All categories

4 years ago

A contract tells an organization how it must act and the consequences for failing to act properly.

1 answer:

6 0

<h2>Yes the statement is True. A contract tells an organization how must act and the consequences for failing to act properly.</h2>

Explanation:

It is true that a contract is an agreement which is stating rules and regulation and also the consequences which the company has to face if the rules are violated.

A contract,

is an legal agreement
is signed for specific period
contains rules
consists of benefits which the company will get
also contains terms & conditions which might change from time to time

should be signed by company as well as the party
should even be signed by the witness of both the side

You might be interested in

What effect will each of the following have on the demand for small automobiles such as the Mini-Cooper and Fiat 500?

icang [17]

Answer:

a. Demand will increase.

b. Demand will increase.

c. Demand will increase.

d. Demand will decline.

e. Demand will increase.

Explanation:

a. If small automobiles become more fashionable, people will prefer them more. This will lead to an increase in demand for autos.

b. If there is an increase in the price of large automobiles and the price of the small automobiles remain the same, people will prefer the cheaper substitutes. This will cause the demand for small automobiles to increase.

c. Inferior goods have a negative income effect. SO, when income declines the demand for small autos will increase and vice versa.

d. If consumers expect the price of small autos to fall in the near future, they will hold their money to buy autos when their price fall. This will cause the current demand to fall.

e. When the price of gasoline drops it will become cheaper to use autos. This will lead to an increase in demand for autos.

8 0

3 years ago

Read 2 more answers

A. Cash receipts from customers for services rendered __________ Operating __________Inflow

vaieri [72.5K]

Answer:

a. Cash receipts from customers for services rendered

Indication: Operating activities and Cash Inflow

b. Sale of long-term investments for cash

Indication: Investing actiivity and Cash Inflow

c. Acquisition of property, plant and equipment for cash

Indication: Investing activity and Cash Outflow

d. Payment of income taxes

Indication: Operating activity and Cash Outflow

e. Bonds payable issues for cash

Indication: Financing Activity and Cash Outflow

f. Payment of cash dividends declared in previous year

Indication: Financing activity and Cash Outflow

g. Purchase of short-term investments (not cash equivalents) for cash

Indication: Investing activity and Cash Outflow

h. Purchases of inventory for cash

Indication: Operating activity and Cash Outflow

Definition of terms

Operating Activity: This activity will show how much the cash flow from the business in operating . This included net profit and changes in assets and liabilities and amortization expenses .

Investing Activities: This part is shows the where the money is invested or investment is sold.

Financing Activities: This activities will show the cash flow from financing activities between the reporting period example. Raising or payment of the fund through the common stock , preference and bonds etc.

5 0

3 years ago

Suppose an American worker can make 20 pairs of shoes or grow 100 apples per day. On the other hand, a Canadian worker can produ

Elan Coil [88]

Answer: Higher; Comparative advantage

Explanation:

A country or a firm has a comparative advantage in producing a commodity if the opportunity cost of producing that commodity in terms of other commodities is lower than the other country or firm.

Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.

If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.

Therefore,

United states's Opportunity cost of producing a pair of shoes = $\frac{100}{20}$

= 5 apples have to be foregone for producing a pair of shoes

Canada's Opportunity cost of producing a pair of shoes = $\frac{20}{10}$

= 2 apples have to be foregone for producing a pair of shoes

Hence, Canada has a comparative advantage in producing pairs of shoes because Canada's opportunity cost of producing a pair of shoes is lower than United states opportunity cost.

5 0

3 years ago

At the end of the systems implementation phase, the final report to management should include ____.

Nataly_w [17]

As far as I remember, at the end of the systems implementation phase, the final report to management should include these elements:

1. a comparison of actual costs and schedules to the original estimates;

2. final versions of all system documentation;

3. planned modifications and enhancements to the system that have been identified;

It's necessary thing in system analysis.

3 0

3 years ago

Question 4

denis23 [38]

Answer:

B. Accounts Receivable

7 0

3 years ago

Read 2 more answers