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SIZIF [17.4K]
3 years ago
15

Which of the following best explains why the profit motive often leads to efficiency and innovation

History
1 answer:
natima [27]3 years ago
5 0
The desire to make a profit motivates individuals and businesses to work efficiently. For example, if a business can find a new way to make a valuable good, like a phone, this will drive down the cost of production. Driving down the cost of production allows the company to make more off the product when selling it to the public. Along with this, lowering the cost of production allows business to decrease the price of goods, making the it more likely that consumers will buy it.
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Under the investment advisers act of 1940, the renewnal of an advisory contract under different terms than the preceding contrac
exis [7]

Answer:

The renewal of an advisory contract under different terms than the preceding contract requires that a revised brochure must be given to the customer at, prior to, contract renewal .

Explanation:

First, we need to define a term called ADV part 2A: Form ADV is a form used by investment advisers to register with the Securities commission and Exchange Commission (SEC) and state securities authorities.

There is no requirement to file an ADV Part 2A with a balance sheet promptly unless the adviser for the first time will accept $1,200 or more of prepaid fees, 6 months or more in advance of services rendered.

The "2-Day Free Look" at the "Brochure" is only required under NASAA rules for customers that are signing an advisory contract with that adviser for the first time - so it only applies to State-registered advisers, not to Federal Covered Advisers.

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4 years ago
Please help!!
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3 years ago
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White raven [17]
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Attempted to take over the world by starting Workd War II from 1939-1945

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What helps does barton request from his parents
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