Answer:
Amount of interest = $ 300
Explanation:
Given:
Total number of month = 3 months (Oct, Nov and Dec)
Amount borrow = $20,000
Interest rate = 6%
Find:
Amount of interest
Computation:
Amount of interest = $20,000 x 6% x 3 months / 12 months
Amount of interest = $ 300
Answer:
D
Explanation:
Per capita GDP measures the standard of living of the people in a country. The higher the Per capita GDP, the higher the standard of living
Per capita GDP = GDP / population
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
South Korea operates a market economy compared with North Korea. A market economy leads to greater efficiency in production when compared with a command economy.
A market economy is an economy where production decisions are made by the forces of demand and supply. there is no intervention of the government in production decisions
Characteristics of a market economy
• Private ownership of means of production
• freedom of choice. Producers are free to produce what they desire
• competition among producers
• no government intervention.
A command economy is an economy where production decisions are made by the government.
Answer:
D) express agency
Explanation:
From the question, we are informed about Marlon who intends to sell a piece of real estate he owns and contracts Nita, a real estate broker, to make the sale. In the contract, Marlon authorizes Nita to make the sale at or above a minimum price he wants and the date by which he wants the sale to be completed. The contract also stipulates that Marlon should not hire another broker to sell that piece of land till the expiry of the contract period. Nita finds a suitable buyer, makes the sale in time, and is paid by Marlon for her services. In this case, the types of agency had Marlon and Nita entered into is express agency. Express agency can be regarded as an agency that is been set up through an oral or a written agreement that exist between agent and principal. This gives indication of their express intent as regards this representational status. In this agency, the written or spoken words of the principal is used in authorizing the agent so that he can to act on behalf of the principal. An agency can be regarded as contract which could be express or implied.
The answer to the question really depends on the nature of the business or the company.
Let us take for example, a food chain. The crews in this business are always reminded of the importance of washing of hand in order to avoid the occurrence of an event wherein the food being served to the customer might get contaminated.
On the other hand, if the business and the position of the subject matter does not involved handling food or other materials then, it may be acceptable for them and the manager need not remind the employees anymore.
