<span>When the dollar appreciates relative to foreign currency means that the exchange rate will favor the dollar and cause a decrease in the the price of imported goods. It also means that travel abroad from the U.S. to the relative countries will increase due to lowered costs.</span>
7. a) Loyal customers are most valued because they continue to bring business over time
9. b) quality costs are all the costs that results from defects and that are incurred to prevent defects.
14. b) inseparability
16. a) fluctuating demand (fluctuation means change/going up and down)
19. a) one seller and many buyers.
Answer: True
Explanation:
Under Agency Law in relation to employment, the salesperson is acting as an agent of the owner of the store and as such is their representative. As their representative, it is assumed that whatever they are selling is from the Owner whom they represent and as such can be binding on the owner.
This is why the Agent must act in the best interest of the owner because the owner could be held negligent for the actions of their agents. For instance, a salesperson will not be sued for a faulty equipment that caused harm but the store can.
Answer:
The correct answer is letter "C": Partnership.
Explanation:
A Partnership is an organization where two or more owners operate a business. They share the profits in proportion to their percentage partnership interest. There are two types of partnerships: <em>General Partnerships</em> (unlimited liability) and <em>Limited partnerships</em> (liability proportional to the percentage contribution of the partnership).
A. A flatter, more horizontal demand or supply curve is elastic