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3 years ago

1.

Business

1 answer:

Nastasia [14]3 years ago

6 0

Answer:

Yes, it can be asserted that willingness to pay under these circumstances can be reconciled with the profit goal of a business in a free enterprise system.

Explanation:

There are three possible implications of the oversight of the subcontractor to submit a bill as follows:

1. The subcontractor may not have forgotten to submit the bill but the small business owner pays $15,000: Under this, the fact that the subcontractor has not submitted the bill does mean he has actually forgotten the legal obligation of the small business to pay. If the small company does try to fall through, it can raise suspicions the small business.

2. The subcontractor may truly have forgotten to submit the bill and the small business owner pays $15,000: Under this case, a feeling of an obligation to pay $15,000 will create a great and positive impression on the part of the subcontractor about the small business owner. This will subsequently result in a further favourable business interactions between the small business owner and the subcontractor.

3. The subcontractor may truly have forgotten to submit the bill and does pay any amount: Under this case, the subcontractor will have a wrong impression about the small business owner when the subcontractor eventually remembers he is yet to submit the bill. The attendant negative results will be loss of integrity, loss of more future business opportunities, and among others.

Conclusion

From the explanation above, it can therefore be asserted that willingness to pay under these circumstances can be reconciled with the profit goal of a business in a free enterprise system. This is because by doing the right thing, more positive impression will be created over time.

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Plz,what is memorandum

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A written message in business or diplomacy.

Explanation:

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The time that an employee spends on a particular job determines his or her specialization of labor.

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MAde up of employes in an industry

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3 years ago

Explain how the political systems of countries differ. Explain how the economic systems of countries differ. Explain how the leg

KIM [24]

<h2>Every country operate in a different yet similar system of both political and social affairs.</h2>

Explanation:

Every country operate in a different yet similar system of both political and social affairs. In terms of political differences, some countries have parliamentary governments while some countries like the US have presidential governments.

Regardless of how each country operate politically, most of the operational system of these countries are embedded in democracy and the general welfare of its citizens. The differences occur because of these operational systems of each country. They could differ in policies, reforms or laws which are based on the interests of its people and the nation.

In economic terms, the differences occur when governments prioritize what economic policies or model they choose to implement. Economic systems of a country change according to the need of the times. For instance, China initially, after its independence, chose to remain a closed economy until it reformed its policies in 1978 to finally open up the country.

Legal systems of countries differ from one another as every country use a civil law system based on its cultural, social, political and historical circumstances. For instance, in US each state has the power to establish its own legal procedures while in some country, every state must follow a uniform civil code.

As we know the political economy refers to both the political and economic systems of a country, management practice of national differences is important to taken into account before securing economic relations with another country. Management practice of national differences helps in finding favorable economic and political systems around the world for a country to make both economic and political partnership with.

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4 years ago

HELP FAST! What is the correct answer?!?!

Nataly [62]

The retailer/store pays the interchange rate.

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2 years ago

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Match each word with the phrase: diversification- the period of time after people end their working careers, guaranteed- to prom

Sveta_85 [38]

Answer:

*Diversification => The practice of putting money into more than one kind of investment

*Guarantee => To promise and deliver a future result

*Return => The money earned on an investment in a certain period of time

*Liquidity => The ability to quickly convert something into cash

*Retirement => The period of time after people end their working careers

Explanation:

1. Diversification is the act of investing resources into different areas or sectors of an economy. For example, a company that produces mainly clothing and textile materials can decide to diversify by investing in other areas like agriculture or food processing.

2. Guarantee is usually the ability of a company to promise, for example, certain qualities of a product to the consumers, and also matching the promise with the actual fulfillment of what was promised to the consumers.

3. Return: for example, if I invest $5000 on a restaurant business, and after like 12 months, the money generated on the money invested is my returns.

4. Liquidity: for example, if I have harvested cash crops, and I need money immediately, I can easily generate cash by selling them. The ease at which an asset can be converted to cash is what is termed liquidity.

5. Retirement: virtually all careers have a set time when their employees are due for retirment. The period when one leaves a career officially, after spending a certain period of years in service, is what is termed retirement.

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