Answer:
Fiduciary
Explanation:
A fiduciary is a person that is appointed to protect the interests of his principal.
He should ensure that all transactions favor his principal maximally. It also entails full disclosure.
In this case, Mark was going to be the beneficiary of the sale. Even if the site was sold at fair market value, Mark has responsibility to fully disclose the source of the transaction to Anna.
Conflict of duty is when the fiduciary benefits from his position. This is not allowed.
US lifestyle shifts have expanded the careers for "daycare providers", since many more women have joined the work force in the past two decades--meaning that they can't be at home with their children.
Answer:
C. subject to review by higher levels of management in order to prevent the budgets from becoming too loose.
Explanation:
Self-imposed budgets typically are subject to review by higher levels of management in order to prevent the budgets from becoming too loose.
Self-imposed budget also known as the participative budget is a type of budget where individuals having responsibility for controlling costs, prepares their own budget estimates and present them to the top level of management for review.
Answer:
Option D. The deposits in transit are added to the balance per the bank statement, and outstanding checks are deducted from the balance per the bank statement during the bank reconciliation process.
Explanation:
The reason is that the bank balance as per business books are kept updated according to their knowledge of the transaction verified and bank keeps its business books updated according to its knowledge of the verified transactions.
When the customer presents the check to the business, the business increases its bank balance as per its books and at this point the bank doesn't know whether there is any monetary transaction actually taken place or not. So the bank hasn't altered the business bank balance in their books of accounts. This means the bank is overstated by the deposit in transit and for reconciliation sake we will have to add it to balance as per bank to tally it with the balance as per the business.
Similarly the Outstanding checks which is also known as unpresented checks are the money not yet withdrawn from the business bank account but is actually deducted from the bank balance as per the business books because the payments that the business makes actually records it. This means that the bank balance as per business books are lower than the balance as per the bank and for reconciliation sake we will have to deduct it from the balance as per bank to tally it with the balance as per the business.
Answer:
The argument exposed in the question does not address the fact that natural resource scarcity and/or depletion cannot be so evident, and as result, economic agents do not necessarily have the incentive to hold more of them, and drive up the price.
Besides, natural resources provide ecosystemic and enviromental services, that generate positive externalities, and these positive externalities are not accounted for in the prices (this is why they are externality), causing the market prices that are paid for natural resources to be lower than they should.
The government can use to strategy to promote natural resource conservaiton:
1) Account for the positive externalities, and increase the price that is charged for the use. It can be a tax.
2) Simply step in and forbid the use of some natural resources after a certain point is reached. It can be a quota system.
