All categories

3 years ago

expain the meaning of national credit act and consumer protection act as some of the contemporary legislation

Business

1 answer:

yKpoI14uk [10]3 years ago

5 0

Answer:

national credit act is the act that was introduced to protect consumers against unfair and reckless credit granting by businesses

consumer protection act it aim is to promotes /protect the economic interest of consumers by providing them information so that they make informed choice

You might be interested in

Suppose the production function in an economy is Y = K0.5L0.5, where K is the amount of capital and L is the amount of labor. Th

maw [93]

Answer:

Therefore new level of output = (64x0.5)*(64.0.5) = 1,024

Explanation:

Suppose the production function in an economy is Y = K0.5L0.5,

where K is the amount of capital and

L is the amount of labor.

The economy begins with 64 units of capital and 16 units of labor.

If a sudden immigration quadruples the size of the population, while the capital stock is unchanged, what is the new level of output?

K remains 64 and L= 16 x 4 = 64

Therefore new level of output = (64x0.5)*(64.0.5) = 1,024

What is the new wage and rental price of capital?

The rental price for capital is expected to remain unchanged because there is no change in the quantity of capital But the wage level is expected to drop because of excess supply due to the immigration boom.

What share of output does labor receive now?

The function remains unchanged in proportion which is 0.5 but in absolute figures it will receive 0.5*1,024 = 512

5 0

3 years ago

True or false?

Minchanka [31]

1. False
2.True
3.True

4 0

3 years ago

Which of the following is NOT one of Deming’s 14 principles of transformation for improving the practice of management? A. minim

Lelechka [254]

Answer:

Option B. Maintain barriers between departments

Explanation:

The reason is that Deming's 14 principles talk about the transformation and achieving better results by eliminating the barriers involved in transforming. Deming said that all those elements that are barrier to improvement, cost reduction and quality must be eliminated and a system of transformation must be designed that promotes constant improvement, change adoption, elimination of quotas and numerical goals, elimination of barriers between department so that better results like quality improvement and cost reduction can be achieved.

Hence saying Daming said that the barrier between departments must be maintained is wrong as it is barrier to transformation.

4 0

4 years ago

When a company attempts to appeal to the same target market across countries, for example, by using the same images and copy on

maksim [4K]

Answer:

Country culture

Explanation:

In international marketing and advertising, most of the big companies which have their branches all over the world and sell their products across the continents uses country culture to target the same market across the countries.

For example, BMW tried to bridged the cultural gap by advertising which appeals to same target market across the countries, but the only thing which changes is its language.

5 0

3 years ago

What is true about credit unions?

andre [41]

Do you have any more info

5 0

3 years ago

Read 2 more answers

expain the meaning of national credit act and consumer protection act as some of the contemporary legislation​

expain the meaning of national credit act and consumer protection act as some of the contemporary legislation