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QveST [7]
3 years ago
13

Item 5Item 5Chet Bowes owns his own landscaping business, including all the land on which the company grows its plants, and all

the equipment. Chet's son Josh has just graduated from college with an architectural landscaping degree. Chet hopes to retire in a few years and turn the business over to Josh, and Josh will inherit the business when Chet dies. This is an example of the ______________ in a capitalist system.
Business
1 answer:
grigory [225]3 years ago
6 0

Answer:

right to private property and inheritance

Explanation:

The capitalistic system states that individuals are allowed to own their and enjoy their own personal property. In each country laws generally subordinate the right to private property to the well being of society.  

The right to inheritance refers to the right that an individual has to decide who will own his/her properties after they pass away. Unless stated otherwise, a person's offsprings are generally entitled to inherit the person's properties.

In this case, Chet is entitled to own his landscaping business (private property) and when he passes away his son, Josh, will inherit it.

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"Auditors should be familiar with the terminology employed in IT processing. The following statements contain some of the termin
mr Goodwill [35]

Answer:

Explanation:

Step 1:

the auditor is required to provide reasonable assurance for the financial statement audited.To provide such reasonable assurance,appropriate evidence must be obtained to confirm that no material misstatement material is present in the financial statement

Step 2:

For each statement select true or false in the following manner

a. A recent improvement in computer hardware is the ability to automatically produce error listings. Previously, this was possible only when provisions for such a report were included in the program.

FALSE

b. The control of input and output to and from the information systems department should be performed by an independent data control group.

TRUE

c. An internal-audit computer program that continuously monitors IT processing is a feasible approach for improving internal control in OLRT systems.

TRUE

d. An internal label is one of the controls built into magnetic tape drive hardware by the hardware manufacturers.

FALSE

e. A limit test in a computer program is comparable to a decision that an individual makes in a manual system to judge a transaction's reasonableness.

TRUE

f. A principal advantage of using magnetic tape files is that data need not be recorded sequentially.

FALSE

g. A major advantage of disk files is the ability to gain random access to data on the disk.

TRUE

h. The term grandfather-father-son refers to a method of protecting computer records rather than to generations in the evolution of computer hardware.

TRUE

i. When they are not in use, tape and disk files should be stored apart from the computer room under the control of a librarian.

TRUE

3 0
3 years ago
Data that are observed or collected directly from respondents are called: a. primary data. b. direct samples. c. secondary data.
Anon25 [30]

Answer:

Data that are observed or collected directly from respondents are called primary data.                      

Explanation:

Primary data are data obtained directly from respondents via field survey. These data are usually collected through the use of questionnaires or interviews.

4 0
3 years ago
Suppose the market for pizzas is unregulated. That is, pizza prices are free to adjust based on the forces of supply and demand.
Ghella [55]

Answer:

The correct word for the blank space is: lower; buyers to offer higher prices.

Explanation:

In a market driven by supply and demand laws, shortages are caused because of excess in demand as a result of lower prices. Thus, that price is lower than the equilibrium price. Besides, if there is a need to push that price to its equilibrium level, sellers will have to increase the price implying buyers will have to offer higher prices.

5 0
3 years ago
The Holmes Company's currently outstanding bonds have a 8% coupon and a 13% yield to maturity. Holmes believes it could issue ne
Marina86 [1]

Answer: 8.45%

Explanation:

From the question, we are informed that Holmes Company's currently has an outstanding bonds and has a 8% coupon and a 13% yield to maturity.

We are further told that Holmes believes it could issue new bonds at par that would provide a similar yield to maturity and that its marginal tax rate is 35%.

Holmes's after-tax cost of debt will therefore be calculated as:

= Yield to maturity × (1 - Marginal tax rate)

= 13% × (1 - 35%)

= 13% × (65%)

= 0.13 × 0.65

= 0.0845

= 8.45%

7 0
3 years ago
Match each inequality or equality to the corresponding term for the monopolistic competitor operating at optimal, short-run prod
klio [65]

Pure monopoly and pure competition are the opposing limiting cases. Monopolistic competition exists between those two.

Monopolistic competition is distinguished by the fact that, despite being closely related to one another, the products of various firms are not all the same but rather differ from one another. As numerous businesses compete to sell their products, there is also a component of competition.

Price=Average Total Cost Total Revenue is equal to total cost so there

                                                is zero economic profit.  

Price>ATC                          It means that firm is earning short run

                                                economic profit.  

Price<ATC                          It means firm is earning Short Run Economic

                                                Loss  

Price> Marginal Revenue  It means firm has market power  

Price>Marginal Cost          Mark up

Learn more about Monopolistic competition, here

brainly.com/question/29617378

#SPJ4

8 0
1 year ago
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