an agent accepts an unsolicited telephone order from a new customer to buy shares of a nyse stock at the current market price. the salesman executes the order and then forwards the new account form to the manager for the manager's signature. which statement is true?

Answers

Answer 1

The statement which is true is that, the agents actions are prohibited because the manager has to approve the opening of the account which is prior to the first trade.

Here, the procedure in order to open a new account is in order to have the manager approve the opening of the account which is said to be prior to the first trade. Thus, it is prohibited for the agent in order to execute the trade before the manager tends to approve the accounts opening.

However, the margin accounts tend to require more than just a basic new account form. So, the customers who are seen to be opening the margin accounts must fill out and sign the margin agreement first.

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Related Questions

heineken starts with barley. what is the process of preparing the barley called?

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growing the characteristic balanced Heineken taste. Our A-Yeast is happiest with a large surface vicinity which is possible in our horizontal fermentation tanks.

Image result for Heineken starts offevolved with barley. what is the system of getting ready the barley called?

Brewing

Brewing is the manufacturing of beer by using steeping a starch supply (commonly cereal grains, the most popular of which is barley) in water and fermenting the ensuing candy liquid with yeast.

It may additionally be finished in a brewery with the aid of a business brewer, at home by means of a homebrewer, or communally.

Where does Heineken get their barley?

The relevant crop in every united states relies upon on the local conditions and the CREATE task focuses on malt barley in Ethiopia, maize in Rwanda and sorghum in Sierra Leone. Supplying higher-yielding barley seeds and training are key elements of the CREATE project in Ethiopia.

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isooky has a spotter truck with a book value of $59,000 and a remaining useful life of 5 years. at the end of the five years the spotter truck will have a zero salvage value. the market value of the spotter truck is currently $41,500. isooky can purchase a new spotter truck for $139,000 and receive $32,900 in return for trading in its old spotter truck. the new spotter truck will reduce variable manufacturing costs by $26,900 per year over the five-year life of the new spotter truck. the total increase or decrease in income by replacing the current spotter truck with the new truck (ignoring the time value of money) is:

Answers

The total increase in income by replacing the current spotter truck with the new truck (ignoring the time value of money) is $13,000.

This is calculated by subtracting the cost of purchasing the new spotter truck ($139,000) from the net benefit of trading in the old spotter truck ($32,900) and the total savings in variable manufacturing costs ($26,900 x 5 years = $134,500). The total increase in income is therefore $13,000 ($134,500 - $139,000).

Earnings is the amount of money gained from employment, whereas income is the entire amount of money acquired from employment, benefits, pensions, and other sources.

Hence the correct answer to the given question is $13,000.

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how long does a delinquency stay on your credit report?

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Delinquency stays on your credit report for the seventh year

Up to seven years after the original delinquency date -- the day the payment was missed -- late payments continue to appear on a credit report. Even if you settle the past-due balance, the late payment is still reflected on your Equifax credit report.The collection agency will give you a specific amount of time to pay off the debt. The debt will remain on your credit report as long as it is unpaid, and it can only be taken off of your record about seven years after you were first found in default.Here are some methods for having negative information from your credit report removed to aid you on your path to better credit.Contact the Credit Bureau with a Dispute.conflict with the company that filed the complaint

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during a bear market, why do many people sell their investments? why isn’t that beneficial?

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During a bear market, many people sell their investments because they are concerned that the market will continue to decline, and they want to avoid further losses.

A bear market is characterized by a prolonged period of falling stock prices, typically 20% or more, and it can cause investors to panic and make hasty decisions.

When investors see the value of their investments decreasing, they may become anxious and sell their investments to cut their losses. However, selling investments during a bear market may not be beneficial because it is likely that the market will eventually recover.

By selling during a bear market, investors may miss out on the potential gains that will be made when the market recovers. Additionally, selling investments at a loss can also have negative tax implications.

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What are the four market structures in a mixed market economy?

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A mixed market economy is an economic system that combines aspects of a market economy with aspects of a planned economy.

What do you mean by market?

Market can refer to a physical location where buyers and sellers of goods and services meet, as well as a virtual space where goods and services are exchanged. The term can also refer to a particular segment of a larger economy, such as a stock market or a labor market.

The four market structures are:

1. Perfect Competition: This market structure is characterized by a large number of small firms producing identical products with no barriers to entry or exit.

2. Monopoly: This market structure is characterized by a single seller who produces a unique product with no close substitutes and significant barriers to entry.

3. Oligopoly: This market structure is characterized by a small number of large firms producing either identical or differentiated products with significant barriers to entry.

4. Monopolistic Competition: This market structure is characterized by a large number of small firms producing differentiated products with low barriers to entry and exit.

It is a system in which both the private sector and the public sector exist, and both have an important role in the production and distribution of goods and services. Mixed market economies allow for a degree of private economic freedom, while still maintaining government oversight and regulation of certain industries.

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Why is the vendor number written in the post. ref. column of the purchases journal?

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When determining whether a vendor is listed in the New York State Vendor File, the state's central registry for all vendors, New York State issues a 10-digit code called an NYS vendor ID.

The Office of the State Comptroller (OSC) is responsible for managing this database.What is the vendor ID and product ID for my USB-connected reader?Get Windows Device Manager open.The Human Interface Devices node should be expanded.The USB Human Interface Device Properties window appears when you double-click the desired device.Choosing the Details tab.Choose Hardware Ids from the Property drop-down box.

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what are examples of social media content that businesses can effectively leverage to excite customers

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The examples of social media content that businesses can effectively leverage to excite customers are Customized offers are communicated through mobile apps. Games centered on a specific brand or product.

What exactly is leverage?

Leverage is a strategy in which you borrow money to buy something in the hope that your profits will be much higher than the amount you borrowed.  successful leverage is referred to as a lever because it amplifies a small input force into a greater output force and turns the relatively small amount of money required for borrowing into significant profits. However, the strategy poses a significant threat of defaulting on a significant debt. A lender will typically demand that the purchased asset be used as collateral security for the loan and set limits on the amount of risk and leverage it is willing to take on.

How can businesses make use of social media?

Brands can use a social media influencer who shares their mission and values to give honest product endorsements to a targeted, engaged audience that is eager to buy.

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as you reflect on what happened with marina and ervin in the video and apply what you know about situational leadership, did andy and naomi effectively handle the situation? why or why not?

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Based on my understanding of situational leadership, Andy and Naomi did not effectively handle the situation with Marina and Ervin.

Situational leadership involves adapting one's leadership style to meet the needs and abilities of the individual or group being led. In this situation, Andy and Naomi failed to adapt to the needs and abilities of Marina and Ervin.

They were too directive and did not listen to the concerns of the customers, which resulted in a negative experience for Marina and Ervin. Additionally, they did not provide enough support and guidance to Marina and Ervin, which may have contributed to their frustration.

Effective situational leadership involves being able to diagnose the needs and abilities of the individual or group and then adapting one's leadership style accordingly.

In this situation, Andy and Naomi could have benefited from taking a more supportive and collaborative approach, listening to the concerns of Marina and Ervin, and providing them with the guidance and support they needed to feel comfortable and confident with the repair process.

By doing so, they could have improved the overall experience for Marina and Ervin and avoided the negative outcome seen in the video.

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What is a fixed-rate mortgage called?

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A fixed-rate mortgage is considered to be an installment loan which has a fixed interest rate for the entire term of the loan.

A fixed-rate mortgage loan is the one where the interest rate tends to remain fixed for the duration of the loan term, which is thus regardless of what goes on in the macroeconomic environment or with a lender's reference rates. For instance, 10-Year Fixed Rate.

However, a fixed-rate mortgage is considered to be a home loan option which is thus with a specific interest rate for the entire term of the loan. Thus, it is also considered to be an installment loan. As, the interest rate on the mortgage will thus not change over the lifetime.

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What defines a citizen of the United States?

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Citizen in the United States is defined by one's legal status as a U.S. national.

Obtaining citizenship may be done through birthright, naturalization, or other means depending on individual circumstances.

Generally, a person born in the United States or its territories is automatically granted citizenship, while a person born outside the country is not. Naturalization is the process by which foreign-born individuals can become U.S. citizens.

In order to be eligible for naturalization, applicants must meet certain criteria such as being of good moral character, having lived in the U.S. for a certain period of time, and having knowledge of U.S. government and history.

Additionally, applicants may be required to take an English and civics test. Once naturalization is granted, an individual is granted all the rights and privileges of a U.S. citizen, including the right to vote and to apply for a U.S. passport.

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how much will each used car end up costing if all the good cars are withdrawn from the market?

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Yes, this potential market will come to feature most, if not exclusively, lemons. The remaining bad cars should be sold for what they are worth, which is $5,000 each if all the good cars are removed.

What are the potential buyers in a business?

Potential third-party purchasers for your business could originate from your customers, suppliers, neighborhood, or other businesses in your sector. Buyers that are unaffiliated with you and whom your business broker may find can typically be separated into two categories: financial buyers and strategic buyers.

The importance of a potential customer may be shown in the high conversion rates, focused traffic, and increased sales that result from them. The lowest bounce rate is possible if you provide your visitors with interesting material. Many visitors click away from the page as soon as they arrive.

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The complete question is:

Consider a used-car market with asymmetric information. The owners of used cars know what their vehicles are worth but have no way of credibly demonstrating those values to potential buyers. Thus, potential buyers must always worry that the used car they are being offered may be a low-quality "lemon." Suppose that there are equal numbers of good and bad used cars in the market and that good used cars are worth $13,000 while bad used cars are worth $5,000.

Will the used-car market come to feature mostly—if not exclusively—lemons?

How much will each used car end up costing if all the good cars are withdrawn?

What is a core domain for Accenture's multi party systems practice Mcq village?

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Digital identity is the core domain for Accenture's multi party systems.

Accenture Blockchain and Multiparty Systems is a consultancy firm specializing in supply chain, digital identification, and financial services.

We've established tremendous foundational capabilities in each of these fields, validated proofs of value, and aided business ecosystems in deploying the first generation of multiparty systems.

The following is Accenture's core domain for Multiparty Systems practice: Accenture Blockchain and multi-party systems are experts in financial services, digital identity, and supply chain management.

Accenture's multi-party system refers to several versions of data held by different portions of a business, or entities. Collaborations between Accenture and third-party blockchain vendors.

Multiparty systems create a shared data infrastructure between a person and a company, resulting in enhanced efficiency and the development of new business and revenue models.

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to create a bailment, the property must be delivered to the bailor. group of answer choices true false

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In order to establish a bailment, the bailee must receive actual ownership of the property or control over it.  To create a bailment, the property must be delivered to the bailor --- True

A "bailment" is when one person gives something to another for a purpose with the promise that the goods will be returned or disposed of in another way according to the instructions of the person who gave them.

What exactly is bailment, exactly?

A bailment is a legal arrangement under common law in which the owner transfers ownership of personal property but retains physical custody. The "bailor" is the owner who gives up custody of a property, and the "bailee" is the person who takes it. The person who holds personal property in trust for the owner for a certain amount of time and for a particular purpose is known as the bailee. After the original purpose has been accomplished, the bailee returns the property to the owner. In contrast to a gift of property or a contract of sale, bailment only involves the transfer of possession rather than ownership.

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Which primary skills do companies seek in top managers?

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The capacity to inspire and captivate others. energy that is high. the capacity to converse.

What is the most essential skill for the top manager?

Skills in conceptual thinking Because top managers are the strategists who create the plans that lead the organization toward its goals, conceptual thinking skills are especially important to them.

What are the priorities of top managers?

Policies, guidelines, and strategic goals are established by top management, and quality management leadership and direction are provided by top management. It should also identify those accountable for a wide range of management system processes and hold them accountable for them.

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What is considered discretionary income?

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Discretionary income is the amount of income remaining after taxes and mandatory spending such as rent, utilities, and insurance are paid.

It is money that is available for savings and spending on luxury items, leisure activities, or investments. It is important to note that discretionary income can vary greatly from one person to the next, based on income level, expenses, and lifestyle.

After taxes and the cost of basic essentials like food, shelter, and clothing have been covered, a person's discretionary income is the portion of their income that is still available for spending, investing, or saving. Spending on luxury items, vacations, and non-essential goods and services is included in discretionary income.

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a copayment is a percentage of the fee for services provided that the patient pays. a set amount that each patient pays for each office visit. a portion of the fee that the physician must write off. a capitation payment.

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Capitation payments are used by managed care organizations to regulate healthcare costs. Capitation payments control the amount of healthcare consumed by putting the doctor's finances at risk for patient care.

Describe capitation.

Capitation is one way to pay for medical services. It pays a fixed amount for each enrolled individual assigned to them during a specific time period regardless of whether that person seeks care. Public insurance payments are used by managed care organizations to regulate healthcare costs. Capitation payments control the amount of healthcare consumed by putting the doctor's finances at risk for patient care. An example of capitation would be a 5,000 patient IPA, a type of HMO. The IPA must ensure that its patients will have insurance for the upcoming session. 

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at a quantity of 20 units, does this firm have increasing marginal returns or diminishing marginal returns? explain.

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At a quantity of 20 units, the firm have increasing marginal returns.

When the output grows in proportion to the increase in input, this is referred to as increasing returns to scale. When all production factors are increased by a specific percentage, the consequence is a less-than-proportional rise in output.

As more of a variable element (like as labor) is added to a fixed factor (such as capital), a business will reach a point where it has a disproportionate amount of labor to capital, and so the marginal product of labor will decline, boosting the marginal cost and average variable cost.

With falling marginal returns, output margins shrink, or the same output may be created but at a greater cost per unit or marginal cost.

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question 14 of 15 when the insured selects the extended term nonforfeiture option, the cash value will be used to purchase term insurance with what face amount?

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The face amount of the term insurance that is purchased with the cash value when the insured selects the extended term nonforfeiture option will be equal to the sum of the original face amount plus the cash surrender value.

This option allows the insured to continue their coverage at a reduced cost.

Insurance is a tool for risk management. You purchase protection against unforeseen financial losses when you purchase insurance. If something unpleasant happens to you, the insurance company pays you or someone else of your choosing. If you don't have insurance and an accident occurs, you can be liable for all expenses.

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reconciliation from one set of gaap to another can be quite costly. in preparing for a new york stock exchange listing in 1993, how much did the german automaker daimler-benz approximately spend to prepare u.s. gaap financial statements?

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German automaker daimler-benz approximately spend approximately $60 million  to prepare US GAAP financial statements in order to list one‘s stock on the New York Stock Exchange in 1993.

The New York Stock Exchange NYSE, also known as "The Big Board" is an American stock exchange situated in Lower Manhattan's Financial District. It is by far the world's largest stock exchange, with a market capitalization of US$30.1 quadrillion as of February 2018. In 2013, the daily average trading value was around US$169 billion. The New York Stock Exchange Building , located at 11 Wall Street and 18 Broad Street, is a National Historic Landmark. In February 2007, a supplemental trading room at 30 Broad Street was closed.

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Selling and administrative costs are ______ costs.

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Product expenses are usually handled as inventory and are referred to as "inventoriable costs" since they are used to value the inventory.

Which inventory do you refer to?

Inventory refers to all the products, services, and supplies that a business keeps on hand with the intention of reselling them for a profit. If a newspaper seller uses a vehicle to deliver newspapers to customers, just the newspaper will be considered inventory. The vehicle will be regarded as an asset. Inventory is the term used to describe the goods and materials that a business buys, produces, or makes with the intention of producing, selling, or exchanging. additionally known as stock trading.

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how should you approach your measurement strategy, if you were planning to run a video action campaign?

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For a more precise return on investment estimate, only full online conversions would be measured.With web Ads conversion monitoring, you'd assess the whole value and include lighter conversion occurrences.What exactly is a return on investment?

Return on investment (ROI) is a time-based ratio of net income to investors. A high ROI shows that the benefits of the investment surpass the expenditures. ROI is a performance indicator that is used to quantify the efficiency of an investment or to compare the efficiencies of different investments. It is one method of linking earnings to capital invested in economic terms.

The return on investment statistics is used to determine if an investment is worthwhile by assessing the rate of returns on capital invested in an economic entity over time. It may also be used to compare various assets in a portfolio.

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you receive $100 today. with positive interest rates, the concept of future value implies that the future value of your $100 will be $100. multiple choice question. greater than exactly less than

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If interest rates are high, $100 that is provided to you today will be worth $105 in a year, which is more than $100 in the future.

When interest rates are positive present values are?

Yes, a sum of money will always have a lower present value than its future value as long as rates of interest are positive and will always be positive.

Inflation & opportunity cost are the key causes of why money in the present is more valuable than an equivalent amount in the future.

"greater than": A $100 gift given to you today would be worth more than a $100 gift in the future if interest rates are favorable.

(for example, if the interest rate is 5%, your $100 will be worth $100 x (1 + .05)1 = $105 in one year.

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according to mm, in a world without taxes, the optimal capital structure for a firm is approximately 100 percent debt financing. group of answer choices true false

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This statement is False. A world without taxes would allow firms to take on more debt than they currently do, but the optimal capital structure would still depend on various factors.

These factors include the firm's cost of equity and cost of debt, project risk, and firm liquidity. The optimal capital structure would also still depend on the firm's risk aversion and its target debt-to-equity ratio. In addition, the optimal capital structure may vary depending on the firm's industry and its competitive position. Therefore, the optimal capital structure for a firm in a tax-free world would still not be 100 percent debt financing.

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What are 3 goods and services?

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Three types of goods are: private goods, public goods, and common resources. Three types of services are: business, social, and personal services.

Three types of goods based on their availability:

Private Goods: They are products that are exclusive and competitive. They must be bought before they may be consumed. Ice cream, food,  houses, vehicles, and other private products are examples.Public goods: They are products that are not exclusive or competitive. That is, no one can prevent them from being consumed, and individuals can utilize them without limiting their availability to others. Public goods include clean air, information, national security, street lighting, and so on.Common resources: They  are non-excludable yet competing items or resources. As a result, almost anyone can utilize them. Yet, if a person consumes common resources, their availability to other people is reduced.

Three types of services are:

Business services: They are services that businesses utilize to conduct their operations. This could include banking, insurance, and transportation.Social services: services provided by non-profit institution for social goal.Personal services:  services where each customer has a unique requirement. Example: tourism, leisure activities, and restaurants

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How does a bank benefit from making loans to its customers?

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Banks benefit from making loans to their customers in many ways such as loan products can generate income for the bank, as customers make payments that include interest.

Furthermore, banks can use the loan product to attract new customers who are looking for credit. Additionally, banks can leverage their loan portfolio to obtain additional liquidity from other financial institutions, essentially using their own customers’ money to increase their own capital.

Finally, banks can use loan products to provide customers with additional services, such as overdrafts, which can also generate income for the bank.

All in all, loan products can be a great way for banks to generate income, attract new customers, and provide additional services.

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the estimated economic loss of all motor vehicle crashes in 2012 was $26,000.

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In 2012, there was not a single day in Texas without a fatality on the roads. Injuries from motor vehicle  accidents totaled more than 230,506 in 1907. Every two hours and 35 minutes a person was killed in an automobile accident in 2012.

What is the meaning of vehicle accident?

An accident involving at least one car on a public road that results in at least one person being hurt or killed is referred to as a traffic accident.

The 2030 global reduction in the number of fatalities and injuries from traffic accidents is an ambitious goal set by the UN General Assembly (A/RES/74/299).

For children and young adults aged 5 to 29 years, fatal road accidents are the main cause of death.

An estimated 1.3 million individuals each year pass away in automobile accidents.

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which of the following types of accounts should find its account balance reported on a company's income statement? (check all that apply) select one or more: a. dividend account b. stock accounts (ex. common stock) c. liability accounts

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Stock accounts (ex. common stocks) and liability accounts are the accounts that should find it's account balance reported on a company's income statement.

What is stock account and liability account?

A small corporation or individual's holdings of common stock are regarded as assets. It is categorized in this way because keeping the stock is expected to result in future rewards in the form of cash flow.

Whether common stock is categorized as current or long-term depends on the company's capability and aim. The investment is categorized as long-term if the firm is solvent and able to hold the common shares for more than a year. It is a current investment if none of these circumstances apply.

All liabilities that are subject to legal obligation and payable to a third party are kept in a liability account. A company's general ledger has liability accounts, which are combined to form the liability line items on its balance sheet. Accounts payable, accrued liabilities, deferred revenue, interest due, notes payable, taxes payable, client deposits, and salaries payable are a few examples of the several types of liability accounts that a business may utilize.

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Workplace technology is relied upon by businesses to increase _____________.
answer choices
Employee turnover
Philanthropy
Efficiency and effectiveness
Malfunction and futility

Answers

Workplace technology is relied upon by businesses to increase Efficiency and effectiveness

What does Workplace technology mean?

Workplace technology refers to the tools, applications, and other technology used in the office to improve efficiency and productivity. Examples of workplace technology include computers, software, business applications, digital whiteboards, cloud-based applications, and virtual meeting platforms. These technologies enable staff to work from anywhere, share information faster, and collaborate more effectively. Additionally, they can help employers stay connected with their customers, as well as keep up with the ever-changing technology landscape.

What does Buisness mean?

Business is an activity involving the exchange of goods and services for money. This includes all forms of business, from small sole proprietorships to large corporations. It also includes the activities of buying and selling goods, services, and other resources. Businesses can range from a single person selling products to a large organization with thousands of employees. Businesses can operate in a variety of industries, including manufacturing, retail, finance, and technology.

Therfore the correct option is C. Efficiency and effectiveness

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What does it mean to say the mass of a substance is 10kg?

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It means that the quantum of matter in that body is 10 kg.

Mass is the most abecedarian property of matter and one of drugs' abecedarian amounts. The quantum of matter contained in a body is defined as its mass. The SI unit of mass is the kilogram( kg).

Weight has the same SI unit as force since it's a force; the SI unit of weight is Newton( N). We can see from the weight expression that it's affected by mass and graveness acceleration; the mass doesn't change, but the graveness acceleration does.

As a result, the statement implies that the body contains 10 kg of stuff.

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In which system does the distribution of goods and service take place according to the individual's needs?

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The concept is an Economic System. It is a mechanism with which the government plans and allocates accessible services and commodities across the country.

An economic system is how corporations or governments organize and distribute the resources, services, and goods available in a geographic region or country. Economic systems regulate factors of production, including land, capital, labor, and physical resources.

The traditional economic system is based on goods, services, and labor, all of which follow specific trends. Within the chain of command, there is a dominant centralized authority, usually, the government, which controls much of the economic fabric.

Market economy systems are based on the concept of the free market It includes benefits such as:

Creating the potential for a massive mobilization of critical resources through government oversight.Creation of additional jobs for community members and citizens through increased resource mobility. It focuses on the benefit of society, not individual interests. This encourages more efficient use of valuable resources.

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small appendage attached to cecum. has no known function in humans. 59th term of the arithmetic sequence 29, 37, 45,29,37,45, Which of the followingpassages from Thoreau'sWalden contains a metaphoror an extended metaphor (afigure of speech thatcompares two unlike things orideas without using "like" or"as")?A. 9:Let us rise early and fast, or break fast,gently and without perturbationB. 16:1 did not wish to take a cabin passagebut rather go before the mast and on thedeck of the worldC. 2:1 was seated by the shore of a smallpond, about a mile and a half south of thevillage of Concord whats the difference between to and to in simple terms? What is an aspect of free enterprise? Which of the following equations has an infinite number of solutions?A. 3x - 3 = -4xB. 2y + 4 - y = 16C. 7x + 5 = 4x + 5 + 3xD. 6y - 2 = 2(y - 1) experiment 2: what was the mass of the closed erlenmeyer flask with the hydrochloric acid and sodium carbonate? select the closest answer. I need help pls pls pls What is the record for the most field goals missed in a half in an nfl game? when a right triangle is rotated about one leg, the volume of the cone produced is . when the triangle is rotated about the other leg, the volume of the cone produced is . what is the length (in cm) of the hypotenuse of the triangle? Which sentence from the excerpt most strongly supports the inference you can make about the author's point of view?A) Shes simply called HeLa, the code name given to the worlds first immortal human cellsher cells, cut from her cervix just months before she died.B) Ive spent years staring at that photo, wondering what kind of life she led, what happened to her children, and what shed think about cells from her cervix living on foreverbought, sold, packaged, and shipped by the trillions to laboratories around the world.C) One scientist estimates that if you could pile all HeLa cells ever grown onto a scale, theyd weigh more than 50 million metric tonsan inconceivable number, given that an individual cell weighs almost nothing.D) All of the stories mentioned that scientists had begun doing research on Henriettas children, but the Lackses didnt seem to know what that research was for. if a computer has 32-bit memory address and there is 1 byte (8bits) of data stored at each address, what is the total capacity of the comp Why do you think Chadwick Boseman chose the roles he did throughout his actingcareer? If this rocket were used to launch a satellite would move after it was in orbit A _______________ is a smaller part of a whole number how could a global decrease in plant diversity affect the biosphere? i need help again please and thank you :) what is 2 ( 6x +1 ) equal to Can you answer for me please ASAP. what do you think brodburys purpose was in writing this story how does the setting he chose help him achieve his purpse citebdetails from the story to suport your answer