In an economy in which decisions are guided by prices and individual self-interest, there is the potential to achieve production efficiency.
What is production efficiency?This has to do with that maximum capacity that exists where production would not be able to take [place without lowering the production capacity of others.
This is the stage where self interest may come in and people make their decisions based on the price in the market.
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Joshua just got a copy of the preliminary report from his title company and is surprised to see that there's a mechanic's lien against his property. What does he have to do to clear this lien
Joshua needs to pay the bill that resulted in the mechanic's lien.
In order to file a mechanic's lien, the lienholder must provide notice to the property holder of the lien. Joshua needs to pay the bill that resulted in the lien OR prove that the bill was indeed paid.
A mechanic's lien is a prison declaration towards domestic or other assets. Mechanic's liens are typically used by subcontractors and suppliers when they have not acquired charge for upgrades they made to belonging. they are a manner to are seeking for price for the work achieved remodeling or improving a home.
A mechanic's lien is a security interest inside the identity to assets for the gain of those who've furnished exertions or materials that enhance the property. The lien exists for each actual property and personal property.
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Every month, ciara sorts her monthly cash into envelopes for each specific expense. she puts $500 in a grocery envelope, $250 for a gas envelope, and $100 for an entertainment envelope. she says this helps her control her spending. which type of budget is ciara using? question 20 options: a software-based budget a mental budget a physical budget a written budget
The type of budget ciara is using: a physical budget.
What is budget?Budget can be defined as the process of planning ahead of a project or future project so as to effectively plan how to spend.
Ciara is making use of physical budget by enveloping each money as this will enables her to control her spending.
Therefore the correct option is C.
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Many retail companies are motivated to incur credit costs because many customers are emotional buyers and offering credit generally leads to increases in sales revenue. This statement is Group startsTrue or False
The statement "Many retail companies are motivated to incur credit costs because many customers are emotional buyers and offering credit generally leads to increases in sales revenue" is True.
Credit sales are also known as buying "on finance".
It involves a client agreeing to pay back the cost of a good they've purchased over a lengthy period of time.
Although many businesses provide interest-free periods, especially at the beginning of the arrangement, this sometimes entails paying interest for the time it takes to return the whole amount owed.
Even when the entire sum is not paid up in advance, the consumer nevertheless acquires legal ownership of the items at the time the contract is signed.
If a business gives clients credit and there are no conditions attached, the customers are free to pay the bill whenever they want, which could be never.
Sellers typically have credit sales conditions that specify when the debt will be due for payment, a discount duration, and a discount in order to reduce such undesirable situations.
Hence, where many retail companies are motivated to incur credit costs because many customers are emotional buyers, and offering credit generally leads to increases in sales revenue.
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On January 1, the Matthews Band pays $69,000 for sound equipment. The band estimates it will use this equipment for five years and perform 200 concerts. It estimates that after five years it can sell the equipment for $2,000. During the first year, the band performs 55 concerts. Compute the first-year depreciation using the straight-line method.
$13,400 is the first-year depreciation using the straight-line method.
Step 1cost = $69,000
savage = $2,000
cost minus savage = $69,000 -- $2,000
⇒$67,000
⇒Estimated years = 5years
using the straight-line method formula.
Step 2⇒first-year depreciation expense = $67,000 /5
⇒$13,400
thus, the depreciation using the straight-line method is $13,400
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We've observed that there are few examples of perfectly competitive markets in the real world, yet we use the model of perfect competition as a comparison with other market structures. Can you think of any examples of monopoly in the real world
Examples of monopoly in the real world are the American Tobacco company and the US steel.
What is a monopoly?A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. the demand curve is downward sloping. it sets the price for its goods and services. An example of a monopoly is a utility company.
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In a closely held corporation, the majority shareholders __________. Multiple Choice can control the election of a board of directors bring derivative suits on behalf of the corporation cannot be employed by the corporation have the same impact on policy as minority stockholders have no influence on management
In a closely held corporation, the majority shareholders "can control the election of a board of directors ".
Who are board of directors?In the case of publicly traded corporations, the board of directors (B of D) is the group responsible for setting strategy and supervising management.
The roles of board of directors are-
A board of directors' primary duty, whether they work for a publicly listed company, a privately held company, or a nonprofit organisation, is to offer direction and control so that the latter can carry out its objectives.Appoint, overseen, retain, assess, and pay the manager.Create a system of policy-based government.Organize the business and your interaction with the CEO.Who are shareholder?Any individual, business, or organisation that has stock in a corporation is a shareholder.
A shareholder of a firm may own just one share. As residual claimants on a company's profits, shareholders may be subject to capital gains (or losses) and/or dividend payments.To know more about the board of directors of a corporation, here
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Your parents choose to purchase life insurance because it is advertised by Alex Trebek. After all, he is a really smart guy and they trust him to lead them to a good product. They are basing their choice of this insurance on the __________.
Your parents choose to purchase life insurance because it is advertised by Alex Trebek. After all, he is a really smart guy and they trust him to lead them to a good product. They are basing their choice of this insurance on the peripheral route of persuasion.
A contract between an insurance policy holder and an insurance company in which the insurer agrees to pay a quantity of money in exchange for a premium upon the demise of an insured person or after a specific amount of time is known as life insurance.
The indirect method known as the peripheral route makes use of peripheral clues to link the message with positive (Petty & Cacioppo, 1984). The peripheral approach relies on association with positive attributes, such as happy feelings and celebrity endorsement, rather than focusing on the facts and the quality of a product.
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The acronym DRIP stands for Question 30 options: Dividends, Returns, Interest, and Profits. Dividend Reinvestment Plan. Dividend Risk and Income Potential. Dividend Rates and Income Potential.
The correct option is Dividend Reinvestment Plan.
DRIPs, or dividend reinvestment plans, are used by hundreds of publicly traded corporations. At each quarterly dividend payment, they drip-feed the company's dividend into fresh shares of their own stock, much like the acronym. These programs are run by businesses at no ongoing expense to you.
The term "dividend reinvestment plan," abbreviated as DRIP, also serves to define how the plan operates. With DRIPs, an investor's investment in a firm grows incrementally by using the cash dividends they get from the company to buy more stock.
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Explain five reasons the government offers training to business people
a. In order to exceed industrial standards.
b. To reduce dropout/attrition rates.
c. To improve operational efficiency.
d. In order to support succession planning.
e. To increase the value of employee
Explanation:a. In order to exceed industrial standards - Industrial training of employees is the best practice which develops and builds one's reputation by giving a competition field to your competitors thus making them run for their money.
b. To decrease or reduce attrition rates - Investing in the development of your employees can reduce attrition rates. A training which is well-planned can provide career paths for employees who achieve retention within the organization rather than seeing them seek high-level opportunities somewhere else other than the company they are in.
c. To improve operational efficiency - When you train your employees, you can increase their efficiency and productivity in completing their daily work tasks. Training can also help your organization achieve greater consistency in process commitment, facilitating the implementation of project outcomes and the achievement of organizational goals and objectives.
d. In order to support succession planning - When you provide ongoing employee training and development, you support succession planning by increasing the availability of experienced employees and the ability to take on senior positions as they become available.
e. To increase the value of employee - When there is effective training, it helps to multi-skill or skill your employees. Up-skill involves expanding the employee's knowledge of an existing skill, providing more expertise in the subject area. Versatility is the process of training employees in new or related areas of work to increase their employ-ability within the organization.
A top executive from Toyota sits on the boards of the Tomo Tire Co., which manufactures tires for Toyota automobiles. Toyota and Tomo Tire Company trade with each other whenever possible and work together in product development, finance, and marketing. This is an example of _______. a. keiretsu b. trust c. commitment d. amae
The example that is made here about these two companies is what is referred to as option A: keiretsu.
What is keiretsu?
This is a Japanese term that has to do with a network of business that has different manufacturers in it.
They are known to come together ion order to have business alliances and also relationship. This may be seen as informal in some parts of the world.
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Dividing potential customers into groups of similar people is known as
A. customer relationship management
B. market segmentation
C. environmental scanning
D. public accounting
The division of the customers into groups of the similar people is known as market segmentation. Thus correct option is (B).
What is Market Segmentation?Market segmentation is the marketing strategy in which the people are divided into similar groups making the small segments who has the common needs and respond same to the marketing action.
Market segmentation is the process of grouping comparable clients together. Therefore the correct option is (B).
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Lupita's company is slowly recovering from the most recent economic recession. While the recession forced her firm to make tough decisions, it also enabled her to reframe her company. What might Lupita have done during the recession that will make the company stronger in the long run
Some things that Lupita can do to reduce the effects of the recession in her company in the future are:
Making customers a priority. ...Marketing strategies. ...Managing staff, etcWhat is a Recession?This refers to the economic term that talks about the temporary economic decline in a country that sees a reduction in trade.
Hence, we can see that based on the fact that Lupita's company is just recovering from an economic recession, some company policies that she can adopt are prioritizing her customers, improving already existing marketing strategies, etc.
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To promote their greener practices, nearly 60 private-sector companies have partnered with the ________, which seeks to reduce the deforestation caused by the production of many consumer products that rely on palm oil, soy, tree pulp, and paper.
To promote their greener practices, nearly 60 private-sector companies have partnered with the Tropical forest alliance which seeks to reduce the deforestation caused by the production of many consumer products that rely on palm oil, soy, tree pulp, and paper.
A public-private collaboration called the Tropical Forest Alliance 2020 (TFA 2020) works to address the factors that contribute to tropical deforestation by encouraging its members to adopt voluntary steps, both individually and collectively, to do so.
The World Economic Forum is the site of the Tropical Forest Alliance, a premier cooperation platform that unites parties with the aim of putting forward strategies to address deforestation caused by the production of agricultural products.
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What is a list of quantities of components, ingredients, and materials required to make a product?.
Answer:
I think it B hop it helped
The new-product process stage of market testing involves which two items? Multiple select question. using realistic purchase conditions to see if consumers will buy launching full-scale production for the product ensuring the product meets the standards established by the protocol exposing actual products to prospective consumers
The new-product process stage of market testing involves two items -
Using realistic purchase conditions to see if consumers will buyExposing actual products to prospective consumersTo find out how well a product, service, or offering will perform, one can conduct market research. It often consists of research studies that seek to provide answers to concerns about how the market will respond to the introduction of the product.Convenience goods, shopping goods, specialty products, and unsought goods are the four categories of products, and each is categorized according to consumer preferences, pricing, and product features. Let's explore each of them in more depth.How many steps are in the new product development process multiple choice question?
The process of bringing a brand-new product idea to market is known as new product development (NPD). It can be roughly divided into seven stages: ideation, research, planning, prototype, sourcing, costing, and commercialization, though it varies by industry.Learn more about new product development (NPD) brainly.com/question/26679051
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A mortgage banker's fixed rate loan commitment to potential borrowers is an option for the borrowers at the committed rate. If rates rise, more borrowers will use the option, forcing the mortgage banker to make below-market rate loans and sell them at a loss. This risk is called
This risk is interest rate.
The risk of changes in interest rates (in the US or other global markets) lowering (or raising) the market value of a bond you own is known as interest rate risk. The longer you keep a bond, the greater the risk associated with interest rates, commonly known as market risk.The value of fixed-income assets is directly impacted by interest rate risk. Due to the inverse relationship between interest rates and bond prices, when interest rates rise, bond prices fall and vice versa.
What is meant by interest rate risk?
The possibility that a change in general interest rates will lower the value of a bond or other fixed-rate investment is known as interest rate risk. Bond prices decrease as interest rates rise and vice versa. This means that the market price of existing bonds drops to offset the more attractive rates of new bond issues.Learn more about interest rate
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What is the difference between asset allocation and diversification?
A) Diversification is much more important than asset allocation in an investment strategy.
B) Asset allocation and diversification are the same.
C) Asset allocation is about risk and diversification is about reward.
D) Asset allocation is the types of investments you choose, diversification is how you spread your investments within each investment type.
Asset allocation is the types of investments you choose, diversification is how you spread your investments within each investment type.
What is the difference between asset allocation and diversification?Asset allocation are the choices of assets that is made in an investment strategy. Diversification is the process of picking assets that are uncorrelated with each other in order to reduce unsystematic risks.
For example, a person might choose to invest only in equity and buys only equity stocks. This is asset allocation. The person can decide to buy stocks in different industries in order to reduce unsystematic risk. This is diversification.
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ING realized they needed to stop thinking traditionally about product marketing and start understanding ______.
ING realized they needed to stop thinking traditionally about product marketing and start understanding about transformational leadership .
INGThe ING Group (Dutch: ING Group ] is a Dutch multinational banking and financial services corporation headquartered in Amsterdam. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, wholesale banking, private banking, asset management, and insurance services. With total assets of US$1.1 trillion,[2] it is one of the biggest banks in the world, and ING group consistently ranks among the top 30 largest banks globally. It is among the top ten largest European companies by revenue.
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The term ______________________ refers to a market exchange that affects a third party who is outside or external to the exchange. social costs spillover market failure private costs
The term spillover refers to a market exchange that affects a third party who is outside or external to the exchange. This is further explained below.
What is spillover?Generally, A spillover effect occurs when an occurrence in one nation has an influence on the economy of another nation, often one that is more reliant on the economy of the first nation.
In conclusion, A market exchange that has an effect on a third party that is not part of the transaction is referred to as having a spillover.
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Recently, people in the united states have started demanding more products from the united kingdom. What effect will this growing demand for uk products have on the british pound relative to the us dollar?.
The pound will appreciate.
An appreciation means a growth in the cost of a currency in opposition to different foreign forex. An appreciation makes exports extra steeply priced and imports less expensive. An instance of an appreciation in the value of the Pound 2009 – 2012. Jan 2009 If £1 = €1.1.
Foreign money appreciation commonly reduces inflation due to the fact imports come to be inexpensive and the decreased prices lead to decreasing inflation. It makes imports extra appealing, causing the demand for neighborhood merchandise to fall. neighborhood organizations generally must reduce fees and boom productiveness as a way to stay competitive.
In 2021-22, the GBP-USD trade charge is forecast to understand with the aid of four.6%, with £1 returning US$1.3679 on common during the 12 months. on the time of guide, the BoE day-by-day spot exchange charge was £1 same to US$1.3404 on 02 March 2022.
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Answer:
The Benefits of Trade: Mastery Test
Unit: 3 I think
Economics
Question #4
__________________________________________________________
This is 100% correct I took the test!
Explanation for answer
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Explanation:
Here's the picture and I hope this helped!
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In a periodic inventory system, cost of goods sold is not recorded as each sale occurs. Group startsTrue or False
In a periodic inventory system, the cost of goods sold is not recorded as each sale that occurs is a true statement.
Periodic Inventory SystemA physical count of the inventory is conducted at predetermined intervals as part of the periodic inventory system, a technique of inventory valuation for financial reporting reasons.In order to calculate the cost of goods sold, this accounting method starts with an inventory at the beginning of the period, adds fresh inventory purchases throughout the period, and subtracts ending inventory.A corporation using the periodic inventory system won't be aware of its unit inventory levels or COGS until the physical count process is finished. For a company with a small number of SKUs operating in a sluggish market, this method might be suitable, but for all other companies, the perpetual inventory system is preferred.Hence, the given statement is true.
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Assume that the marginal propensity to consume is 0.8 and that potential output is $800 billion. If real GDP is $850 billion, to bring the economy to potential output, the government should: decrease spending by $50 billion. increase spending by $50 billion. decrease spending by $10 billion. decrease transfers by $50 billion.
The following policies would bring the economy to potential output is Decrease government spending by $10 billion.
What is Marginal Propensity?
The "Marginal Propensity" to consume is defined as calculate quantification of money that consumers are ready to spend.
The term "Marginal propensity" to consume is term used in economics. It measures monetary value which consumer is willing to spend to buy goods and services instead of saving it.
The "Marginal Propensity" to consume tends to increase economic activities of country by keeping cash flowing and by not keeping it stagnant. It also helps in increasing trade value and quality and cost of products because it increases healthy competition among companies and in which consumers are ultimately benefitted.
Therefore , we can conclude that the correct option is C.
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Write the need and importance of ministry of labour to make foreign employment safe,dignified and dacent
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Recently, the amount of time men devote to housework has been increasing while the amount of time women devote to housework has been decreasing. An economic explanation for this trend could be
Recently, the amount of time men devote to housework has been increasing while the amount of time women devote to housework has been decreasing. An economic explanation for this trend could be woman empowerment.
Women's empowerment can be characterized in a number of ways, such as accepting women's perspectives or making an attempt to do so, and elevating women's status through knowledge, awareness, literacy, and training.
Five factors make up women's empowerment: their feeling of self-worth, their right to make and exercise choices, their access to opportunities and resources, their right to have the ability to lead their own lives both within and outside of the home, and their capacity to shape social trends.
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Hayley Franken works at Big Burger after school and on weekends. With her heavy course load, her job and being on the basketball team, Hayley finds that she is simply worn out most of the time. She has said to her manager at work, " Sometimes I am not even sure how I drive myself home because I want to sleep so much." Hayley worked a double shift at Big Burger and did not leave until 2 AM, 4 hours beyond her usual quitting time. On the way home, she apparently dozed off and struck another car head-on and was killed. Her parents are suing Big Burger for wrongful death. Discuss the liability issues.
Her parents are suing Big Burger for wrongful death. The liability stands for the Big Burger.
What is a Wrongful Death?The surviving family members may file a "wrongful death" lawsuit if someone dies as a result of another's carelessness.These legal actions seek restitution for the losses suffered by the survivors, including burial costs, lost companionship, and pay from the deceased's job.When someone passes away as a result of another person's legal wrongdoing, there is a wrongful death claim.What are Liability Issues of Wrongful Death?State-by-state variations in wrongful death laws affect who may file claims and whether there are any restrictions on the amount of damages that may be awarded.A deceased child's parents, offspring, and even immediate family members may be compensated under state law.It all relies on the wrongful death law in your state, which may not be the same as the heirs recognized under state law for intestate inheritance purposes.However, in most cases, the estate of the deceased's personal representative files a lawsuit alleging wrongful death.Who Governs Wrongful Death?There is a civil "wrongful death legislation," or set of statutes, that governs how wrongful death lawsuits must be brought in every state.The personal representative or lawyer may also file claims for bodily harm, conscious suffering, or costs incurred before the decedent passed away.How to prove Wrongful Death?
In order to prevail in a wrongful death claim, the appealing person normally needs to demonstrate the following:
The passing of a personThe death was brought on by someone else's carelessness or malicious intentThe continuation of surviving family members who are experiencing financial harm as a result of the deathSelecting a personal representative to handle the estate of the deceased.Know more about Wrongful Death Liability
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Long-term investments include: Multiple Choice Investments in marketable bonds that are intended to be converted into cash in the next month. Investments that are not readily convertible to cash or are not intended to be converted to cash in the short term. Investments intended to be converted to cash within one year. Only investments readily convertible to cash. Investments in marketable stocks that are intended to be converted into cash in the next month.
Investments that are not readily convertible to cash or are not intended to be converted to cash in the short term are Long-term investments.
Long term investmentsAn account on the asset side of a company's balance sheet that represents the company's holdings, including stocks, bonds, real estate, and cash, is known as a long-term investment.
Assets that a business plans to hold for more than a year are referred to as long-term investments.
Securities that are held for more than a year are often considered long-term investments. Stocks, bonds, property, mutual funds, and exchange-traded funds are a few examples of these.
long-term investment categoriesThe four main long-term investing possibilities are as follows:
Stocks. Stock is described as "...a part in the ownership of a corporation"Bonds. By purchasing bonds, you are essentially lending money to a business, organization, community, or governmental body. ...Cash Alternatives.learn more about Long-term investments here https://brainly.com/question/11663568
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3. Which statement about Lillie's mortgage is false
Answer:
C is the correct answer. Under her GreenPointe Mortgage Account, she has no past due. Under her First USA Bank N A Account, she has a past due of $50, which is overdue by 60 days. In her third account, which is Astoria Federal Saving, there is no past due
Explanation:
hope it will help you
She has no past dues on her Green Pointe Mortgage Account. She has a $50 past due on her First USA Bank N A account that is 60 days past due. There are no past due balances in her third account, the Astoria Federal Savings.
What is a Mortgage?When you and a lender enter into a mortgage, the lender is granted the power to seize your property if you are unable to pay back the loan amount plus interest. To purchase a property or borrow money against the value of a home you currently own, you can use a mortgage loan.
A loan is a financing arrangement whereby the borrower borrows money from the lender and then repays the lender over time. A mortgage, often known as a home loan, is a type of loan used to purchase real estate and is backed by the house or land being purchased.
There are two sorts of interest rates for mortgages: fixed and adjustable. An interest rate on a loan with a fixed rate is fixed for the duration of the loan. In other words, you commit to paying the market interest rate over the subsequent 15–30 years.
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One of the most important factors in forming a successful venture in China is guanxi, which means ________.
One of the most important factors in forming a successful venture in China is guanxi, which means personal relationships.
What is Guanxi?
Guanxi is a term that can be translated informally as social networks or personal ties. It operates on a personal, familial, social, business, and political level and entails mutual trust and duties between partners. One's influence and capacity for action are influenced by having good, bad, or no guanxi.
Guanxi is still significant while conducting business in China, but a number of considerations suggest that it may start to lose some of its significance. These include the opening up of the Chinese market, foreign direct investment, "guanxi learning" by foreign businesses, and internet intermediaries.
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If the level of incomes rises for high-income workers but doesn't change for low-income workers, then poverty will not change and inequality will fall. then poverty will not change and inequality will rise. then poverty will rise and inequality will fall. then poverty will fall and inequality will rise.
If the level of incomes rises for high-income workers but doesn't change for low-income workers, "then poverty will not change and inequality will rise."
What is poverty?Lack of resources to meet necessities like food, clothing, and shelter constitutes poverty. But poverty goes far beyond simply not having enough money.
According to the World Bank, poverty is as follows:
Hunger is poverty.Absence of shelter is poverty. Being sick and unable to visit a doctor is poverty. Being illiterate and lacking access to education are both aspects of poverty. Living day by day and not having a job are all signs of poverty.Some faces of poverty is also-
Poverty has been characterized in a variety of ways and takes on several forms that vary from place to place and over time. Most of the time, people desire to get out of poverty. Therefore, poverty is a call to action for both the wealthy and the poor, a call to alter the world so that more people may have access to food, shelter, education, and healthcare, as well as protection from violence and a voice in local affairs.Therefore, rarely is there a single source of poverty. Some people don't have enough money due to a number of circumstances, including growing living costs, low salary, unemployment, and insufficient social security benefits.
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Which is an exception under the UCC to the writing requirement of the Statute of Frauds? Group of answer choices full performance. accommodation. consideration. partial performance.
Full performance is an exception under the UCC to the writing requirement of the Statute of Frauds.
The statute of frauds, a state legislation that typically mandates that some transactions be in writing and signed by the parties in order to be enforceable, is included in the Uniform Commercial Code (UCC). In these particular circumstances, the UCC stipulates that contracts must be in writing: Sales agreements for products costing $500 or more.
However, there is an exception to the statute of fraud writing requirement where the customer has received and accepted the given items from the vendor.
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