Credit card commercials do not show <u>2. People making </u><u>payments</u> for months or years on those credit card purchases.
<h3>What are credit card commercials?</h3>
Credit card commercials are the adverts placed on various media by credit card companies to entice individuals to sign on a credit card.
The commercials will show the great life of getting a credit card and making purchases convenient, including other enticements.
Thus, credit card commercials do not show <u>Option 2.</u>
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Answer:
<u>d. a nominal gain, but no real gain, and you paid taxes on the nominal gain.
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Explanation:
<u>Nominal gain:</u> In business, the term "nominal gain" is described as the increase or hike in the price or cost of an asset as per the "federal tax code" and is also denoted as "nominal amount" and is considered as non-adjustable for inflation. However, when a specific product or asset or stock is being sold more than its "actual price" or above its "purchase price" then a gain or profit is noted and hence is taxed.
<u>In the question above, the correct answer is option D.</u>
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Answer:
The correct answer is letter "B": efficiency wages.
Explanation:
Efficiency wage is the amount of money companies are willing to pay employees that is above the equilibrium wage in order to motivate them to increase the organization's productivity, thus, the firm's profits. This scenario implies that as workers are paid higher the unemployment rate is lower.
Answer:
A short-form merger does not require the prior approval of shareholders because it involves the merger of a subsidiary corporation into its parent corporation. For a short-form merger to occur, the parent company must own at least 90% of all outstanding stock of the subsidiary.
Appraisal rights will be available when a shareholder of the subsidiary disapproves the merger. The shareholder has the right to dissent and the corporation should pay him/her the fair market value of their stock.
Shareholders of a corporation that ceases to exist when a merger or consolidation takes place and decides to exercise his/her appraisal rights is called a dissenting shareholder.
