A limited partnership is owned by a small pool of investors; if there is only one owner, then it is a sole proprietorship.
Answer:
This would be an example of contract manufacturing.
True
Explanation:
Contract manufacturing can be defined as an international agreement between two companies in different countries to manufacture a product for the other company. It involves the arrangement by one company to receive manufactured products from another company. Contract manufacturing can also be known as international outsourcing or international subcontracting. In the contract, the company that needs the products usually stipulates the specifications of the product. In some cases, depending on the contract requirements, the company can provide the raw materials to be utilized in manufacturing.
This type of contract also specifies the expected quality of the products, quantity of products and the date of delivery of the products. The contract also provides for the testing of the products to ascertain that the quality meets the standards of the contract. Furthermore, the contract also provides for compensation in case of breach of contract.
Contract manufacturing is usually considered when the cost of production in a foreign country is much lower than in the country that is outsourcing the production.
Answer:
Myopic loss aversion
Explanation:
Loss Aversion is defined as the likelihood for individuals to strongly prefer making or avoiding losses over getting or acquiring gains.
Myopic loss aversion is simply defined as likelihood to look(focus) on avoiding short-term losses, even at the hands or expense of long-term gains. It is simply written as;
MLA = Loss aversion + mental accounting.
It is a kind of loss aversion that comprises mainly the idea that people do not see far enough into the future to invest in the right sense and as such life cycle hypothesis is forgotten or ignored.
