C.
Multinationals are often known for their extraction of natural resources, and when they swoop in to harvest this new deposit of resources, what ends up happening is they indeed earn a profit, but due to repatriation of profits, the money may be sent back to the country of origin and the multinational may pressure the government to not tax the multinational.
Answer:
Option D
Explanation:
In simple words, scarcity refers to the phenomenon under which a commodity is available in a limited quantity and not all individual gets to enjoy the utility it has.
The main reason behind scarcity is the limited availability of the resources due to which the production is also limited. An individual consumer gets to take this burden in the form of high prices of such limited commodity.
If a casket cost $1,000.00 wholesale, and the funeral home's fixed multiple was 5, then $500 would be the selling price of that casket.
The selling price is the initial label that the salesperson puts on the product, and the asking price is the price at which the product will eventually be sold. Determine the total cost of all purchased units. Divide the total cost by the number of units purchased to get the cost price. Use the selling price formula to calculate the final price: selling price = cost + profit margin.
Companies should be able to bear all the costs of their products, pay their operating costs, and make a profit. Customers compare products based on retail prices and decide how to allocate their money. Businesses rely on selling prices to determine revenue from sales and achieve business goals.
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Answer:
1. False
The higher the figure, the higher the risk. Kindly note that loans are usually insured against default. The higher the amount insured, the higher the premium payable as insurance on such amounts.
2. False
It does not make for good internal control to have one person regardless of their position to have the final say on loans of great magnitude such as $5 Million. This can quickly degenerate into a situation where the officer involved is tempted to abuse that power. It makes for good corporate governance and risk management to ensure that the board is responsible for loans of such magnitude.
3. True
If a bank lost $100 in a thousand places, from loan default, that translates to a loss of $100,000. This relatively is large however it is small and will have less impact that a loss of a million dollars in 3 places. That's $ 3,000,000.
As already indicated, it makes for good loan disbursement governance, to ensure that there is at least two persons involved in the risk acceptance criteria (RAC) evaluation and loan disbursement process.
4. False
Separation of duties is the foundation of good internal control. It allows for greater objectivity. It is also key to carefully select signatories to loan disbursements. They have to be people of impeccable character and the company must exercise proper risk management to ensure that every protocol such as opportunity that may create the impulse or inclination to breach policy is removed completely.
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Answer:
An elastic demand curve will result in higher social surplus. Social surplus equals consumer surplus plus supplier surplus, or simply total surplus. The highest possible social surplus is reached at the equilibrium point.
If a product's demand is completely inelastic, the supplier can increase the price at will, reducing consumer surplus to minimum levels. If a product's demand is completely elastic, then consumer surplus increases while supplier surplus is directly related to shifts in the demand. Higher demand increases supplier surplus.
