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KonstantinChe [14]
3 years ago
12

The Model Privacy notice was introduced in 2010. Which statement about the notice is true?

Business
1 answer:
Ivahew [28]3 years ago
7 0

Answer:

The Model Privacy Notice was introduced in 2010. The statement which is true about the notice is as follow:

  • It was created following consumer testing to provide customers with a format that makes a bank's privacy practices more understandable and more easily compared with other bank's practices.

Explanation:

  • The Model Privacy Notice is such a form that was created to tell the people that how your personal information is collected and share by the financial institutions.
  • The statements like "It was mandatory for all financial service providers to use this Model effective 1/2011" and "Using the model does not provide a financial institution with a safe harbor" are false according to the Model Privacy Notice.
  • Because the use of this model is not mandatory rather it is optional and it does provide safe harbor to the financial institutions.

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Specialization and the division of ______ can increase productivity. Please choose the correct answer from the following choices
trasher [3.6K]

Answer:

Specialization and the division of labor can increase productivity.

Explanation:

Specialization is about an <em>invidivual</em> focusing on very specific tasks that are best suited to them according to their skills and knowledge. This concept can be applied to <em>companies</em> and <em>countries</em>, as they specialize on producing a small amount of products they excel at, for having the raw material, knowledge and/or technology to do so.

The division of labor is about breaking down the production process of a good in <em>different parts</em> performed by <em>different people</em> instead of having all workers performing all the tasks. The idea is to let workers be <em>specialists</em> in a small amout of tasks so that they can be more efficient and overall productivity can be greatly increased. This concept was introduced by the <u>'father of economics'</u> Adam Smith in his book "The Wealth of Nations" released in 1776.

Specialization and division of labor are complementing concepts that bring a company an increase in productivity and helps achieve economies of scale.

3 0
3 years ago
The following information was drawn from the Year 1 accounting records of Ozark Merchandisers: Inventory that had cost $15,000 w
finlep [7]

Answer: See explanation

Explanation:

a. Sales = $27000

Less: sales returned = -$660

Less: discount at 2% = ($27000 - $660) × 2% = -$526.8

Net sales = $25813.2

b. Net sales = $25813.2

Less: cost of goods sold = $15000 - $400 = -$14600

Gross profit = $11213.2

Operating expense:

Less: Selling and administrative expenses = -$2835

Operating income = $8378.2

Non-operating items:

Less: Interest expense = ($200

Add: Gain on land Sales = $900

Net Income= $9078.2

c. The interest expense be shown on the statement of cash flows in the operating expenses section. It'll be recorded in the operating activities.

d. The sale of the land would be under the investing activity as it's capital asset of the business. Therefore, the full sales price of the land, $9,250, would be shown as a cash inflow from investing activities on the statement of cash flows.

Option B is the correct answer.

4 0
3 years ago
When Benjamin purchased a camera at Best Buy, the cashier asked him for his home zip code. Which of the following approaches was
Anna11 [10]

Answer:

The correct answer is E) Customer spotting .

Explanation:

The detection of needs in the sale is the third step, of the six that must be taken to increase the possibilities of selling.

The detection of needs consists specifically in asking your client a series of questions that you have to have prepared in advance, in order to discover:

  1. What are the real needs they have
  2. If the products or services you have in your portfolio are suitable for what you need.

Not carrying out a correct detection of needs forces you to walk blindly and thus lose many chances of achieving success.

Keep in mind, that it is in this step where it is most important that you pay attention and listen to what the client has to say.

4 0
3 years ago
According to price progression, the lowest prices caskets are placed in the _______ quartile.
AlexFokin [52]

The lower-priced caskets are positioned in the higher mark-on quartile in accordance with price progression. Caskets that cost less will be marked up more.

<h3>What is Pricing Method?</h3>

The pricing method are the ways in which the cost of goods and services can be determined after taking into account all the variables influencing the pricing strategy as a whole, including the product or service, the competition, the target market, the product's life cycle, the firm's expansion plans, etc.

A pricing strategy is a plan or technique for choosing the most competitive price for a good or service. It assists you in setting prices while taking customer and market demand into account in order to maximize profits and shareholder value.

With this price strategy, as the consumer's investment rises, so does the value to them as opposed to value progressive pricing. An approach to pricing in which the cost of the casket and the markup are inversely related.

To learn more about pricing strategy, refer to;

brainly.com/question/20927491

#SPJ4

7 0
2 years ago
Vincente, a retired CEO, invests capital in a start-up company that creates budgeting software. He mentors the entrepreneur and
Ugo [173]

Answer: (A) Stakeholder

Explanation:

 The stakeholder is refers to the person in an organization that basically helps in managing all the stake in business either in external or internal type.

The main responsibility of stakeholder is to managing the resources in an organization and managing all the investment related business approach and the supply chain.

 According to the given question, Vincent is the retired CEO of the company and he investing the capital in the startup company that helps in creating the software.

Therefore, The Vincent is basically refers to the startup firm's stakeholder.  

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