Many of these frauds were perpetrated by the CEOs and other senior officers. In response, Congress enacted the Sarbanes-Oxley Act of 2002.
Why Is the Sarbanes-Oxley Act Important?
Federal legislation known as the Sarbanes-Oxley Act of 2002 imposed stringent financial and auditing standards for publicly traded firms.
To assist shield shareholders, employees, and the general public from accounting mistakes and dishonest financial activities, legislators enacted the legislation. The new set of regulations was held accountable by auditors, accountants, and corporate officers. The Securities and Exchange Act of 1934 and the Investment Advisers Act of 1940, two statutes that the Securities and Exchange Commission (SEC) enforces, were amended and expanded by these rules. The Sarbanes-Oxley Act is enforced by the SEC. The Act primarily focuses on the following areas:
Increasing the severity of punishmentAccounting guidelinesNew safeguardsCompany accountability.What advantages does the Sarbanes-Oxley Act offer?However, several business leaders agreed that adjustments were needed and believed the Act may encourage better financial procedures that would benefit businesses and their stakeholders.
Indeed, as the law was fully implemented over the following years, even those of those who were first dubious of the Act came to see its advantages.
Supporters of the bill specifically stated that the Act strengthened controls, standardized processes, improved paperwork, strengthened board monitoring helped businesses improve their financial management.
Additionally, studies show that the Act raised investor confidence.
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t the _____ level of relationship marketing, a firm uses pricing incentives to encourage customers to continue doing business with it. Group of answer choices financial customization
At the Financial level of relationship marketing, a firm uses pricing incentives to encourage customers to continue doing business with it.
What is relationship marketing?
Relationship marketing is a component of customer relationship marketing (CRM) that prioritises long-term engagement and client loyalty over short-term objectives like customer acquisition and individual sales.
You can incorporate the following relationship marketing strategy examples into your strategy: simplify the checkout procedure on your website (and other customer actions, like the onboarding experience) Construct loyalty reward schemes. Inquire about and pay close attention to client feedback and demands.
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Sometimes employees will deliberately overstate the amount of materials and/or labor that should be required to complete a job. The difference between inflated and realistic standards is known as:
Sometimes employees will deliberately overstate the amount of materials and/or labor that should be required to complete a job. The difference between inflated and realistic standards is known as budget slack.
A budgetary cushion known as "budgetary slack" aims to increase the likelihood that actual performance will exceed expectations. Underestimating the quantity of revenue or income to be generated or overestimating the number of expenses to be incurred are the two ways to create budgetary slack.
The intentional under- or over-estimation of expected revenue or expenses is known as budgetary slack. This gives managers a considerably better opportunity to "make their numbers," which is crucial for them if performance reviews and bonuses are dependent on meeting budgetary targets.
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Small-business owners have the opportunity to set the ethical tone for their companies. Modeling ethical behavior is key. Group of answer choices True False
Small-business owners such as entrepreneurs have the opportunity to set the ethical tone for their businesses (companies) because modeling ethical behavior is key.
What are ethics?Ethics can be defined as a set of unwritten and written standards, principles, values or rules of moral conduct that are established to guide human behaviors, especially with respect to their relationship with others.
This ultimately implies that, small-business owners such as entrepreneurs have the opportunity to set the ethical tone for their businesses (companies) and employees because modeling ethical behavior is key.
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The dollar is said to appreciate against the euro if the exchange rate falls. choose one:
i. Other things the same, it will cost fewer euros to buy U.S. goods. the exchange rate falls. ii. Other things the same, it will cost more euros to buy U.S. goods. the exchange rate rises. iii. Other things the same, it will cost fewer euros to buy U.S. goods. the exchange rate rises. iv. Other things the same, it will cost more euros to buy U.S. goods.
For equipment purchased from the United States, European businesses will pay less in euros.
What would happen if the US dollar increased in value relative to the euro?The dollar now "buys" more euros if the exchange rate between the two currencies rises to $1 for 0.94€. As a result, purchasing European items is now more affordable. As U.S.-made goods are now more expensive, U.S. exports would decrease while imports from nations that use the euro would increase.An increase in the value of one currency in comparison to another is known as currency appreciation. For a variety of factors, including governmental policies, interest rates, trade balances, and business cycles, currencies appreciate against one another.learn more about dollar is said to appreciate against the euro here https://brainly.com/question/13825174
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GFB has created a socially conscious culture throughout the company. The first step GFB always follows in improving U.S. business ethics is
GFB has established a socially conscious culture throughout the company. The first step GFB always follows in enhancing U.S. business ethics is cultivating heightened awareness and ethical mindfulness at all organizational levels.
GFB, short for "Global Forward Brands," represents a company fostering a culture of social consciousness across its operations. With a commitment to ethical business practices, GFB prioritizes creating a positive impact on society and the environment.
By integrating responsible decision-making into its operations, GFB strives to ensure that its business practices align with the greater good.
This approach not only resonates with modern consumers who value socially responsible brands but also contributes to a more sustainable and ethically oriented business landscape.
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What types of property are a regular investment target of pension funds, publicly traded real estate companies, and real estate funds, large commercial properties valued well over $10 million ?
investment-grade properties are a regular investment target of pension funds, publicly traded real estate companies, and real estate funds, for large commercial properties valued at well over $10 million.
What are pension funds?Any plan, fund, or scheme that offers retirement income is referred to as a pension fund, also known as a superannuation fund in some countries. Pension funds are collections of monetary contributions from pension plans established by employers, unions, or other groups to cover the retirement benefits of their members or employees.
Up until recently, the majority of pension funds' investments were made in stocks and bonds, frequently employing a liability-matching technique. These days, they put more money into a wide range of asset sectors, including infrastructure, private equity, real estate, and commodities like gold that can act as inflation hedges.
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The Damage Inventory will be used by the ____________ to group damage line items into projects. After grouping, the line items will be used to generate Site Inspection Work Orders.
The correct answer to fill the blank is Program Delivery Manager. The Damage Inventory is going to be used by the Program Delivery Manager
What is the damage inventory?The damage inventory has to do with the fact that the inventory has become so damaged that they have become useless.
They are the activities for which a person is trying to get public assistance reimbursement for.
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Question 3 Brittany provides in-home hairstyling services to her clients and collects payment from them at the time of service. What type of transaction in QuickBooks Online allows her to record the sale and the payment on a single screen
Brittany provides in-home hairstyling services to her clients and collects payment from them at the time of service. A transaction in QuickBooks Online allows her to record the sale and the payment on a single screen is known as sales receipt.
A sales receipt is a record of the transaction that the seller provides to the customer at the time of the sale to confirm the goods or services were given and the price was paid. Sales receipts are frequently required by you for inventory management and tax calculation, while your clients can use them for reimbursement or accounting needs.
Writing digital receipts is quicker than writing paper ones, and it also conserves trees and ink. With Acrobat Sign, you can track papers, ask for e-signatures, send receipts to multiple recipients, and combine it with a variety of sales tools.
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How are enterprise resources planning (ERP) systems related to supply chain management (SCM) systems
Enterprise resource planning helps supply chain management with a better estimation of future events and helps them in managing their inventory.
What is supply chain management?
Supply chain management help to maintain the distribution or movement of material in converting the final products based on customer needs and market preferences.
Enterprise resource planning helps organizations estimate future events and smooth operations in the business process. It helps in optimum utilization of resources by forecasting to achieve better efficiency in business.
This helps SCM to maintain the movement of goods and services based on trends in the market and forecasting demand to continue an adequate supply of goods and services.
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Analyse what effect the building of an airport may have on the decision of how to use an area of land nearby.
The following strategy(ies) could be used to sustain the value provided by an organization: Group of answer choices Run Strategy Block Strategy Team-up Strategy Any one or more of the above strategies could be used.
All three strategies, Run Strategy, Block Strategy, and Team-up Strategy could be used to sustain the value provided by an organization.
Technology and IP StrategyThe "block" strategy calls for great thought to go into the IP that will be produced, how it will be safeguarded, and then zealous enforcement. The company must be ready psychologically and financially to implement an intellectual property strategy methodically and with the necessary aggressivity after carefully planning it out in advance (and all the while adapting to the changing environment).The "run" method necessitates that the business is set up to move quickly from concepts to product development and out the door to customers. There is frequently minimal effort spent developing an IP strategy, and because there are more goods, there is less internal motivation to enforce or defend all IP.The "team-up" strategy depends on having distinctive qualities that appeal to the partner organization.To learn more about the IP strategy refer to:
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Caterpillar is a manufacturer of heavy equipment. The company imports steel parts such as buckets for end loaders from China. Once the products arrive from China, Caterpillar must remove rust from the items that developed during ocean transport. What area of the marketing mix best characterizes this issue related to the imported steel parts
Answer - Place.
Place is the area of marketing mix that best characterizes this issue.
How the issues of rust takes place?
Because Seawater contains a significant concentration of dissolved salts and is very corrosive to steel, infrastructure and assets in or near marine environments are particularly susceptible to corrosion. Efforts to mitigate corrosion in marine environments continue as industries develop and implement solutions to prevent asset degradation.Strategy to address this Issue.
The overarching strategy is to keep the expected service life of the steel parts in mind. Usually a steel part is designed to meet a 25-year life at the lowest cost. At the design stage, an analysis determines whether it is most profitable to initially invest in higher-cost materials that will reduce maintenance costs over time, or to use more economical materials up front and plan for higher maintenance costs as the steel is maintained throughout its service life.This strategy addresses the life of the steel from the cradle to the grave. Once initial construction costs are determined, expected consequences and their costs are plotted over time. Then the most economical approach for a successful 25-year life is selected. This approach requires sound economic policy and an appropriate projection of probable consequences over time.Learn more about Import/Export issues from the given links.
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If the multiplier equals 2 and the AD shortfall is $6 million, the desired fiscal stimulus is
If the multiplier equals 2 and the AD shortfall is $6 million, the desired fiscal stimulus is $3 million.
What is the shortfall?The term shortfall has referred to the deficiency of something in the market. When the availability of goods is not adequate and suppliers fail to provide them. This situation is considered as shortfall.
To calculate the desired fiscal stimulus
desired fiscal stimulus= AD shortfall/ Multiplier
=$6 million/ 2
= $3 million
Therefore, the desired fiscal stimulus is $3 million.
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Because state corporate laws differ, persons wishing to incorporate may look for the state that offers the most advantageous tax or other provisions. Group of answer choices False True
This is true Because state corporate laws differ, persons wishing to incorporate may look for the state that offers the most advantageous tax or other provisions.
State corporate lawsThe primary law regulating corporation management and activities is state corporate law. Each state adopts its own corporate statutes and creates its own common law to interpret those statutes. In general, shareholders who want to file lawsuits to enforce their rights must do so in accordance with state law.
State laws are generally responsible for establishing and regulating corporations, and many of them adopt the ABA's Model Business Corporation Act.
Corporate lawyers advise corporations on their rights and obligations in order to ensure that all of their transactions are compliant with the law. In essence, they strive to ensure that businesses make decisions that are both beneficial and legal.
Given that it imposes no taxes on corporation income, corporate shares, franchises, or personal income, Nevada frequently tops the list of places to incorporate for tax reasons.
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Which of the following can be used to pierce the corporate veil? Group of answer choices adequate capitalization alter ego theory formation of the corporation to avoid personal liability
The answer is adequate capitalization.
In legal terms, piercing the Corporate Veil refers to a circumstance in which the court lifts limited liability and holds the corporation's owners and/or directors personally liable for the corporation's debts or acts. In many ways, the idea violates the widely held belief that a corporation is an autonomous legal entity with full accountability for its debt as well as the advantages arising from credit provided to it.
The Corporate Veil is a barrier that shields members from the company's actions. Simply put, if a firm breaches a law or incurs obligation, its members cannot be held accountable.
Hence , the correct option is adequate capitalization.
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A landlord entered into a written lease of a bakery for a term of 25 years with a baker. The parties agreed to a right of first refusal if the bakery was offered for sale during the term of the lease. The lease also permitted assignments and subleases on notice to the landlord. Three years later, the baker retired and, after notifying the landlord, transferred the lease to a chocolatier. Twenty-one years later, the landlord entered into a contract with a buyer for the sale of the bakery for $100,000. The landlord had informed the buyer of the lease but had forgotten about the right of first refusal. When the chocolatier learned of the sale to the buyer, she informed both the landlord and the buyer that she wanted to exercise her option and was prepared to purchase the bakery for the contract price. The jurisdiction's Rule Against Perpetuities is unmodified by statute.
Can the chocolatier enforce the option?
In the given scenario; "Yes, the chocolatier enforce the option because the option touches and concerns the leasehold estate".
What is Jurisdiction's Rule?Jurisdiction is a phrase that refers to a court's power or authority to hear a matter. The ability of federal and state courts to hear cases is governed by both federal and state statutes, as well as the Constitutions of the United States and each individual state.
The jurisdiction's Rule Against Perpetuities: The rule against perpetuities is a legal rule in Anglo-American common law that prohibits people from using legal instruments (typically a deed or a will) to exert control over the ownership of private property for a period of time that extends far beyond the lives of those living at the time the instrument was written.
The exceptions to the rule against perpetuity are-
The rule does not apply to vested interests since vested interests cannot be detrimental to remoteness. The rule does not apply to land acquired or controlled by Corporation. Philanthropic gifts; the rule does not apply to transfers for the benefit of the public for religious, pious, or charitable causes.To know more about jurisdiction and its types, here
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Which formal method should the project team use to verify compliance of the software product with specified coding requirements?
Specifically, code Inspection is the most formal method of reviewing that carries out static testing for finding bugs and avoiding any defects that would otherwise grow in the later stages.
Inspection of codes is accomplished through an educated peer or mediator and its miles are based totally on a tick list, go-out standards, access, and regulations.
The walkthrough technique is casual in which the individuals of the improvement group evaluate the product and advise options, boost queries, doubts, and concerns, and comment on well-known violations, possible mistakes, or different issues.
People: they're capable of making errors. right here, testers could be human beings and humans fail and are fallible.
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Allison is facing challenges because of changes to the toy product lines and quality goals. Which category of pressure for organization change is she contending with
The category of pressure for organization change is she contending with is: Competition
What is Competition?Competition can be defined as the process of competing with others or the pressures for organization change by competing with competitors, leading to creating products with more characteristics or features .
Hence, based on the scenario the category of pressure for organization change is she contending with is Competition.
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An optimizing consumer will select a consumption bundle in which Group of answer choices income is maximized, and prices are minimized. utility is maximized, and prices are minimized. utility is maximized, subject to budget constraints.
An optimising consumer will select a consumption bundle in which Group of utility is "maximized."
What is an Optimising consumer?When consumers are able to obtain the highest indifference curve for their specific level of income within the budget constraint, optimisation takes place.
The experience of customer optimising depends on-
by respecting consumers' time, being friendly, offering resources that are knowledgeable, andresourcefulThe process for optimising a product is-
Use stunning pictures to promote your products.Include many images.In the page's title tags and product descriptions, use keyword phrases that are pertinent to the item.Share endorsements and client feedback.A good image spacing will prevent an overly busy appearance.To know more about indifference curve, here
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Graciela's used to be the industry leader in restaurant supplies, but over the years competition grew and the company's market share declined. Graciela's has launched several marketing campaigns and introduced new products and services. However not much else in the company has changed, and it still relies on the same team of managers. Graciela's is experiencing ______.
Graciela's in experiencing (D) organizational inertia.
What is organizational inertia?The ability of an organization to make internal adjustments in the face of large external changes is referred to as organizational inertia.What is a competitive advantage?A competitive advantage is an advantageous position that a company wants in order to be more profitable than its competitors.What is a flexible organizational structure?A flexible organization is one that can adapt and respond to changes in its external environment reasonably fast in order to obtain an advantage and maintain its competitive position. An appropriate organizational structure is critical to a company's "flexibility."Reason -In the given situation, Graciela is making changes internally in the company according to the external changes.
Therefore, Graciela's in experiencing (D) organizational inertia.
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Complete question:
Graciela's used to be the industry leader in restaurant supplies, but over the years competition grew and the company's market share declined. Graciela's has launched several marketing campaigns and introduced new products and services. However not much else in the company has changed, and it still relies on the same team of managers. Graciela's is experiencing ______.
Multiple choice question.
(A) competitive advantage
(B) structure following strategy
(C) a flexible organizational structure
(D) organizational inertia
Sanders Inc. claims that it only uses organic cleaning products in its janitorial services. In reality, the company buys whatever is cheapest in bulk. This is an example of
Sanders Inc. claims that it only uses organic cleaning products in its janitorial services. In reality, the company buys whatever is cheapest in bulk. This is an example of greenwashing.
Greenwashing is the system of conveying a false impression or supplying deceptive facts approximately how an agency's products are more environmentally sound. Greenwashing is taken into consideration by an unsubstantiated claim to lie to purchasers into believing that a agency's merchandise is environmentally friendly.
Greenwashing additionally called "green sheen", is a form of advertising and marketing spin wherein green PR and green advertising is deceptively used to influence the general public that an agency's merchandise, ambitions, and rules are environmentally friendly.
A traditional instance of greenwashing is when Volkswagen admitted to dishonest emissions tests by becoming diverse cars with a “defect” tool, with a software program that might discover whilst it changed into undergoing an emissions test and altering the overall performance to reduce the emissions degree.
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What types of securities would a mutual fund called Westgo Fixed Income Fund be likely to hold in its portfolio
The Westgo Fixed Income Fund is a mutual fund that holds an array of bonds and common stocks in its portfolio.
What is a mutual fund?A kind of financial vehicle in which assets from shareholders are pooled to invest in different securities like bonds, stocks, and many more. It is maintained or held by individuals or small investors.
For a smart investment, a fund holder has a manager, who is named as an investment adviser. This adviser works for the mutual fund shareholder. It is the adviser's responsibility to monitor market trends and advise the investor or holder on where and how much to invest.
Therefore, Westgo Fixed Income Fund is a mutual fund that holds an array of bonds and common stocks in its portfolio.
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Fred's Fans purchased two identical fans for resale. Fan 1 was purchased in April for $76 and Fan 2 was purchased in May for $80. One of the fans was sold in June for $100 and Fred reported a gross margin of $24. Fred is using the ______ inventory method.
Answer:
sesemi vivy 67g bb
Explanation:
Consumers determine value of the product on the basis of _______. a. perceived satisfaction b. the opportunity cost to buy the product c. what other people buy d. discounts availed
Consumers determine value of the product on the basis of the opportunity cost to buy the product.
Opportunity cost – in macroeconomic theory, the opportunity cost of one activity is the loss of value or benefit that would be incurred by engaging in that activity, in comparison to engaging in an alternative activity offering better return in value or benefit.
When the consumers calculate the value of product, they look at the benefits and then subtract the cost to see if the benefits exceed the costs.
Therefore the consumers determine value of product on the basis of opportunity cost to buy the product by doing cost benefit analysis.
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How many business days after you submit your application will you receive a loan estimate form?.
Within three business days after you submit your application will you receive a loan estimate form.
A Loan Estimate is a three-page form that you receive after making use of a mortgage. The mortgage Estimate tells you crucial information about the loan you've got requested. The lender ought to offer you a mortgage Estimate within three enterprise days of receiving your utility. The Loan Estimate is a shape that took impact on Oct.
The mortgage estimate let you apprehend any mortgage you follow, whether you're buying a domestic or refinancing one. For the amount, kind, and term of the loan you've implemented, the loan estimate will show your projected final prices, monthly price, interest charge, and annual percentage charge, amongst different info.
The Loan Estimate has to be provided to purchasers no later than three enterprise days when they post a mortgage application. the second shape (final Disclosure) is designed to provide disclosures as a good way to be useful to customers in understanding all the fees of the transaction.
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NEED AN ANSWER ASAP!!
Any answer thats put to just earn pts will be reported and the pts will be removed!
Jasmin purchased a bond priced at 1000.00 issued by Valley’s Trucking whose market value is 600,000. The annual coupon rate is 5%
Given the above information, what is the current yield?
Answer:
3000%
Explanation:
Once a customer account has been opened at a broker-dealer, rules require that updating information on the account record occur no less frequently than once every A) 36 months. B) year. C) other year. D) quarter.
The correct option is A) 36 months.
Once a customer account has been opened at a broker-dealer, rules require that updating information on the account record occur no less frequently than once every 36 months.
Your customers' billing data, including their company and contact details, payment terms, and preferred payment options, may all be managed in one place, called a customer account.
A financial organization known as a broker-dealer engages in the trading of securities on behalf of customers but may also trade on its own behalf. When a broker-dealer performs deals on behalf of its clients, it is functioning as a broker or agent; but, when it trades for its own account, it is acting as a dealer or principal.
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Which of the following schedules is prepared to maintain accuracy in computing product costs? a.Schedule of goods under production b.Schedule of cost of goods manufactured c.Schedule of finished goods d.Schedule of overhead
b) Schedule of cost of goods manufactured.
For the purpose of maintaining accuracy in calculating product costs, a schedule of cost of goods manufacturing is produced.
What is indicated on the schedule of the cost of manufactured goods?The entire manufacturing expenses for the time period that were added to work-in-progress are listed in the cost of goods manufactured schedule. These costs are then adjusted for the change in the work-in-progress inventory account to determine the cost of goods manufactured.
Why is it vital to have a schedule of manufacturing costs?The Cost of Goods Manufactured Schedule is crucial to have since it gives businesses and management a basic notion of whether production expenses are either high or too low in comparison to the sales they are making.
What is included by the cost of manufactured goods?The entire manufacturing expenses for goods that are completed during a specific accounting period are the cost of goods manufactured. These expenses cover the direct materials, direct labor, and manufacturing overhead for the goods that are moved from the production line to the completed goods stock.
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The schedule of the cost of goods manufactured is prepared to maintain accuracy in computing product costs.
What is product cost definition?When a company produces a good or offers a service, it incurs production expenses, which are sometimes referred to as product costs. Numerous charges are included in these fees. For instance, manufacturing expenses for manufacturers include the cost of the labor and raw materials required to make the product.What are all the product costs?Product Costs are the expenses incurred during a product's creation. Materials, labor, production supplies, and factory overhead are all included in these prices. A product cost includes the price of the labor needed to provide a service to a consumer.What is the purpose of product costing?More specifically, product costing aims to precisely calculate the price of a unit of production (or a service provided) by analysis of all resources utilized in its making.Learn more about product cost here:
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Does democracy require equality of income or wealth? discuss why democracy might make a country more or less egalitarian?.
No, democracy DOES NOT require equality of income or wealth.
What is Democracy?This refers to the political system where power belongs to the people and the people elect their leaders.
Hence, we can see that in a country that practices democracy, there is little influence of this political system to make the society more or less egalitarian (equality) and this is because the people have to make their own choice, irrespective of income or wealth.
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Robots
y-axis
.
B
.
A
D
What does Point B identify?
What does Point X identify?
Soap
x-axis
Having trouble reading the graph? This description will help.
Soap is along the x-axis.
Robots are along the y-axis.
• Points B, D, and C are on the curve line.
• Point A is inside the curve line.
• Point X is outside the curve line.
Use the PPC above to answer the following questions.
Based on the PPC given, the points given would represent the following:
Point B = Efficient use of resources. Point X = Impossible use of resources. Point A = Underutilized resources.What do points on the PPC represent/Points on the curve represent the efficient usage of resources because they show that all available resources are being used. Points B, C, and D are therefore all efficient.
Point X is impossible because all points outside of the PPC are not attainable due to a lack of resources. Point A shows that the available resources are not being fully utilized.
Options to describe the points:
Efficient use of resources Under utilized resources Economic growth Trade-off Opportunity costFind out more on the PPC at https://brainly.com/question/2617319.
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