Rule of law is very important in case of country’s legal system
This means that no one can be regarded to be above the law in a society where the rule of law exists. In a parliamentary democracy, the rule of law places a duty on all citizens to uphold the law, and in order to do so, the legislation must be just and not arbitrary. The goal of the rule of law, like other constitutional concepts, is to advance peoples' freedom and basic rights.
People and corporations must abide by the regulations set forth by the rule of law in order to avoid penalties. The rule of law establishes norms for businesses so that they, too, know what is required of them in their transactions and enables people to comprehend what is expected of them in their personal capacities.
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Answer:
Percentage of Personal consumption expenditures is 70.07%
Explanation:
The most common way to measure the national income account is gross domestic product (GDP)
GDP = C + I + G + (X – M) or
GDP = private consumption + gross investment + government investment + government spending + (exports – imports).
government purchases ($1,050) is government spending
personal consumption expenditures ($4,800) is private consumption
imports ($370)
exports ($240)
gross private domestic investment ($1,130) is gross investment
GDP = $1,050 +$4,800+$1,130+$240-$370=6.850
Personal consumption expenditures proportion is $4,800/6.850=0,7007
in %= 70.07%
Answer: The contracting of physical distribution tasks to third parties who do not have managerial authority within the marketing channel is known as outsourcing.
Explanation: Outsourcing can be a great move for many companies because often times they are able to receive the product cheaper through cheaper labor or have a supplier that focuses on just that one thing develop it better. Outsourcing allows someone who is better skilled in a particular area make a good or act on a service rather than the initial company.
Answer:
Contingencies are potential liabilities that might result because of a past event
Explanation:
Reasonably possible losses are only described in the notes and remote contingencies can be omitted entirely from financial statements.
