A limited power of attorney fiduciary duty required of an agent Disclosure Care Confidentiality Accounting Obedience Contrition Loyalty.
A fiduciary relationship is a role of belief, and the agent owes the principal the obligation of obedience, loyalty, disclosure, confidentiality, accounting, and reasonable care (old automobile).
Fiduciary duty is defined by means of Black's regulation Dictionary as “an obligation of extreme precise religion, belief, confidence, and candor owed by using a fiduciary (which includes an attorney or corporate officer) to the beneficiary (which includes a lawyer's purchaser or a shareholder); a responsibility to act with the highest degree of honesty and loyalty towards any other .
fiduciary obligation to someone else, the person with the duty must act in a way in order to gain someone else, usually financially. the individual that has a fiduciary duty is known as the fiduciary, and the individual to whom the responsibility is owed is referred to as the predominant or the beneficiary.
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All of a company's depreciation, property taxes and insurance premiums are considered manufacturing overhead (MOH) ----- False.
What is considered manufacturing overhead?
Manufacturing overhead (MOH) cost is the sum of all the indirect costs which are incurred while manufacturing a product. It is added to the cost of the final product along with the direct material and direct labor costs.
What does manufacturing overhead include?
Manufacturing overhead includes indirect materials, indirect labor, depreciation on factory buildings and machines, and insurance, taxes, and maintenance on factory facilities. Costs that are a necessary and integral part of producing the finished product.
. Direct labor :
Is the cost of the workers who make the product. The cost of supervisory personnel, management, and factory maintenance workers, although they are needed to operate the factory, are classified as indirect labor because these workers do not use the direct materials to build the product.
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Correct question is-
Observe one urgent social problem in your Community & conceptualize social Enterprise that can can solve the problem and make at the same time.
<u> What Is a Social Problem?</u>
A social problem is any condition or conduct that has negative consequences for large numbers of human beings and that is generally recognized as a condition or behavior that wishes to be addressed. This definition has both an objective component and a subjective thing.
<u>A current example is climate change: </u>
Although the overwhelming majority of climate scientists say that weather change (adjustments within the earth’s weather because of the accumulation of greenhouse gases inside the ecosystem) is actual and extreme, fewer than two-thirds of American citizens (64 percent) in a 2011 poll said they “think that global warming is occurring”
<u>Remedy of social problem-</u>
- Reduce, Reuse, Recycle.
- Reduce Waste.
- Upcycle your Furniture.
- Recycle your Clothes.
- Bring your own Shopping Bags
- Replace Regular Incandescent Light Bulb.
- Buy Energy-Efficient Appliances.
- Turn Off the Lights.
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Answer:
1) The government prohibits gas stations from selling gasoline for more than $3.40 per gallon.
This statement is an example of price ceiling as the gas stations cannot raise their price above $3.40 but can sell it at any price lower than the ceiling price of $3.40. This is binding
2) Due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from doing so. This is neither a price ceiling or floor as government isn't directly affecting the price with their policy
3) The government has instituted a legal minimum price of $3.40 per gallon for gasoline. This is an example of price floor and is binding. The reason it is a price floor is because the petrol stations cannot charge a price below $3.40 but can charge any price above the floor price of $3.40
Explanation:
The three basic question of economic is
What to produce
How to produce
For whom to produce
Therefore the answer would be
1.How will the goods and service be produced
2.How will the goods and service be produced
3.Who will consume the goods and services
