OPEC successfully raised the world price of oil in the 1970s and early 1980s, primarily due to A. an inelastic demand for oil and a reduction in the amount of oil supplied.
Inelastic demand is where the demand for a product does not increase or decrease with the fall or rise in its price. When someone believes that a product is inelastic to them, then their demand won't change even though the price changes. Since OPEC was able to raise the oil price and it was still consumed, it is a product of inelastic demand.
Here we have not been given the answer choices. However, we can see that these choices are: 2/10 net 30, 2/5 net 30, 2/5 net 20, 1/10 net 45, 1/5 net 15
Here we are to select the best one if you want to forgo the discount. Since you want the discount to be forgone, we will select the plans that offer the least discount which are options 4 and 5 1/10 net 45 and 1/5 net 15.
Net out of these two, the 1/10 net 45 gives you discount of 1% for 10 days with total payable in 45 days and the other one gives you a 1% discount in 5 days. So we would like to select the one with most number of days without discount and this would be 1/10 net 45 and would give you a total of 45 days to pay the credit as against only 15 days in other option.
Hence the option which best suites is 1/10 net 45.
Answer: Option (C).
The industry-low, industry-average and industry-high benchmarks for the margins over direct costs should be interpreted as representing how much sellers of private-label footwear received over and above the costs per pair sold; these margins, if positive, serve to improve a seller’s operating profits in the designated region (negative margins over direct cost act to reduce a seller’s operating profits in the region).
Answer:
The capital market stakeholders and organisational stakeholders.
Explanation:
In this scenario William Ackman owned a large share of J.C. Penney stock, and also a member of the J.C. Penney board.
He had disclosed information about the company which was in breach of his boardroom duties.
There is a conflict for William in his roles as a capital market shareholder and a organisational stakeholders.
As a shareholder he has the freedom to disclose information about the company, but as a organisational stakeholders his obligation is to protect the company by not disclosing information about the CEO search and financial condition of the company.
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