Sole trading is a business conducted by one person. A partnership is a business conducted by two or more people. Brainliest please :)
Answer:
The equivalent interest rate under continuous compounding is 5.8%
Explanation:
Annual compounding
A = P(1+r)^n
P = $1,000
r = 6% = 0.06
n = 1 year
A = 1000(1+0.06)^1 = 1000(1.06) = $1060
Continuous compounding
A = Pe^rt
A = $1060
P = $1000
t = 1 year
1060 = 1000e^r
e^r = 1060/1000 = 1.06
e^r = 1.06
r = ln 1.06 = 0.058 = 5.8%
True. It may be unethical for a company to refuse to negotiate liability claims for alleged injuries because of a faulty product.
If a company produces and sells a fault product, they are liable for what happens next. If a customer was hurt when using the product correctly, they are at fault. Ethically and morally correct would be to stand up for their product, accept responsibility and help the customer.
