<span>In a contingency table, the joint events are mutually exclusive because they consist of unique combinations of individual events that are mutually exclusive. For an individual to be described by one of the joint events, the individual must be described using each of the two attributes measured in the table. Since the possibilities for each of the two attribute are mutually exclusive, there can be only one way for an individual to be labeled with each pair of attributes. Therefore there can only be one joint event in the table that describes the individual.</span>
There are a lot of constraint in business. What one should do as a result of this change is to Understand what functionality was added.
<h3>What are change control processes?</h3>
Change control is known as the process where all requests to change the approved parts of a project, program or portfolio are put or place into, looked or evaluated and then it is approved, rejected or deferred.
By understanding what functionality was added, one can make the best possible decision.
See the options below
Issue an approved change request.
Instruct the team member to remove the extra functionality.
Implement change control processes to track the change.
Understand what functionality was added.
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Answer:
LIFO method
Explanation:
The last-in, first-out (LIFO) inventory method values the cost of goods sold (COGS) using the price of the last purchases made by the company. This valuation method is accepted by the US GAAP and it is generally applied when the replacement costs are continuously increasing.
On the other hand, the IFRS (the international accounting standard) does not allows LIFO, it only accepts FIFO.
Answer:
$100
Explanation:
A binding price ceiling will artificially set a maximum price for a product, but that doesn't mean that the supplier will be willing to supply goods at that price. Binding price ceilings result in shortages, since the quantity demanded increases, while the quantity demanded decreases. This results in a loss of economic benefit known as deadweight loss.
As seen in the attached graph, the deadweight loss is equal to the area beneath the demand curve and above the supply curve, to the left of the equilibrium price.
<u>The party may be entitled to a </u><u>partial recovery</u><u> under the </u><u>contract.</u>
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<h3><u>What is Substantial Performance in Contract Law?</u></h3>
Each party promises to uphold its end of the bargain when two parties enter into a contract. Say, for instance, that a property owner hires a contractor to work on their property's construction, such as adding a wing to the house. The property owner will pledge to pay for the services provided, and the contractor will promise to carry out the construction as specified in the contract.
When there is just a minor deviation from the terms of the agreement, a good faith attempt was made to achieve complete performance, and there was no major breach, a party may claim substantial performance. In essence, the result will be adequate to support payment for the services provided.
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