Answer: Sales Skimming or Defalcation
Sales skimming occurs when a person at the sales counter takes a part of the cash from sales, and officially reports a lower total. The legal term for sales skimming is defalcation.
This is a white-collar crime that occurs before sales are recorded in the books of accounts and hence is quite difficult to detect, since there is very little paper trail that is involved.
A shortage in the marketing occurs if the quantity demanded is larger than the quantity supplied. If a shortage exists in a market, the natural tendency is for the price to increase. Gas is a great example if price increases when there is a shortage within the market. Whenever there is a shortage in gas we often see the price of gas driving upwards of cents to dollars more per gallon. This happens because the market is aware that even with the increase in price, people still need purchase gas to live daily life. Therefore, as it's rising in price, people are still purchasing and likely it will keep climbing for a little while.
Joe is risk averse so joe would accept $100 instead of the coin toss. Joe is about to flip a fair coin and will receive $400 if it comes up heads and owe $200 if it comes up tails.
<h3>What Is Risk Averse? </h3>
The term risk-averse describes the investor who chooses the preservation of capital over the potential for a higher-than-average return. In investing, risk equals price volatility. A volatile investment can make you rich or devour your savings.
<h3>What are risk-averse and risk-seeking?</h3>
Risk-seeking confers a high degree of risk tolerance or the number of potential losses an investor is willing to accept. In contrast with risk-seeking investors, risk-averse investors seek low-risk investments and are willing to accept a lower rate of return because of the desire to preserve capital.
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Answer:
A. Amounts which are owed to the company by its customers resulting from credit sales.
Explanation:
When the company sells its product to the customers on a credit basis is called account receivable. The amount which is to be sold on credit comes under the account receivable. It is a liquidity ratio which can be converted into cash within one year
This account receivable comes under the current assets side in the asset section of the balance sheet
Answer:
A: True
Explanation:
Yes, its very much true because basic logic behind the marking concept is that organisation should meet the customer's needs by understanding them. Defining more precisely, meeting the customer needs profitably. Moreover, finding, attracting, getting, keep and growing the customers is the basic theme behind the marketing concept while remaining profitable at the same time.
