Goods and services that cannot be readily provided by markets, such as national security and education, are called Public Goods.
<h3>
What are Public Goods?</h3>
- Products and services that cannot easily be obtained through markets, either because they are too expensive for a single person to purchase or because everyone else would utilize them for free if one person did.
- A good must be both non-excludable and non-rival in order to be categorized as a public good.
- If the provider of the good cannot stop individuals who don't pay from using or consuming it, the good is nonexcludable.
- If the consumption of one person does not prevent the consumption of any other person, the good is nonrival.
- A prime example of a public good is national security. We all take advantage of this government service without giving it much attention.
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A business plan is typically produced to provide a clear roadmap to build a successful business or to secure funding to start said business. It is an essential resource for management or any potential investor, allowing them both to make informed decisions.
Answer: Publicity
Explanation: Publicity is any product, service or company's public exposure or recognition. It can also refer to the transfer of information to the general public from its source, often but not always through the press.
Advertising subjects include individuals of interest of the public, products and services, art or entertainment organizations and works. Advertising is one aspect of promotion and marketing from a marketing perspective.
Thus, from the above we can conclude that Kitson is benefiting from publicity.
Project Viability Model is used in the final step of identifying viable Six Sigma improvement projects in order to easily select the priority projects based upon business criteria.
<h3>What is Six Sigma program?</h3>
A set of six management techniques, which are used by business organizations in order to detect and avoid the errors of a business process and improve efficiency, is a part of the six sigma program.
Hence, option A holds true regarding six sigma program.
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Answer:
The book value of the bond liability as of June 30, 2019 is:
$401,800
Explanation:
The face value of the bond issued is $401,800
The issue price = $416,753
Bond premium = $14,953
This bond premium will be amortized for 10 years semi-annually using the effective-interest method.
However, as of June 30, 2019, no bond has been repaid, since its maturity is after 10 years. Therefore, the liability on the bond remains the amount of the face value of the bond, which is $401,800.
