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Vika [28.1K]
3 years ago
6

Without checking the facts, a broker who is the seller�s agent tells a buyer that the property taxes in a particular neighborhoo

d are among the lowest in the area. The buyer relies on the broker�s statement and makes an offer on a house in the neighborhood. Before closing, it is determined that the taxes are actually among the highest in the area. The buyer could seek to rescind the contract on the basis of:___________.
Business
1 answer:
My name is Ann [436]3 years ago
6 0

Answer:

misrepresentation

Explanation:

A broker is a person or firm who arranges the sale and purchase of a property between a buyer and a seller. He gets a commission if the deal is executed.

In the given question, a buyer is told by a broker that the property taxes in a particular neighborhood are the lowest in the area. Based on this information, makes an offer on a house in the neighborhood. Just before closing, he comes to know that the taxes are actually among the highest in the area.

So, The buyer could seek to rescind the contract based on <u>misrepresentation</u>

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Although there are numerous stages in the new-product process, firms develop a strategy, then start ________ and continue the pr
Ket [755]

Answer:

idea generation; commercialization

Explanation:

A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.

A product life cycle can be defined as the stages or phases that a particular product passes through, from the period it was introduced into the market to the period when it is eventually removed from the market.

Generally, there are four (4) stages in the product-life cycle;

1. Introduction.

2. Growth.

3. Maturity.

4. Decline.

Although there are numerous stages in the new-product process, business firms typically develop a strategy that's in tandem with their set goals and objectives, then start idea generation such as brainstorming on how to produce the product, branding, specifications, etc., and continue the process through the final step of commercialization, which is the stage where the product is introduced into the market for the consumers to buy.

6 0
3 years ago
In a franchise business, the party paying the franchise fee is known as the a. franchisee.b. franchisor.c. entrepreneur.d. busin
Scilla [17]

Answer:

a. franchisee

Explanation:

Franchisee -

A franchises referred to a small business , and is very common method of doing any business .

The owner of the business i.e. , franchises , is referred to as the franchisee .

The franchisee has the right to take decision of the business like , using trademark of the business , proprietary knowledge , sell the brand and associated brands .

They are responsible to pay the franchise fee.

Hence , from the given statement of the question,

The correct option is a. franchisee .

8 0
3 years ago
Concord Company sells merchandise on account for $5700 to Ivanhoe Company with credit terms of 2/10, n/30. Ivanhoe Company retur
Anna71 [15]

Answer:

The right solution is Option b ($4606 ).

Explanation:

The given values are:

Company sells merchandise,

= $5700

Company returns,

= $1000

Now,

The amount of the check will be:

= (5700-1000)\times 98 \ percent

= (5700-1000)\times 0.98

= 4700\times 0.98

= 4606 ($)

6 0
3 years ago
Expenses that support the overall operations of a business and include the expenses relating to accounting, human resource manag
Lubov Fominskaja [6]

Answer:

the correct option is D) General and administrative expenses.

Explanation:

Expenses that support the overall operations of a business and include the expenses relating to accounting, human resource management, and financial management are called General and administrative expenses.

Additional examples of expenses in this category include rent, advertising, marketing, litigation, travel, meals, management salaries and bonuses.

7 0
3 years ago
Veronica Mars, a recent graduate of Bell’s accounting program, evaluated the operating performance of Dunn Company’s six divisio
ELEN [110]

Answer:

Veronica is wrong because if Percy division is close, it's fixed won't be eliminated and as such the cost will be shouldered by the other divisions which will lead to a $9,400 reduction in profit.

Though eliminating Percy division will prevent the loss of $26,200. However with a fixed cost totalling $35600 which will have to be beared by other five divisions, eliminating Percy division won't be a good idea.

Explanation:

Kindly chech attached picture

8 0
4 years ago
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