Answer:
standardized good, full information, no transactions costs, participants are price takers.
Explanation:
Perfectly competitive markets are theoretical, because even commodities' markets (e.g. corn, oil, etc.) do not comply 100% with all the characteristics of a perfectly competitive market, but are close enough to consider them as such.
The 5 characteristics of perfectly competitive markets are:
- Many participants (many buyers and sellers)
- Standardized goods or services
- Zero transaction costs
- No barriers to entry
- All participants can access perfect information
As I said before, no market complies 100% with these requirements, but some commodities' markets get close enough, but even there:
- commodity traders charge a transaction fee
- capital is a great barrier to entry that cannot be eliminated, e.g. it costs millions to drill and sell oil
- not all participants will be able to access perfect information
Answer:
a. Performance must be 99.9% of what was promised and no less.
Explanation:
If performance was 99.9% of what was promised, then it was basically fully performed. It is like saying I will finish this in 1 hour, but it took me 1 hour and 1 second to finish.
Substantial performance allows a party to receive payment even if they didn't fully complete the specific terms of a contract. In some states, a % is used to measure substantial performance and it ranges from 2-3% of costs remaining to fully complete a contract.
The substantial performance doctrine basically allows a small deficit on either party involved in a contract. It depends a lot on the good faith that the parties had on completing the work.
Complete Question:
When a company holds stock of several different corporations, the group of securities is identified as a(n)?
Group of answer choices
a) investment portfolio
b) controlling interest
c) consolidated portfolio
d) affiliated investment
Answer:
a) investment portfolio.
Explanation:
When a company such as a hedge fund, investment company etc, holds stock of several different corporations, the group of securities is identified as an investment portfolio.
An investment portfolio could comprise of cash and cash equivalents, stocks, commodities, bonds, currencies, real estate investment trusts (REITs) and other financial assets such as exchange-traded funds (ETFs) and mutual funds used by an investor to earn profits while ensuring they're well preserved.
