Answer:
True
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
A contractor can be defined as a self employed individual or business entity that provides services or work for another for an agreed fee.
This ultimately implies that, a contractor is a non-employee of the organization he provides services or work for. Some examples of a contractor are consultants, engineers, lawyers, accountants, auditors, doctors etc.
Basically, the government of a country usually employs the services of contractors for the execution of public projects and works.
Hence, both the Government and the contractor have the option of going to court to resolve disputes between them.
The primary ethical issue with regard to market allocation of water resources is the human disregard for the intrinsic value of water.
<h3>What are the ethical issues relating to Water?</h3>
The ethical issues relating to water are:
- Sustainability;
- Equity and Proportionality
- Principle of the common good
- Responsible Stewardship
- Deliberate Participation etc.
Controlling the loss and contamination of drinkable water is a major issue around the world because, given the current population growth rate, the rate of contamination or loss must not exceed the ability of the natural water source to cleanse itself.
See the link below for more about water ethics:
brainly.com/question/8293971
Answer:
Change in profit is Nil
Explanation:
<em>To determine whether to outsource the production of product X or not, we would compare the variable cost internal production to the external</em> <em>purchase price. And then adjust the net figure for the fixed costs.
</em>
<em>For a make or buy decision the relevant cash flows include </em>
1. the differential variable cost of the two options
2. savings from avoidable fixed costs associated with internal production
$
Variable cost internal production (2+7+5) 14
External buy in price <u>12</u>
Savings per unit of bought from outside <u> 2 </u>
Savings on 1000 units (2× 1,000) 2,000
Unavoidable fixed cost (2 × 1,000) <u> (2,000)</u>
Net change in profit <u> Nil </u>
<em>Note we assume that the fixed overhead is unavoidable. That is it will still be incurred whether or the product is outsourced </em>
marketing is advertising, selling and delivering products to consumers or other businesses
Answer:
bank credit
Explanation:
A bank credit is money that is collected from a bank or financial institution that is determined by the ability of the person to repay the loan and the total money the bank has available to pay.
The bank calculates the ability of the person to pay back a certain percentage of the loan over a particular period before disbursement.
In the given scenario Parker's expansion will cost approximately $150,000 in construction costs. Purchasing the additional inventory will cost $50,000. Over the next two years Parker believes this will increase sales 20% and profitability 25%.
The bank will verify the efficacy of these projections and give the loan to Parker