what economic strategies did different empires adopt, and what were the causes and effects of those strategies?
Answers
Throughout history, different empires have adopted a variety of economic strategies in order to sustain their power and prosperity. Some of the most common strategies include: Mercantilism and Laissez-faire.
Mercantilism: This was a widely adopted economic strategy during the 16th to 18th centuries, particularly in Europe. The main idea behind mercantilism was to increase a nation's wealth by promoting exports, while restricting imports and encouraging the accumulation of gold and silver.
Mercantilism had a significant impact on the global economy, as it led to increased competition and colonization, and played a role in the development of capitalism.
Laissez-faire: This is a French term that translates to "let do" or "let it be". It is a philosophy that advocates for minimal government intervention in the economy. The idea behind laissez-faire is that the market should be allowed to function freely and efficiently, without any interference from the government.
This strategy was popular during the 19th century and had a significant impact on the global economy, as it led to increased economic growth and prosperity in many countries.
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Related Questions
Four years ago, sam invested in grath oil. she bought three of its $1,000 par value bonds at a market price of 93.938 and with an annual coupon rate of 6.5%. she also bought 450 shares of grath oil stock at $44.11, which has paid an annual dividend of $3.10 for each of the last ten years. today, grath oil bonds have a market rate of 98.866 and grath oil stock sells for $45.55 per share. use the scenario above to consider which statement best describes the relative risk between investing in stocks and bonds. a. it is equally likely that the company would suspend paying interest on the bonds and dividends on the stock. b. both the coupon rate and the dividend rate are fixed and cannot change. c. the market price of the bonds is more stable than the price of the company's stock. d. the amount of money received annually in interest (on the bonds) and in dividends (on the stocks) depends on the current market prices.
Answers
The statement that best describes the relative risk between investing in stocks and bonds is : The market price of the bonds is more stable than the price of the company's stock.
What is a bond?A bond is loan from an investor to a borrower such as a company or government. Here, the borrower uses the money to fund its operations, and the investor receives interest on the investment.
In the above context, the market value of the bonds of Grath Oil is more. The market price of the bond is the amount of the money to be paid in an open market to buy a bond.
Hence, the bond's market price is much more stable than the price of the company's stock. It is riskier to invest in company stocks.
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he commenced business with Rs 60000 cash and goods worth Rs 20000 .(Journal entries)
Answers
Answer:
extra Rs 40000 remaining after subtracting 20000 from
60000,the reminder is 40000.
plus what's the question i just guessed the question,cause the was no visible Q!
Carpenters, Inc., a manufacturing company, acquired equipment on January 1, 2017 for $530,000. Estimated useful life of the equipment was seven years and the estimated residual value was $14,000. On January 1, 2020, after using the equipment for three years, the total estimated useful life has been revised to nine total years. Residual value remains unchanged. The company uses the straight-line method of depreciation. Calculate depreciation expense for 2020. (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
A. $50,476B. $58,889C. $49,143D. $57,333
Answers
Answer:
The depreciation expense for 2020 is C. $49,143
Explanations :
Straight line method charges a fixed amount of depreciation for the period of use of an asset.
Depreciation Charge = (Cost - Residual Value) / Estimated useful life
2017
Depreciation Charge = ($530,000 - $14,000) / 7 years
= $73,714.29
2018
Depreciation Charge = $73,714.29
2019
Depreciation Charge = $73,714.29
2020
The estimated useful life is now estimated at 9 years in total (hence 6 years remaining) and the residual value remain unchanged.
Depreciation Charge = (Cost - Accumulated depreciation to date - Residual Value) / Remaining useful life
= ($530,000 - $73,714.29 - $73,714.29 - $73,714.29 - $14,000) / (9 - 3) years
= $294,857.13 / 6 years
= $49,142.855 or $49,143 (to the nearest dollar.)
Conclusion :
The depreciation expense for 2020 is $49,143 (to the nearest dollar.)
Management at work you are the proud owner of a small vintage clothing store. your store, fantastic 40s, specializes in clothing from the 1940s. you have four great employees, rebecca, rachel, roberto, and rafael. at first, business was good, but, recently, you have noticed that sales are slipping. puzzled, you turn to your management textbook for some ideas on how to turn things around.
Answers
Answer:
You measure sales over time and realize that the months of July, August, and September are particularly slow. As a result, you ask two of your sales clerks if they would be willing to work part-time during those months. Management Science.
Management science refers solving problems and making decisions in a company in order to move it forward. By preferring solutions to the problem of slow sales over some months, you have engaged in management science.
You make sure that when you hire new people, you get input from each of the existing team members. if they're happy with the new hire, they're more likely to make that person part of the team, and the team will sell more. Humanistic Management Theory.
With Humanistic Management, the needs, wants and thoughts of employees are taken into account when making decisions because employees are not viewed as simple assets to the company but as humans who are complex. By finding out what your employees think of a new hire you are engaging in the Humanistic theory.
You notice that when customers have too many choices, they are less likely to make a decision about what to buy, so you tell all of your employees to bring out only three things at one time. In addition, you start to pay your employees a commission for every item they sell. Classical Management theory.
Classical management is based on certain premises such as the needs of employees being either physical or economic as well as profit maximization. By offering commissions as incentives you are appealing to the economic need of your employees. By engaging in practices aimed at getting people to buy more, you are engaging in profit maximization.
A customer survey shows that the men who come into the store would prefer to be left alone while they shop, but the women who come into the store want to be asked if they need assistance. you tell your employees to leave men alone and ask women if they want help. Contingency Theory.
Contingent Theory shows that for each situation in a company, it is best to manage it based on the internal and external factors affecting it. In this case men don't need help but women prefer it. Offer help to women but not to men. You are therefore basing actions on the factors affecting this situation.
explain the importance of an office for the successful functioning of organisation ? (Long question answer)
Answers
Answer:
An office is a location the management of a business can use for the planning, organization, control, direct, and recruit staffs for a business. An office is the place information records are kept and it is used as the channel through which the business makes communication with other businesses, individuals and the public.
The smooth operations of an organization requires the availability of an office as it is the place the business activities are performed
An office is as important to an organization as the brain is to the body of a living organism
Explanation:
Assume that a business firm finds that its profit is greatest when it produces $40 worth of
product A. Suppose also that each of the three techniques shown in the table below will produce the desired output: LO3
a. With the resource prices shown, which technique will the firm choose? Why? Will production using that technique entail profit or loss? What will be the amount of that profit or loss? Will the industry expand or contract? When will that expansion or contraction end?
b. Assume now that a new technique, technique 4, is developed. It combines 2 units of labor, 2 of land, 6 of capital, and 3 of entrepreneurial ability. In view of the resource prices in the table, will the firm adopt the new technique? Explain your answer.
c. Suppose that an increase in the labor supply causes the price of labor to fall to $1.50 per unit, all other resource prices remaining unchanged. Which technique will the producer now choose? Explain. Chapter 02 - The Market System and the Circular Flow 2-4
d. "The market system causes the economy to conserve most in the use of resources that are particularly scarce in supply. Resources that are scarcest relative to the demand for them have the highest prices. As a result, producers use these resources as sparingly as is possible." Evaluate this statement. Does your answer to part c, above, bear out this contention?
Answers
Suppose also that each of the three techniques shown in the table below will produce the desired output. The firm will choose technique 2 because it represents the least-cost combination profit.
a. The answer to other parts of this question is that there will be profit using that technique. The amount of profit will be $6. The industry will expand.
Add the price per unit of each resource multiplied by the amount of the resource used by the approach. The cost of technique 1 is, for example, $3 5 (labor cost) + $4 2 (land cost) + $2 2 (capital cost) + $2 4 (entrepreneurial cost) = $15 + $8 + $4 + $8 = $35.
The identical procedure is followed for methods 2 and 3. The corporation will select procedure 2 since it generates the most production at the lowest cost ($34 vs. $35 for techniques 1 and 3).
The industry will grow since the economic profit will be $6 (= $40 - $34). Growth in this business will continue until prices fall to the point where total revenue equals total cost of $34 and no new firms desire to participate.
b. Imagine a new technique, technique 4, is developed presently. It combines two units of labor, two units of land, six units of capital, and three units of entrepreneurial aptitude. Yes, based on the resource prices in the table, the firm will implement the new technique.
c. The producer will choose technique 1.
d. Yes, the answer to part c bear out this convention.
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Correct question:
Assume that a business firm finds that its profit is greatest when it produces $40 worth of product A. Suppose also that each of the three techniques shown in the table below will produce the desired output.
Resources $unit 1 2 3
labor 3 4 5 3
land 4 2 4 2
capital 2 2 4 5
ente. ability 2 4 2 4
a. With the resource prices shown, which technique will the firm choose?
Why?
Will production using that technique entail profit or loss?
What will be the amount of that profit or loss?
Will the industry expand or contract?
b. Assume now that a new technique, technique 4, is developed. It combines 2 units of labor, 2 of land, 6 of capital, and 3 of entrepreneurial ability. In view of the resource prices in the table, will the firm adopt the new technique?
c. Suppose that an increase in the labor supply causes the price of labor to fall to $1.50 per unit, all other resource prices remaining unchanged. Which technique will the producer now choose?
d. Evaluate this statement: "The market system causes the economy to conserve most in the use of resources that are particularly scarce in supply. Resources that are scarcest relative to the demand for them have the highest prices. As a result, producers use these resources as sparingly as is possible." Does your answer to part c, above, bear out this contention?
"Development of society means the transformation of society." Elucidate it by giving examples .
Answers
Answer:
Development of society means transformation of the societies structure and its relations. For there to be a development in a society, its structure has to be changed.
Explanation:
Development of society means transformation of the societies structure and its relations. For there to be a development in a society, its structure has to be changed.
Over the years, various rules and regulations restricting the activities of people living in society have been made. Some of these regulations have been positive while some negative. This has lead to various society transformation like from simple to complex, unity to diversity, uncivilization to civilization and primitive and so on.
For there to be development they have to be transformation.
the posting reference should always be recorded in the journal's post. ref. column before amounts are recorded in the ledger.
Answers
The given statement about recording posting reference in the journal's post ref column before amounts are recorded in the ledger is False.
The posting reference should always be recorded in the journal's post-ref column after the amounts are recorded in the ledger. One of the key strategies for maintaining the accuracy and completeness of your books is the post reference, or PR, column. A transaction is "posted" in accounting when it is entered into the journal and/or account ledgers. A post reference is a code that can direct someone looking at a particular account ledger (such accounts payable or accounts receivable) to the appropriate entry in the journal, or vice versa. A ledger is a main book of accounts used to organize the transactions entered in a journal. On the day of the transaction, the journal entries are entered in reverse chronological order.
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Which type of borrowing option would most likely result in the borrower
paying the highest amount of interest?
A. A card with a high compound interest rate
OB. A card with a low simple interest rate
ООО O
C. A card with a low compound interest rate
D. A card with a high simple interest rate
Answers
Answer:
A. A card with a high compound interest rate
Explanation:
it is most likely to result in the borrower
Assuming efficient markets, by how much do you expect a firm's stock price to increase when the market learns it has accepted a project whose NPV is $15 million? The firm has 86 million shares outstanding. Round your answer to the nearest penny.
Answers
An understanding of the efficient market hypothesis, which posits that stock prices always fully reflect all available information and therefore cannot be consistently outperformed by individual investors or groups of investors. The correct answer is approximately $0.17 per share, rounded to the nearest penny.
Assuming efficient markets, the stock price of a firm is expected to increase by the full amount of the NPV of a new project once the market has fully incorporated the information into its pricing. Therefore, if a firm's NPV is $15 million and it has 86 million shares outstanding, the stock price increase can be calculated by dividing the NPV by the number of shares outstanding. This gives a result of approximately $0.17 per share, rounded to the nearest penny.
It is important to note, however, that efficient markets are not always perfect and can be influenced by various factors such as investor sentiment and behavioural biases, which can lead to temporary price deviations from their fundamental values.
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Which one of the following statements is correct?
a. Cost can be controlled only by those who are managing the project
b. Cost can be controlled only by those who are managing the project risk
c. Cost can be controlled only by those who are doing the spending
d. Cost can be controlled only by those who are doing the work
Answers
The correct statement is "Cost can be controlled only by those who are doing the work." Option D.
This statement reflects the principle of responsibility assignment in project management, according to which each team member is accountable for their task or activities.
Cost management is a crucial aspect of project management, which requires the involvement of the entire project team, not just the managers.
Therefore, team members who are responsible for carrying out the activities are required to be cautious in their approach to carrying out the assigned task to control the cost and keep it within the allocated budget. It is essential for them to understand the scope of the work and execute it effectively and efficiently.
In conclusion, the statement "Cost can be controlled only by those who are doing the work" highlights the importance of assigning responsibility and accountability to the team members to ensure the cost of the project does not exceed the allocated budget.
Hence, the right answer is option D.
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What is Digital Transformation? 2. Main fields and contents of digital transformation in business activities 3. Difficulties/challenges in corporate digital transformation
Answers
Digital Transformation refers to the process of utilizing new-age digital technologies to transform the conventional methods of conducting business activities.
It is an approach that companies adopt to revolutionize their processes, operations, and performance by leveraging cutting-edge technologies. Some of the benefits of digital transformation include; enhancing business agility and flexibility, improved employee productivity, better customer engagement, and improved efficiency and cost optimization. It involves understanding and mapping the customer's journey and using technology to improve customer interactions.
Process Optimization: It refers to optimizing business processes with digital tools to reduce cost, increase efficiency, and minimize errors.With the increasing digitization of business processes, data security and privacy are becoming a growing concern for businesses. Companies need to implement security protocols and ensure that their data is protected from cyber threats.
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PLEASE ANSWER QUICK!!! I WILL GIVE BRAINLIEST AND 50 POINTS!!!
Answers
The answer is number 4
..
Beginning raw materials inventory $ 4,100raw materials purchases 5,600ending raw materials inventory 4,600direct labor expense 2,600the amount of direct materials used in production for the year is:_______.
Answers
The amount of direct materials used in production for the year is $5,100.
What is the total cost of direct materials used in production?To determine the amount of direct materials used in production, we need to consider the changes in raw materials inventory and the direct materials purchases.
The formula to calculate direct materials used is: Direct Materials Used = Beginning Raw Materials Inventory + Raw Materials Purchases - Ending Raw Materials Inventory.
In this scenario, the beginning raw materials inventory is given as $4,100, the raw materials purchases amount to $5,600, and the ending raw materials inventory is $4,600.
By substituting these values into the formula, we can find the direct materials used in production.
Direct Materials Used = $4,100 + $5,600 - $4,600 = $5,100.
Therefore, the amount of direct materials used in production for the year is $5,100.
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how many tines in earth does the sun intersect equartor
Answers
Answer:
два
Explanation:
The main types of markets are called _____.
residential
consumer
industrial
customer
Answers
ESTIMATING COSTS
ACTIVITY 1- Scenario: Margaret has recently opened up her own
Beauty Salon in Abu Dhabi. She has been operating for the last 6
months as a sole trader.
List Margaret's costs for her business below:
Fast plz
Answers
Answer:
Opening your own hair salon is a milestone for any hairdresser. You may be wanting to open a salon so that you are self-employed. You may also be wanting to provide your own clients with services that align with your vision of what a hairdressing experience should be. However, opening a hairdressing salon is a big responsibility, even if you have previous experience in the hairdressing industry.
One of the most important things you will need to consider when planning to open a hairdressing salon is how to structure your business. Your business structure is the legal framework of your business. It has the potential to reduce your exposure to financial risk and enable flexibility for growth. The wrong business structure for a new business may be costly and may not be suited to your business goals. This article considers four popular business structures and their suitability for hairdressing businesses.
1. Sole Trader
If you are starting a hairdressing salon on your own or are wanting to freelance, you may choose to operate as a sole trader. As a sole trader, you will have full control and autonomy of the running your business. This structure is usually relatively easy and cheap to set up. It also has minimal legal formalities.
To set up as a sole trader, you will need an Australian Business Number (ABN). If you intend to trade under your own name, then you don’t need to register a business name. However, if you plan to operate under a different name, you simply need to register a business name with the Australian Securities and Investments Commission (ASIC).
Although it has an easy setup, this structure does come with risk. If any of your clients sue you or you incur any debts, you will be personally responsible. This means that if you can not repay these debts from the funds of the business, you will have the repay the debt from your own personal finances.
Also, as a sole trader, you have limited resources available to fund the growth of your business. You will need to rely on:
personal savings;
loans; and
business profits.
You cannot raise funds from the general public. Being a sole trader may also not be the most tax-effective decision. This is because a sole trader is liable to the same tax rate applicable to individual taxpayers on income earned. You should check this with an accountant or tax lawyer.
2. Partnership
If you plan to open your hairdressing salon with one or more business partners, you may choose to enter into a partnership. Similar to a sole trader, the setup is simple and has minimal upfront costs. You will require an ABN for the partnership and most partnerships also register a business name.
It is also important for the partners to enter into a partnership agreement. This agreement governs the relationship between partners and sets out key terms, which may describe:
how the business will be managed;
how the profits will be shared;
who will fund the partnership;
how you or your partners can sell your share in the business; and
the process for managing disputes.
However, setting up a partnership also comes with risks. Like a sole trader, if someone sues you or you go into debt, your personal assets and finances will be at risk.
Additionally, partnerships involve joint liability. Therefore, you may be personally liable for business debts owed by any of the other partners. The amount owed is not divided proportionally according to your percentage of ownership in the business, so you could be responsible for paying the entire amount.
Like a sole trader, you cannot raise funds from the general public to fund the growth of your business. You will need to rely on:
the savings of each partner;
loans; or
business profits.
However, unlike a sole trader, you can look to bring on more partners to increase the pool of funds available for the business.
3. Company
Whether you are operating your hairdressing salon on your own or with other business partners, you may decide to operate as a company. A company is a separate legal entity. This means it is capable of suing and being sued. It also holds assets in its own name and can enter into contracts in its own name.
There are two key players involved in the management of a company. These are shareholders and directors. As the founder of your business, you will usually be both a shareholder and a director of the company that you establish. Any other business partners may also take on these roles.
hope it helps
Jarvis Company produces a product that has a selling price of $25 and a variable cost of $17 per unit. The company's fixed costs are $63,000. What is the break-even point measured in sales dollars
Answers
Answer:
The break-even point measured in sales dollars is $8
______ risk is reduced as more securities are added to the portfolio. Multiple select question. Marketwide Diversifiable Unsystematic Company-specific
Answers
Answer:
a. diversifiable b. company-specific d. unsystematic
Explanation:
the monetary control act of 1980 extended the fed's authority to a. impose required reserve ratios on all depository institutions. b. control the discount rate. c. control the federal funds rate. d. all of the answers are correct.
Answers
The monetary control act of 1980 extended the fed's authority to Impose required-reserve ratios on all depository institutions. Option A.
The Financial Regulation Act of 1980 fundamentally changed the Federal Reserve's role in the interbank clearing market. Among other things, the law obliged the Fed to give all custodians equal access to its payment services and to price those services competitively. granted access to the Federal Loan Reserve.
Check Clearing Services and other services provided by the Federal Reserve. Supervised and regulation of financial institutions and activities. The Federal Reserve promotes the safety and soundness of individual financial institutions and oversees their impact on the financial system as a whole. The Federal Reserve Reform Act made the Federal Reserve more transparent to congressional oversight. A law that expands the power to flexibly regulate interest rates on deposits.
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Read the stage direction: As the first of the mob reaches the bottom steps. The screen door opens and Goodman comes out, a man in his early forties who first greets them smiling and then letting the smile fade as he sees the faces. Based on the stage direction, what should the reader visualize? *
a group of people calmly approaching Goodman’s home
a group of confused people rushing to safety at Goodman’s home
a group of angry people approaching Goodman’s home
a group of people rushing to save Goodman from the outage
Answers
Answer:
C.
Explanation:
A group of angry people. L(-_-)\
\
Answer:c lol angry people
Explanation:
how to find the total equivalent of the resistor
Answers
To find the total equivalent of the resistor, follow these steps:
1. Identify the configuration of resistors in the circuit - they can be either in series or parallel.
2. For resistors in series, simply add the values of all the resistors to find the total equivalent resistance.
Formula: R_total = R1 + R2 + R3 + ...
3. For resistors in parallel, use the reciprocal formula to find the total equivalent resistance.
Formula: 1/R_total = 1/R1 + 1/R2 + 1/R3 + ...
4. If the circuit contains a combination of series and parallel resistors, break the circuit down into smaller sections and find the equivalent resistance for each section. Then, combine the equivalent resistances using the appropriate formula for series or parallel configurations.
By following these steps, you'll be able to find the total equivalent of the resistor in the circuit.
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Select the correct answer.
Karson is a manager in a bottle manufacturing company. He wants to check whether 100 bottles were produced and dispatched to the market. Which
department should he consult?
OA human resources
OB. operations
OC. finance
OD. marketing
Answers
Answer:
B. Operations
Explanation:
Karson should consult the operations department to find out if 100 bottles were produced and dispatched to the market, as the operations department would have oversight over such production and shipping tasks.
according to the standards of the profession, which of the following sources of information should a cpa consider before signing a clients tax return? i. information actually known to the cpa from the tax return of another client ii. information provided by the client that appears to be correct based on the clients returns from prior year
Answers
As a Certified Public Accountant (CPA), it is essential to ensure that the information provided on a client's tax return is accurate and complies with the professional standards of the industry.
Therefore, a CPA should consider all sources of information that are relevant to the client's tax return.
In regards to the sources of information mentioned in the question, a CPA should consider both options, i.e., information actually known to the CPA from the tax return of another client and information provided by the client that appears to be correct based on the client's returns from prior years.
When considering information known to the CPA from the tax return of another client, the CPA should ensure that the information is relevant to the client's tax return and that it is accurate.
The CPA should also make sure that the information is not confidential and can be used for the current client's tax return.
In conclusion, a CPA should consider both options, i.e., information actually known to the CPA from the tax return of another client and information provided by the client that appears to be correct based on the client's returns from prior years, before signing a client's tax return.
However, a CPA should also consider other relevant sources of information and maintain appropriate documentation to ensure compliance with the professional standards of the industry.
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Under the product liability theory of strict liability as expressed in the Restatement (Second) of torts, what is an essential fact that must be present if strict liability may be used in a lawsuit as the basis for recovery
Answers
Answer:
A). The product must be unreasonably dangerous.
Explanation:
The 'product liability theory of strict liability' law may consider the manufacturer or retailer liable for injuries caused by the use of their product even if that product has been designed safely for the consumers and it contains a warning label also that clearly states the harm it may cause. But the application of strict liability takes place only on the condition of 'the product being unreasonably dangerous' and the risk of harm(as thought by manufacturer) surpasses the advantages. Thus, option A is the correct answer.
Float is defined as the:Multiple Choiceamount of cash a company can immediately withdraw from its bank account.difference between book cash and bank cash.change in the cash balance from one accounting period to the next.
Answers
kama bought 20 shares, each costing $750. she decides to resell her shares for $17,250. she pays 16% commission. calculate kama's income after selling her shares.
Answers
Kama's income after selling her shares, taking into account the 16% commission she paid, is $14,490.
To calculate Kama's income, we first need to calculate the total cost of the shares she bought, which is 20 x $750 = $15,000. When she sold her shares, she received $17,250, but she had to pay a commission of 16% of that amount, which is 0.16 x $17,250 = $2,760.
So her income after selling her shares is the difference between the amount she received and the commission she paid, which is $17,250 - $2,760 = $14,490.
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Answer:
-510
Explanation:
Create a Business Model Canvas for Innovative Marketing
Agency
(Marketing agency creates ads using holograms)
Answers
The Business Model Canvas (BMC) is a visual representation of the business model of an organization. BMC is a strategic management template that can be used to develop new business models or evaluate existing ones. BMC allows a company to describe, design, and evaluate a new or existing business model effectively. The following is a BMC for an innovative marketing agency that creates advertisements using holograms.
Key Partners
- Partners who supply hologram-related technologies
- Clients
- Marketing firms
- Advertisers
Key Activities
- Design and produce hologram-related advertisements
- Develop marketing campaigns
- Create market reports
- Develop and deliver new products/services
Value Proposition
- Provides innovative advertisement solutions using hologram technology
- Innovative advertising campaign development and implementation
- Customized market reports
- Provides a competitive advantage to clients
Customer Relationships
- Personalized advertising solutions
- Feedback and review
- Dedicated account manager
Customer Segments
- Advertisers
- Marketing firms
- Companies and organizations
- Small business owners
Key Resources
- Hologram-related technologies
- Skilled human resources
- Customer database
- Marketing and advertisement expertise
Channels
- Online advertisements
- Social media advertising
- Printed advertisements
- Events and conferences
- Exhibitions
Cost Structure
- Salaries and wages of employees
- Technology and equipment
- Research and development
- Office space
- Advertising and marketing expenses
Revenue Streams
- Service fees
- Advertising and marketing fees
- Commissions from partner sales
- Royalties from the use of hologram technology.
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HELPPP
As technology continues to become a bigger part of our lives, it is also becoming a big part of the restaurant world with some fast food restaurants even using large touch screens where customers can place their orders, pay at the machine, and then wait for their order number to be called. What are these high-tech machines called?
A. technological food service
B. self-serve food ordering
C. non-restrictive food ordering
D. automated food ordering system
Answers
Answer: self-serve food ordering
Explanation:
Self-service kiosks or self-ordering kiosks are customer-facing devices that allow customers to place orders and make payments without the assistance of a cashier.
the benefit, interest or value that induces the parties to enter into a contract, is known as:
Answers
The benefit, interest, or value that induces the parties to enter into a contract is known as consideration.
Consideration is a fundamental element of a contract and refers to something of value that is given or promised by one party in exchange for something of value from the other party. It can take various forms, including money, goods, services, promises, or forbearance to act. Consideration is what distinguishes a contract from a gratuitous promise or a gift.
For a contract to be legally enforceable, there must be a mutual exchange of consideration between the parties involved. Each party must provide something of value or incur a legal obligation as part of the agreement. Consideration ensures that both parties have a vested interest in fulfilling their obligations under the contract.
In summary, consideration is the benefit, interest, or value that motivates parties to enter into a contract and is a crucial element in the formation of a legally binding agreement.
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