It is <u>True</u> that the Foreign Corrupt Practices Act is legislation that has helped increase the profits of American businesses abroad.
<h3>What is the Foreign Corrupt Practices Act?</h3>
The Foreign Corrupt Practices Act (FCPA) is an Act or a US law that makes it illegal for a United States company or person to give or take bribes from any foreign official for the purpose of getting or keeping a business.
While it is true that profits have increased as US-based businesses focus on more ethical ways of getting a business, illicit profits (that is profits from illegally acquired business deals) have dropped drastically.
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brainly.com/question/8211495
Answer:
1. False
2. True
4. False
Explanation:
In the long run, a firm in a monopolistic competition may not make positive profit why because they have a highly elastic demand, meaning the market is sensitive to price changes. Profit may turn negative in the long run, as they spend heavily on marketing because there are many firms offering products that are similar although not identical.
True, there are few barriers to entry in monopolistic competition.This makes monopolistic competition similar to perfect competition since all firms are able to enter into the market if they feel the profits are okay.
Oligopoly is different from monopolistic competition since firms set prices collectively in a cartel or under the leadership of one firm, rather than taking prices from the market. However, In monopolistic competition, there are many producers and consumers in the marketplace who can take unexpected decisions (independent decisions), but oligopoly blocks new entrants, and increase prices.
<span>The menu in a franchise restaurant differs from that of an independently owned restaurant in which of the following ways? A menu in a franchise restaurant is normally the same in all of the franchise establishments. When a restaurant is independently owned their menu can be as diverse as they want, it can change all of the time without corporate approval and can serve what's in season much easier. Though franchise menu's may differ based on region, all within a set area are typically the same. </span>
Answer:
The right answer is option (C).
Explanation:
Earned income can be defined as the income of a person which he earns by working and efforts.
Hence according to the question, the most appropriate answer is option (C) because interest earned from a bank account is not the result of any personal efforts and hence it is not considered as earned income for EIC.
While the other options are wrong because of the following reasons:
- Wages can be defined as the income a person gets after working for some company, hence it is considered as the earned income.
- Tips are also an outcome of personal efforts to make clients happy and hence it also considered as the earned income.
- Self-employed income can be defined as the income a person gets for his work as a freelancer and hence it also considered as the earned income.
