Answer:
They are not perfect sciences. You are never 100% sure of the consequences and outcome of a remedy. Medicine is a practice and economics is also a practice.
Explanation:
Applied sciences are fields of study where there is use of existing knowledge for some practical purpose.
Exact or natural sciences on the other hand provide basis on which applied sciences are practices.
Medicine and economics are applied sciences because there is no 100% certainty of the consequences or outcome of a remedy.
Economics is a social science that analyses human behaviour that is assumed to be mostly rational. However it is not an exact science because lack of consensus on hypotheses, lack of testable hypotheses, and political polarisation amongst economists.
Medicine is also not an exact science but a practical application of the knowledge of treating illnesses. In practice the outcome of treatments are not always 100% sure
Answer:
Our company will recognize the loss on its next statement date.
Explanation:
The exchange rate between two currencies is the rate at which one can be exchanged for the other during trade.
The stronger a currency the less of it will be involved in the exchange, while the weaker the currency the more of it will be required in the exchange.
In this instance the transaction is Euro based. When the payable was incured the rate was $1.2 to €1.
Now the rate has increased to $1,27 per €1. This implies that the company will lose 1.20 - 1.27= -$0.07 per every Euro.
This loss will be recorded on the next statement date.
I would say workplace but i need more context.
A.) individual ps decide what to produce
Answer:
Strict Liability should be retained
Explanation:
Product liability refers to the liability that shall be assumed by the manufacturer in the case the product turns out to be faulty and consumer sustains loss or injury owing to it.
Strict liability clause refers to manufacturer being held responsible for all the individuals who may sustain an injury with or without any fault in the product. Under this, the injured whether he is the buyer or any third person who suffers an injury can sue the manufacturer for damages.
The strict liability clause is too harsh on the manufacturer since without any fault in the product, it makes the manufacturer or seller liable for product liability. Thus it has been opposed generally by the consumer groups.