Economists call this the law of demand. As the price of a product increases, the quantity demanded decreases (but the demand itself remains the same). If the price falls, the quantity demanded will increase.
Resource Prices – Rising resource prices lead to a decrease in supply or a leftward shift in the supply curve. Falling resource prices lead to an increase in supply or a rightward shift in the supply curve.
An increase in demand shifts the demand curve to the right and a decrease in supply shifts the supply curve to the left.
A decrease in demand leads to a decrease in the equilibrium price. Less quantity to deliver. An increase in supply leads to a product decrease in the equilibrium price, all other things being equal. Demand increases.
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Answer:
1. Physical control
2. Segregation of duties
3. Pre-numbered documents
4. Segregation of duties
5. Establishment of responsibility
Explanation:
1. As this shows that someone locked cash in safe, so this will be physical control.
2. As this shows the division of duties among employees, so this will be segregation of duties.
3. As this shows documents are pre numbered so it comes under pre-numbered documents.
4. As this shows the division of duties for bookkeeper, so it comes under segregation of duties.
5. This shows the responsibility of any work on a person, so this will be establishment of responsibility.
The amount of these benefits that is taxable for 2021 is $1,680.
<h3>Benefits that is taxable for 2021</h3>
The Benefits that is taxable for 2021 is Personal protective equipment of the amount of $140 per months.
Hence:
Taxable benefit=$140×12 months
Taxable benefit=$1,680
Therefore the amount of these benefits that is taxable for 2021 is $1,680.
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Answer:
Corporate, Strategic and Product management function
Explanation
In corporate function, it serves the role of global marketing sector in setting, enforcing the brand standards and definition of the global infrastructure meant for public relations.
In strategic function, it serves the role of setting the growth strategies, assessment of competitive landscapes, collaboration with the engineering and the management towards the performance of gap analysis
In product management function, it serves the role of building and also driving the launching of those plans meant for products and service provisions, redefining of raw positions and messaging towards the crisp value positions.
A statement that is valid according to law of contract will be termed true while an invalid one is termed false.
<h3>Validity of the statements</h3>
- Under the UCC, a contract will generally fail because one or more terms are left open, (TRUE)
- A contract without a quantity term is valid. (TRUE)
- A contract for services is specifically covered by the UCC. TRUE
- Whether there has been an offer is determined by a subjecive standard. TRUE
- A says to B: "I am going to sell my car for $2,000." B says: "I accept, here is my check." There is a contract. TRUE
- Offers made in jest are always invalid. FALSE
- B agrees to buy all of her requirements from S. S agrees. The contract fails for lack of a definite quantity term. TRUE
- A writes to B: "I will offer you S20 a week if you will give violin lessons to my son. You have 30days in which to reply to this offer." B is still thinking about it when a purporis to revoke 15days later. B can nonetheless accept. TRUE
- When an offeree learns from a third party that the offeror has sold the goods. the offer is re-voked. TRUE
- The modern view is that once the offeree of a unilateral contract begins to perionin, the offeror may not revoke his promise. FALSE
- An offer continues until there is an express revocation of the offer. TRUE
- A offers to sell his watch to B for 100. B says she will take it for 575. B may laier accept the offer for S100. TRUE
- A offers to sell his watch 10 B for $100.1 gives a 55 to keep the offer open. A may not revoke. TRUE
- Under the UCC, a non-merchant may make her offer irrevocable without consideration. TRUE
- In general, an offeree must affirmatively convey his or her intention to accept an offer to enter into a bilateral contract TRUE
- A says to B:"If you paint my house, I will give you 5100." B promises to paint a's house. Thereis a contract. TRUE
- At common law, an offeree may request additional terms in accepting the offer. TRUE
- Merchant S accepts Merchant B's offer with an additional clause providing for reasonable interest for overdue invoices. The additional clause is part of the contract. TRUE
- Revocation of an offer sent by mail is elfective upon receipt. TRUE
- lla ained for forbearance of a legal right will constitut esileration TRUE
- B agrees to buy a house offered by S if B gets a bank loan. There is a contract TRUE
<h3>Law of contract</h3>
Law of contract is an agreement between private parties creating mutual obligations enforceable by law. The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.
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