Answer:
The correct answer is (A)
Explanation:
Taxes are used to increase government revenue, and to improve government budget. No tax is applied to the benefits under an individual disability income policy. There are various reasons why no tax is applied, but the major reason is that premiums are not deductible. Overall, governments usually don't apply taxes on individual disability income and generally give subsidies.
Answer:
Complements stimulate the incentive to buy the original product because customers then will have a limited, exclusive supply to use in conjunction with the main product.
Explanation:
Complementary goods are goods that are consumed together, so increase in demand for one results in increase in sand for the other. For example sugar and tea are complimentary goods.
It is found that compliments stimulate increased demand of the original product. Let's say we have a lot of sugar we can use with tea and tea level is low at home. The fact that I have a lot of sugar I can use with tea will motivate me to buy more tea, since I already have sugar I can use with it.
Options:
A price cap regulation _______.
a. eliminates deadweight loss
b. is often combined with a government subsidy,
c. which makes the market efficient is a price ceiling
d. sets price equal to marginal cost
Answer:
<u>c. which makes the market efficient is a price ceiling</u>
<u>Explanation:</u>
Price ceilings are usually enforced in other to maintain an efficient market. They directed mainly to sellers which restricts the price of a commodity to a maximum amount.
A good example is the price of<em> gasoline</em>, in many countries, the law mandates a maximum price gas stations can sell.
Answer:
Contract
Explanation:
From the question we are informed about instance, whereby In order to purchase the parts from the supplier, Torc Tools Corp. had to agree with all of the terms set forth in the document the supplier provided which detailed the rights and obligations of the supplier and Torc Tools Corp. In this case, This document is a type of contract. A contract can be regarded as written agreement that binds. Contracts can be explained as documents which define responsibilities as well as roles, and “Work” which is still under the construction Contract, this document can be seen as one that is legally-binding on involved parties, this could be between Owner and Contractor. It do contains information such as General Conditions as well as Special Conditions and Scope of Work.
Answer:
The correct answer is letter "A": sustainable competitive.
Explanation:
Companies direct all their efforts to create a sustainable and competitive advantage. It represents what makes the firm different from its competitors and what could lead it to success. Competitive advantage could be based on producing at lower opportunity costs (<em>comparative advantage</em>) or manufacturing a good with unique characteristics (<em>differential advantage</em>). The longer the company can manage its strategy over time (<em>sustainability</em>) the most efficient the organization should become.
