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miskamm [114]
4 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]4 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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Sea & Sail Corporation makes boats and boating supplies. Theresa files a product liability suit against Sea & Sail, alle
snow_lady [41]

Answer:

Effect on the product

Explanation:

The reason is that the effect of design would be consider to consider whether or not it causes harm to the party, in which case the court will order the other party to compensate the claimant because the defender has breached the contract which resulted in harm to the claimant. So the settlement amount depends upon the resultant loss to the claimant.

5 0
3 years ago
Computing Number of Shares
DIA [1.3K]

Answer: See explanation

Explanation:

1. Determine the authorized shares.

The authorized share simply refers to the maximum number of shares that can be issued by a particular company. In this case, the authorised share is 212000.

2. Determine the issued shares.

The issued share simply means the shares sold. In this case, the answer is 145000 shares.

3. Determine the outstanding shares.

The outstanding shares will be:

= 145000 - 15000

= 130000

5 0
3 years ago
Some accountants argue that variances should be written off directly to cost of goods sold, regardless of materiality, because:
Citrus2011 [14]
I had to look for the options and here is my answer. 

Some accountants assert that variances should be written off directly to the price of the sold goods, regardless or materiality because product proration would indicates that assets values on the balance sheet consist of the inefficiency costs.
8 0
3 years ago
Which of the following is not a financial intermediary?
EastWind [94]

Answer:

Commercial business.

Explanation:

An institution that facilitates the channeling of funds between lenders and borrowers indirectly. And this all are the examples of the same.

Banks.

Mutual savings banks.

Savings banks.

Building societies.

Credit unions.

Financial advisers or brokers.

Insurance companies.

Collective investment schemes.

cooperative societies

Stock exchanges

Commercial business is not a financial intermediary, but this includes the distribution of goods & services and this include all the asset and liabilities of the business and doesn't take into account the operations.

4 0
3 years ago
Which are questions financial managers ask when considering long-term financing? (Select all that apply)
tensa zangetsu [6.8K]

The questions asked by financial managers are:

  • What funds do we need to achieve the firm's long-term goals and objectives?
  • What sources of long-term funding (capital) are available, and which will best fit our needs?
  • What are the organization's long-term goals and objectives?

<h3>Who are financial managers?</h3>

This refers to managers that are responsible for the financial health of an organization.

Also, these specialized manages create financial reports, direct investment activities, develop financial goals etc.

Read more about financial managers

brainly.com/question/27559649

#SPJ1

5 0
2 years ago
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