Answer:
mortgage
Explanation:
A mortgage is the most common type of loan when someone buys a house or apartment. Your bank lends you money and in exchange it takes the property title of your house or apartment as collateral until you finish paying your debt. The same applies for businesses that need to buy real property.
Raytheon focuses on leading-edge technology. Raytheon offers customers the most effective worth within the trade. Raytheon maintains a powerful network of international.
The Kent formation achieved a first-mover advantage within the strategic alliance with Bristol Corp. Once the 2 corporations fashioned a strategic alliance, they agreed to share all prices related to sales and promotion.
A strategic alliance is an appointment between 2 corporations to undertake a mutualist project where everyone retains their independence. The agreement is a smaller amount complicated and less binding than a venture, during which 2 businesses pool resources to make a separate business entity.
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Answer:
Household budget for someone aged 25 to 30 is given below.
Explanation:
Income $1,200
Particulars Budget Amount Actual Expense Difference
House Rent $300 $300 0
Utility Bills $85 $93 -8
Groceries $195 $175 20
Clothing expense $50 $78 -28
Entertainment $20 $55 -35
Laundry $5 $6 -1
Study material $10 $25 -15
Answer:
The correct option is (D)
Explanation:
Asymmetric information happens when one party to a contract or transaction is fully aware about the material facts of the product that he intends to sell. However, the other party is not aware about certain facts about the product. This is a case of asymmetric information.
A disadvantage of asymmetric information is that it could have fraudulent consequences like adverse selection. In this case, Jessica (seller) knew about the defects of the product but chose not to disclose the same and Blake makes an adverse selection without knowing the defects of the product.
This is an example of market failure due to asymmetric information.