Answer: D. None of the answers are correct
Explanation: despite the numerous advantages that comes with large firms and businesses, however, with increasing size, various problems do come up which needs to be addressed. Some of these include a need for more managers as they become unwieldy to manage due to difficulty of coordination and control; increased operation costs as more equipments, tools and facilities are needed to meet up with production and service delivery etc. Consequently, it is very obvious that none of the options asides option D are appropriate.
Answer:
The tax rate is the same for all income levels.
Explanation:
A proportional tax system is a tax mechanism that applies equal rates to all income brackets. This system does not segregate based on income earned. The proportional tax system is also the flat rate system.
Since the proportional tax system applies the same rate to all taxpayers, it means that the low income, middle, and high-income earners pay tax at the same rate. The proportional tax system contrasts with other methods, such as the progressive tax system that considers income levels.
Answer:
d. a mutual mistake
Explanation:
Based on the information provided within the question in regards to the situation at hand it can be said that the contract between AJ and Harry can be rescinded because of a mutual mistake. This term refers to when both parties of a contract have made the same mistake in regards to an important detail or fact within the contract. Which in this scenario was that they both believed that the truck was strong enough to handle the trailer.
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Answer:
she is acting like a person who is a risk lover
Explanation:
we get missing option they are as
A) irrationally B) like a person who is risk neutral C) like a person who is a risk lover D) like a person who is risk averse
so here correct answer is (c) like a person who is a risk lover because
here when she gain gain of $100,000.00 and than with 50.00% chance of winning amount $200,000.00 or it will be zero
As a risk lover means a risk taker. Risks may be uncertain or positive or negative in the future.
A risk taker or risk lover is a person's ability to take a risk on investment or gambling to earn a high return. The result can be positive or negative.
Whatever the risk lover takes, he or she accepts the risk.
Answer:
Jane's economic profit is $5,000.
Explanation:
Jane decides to open a business of her own and earns an accounting profit of $50,000 in the first year.
She turned down three job offers with salaries of $30,000, $40,000, and $45,000 to start her business.
Here, the opportunity cost of doing business is $45,000 as the opportunity cost is the cost of giving up the second-best alternative.
The accounting profit does not consider implicit or opportunity cost. But in the calculation of economic profits, the implicit cost is considered.
Economic profits
= Accounting profit - Implicit cost
= $50,000 - $45,000
= $5,000