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ipn [44]
3 years ago
9

What characteristic is somewhat shared by perfect competition and

Business
1 answer:
kakasveta [241]3 years ago
8 0

Answer:

Ease of entering

Explanation:

The main difference between perfect competition and monopolistic competition is that firms sell a similar product in perfect competition. In monopolistic competition, firms sell differentiated products.

In both market structures, their many seller and buyers. There is the ease of entry and exit for suppliers. In both markets, there are no dominant suppliers.

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The Sarbanes-Oxley Act in 2002 was created to protect consumers against false advertising by monopolies.
Igoryamba

The statement "The Sarbanes-Oxley Act in 2002 was created to protect consumers against false advertising by monopolies." is false.

Sarbanes-Oxley Act placed the obligation of responsibility for a company's financial reporting squarely on the shoulders of its top executives in order to safeguard investors from corporate accounting fraud.

It required chief executive officers (CEOs) and chief financial officers (CFOs) to personally attest to the correctness of the information in financial reports and to affirm that controls and procedures were in place to evaluate and verify that accuracy.

In reality, CEOs and CFOs had to personally certify that financial reports complied with Securities and Exchange Commission(SEC) rules by signing them. Failure to comply with this might result in fines of up to $15 million and 20-year prison terms.

Hence, the given statement is false.

Learn more about the Securities and Exchange Commission:

brainly.com/question/3798508

#SPJ1

3 0
2 years ago
Which best states the main difference between a monopoly and pure competition?
Brut [27]
When you have a monopoly you have a product or service on the market with no competition. On the flip side, in a pure or perfect competition there are various competitors selling the same product or service as you. The main difference between these two are that a monopoly involves no competition at all while a pure competition involves a high level of competition. (the first choice)

The second choice is incorrect because it is harder to establish a product in a pure competition market because you are competing with other companies. 

The third choice is incorrect because a monopoly refers to a company with a product or service and no competition whereas a pure competition refers to one with the same products or services. 

The forth choice is incorrect because they can be present in various economy structures.

3 0
3 years ago
Read 2 more answers
들 (a) What are the entrepreneurial opportunities you can find in retail sector in india?​
dexar [7]

Answer:

It generates huge employment opportunities. This has changed the face of retailing in India. As the sector is booming in India, a career in retail sector is promising a growth potential for the ambitious youngsters.

The candidates are trained in supply chain management, finance management, marketing information, electronic retailing, marketing and business communication, customer relationship etc. With rapidly expanding departmental stores and huge shopping malls, plenty of job opportunities are opening all over India.

Sales and related jobs

Store manager

Visual merchandiser

Regional sales manager

Finance and accounting

Explanation:

Hope it helps

8 0
3 years ago
two sustainable ways in which businesses could assist the schools to ensure that school leavers are better prepared for the work
Ainat [17]
They could provide internships towards graduates to allow them to acquire working experience.
They could also provide training to help graduates have an understanding of what they are expected of in the workplace.
7 0
2 years ago
Your retirement account has a current balance of $50,000. You plan to add $6,000 a year to the account for each of the next 30 y
enot [183]

Answer:

21.45%

Explanation:

Remaining amount to have $1,000,000 = $1,000,000 - $50,000 = $950,000

Using the interest rate function RATE(nper,pmt,pv,fv) in the excel, we obtain an interest rate of 21.45%

Where,

nper = number of period = 30

pmt = annual payment

pv = present value which has a default value of 0.

fv = future value = $950,000

Note: Find attached the excel sheet to see result.

Download xlsx
4 0
3 years ago
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