Answer: A barter system is an old method of exchange. Th is system has been used for centuries and long before money was invented. People exchanged services and goods for other services and goods in return. ... The value of bartering items can be negotiated with the other party. And community is a group of people living in the same place or having a particular characteristic in common.
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Explanation:
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Firms often have the option to reduce the scale of operations at some point in the future, which is known as an abandonment option.
An investment contract's abandonment option is a provision that gives parties the opportunity to end the agreement before it matures.
It offers value by allowing the parties to cancel the commitment if circumstances change and the investment becomes unprofitable.
The ability of management to determine whether or not to finish that project is actually what is meant by an abandonment option.
One of the four different real options (options on tangible assets) that can be added to investment projects like gold mines, airplanes, cargo ships, heavy equipment, and so forth is an abandonment option.
In bilateral agreements without a predetermined expiration date, abandonment options are frequently employed.
Learn more about abandonment here
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Answer: the collection of laws to protect society from fraud, theft, and violence.
Explanation:
Ethics is important as it helps us to differentiate what is good from the things that are wrong. Legality on the other hand, are the collection of laws that are used to protect the society from fraud, theft, and violence.
It is important to have laws in place for every society. A society without law will be faced with so many social vices.
