Is called collusion
It's actually price collusion to be precise ( not to be mistaken for the crime collusion)
Often time, to attract customers, sellers will offer a lower price than their competitor. Though it may attract more customer, it will lower their profit.
In price collusion, all sellers is guaranteed to have same product price and profit margin, creating a perfect competition market for that product
Answer:
Cash Collection is $122,000
Receivable as on August 31, is $97,000
Explanation:
Total budgeted cash collection in the month of August is $122,000 and total receivables as on August 31 is $97,000.
A schedule for the cash collection is made in MS Excel file, which is attached with this answer, please find it.
Answer: False
Explanation:
The Code of Ethics and the Code of Conduct are standards that employees must adhere to. Code of Ethics are policies outlined by the top executives in organizations which are designed to guide employees to carry out business activities with integrity and honesty. The code of ethics describes the vital values of the organisation and helps workers know the right and wrong things.
Code of Conduct expresses the behavior and practices that is required of an individual to become a member of a profession or organisation. The code sets out the rules of the organization and members who violates it are punished. Examples are dressing, punctuality etc.
Answer:
Premium is likely to be $180.00
Explanation:
Two players have 40% chance of slipping
Equally,two players have 20% chance of slipping
bruise cost per slip is $150
Premium=40% chance of slipping*bruise cost*2 players +20% chance of slipping*bruise cost*2 players
Premium=40%*$150*2+20%*$150*2
Premium=0.4*$150*2+0.2*$150*2
premium=$60*2+$30*2
premium=$120+$60
premium=$180.00
If the insurance company offers bruise insurance to the players ,the premium is likely to be in the region of $180.00
Answer:
A. A smaller quantity of the goods bought and sold.
Explanation:
A binding price ceiling is a situation where the government sets the market price of a good or goods below equilibrium. This usually makes the price to bind the good or goods.
One of the things this situation leads to is the reduction on the quantity of goods that will be sold and bought.
