Answer:
D. Economic duress
Explanation:
Economic duress -
It refers to the condition in the contract, where the first party threatens to cancel the deal, as the other party does not agrees to the demand of the first party, is referred to as economic duress.
The condition arises in case of any major feud between the two parties, where one of the party is left with no choice, but to follow the other party.
It is a type of forceful situation.
Hence, from the given scenario of the question,
Economic duress is showcased in the question, as one party threatens to cancel the contract, unless and until the second party agrees to all the conditions.
An accounting firm has five offices in five separate cities. Employees need to transmit data between the different offices, and it is crucial that none of the data is altered during transmission. This e commerce concern is known as D<u>ata Confidentiality</u>
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Explanation:
- Data confidentiality is about protecting data against unintentional, unlawful, or unauthorized access, disclosure, or theft.
- Confidentiality has to do with the privacy of information, including authorizations to view, share, and use it.
- Confidential Information should not be accessible to an unauthorized person. It should not be intercepted during the transmission.
- Confidentiality refers to protecting information from being accessed by unauthorized parties.
- Only the people who are authorized to do so can gain access to sensitive data. Imagine your bank records.
- A failure of confidentiality, known as a breach, typically cannot be remedied.
Answer: a. wages and interest.
Explanation:
There are four factors of production being land, labor, capital and entrepreneurship.
The income earned from labor is called a wage. Wages are paid as remuneration to the labor (people) involved in the production of goods and services.
The income earned from capital is known as interest. The company pays interest to be able to use capital provided by others to enable it engage in the production of goods and services.
Answer:
Explanation:
Without capital or knowledge, it is impossible to enter the market. The more important and harder of the two is the capital. In order to get the necessary capital, they can talk to investors, pitch their idea to these investors and convince them to give them money in exchange for a percentage of the company that they want to create. Another way to raise the money would be a fundraiser, by offering the public certain benefits for donating money to your organization. Once the capital is obtained, the knowledge can be easily obtained by hiring professionals with expertise in the market that you want to enter.
