Answer:
As the bank manager, Steve should be informed that the promissory note met all conditions and the case cannot be seen in the same light as a fraud case because the bank had no reasons to suspect any kind of fraudulent activity as everything was filled correctly and no sign of tampering on the note, it was a genuine and verified promissory note. Aside from the amount and signature, there was nothing in the note to show the agreement that both Steve and Henry had, which is not going above $5,000.
So the bank has the right to collect all its money from Steve, it is a form of negligence on the part of Steve to leave the amount blank which Henry took advantage of.
Although Steve could sue Henry for going above the amount they both agreed on.
Considering the situation described above, when Global Petroleum negotiated a deal with Saudi Arabia, this is an example of <u>Bartering</u>.
<h3>What is a Bartering?</h3>
Bartering is a transaction agreement whereby both parties agree to pay with goods or services without using money.
Therefore, in this situation, when Global Petroleum negotiated with Saudi Arabia to receive oil as partial payment over 20 years. This is an example of <u>Bartering</u>.
Hence, in this case, it is concluded that the correct answer is <u>Bartering</u>.
Learn more about <u>Bartering</u> here: brainly.com/question/1462751
the under-supply problem associated with free-riders and public goods can be solved by making the good or service more excludable
What is public goods ?
A public good is a good that is both non-excludable and non-rivalrous in economic terms. Users cannot be denied access to or use of such goods for failing to pay for them. Furthermore, use by one person neither prevents nor reduces the availability of others.
A public good is a commodity or service that is made available to all members of a society in economics. These services are typically administered by governments and funded collectively through taxation. Law enforcement, national defense, and the rule of law are examples of public goods.
Defense, lighthouses, streetlamps, and clean air are all examples of public goods. They are all non-exclusive and non-rivalrous in terms of the public good.
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Answer:
B) coercive power.
Explanation:
There are two ways of influencing others to follow the instruction or to get the process in the right order.Those two ways are: Reward power and coercive power.
Coercive power: It is the ability of the authority to use power or force against people or subordinates to follow the instruction or to get them disciplined. It is an act of punishment for committing errors so that it does not get repeated.
In the given case, the manufacturer decided to punish resellers for their action. As Manufacturing decided to slow down deliveries and postpone product availability to these resellers.
Answer:
b. percentage change in the consumer price index.
Explanation:
Inflation is the increase in the price of a commodity, it is expressed as a percent change in the price of an item. We can calculate the inflation using percentage change in consumer price index.
Consumer price index measure the percentage of change in the price of a market basket of consumer goods and services.
