Answer:
An implied agreement is based on a formal agreement.
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implied contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, executory contract, etc.
Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent.
Simply stated, mutual assent connotes agreement, acceptance and consent to a contract by both parties.
An implied contract can be defined as an informal contract that exists based on an assumption or understanding between two or more parties, rather than on terms that are formally and specifically defined.
This ultimately implies that, an implied agreement is not based on a formal agreement but on assumptions or understanding between the parties involved.
<u>Answer:</u>
If the objective of economic policy is to decrease the amount of pollution by an industry in the long run, the (C) Most effective policy action would be a subsidy to firm for the reduction of emissions.
<u>Explanation:</u>
To decrease the amount of pollution by industry, in the long run, we can also enforce a tax on polluting firms. As we know that, if we punish someone for doing a wrong thing in front of everyone then others will not dare to do the same thing in the future because of fear of punishment.
So this method is also good to apply but it will only punish the person who causes pollution but it will not provide a method to reduce pollution which is already present. It is better to motivate someone to do good things instead of living their life, in fear of some punishment. So according to me, it's better that we give a subsidy to firm for the reduction of emission.
Answer: <em>Grapevine communication</em>
Explanation:
From the given information, we can state that this particular case is an example of grapevine communication. This p-articular type of communication is mostly referred to as the informal workplace environment dialogue. Therefore it is usually distinguished by the conversations in between workers and their superiors which do not tend to act in accordance with the recommended arrangement.
Answer:
An area with younger people will have a higher demand for rentals and a lower demand for buying.- D.
Answer:
a.Foreign Corrupt Practices Act
Explanation:
Foreign Corrupt Practices Act is a legislature that seeks to outlaw bribing of foreign government officials with a view of gaining some advantage for their business.
The act is mostly binding on publicly traded companies and their officials.
There has been much criticism about this act, as some businesses see it as a way to discourage investment in foreign assets.
Avon Products Inc failed to put controls in place to detect and prevent payments and gifts to Chinese government officials from a subsidiary.
This is a violation of Foreign Corrupt Practices Act