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Fawzia Almesri
Answers (6)
FA
Answered
If the going rate of interest were 10 percent and the expected profit rate were 18 percent,then the opportunity cost of a firm carrying out a $100,000 project for one year with its own funds would be
A) 0.
B) $8,000.
C) $10,000.
D) $18,000.
A) 0.
B) $8,000.
C) $10,000.
D) $18,000.
On Jul 18, 2024
C
FA
Answered
Discuss the importance of customer service.
On Jul 17, 2024
According to John Tschohl, customer service is part of successful selling because satisfied customers come back to be customers again. The cost of finding new customers is considerably greater than the cost of keeping the existing ones. There is always the risk that a disgruntled customer might tell others and thus cutting off future customers. Improving customer service skills also helps in a person's self-development. Finally, customer service skills can be transferred to almost any other profession or occupation.
FA
Answered
Explain the meaning of:
(a) the objectivity concept
(b) the unit of measure concept
(a) the objectivity concept
(b) the unit of measure concept
On Jun 18, 2024
(a) The objectivity concept requires that the amounts recorded in the accounting records be based on objective evidence. In exchanges between a buyer and a seller, both try to get the best price. Only the final agreed-upon amount is objective enough to be recorded in the accounting records.
(b) The unit of measure concept requires that economic data be recorded in dollars. Money is a common unit of measurement for entering financial data and preparing reports.
(b) The unit of measure concept requires that economic data be recorded in dollars. Money is a common unit of measurement for entering financial data and preparing reports.
FA
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A problem in dealing with difficult people on the job is that many of them might be suffering from a personality disorder.
On Jun 17, 2024
True
FA
Answered
Many negotiators fail to understand the nature of negotiation and so find themselves attempting to reconcile conflicts between the requirements of negotiation the their own sense of personal ____________.
On May 19, 2024
integrity
FA
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Discuss the fundamental rules of contractual liability between a principal and the third party.
On May 18, 2024
a. A disclosed principal and the third party are contractually bound if the agent acts within her actual or apparent authority in making the contract.
b. An unidentified (partially disclosed) principal and the third party are contractually bound if the agent acts within her actual or apparent authority in making the contract.
c. An undisclosed principal and the third party are contractually bound if the agent acts within her actual authority in making the contract unless
(a) the terms of the contract exclude the principal or;
(b) the principal's existence is fraudulently concealed.
d. No principal is contractually bound to a third party if the agent acts without any authority, unless a disclosed or unidentified (partially disclosed) principal ratifies the contract.
b. An unidentified (partially disclosed) principal and the third party are contractually bound if the agent acts within her actual or apparent authority in making the contract.
c. An undisclosed principal and the third party are contractually bound if the agent acts within her actual authority in making the contract unless
(a) the terms of the contract exclude the principal or;
(b) the principal's existence is fraudulently concealed.
d. No principal is contractually bound to a third party if the agent acts without any authority, unless a disclosed or unidentified (partially disclosed) principal ratifies the contract.