Answer:
negative consumption externality.
Explanation:
A negative externality arises when the production or consumption of a finished product or service has negative impact (cost) on a third party.
On the other hand, a positive externality arises when the production or consumption of a finished product or service has a significant impact or benefits to a third party that isn't directly involved in the transaction.
In this scenario, your neighbor enjoys seeing the grass in his yard grow wild and free, a practice with which you disagree because it poses a danger on the people around as snakes and other poisonous animals may breed or live there.
Hence, this is an example of a negative consumption externality because it's the potential of causing you harm or endangering your life.
Internal control is defined as the procedures and processes used by a company to safeguard its assets, process information accurately and to ensure compliance with laws and regulations.
<h3>Internal control</h3>
Internal controls also include the measures a company takes to ensure its employees comply with all laws and regulations and do not steal company assets. Physical controls like door locks, area restrictions, safes and surveillance equipment are internal controls, too.
Internal controls are policies, procedures, and technical safeguards that protect an organization's assets by preventing errors and inappropriate actions. Internal controls fall into three broad categories: detective, preventative, and corrective.
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Answer:
The correct answer is letter "C": entry of large discount superstores.
Explanation:
A channel length is composed of the number of middlemen in the distribution channel of a product. The more intermediaries between buyers and sellers the larger the channel length. Under that scenario, if there are more discount superstores in a market such as Walmart or Costco manufacturers can directly offer their goods to them so consumers can find them available in their stores. The channel length would be small, then.
Answer:
Business
Explanation:
A business is a legal activity which we undertake to earn money. In this case, both Melvin and Neil work together to earn money by running pawnshop. Selling of personal items of the borrower and interest receipts are part of the operations of the business. It is not proven from the scenario that it is partnership (business type) because it is not written that both Melvin and Neil share profits and losses associated with this business.
Answer:
the highest valued alternative that must be give up to engage in an activity
Explanation:
If Mara leaves her job that pays her $50,000 per annum to start her company where she makes $200,000 per annum, her opportunity cost is $50,000. It is the next best alternative she forgoed in order to start her company.
I hope my answer helps you.