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sdas [7]
3 years ago
15

A(n) ______ is a document that specifies the conditions under which an exchange is to occur, detailing the rights and obligation

s of the involved parties.
Business
1 answer:
Ann [662]3 years ago
8 0

Answer:

<em>A(n) </em><em><u>contract</u></em><em> is a document that specifies the conditions under which an exchange is to occur, detailing the rights and obligations of the involved parties.</em>

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If the economy is initially at long-run equilibrium and aggregate demand declines, then in the long run the price level:
ahrayia [7]

Answer:

The correct answer is option c.

Explanation:

In an economy, in the long run, the aggregate supply is fixed. The aggregate supply curve is a vertical line. This is because, in the long run, supply remains unaffected by price level. The increase in product price is balanced by an increase in input prices. So the supply does not change with change in the price level.  

In the long run, the supply changes with change in the availability of resources and change in technology. So when the aggregate demand declines, the demand curve shifts to the left. The equilibrium quantity remains the same but the price level declines.

It is also evident in the figure attached.

3 0
3 years ago
Rudy is looking at career options for his future. His parents will cover most of his living expenses while he prepares for his c
Alex17521 [72]

Im really not sure but maybe its 3?

5 0
3 years ago
In double-entry bookkeeping, what goes in the left
Nadya [2.5K]

Answer:Double-entry bookkeeping, in accounting, is a system of bookkeeping where every entry to an account requires a corresponding and opposite entry to a different account. The double-entry has two equal and corresponding sides known as debit and credit. The left-hand side is debit and right-hand side is credit.

Explanation:

5 0
3 years ago
Which corporate officer, when he or she is guilty of serious misconduct, can subject the firm to the heavy losses in financial w
Norma-Jean [14]

Answer: The correct answer is "CFO".

Explanation: A CFO (Chief Financial Officer) is responsible for the economic and financial planning of the company. It is who decides the investment, financing and risk in order to increase the value of the company for its owners (whether shareholders or partners). It provides financial, accounting knowledge and in general an analytical look at the business. In many cases he is also the strategic affairs advisor for the CEO.

Therefore, if he is guilty of serious misconduct, he may subject the company to large losses in financial wealth.

7 0
3 years ago
Burger Emporium Inc. is currently losing $100,000 per year on its Zhou Burger product line. The revenue from the Zhou Burger is
Mekhanik [1.2K]

Answer:

The correct answer to the following question will be "keeping the product line since they would lose an extra $40000 if they dropped".

Explanation:

                                              Keep                                         Drop

Loss                             $100000 (given)                                    -

Fixed asset loss                      -                                     (300000-160000)

                                                                                   

Loss                                     $100000                                    140000

If dropped, so the $40000 damage would be included. Such that the correct approach is "keeping the product line since they would lose an extra $40000 if they dropped."

4 0
3 years ago
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