Answer:
A) rational self-interest because he is attempting to increase his own income by identifying and satisfying someone else's wants.
Explanation:
One of economics basic premises is that human beings are rational and act on self interest. That describes both the behavior of consumers who will always try to maximize their benefits at the lowest possible cost, and entrepreneurs like Alex who will try to increase their wealth by identifying and satisfying other people's needs and wants.
<span>With just in time production, these raw materials and component parts are now delivered to the producer exactly when they are needed.
Just-in-time (JIT) production is strategy used in manufacturing and production that focuses</span> to increase the production efficiency and decrease waste and <span>reduce inventory costs.</span>
Answer:
8.108 times
Explanation:
Given:
Net credit sales = $750,000
Beginning accounts receivable = $75,000
Ending accounts receivable = $110,000
Average accounts receivables = 
= 
=$92,500
Accounts receivable turnover ratio = Credit sales ÷ Average receivables
= 750,000 ÷ 92,500
= 8.108 times
Answer:
D. Economic duress
Explanation:
Economic duress -
It refers to the condition in the contract, where the first party threatens to cancel the deal, as the other party does not agrees to the demand of the first party, is referred to as economic duress.
The condition arises in case of any major feud between the two parties, where one of the party is left with no choice, but to follow the other party.
It is a type of forceful situation.
Hence, from the given scenario of the question,
Economic duress is showcased in the question, as one party threatens to cancel the contract, unless and until the second party agrees to all the conditions.
