Accountability is a promise that a person or a group will be judged on how they perform or behave in relation to anything for which they are accountable.
Though more from the standpoint of oversight, the phrase refers to accountability. For instance, an employee might be in charge of making sure that a response to an RFP (request for proposals) complies with all the standards. Consequences may or may not occur if the work is not completed satisfactorily. Accountability, on the other hand, indicates that the worker is required to successfully complete the task and will need to at least justify their failure.
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The economic principle of substitution says that when there are two houses in the same neighborhood with the same size, appeal, and utility, the lower-priced one will tend to sell first.
<h3>The economic principle of substitution</h3>
- According to the principle of substitution, the cost of purchasing a substitute that is just as desired tends to establish the upper limit of value, assuming no inopportune delays.
- A shrewd investor would not spend more on an asset that generates income than it would cost to construct or buy an asset of a similar nature.
- According to this theory, the cost of acquiring a comparable substitute property with the same use, design, and revenue determine the maximum value of a property in most cases.
- For instance, why would somebody pay $1,000,000 for a home when they could pay $750,000 for a different but as appealing home in the same neighborhood?
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His reaction best illustrates the importance of <u>stress appraisal</u>.
<u>Explanation</u>:
Stress appraisal explains how the individuals handle and cope with the stressful event. The individuals are monitored and evaluated on how they handle the situation or event. The reaction of the people may differ on how they understand the happening.
The person undergoing stress may be emotional and the outcomes of the person depend on the level of the stress he/she is undergoing. The person with stress may feel tensed, angry and frustrated.
Answer:
D. Smith is incorrect, because Benson paid part of the purchase price and took possession.
Explanation:
Since in the question, there is a contract between the Smith and Benson for the sale of land but after paying the $400,000 the Benson takes the land possession. but according to the Smith it is an unenforceable contract under the statute of frauds.
So as Benson pay the amount of $400,000 and take the possession so in this case the Simon is incorrect
Hence, the option d is correct
