The world intellectual property organization requires that
the e-business comply with the laws of the country in which they are based
because of the reason that the e-commerce company should comply with the laws
of its own or home country which is simplified by the WIPO.
Answer:
Public warehouse
Explanation:
Public warehousing becomes more effective than than private warehousing when there is low volume with high variability in demand and significant seasonality which is the case here as there is fluctuating demand.
Answer:
a. True
Explanation:
The above is true because culture constitute a way of life of people who share common value. Culture refers to the beliefs, values and norms among group of people. For instance, in some culture, the male when greeting lay flat on the ground, while the female knee; these actions symbolizes respect for the people whom they are greeting.
Examples of cultural beliefs includes but not limited to tradition beliefs, religion beliefs, social standards etc.
Answer: C. the quantity supplied at that price.
Explanation:
A shortage for a good occurs when the current market price is less than the equilibrium price. So, whenever there is a shortage at a particular price the quantity sold at that price will be less than the quantity demanded. The amount of shortage is equal to quantity demanded minus quantity supplies. And the quantity sold is equal to the quantity supplied at that price.
Answer:
E. Bad debt expense can be estimated by the percent of sales method, the percent of accounts receivable method, or by the aging of accounts receivable method.
Explanation:
The bad debt is an expense that is to be shown on the debit side of the income statement. It refers to the amount which is not collectible by the company due to partie bankruptcy
It can be estimated by the following methods using the Generally accepeted accounting principles (GAAP)
1. percent of accounts receivable method,
2. percent of sales method
3. the aging of accounts receivable method
Hence, the correct option is E.
