the short run average total cost curve reaches it minimum value at an output level greater than that associated with the minimum value of average variable cost because the short run average total cost curve reaches it minimum value at an output level greater than that associated with the minimum value of average variable cost because of constant returns to scale. of external economies of scale. of economies of scale. it includes average fixed cost. of external diseconomies of scale.

A group of religious traditionalists, strict, plain, do not use modern technology, and really great cooks describe the Amish community.

Learn more about modern technology: https://brainly.com/question/24518752

#SPJ11

The fundamental components necessary for the agreement to be a legitimate offer and acceptance, appropriate consideration, capacity, and legality are: mutual assent stated by them; adequate consideration; adequate consideration; and capacity.

What is specific quality standards and termination provision?

Documents that give rules, specifications, guidelines, or characteristics that may be applied consistently to guarantee that materials, products, processes, and services are appropriate for their intended use are referred to as quality standards.

In project management (PM), the term "quality standards" refers to the paperwork that specifies the needs, rules, and principles for achieving consistent quality across projects from the beginning through all phases till conclusion. A contract must have many essential components in order to be legally binding: clearly stated conditions (contract terms), consent from both parties, who must be of sound mind; and legality (i.e., the agreement cannot be related to criminal acts). Most people sign contracts several times throughout the course of their lives.

Learn more about specific quality standards:

https://brainly.com/question/14317954

#SPJ1

The number of irons demanded at each possible price of irons would increase in response to an increase in the price of ironing boards.

The market demand curve is the sum of all the individual demand curves for a good or service in the market. It represents the quantity of a good or service that all consumers are willing and able to buy at different prices. Therefore, market demand depends on the price of the product, the income of the consumers, and other factors such as the availability of close substitutes.

The relationship between price and quantity demanded is inversely proportional; that is, as the price of the product increases, the quantity demanded decreases, and as the price of the product decreases, the quantity demanded increases. Thus, an increase in the price of ironing boards would lead to a decrease in the quantity demanded of ironing boards.

As the demand for ironing boards decreases, the demand for irons, which are complementary goods, would also decrease, leading to a decrease in the price of irons. Conversely, a decrease in the price of ironing boards would lead to an increase in the quantity demanded of ironing boards.

As the demand for ironing boards increases, the demand for irons, which are complementary goods, would also increase, leading to an increase in the price of irons.

To know more about Price click here:

https://brainly.com/question/19091385#

#SPJ11

The type of task interdependence that the project team exhibits is Pooled task interdependence.

Task interdependence refers to the degree to which team members have to depend on each other to perform their duties. Different forms of interdependence have varying implications for the design and management of teams, as well as for team effectiveness.

Task interdependence's three types are as follows:  Pooled task interdependence Sequential task interdependence, Reciprocal task  interdependence. In your case, the type of task interdependence that the project team exhibits is Pooled task interdependence. A group of individuals who share common resources, like tools or expertise, and whose results are pooled to achieve a final group product or output, is known as pooled task interdependence. The correct option is A.Pooled task interdependence.

To know more about Task interdependence  click on below link:

https://brainly.com/question/24261551#

#SPJ11

One of the justifications for government intervention in markets is the potential to improve on the market outcome in markets characterized by monopolies or oligopolies

The term "market failure" refers to situations where the market mechanism fails to achieve the optimal outcome, which is defined as the allocation of goods and services that maximizes the social welfare or the sum of consumer and producer surplus.

Another reason for market failure is the presence of monopolies or oligopolies, which are situations where a single or a few firms dominate the market and have the power to influence prices and quantities.

Moreover, the market may fail to provide public goods, which are goods that are non-excludable and non-rivalrous, meaning that they cannot be withheld from anyone and their consumption by one person does not reduce their availability to others.

In all these cases, the government may intervene in the market to improve its outcome, using various policy instruments, such as taxes, subsidies, regulations, public provision, or antitrust laws.

To know more about market here

https://brainly.com/question/13001818

#SPJ4

Stone requirements to set aside yearly installments of $73,564.34 to amass adequate assets to pay the $470,000 obligation that comes due on December 31, 2029, assuming the primary store is made on December 31, 2024.

Assets are financial resources that a company, individual, or organization owns or controls and can use to generate future financial benefits. Assets can be intangible, like patents, trademarks, copyrights, and goodwill, or tangible, like cash, inventory, property, plant, and equipment, in accounting. Based on their liquidity and anticipated use, assets can also be categorized as current or non-current.

Those assets that are anticipated to be utilized or converted into cash within a year or operating cycle, whichever comes first, are considered current assets. They include things like inventory, accounts receivable, cash and cash equivalents, and prepaid expenses.

To know more about Current Assets, visit:

https://brainly.com/question/14287268

#SPJ1

Assuming the main store is made on December 31, 2024, Stone needs to put aside yearly installments of $73,564.34 to accumulate enough assets to pay the $470,000 obligation that becomes due on that date.

Financial resources that a business, person, or group owns or controls and can use to produce future financial benefits are known as assets.

Functions of a table or computer FVAD of $ 1

Future Value                 560000

n                                  5

i                                 8%

Deposit                         $88,385

Working Note

FV Annuity Due = C*((((1+i)^n)-1)/i)*(1+i)

560000= C*((((1+0.08)^5)-1)/0.08)*(1+0.08)

560000= C*6.335929

C= 560000/6.335929

C= 88385

Required Annual Deposit (C ) = 88384.83

Functions of a computer or table PVAD of $ 1

Payment                         $136,000

n                                10

i                                11%

Deposit                         $889,038

Working:

PV Annuity Due= C*((1-(1+i)^(-n))/i)*(1+i)

PV Annuity Due = 136000*((1-(1+0.11)^(-10))/0.11)*(1+0.11)

PV Annuity Due = 889038

To know more about PV Annuity Due, visit:

https://brainly.com/question/30268040

#SPJ1

The carrying value as  of 30 November 2021: R2 395 833, 1 February 2022: R2 346 875

Depreciation expense per year = (Cost price - Salvage value) / Useful life

Depreciation expense per year = R250 000

Carrying value as at 30 November 2021 = Cost price - Accumulated depreciation

Carrying value as at 30 November 2021 = R2 500 000 - R104 167

Carrying value as at 30 November 2021 = R2 395 833

Carrying value as at 1 February 2022 = Carrying value as at 1 December 2021 + Cost of new machinery purchased

Carrying value as at 1 February 2022 = R2 346 875

thus, the carrying value of the machinery for the financial years 2021 and 2022 are  30 November 2021: R2 395 833, 1 February 2022: R2 346 875

To learn about similar questions:

https://brainly.com/question/30999571?referrer=searchResults

#SPJ4

For case a, the APR or stated rate is 16.14% and for case b, the APR or stated rate is 8.33%.

a.This can be calculated by taking the compound interest formula,

A=P(1+r/n)nt,

where A is the total amount,

P is the principal amount,

r is the annual interest rate,

n is the number of times compounded per year, and

t is the number of years, and solving for r.

Substituting the values in the formula, we get

Thus, APR equals (17/2)2 = 16.14%.

b. This can be calculated by taking the compound interest formula,  

A=P(1+r/n)nt,

where A is the total amount,

P is the principal amount,

r is the annual interest rate,

n is the number of times compounded per year, and t is the number of years, and solving for r.

Substituting the values in the formula, we get

Thus, APR equals (8/12)12 = 8.33%.

Learn more about compound interest here: https://brainly.com/question/28020457

#SPJ11

The correct answer is "D. Summarization reports" are the basis for all other reports as they provide a condensed overview of data from transaction processing reports.

This data can be used to create trend analysis and ad hoc reports.

Summarization reports provide a high-level view of data by consolidating and aggregating information from transaction processing reports. They are typically used by managers and executives to make informed decisions and monitor performance. Trend analysis reports, which analyze data over time to identify patterns and trends, are built upon summarization reports as they require a historical perspective.

Ad hoc reports, which are created on-demand to answer specific questions or address particular issues, can also be generated from summarization reports by filtering and drilling down into the data. Overall, summarization reports serve as the foundation for all other types of reports and provide a valuable tool for decision-making and analysis.

Learn more about a summary report https://brainly.com/question/30199134

#SPJ11

A corporation might see a considerable rise in market share by being the first to develop a new competitive advantage.

When a firm provides a new competitive advantage, such as a new product or service, it might attract a big number of clients who are interested in this new offering. If the business is the first to provide this benefit, it will have a distinct edge over rivals and be able to take in a bigger portion of the market. This can lead to higher revenues, earnings, and long-term success. A corporation might see a considerable rise in market share by being the first to develop a new competitive advantage. But, the corporation must continue to develop and strengthen its advantage to preserve its position in the market and remain ahead of competitors who may try to copy the same advantage.

learn more about competitive advantage here:

https://brainly.com/question/15095207

#SPJ4

The calculated price elasticity of demand when the price increases by 5%, and quantity demanded decreases by 1%, is -0.2.

Price elasticity namely the percentage change in the number of goods demanded caused by a change in the price of the goods by one percent, or in general it is written: If Eh > 1 it is said that demand is elastic. If Eh < 1 it is said that the demand for goods is inelastic.

This can be calculated using the following formula:

Price elasticity of demand = (% Change in Quantity Demanded) / (% Change in Price). In this case, the equation would be (-1%) / (5%) = -0.2.

Learn more about Price elasticity: brainly.com/question/5078326

#SPJ11

The four strategies that companies can use to enter the global market are international (Coca-Cola), localization

(Starbucks), transnational( Unilever), and global standardization strategies(McDonald's).

International strategy: This strategy entails using the firm's existing product portfolio and selling it in the foreign market. The company does not change its product design, marketing, or pricing to fit the foreign market. An example of this strategy is Coca-Cola, which uses the same product and marketing campaign worldwide.

Transnational strategy: The company integrates global and local decision-making to enhance its efficiency, effectiveness, and local responsiveness. This strategy recognizes that while standardization lowers costs, it may not work in all situations. Unilever is a company that uses a transnational strategy to integrate local responsiveness and global efficiency.

Global standardization: This strategy involves creating standardized products with a consistent brand identity and marketing message across all regions. An example of a company that uses this strategy is McDonald's. Its menu, service quality, and marketing messages are the same worldwide.

Localization strategy: This strategy involves creating custom products, marketing campaigns, and pricing for each region or country. Starbucks is an example of a company that uses this strategy. They adapt their product offerings and marketing messages to fit the local culture.

To know more about Transnational strategy click on below link:

https://brainly.com/question/30761029#

#SPJ11

A licensee who is taking a listing on a property and finds a number of problems that need to be fixed, such as several leaking faucets and faulty electrical outlets, would be an example of Property disclosure requirements.

In the United States, property disclosure laws specify what information a home seller must disclose to a prospective buyer about the condition of their property. The real estate agent must advise the homeowner to fully disclose any known information or known issues about the property. It is crucial to disclose any known property defects, particularly those that might influence a buyer's decision to buy or not to buy.

Any changes that have been made to the property must be disclosed, and it is critical to know about the property before listing it. However, the agent should ensure that the defects are fixed before listing the property to avoid legal problems in the future.

To know more about Property refer to-

brainly.com/question/29528698#

#SPJ11

Service providers, to minimize the heterogeneity between those who deliver the service, employ the tool of standardization.

Standardization is a tool used by service providers to minimize the heterogeneity between those who deliver the service. It's done to provide a consistent service experience to customers, regardless of who is delivering the service or where it is delivered.

Standardization entails developing specific processes and protocols that all service providers must follow when delivering a service. It helps to reduce the likelihood of human error, ensure service consistency, and enhance the quality of the service.

Additionally, it ensures that all customers receive the same level of service, regardless of which service provider they engage with or where they are located.

Learn more about standardization here:

brainly.com/question/28347178

#SPJ11

Money today is known as fiat money. Fiat money is currency that is used by a country as a medium of exchange.

It is used because of its power to be a legal tender and its recognition as an accepted currency.What is the currency inside banks?The currency inside banks is known as the demand for loanable funds. A demand for loanable funds refers to the amount of money that borrowers are willing to take at any given interest rate. A loanable fund is also referred to as credit or the money that is loaned out in the economy.What is United States' currency?In the United States, the currency is known as the dollar bills and coins.

The US dollar is one of the world's most important reserve currencies, and it is used as a standard currency to trade in oil and precious metals.What is fiat money?Fiat money is a type of currency that is backed up by the government that issues it. Its value is derived from the trust that people have in the government. Fiat money has no intrinsic value, but it is valuable as a medium of exchange due to its legal tender status. The government can print fiat money in unlimited quantities as long as it doesn't cause inflation.

Fiat money is used because it is accepted as a legal tender by the public, and it is used as a medium of exchange in the economy.

Learn more about  currency here:https://brainly.com/question/6675565

#SPJ11

The patient's portion of the medical charges after the insurance has paid is known as the co-payment. Depending upon the type of plan, the patient's portion of the medical charges after the insurance has paid is known as the deductible.

Medical insurance is a form of insurance that provides coverage for medical and surgical costs incurred by the policyholder. Health insurance may cover medical expenses such as diagnostic tests, medicines, surgery, and hospitalization as well as routine medical checkups.

Health insurance reimburses policyholders for the expenses incurred as a result of medical attention provided by a licensed medical provider. A deductible is a fixed amount of money you have to pay before your insurance coverage starts paying for covered medical expenses.

When you file a claim with your insurance provider, the insurance provider will only pay after you've paid your deductible. Policyholders must fulfill their deductibles before insurance coverage begins to pay for covered medical expenses. The deductible is one of the most significant elements of any insurance policy, and it is typically expressed as a dollar sum.

In general, the larger the deductible, the lower the premium. However, a larger deductible also implies that policyholders must pay more out of pocket before insurance coverage kicks in.

To know more about insurance, refer here:

https://brainly.com/question/30270920#

#SPJ11

Echo has a beta of 1.0, which means that it has the same level of risk as the overall market.

Echo stock's beta is calculated by the Capital Asset Pricing Model (CAPM).

The formula for beta is Beta = Covariance (Echo, Market) / Variance (Market).

The covariance is the expected return of Echo (20%) minus the risk-free rate (4%) multiplied by the expected return of the Market (12%) minus the risk-free rate (4%).

The variance is the expected return of the Market (12%) minus the risk-free rate (4%) squared.

When calculating the beta of Echo, you get Beta = (16% x 8%) / 64% = 1.0.

This means that Echo has a beta of 1.0, which means that it has the same level of risk as the overall market.

This means that if the market goes up or down, Echo is expected to move by the same amount in the same direction. The beta of Echo is not affected by the risk-free rate since it is used in the formula both as a constant and in a negative position. The expected return of Echo, however, is affected by the risk-free rate, since it is used as a constant when calculating the beta.

For more such questions on CAPM.

https://brainly.com/question/29893013#

#SPJ11

false.  If the property is conveyed via inheritance, the receiver will get a "stepped-up" basis in the property, which means the new basis will be the fair market value of the property at the time of inheritance.

in this example, $50,000. So, if the receiver later sells the property, they will only have to pay capital gains taxes on the amount that is less than $50,000, perhaps resulting in a smaller tax obligation. The receiver will get the same adjusted basis of $20,000 as the original owner if the property is gifted, on the other hand.which means the new basis will be the fair market value of the property at the time of inheritance. If the receiver then sells the property, they will have to pay capital gains taxes on the amount that is less than $20,000, which might lead to a financial burden.

learn more about property  here:

https://brainly.com/question/29528698

#SPJ4

The entry is Debit interest receivable and credit interest revenue by $ 10,000. As a result, choice B is the right response.

Prime Bank was founded in 1995 and is a premier local business bank in Bangladesh. A big and well-known bank is referred to as a prime bank in

the finance industry. Prime banks are well-known for being enormous, and they frequently conduct significant financial transactions.

From May 1 to December 31, there are 8 months and so that much interest revenue is to be recorded.

Interest for one year = 250,000 x 6%

Interest for one year = $ 15,000

Interest for 8 months = (15,000/12) x 8

Interest for 8 months = $ 10,000

The entry is Debit interest receivable and credit interest revenue by $ 10,000.

To know more about Debit, visit:

https://brainly.com/question/27992603

#SPJ1

The entry is Debit interest receivable and credit interest revenue by $ 10,000. As a result, choice B is the right response.

Prime Bank was founded in 1995 and is a premier local business bank in Bangladesh. A big and well-known bank is referred to as a prime bank in the finance industry. Prime banks are well-known for being enormous, and they frequently conduct significant financial transactions.

From May 1 to December 31, there are 8 months and so that much interest revenue is to be recorded.

Interest for one year = 250,000 x 6%

Interest for one year = $ 15,000

Interest for 8 months = (15,000/12) x 8

Interest for 8 months = $ 10,000

The entry is Debit interest receivable and credit interest revenue by $ 10,000.

To know more about Debit, visit:

brainly.com/question/27992603

#SPJ1

Complete question is,

Multiple Choice

a). Debit Interest Receivable and credit Interest Revenue for $5,000.

b). Debit Interest Receivable and credit Interest Revenue for $10,000.

c). Debit Interest Receivable and credit Interest Revenue for $15,000.

d). No adjusting entry is necessary.

The statement demonstrates that association proves causation, which is a logical fallacy. This fallacy assumes that because two events or phenomena are observed to occur together, one event is the cause of the other.

However, this is not necessarily true and does not take into account any secondary effects. This statement also violates the ceteris paribus condition which states that all other factors must remain equal for an effect to be attributed to any one variable. Furthermore, this statement also contains the fallacy of composition which states that what is true of the parts, is also true of the whole.

This is not always true and can lead to false conclusions. In summary, the statement demonstrates that association proves causation, ignores secondary effects, violates the ceteris paribus condition, and contains the fallacy of composition.

Know more about demonstrates here

https://brainly.com/question/15070998#

#SPJ11

Effective business writers avoid using passive voice, which is evident in the ineffective selection "The delivery person wrecked the office supply van."

Passive voice can make sentences vague and lacking in action. In this case, the sentence doesn't clearly state who caused the accident or what happened. To improve the selection, the writer could use active voice, such as "The delivery person crashed the office supply van," which clearly identifies the responsible party and the action that occurred.

Additionally, using specific details, such as the location of the accident and the extent of the damage, could provide more context and enhance the message's effectiveness.

Learn more about business message https://brainly.com/question/30807711

#SPJ11

The most common reason for the sudden disappearance of a business is the failure to adapt to the changing times (option b).

This often results in loss of investments or running out of money.

However, to the consumer's eyes, businesses come and go. In many countries, some businesses have been around for 100 years, and then all of a sudden are gone or at least it appears that way. Usually, this is not the case, but to the consumer's eyes, they are there one day and gone the next. It is, therefore, important for businesses to be proactive and anticipate changes that may affect their operations to ensure continuity and growth. Investment plays a crucial role in a business's success, and any losses could result in its downfall.

Bad employees could also be a contributing factor, but the most common reason for a business's failure is the failure to adapt to changing trends and evolving consumer needs. This is especially true in today's fast-paced world where consumer preferences are ever-changing.

Businesses need to be responsive to changing trends and consumer needs. It is important to remain relevant by adopting new technologies and strategies that enhance their competitiveness in the market. Failure to do so will lead to a decline in sales and ultimately, the failure of the business.

So, the reason for their disappearance is option b. the failure to adapt to the changing times .

Learn more about business investment here: https://brainly.com/question/1534216

#SPJ11

Intangible assets include goodwill, brand awareness, and intellectual property like patents, trademarks, and copyrights. Contrasting with physical assets like real estate, automobiles, machinery, and stock are intangible assets.

Which of the following are physical assets with a long life?

This type of assets includes natural resources, buildings, equipment, and land improvements. A long-term asset is recorded at cost plus any outlays required to prepare it for usage. Physical objects make up tangible assets. Land, structures, automobiles, furnishings, and equipment are some examples. Assets are shown as current and long-term assets on the balance sheet (non-current assets).

Long-term assets, often known as fixed or capital assets, are those that a corporation may anticipate using, replacing, or turning into cash after the typical operational cycle of at least 12 months. They are frequently in use for years. This sets them apart from existing assets, which businesses normally use up within a year.

Learn more about assets:

https://brainly.com/question/13848560

#SPJ1

Answer: If Congress passes a law requiring all gas stations to price gasoline at $1.50 per gallon, demand and supply would both be affected. Since gasoline will be cheaper, the demand for it will increase. People would be more likely to drive more and purchase more gasoline.

At the same time, the price of gasoline would be below the equilibrium level. As a result, there would be a shortage of gasoline.The market supply curve would shift to the left as gas stations would be less willing to supply gasoline at the government-mandated price. As a result, gasoline prices could begin to rise again. When there is an increase in demand for gasoline, but a decrease in supply, the result is a shortage of gasoline.

A shortage is a condition where the quantity of a good that buyers are willing and able to purchase is less than the quantity that sellers are willing and able to produce and supply. In this case, the shortage is caused by the government's price controls, which prevent the market from adjusting to its equilibrium price.

Know more about gasoline here:

https://brainly.com/question/29991915

#SPJ11

If the yield remains constant, the price change will decline by $15.67 over the next year.

The price of the bond will decline by $15.67 over the next year if the yield remains constant. This is because the coupon rate (7%) is higher than the yield (5%). A bond's yield is the rate of return an investor receives for buying the bond. When the coupon rate is higher than the yield, it means that investors are willing to buy the bond for a price lower than the bond's face value ($1,000 in this case). Thus, the price of the bond decreases to adjust to the yield and the difference is calculated as:

Difference in Price = Face Value x (Coupon Rate - Yield) x (1/2)

In this case, the difference in price is calculated as:

Difference in Price = $1,000 x (7% - 5%) x (1/2) = $15.67

Therefore, the price of the bond will decline by $15.67 over the next year if the yield remains constant.

For more such questions on Price of the bond.

https://brainly.com/question/28489869#

#SPJ11

This means that $21.00 per unit is the weighted average cost structure for such inventory purchases.

Take the example of a $1,000 credit purchase of inventory. For a $1,000 increase, debit your inventory account. In order to prove that you owe $1,000, credit your Payables account next. The credit reduces the balance of your Cash account because it is an asset as well.

An organization's inventory purchases are tracked in the purchasing account, which is an account in the general ledger. A periodic system uses this account to determine how much inventory is available for purchase.

To know more about inventory purchases visit:

https://brainly.com/question/29659013

#SPJ1

In the following question, if the company has 475,000 shares outstanding and the stock currently sells for $41, The cost of buying a seat if the company uses straight voting is $19,475,000

The number of outstanding shares= 475,000

The price of each share = $41

Number of votes required to win a board seat= 1

We have to find the cost to buy a seat if the company uses straight voting. For this, we need to calculate the percentage of the share owned and the price of the share owned by the person.

PART 1:To win a board seat, the number of votes required= 1So, a person needs to have a minimum of 475,001 shares to win a board seat.

PART 2:So, we need to calculate the cost to buy 475,001 shares at the current market price.

Cost of buying one share = $41

Cost of buying 475,001

shares= $41 x 475,001 = $19,475,041

Therefore, the cost of buying a seat if the company uses straight voting is $19,475,000.

For more such questions on company

https://brainly.com/question/6528766

#SPJ11

Assuming that crackers and cream cheese are complementary goods, the effect on the cream cheese market of a decrease in the price of crackers  would best be described as a(n) "increase in demand for cream cheese."

Complementary goods refer to goods that are used together with other goods. In economics, complementary goods are described as a decrease in demand for a product, which happens when the price of the related product increases.

Conversely, an increase in demand for one product can cause a complementary product to increase in demand.The relationship between complementary goods is the opposite of substitute goods, which are products that are used in place of each other.

A decrease in the price of a product can cause an increase in demand for it, and it can also cause an increase in demand for its complementary product.Let us now come back to the question; if crackers and cream cheese are complementary goods, the effect on the cream cheese market of a decrease in the price of crackers (other things being equal) would best be described as an increase in demand for cream cheese.

Therefore, this situation will cause a leftward shift in the demand curve for cream cheese.

For more such questions on market

https://brainly.com/question/25369230

#SPJ11


A legally binding agreement that can be rejected at the option of one of the parties is called an unenforceable contract. It refers to an agreement in which at least one of the parties does not have the legal ability to enforce the contract's terms.

For example, a contract with an underage person, a contract that violates public policy, or a contract that includes illegal activities are all unenforceable contracts. An unenforceable contract is considered a void contract in certain cases.

When one of the parties is fraudulent, has lied, or has violated the terms of the contract, a contract becomes void.

There are two types of void contracts: express void contracts and voidable contracts.

Void contracts are typically contracts that are considered to be illegal from the beginning. Voidable contracts, on the other hand, are contracts that were legally formed but may be rejected by one or more of the parties involved because of some other reason.

To know more about  unenforceable contract refer here :

https://brainly.com/question/15038063#

#SPJ11

A legally binding agreement that can be rejected at the option of the parties is called a unilateral contract.

What is a Unilateral Contract?

A unilateral contract is a legally binding agreement in which one party, usually the employer or the promisor, agrees to do something if the other party, usually the employee or the promisee, performs a specific action or meets specific conditions.

A unilateral contract is a promise made by one party in exchange for a specific act or behavior by another party, and it is legally binding.

An example of a unilateral contract is an insurance policy. If a client pays a premium, the insurance provider guarantees payment if the client experiences a covered loss. In this case, the client is the promisee, and the insurance provider is the promisor.

To learn more about unilateral contract, refer below:

https://brainly.com/question/31136220

#SPJ11

Target costing is determines cost based upon market price and desired profit. The correct answer is c.

Target costing is a cost management technique that is used to determine the maximum cost that can be incurred in producing a product, while still allowing the company to achieve its desired profit margin.

The process begins with the determination of the market price for the product, based on an analysis of the target market and its demand for the product.

From this market price, the desired profit margin is subtracted to determine the allowable cost of production. This allowable cost is then used as the basis for the company's cost management efforts, with a goal of reducing costs to the point where the desired profit margin can be achieved. The correct answer is c.

Learn more about target cost at https://brainly.com/question/14853328

#SPJ11