Answer:
No, they don´t.
Explanation:
Forecast is not required by GAAP, as the <u>Relevance</u> and the <u>Faithful</u> <u>Representation</u> are concepts that are not compatible with data projection. Forecast implies estimates, and subjective interpretations that do not fulfill financial statements aim and are difficult to verify.
The type of externality where market equilibrium quantity produced will be more than socially optimal quantity in absence of governemtn intervention is Negative externality.
Let understand that whenever a production of good or service negatively affect the unrelated third party who is not directly involved in a market transaction, it is said that negative externality exists in the scenario.
A very good example of commonly cited Negative Externalities are air pollution and noise pollution which was caused during production an affects unrelated third party.
If there is presence of government intervention in the production, then, the production of goods or service will be halted.
Therefore, in conclusion, this type of externality is called the Negative Externality.
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Based on the description above, this is being made to address the problem of moral hazard. Moral hazard is being defined as a situation in which there is a presence of parties involved that have no complete information to one another and that could be seen in a way of which one side of the party involves in a risky event whereas the other party incurs the cost.
Independently owned and operated stores that are a member of a wholesaler-sponsored chain have agreed to use the same name, take part in chain promotions, and work together as a single system.
Unlike corporate chains, these are associations of individual retailers. In many nations, voluntary networks of retailers that participate in collective merchandising and bulk purchasing are common. Any retail establishment with two or more locations that is part of a chain and sells the same products under the same ownership. A significant portion of retail activities are carried out by chains in the Americas, western Europe, and Japan. Chain stores constitute the first successful application of large-scale integrated procedures to a form of retailing, together with the department store and the mail-order business.
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Answer:
True
Explanation:
Technical skill is refers to knowledge acquired from educational training, professional training or experience that one can easily deploy to carry out work related task. This skill has to do with the application of specialized knowledge toward solving complex work place problem. We have other types of skills like human relationship skill, analytical skill, conceptual skills e.t.c.
One of the distinguishing feature of technical skill is that it is practical.