<u>Solution and Explanation:</u>
1. Dr. Phil had no right to visit Ms. Spears when she had not given her consent for the same. Ms. Spears is an adult and has full rights to decide whom she wants to meet and whom she does not want to. Dr. Phil met her against her wish. Moreover he released a press statement about Spears without taking consent from her or her family.
This is total unethical and a clear violation of privacy rights of Britney Spears and her family. This step taken by Phil violated the privacy rights of Spears as he shared information about her, in public, without even taking permission. This is morally incorrect.
2. Some of the issues related to public figures or celebrities which arose in this case are as follows:
• The right to privacy is not given to celebrities as their life is totally public.
• Any person can invade the life of the celebrities and make it public
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Answer:
The type of credit that requires borrowers to carefully manage debt so that it doesn't get out of control is revolving credit. The customer can purchase anything they want up to a certain amount each month, and if the borrower does not carefully manage their revolving credit, it could get out of control.
It's to insure that manufacturers honor their warranties and to reduce the chance that a consumer will be misled about the nature of the purchase.
Answer:
only the results of the business' activities
Explanation:
balance sheet is among the three main financial statements prepared by a corporation. It reports the financial positions of the business by showing the value of assets, liabilities, and the shareholder's equity at any point in time. Therefore, a balance sheet shows the net worth of the corporation.
The preparation of the balance sheet follows the accounting equation of assets equals liabilities plus shareholder equity. On one side, the balance sheet reports the assets and liabilities and equity on the other. In other words, the balance sheets indicate how the assets of a business are financed. It does not report on the personal activities of business owners.
Answer: A. incorrect because part of each payment is to principal and to interest. Therefore, only a portion of the payment goes to interest, so the full amount should not be included when computing the rate of interest paid.
Explanation:
When paying back a loan, there are two components to the periodic interest payment. The first component is the interest payment. This is the payment to compensate the borrower for loaning out the money and is based on the interest rate and the principal left to be repaid.
The second component goes towards repaying the principal of the loan which in this case is $10,000. When computing the periodic interest rate therefore, the entire amount paid per period should not be used as it would inflate the interest rate.
