Answer:
4. Adversarial
Explanation:
Adversarial means when two individuals or more are on opposing sides.
According to Lester Thurow, in the British–American "individualistic" kind of capitalism, relationships among government, management, and labor in business systems are adversarial because government and business systems tend to oppose each other. This happens when the objectives of a business are sometimes not in line with the policies of the government and vice versa.
Examples of things that could lead to adversarial effect between the government and businesses are:
a. Creation of policies, laws and regulations by the government that may not favorable for some businesses.
b. Amount of tax to be paid to the government by businesses.
c. How industrial waste can be minimized and treated before been released into the environment.
One of the ways to ease the adversarial effect between government and businesses is the formation of trade unions whereby issues related to tax, policies, regulations can be discussed by both the stake holders in business and in the government in order for both parties to be able to resolve any issues between them.
This year on the first Saturday of December, falling on December 4 this year
Answer:
$15,061.26
Explanation:
The computation of the present value for these costs are shown below:
Year Expected cash flow Discount factor at 7% Present value
1 $3,800 0.9345794393 $3,551.40
2 $4,300 0.8734387283 $3,755.79
3 $5,200 0.8162978769 $4,244.75
4 $4,600 0.762895212 $3,509.32
Total $15,061.26
Refer to the discount factor table
In international banking, a letter of credit is a promise by a bank to pay the seller a given amount if certain conditions are met.
How Does a Letter of Credit Work?
A letter of credit is frequently used in international trade to guarantee that a payment will be made to the seller promptly and in full, as guaranteed by a bank or other financial institution. In addition to requesting security from the buyer, the bank will charge a fee after providing a letter of credit, which is ordinarily a percentage of the letter of credit. Revolving, commercial, and confirmed letters of credit are a few examples of the different kinds of letters of credit.
What is the disadvantage of a letter of credit?
Inordinately costly, time-consuming, and laborious in terms of working capital and credit line usage. To satisfy the bank's coverage requirements for the buyer, additional security and collateral are required. Lengthy and time-consuming claims process that requires the seller to submit extra documents.
Learn more about a Letter of credit: brainly.com/question/3521417
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