The correct answer is A) Declaration. When it comes to both new and resale residential condominium units, the disclosure that must be given to the buyer is the Declaration.
The Declaration is a legal document that outlines the rules, regulations, and restrictions that govern the condominium association and the unit owners. It includes important information such as the bylaws, covenants, conditions, and restrictions (CC&R), as well as details about the rights and responsibilities of the unit owners. The Declaration provides potential buyers with essential information about the condominium's governance, maintenance obligations, use restrictions, and other important factors that may impact their decision to purchase a unit. It is typically provided to buyers as part of the due diligence process and is an important document that helps buyers understand the terms and conditions associated with living in the condominium community.
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Prior period adjustments to financial statements can result from: Multiple Choice Changes in estimates of salvage value. Material math errors. Discontinued operations. Changes in tax law. Changes in estimates of useful life.
The answer is material math error.
An adjusting entry is essentially a bookkeeping modification that improves the accuracy of the financial statements by reflecting the revenue and spending on an accrual basis, which is typically but not always the case. At the conclusion of the accounting period, adjustments are made. This might happen towards the end of the month or at the end of the year.
Prior period adjustments are errors or mistakes committed in the prior reporting period. These mistakes must be remedied or eliminated by taking suitable corrective action. Prior period items include factual errors, arithmetic errors, and errors in applying accounting rules.
Therefore, material math error is the correct option.
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Mark, a real estate broker representing a seller, insists that his client use his real estate attorney, otherwise, he won't sell the house. what has mark introduced...?
Mark, a real estate broker representing a seller, insists that his client use his real estate attorney, otherwise, he won't sell the house. what has mark introduced? Tie-in Arrangement.
What is the Tie-in Arrangement?This can be defined to be the type of arrangement that has the the condition of the sale of only one product by the person that is selling.
This type of arrangement is made up of the agreement that involves purchasing a different product from the person that is selling. The product here is what is referred to as the tie product.
A very good example of this type of arrangement is one where a patented drug is tied to a dispenser that is patented. This would therefore extend the monopolistic rights to its sale.
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The __________ made unfair or deceptive acts or practices in commerce illegal under Section 5 of the Federal Trade Commission Act. Multiple Choice Noerr-Pennington amendment Robinson-Patman amendment Celler-Kefauver amendment Herfindahl-Hirschman amendment Wheeler-Lea amendment
The Wheeler-Lea amendment made unfair or deceptive acts or practices in commerce illegal under Section 5 of the Federal Trade Commission Act.
What was Federal Trade Commission Act?The Federal Trade Commission was founded by the Federal Trade Commission Act of 1914, federal legislation of the United States. The Act, which was passed by US President Woodrow Wilson in 1914, forbids unfair business practices and unfair techniques of competition.
Unfair or misleading acts or practices in or affecting commerce are prohibited by Section 5 of the Federal Trade Commission Act (FTC Act) (15 USC 45). All individuals engaged in business, including banks, are subject to the restriction.
The Federal Trade Commission Act's Section 5 was modified by the Wheeler-Lea Act of 1938, which made "unfair or misleading acts or practices" and "unfair methods of competition" illegal. Civil penalties were offered for breaking Section 5 orders.
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What are the key challenges facing total with respect to financial communication?
The key challenges facing total with respect to financial communication are
Cultural differences.Attitude.Lack of motivation.Listening skills.Written communication quality.Appropriate communication tools.Communication is "an apparent answer to the painful divisions between self and other, private and public, and inner thought and outer world." As this definition indicates, communication is difficult to define in a consistent manner, because in common use it refers to a very wide range of different behaviors involved in the propagation of information. John Peters argues the difficulty of defining communication emerges from the fact that communication is both a universal phenomenon and a specific discipline of institutional academic study.
One definitional strategy involves limiting what can be included in the category of communication By this logic, one possible definition of communication is the act of developing meaning among entities or groups through the use of sufficiently mutually understood signs, symbols, and semiotic conventions.
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A major goal of Zappos is to treat its ________ with integrity, honesty, and commitment. Group of answer choices employees employees, customers, and community customers employees and customers
A major goal of Zappos is to treat its (A) employees with integrity, honesty, and commitment.
What is Zappos?Zappos.com is an American online shoe and clothes shop headquartered in Las Vegas, Nevada. Nick Swinmurn started the company in 1999 and launched it under the domain name Shoesite.com. Amazon purchased Zappos in July 2009 in an all-stock transaction valued at roughly $1.2 billion at the time. Amazon paid Zappos for all outstanding shares and warrants in exchange for 10 million shares of Amazon common stock and $40 million in cash and restricted stock. Zappos prioritizes treating its employees with integrity, honesty, and devotion.Zappos prioritizes treating its employees with integrity, honesty, and devotion.
Therefore, a major goal of Zappos is to treat its (A) employees with integrity, honesty, and commitment.
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Complete question:
A major goal of Zappos is to treat its ________ with integrity, honesty, and commitment. Group of answer choices employees
(A) employees
(B) customers
(C) community customers employees and customers
In many organizations carrying weapons or fighting are infractions calling for immediate termination. Why do believe this is so and do you agree or disagree with the practice?
This is so because carrying weapons or fighting are a threat to life and also can land the employer in trouble according to OSHA guidelines. Yes, I agree with the practice that such infractions need severe considerations and punishments, especially since we need to consider the principles of ethics, workplace safety as well as social conduct.
Even though it's one of a manager's most disagreeable tasks to fire an employee, there are times when it's the only wise move to do so. Any actions that endanger other employees and workplace safety will result in their immediate firing. This covers acts of aggression, vandalism, and purposefully putting the safety of other workers at risk by bringing hazardous materials like weapons to work. It is also not acceptable to use drugs or alcohol while at work or to arrive at your employment while under the influence of either. In other fields, like manufacturing, it is also grounds for immediate dismissal to violate safety regulations and endanger the health and safety of other workers.
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Which performance appraisal error reflects the tendency to rate every employee at the low end of the rating scale, regardless of actual performance?
"Errors of strictness" reflects the tendency to rate every employee at the low end of the rating scale, regardless of actual performance.
What are the mot common types of performance appraisal error?below mentioned are some of the common types of performance appraisal error.
PartialityPartiality is "the fact that information is incorrect as a result of the method employed to gather or convey it," according to the dictionary. This can also occur during performance reviews when, consciously or unconsciously, the appraiser takes a stand for or against the subject of the evaluation.
StereotypingStereotyping is a concept, idea, or model that is applied to individuals or groups over time. These clichés are typically used to categorize someone, and we instinctively presume that they have the same features as the other members of this group.
StrictnessOne of the most frequent mistakes in a performance review is the strictness. This occurs when an appraiser extrapolates one of the employee's attributes to encompass all the other factors that are being looked at.
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A broker dealer underwrites an offering in which the registration statement contained material errors and omissions. To sustain a burden of proof that it is not liable, the firm must have had reasonable grounds to believe the registration was true and complete, based on a prudent man standard, as of what point in time
If the firm must have had reasonable grounds to believe the registration was true and complete, based on a prudent man standard, the point in time is the effective date.
Who is a broker dealer?Broker dealer can be defined as someone who deals in trading business by selling and buying of Stocks, bonds etc.
The effective date is the date the firm can tend to believe the registration was true and complete, based on a prudent man standard based on the fact that effective date is the date in which the event take effect.
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Before the meeting ended, Sofia shared her new product idea; consequently, her ideas were included in the meeting minutes.
Before the meeting ended, Sofia shared her new product idea; consequently, her ideas were included in the meeting minutes. The notes that are taken during a meeting are called meeting minutes.
Which of the following is a compound sentence?Before the meeting ended, Sofia shared her new product idea; consequently, her ideas were included in the meeting minutes.
They highlight the important topics being addressed, the motions being made or voted on, and the upcoming tasks. A selected group member typically records the minutes of each meeting. It is their responsibility to present an accurate account of the meeting's events. Taking minutes will be much easier if a meeting is well-planned in advance. Nevertheless, the agenda for the meeting should be decided in advance by the chairperson and the secretary or minutes-taker. For instance, the person taking minutes could collaborate with the meeting's chair to establish an agenda and guide the meeting's structure. As a result, the person needs to approach the committee chair and inquire about their participation in the meeting. For instance, if motions are going to be proposed during the meeting, the designated member should find out if he needs to give the names of the motion proposers and seconders.
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Complete question:
Which of the following is a compound sentence?
a. Raymond applied for the position, and he was called for an interview two days later.
b. It's highly likely that your request for leave will be approved.
c. If you have any questions, please e-mail me.
d. Before the meeting ended, Sofia shared her new product idea; consequently, her ideas were included in the meeting minutes.
True or False: Neoclassical economists believe that over long time horizons as firms exploit an increase in their productive capacity, they will see an increase in demand for their products.
Neoclassical economists believe that over long time horizons as firms exploit an increase in their productive capacity, they will see an increase in demand for their products: TRUE
What are neoclassical economists?Neoclassical economics is a school of thought in which the supply and demand model governs the production, consumption, and valuation (price) of commodities and services. This school of thinking holds that the value of a thing or service is defined by a hypothetical maximization of utility by income-constrained individuals and profits by enterprises facing production costs and employing accessible information and inputs of production. This method has frequently been justified by citing rational choice theory, a theory that has come under fire in recent years. Neoclassical economists think that over extended time horizons, as firms grow their productive capacity, demand for their products will rise.As the definition itself says, neoclassical economists, think that over extended time horizons, as firms grow their productive capacity, demand for their products will rise.
Therefore, the statement "neoclassical economists believe that over long time horizons as firms exploit an increase in their productive capacity, they will see an increase in demand for their products" is TRUE.
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A growing trend is for lead firms to work collaboratively with their suppliers to build capabilities and create shared value.
a. true
b. false
It is true that a growing trend is for lead firms to work collaboratively with their suppliers to build capabilities and create shared value.
What is a growth trend?Growth trend is a pattern or activities done to keep an organization in place. The trend shows how well a business is doing and how bad it is doing in terms of placement in market and ability to compete.
Companies need to work with actors in the value chain to attain success, Supplier are important actors that manufacturers have to work with to create value.
Therefore,
It is true that a growing trend is for lead firms to work collaboratively with their suppliers to build capabilities and create shared value.
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Is/are also called factors of production since they are transformed into output during the production process?
Land, labor, entrepreneurship and capital are called factors of production since they are transformed into output during the production process.
Factors of production are needed for the production of goods or a service.
Land as a factor of production include the every type of land and the various goods received from it such as oil, gold etc. It can be agricultural land to any real estate commercial land.
While defining labor as factor of production we use their potential to work.
Capital includes money used for performing various functions of production. It is the primary driver of the production.
Entrepreneurship is that element which combines all other factors of production to form a single product or service.
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Item7 Time Remaining 15 minutes 14 seconds00:15:14 Item 7 Time Remaining 15 minutes 14 seconds00:15:14 If __________ is the constraint, we should __________ the staffing level to raise capacity.
If capacity is the constraint, we should raise the staffing level to raise capacity.
What is the relation between capacity and level of staff?Capacity planning can be difficult for businesses of any size. It necessitates a careful balancing act between real-time staff availability, budgetary resources, and job demands from clients, partners, or other stakeholders.
When demand outpaces supply and the flow rate is equal to the processing capacity, capacity is limited. A factor that hinders a corporation from producing more is capacity limitation.
If capacity is limited, we should increase staffing to free up more space.
I understand the question you are looking for is this:
If __________ is the constraint, we should __________ the staffing level to raise capacity.
a. demand, lower
b. demand, raise
c. capacity, raise
d. capacity, lower
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A severe drought has damaged this year's lettuce crop. The initial effect on the lettuce market is a
The initial effect on the lettuce market is (C) a decrease in the supply of lettuce.
What is the lettuce market?Lettuce is divided into two types: head (iceberg) and leaf (romaine, butterhead, and leaf). Since colonial times, lettuce has been farmed in the United States. The ice shipping industry emerged in the western states in the early 1900s, boosting the range and appeal of lettuce. Only potatoes outnumber lettuce salads in terms of annual consumption per capita. In 2015, the annual consumption of all varieties of lettuce was 25.8 pounds per person, with head lettuce accounting for 51% (13.3 pounds per person). Consumption of lettuce was about the same as in the preceding three years, but down approximately 20% from ten years before.As a severe drought has damaged this year's lettuce crop.
Therefore, the straightforward initial effect on the lettuce market is (C) a decrease in the supply of lettuce.
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Complete question:
A severe drought has damaged this year's lettuce crop. The initial effect on the lettuce market is a _____
A. decrease in the demand for lettuce.
B. rightward movement along the demand curve for lettuce.
C. a decrease in the supply of lettuce.
D. a decrease in both the demand and supply of lettuce
If people have a high degree of _______ one is more likely to want to stay with their current company.
If people have a high degree of organizational commitment one is more likely to want to stay with their current company.
Organizational commitment means the connection or the bond that the employees have with their organization or the employer. It all depends upon their psychology that more attachment they have with their employer or the organization more will they want to stay in it.
It defines different variables such as the job performance of the employees, turnover of the company or the employee employer relationship.
A model of commitment was given by Meyer and Allen in which they defined three types of commitment:
Affective commitment
Continuance commitment
Normative commitment.
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What types of performance measures you will use to measure the performance of your informatics solution project
Workload or output measures, Efficiency measures, Effectiveness or outcome measures and Productivity measures will use to measure the performance of our informatics.
The study of the composition, dynamics, and interactions of biological and artificial computer systems is known as informatics. The representation, processing, and exchange of information in unnatural and artificial systems are the subjects of informatics.
The study of computing systems, particularly those used for data storage and retrieval, is known as informatics. According to ACM Europe and Informatics Europe, the terms "informatics" and "computer science," both of which center on the transformation of information, are interchangeable.
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A manager asks a chef to continue cooking chicken breasts after seeing them cooked to an incorrect temperature. This is an example of which step in active managerial control?
The action where the manager asks the chef to cook the chicken breasts again is what is called corrective action.
What is corrective action?This is an action that has to be carried out as a way of taking care of something that has not being done in the way that it should have been done. It is the way of getting people to take care of their mistakes.
The manager wants the chef to take care of her mistakes this was the reason why he has asked her to re cook the because the temperature was not right.
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Which two actions can be taken immediately during the management review and problem-solving meeting?
The action which can be taken during the management review and problem solving meeting is that, "combining teams in order to increase the velocity."
During the management review and problem-solving meeting combining teams to increase velocity provides the team direction and ensure the path is as obstacle free as possible. Also, to negotiate scope changes and resolve other problems by agreeing to various planning adjustments.
The key objective for problem solving meetings is to find the most optimal solution which can resolve an issue facing the group or organization. Management review is a systematic assessment to 'measure the effectiveness of the organizations' management system.
Hence, the action which can be taken during the management review and problem solving meeting is to combine teams in order to increase the velocity.
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If the nominal wage is $40 and the price level (as measured by a price index) is 2.5, it follows that the real wage is:_____.
a. $100.00.b. $16.00.c. $2.50.d. $10.00.e. none of the above.
The real wage is $16.
Given nominal wage of $40 and price level of 2.5.
Real wage is to be computed.
The real wage, also known as the adjusted wages, is the amount of income that a person may anticipate to get after adjusting for the current inflation rate. For instance, if the person's nominal income is $14.00, then their real wage may be higher or lower based on the current rate of the inflation.
Real wages are established by the inflation rate and take into account the buying power of the compensation amount. Nominal salaries are not adjusted for inflation and are purely determined by existing government rules.
The formula to compute the real wage is :
Real wage= (Nominal wage/ Price level)
=($40/2.5)
=$16
Therefore, the real wage rate is b. $16.
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Oberholser, Inc., has an issue of preferred stock outstanding that pays a dividend of $3.15 every year in perpetuity. If this issue currently sells for $92 per share, what is the required return
The required rate of return is $3.42%
What is Perpetuity?A constant cash flow with indefinite period of time is called perpetuity. In this question a perpetual payment of dividend is being made. so the price of the share is calculated by the formula of perpetuity.
Given:
Present value of perpetuity = $92 per share
Cash flows = $3.15 every year
Find:
Rate of return can be calculated from the perpetuity formula
Present value of perpetuity = Cash flows / Required rate of return
Present value of perpetuity = Cash flows / Required rate of return
$92 = $3.15 / Required rate of return
Required rate of return = $3.15 / $92
= 0.0342
= $ 3.42%
Therefore the Required return for Oberholser, Inc will be 3.42%.
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Suppose that, if their income rises by $100, all households in Normalia raise their spending by $90. Instructions: Round your answers to one decimal place. The MPC in Normalia is:
The MPC in Normalia is 0.1 after rounding the answers to one decimal place.
What Is Marginal Propensity to Consume (MPC)?The percentage of an overall salary increase that a customer spends on purchasing goods and services rather than saving is known as the marginal propensity to consume (MPC) in economics.
Key Features of MPC:The percentage of additional income that is spent on consumption is known as the marginal propensity to consume.Depending on income, MPC fluctuates. MPC tends to be lower at higher income levels.The Keynesian multiplier, which describes the impact of additional investment or government spending as an economic stimulus, is mostly determined by MPC.Marginal Propensity to Consume (MPC) = (Change in spending)/(Change in income)
= $90/$100 = 0.9
Marginal Propensity to Save
= 1 − MPC
= 1 − 0.9 = 0.1
Hence, the MPC in Normalia is 0.1.
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Work performance information and cost forecasts are main outputs of which process
Work performance information and cost forecasts are the main outputs of cost control.
What is cost control?It is the set of practices that assist in the control and organization of financial resources, in order to establish a budget that is a useful tool for greater understanding of income and expenses and greater coordination of the correct allocation of finances to fulfill your needs and for the achievement of objectives and goals.
In a company, cost control will help in effective positioning in the short and long term, helping to correctly understand the company's financial situation in a period, in addition to helping in the forecast of costs, expectations and planning as a whole.
Therefore, cost control is a set of tools that assists in the budget control of a company or an individual, being positive for the best organization of finances.
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6. Corinne has just gotten her first job and wants to apply for her first credit card. Based on what you have learned in this unit, what advice can you give Corinne? Your response should include the following information:
-What Corinne should do before applying for the credit card
-Which elements of the credit card agreement Corinne should focus on once her application is accepted
-What Corinne should do in order to best manage her credit
-The potential downsides of having a credit card
The things that Corinne should do before applying for the credit card include:
See what the fee includes.Make sure the rewards align with your spending habits. Time the sign-up bonus appropriately.What are credit cards?Credit cards gives one a line of credit that can be used to make purchases, balance transfers and cash advances and requiring that you pay back the loan amount in the future.
The things that she should focus on include:
Practice responsible spending.
Choose a credit card payment plan.
There should be an emergency fund.
The thing that Corinne should do in order to best manage her credit include building a budget and paying the credit card bills at the appropriate time.
The potential downsides of having a credit card are:
Paying high rates of interest.
Credit damage.
Credit card fraud.
Cash advance fees and rates.
Annual fees.
Credit card surcharges.
Other fees can quickly add up.
Overspending.
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A decrease in private sector borrowing and spending caused by increased government borrowing is:.
A decrease in private sector borrowing and spending caused by increased government borrowing is crowding out.
What is crowding out?Crowding out is a phenomenon in economics that occurs when increased government participation in a sector of the market economy has a significant impact on the rest of the market, either on the supply or demand side of the market.One type that is commonly discussed is when expansionary fiscal policy reduces private-sector investment spending. Government spending is "crowding out" investment because it requires more loanable money, raising interest rates, and limiting investment spending. This fundamental study has been expanded to include numerous channels, which may result in little or no change in total output.Therefore, a decrease in private sector borrowing and spending caused by increased government borrowing is crowding out.
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A project's operating cash flow will increase when the: Group of answer choices depreciation expense increases. interest expense is lowered. net working capital requirement increases. sales projections are lowered. earnings before interest and taxes decreases.
The correct option is (a) depreciation expense increases.
A measure of the amount of money made by a company's regular business operations is called operating cash flow (OCF). Operating cash flow shows if a business can produce enough positive cash flow to support and expand its operations; if not, it may need outside finance for capital growth.
While cumulative depreciation is the overall amount of wear and tear to date, depreciation expense is the amount that a company's assets are depreciated for a specific period (such as a quarter or the year). Accumulated depreciation is neither an expense, nor is it a depreciation expense.
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When a sales representative calls on a customer, or a call comes in to the customer service center, these are called customer ________. Multiple Choice
When a sales representative calls on a customer, or a call comes in to the customer service center, these are called customer Touch point.
When a sales representative calls on a customer, or a call comes in to the customer service center?The direct one-on-one connection between a customer making a purchase and a representative of the business selling it is known as customer service. The majority of retailers believe that this one-on-one contact is essential to ensuring customer satisfaction and promoting repeat business. When a sales representative calls on a customer, or a call comes in to the customer service center, these are called customer Touch point.
Even now, when a large portion of customer service is handled by automated self-service platforms, the ability to speak with a live person is still regarded as essential by the majority of firms. It's an important component of servant leadership.Customer service is the communication between a product's purchaser and the business that sells it.Effective customer service ensures brand loyalty one consumer at a time, which is essential for corporate success.Automation of customer service systems has been the focus of recent advancements, however the human aspect is in some cases, indispensable.Learn more about representative calls here:
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A tax that imposes a small excess burden relative to the tax revenue that it raises is.
A tax that imposes a small excess burden relative to the tax revenue that it raises is an efficient tax.
What Exactly Is Tax Efficiency?The least amount of taxes that are legally required to be paid by a person or a corporation is known as tax efficiency. When a financial choice results in a lower tax bill than a competing financial structure that serves the same purpose, the choice is said to be more tax-efficient.
Tax-Advantaged Mutual Fund
Another approach to lower tax obligations is to invest in a tax-efficient mutual fund, particularly for taxpayers without access to a tax-deferred or tax-free account. In comparison to other mutual funds, a tax-efficient mutual fund is taxed at a reduced rate. Compared to the standard mutual fund, these funds often produce lower rates of returns through dividends or capital gains.
Mutual funds that provide little to no interest income or dividends include small-cap stock funds and passively managed ones, including exchange-traded funds (ETFs) and index funds.
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Ethanol, a biofuel derived from corn, is used in the production of both gasoline and pharmaceutical-grade hand sanitizer. During the pandemic, as the demand for gasoline plummeted, several producers of ethanol retrofitted their plants by purchasing new capital in order to produce a higher-quality ethanol, which could be used to make a medical-grade hand sanitizer. Future decisions about whether to produce ethanol for gasoline or for hand sanitizer – be informed by the – costs they incurred to retrofit their plant.
Future decisions about whether to produce ethanol for gasoline or for hand sanitizer would not be informed by the sunk costs they incurred to retrofit their plant.
What are sunk costs?
Sunk cost is a cost that has already been incurred and cannot be recovered. Sunk cost should not be considered when making future economic decisions.
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Section _____ of the _____ gives the securities and exchange commission (sec) the authority to regulate the solicitation of proxies.
Section 14(a) of the Securities Exchange Act,1934 gives the securities and exchange commission (sec) the authority to regulate the solicitation of proxies.
Securities Exchange act 1934 is an act which was enacted to provide the proper rules and regulation of securities exchanges and also of the over-the- counter markets which are operating in interstate as well as the foreign commerce and also through the mails, so that inequitable and unfair practices on such exchanges and markets could be prevented at the highest level, and for other purposes such as minimizing the frauds etc.
Meaning of proxy: Proxy is the authority which is defined or selected to represent someone else in the contract, annual general meeting or any other meeting especially for voting purpose.
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Costs, also called differential costs, are the additional costs incurred if a company pursues a certain course of action.
Costs, also called differential costs, are the additional costs incurred if a company pursues a certain course of action is the extra or incremental income obtained from choosing one course of action over another. sums that the business would avoid if it got rid of the section.
How Does Differential Cost Work?The cost difference between two potential decisions or a change in production level is known as a differential cost. The idea is applied when there are several viable options to consider and it is necessary to choose one and reject the others.The idea might be especially helpful in step costing scenarios when creating an extra unit of output might incur a sizable additional cost.What is the additional cost?A cost that is mentioned in a spell's rules text or added to a spell or ability from another effect and that its controller must pay in addition to the mana cost or activation cost of the spell or ability they are controlling is known as an additional cost. Only when a cost is expressed using the word "additional," is it considered an additional expense. Optional or required charges may apply.Learn more about differential costs and additional costs here:
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