Answer:
The correct answer is: the ability to produce a good or service at a lower opportunity cost than another.
Explanation:
Comparative advantage implies the ability to produce a good at lower opportunity cost. Opportunity cost is the cost of giving up the alternative.
A nation is considered to be enjoying a comparative advantage in the production of a good if it can produce the good at a relatively lower opportunity cost than other nations.
A nation is said to be specializing in the production of a commodity if it has a comparative advantage in production.
Answer:
Corporation
Explanation:
According to my research on different types of legal business entities, I can say that based on the information provided within the question the type of business organization that best meets Chloe's needs is known as a Corporation. This is a legal entity that is separate and distinct from its owners, therefore the owner is not held personally liable for business debts.
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Answer: double coincidence of wants
Explanation:
Coincidence of wants simply refers to a situation whereby two parties have something that the other person wants, therefore they then exchange the products they have. It should be noted that no financial compensation is involved. This simply has to do with trade by barter.
If William performs plumbing upgrades for Patricia in exchange for her incorporating his business, then their double coincidence of wants will be satisfied.
Transactional leadership encompasses all but one of the following. Which one? B. Social interaction
Transaction leadership is a style that a leader may follow when leading a group of people in a workplace. This type of leadership describes the type of leader that rewards their workers when they do well but punishes them when they do not. Transactional leaders are usually only able to keep their follows motivated in the short-term because this style is so up and down.
Answer:
a) $347,760
b) $197,760
c) $199
Explanation:
a)
The Loan is paid by 240 (20 x 12 ) equal installments. These Installments include the principal and interest payment portion. Total payment to be made including interest and principal will be as follow:
Total amount = Installment amount x Numbers of installment = $1,449 x 240 = $347,760
b)
Amount Paid over the principal amount is the cost of interest on the loan
Cost of Interest = $347,760 - $150,000 = $197,760
c)
First payment of $1,449 includes the interest and principal amount. We will separate both as follow
Interest portion = $150,000 x 10% x 1/12 = $1,250
Principal Portion = $1,449 - $1,250 = $199
$199 is applied to principal.