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neonofarm [45]
3 years ago
8

on its advertisement, a company claims that it has funds in its possession that are in fact not available for payment of losses

or claims. the company is guilty of
Business
1 answer:
MatroZZZ [7]3 years ago
8 0

Answer:

Misrepresentation.

Explanation:

In this scenario, on its advertisement, a company claims that it has funds in its possession that are in fact not available for payment of losses or claims. The company is guilty of misrepresentation.

Misrepresentation can be defined as an untrue or misleading statement of fact made by a party to an individual or group of people to deceitfully lure or induce them to go into a contract. A company stating in its advert that it has funds in its possession but in the true sense or actual fact do not have the funds for payment of losses or claims; such a company is engaging in a fraudulent act and is liable to prosecution in any court of competent jurisdiction.

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In conducting their research, economists often substitute historical events and historical episodes for
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b. laboratory experiments.

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Laboratory experiments -

It refers to the practice of an experiment in a appropriate and controlled condition , is referred to as the laboratory experiments .

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We made a distinction between pro-business policies and pro-market policies. Which of the following is a way to put that distinc
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For each of the following:
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Answer and Explanation:

As we know that

The assets, expenses contains debit balance while the liabilities, revenues and stockholder equity contains credit balance

So based on this, the classifications are as follows

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a. Land            Asset                      debit                       debit            resources on the owners hand        

b. Cash            Asset                      debit                       debit            resources on the owners hand

c. Legal Expense  = expense        debit                        debit         consumption of cost

d. Accounts Receivable      Asset                      debit                       debit      resources on the owners hand

e. Dividends    =     Equity                debit                          debit   distribution made to owners

g. Notes Payable =   Liability            credit                          credit    obligation made to creditors

h. Common Stock = Equity               credit                         credit    investment done by the owners

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