1 it could lead you to legal trouble
2 it could lead to bad credit
3 it could effect you being able to get a credit card to help get your credit back up
Answer:
Trade credit
Explanation:
Trade credit occurs between traders where a trader allows another to purchase goods without paying for them immediately.
It is the cheapest form of short term financing.
This is a form of business to business agreement where payment is set at a later date of 30 days, 90 days or 60 days.
The transaction is recorded by using invoice.
Usually it is a zero percent short term finance. The amount of the good at time of purchase is what is paid at the sure date.
There is no extra payment made by the buyer as interest on the amount agreed.
Answer:
pooling losses
Explanation:
This agreement embodies the concept of pooling losses. In this concept, each individual loss is spread over to the entire group. In order for this arrangement to be effective, a large number of farmers are required, so whenever a farmer suffers a loss, it will be mitigated due to the pooling over the large group.
Answer:
The correct answer is letter "B": the price is relatively unimportant in allocating resources.
Explanation:
Centrally planned economies or command economies are those managed by the government that dictates production quotas and distribution levels and determines prices. Private ownership is null in centrally planned economies since the government is the owner and distributor of land, labor, and capital.
<em>Allocation price is irrelevant when it comes to command economies since only those vital goods such as staples are paid attention.</em>
Answer:
Edgar is a chef and the kitchen manager in an upscale restaurant. He is very knowledgeable in both the culinary and restaurant management fields. Because he possesses these technical skills, Edgar can be considered an Management by objectives (MBO)
Explanation:
Management by Objectives (MBO) has to do with management of organization in terms of their goals and ensure maximum performance is recorded. Edgar used MBO as a result helps the restaurant to harness their resources and manage it efficiently.
