type and number of pets living on the property.
trying to determine the cost to replace the building.
Option 3rd is correct. An appraiser conducts a thorough study of residential real estate to ascertain the value of each property.
Gathering and verifying the relevant data is the first step in the appraisal process. The Comparison Approach, the Income Approach, and the Cost Approach are the three primary methods of appraisal that have historically been acknowledged by appraisal practice.
This approach, which is the most typical, bases a property's valuation on the most recent sales prices of nearby properties that are similar to it. The reliability, quality, and quantity of the data used in the methods to value are all factors that must be taken into account and analyzed as part of the appraisal process' final stage.
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knowledge check 01 when manufacturing overhead is applied to each unit of product b, what is the activity rate that will be used for the setting up machines (setup) activity cost pool? multiple choice $18.26 $223.00 $538.77 $660.06
When manufacturing overhead is applied to each unit of product b, activity rate that will be used for the setting up machines (setup) activity cost pool is $223.00.
Activity rate = Total Cost of setting up ÷ Total number of setups
= 551702/2474 = 223
What is the formula for the activity rate?
Overhead is allocated using the activity rate formula, commonly referred to as the allocation rate formula. One must tally up all indirect costs that go into a given cost pool and divide that amount by the total cost driver employed for that particular cost pool to determine the activity-based costing rate.
How are activity rates determined?
The ratio of the number of active people both employed and unemployed to the equivalent total population is known as the activity rate.
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The margin of safety is the excess of:___ a. Break-even sales over expected sales. b. Expected sales over variable costs. c. Expected sales over fixed costs. d. Fixed costs over expected sales. e. Expected sales over break-even sales.
Option (E), The excess of anticipated sales over break-even sales constitutes the margin of safety.
What percentage of sales must be made to break even?The margin of safety is the distance between break-even and the anticipated level of profitability. Calculating the margin of safety is done by dividing current sales by current sales less breakeven point.
Is the margin of safety greater than zero?The margin of safety is a financial ratio that quantifies the amount of sales that have exceeded the break-even point. This financial ratio displays the business's actual profit after all fixed and variable expenses have been paid.
The break-even point is incredibly important for figuring out the business's margin of safety. The margin of safety is the percentage by which an organization's projected sales can decrease without incurring losses.
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a customer wants to enable two authors to finish each other's assignee workflow tastes when one author is absent or share an excessive load in the short term. what should a business practitioner recommend?
When one author is unavailable or needs to share a heavy workload immediately, a business professional ought to suggest including both writers in the dam-users group.
When one has more duties than they can reasonably perform in a given capacity, it is said that they are carrying a heavy burden. It could be the consequence of a company aiming to cut costs, but it could also emerge from the way a person handles or delegated work.
If your workload is causing you stress, using a few work management and self-awareness techniques might help you stay focused and use your time more effectively—or accept your limitations to support your overall well-being.
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in the ___ households work & receive payment from firms. labor market. in the ___ households receive goods & services & pay firms for them.
In the labor market households work & receive payment from firms. In the goods & services market households receive goods & services & pay firms for them.
In households today, everyone is expected to contribute in some way to keep things running smoothly. From sharing in household duties like cooking, cleaning, and grocery shopping, to pitching in financially to pay bills, it's important for everyone to be part of the process.
It's also important to be understanding and accommodating of everyone's needs and capabilities; if one person can't take on a certain task, then someone else should be willing to fill in the gap. With everyone on the same page, households can be run like a well-oiled machine.
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which section of the internal revenue code best discusses whether chester is considered an income tax return preparer?
Answer: IRC 7701
Explanation:
a negative extwhich of the following statements is false? group of answer choices simply because taxes and subsidies are sometimes used to adjust for negative and positive externalities, respectively, it does not necessarily follow that the socially optimal level of output will be reached. ronald coase stressed the reciprocal nature of externalities. one way to deal with negative externalities is for government to apply regulations directly to the activity that generates the externalities. a subsidy can be used to internalize a negative externality; a tax can be used to internalize a positive externality.nality exists and government wants to impose a per-unit tax in order to bring about the socially optimal output. to accomplish its objective, government must set the tax equal to marginal
The statement that is false is "to accomplish its objective, government must set the tax equal to marginal external cost."
What is tax?Taxes are necessary financial fees or other forms of levies that are levied against taxpayers by governmental entities in order to pay for various public expenses. Failure to pay taxes, as well as tax evasion or resistance, are both prohibited by law. Taxes can be paid in cash or in the labour equivalent and can be either direct or indirect. Taxation serves as a means of funding public spending. Taxation is viewed as an involuntary fee in economics since it is enforced by the government without explicit permission.
This is not always the case, as the tax amount needed to bring about the socially optimal output may be higher or lower than the marginal external cost.
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any decision by the management of fast-food franchise corporation may significantly affect its
Any choice made by the Fast-Food Franchise Corporation's management may have a substantial impact only on its operators.
What is Corporation's management?Corporate management entails duties including organising, planning, and overseeing a company's operations. Organizations frequently assign managing titles and tasks, such as daily business management, strategic planning, and business development.
The Board of Directors is in charge of supervising business operations, company affairs, selecting the CEO, and keeping track of the firm's performance.
It must accomplish this while thinking about the company's best interests. Responsibility and accountability are complementary concepts.
They have the authority to oust board members in addition to having the primary responsibility of electing the board of directors.
Other significant corporate responsibilities fall under the purview of shareholders, including amending the Articles of Incorporation and corporate bylaws.
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the calculation and interpretation of a financial ratio____
The calculation and interpretation of a financial ratio ratio analysis.
What is ratio analysis?The relative magnitude of two chosen numerical values taken from the financial accounts of an organisation constitutes a financial ratio or accounting ratio. There are numerous standard ratios that are frequently used in accounting to assess an organization's or a company's overall financial health. The link between two or more financial statement components is measured through ratios. They work best when data from several time periods are compared. This enables you to monitor the success of your business over time and find any warning flags.Ratio analysis is mostly used to assess the advantages and disadvantages of each organisation. The ratios can be used to assess the company's progress by comparing them to its prior ratio. Return on equity, or the profit a firm makes on the capital of its owners, is one of the most crucial statistics to comprehend. In a sense, it's a gauge of how well a business does at generating profits for its stockholders.To learn more about ratio analysis refer to:
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in the case study from chapter 8, how many business miles is michelle allowed to claim on her schedule c? 237 1,146 2,047 2,284
Michelle's family made the 237-mile trip. They got 26.2 miles per gallon of petrol, according to Michelle. how many fuel gallons did the vehicle use? 26.2 miles per gallon equals one unit.
A case study contains what?An in-depth examination of a particular subject, such as a person, group, location, occasion, business, or phenomena, is known as a case study. Case studies are often employed in corporate, social, educational, and therapeutic research.
What kinds of research in cases are there?many case study types
Researchers may focus on a certain group of people in a specific environment or examine a whole neighborhood. For instance, psychologists may investigate how a community's resources have impacted the general mental health of its residents.
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Departmental income statement is where income statement prepared separately having column for each department. Departmental income statement would include direct expenses and allocated expenses or indirect expenses. Direct expenses are directly related to department as they are incurred by them. Indirect expenses are expenses incurred in total by company and used by each department. They are allocated to each department based on certain proportion. The direct and indirect expenses are deducted from departmental sales which would provide net income of department.
The direct and indirect expenses are deducted from departmental sales which would provide net income of department- true.
What are direct expenses?Costs that are charged directly to a cost object are known as direct costs (such as a particular project, function or product). The phrase "direct cost" is employed in accounting. Specific cost is the phrase used in economics to describe this concept. On the other hand, a joint cost is the cost incurred in the production or delivery of many goods or product lines. For example, key flight expenses (pilots, fuel, aircraft maintenance, landing & takeoff fees) were shared expenses in the civil aviation industry that promote economies of scale between freight and passenger services. In contrast, some costs—like those for meals and flight attendants—are specific to the services offered.
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luke operates a moisture farm on the planet tatooine. the moisture farm utilizes droids. luke's production function is given in the table. a barrel of moisture sells for 10 republic credits. a droid costs 65 republic credits per month to rent. how many droids should luke rent?
Luke needs to rent four robots. If Luke has a farm producing moisture on the desert Tatooine. In the moisture farm, droids are used. The table includes Luke's production function information.
What are the many sorts of production functions?The link between input and output quantities is explained by the idea of production function. Q=f is its formula (K,L). Depending on the quantity of constant elements, there are two types of production functions: short-run and long-run.
Which four production factors are there?The inputs required to create a products or service so order to generate revenue are known as the elements of production. These might be seen as the foundation of an economy.
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for how many kbytes of service is the silver plan the best pricing option? when is the gold plan best? when is the platinum plan best? explain your reasoning.
If a reduced out-of-pocket platinum health insurance premium and a lower copayment are your top concerns, you should select a Platinum plan.
What is platinum plan ?The monthly premiums for platinum plans are often the highest of any plan category, but they also cover the most in medical expenses.
If you anticipate using a lot of medical services and would rather to pay a higher premium knowing that almost all other expenditures are covered, these might work well for you.
Although the four metal levels of health insurance's platinum plan frequently have the highest monthly premiums, these plans ensure coverage for particular procedures and have the lowest copays and deductibles.
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Which of the following is the most accurate statement about the impact of business on society?a. Businesses often improve the quality of life, but can do little to improve the standard of living of most people due to inflation.b. When businesses earn a profit for their owners, they usually do so at the expense of the rest of society, which proves it is never a win-win situation.c. While businesses often improve the standard of living within a society, they can do little to improve the quality of life.d. Businesses can have a positive impact on both the standard of living and the quality of life within a society.
Businesses would have a beneficial effect on a society's quality of life and level of living.
Which of the following statements best describes how business affects society?Businesses frequently enhance quality of life for people, but because to inflation, they are unable to significantly raise the majority of people's standard of living.The federal annual deficit is calculated by deducting government spending from government tax receipts for a given year. Simply put, a budget deficit develops when expenses surpass income.Globalization of the economy creates both rivalry and chances for collaboration and integration.The operating and financial effects of a company interruption are examined through the business impact analysis. These effects include missed sales and revenue, missed sales or income, higher expenditures, fines from the government, penalties from contracts, a loss of clients, and a delay in the implementation of new company strategies.To learn more about impact of business refers to:
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which sales promotion tool drove much of the success that the tobacco industry enjoyed during the first and second world wars?
Samples and sampling was the sales promotion tool drove much of the success that the tobacco industry enjoyed during the first and second world wars.
What is meant by sales promotion tools?The use of tactics, techniques, or resources to persuade customers to purchase a something or service is known as promotion. They are frequently utilized by marketing and advertising experts to enhance sales of a specific good or service or to create awareness of a new product.
The primary sales promotion tactics include discounts ("sales"), the distribution of samples and coupons, the hosting of sweepstakes and contests, unique shop displays, and the provision of rewards and rebates.
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what will be true if the anticipated rate of inflation is less than the rate of inflation included in the nominal interest rate of a loan? (2 points)
The lender will benefit from a higher real interest rate if the anticipated rate of inflation is less than the rate of inflation included in the nominal interest rate of a loan.
Depending on your identity or who you are, inflation that is more than expected will have different effects. A worker would most certainly experience the effects in the form of lower pay, a loss of benefits, and a refusal to put in extra time, all of which would lead to weaker bargaining leverage. If inflation is more than anticipated, those who agreed to buy or sell at a price that accounted for lower inflation are called the losers, while those who agreed to pay the cost or price are seen as the winners.
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Which of the following features would not generally be considered common to all forecasts? a. accuracy decreases as the time horizon increases b. actual results will differ somewhat from predicted values c. historical data is always available on which to base the forecast d. forecasts are usually wrong e. forecasts for groups of items tend to be more accurate than forecasts for individual items
Historical data is always available on which to base the forecast[C]. this feature would not generally be considered common to all forecast.
What is Forecast ?The process of forecasting entails creating predictions based on historical and current data. These might then be contrasted with what transpires. For instance, a business can predict its revenue for the following year and then contrast that prediction with the actual outcomes. Prediction is a comparable but broader phrase.Many firms utilise forecasting as a tool for making decisions to aid in planning, budgeting, and anticipating future growth.To learn more about Forecast:https://brainly.com/question/24730207
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with whom does an intranet communicate? a. the media b. corporations c. external publics d. internal publics
The terms "intranet" and "extranet" describe how computer systems are used to communicate with an organization's internal and external publics, respectively.
An intranet is used for communication by whom?Businesses can connect with their staff internally by using intranets, which are private networks. They have long been used by businesses for this reason.
The intranet and extranet's purposes are as follows.Your team may connect, share, and cooperate more efficiently with the use of an intranet, a private business network. An extranet enables your company's interactions and collaboration with selected suppliers, clients, and business partners to be more effective.
The intranet's method of information sharingThe intranet is a secure version of the internet, generally speaking. Private messages can be transmitted via a public network using tunneling by businesses. They employ specialized encryption, decryption, and other security methods to connect one area of their intranet to another.
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bob, a licensee, is under investigation by the dpbr. bob receives an election of rights form along with the administrative complaint. on the form, he chooses to dispute the allegations. bob will face:
The Bob will face: the licensee challenges the claims made in the complaint, a formal hearing before an administrative law judge is required.
What is administrative law?Administrative law's main objective is to provide accountability for administrative agencies. Because judicial review of agency actions is permitted under this body of law, the executive branch's power is restrained and public transparency is ensured. Administrative law is a branch of public law. In administrative law, boards, commissions, and tribunals are the focus. This corpus of law also regulates policing, foreign commerce, manufacturing, the environment, taxes, broadcasting, immigration, and transportation.
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DarIa Carlton promised to donate $2 million to Rayfield Community College if it would Yes or No build a new humanities center. The college built the new center, but then Carlton refused to give the money, claiming she received no benefit for her promise. Can the college collect the money
Due to charity commitments and promissory estoppel, the collage is still able to collect the funds. Whether or not Carlton is eligible for a benefit is irrelevant because the courts compel these kinds of guarantees.
What is a commitment for charity?Donors' promises to give a specific sum of money over a specific period of time are known as donation pledges. Donors can make promises that are unconditional, meaning there are no conditions, or conditional, meaning payment will only be given if a condition is met.
Do donations to charities have legal standing?A charitable pledge can be a legally binding contract between a donor and a charity, despite the fact that most people conceive of it as a promise. The particular language in the pledge agreement and the relevant state contract law will determine whether a philanthropic commitment is a legally enforceable contract.
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the nominal yield on 6-month t-bills is 4%, while default-free japanese bonds that mature in 6 months have a nominal rate of 3.5%. in the spot exchange market, 1 yen equals $0.008. if interest rate parity holds, what is the 6-month forward exchange rate? do not round intermediate calculations. round your answer to five decimal places.
The 6 - month forward exchange rate, given the nominal rate, and the spot exchange, will be 0.816 %
To find the forward exchange rate:
First, find the periodic nominal rate as the period is in months :
= Nominal rate / Number of periods per year
= 3 . 5 % / 2 periods per year
= 1 . 75%
The nominal yield on - Bills :
= 4 % / 2
= 2%
The forward exchange rate is:
= ( 1 + periodic nominal rate ) / ( 1 + nominal yield ) x Current spot exchange
= ( 1 + 0.002) / ( 1 + 0.0175) x 0.0008
= 0.00816
= 0.816 %
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which of the following is true? responses a country producing products at a lower opportunity cost than other nations has comparative advantage with those products. a country producing products at a lower opportunity cost than other nations has comparative advantage with those products. countries should specialize in producing goods that they have an absolute advantage in producing. countries should specialize in producing goods that they have an absolute advantage in producing. a nation cannot have an absolute advantage in the production of every good. a nation cannot have an absolute advantage in the production of every good.
A country producing products at a lower opportunity cost than other nations has comparative advantage with those products is true.
What does comparative advantage mean using an example?What you excel in while making the fewest sacrifices is your comparative advantage. Your comparative advantage is plumbing, for instance, if you're also a wonderful babysitter.
The difference between an absolute and a comparative advantagePositive Aspect: a producer's capacity to outproduce a rival in terms of quantity of an item or service. The capacity of an actor to create a good or service for a lower opportunity cost than a rival.
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