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3 years ago

A business firm's interaction with the environment is a characteristic of an open system true or false

Business

1 answer:

Margarita [4]3 years ago

6 0

Answer:

True

Explanation:

An organization that works as an open system interacts with its environment in order to grow and continuously renew itself. This type of organization continuously receives inflows and feedback from the environment, while producing outflows into the environment.

In order for an organization to survive in the long-run, it must continuously adapt, change and grow just as any living organism. This approach is basically the standard approach used by almost all modern organizations.

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Costco requires customers to perform many shopping functions during the purchasing process and all nonessential customer service

Marrrta [24]

In this case, Costco offers <span>Self-service retailer
</span><span>Self-service retailer not only give the customers more freedom and leisure, will help costco cut down the average wages needed because it need lesser employees so they could allocte it to increase the wages for the necessary employee. </span>Currently, this model is used in almost every supermarket in all over the world.

5 0

4 years ago

The perfect home brokerage firm was found guilty of running deceptive ads. the federal trade commission might require all of the

pychu [463]

The perfect home brokerage firm was found guilty of running deceptive ads. The federal trade commission might require all of the following except Letters of apology to all affected consumers.

<h3>What is the federal trade commission?</h3>

The Federal Trade Commission is an independent agency of the United States government whose primary objective is to enforce civil antitrust law in the United States and to promote consumer protection.

The FTC and the Department of Justice Antitrust Division share authority over federal civil antitrust enforcement.

The federal trade commission is essentially a police that protects trade especially consumers.

Learn more about federal trade commission;
brainly.com/question/8244775

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4 0

2 years ago

On January 1, a company issued 6%, 10-year bonds with a face amount of $60 million for $55,736,520 to yield 7%. Interest is paid

Olegator [25]

Answer:

Effective interest on June 30 on a 6% $60 million bond at 7% effective rate is $1,950,778

The interest is treated in the books of account thus:

Debit interest expense $1,950,778

Credit Bond account $1,950,778

Explanation:

The effective interest is computed using the below formula

Amount x Effective Rate (%) = Interest Expense

Amount=$55,736,520

Effective rate =7%/2 =3.5% semi-annually

Interest expense=$55,736,520*3.5%

Interest expense=$1,950,778

6 0

3 years ago

Which describes the liability of an owner of a sole proprietorship?

Vanyuwa [196]

Unlimited

hope this helps

3 0

3 years ago

Read 2 more answers

The ______ act is a federal law that was passed in response to corporate accounting scandals involving prominent corporations,

dedylja [7]

Sarbanes - Oxley

Good luck! (:

5 0

3 years ago