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aleksklad [387]
3 years ago
6

A broker has placed his own funds in the trust account along with the funds of several clients. He has written records of all fu

nds in the account. The broker has paid some office expenses out of the account in an amount exceeding his own deposit. The broker is guilty of____________.
Business
1 answer:
Studentka2010 [4]3 years ago
4 0

Answer: Conversion

Explanation:

Guilty of conversion is basically an unlawful act where an individual has exerted over another person's property without the consent of that person. Over here the broker has used funds to pay his office expenses. But that funds were not just his, it was of other people as well. Moreover, the funds he took out was more than the funds he actually contributed into the trust. Meaning he took portions of other people's funds as well as taking it without consent. Therefore, the broker is guilty of conversion.

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Maurinko [17]

Answer:

A. strategy implementation.

Explanation:

Strategy implementation -

It refers to the practice of complying all the strategies and plans in order to attain some goal , is referred to as strategy implementation .

The practice require proper thinking and method , in order to plan in a very proper manner to accomplish the goal .

The process require some documents or soft copy of the steps involved and the rate of progress to track the project in a very concise manner .

Hence , from the given scenario of the question ,

The correct answer is A. strategy implementation.

6 0
3 years ago
You meet a friend of yours for lunch. He is a supplier of coffee machines. While talking business, you mention to him that you'v
9966 [12]

Answer and explanation:

There are several factors to be considered at the moment of setting the price of a good or service that is going to be offered. Raw materials, production costs per unit, and labor are the most common. However, setting the price based on the competitors seems vague. An organization cannot depend on this matter strictly of another organization since the reasons for getting to the competitors' price is unknown.

Basing the price of a product based on demand and supply could be a good option. It will imply the price level will fluctuate according to market requests. By doing this, companies make sure to keep their expected revenues almost the same regardless of what competitors might be doing.

5 0
3 years ago
O'Brien Inc. has the following data: rRF = 5.00%; RPM = 6.00%; and b = 1.10. What is the firm's cost of equity from retained ear
MrRa [10]

Answer:

11.3%

Explanation:

O'Brien has the following data

rRF= 5%

RPM= 6%

b= 1.10%

Therefore the cost of equity can be calculated as follows.

= 5% + 6%(1.05)

= 5% + 6.3

= 11.3%

Hence the cost of equity is 11.3%

7 0
3 years ago
Bridgitte and Carlotta have started a business together; Carlotta put up half the money, but she is not involved in the manageme
Fittoniya [83]

Answer:

Limited partnership.

Explanation:

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The other type of partner is general partner who is involved in the day to day running of the firm and has unlimited liability for the debt of the partnership.,

5 0
3 years ago
What is it called when a producer is unable to meet the demand of a certain product?
Andreyy89
It's called a shortage
4 0
2 years ago
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