(d) is always less than 6 months
The question is from the subject Managerial Economics.
Business management or managerial economics is the branch of economics that deals with the application of business methods in management's decision-making process. Economics is the study of the production, distribution and consumption of goods and services
What is Short Run?
A short run in economics refers to a period of production planning during which a firm attempts to keep one or more production inputs and change others to meet market demand.
What is Long Run?
The long run is the period in which all factors of production and cost fluctuate.
What is the difference between Short run and Long run?
A short term is a period in which the amount of at least one input is fixed and the amount of the other inputs can be changed. A long term is a period during which all inputs can change.
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if you had $1000 in a simple interest account paying an interest rate of 5% per period, how many periods would it take for the account balance to double?
Given the principal amount = 1000$, and an interest rate of 5%. Given, the account balance should be double in a certain time period. Therefore, we have to find the time period. Therefore, the amount would be 2000$.
The formula is Amount = Principal Amount + Interest.
And, the interest is (Principal Amount * Time period * Rate of interest) / 100.
Amount = Principal Amount + Interest
=> Interest = (1000 * T * 5) / 100 [T is unknown]
Therefore, the Interest is 50T.
2000$ = 1000$ + 50T
=> 50T = 1000
=> T = 20
Therefore, the Time period is 20 years.
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a plant asset originally cost $64,000 and was estimated to have a $4,000 salvage value at the end of its 5-year useful life. if at the end of three years, the asset was sold for $12,000, and had accumulated depreciation recorded of $36,000, the company should recognize a select an option on disposal in the amount of $enter profit or loss on disposal in dollars .
According to the given depreciation, the company should recognize a loss on disposal in the amount of $16,000
Depreciation:
In accounting, depreciation is the process of allocating the cost of long‐lived plant assets other than land to expense over the asset's estimated useful life.
Given,
A plant asset originally cost $64,000 and was estimated to have a $4,000 salvage value at the end of its 5-year useful life. if at the end of three years, the asset was sold for $12,000, and had accumulated depreciation recorded of $36,000.
Here we need to find the company should be in loss or profit.
While we looking through the given question, we have identified that following,
Original cost = $64,000
Selling price = $12,000
Depreciation = $36,000
In order to find the profit or loss, we have to subtract the selling price and depreciation amount by the original cost, then we get,
=> (36,000 + 12000) - 64000
=> 48000 - 64000
=> - 16000
Therefore, here the company faces the loss of $16,000.
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the amount of section 1245 depreciation recapture that will be taxed as ordinary income is the lesser of (1) the (realized/recognized) gain on the sale or (2) total on the asset.
The amount of section 1245 depreciation recapture that will be taxed as ordinary income is the lesser of recognized the (realized/recognized) gain on the sale or total accumulated depreciation on the asset.
If you promote Section 1245 property, you need to recapture your benefit as everyday profits to the volume of your in advance depreciation deductions at the asset that turned into sold. Any benefit as much as the quantity of the formerly taken depreciation may be taxed at everyday profits rates
Sections 1245 and 1250 had been enacted to shut the loophole that resulted from permitting depreciation deductions on property to offset everyday profits whilst taxing benefit from the sale of those depreciated property as capital gains.
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When management fails to set priorities for work, employees tend to _______. A. Decide which tasks to do by flipping coins b. Schedule tasks over a reasonable period of time c. Assume each task is of equal importance d. Work on one task to completion before moving on.
When management fails to set priorities for work, employees tend to Assume each task is of equal importance.
How to set Priorities?
If setting priorities were simple, every business would be running at full capacity.
But when attempting to establish priorities for teams, various difficulties might arise.
The first problem that could arise is the use of the same firm resources—such as personnel, tools, and equipment—by multiple concurrent projects.
It makes sense that nothing will have the team members' full attention if they are each devoting 20% of their time to five separate tasks. As a result, quality suffers. Or nothing at all happens.
What are the skills of an Effective Administrator?
Here, it is understood that an administrator is someone who oversees the actions of others and assumes accountability for the accomplishment of particular goals through their efforts. According to this description, effective administration appears to depend on the technical, human, and conceptual development of three fundamental talents. Although it would be unreasonable to claim that these abilities are unrelated, there may be actual value in looking at each ability in isolation and developing it on its own.
When management fails to set priorities for work, employees tend to Assume each task is of equal importance.
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Answer: C. Assume each task is of equal importance
hope this helps <3
an individual, age 40, who is not subject to the phaseout provision may contribute a nondeductible amount to a roth ira up to $6,000 per year in 2022.
For tax reporting reasons, investments to the a Roth IRA really aren't deducted from your income. For 2022, the maximum yearly contribution cap is $6,000.
What is a good sentence for contribute?I think each of us has something to offer the world's future. He thinks he can add something to the conversation about the rebellion. $4 billion of loans, credits, and grants are being provided by the United States. They claim that although money is scarce this year, we would like to donate more to charity.
What is contribution example?He significantly influenced the conversation. In his capacity as mayor, he significantly aided the development of the city. a collection of articles that has contributions from prominent political columnists.
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which test of whether an organization is well designed relates to assessing if the design will require a major cultural shift?
360 Degree Feedback is an analysis system or method within which workers receive confidential, anonymous feedback from those that work around them. This usually includes the employee's manager, peers, and direct reports.
A practical structure is arguably the foremost common style of structure. The target of most little corporations is to cluster their employees by department as their businesses grow, and grouping employees by numerous functions usually makes the foremost sense.
Primary shoppers typically area unit those paying for the consultant's services. These shoppers will be laid low with the engagement or intervention; however, they might not understand the engagement activity or that it'll concern them.
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if the loan to value required by the fha mortgage is no higher than 96.5% how much down payment is required from the borrower
'If the loan to value required by the FHA mortgage is no higher than 96.5% 3.5 percent much down payment is required from the borrower.
An FHA-guaranteed loan is a mortgage with a US Federal Housing Administration mortgage guarantee offered by an FHA-approved lender. FHA mortgage insurance protects lenders against losses.
The Federal Housing Administration (FHA) is part of the United States. Housing and Urban Development Department. We offer mortgage insurance for loans from FHA-approved lenders.
FHA loans are insured by the Federal Housing Administration and provided by FHA-approved lenders. Unlike FHA loans, traditional loans do not have government insurance or guarantees. Mortgage insurance is mandatory for FHA loans. With traditional loans, you can avoid this by paying back at least 20%.
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to determine the dutiable status of goods, it is necessary to know their classification, country of origin, and:
It is required to understand a product's categorization, country of origin, and value information in order to establish if it is subject to duty.
What exactly is dutiable status?The legal standing of imported commodities at the time of entrance for the purposes of adhering to the tariff and customs legislation is known as their "dutiable status."
Articles that may need the payment of customs duty are said to as dutiable. Each item has a unique duty rate, which is established by a number of variables, such as where you purchased the item, where it was manufactured, and what material it is composed of.
Where are items subject to duty kept?A bonded warehouse, often known as a bond, is a structure or other secure place where dutiable commodities may be handled, manufactured, or stored without having to pay duty. It could be run by the government or by a private company. A customs bond must be posted with the government in the latter scenario.
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which of the following is not one of the twelve pillars of competitiveness? which of the following is not one of the twelve pillars of competitiveness? technological readiness. regional trade agreements. infrastructure. goods market efficiency.
Regional trade agreements are not one of the twelve pillars of competitiveness. Hence, option B is correct.
What is Regional trade agreements?A regional trading agreement is a treaty that two or more countries join to encourage the unhindered flow of goods and services across national borders. The treaty contains internal rules that signatory countries abide by among themselves.
Because they usually seek to lower trade barriers among their parties, trade agreements are significant. Larger trade flows are made possible, along with opportunities for business growth and increased customer choices.
Thus, option B is correct.
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what is a business task? question 3 options: 1) interoperability 2) service-oriented architecture 3) loose coupling 4) service
Service-oriented architecture is a business task. A service in SOA is an independent piece of software that is created to carry out a particular task.
An application can be created using services that can communicate with each other across various platforms and languages thanks to the service-oriented architecture (SOA) software development model. A service in SOA is an independent piece of software that is created to carry out a particular task. With the aid of a loosely coupled communication system, service-oriented architecture enables various services to exchange information or coordinate an action.
A client of a service is said to be "loosely coupled" if they are not completely dependent on the service they need. Additionally, even when they are unrelated, the client, which can also be a service, can communicate with other services.
Interoperability between apps and services is a benefit of SOA for organizations. Additionally, SOA will lower the costs associated with creating business service solutions and ensure that scaling up already-existing applications is simple.
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If a firm uses absorption costing, which of the following actions taken by management would increase gross profit even if sales do not increase?a) Decreasing production and using items from inventory for sales.b) Increasing production and building up inventoryc) Increasing fixed costs by investing in new production technology.d) Increasing variable costs by purchasing higher-quality materials.
If a firm uses absorption costing, which of the following actions taken by management would increase gross profit even if sales do not increase .b) Increasing production and building up inventory.
What is absorption costing in management accounting?
A managerial accounting technique known as "absorption costing," also known as "full costing," is used to record all expenses related to producing a specific product. This strategy accounts for both direct and indirect costs, including direct materials, direct labor, rent, and insurance.
Absorption costing's key benefit is that it complies with GAAP and records profits more precisely than variable costing. In contrast to variable costing, which solely takes into account variable costs, absorption costing accounts for all production expenses.
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1. Which of the following statements about the payback method is true?
A. The payback method is always consistent with the goal of shareholder wealth maximization.
B. The payback method represents the number of years it takes a project to recover its initial
investment plus a required rate of return.
C. The payback method ignores cash flows after the payback period (later cash flows).
D. The payback method always agrees with the NPV method.
In capital planning, the term "payback period" describes the amount of time needed to recover investment costs or to break even. Hence option C is True .
What is Payback Method ?The payback technique estimates the time required to "pay back" or repay the initial expenditure.
The time it takes to generate enough cash revenues from an investment to cover the cash outflow(s) for the investment is known as the payback period, which is commonly expressed in years.
A $1000 investment that yielded $500 at the end of each of the first and second years would have a two-year payback time, for instance.
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a time standard was set as 0.20 hour per unit based on the 20th unit produced. assume the task has a 85 percent learning curve. refer to exhibit 6.4. what would be the expected time of the 40th, 80th, and 160th units? (do not round intermediate calculations. round your answers to 2 decimal places.)
The expected time 160th: 0.20 × 0.90 × 0.90 × 0.90 = 0.15 hours.
What is time?Time can be described in mathematics as an ongoing and continuous series of events that take place one after another, from the past through the present, and into the future.
The duration of events or the gaps between them can be measured, compared, or even ordered using time.
Time is defined by physicists as the flow of events from the past through the present and into the future. In essence, a system is timeless if it is unchanging.
When describing events that take place in three-dimensional space, time can be thought of as the fourth dimension of reality.
We require time to work, eat, sleep, and do all of our daily tasks. Additionally, we require time to get to know and comprehend our partners, our kids, and our buddies.
40th: 0.20 × 0.90 = 0.18 hours
80th: 0.20 × 0.90 × 0.90 = 0.16 hours
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statements ranking information risks and identifying security goals are included in a(n) group of answer choices business continuity plan. business impact analysis. risk assessment. security policy. aup.
A business impact analysis (BIA) is a methodical procedure to identify and assess the potential impacts of a disruption to crucial business operations as a result of a catastrophe, accident, or emergency. An organization's business continuity strategy must include a BIA (BCP). It includes an investigative phase to identify any threats and weaknesses and a planning phase to create risk-reduction plans.
What five things does a business impact analysis cover?
Gartner, for instance, advises looking into the following 5 major impact areas: financial, reputational, social and regulatory, output of production, and environmental.
What is security risk assessment?
Key security measures in applications are identified, evaluated, and implemented through a security risk assessment. Additionally, it emphasizes preventing application security flaws and vulnerabilities. An organization can see the application portfolio holistically—from the viewpoint of an attacker—by conducting a risk assessment
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the demand curve for labor is also question content area bottom part 1 a. the supply curve for the output labor is used to produce. b. the demand curve for the output produced with labor since the demand for labor is a derived demand. c. the marginal product of labor curve. d. the marginal revenue product of labor curve.
The demand curve for labor is also question content area bottom part, the demand curve for the output produced with labor since the demand for labor is a derived demand.
What is demand curve?A demand curve refers to a graphical representation of the relationship between the price of a goods and the quantity demanded over a period of time. In a typical representation, price is displayed on the left vertical axis and quantity demanded is displayed on the horizontal axis.A demand curve refers to a graph that shows the quantity demanded at all the prices. A demand curve is a graphical representation of a demand plan, so it is sometimes called a demand plan. Changes in factors such as average income and preferences can shift the entire demand curve left or right.This increases or decreases the quantity requested at a given price. Ceteris paribus assumption. The demand curve relates price and quantity demanded, assuming other factors remain unchanged.To learn more about demand curve from the given link :
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sardi incorporated is considering whether to continue to make a component or to buy it from an outside supplier. the company uses 12,700 of the components each year. the unit product cost of the component according to the company's cost accounting system is given as follows: item amount direct materials $ 8.50 direct labor 5.50 variable manufacturing overhead 1.30 fixed manufacturing overhead 3.30 unit product cost $ 18.60 assume that direct labor is a variable cost. of the fixed manufacturing overhead, 30% is avoidable if the component were bought from the outside supplier. in addition, making the component uses 4 minutes on the machine that is the company's current constraint. if the component were bought, time would be freed up for use on another product that requires 8 minutes on this machine and that has a contribution margin of $4.90 per unit. when deciding whether to make or buy the component, what cost of making the component should be compared to the price of buying the component? (round your intermediate calculations to 2 decimal places.)
The cost of making the component is 18.74.
Particulars Amount
Direct Material 8.50
Direct Labour 5.50
Variable cost 1.30
is is is is 0.99
Variable portion in fixed cost at 30% Contribution loss on machine hours used for another product
(4.90 X 4/8)
= 2.45
Total cost to be considered
18.74.
Note: 70% of Fixed cost is not even when we buy the component from the outside the market and
hence this cost will not be considered for decision making.
The cost of making the component should be compared to the price of buying the component was 18.74
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mr. mark develops plans to have his seventh graders compare and contrast literary characters in the giver. which level of bloom's taxonomy aligns with this activity
Mr. mark develops plans to have his seventh graders compare and contrast literary characters in the giver the level of Analysis of bloom's taxonomy aligns with this activity
What is Analysis
In Bloom's Taxonomy; The ability to dissect a piece of information into its constituent elements in order to comprehend its organizational structure is referred to as analysis. This may entail the recognition of the organizational principles at play as well as the identification of the components and examination of the relationships between them. Because they demand an upper level of intellectual ability compared to understanding and application, these learning outcomes recognize errors in logic when reasoning. establishes a distinction between facts and conclusions. determines whether data is relevant. analyses a work's organizational structure (art, music, writing). understanding of the material's substance and structural layout.
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a difference between variable costing and full absorption costing is due to differences in the treatment of: g
The way fixed manufacturing overhead expenses are handled differs between the absorption and variable costing approaches. All production expenses are "absorbed" through absorption costing, which also includes fixed manufacturing overhead as product costs.
What distinguishes variable costing from full absorption costing?Through the use of absorption costing, fixed overhead costs are divided across all units produced during the period. When employing variable costing, all fixed overhead expenses are combined and reported as a single line item separate from the price of the goods that have been sold or are still on the market.
What does "variable costing" mean?In managerial and cost accounting, the notion of variable costing refers to the exclusion of fixed manufacturing overhead from the product-cost of production. The approach stands in contrast to absorption costing, which allocates the fixed production costs to the output of products.
By "Full absorption costing," what do you mean?In full absorption costing, overhead is allocated (absorbed) into the cost of inventories. Variable production overhead expenses shall be allocated to each unit of production based on the actual use of the production facilities, according to ASC 330-10-30-1 through ASC 330-10-30-8.
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information about cash flows can influence decision makers in important ways. which of the following questions could be answered by the statement of cash flows? (check all that apply.)
how does a company spend its cash
does the company have the resources to pursue opportunities
is the company using its assets efficiently
can the company pay its debts
As information about a firm;s cash flows can influence decision makers in important ways, some of the questions that could be answered by the statement of cash flows are:
A. How does a company spend its cash?B. Does the company have the resources to pursue opportunities?D. Can the company pay its debts?What is a statement of cash flows?In accounting, a statement of cash flows refers to a financial statement that provides an aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources.
This statement also includes all cash outflows that pay for business activities and investments during a given period.
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What is the difference between MNC and TNC?.
Multinational businesses have a centralized management structure and operate in several nations. Despite having several locations throughout the world, multinational corporations lack a centralized management system.
What is a Multinational Company?A firm is considered a multinational corporation (MNC) if it conducts business in at least one nation other than its own. It also produces at least 25% of its revenue outside of its own nation, according to certain definitions.
A multinational corporation typically maintains branches, factories, or other facilities across the world in addition to a centralized headquarters that organizes worldwide administration.
International, stateless, or transnational corporate entities or businesses are other names for multinational corporations. Some might have budgets that are larger than those of small nations.
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The challenge associated with wind energy where power output cannot be forecast in advance.
Predictability. The challenge associated with wind energy is that power output cannot be forecast in advance.
What is predictability?
In terms of macroeconomics, predictability mostly refers to how well an economic model captures quarterly data and how well one can decipher the internal propagation mechanisms of models. Three things make business predictable: Teams act in accordance with predetermined standards. The organization has the capacity to accurately predict, observe, or announce production in advance. Leadership consistently recognizes when a certain action is warranted. Three things make business predictable: Teams act in accordance with predetermined standards. The organization has the capacity to accurately predict, observe, or announce production in advance. Leadership consistently recognizes when a certain action is warranted.
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if the government would like to maintain the same growth trajectory for the economy, which of the policy types below should it implement?
Neutralism or a "neutralist strategy" is an international strategy position wherein a state expects to stay nonpartisan in ongoing conflicts. Armed neutrality refers to a sovereign state that reserves the right to engage in conflict if it is attacked by a warring party.
Is fiscal policy indifferent?
In this sense, fiscal neutrality means that the government's overall fiscal policy has no effect on the economy's total demand. According to Keynesian economics, this kind of fiscal policy will neither expand nor contract aggregate demand because the government does not have a budget deficit nor a surplus.
How does neutrality work?
A nation is considered neutral under international law if it does not intervene in international armed conflict involving other belligerent parties.It cannot permit a belligerent party to use its territory as a military base, take sides, or supply military equipment.
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BatCo makes metal baseball bats. Each bat requires 1 kg. of aluminum at $18 per kg. and 0.25 direct labor hours at $20 per hour. Overhead is assigned at the rate of $40 per labor hour. Assume the actual cost to manufacture one metal bat was $40. Compute the cost variance and classify it as favorable or unfavorable. (Round Qty per unit to 2 decimal places.)
Cost variance is 7 unfavorable. An unfavorable price variation occurs when the actual cost incurred exceeds the standard cost.
How do you know if a price variance is favorable or unfavorable?A beneficial price variance occurs when the actual cost incurred is less than the standard cost. An unfavorable price variation occurs when the actual cost incurred exceeds the standard cost.Variance in accounting simply refers to the difference between budgeted and actual figures. Favorable variations are defined as higher income and reduced costs. Unfavorable variations are defined as lower income and greater costs.A favorable variance occurs when real revenue exceeds budget or actual spending exceeds budget. This is the same as a surplus, which occurs when expenditure exceeds available income.Given :
Each bat requires 1 kg of aluminum at $18 per kg
0.25 direct labor hours at $20 per hour.
Overhead is assigned at the rate of $40 per direct labor hour.
Assume the actual cost to manufacture one metal bat was $40.
Estimated cost= 18 + 0.25*20 + 0.25*40= 33
Actual cost= 40
Cost variance= 7 unfavorable.
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scotts miracle gro uses john deere equpment to keep their supply chain running. in this video, youll learn more about the way scotts miracle gro distributes products
Scott’s Miracle-Gro
As the largest supplier of lawncare products on Earth, Scott’s Miracle-Gro knows something about covering a lot of ground, and the company’s supply chain operations are no exception. As Senior Vice President of Supply Chain Dave Swihart explains, the company’s reach covers North America and western Europe, with more than 40 manufacturing facilities and 18 distribution centers moving more than 11,000 orders a week, adding up to nearly 10 billion pounds of product per year.
Who is Scotts Miracle-Gro owned by?
In the U.S., the Company's Scotts®, Miracle- Gro® and Ortho® brands are market-leading in their categories, as is the consumer Roundup® brand, which is marketed in North America and most of Europe exclusively by Scotts and owned by Monsanto.
How many years does Miracle Grow last?
According to the maker, Scotts Company LLC, traditional Miracle-Gro plant food generally has an indefinite shelf life as long as it is stored correctly. As for liquid plant food products, Miracle-Gro reps have suggested these are viable for 8 years but are best used within 3 years of purchase.
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Record the following transactions on the books of Pharoah Co. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) (a) on July 1, Pharoah Co. sold merchandise on account to Stacey Inc. for $24,930, terms 4/10, 1/30. (b) On July 8, Stacey Inc. returned merchandise worth $2,230 to Pharoah Co. (c) On July 11, Stacey Inc. paid for the merchandise.
Journal entry for the transactions are mentioned as below.
What is Sales Revenue?The amount of money produced by the firm as a result of its business activities is represented by sales revenue. This is a temporary account that appears solely on the income statement.
This also includes contra-accounts such as sales discounts, sales returns, and allowance, which are all removed from gross sales to arrive at net sales.
The journal entry of the above transactions are recorded as follows:-
No. Date Account titles Debit Credit
a 1-Jul Accounts receivable 24,930,
To Sales revenue 24,930,
b 8-Jul Sales returns and allowances 2,230
To Accounts receivable 2,230
c 11-Jul Cash 21,825
Sales discount (22,500 x 3%) 675
To Accounts receivable 22,500
Therefore, it can be recorded that transactions on the books of Pharaoh Co.
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analyze these data, available in the infection data file at the text website. using logistic regression, describe and make inference about the treatment effect.
Data analysis is the methodical application of logical and/or statistical techniques to describe and illustrate, summarize and assess, and evaluate data.
What is Data Analysis? Even though statistical techniques can be used in data analysis for qualitative research, analysis frequently evolves into a continuous iterative process in which data is continuously gathered and analyzed almost simultaneously. In fact, throughout the entire data collection phase, researchers typically examine observations for patterns. The type of qualitative approach used (field study, ethnography content analysis, oral history, biography, unobtrusive research) and the data's format determine the analysis's format. The correct and appropriate analysis of research findings is crucial to maintaining data integrity. Poor statistical analyses skew scientific results, mislead lay readers, and may harm the public's perception of research (Shepard, 2002). Integrity concerns are relevant to the analysis of non-statistical data just as much.To Learn more About Data analysis refer to:
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Which of the following files allows us to retrace a material requirement upward in the product structure through each level, identifying each parent item that created the demand?
a. Planning bill of materials file
b. Modular bill of materials file
c. Super bill of materials file
d. Exception reprot file
e. Peg record file
The files allows us to retrace a material requirement upward in the product structure through each level, identifying each parent item that created the demand is Peg record file.
Usually referred to as the bill of materials, product structure is a hierarchical breakdown of a product (BOM). BOM management may become unmanageable when businesses adapt to the diverse tastes of their customers and as derivative items expand to fit their specific settings.
In the event that a corporation, for instance, has a bakery division and a clothes division, each of those product-based divisions will have its own sales department, marketing department, production department, and other functional groupings.
Hence the correct option is E
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2. money has three roles in an economy. it is a medium of exchange, a unit of account, and a(n): economic value. economic lubricant. store of value. way to grow.
Money has three roles in an economy. it is a medium of exchange, a unit of account, and Store Of Value.
What is an economy explain?
An economy is a collection of interconnected production and consumption processes that ultimately decide how resources are distributed within a community.
The demands of persons who live there and conduct business there are met by the production and consumption of goods and services as a whole.
What is economy in a country?
The system that determines how limited resources are used to produce and consume goods and services is known as an economy.
Resources include items like raw materials, land, and people (who can work or innovate through their ideas).
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aggregate demand (ad) consists of spending for consumption, ____________, government, and net exports. (check all that apply)
Aggregate demand (ad) consists of spending for consumption, d) Investment, government, and net exports.
What is Aggregate demand?Aggregate demand can be explained as the measurement of the total amount of demand for all finished goods as well as services produced in an economy.
It should be noted that the Aggregate demand can be displayed as the total amount of money exchanged for those goods as well as services at a specific price level at a given time, hence it can be seen that the Aggregate demand (ad) do comprises of the factors such as the spending for consumption, as well as the Investment, government, and net exports.
In conclusion, aggregate demand or domestic final demand serves as the total demand that can be recorded for the goods and services when considering a particular economy .
Therefore, option D is correct.
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missing options:
a) Incense
b) Imports
c) Inventory
d) Investment
When both parties make a mistake as to the future market value of the object of their contract, the contract can be rescinded by either party.
False,A contract entered into under duress is voidable.
Mutual consent – If both parties agree that canceling the agreement is in their best interests, they can do it in writing.
Under What Circumstances can a Contract be Rescinded?
A judge must decide that there is a good grounds to void the contract in order to have it annulled. A contract between two parties cannot be canceled simply because the parties changed their minds because it is a legally binding arrangement. Mutual consent – If both parties agree that canceling the agreement is in their best interests, they can do it in writing.Problems with the contract's formation — A contract can only be made lawfully if a number of requirements are met. The contract may be terminated if any conditions, such as fraud or acquisition by coercion, existed at the time of its establishment.Hence when both parties make a mistake as to the future market value of the object of their contract, the contract cannot be rescinded by either party.
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False, A contract entered into under duress is voidable.
Under What Circumstances can a Contract be Rescinded?A judge must decide that there is a good grounds to void the contract in order to have it annulled. A contract between two parties cannot be canceled simply because the parties changed their minds because it is a legally binding arrangement. Mutual consent – If both parties agree that canceling the agreement is in their best interests, they can do it in writing. Problems with the contract's formation — A contract can only be made lawfully if a number of requirements are met. The contract may be terminated if any conditions, such as fraud or acquisition by coercion, existed at the time of its establishment.
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