Answer: government taxes on products or services entering a country that primarily serve to raise prices on imports.
Explanation:
Tariffs are known to be taxes which the government of a particular country charges on goods and services which are imported into the country from other countries. It is a form of trade protection which the government uses in protecting local companies. Thus, the government imposes taxes on imported goods in order to make the prices of the goods high so that citizens can buy local or domestic goods and as a result encourage domestic companies to produce more of the local goods.
Answer: Dependability is defined as the quality of being able to be counted on or relied upon. When you always do everything that you say you will and never make promises you cannot keep, this is an example of dependability. YourDictionary definition and usage example.
Explanation:
In a negotiation, to allow for concessions, the expectations expressed in the seller team's opening position should be higher than its target position
Option B
<u>Explanation:
</u>
Negotiation is a political dialogue that addresses a problem in a way acceptable to both sides. That group tries in a discussion to convince the other to adhere to its views. Both parties involved tend not to argue, rather seek to find some kind of agreement by mediation.
Talks require others, so that one side is always in the forefront of the talks. Nevertheless, even when the concession is marginal, the other should surrender.
Negotiation parties can differ. These may include negotiations between purchasers or even between the government of several or more nations, employers and future employees.
Milka's balance sheet reports: Interest payable for one month.
<h3>What is interest?</h3>
The fee you pay to borrow money or the fee you charge to lend money is called interest.
Some features of interest are-
- The fee paid for the privilege of borrowing money is called interest, and it is often stated as an annual percentage rate (APR).
- The compensation a lender or financial organization receives for giving out money is called interest.
- The most common way to represent interest is as a yearly percentage of the loan amount.
- The interest rate on the loan is known as this percentage.
- For instance, if you put money in a savings account, a bank will provide you interest.
The three types of interest include -
- simple (regular) interest: The daily interest rate, the principle, and the number of days between payments are multiplied to determine simple interest.
- accrued interest: The amount of interest accrued on a loan or other financial obligation as of a certain date that has not yet been paid back.
- compounding interest: The interest you earn on interest is known as compound interest. Simple math may be used to demonstrate this: If you have $100 and it generates 5% interest annually, you will have $105 at the end of the first year. You'll have $110.25 after the second year is over.
To know more about the estimation of simple interest, here
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Options:
- Smith Bus should be excused from performance under the clause for the rights on improper delivery
- Smith Bus should not be excused from performance because it did not act in good faith
- Smith Bus should be excused from performance under the test of commercial impracticability
- Smith Bus can exercise its right of anticipatory repudiation
Answer:
Correct answer is Option c.
<u>Smith Bus should be excused from performance under the test of commercial impracticability
</u>
Explanation:
In this case, Smith cannot fulfil the contract obligation due to an unforeseen event. Hence, Commercial impracticability shall apply.
