Answer:
The correct answer is letter "D": None of the above.
Explanation:
<em>Even if John has no direct either indirect influence in the business it is not suitable for him to accept the gift from his friend</em>. The position John's friend has in the supplier company is unknown which implies his friend could play a managerial role, therefore, it is better to avoid any type of action that could be a signal of preference towards that company.
Besides, John works in accounting which is an administrative department of the business, thus, John should be extra careful in his actions regardless of the influence he might have in the firm.
Answer:
A. Collateral
Explanation:
A collateral is a valuable item, a property or an asset that is offered by a borrower of a loan to the lender of the loan as a form of loan security, such that the lender can take possession of the asset, monetize the asset and recover the losses. Collateralized loans includes car loans and mortgages.
Lending such as those given in business credit card does not require loan securities
Answer:
Change in Investment (Government Spending) = $200
Explanation:
Multiplier = k =∆Y/∆I = 1/(1-MPC)
Needed ∆Y = $1000 ; MPC = 0.8
1000/ ∆I = 1 / (1-0.8)
1000/∆I = 1 / 0.2
1000/∆I = 5
∆I = 1000/5
∆I = 200
The answer is spendthrift clause. It is a trust that is produced for the benefit of a person that gives an independent trustee full authority to make decisions as to how the trust funds may be spent for the benefit of the beneficiary. Creditors of the beneficiary usually cannot reach the money in the trust, and the funds are not actually under the control of the beneficiary. Also, it prevents the beneficiary's reckless spending of benefits.
Answer:
implied
Explanation:
Warranty is an assurance that a product will do the work for which it was intended and be of the same quality and grade like others of its class received by a buyer of a product from the seller whether expressly stated or not . This follows that where the product is discovered to be substandard or defective, the seller will either repair or replace the product in line with the terms and conditions of sales.
Implied Warranty is a quality assurance statement given by a buyer to a seller that is neither oral nor written but generally understood by law to be associated with products and services of that industry
