The fee is called prepayment penalty.
A prepayment penalty is a cost charged by some lenders if you pay off all or part of your mortgage early. If there is a prepayment penalty, you would have agreed to it when you closed on your house. Prepayment penalties do not apply to all mortgages.
A prepayment penalty clause specifies that if the borrower significantly decreases or pays off the mortgage, often within the first five years of the loan, a penalty will be imposed.
Prepayment penalties safeguard lenders from the loss of interest income.
Mortgage lenders are obligated to disclose prepayment penalties when a new mortgage is closed.
Therefore, the answer is prepayment penalty.
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A plaintiff brought a products liability action against an out-of-state manufacturer seeking $125,000 in damages due to personal injuries received while using a tool made by the manufacturer. Pursuant to the permissive joinder rule, the plaintiff's spouse joined in the action, which was filed in federal court, seeking damages of $5,000 for loss of consortium. Does the court have subject-matter jurisdiction over the spouse's claim
Yes, the court have subject-matter jurisdiction over the spouse's claim because the spouse's claim forms part of the same case or controversy as the plaintiff's claim.
What is plaintiff's claim?The individual who files a lawsuit in court is known as the plaintiff. The party making a claim against another is known as the claimant in civil law matters and is often referred to as the plaintiff. The defendant or responder is the other party in a civil action (the one who responds to the suit).
For the given case-
The court can exercise supplemental jurisdiction over the spouse's claim, which is a part of the same case or controversy as her husband's claim, even though the court does not have diverse jurisdiction over it since it does not meet the amount-in-controversy criteria. Due to the manufacturer's out-of-state location and the fact that his claim exceeds $75,000, the court also has diverse jurisdiction over the plaintiff's claim; the spouse's involvement in the case does not affect the total diversity of the parties.Despite having joined the case as a party, the spouse's claim against the defendant manufacturer does not come under the categories of claims that are forbidden from being subject to supplemental jurisdiction.Only claims brought by an existing plaintiff against a party added under the permissive joinder rule are subject to the ban on claims related to permissive joinder (Rule 20). This ruling made the spouse a party, not the manufacturer.To know more about the plaintiff, here
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An oil cartel effectively increases the price of oil by 100% causing a shock in oil consuming countries A and B. The FED in country A takes immediate action increasing the money supply, while FED in inflationary country B does not take any action. In the long run you would expect that:
The long-term stable equilibrium is restored in both countries, but country A will continue to have higher prices than country B.
The Organization of the Petroleum Exporting Countries (OPEC) is frequently cited as an example of a cartel in the oil and gas sector. The member nations of OPEC do have market impact, albeit it is debatable whether the economic evidence proves it to be a true cartel.
Who controls the supply of oil?13 of the largest oil-exporting countries in the world make up the cartel known as the Organization of the Petroleum Exporting Countries. In order to control the price on the global market, OPEC seeks to control the oil supply.
Who owns OPEC?In Baghdad, Iraq, five nations—the Islamic Republic of Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela—signed a document in September 1960 that established the Organization of the Petroleum Exporting Countries (OPEC). They were to become the Organization's founding members.
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A price ceiling is the maximum legal price a seller may charge for a product or service where a price at or below the ceiling is ______ and a price above the price ceiling is ______.
A price ceiling is the maximum legal price a seller may charge for a product or service where a price at or below the ceiling is legal and a price above the price ceiling is illegal.
What is price ceiling?Price ceiling is used to determine the lowest or highest price to which a product can be sold in the market.
Hence, a price ceiling is the highest legal price a seller may charge where a price of a product at or below the ceiling is legal and a price of product above the price ceiling is illegal.
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The market value: Multiple Choice of accounts receivable is generally higher than the book value of those receivables. of an asset tends to provide a better guide to the actual worth of that asset than does the book value. of fixed assets will always exceed the book value of those assets. of an asset is reflected in the balance sheet. of an asset is lowered each year by the amount of depreciation expensed for that asset.
A) Of an asset tends to provide a better guide to the actual worth of that asset than does the book value.
How Do Assets Work?A thing that can be traded for money is called an asset. Similar to the funds in your checking account, your car is an asset.
Anything that will bring a business future financial benefits is seen as an asset. In the manufacturing industry, this could refer to machinery or intellectual property like patents.
A liability, or debt you owe, is the reverse of an asset.
What kinds of resources are there?
Clear AssetsIlliquid AssetsActual PropertyIrreducible AssetsAssets both current and long-term.Learn more about market value with the help of the given link:
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When attracting new clients, which of the following is the most effective way for a trainer to find new prospects? Post on social media Hand out flyers at the grocery store Get referrals from clients Hire an advertising firm
Option 4. When attracting new clients the most effective way would be to Get referrals from clients.
How does referrals help to get client?The people that have been able to get an efficient service from you would have to put in word to others.
This would help to convince these people to make use of the service of the trainer.
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What is the primary purpose of ABC's T.R.A.C.E. program?
The primary purpose of ABC's TRACE program is to identify and investigate where persons under 21 years of age obtained alcohol and who was killed or obtained serious injury or accident.
What is the ABC's TRACE program?The program involves a protocol that allows first responders to respond immediately by notifying ABC when an incident involves a person under 21 and an alcoholic beverage that results in great bodily injury or death.
Hence, the primary purpose of ABC's TRACE program is to identify and investigate where persons under 21 years of age obtained alcohol and who was killed or obtained serious injury or accident.
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A law used to finance public services, such as waste treatment plants, parks, and schools, in newly developed areas, can result in extra-high taxes, in addition to the normal property taxes, and MUST be made known to any buyer before a purchase takes place. This law is:
The law is Mello-Roos Community Facilities Act of 1982.
Senator Henry Mello and the Assemblyman Mike Roos worked together in order to enact the "Mello-Roos Community Facilities Act of 1982," which authorized local governments and the developers to form Community Facilities Districts (CFDs) to issue tax-exempt bonds to fund public works.
The Mello-Roos Community Facilities Act of 1982 is a statute that is used to finance public services in newly built regions, such as waste treatment facilities, parks, and schools. This might result in additional taxes on top of the regular property taxes and must be disclosed to any buyer prior to the acquisition.
Therefore, the answer is Mello-Roos Community Facilities Act of 1982.
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Sunland Company uses a perpetual inventory system. Its beginning inventory consists of 83 units that cost $56 each. During June, (1) the company purchased 248 units at $56 each on account, (2) returned 10 units for credit, and (3) sold 206 units at $83 each on account. Journalize the June transactions.
Debit : Merchandise $13,888.
Credit : Accounts Payable $13,888.
Item 2:Debit : Merchandise $560.
Credit : Accounts Payable $560.
Item 3:Debit : Accounts Receivable $17,098.
Debit : Cost of Sales $11,536.
Credit : Sales Revenue $17,098.
Credit : Merchandise $11,536.
What is meant by inventory system?A supply chain's full stock, supplies, and sales are tracked using an inventory system. Businesses use inventory systems to make sure they are fully aware of the goods they have on hand and where they are.What is inventory system with example?All the goods, merchandise, and supplies that a company keeps on hand in anticipation of selling them for a profit are referred to as inventory. Example: Only the newspaper will be regarded as inventory if a newspaper vendor utilizes a vehicle to distribute newspapers to clients. The car will be considered an asset.What is inventory system and methods?The procedures and software you employ to plan, order, store, and manage your inventory are known as inventory control methods.There are generally two types of inventory control manual and perpetual. You must routinely perform physical counts of inventory when using manual inventory control.What is the purpose of inventory?Keeping a steady supply of goods on hand for activities is inventory's primary purpose. Your company should look for the sweet spot between too much and too little stock, without ever running out, in order to carry out this duty efficiently.Learn more about inventory system here:
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Laws that built economic trust and stability Group of answer choices limit inflation. increase economic growth. guarantee businesses profit.
When laws that build economic trust and stability are enacted, they increase economic growth.
Why should laws be about economic stability?When laws are garnered toward economic stability, this gives the economy a better chance of being stable in production and other aspects.
As a result, there is a better chance of economic growth because the economy grows faster when it is stable.
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Because accepted practice for establishing rapport, greetings, and even the exchange of business cards can vary widely around the world, the Blank______ stage of the personal selling process requires special attention in international sales.
Because accepted practices for establishing rapport, greetings, and even the exchange of business cards can vary widely around the world, the approach stage of the personal selling process requires special attention in international sales.
Stages in International SalesBefore facing the challenges of international sales, the home market is frequently an excellent setting for testing products and optimizing performance. It can also serve as a reliable performance indicator. But occasionally, this step in the export procedure serves absolutely no use.When businesses start doing business abroad, they frequently choose a nation that resembles their own in terms of language, financial structures, legal and economic systems, or culture.It is recommended to start off cautiously by market-testing before establishing an export strategy. With the help of a graded plan, a new exporter can gain first-hand experience in a market without taking unneeded or excessive risks.The business may decide to increase its presence in the target market if sales are strong, earnings are encouraging, and opportunities are good.
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Typical line positions are found in _____ departments. Group of answer choices production and marketing human resources and legal human resources and public relations public relations and marketing legal and marketing
Typical line positions are found in human resources and legal human departments.
A component of the legal system that focuses on regulations impacting the workplace and employees is human resource law. You may learn more about human resource law, the universities that provide it, and the employment prospects for human resource managers by visiting this page.
Federal employment rules and regulations, employment discrimination, and workplace privacy issues are all covered by human resource law. A component of the legal system that governs hiring, evaluating, promoting, and terminating employees is human resource law. In order to prevent lawsuits, the business and employer are now able to treat all of their employees fairly and equally. Laws that apply to non-unionized workplaces also fall under the category of human resource law.
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Suppose you have a dinner gift certificate for $20. You can use it to order meatloaf or pot roast. Meatloaf costs $12, and pot roast costs $14. Meatloaf and pot roast are both worth $15 to you. The dollar value of the opportunity cost of choosing meatloaf instead of pot roast is
Suppose you have a dinner gift certificate for $20. You can use it to order meatloaf or pot roast. Meatloaf costs $12 and pot roast costs $14. Meatloaf and pot roast are both worth $15 to you. The dollar value of the opportunity cost of choosing meatloaf instead of pot roast is $15 EX.
What Is Opportunity Cost?Opportunity costs represent the potential benefits that an individual, investor, or business misses out on when choosing one alternative over another. Because opportunity costs are unseen by definition, they can be easily overlooked. Understanding the potential missed opportunities when a business or individual chooses one investment over another allows for better decision making.
Opportunity cost is often overlooked by investors. In essence, it refers to the hidden cost associated with not taking an alternative course of action. If, for example, a company pursues a particular business strategy without first considering the merits of alternative strategies available to them, they might fail to appreciate their opportunity costs and the possibility that they could have done even better had they chosen another path.
Formula Of Opportunity Cost
Opportunity Cost=FO−CO
where:
FO=Return on best forgone option.
CO=Return on chosen option.
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If a U.S.-based automobile parts supplier were to apply a global mind-set to its internal analysis, it would: a. review sales data of its North American dealerships to determine its most popular vehicles. b. research the history of the invention of the car and the evolution of the automobile industry. c. find information about the transportation infrastructure in emerging automobile markets around the world, including Asia and Africa. d. study all of its internal resources with an understanding of which capabilities offer value to meet the needs of U.S., Japanese, European, and Korean automakers.
The correct option is, (d) study all of its internal resources with an understanding of which capabilities offer value to meet the needs of U.S., Japanese, European, and Korean automakers.
What will happen in theory if a company is able to align its strategy and structure?A business is debating altering its organizational structure in order to capitalize on a consumer trend. The business recognizes the potential revenue that could result from this new consumer behavior, which is very profitable.Which of the following is an example of an intangible company resource?Trademarks, goodwill, and patents are a few examples of intangible assets.Why is IT important for a company to align its IT strategy to business strategy?IT strategy and business goals should be coordinated to ensure that everyone is on the same page and working toward the same objectives.This helps to guide and inform decision-making. IT systems are more likely to be useful, well-used tools when they are chosen and implemented in accordance with an organization's strategic goal.
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The term ___________________ describes the proportion of deposits that the bank must hold in the form of reserves that are not loaned out or invested in bonds. reserve ratio reserve funds term deposits bond reserves'
The answer is reserve ratio.
The Federal Reserve in the United States sets the minimum amount of cash that each bank must hold, known as the reserve ratio.
In the past, the reserve rate of bank deposits has varied between 0% and 10%.
The minimal amount of cash that financial institutions must keep on hand in order to comply with central bank standards is known as bank reserves.
The bank must store this actual paper money in a vault on the property or in an account with the national bank.
The purpose of the cash reserve regulations is to make sure that every bank has enough cash on hand to handle any significant and unforeseen demand for withdrawals.
Hence, The term reserve ratio describes the proportion of deposits that the bank must hold in the form of reserves that are not loaned out or invested in bonds.
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An individual with $32.000 in taxable income pays $970 for the 10% tax bracket, and $2,676 for the 12% bracket. What is the overall federal income tax payment for this individual?
The overall federal income tax payment of this individual is $970+$2676= $3646.
What is federal Income tax?The federal government and the majority of states in the US impose income taxes. Applying a tax rate to taxable income, which is the entire income less permissible deductions, yields the income taxes, which may arise as income rises.
So the taxable income of the individual will be $3646.
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What type of plan should be in place in the event an employee or leader needs to be replaced?.
An emergency succession plan should be in place in the event an employee or leader needs to be replaced.
What is an emergency succession plan?This is the type of plan that helps to appoint a successor to a role in the work environment.
This is the type of plan that helps to designate roles and also appoint other persons to fulfill them.
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All of the following statements related to bonds are correct regarding bonds except: bonds typically have a $1,000 face value. bonds represent a promise to pay a sum of money plus periodic interest. bonds arise from a contract known as a bond indenture. bonds usually pay interest annually.
All of the following statements related to bonds are correct regarding bonds except usually pay interest annually.
What does market price mean?The price at which a good or service can currently be bought or sold is known as the market price. The forces of supply and demand determine the market price of a good or service; the price at which the quantity supplied and demanded are equal is the market price.How do you find the market price?Find the point where supply and demand are equal to calculate the market price. Find the market price by investigating factors such as market trends, the quantity of suppliers, and the number of current customers.What is current price and market price?Market value is another name for the current price. It is the last traded price for a share of stock or any other security.
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Except for the fact that bonds typically pay interest annually, all of the following assertions about bonds are true.
What are bonds?Governments or businesses may issue bonds, which typically have a set interest rate. A bond's market value changes over time as it gains or loses appeal to potential buyers. Higher-quality bonds, which are more likely to be repaid on schedule, typically have lower interest rates.
When does interest generally get paid on bonds?A bond is a type of debt obligation in which the lender, or owner, is compensated with interest payments. The coupons for this interest are normally paid every six months.
Are interest payments on most bonds yearly?The majority of bonds pay interest semi-annually, which results in two payments each year for bondholders. Therefore, if you had a $1,000 face value bond with a 10% semi-annual yield, you would earn $50 (5% x $1,000) twice a year for the following ten years.
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The term ____________________ describes the proportion of deposits that the bank must hold in the form of reserves that are not loaned out or invested in bonds.
The term reserve ratio describes the proportion of deposits that the bank must hold in the form of reserves that are not loaned out or invested in bonds.
Also referred to as the Cash Reserve Ratio, it's miles the proportion of deposits that commercial banks are required to keep as coins in step with the guidelines of the significant financial institution.
A reserve requirement is an imperative bank law that units the minimal amount that a commercial financial institution should keep in liquid assets.
The requirement for the reserve ratio is determined through the central financial institution of the USA, inclusive of the Federal Reserve inside the case of the US. The calculation for a bank may be derived by means of dividing the cash reserve maintained with the valuable financial institution through the financial institution deposits, and it's far expressed in percent.
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A buyer has a 30-year, $400,000 loan with a 7% interest rate. How much of the first month's mortgage payment is interest
The portion of the first month's mortgage payment meant for interest is $2,333.33
What is a mortgage?
Mortgage is a loan taken to acquire property which requires periodic interest payment such as monthly , semiannually or even annually.
First month interest=loan amount*annual interest rate/12
First month interest=$400,000*7%/12
First month interest=$2,333.33
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The interest in the first month's mortgage payment is $2,333.33.
How is monthly mortgage interest determined?The monthly mortgage interest can be determined using an online finance calculator that computes the monthly payment.
The payment schedule produced from the calculation shows the monthly payments classified according to interest and principal.
Data and Calculations:N (# of periods) = 360 (30 x 12)
I/Y (Interest per year) = 7%
PV (Present Value) = $400,000
FV (Future Value) = $0
Results:
PMT = $2,661.21
Sum of all periodic payments $958,035.59
Total Interest $558,035.59
SchedulePeriod PV PMT Interest FV
1 $400,000.00 $-2,661.21 $2,333.33 $-399,672.12
2 $399,672.12 $-2,661.21 $2,331.42 $-399,342.33
3 $399,342.33 $-2,661.21 $2,329.50 $-399,010.62
Thus, the interest in the first month's mortgage payment is $2,333.33.
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Which extended ERP component collects information used throughout an organization, organizes it, and applies analytical tools to assist managers with decisions
The extended ERP component that collects information throughout an organization and evaluates it is called Business intelligence.
What is business intelligence?This is the component of Enterprise Resource Planning (ERP) that deals with collecting information from the entire organization.
This information would then be organized and prosessed after which it will then be used to guide the decisions of management.
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Why should business leaders become actively involved in community and professional organizations after they have landed a great career
Business leaders become actively involved in community and professional organizations after they have landed a great career to keep up with current information and techniques locally, regionally, and internationally.
Why do Business leaders become actively involved in the community?One of the characteristics that distinguish a profession from a regular job is membership in the appropriate professional organization. It is an essential characteristic of a professional. All professionals are expected to be members of their professional organizations. It's critical to promote the development of one's profession, and joining a professional group is a step in that direction.Developing relationships with people who share similar interests helps one remember why they picked this profession. It makes it possible for young people to network with seasoned professionals and learn from them. It's essential to join a professional association if you want to stay up to date on local, regional, and international information and practices.To learn more about Business leaders refer to:
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Current information for the Healey Company follows: Beginning raw materials inventory $ 15,200 Raw material purchases 60,000 Ending raw materials inventory 16,600 Beginning work in process inventory 22,400 Ending work in process inventory 28,000 Direct labor 42,800 Total factory overhead 30,000 All raw materials used were direct materials. Healey Company's total manufacturing costs for the year are:
Calculation for Healey Company's total manufacturing costs for the year:-
We are given,
Beginning raw materials inventory $ 15,200Raw material purchases $ 60,000Ending raw materials inventory $ 16,600 Beginning work in process inventory $ 22,400 Ending work in process inventory $ 28,000Direct labor $ 42,800Total factory overhead $ 30,000As We Know,
Total Manufacturing Costs = Raw Materials Used + Direct Labor + Factory Overhead
Raw materials used = Beginning Raw Materials Inventory + Raw Materials Purchases - Ending Raw Materials Inventory
⇒ 15,200 + 60,000 - 16,600 = 58,600
Raw materials used = 58,600
58,600 + 42,800 + 30,000 = 131,400
Cost of goods manufactured = Beginning Work in Process + Total Manufacturing Costs - Ending Work in Process
⇒ 22,400 + 131,400 - 28,000 = $125,800
Therefore, Healey Company's total manufacturing costs for the year is $125,800
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During fiscal 2016, Shoe Productions recorded inventory purchases on credit of $337.8 million. The financial statement effect of these purchase transactions would be to: Select one: a. Increase expenses (Cost of goods sold) by $337.8 million b. Increase liabilities (Accounts payable) by $337.8 million and decrease noncash assets (Inventory) by $337.8 million c. Increase liabilities (Accounts payable) by $337.8 million d. Decrease cash by $337.8 million e. Decrease noncash assets (Inventory) by $337.8 million
(C) Increase liabilities (Accounts payable) by $337.8 million.
What is inventory?Inventory, often known as stock, refers to the items and supplies that a company keeps for the purpose of resale, manufacturing, or use. Inventory management is largely concerned with establishing the shape and positioning of stocked products.What is purchasing on credit?A credit buys, sometimes known as purchasing anything "on credit," is a purchase made today that will be paid for later. When you use a credit card, for example, your financial institution pays for the products or services upfront and then collects the payments from you later.Purchase on credit refers to an increase in liabilities.Therefore, the correct option is (C) Increase liabilities (Accounts payable) by $337.8 million.
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Does the manager of a licensed establishment need to obtain an rbs certification?.
Answer:
Yes
Explanation:
Every establishment planning to serve alcohol should have a rbs certification.
The team continued to provide high-quality CPR until the rapid response team arrived and relieved them. In which situations would the team stop performing CPR
The team will stop performing CPR when they are tired and exhausted this is to avoid them becoming casualty as well.
What is CPR?Cardiopulmonary resuscitation involves the given of air to an unconscious individual.
This can be done to make the individual gain consciousness especially in case of accident before the arrival of medical personnel.
Therefore, the team will stop performing CPR when they are tired and exhausted this is to avoid them becoming casualty as well.
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Ed has an almost-new economy car, but he wants a Ford Mustang because he thinks it would be exciting to own one. If he decides to purchase a sports car such as the Mustang, he will be primarily fulfilling a ________ need.
The answer is psychological.
In the given scenario, Ed has an almost-new economy car, but he wants a Ford Mustang because he thinks it would be exciting to own one.
Since Ed already has a car that works, he does not have a functional need for a car.
Therefore, a choice to purchase a sports car would represent a psychological need.
This shows perhaps the car makes him feel cool or adventurous.
So, this demonstrates that he will be fulfilling his mind. Consequently, fulfilling his psychological need.
Hence, If he decides to purchase a sports car such as the Mustang, he will be primarily fulfilling a psychological need.
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Debt financing: (select all that apply)
is a loan
must be repaid
gives an investor equity in your company
has no risk to the borrower
Except for the C option, all pertain to the context of debt financing. Lenders who provide debt financing are only eligible for capital plus interest payback.
Which is most preferably between Debt Financing and Debt Equity by Companies?
The main reason businesses choose debt financing over equity financing is that debt financing preserves company ownership, whereas equity financing, such as selling shares and common stocks, gives investors a continuing equity stake in the company in exchange for shareholder voting rights and dilutes the ownership of the company's owners.
Debt financing is the process by which a business raises funds by offering investors debt instruments. Equity finance, which involves issuing stock to raise money, is the reverse of debt financing. When a company sells fixed income securities like bonds, bills, or notes, debt financing takes place.
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Successful firms realize that each target group requires: Group of answer choices a separate promotion mix. online computer advertising. infomercial testimonials. customized legislation and training.
Successful firms realize that each target group requires a separate promotion mix.
What is a firm?A firm is a for-profit enterprise that typically takes the form of a partnership and offers professional services like accounting or legal counsel. According to the philosophy of the firm, businesses exist to maximize profits.
The purpose of a promotional mix should be to convey to your target market the advantages, qualities, and values of the goods and services you provide. By doing this, you can stand out from the competition and increase sales.
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The idea that only the most efficient workers will depart in response to a wage cut is called ________.
The idea that only the most efficient workers will depart in response to a wage cut is called adverse selection of wage cut.
What is the adverse selection of wage cut?The adverse selection of wage cuts argument points out that if an employer reduces the wages for all workers in poor business conditions, then the employment alternatives at other firms, are the most likely to leave.
The least attractive workers with very few employment alternatives, are more likely to stay in this condition.
Companies which are experiencing difficult times can pursue workers to take a pay cut for the short term, and still have most of the firm’s workers.
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An industrially developing country called Moonopia has recently begun trading at an international level. How would the United Nations classify Moonopia's stage of economic development?
An industrially developing country called Moonopia has recently begun trading at an international level. Moonopia's stage of economic development will be a less-developed country. This is further explained below.
What is economic development?Generally, Economic growth is the process through which a society improves via the accumulation of wealth. This initiative goes well beyond the typical job-creation scheme,
In conclusion, Moonopia, an industrial powerhouse in the making, has just started trading on the global stage. If you compare Moonopia to other countries, you'll see that it's economically less advanced.
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