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Simora [160]
3 years ago
15

When a furniture manufacturer buys the lumber and other raw materials, machines and equipment, manufacturing supplies, and offic

e supplies needed to build its furniture pieces, this is called
Business
1 answer:
boyakko [2]3 years ago
6 0

Answer:

Procurement

Explanation:

The process of "procurement" refers to purchasing the goods and services that will be used in the company's business. This gives the company the ability to choose where and from whom they will buy their supplies. This allows "fairness" and promotes<em> competition. </em>

The act of buying lumber and raw materials by the furniture manufacturer, including its machines, equipment, manufacturing supplies and office supplies belong to the process of procurement. Companies set their <u>own procurement policies</u> in order to ensure that<em> it aligns with the interest of the public.</em>

So, this explains the answer.

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Give three reasons why building apps might not be the sole source of income for an individual.
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Hope this helps :)

3 0
3 years ago
Lawsuits related to performance management usually involve charges of discrimination or:____.
7nadin3 [17]

Lawsuits related to performance management usually involve charges of discrimination or<u> unjust dismissal</u>.

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Learn more about Discrimination here: brainly.com/question/1084594

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3 0
2 years ago
In addition to the positive welfare effects that free trade has on an economy, there are a variety of other benefits of internat
otez555 [7]

Increased competition.

Answer: Option 3.

<u>Explanation:</u>

Free trade is the trade of goods and services from one country to the other country without any boundations and without any restrictions. As a result of the free trade, the consumers have more variety of a particular good in the market.

In this particular case, since Rooby is no longer the only producer of this particular because of the free trade in the market, he can not charge too high for a particular good and it increases the competition between the producers.

5 0
2 years ago
When qualifying a buyer using the Fannie Mae guidelines, what is the ratio allowed for the amount of money for housing expense c
vfiekz [6]

Answer:

28%

Explanation:

Most mortgage lenders, including Fannie Mae, use the 28/36 rule. That rule states that a family should spend no more than 28% of the gross monthly income (GMI) on housing expenses, and pay no more than 36% of GMI to cover debts (mortgage payments are included in this 36%).

Statistics show that households that do not comply with the 28/36 rule, tend to have difficulty paying back loans.

8 0
3 years ago
The 2008 credit crunch occurred when banks reduced lending in response toa the loss of asset value for mortgage-backed securitie
rjkz [21]

Answer:

The correct answer is option a.

Explanation:

In 2007-2009 financial crisis occurred globally which originated in the US. It was triggered in the US because of the collapse of the housing bubble which caused the price of houses to decline.  

The housing bubble was backed by mortgages securities. The percentage of lower quality or subprime mortgages increase around 2004-06.  

This reduction in the asset value for mortgage securities caused the banks to reduce their lending as the debts on consumers and businesses were increasing.  

This caused the credit crunch in the year 2008.  

6 0
3 years ago
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