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kykrilka [37]
2 years ago
9

An honest effort to meet both the spirit and letter of the contract is termed Group of answer choices reasonable circumstances.

sole discretion. honest representation. good faith.
Business
1 answer:
Katarina [22]2 years ago
8 0

An honest effort to meet both the spirit and letter of the contract is termed, Good Faith.

<h3>What is a Good Faith?</h3>
  • Good faith (bona fides) in human interactions refers to a real intention to be fair, transparent, and honest, regardless of how the encounter turns out.
  • With bona fides, however, this is not the case; it is still extensively used and interchangeable with its widely-accepted contemporary English translation of "good faith," unlike certain Latin expressions that have lost their literal meaning over the years.
  • It is a crucial idea in both law and commerce. Bad faith, mala fides (duplicity), and perfidy are the opposing ideas (pretense). Bona fides is a modern English term that is interchangeable with credentials and identification.
  • The expression, which occasionally appears in job postings, should not be mistaken for genuine occupational requirements or the employer's good faith attempt.

To know more about Good Faith refer to:

brainly.com/question/16004535

#SPJ4

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Consider the following scenario:Suppose that Sharon has just finished smoking a cigarette and is thinking about throwing the cig
BlackZzzverrR [31]

Answer:

Moral codes and social sanctions

Explanation:

Externality is when the actions of a producer or consumer have an effect on third parties not involved in production or consumption.

Externality can be positive or negative.

Postive externality is when the benefits of economic activities to third parties exceeds the costs.

Negative externality is when the costs of economic activities to third parties exceeds the benefits.

Smoking and littering the environment with cigeratte butts is an example of an activity that generates negative externality.

Sharon's morals and sense of judgement cautioned her against littering with her cigarette butts because she knows such activity is frowned against by the society. So, in this case she is guided by her moral codes.

This is one of the solutions to externality.

Other solutions include:

Taxation

Integration of different types of businesses through merger or acquisition

Contracts

Charities

I hope my answer helps you

3 0
3 years ago
Which of the following could be used as a basis to allocate profits among partners who are active in the management of the partn
grandymaker [24]

Answer:

1, 2, 3 & 4

Explanation:

All of the given options could be used as a basis to allocate the profit among partners. Allocation of salaries is also a basis for profit allocation. Salaries of partner is deducted from the net profit on the basis of predetermined ratio or amounts.

The numbers of years can also be a base for the profit allocation. The partner from the long time could have more share than a new partner but it depends on the agreement of all the partners.

The profit can also be based on the the amount of work work done or time spent by each partner. Some associations and firms use this method to allocate the profit.

The most common method of profit allocation is the capital invested in the business. partners are paid on the basis of what they invested in the business.

5 0
3 years ago
What is an investigation?
adell [148]

Answer:

An attempt to collect and analyze information about an incident

4 0
3 years ago
Upton Industries has revenues of $42,629, interest expense of $1,230, depreciation of $2,609, cost of goods sold of $23,704, div
Softa [21]

Based on the various transactions, the addition to retained earnings was <u>A. $5,075.88</u>

<h3>What was the after tax net profit ?</h3>

This can be found as:

= (Revenues - Interest expense - Depreciation - Cost of goods sold - Admin expenses) x ( 1 - tax)

= (42,629 - 1,230 - 2,609 - 23,704 - 7,040) x ( 1 - 22%)

= $6,275.88

<h3>Addition to retained earnings </h3>

= After tax net profit - Dividends paid

= 6,275.88 - 1,200

= $5,075.88

In conclusion, option A is correct.

Find out more on retained earnings at brainly.com/question/25998979.

3 0
3 years ago
More than 90 percent of cereal is consumed at breakfast, but ads for Kellogg's Cracklin' Oat Bran says it tastes like oatmeal co
Paladinen [302]

Answer:

B. Market Development

Explanation:

Market development is a growth strategy that <em><u>identifies and develops new market segments for a product</u></em>.

In this question, yes the cereal is mostly consumed at breakfast, but the Kellogg's Oat Bran is developing the market by portraying the Oat Bran as a snack rather the breakfast.

Targeting and developing the new customers to be the consumer of the product is at the heart of the strategy.

In a way, it's about literally developing the market for your product is not currently your consumer yet.

4 0
3 years ago
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