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miskamm [114]
3 years ago
11

Charles Schwab in 1971 was determined to build a stock brokerage firm that would be different. He cited that he was disturbed by

the conflict of interest between the stockbrokers and their clients. Brokers were commonly known for convincing clients to make questionable transactions to increase their commissions. What did Charles Schwab see as a current issue in the stock brokering industry?
Business
1 answer:
Alecsey [184]3 years ago
4 0

Answer:

D) The Agency Problem

Explanation:

The agency problem refers to a conflict of interests between the principal and his/her agent. Agents have a fiduciary duty to act on the best interest of their principal, but sometimes agents place their own personal interest before the interests of their principal.

in this case, the brokers should act on behalf of their clients to make them earn the largest possible profits, but instead they focus on convincing them about transactions that increased the broker's profit and not the clients'.

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X-Tel budgets sales of $70,000 for April, $120,000 for May, and $80,000 for June. In addition, sales commissions are 10% of sale
ad-work [718]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

X-Tel budgets sales of $70,000 for April, $120,000 for May, and $80,000 for June. In addition, sales commissions are 10% of sales dollars and the company pays a sales manager a salary of $7,000 per month. Sales commissions and salaries are paid in the month incurred.

April:

Sales comission= 0.10*70,000= 7,000

Sales manager salary= 7,000

Total= 14,000

June:

Sales comission= 0.10*120,000= 12,000

Sales manager salary= 7,000

Total= 19,000

July:

Sales comission= 0.10*70,000= 8,000

Sales manager salary= 7,000

Total= 15,000

3 0
3 years ago
The theory of purchasing power parity assumes that.
Maurinko [17]

PPP is a method of comparing the absolute purchasing power of currencies and, to some extent, the living standards of people in different countries.

<h3 /><h3>What is purchasing power parity?</h3>

Purchasing power parity (PPP) is a method of comparing the absolute purchasing power of currencies and, to some extent, the living standards of people in different countries.

It uses the prices of specific goods to compare the absolute purchasing power of currencies and, to some extent, the living standards of their people.

Therefore the above statement explains the purchasing power parity.

Learn more about purchasing power parity here:

brainly.com/question/2286004

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5 0
2 years ago
Unit Elastic is elasticity where a change in the independent variable (usually price) generates a proportional change of the dep
elixir [45]

Answer:

The statement is true.

Explanation:

Unit elastic is described as the demand or supply curve that is perfectly responsive to the changes in the price. In other words, the demand or the quality supplied will change or vary in accordance with the same percentage as the change in price.

The curve which has elasticity of 1 will be called as unit elastic.

5 0
2 years ago
NEED HELP WILL GIVE BRAINLIEST!!
mina [271]

Answer:

C

Explanation:

4 0
2 years ago
Read 2 more answers
The five-dollar Burger Joint gift card that your friend gave you for your birthday expires today. You can either use the gift ca
Radda [10]

Answer:

Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.

If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.

We know that if a person stay at home and eat delicious home-cooked then he must use some ingredients to cook food.

Therefore, the opportunity cost of eating the home-cooked meal is five-dollar Burger Joint gift card and the value of ingredients that are use in the home-cooked food.

4 0
2 years ago
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