Businesses often engage in a variety of tactics to influence government policy. This includes lobbying, political contributions, and interest group politics.
<span>The laffer curve makes the point that cutting a very high marginal tax rate can raise the tax base enough so that tax revenues actually rise. The Laffer Curve is a theory that was developed by Arthur Laffer. The theory explains the relationship between tax rates and how much tax revue the government creates. </span>
Answer:
Letter c is correct. <u>It encourages participation from everyone.</u>
Explanation:
People are encouraged to participate in a nominal group technique because it is comprehensive to all participants.
This technique consists of creating group dynamics where each member can express their opinion about what is being proposed by voting, independently and silently, which consequently encourages the breakdown of shyness and reduces the pressure on the participant. This technique has positive effects by balancing the participation of all people and by motivating the group's sense of belonging and effectiveness.
Answer:
Void
Explanation:
Void is the term of law, which is defined as the contract is not valid currently, and the parties of the contract are not held to its terms. The void contract is the one which is generally unenforceable.
The contract could be void because of many reasons like the contract need one party to perform that act which is impossible or in that case, where one party is not mentally incompetent.
So, in this case, the contract is most likely to be void as the contract with the party who is mentally incompetent, though the party has not been adjudged through court.
Answer: A. You would raise your policy premium substantially and Sam would not accept because he doesn't know about the Japanese.
Explanation:
In such a scenario as the one described above, the best option as an Insurance Agent is indeed to raise premiums substantially.
As the Japanese will most probably get to market first with the new Mayonnaise Substitute, they will have the rights to it's invention and could even patent it.
This means that Sam and SCAM will most likely suffer a loss as a result of this.
As there is such a high chance of loss, charging a substantially higher premium to enable coverage is only logical and makes business sense.
Sam does not know however that the Japanese are so far ahead and having rejected a substantially lower offer, will reject the newer, substantially higher one as well.
