Answer:
B. special business standards.
Explanation:
In this scenario, Stitches Corporation enters into a contract to sell denim clothing to Trend Fashion Company, which in turn sells the clothing to consumers. In contrast to standards that apply to consumers, the uniform commercial code (UCC) imposes on merchants is the special business standards.
The uniform commercial code (UCC) is a set of standardized business laws which are put in place for the regulation of financial contracts and commercial transactions used across different states in the United States of America.
<em>There are special rules known as the special business standards that are set up by UCC governing the merchants and the sales of goods in the Article 2 of the uniform commercial code. </em>
Answer:
d. synergism.
Explanation:
Given that the term synergism is a term that describes the process of interaction between two or more parts or groups to give rise to a combined result that is greater than the sum of its parts or groups.
Hence, in this case, when the managers in a marketing department produce a marketing plan that is "greater than the sum of the parts contributed by individual managers," this is an example of: SYNERGISM
Answer: $1,035,000
Explanation:
In recording the cost of the long term bond, we record only the amount we paid to get it and not the interest we paid on it.
In this case we Kern Company paid for the bonds at 102 of par (par is 100) AND paid brokerage fees as well.
This means that the cost to be recorded is,
= 1,000,000 * (102/100) + 15,000 ( brokerage fee)
= $1,035,000
The amount to record as the cost of this long-term investment in bonds is $1,035,000
Characteristics of monopoly:
-Price is higher than in other market structure (competition drives the prizes down)
There are significant barriers to entry (these barriers are what allows the monopoly to remain in place)
Characteristics of competition:
an efficient quantity
is produced (market regulates what this quantity is)
Firms can earn positive economic profit in the long run. (in a monopoly they are not given this chance)
Firms have no market power.
(this is true: the other companies, other than the monopoly have no power)