Answer:
The correct answer is (C) The buyer's obligation to the seller changes in the event of theft or physical destruction or damage of the product.
Explanation:
Unlike the loss incurred models contained in the existing US GAAP, the CECL model does not specify a threshold for the recognition of the provision for impairment. Moreover, the entity will recognize its estimate of expected credit losses for financial assets at the end of the reporting period. Credit impairment will be recognized as a provision - or against asset - rather than as a direct punishment of the base of the amortized cost of the financial asset. However, the carrying amount of the financial asset deemed uncollectible will be written off in a manner consistent with existing US GAAP.
A potential risk is confusing the customers - customers have brand loyalty and recognition based off of the look and familiarity of packaging. They might always reach for the "green tic tacs" without even knowing the official flavor because they are familiar with the color, and changing the packaging could affect that.
However, a potential benefit of changing the packaging is attracting new customers who would have otherwise overlooked the product. Making the packaging new and exciting might entice new people to become buyers.
A good way to test this would be with focus groups, which are groups of people who you ask to pretend to be the customer and give you feedback on the idea. Focus groups are a good way to learn the good and bad perceptions about a change before it is put into effect.
Answer:
FALSE
Explanation:
If rates are not set and the government does not limit trade, the invisible hand will continue to function in the market and will result in economic output.
- Government plays an important role in controlling prices and distribution in order to sustain a stable economy in the country.
- To protect consumer interest, the policy has to fix the price of goods that is generally lower than the equilibrium level.
Therefore this statement is incorrect.
I believe the correct answer would be correct answer be both a and b options. An access to personal information could be possible when you are connected to a public network and also by storing passwords on your cellphone. Hope this helps.
