Answer:
Adverse selection
Explanation:
Adverse selection typically refers to such a circumstance when sellers possess knowledge that customers just don't have, about some type of quality of products — in other terms, it is a method of leveraging asymmetric data.
In other words, Asymmetric information, often referred to as intelligence loss, occurs when any group has better knowledge of data than any of the other group.
Thus, we can conclude that the warranty is given to ensure customers that nothing has been hidden from them.
TQM is Total Quality Management, it's describe as a management approach to long-terms success for customer service or satisfaction.
Answer:
$76,050
Explanation:
Given that,
cash price = $60,700
assumed accrued taxes = $5,260
attorney’s fees = $2,170
real estate broker’s commission = $3,310
clearing and grading = $4,610
Cost of the land:
= cash price + assumed accrued taxes + attorney’s fees + real estate broker’s commission + clearing and grading
= $60,700 + $5,260 + $2,170 + $3,310 + $4,610
= $76,050
Answer:
6780$
Explanation:
We first find 11% of 2000 by the following equation
2000 x .11
From this we get the annual interest 226$
226$ x 30 = $6780
