Answer:
Support Argument.
Explanation:
Support argument is a process in which a person backs up his research or findings to prove it correct. The purpose of support argument is to sustain a product by an argument or a statement . Gertie has made a statement that she will try Ultra Tide. She has made this statement to support the ad of Ultra Tide. This is an example of support argument.
Under the ERISA, A person who is a licensed public accountant, licensed by a regulatory authority of a foreign government would not be considered a qualified public accountant as defined by Section 103. Thus, Option C is the correct statement.
<h3>Who is a qualified public accountant u/s 103?</h3>
Under the section 103(a)(3)(D) of ERISA the term “qualified public accountant” means—
(i) someone who's an authorized public accountant, licensed through a regulatory authority of a State;
(ii) someone who's a certified public accountant, licensed through a regulatory authority of a State, or
(iii) someone certified through the Secretary as a qualified public accountant according to policies posted through the Secretary for a person who practices in States where there may be no certification or licensing procedure for accountants.
Under the ERISA, A person who is a licensed public accountant, licensed by a regulatory authority of a foreign government would not be considered a qualified public accountant as defined by Section 103. Thus, Option C is the correct statement.
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Answer:
may limit the extent to which a nation specializes in producing of a particular product.
Explanation:
Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.
Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.
For instance, if you decide to invest resources such as money in a food business (restaurant), your opportunity cost would be the profits you could have earned if you had invested the same amount of resources in a salon business or any other business as the case may be.
The law of increasing opportunity costs can be defined as a principle in business which states that, if an organization or business firm continually raise (increase) its level of production, its opportunity cost also increases (rises).
Consequently, this may limit the extent to which a nation or country in any part of the world specializes in producing of a particular product so as to reduce or lower its opportunity cost.
Answer:
If the First National Bank of Joaqin has a customer deposit of $300 into its checking account and the bank's reserves increase by $30, the reserve ratio would be of 10%.
Explanation:
The required reserve ratio is the ratio of deposits that banks that accept deposits have to hold in the Federal Reserve. This rule, which was previously enacted to provide protection against bankruptcy risk, is currently used as a market liquidity control tool. Depending on the maturity of the deposit, it is collected at separate rates.
In the case, since the deposit is $300 and the reserve is $30, the reserve ratio is 10% (since 30 is 10 percent of 300).