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gladu [14]
2 years ago
8

How is the principle of open opportunity different from guaranteeing success to everyone in the marketplace?

Business
1 answer:
sesenic [268]2 years ago
7 0
The principle of open opportunity in the marketplace means that anyone who wants to put up a business is welcome to do so. However, the success of his business rests entirely on how well it is received in the market.

Guaranteeing success to everyone in the marketplace is impossible. Competition is always present. Demand and supply can be affected by factors beyond human control.
You might be interested in
Many commodities have futures markets associated with them. A futures market is a prediction market that aggregates information
arlik [135]

Answer:

Answer is explained in the explanation section below.

Explanation:

Solution:

a.

Unleaded fuel prices are expected to fall by June 2019 according to future demand forecasts.

Since the future price is less than the spot price, it would be better for long-term buyers who can wait for the price to increase because the market is currently in BACKWARDATION. This happens due to a short-term disparity in demand and supply.

b.

If the information in this sector is reliable and impartial, the expected June price will most likely be similar to the real price we will see in June.

It is reliable if the market is accurate and impartial, i.e. the market research on which knowledge flows.

The prices of goods are either integrated or expressed in such a flow of knowledge.

So, if it's unbiased and reliable, the forecast prices would be reasonably similar to the real future price.

5 0
3 years ago
On April 1, 20X4, Kew Co. purchased new machinery for $300,000. The machinery has an estimated useful life of five years, and de
Afina-wow [57]

Answer:

The answer is B. $180,000

Explanation:

The sum of years' digits method is an accelerated depreciation that is based on the assumption that the productivity of the asset decreases with time.

Here, the sum of the digits are found. In this question, useful life is 5 years. So the sum of the digit is:

5+4+3+2+1 = 15.

April 1 20X4 through March 31 20X6 is 2 years.

First year depreciation is:

5/15 x $300,000

=$100,000

2nd year depreciation is:

4/15 x $300,000

=$80,000

Therefore, accumulated depreciation is

$100,000 + $80,000

$180,000

7 0
2 years ago
Are contractually-stipulated cooperation programs between unions and management a realistic and workable concept? Why or why not
krok68 [10]
<span>Yes these contractually-stipulated programs between the both parties are actually a realistic and workable concept. It is important for both union and employer because when there is a situation of disagreement this contract will provide a resolution to both of them saving time and resources.</span>
4 0
3 years ago
Al, walks in off the street, says the grounds could use some sprucing up, and offers to do it for $8 an hour. Management gives h
Rufina [12.5K]

Answer:

<u>Option B</u> must pay him as an employee, withhold appropriate taxes and issue a W-2 at year end

Explanation: He is paid based on hours worked, and uses the company equipment thus is an employee who is controlled by an employer. The independent contractors buy their own supplies, provide their own equipment and paid based on tasks performed

4 0
3 years ago
When building a new residential development or mall, a national real estate organization typically does not remove many trees, b
Musya8 [376]

Answer:

The answer is: Corporate environmental responsibility

Explanation:

Corporate Environmental Responsibility (CER) is usually a part of Corporate Social Responsibility (CSR). It deals with environmental aspects of the corporation´s activities or operations such as:

  • Reduce or eliminate waste or emissions.
  • Maximize efficiency and productivity of the resources the corporation uses.
  • Reduce or eliminate the operations and activities that affect the environment on a negative way.
  • Recycling materials and obsolete assets.
  • Etc.

In this specific question, the real estate organization is reducing its negative impact on the land by preserving trees.

6 0
2 years ago
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