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Lunna [17]
1 year ago
6

a buyer purchases a home in an area where closings are traditionally conducted in escrow. which item would a buyer deposit with

the escrow agent before the closing date? cash needed to complete
Business
1 answer:
Ostrovityanka [42]1 year ago
3 0

The buyer should deposit earnest money to the escrow agent before the closing date .It is known as earnest money deposit (EMD).

<h3>Earnest Money: What Is It?</h3>

Earnest money is a deposit given to a seller to show that a buyer has the intention to make a purchase, like the purchase of a new house. With the money, the buyer has more time to secure financing, do a title search, have the property valued, and have inspections done before closing. Earnest money can be seen in a variety of ways, including as a down payment on a house, an escrow deposit, or good faith funds.

To know more about 'Earnest Money', visit :brainly.com/question/9568046

#SPJ4

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The distinction between a normal and an inferior good is A. when income​ increases, demand for a normal good increases while dem
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Answer:

The correct answer is option A.

Explanation:

Normal goods have positive income elasticity, so when there is an increase in the income of the consumer, the quantity demanded of the normal goods will increase.

On the other hand, the inferior goods have a negative income elasticity. So when the income of the consumer increases the demand for inferior goods decline. This is because as income increases, the consumers will prefer normal goods.

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3 years ago
Compared to a monopoly that does not price​ discriminate, a monopolist who engages in perfect price discrimination will produc
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Answer:

An output that maximizes revenue and profits. If a firm can price discriminate, it will sell its product or service at a different price to every single consumer. Perfect price discrimination refers to pricing your product at exactly the highest amount that each individual consumer is willing to pay, i.e. consumer surplus disappears.

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2 years ago
Difference between authority and responsibility​
Orlov [11]

Answer:

An authority is a power to give orders and ask your subordinates to perform certain duties. Authority can be given to a person by government’s executives, owner of an organization, or by the representatives of GOD.

An authority is a legitimate power to influence people to compel them to perform the task given to them. For example, a mob has the power to punish a criminal, but they don’t have legitimate authority to punish the criminal.

The authority lies in the hands of the law. Similarly, in an organization, the authority lies in the hands of a manager to get organizational tasks accomplished by his subordinates.

However, the authority of the manager is limited to a particular department of the organization. He has no authority on his employees outside the organization.

Authority is the consequence of the position of an individual in an organization. A person can only be at the superior position of the organization if he has authority; a person with no authority can never be on the top position of an organization.

Therefore, the degree of authority is highest at the top level, and its degree keeps on decreasing the levels of the organization. That means only a person at the top level can give orders to the people at a low level and can compel them to perform tasks given to them, and a person at lower level can’t give orders to the people at the top or his peers.

Authority can be of two types such as official authority (where authority is given to a person by the organization he works for), and other is a personal authority (where authority is given to a person because of his ability to influence people in the organization.

What is the Responsibility?

Being responsible

Responsibility is a moral duty or an obligation of an employee, whether he is a manager or subordinate to fulfill the task given to them. The responsibility starts as soon as the job is assigned to the employee and finish with the completion of the task.

The person is responsible for the consequence of his performance in the task. The responsibility comes with authority.

A manager is responsible for the accomplishment of the task. The responsibility moves upwards in the organization from a lower level of employees to the upper level of management.

The responsibility is originated from the superior-subordinate relationship in an organization. Because of this relationship, the manager can do a task from his subordinates with responsibility.

Difference between authority and responsibility

Difference between authority and responsibility

AUTHORITY RESPONSIBILITY

An authority is a power or right that a person gets because of his designation, role, or job. A responsibility is an obligation that an employee has to fulfill the work bestowed on him

An authority is the outcome of a formal position in an organization. A responsibility is the outcome of a superior-subordinate relationship.

An authority is a legal right given to a person. A responsibility is consequence of authority.

It is a delegation of authority. It is an assumption of responsibility.

The flow of authority is from the upper level to lower level. The flow of authority is from lower level to upper level.

Authority requires the ability to give orders. Responsibility requires the ability to follow orders.

The authority lasts for a long period of time. The responsibility ends as soon as the work bestowed on the employee is complete.

The objective of the authority is to make decisions and implement them effectively. The objective of responsibility is to perform duties effectively assigned by the superiors.

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A the more complete and accurate an organization wants its information to be the more it cost
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Market supply is P = 10+0.5Q and market demand is P = 150−3Q in a perfectly competitive market. If a firm has fixed costs of 60,
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C. The firm will shut down.
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