Answer:
utmost good faith
Explanation:
The utmost good faith refers to the principle in which both the parties are acted honestly i.e it disclosed all the information related to the insurance and does not misguide anything to gain a benefit in term of profit
Therefore in the given case, there is a contract made between the two parties where they trust each other and hope that they treated each one in a honest manner
So this situation represent the utmost good faith
According to efficiency wage theory the increase in wages will raise productivity but increase unemployment.
Explanation:
Salaries for productivity are greater than salaries of harmony. They increase productivity, but also create a labour surplus that creates greater unemployment.
The Efficiency Pay Theory states that businesses can operate efficiently and make them more competitive by paying salaries that surpass the margin.
Across four ways, businesses will benefit from productivity wages : increased workloads, reduced employee turnover, better quality workers, and healthier personnel. There are three different theories.
The idea behind the principle of effectiveness is that higher salaries can lead to increased efficiency, as employees are more motivated to work for greater salaries. In principle, higher pay can lead to higher labour productivity. The salary increases will cover themselves in this situation.
Answer:
$
Sales (2,500,000 x$0.10) 250,000
Less: Material cost(2,500,000 x $0.03) 75,000
Annual lease rental <u>70,000</u>
Profit <u>105,000</u>
Explanation:
Profit equals annual sales minus material cost minus annual lease rental. Since the annual sales volume are 2,500,000 gloves at a price of $0.10 per pair, the total sales value will be $250,000. Material costs $0.03 per pair, thus, the total material cost will be $0.03 x 2500,000 pairs. Annual lease rental of $70,000 is treated as a fixed cost.
Answer:
c. purchase of raw materials and collection of any outstanding receivables from the sale of the product.
Explanation:
A manufacturer refers to an individual or business firm that typically engages in the production of finished goods and sells them to the consumers, in order to meet their demands.
Generally, a manufacturer through a combination of processes, tools and equipments, produce finished goods from raw materials and sells them to the consumers.
This ultimately implies that, the operating cycle of a manufacturer is the length of time between the purchase of raw materials from suppliers and collection of any outstanding receivables from the sale of the product to consumers.
Answer:
The correct answer is B. all those funds changing hands between lenders and borrowers in the bond market.
Explanation:
Loanable funds is a market where all the funds accumulated by savers are found, and which are used to grant credits to other interested people in order to meet some investment or spending need. These funds work in the same way as a bank, and they generate returns on your loan, but usually at a lower rate.