The agency would be described as partially disclosed. A partially disclosed happened because Philip has been notified that Faye is representing someone, but has no notice of Robert’s identity. In here, <span>Faye is liable to Philip even if she did not disclose the identity of Robert, but, she has a right to be refunded for any losses suffered due to Robert’s default.</span>
Answer:
B. The average is increasing.
Explanation:
Average variables: It is the average change in the input units of production. It is calculated by dividing total amount of changes by total number of unit changed.
Marginal variables: It is change of one unit of input, which cause changes in total units of production. As the marginal variable changes, the average variable also changes as there is changes in total unit of productions.
Hence, if the marginal is greater than the average, the average is increasing.
Fixed expenses are expenses incurred within a given period of time e.g a month and remain constant and are not easily changed. They include monthly bills and expenses such as health insurance and life insurance. On the other hand, flexible expenses also called variable expenses include daily spending such as spending on food tea, which differ and change time to time .<span />
Answer: Option (B) is correct.
Explanation:
Correct Option: Resources to the highest value good or service.
Prices normally are able allocate scarce resources efficiently because they will allocate resources in a better way, so that there can be a full utilization of resources.
If the resources are used efficiently and effectively then this will lead to an optimal utilization of the limited resources.
0.013 is the annualized rate of occurrence (ARO) for a natural disaster affecting an organization.
Annualised Rate of Occurrence (ARO): An expected frequency of the hazard occurring over the course of a year is known as the Annualised Rate of Occurrence (ARO). ALE is computed using ARO (annualized loss expectancy).
The annualised rate is applicable for a specific amount of time (less than 12 months). It is a mathematical extrapolation of an estimated yearly returns rate. In order to determine it, multiply the monthly change in returns rate by 12 to obtain the annual rate.
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