The white-box approach in auditing systems are :-
It is adequate when automated systems applications are relatively simple.
It is to audit around the computer.
The advantage of this approach is that the systems will not be interrupted for auditing purposes.
Auditing is defined as the on-web page verification interest, which include inspection or exam, of a procedure or nice device, to ensure compliance to requirements. An audit can follow to a whole company or might be precise to a function, system, or production step.
An audit is an "unbiased exam of financial facts of any entity, whether or not earnings oriented or not, no matter its length or legal form while such an exam is carried out on the way to specific an opinion thereon.”
The reason of an audit is to shape a view on whether the records presented within the financial record, taken as a whole, reflects the monetary function of the company at a given date.
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the growth of a particular industry within a local area can create specialized resources for that industry leading to a production cost advantage in that locality. this advantage is known as
The growth of a particular industry within a local area can create specialised resources for that industry leading to a production cost advantage in that locality. This advantage is known as industry economies of scale.
Economies of scale are cost advantages that businesses enjoy as a result of efficient production. In order to attain economies of scale, businesses must increase production while reducing expenses.This happens because costs are divided among a wider range of commodities.
Examples of economies of scale:
Bulk purchases allow a big box retailer to keep costs down per item.A larger manufacturing company can afford to invest in more effective production technologies than a smaller manufacturing company can.To know more about economies of scale:
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because it is a pass-through entity, an llc can avoid double-level taxation. double taxation refers to .
An L.L.C can avoid double-level taxation. Double taxation refers to the act of paying income taxes twice on the same income.
What is Double Taxation?
A tax principle known as "double taxation" refers to paying income taxes twice on the same source of income. When income is subject to both corporate and individual taxes, it may happen. When the same income is taxed in two separate nations for the same investment or transaction, this is known as double taxation. Because businesses are regarded as distinct legal entities from their stockholders, double taxation frequently happens. As a result, businesses pay taxes on their yearly income just as people do. Even though the earnings that provided the cash to pay the dividends were already taxed at the corporate level, when corporations distribute dividends to shareholders, those dividend payments result in income-tax liabilities for the shareholders who receive them.
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which of the following economic activities would be included in u.s. gross domestic product (gdp)? group of answer choices illegal prostitution pure services, such as haircuts work performed and paid for in cash to avoid income tax illegal drug sales
Pure services, such as haircuts is the economic activity that would be included in the U.S. gross domestic product (GDP).
GDP does not reflect illicit or covert economic activity. This implies that only pure services like haircuts can be included in GDP. Personal consumption, corporate investment, government spending, and net exports are the four main components of the gross domestic product. GDP measures the nation's annual total economic production.
Typically, economists concentrate on the ideal GDP growth rate, which is generally accepted to be between 2% and 3% annually. When a nation's GDP is increasing at this rate, it typically experiences economic growth without the drawbacks of high inflation. A country's GDP may vary as per it's population size and availability of resources.
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the responsibility for positive relationships in the workplace is placed on the hr department. group startstrue or false
The answer is true. In its most basic form, the HR (Human Resources) department is a group in charge of managing the employee life cycle (i.e., recruiting, hiring, onboarding, training, and terminating people) as well as administering employee benefits.
The major responsibility of a human resource manager is to handle a company's administrative functions, which include: Talent acquisition. This includes managing potential candidates, scheduling interviews with qualified individuals, and developing an onboarding process for new hires. Salary and benefits In general, HR processes are made up of a group of 'core processes.' In this view, the main functions of an HR department include crucial themes such as recruitment.
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tom's art supplies used to sell art supplies through mail order catalogs, but the company's data entry specialists often had difficulty deciphering their customers' handwriting on the order forms. since switching to an e-commerce site, tom's has enjoyed which advantage of e-commerce?
Since switching to an e-commerce site, tom's has enjoyed the increasing accuracy advantage of e-commerce.
E-commerce is the electronic purchase and sale of goods through online services or the Internet. It is classified into three types: business-to-business, business-to-consumer, and consumer-to-consumer.
It is a network of online sellers. This efficient method of purchasing allows the customer to create a bulk order online, which eliminates the hassle and makes the transaction faster and easier. E-commerce began as a standard for the exchange of business documents between suppliers and their business customers, such as orders or invoices.
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kelley borrows $3,000 from paul and orally agrees to repay him in three annual installments. most courts would hold:
The oral contract is enforceable because Paul entirely performed his obligation below the contract.
How do you prove an oral contract?Such oral settlement can be proved either by means of a recording of such agreement when it took vicinity or a witness before whom such agreement happened. This may want to be the evidence which a individual may want to furnish to show his right. Oral agreements are unstable and now not protected as one does not understand when all and sundry returned out from his personal words.
An example would be if you had been at a yard sale and supplied to purchase a piece of fixtures or an article of apparel for $100 and the yard sale host common your offer.
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https://brainly.com/question/28195988#SPJ4some of the employees of righteous apps, inc., decide that they want to be represented by the science workers union in bargaining with righteous apps over overtime pay and the times that the offices open and close. righteous apps, and some employees, including truman, are against the union. who can demand that a union election be held? if the union is elected, does it have to represent truman? if the union is elected, does righteous apps have to bargain over overtime pay and the times that the offices open and close?
The employees can demand that the union election be held. Members of the union have the powers over the running of the union affairs.
The nature of the relationship between the individuals in a couple is referred to as the type of union. In more detail, it shows whether a couple's members are legally wed or cohabitating. Freight drivers, warehouse employees, sanitation workers, and construction workers are just a few of the blue-collar jobs that are represented by the International Brotherhood of Teamsters, a labor union. The union bargains for its members' pay, benefits, and working conditions.
Employee categories:
Full-time personnel.
Those who work part-time.
seasonal personnel.
Permanent Staff.
Benefit Employees who earned less than one-third of the State's average quarterly wage during the Base Period are considered Class 2 Employees. This typically occurs as a result of a delay in the notification of IB/ESA termination.
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when consumers calculate the value of a product, they: a. eliminate all nontangible elements that might affect their perception of the product. b. subtract the cost of production from the market price. c. look at the benefits the product provides then subtract the cost. d. identify the variable and the fixed components of the product's benefits.
When consumers calculate the value of a product, they look at the benefits the product provides then subtract the cost.
A product's value is determined by how well it can satisfy and address the needs of customers. Pricing strategy can be changed in accordance with how valuable a product is to consumers. The value of a product to customers can also influence a product's development plan.
Product value is a helpful tool for evaluating the main advantages of a particular product. It is an extrinsic metric in that it can only be obtained from customers interacting with and using your product. Because it can fluctuate over time (i.e., perceived vs. real value) and is frequently influenced by outside factors like competitors and market conditions, product value is not a fixed measure.
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the megahit film studio has a licensing right (or agreement) to distribute films produced by the artsy film company. how would the megahit company classify this licensing right?
The Megahit company classifies this licensing right as an Intangible asset.
Among the items that lack physical substance but offer long-term benefits to the business are patents, copyrights, trademarks, trade names, franchise licenses, government licenses, goodwill, and others. Intangible assets are treated by businesses in the same way as depreciable assets and raw materials.
Intangible asset costs are methodically assigned to costs during the course of the asset's useful life, which is limited to 40 years and can never exceed the asset's legal life. Amortization is the process of charging expenses with the cost of intangible assets.
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write a description of a job interview you have had. a. did you understand the criteria to be used in making a hiring decision? b. did you make arguments in response to the criteria? c. did the job decision rest on the criteria? d. in all, do you think the decision was critical or uncritical, and why?
Focus your response to this interview question on the abilities and characteristics that most closely match the role's requirements.
For instance: Soft or hard skills, like expertise in software or exceptional customer service skills. qualities like dedication, perseverance, and determination.
What should the interviewer's criteria be?
In addition to a solid understanding of the position and previous experience managing people, you should have strong conversational and active listening skills.
What is the most crucial requirement for taking the job offer?
When deciding whether or not to accept a job offer, salary is often viewed as the most important consideration.However, before you agree to accept the salary that has been offered to you, you need to determine the actual value of your experience and skills.
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a manufacturer of educational toys for children aged 2 to 4 wants to develop a marketing strategy to focus on just this segment. which market segmentation approach would the firm most likely use?
The strategy that the company would most likely employ for market segmentation is the concentration approach.
What does the approach for segmenting a concentrated market entail?One of four segmentation strategies that can be used (the others being differentiated segmentation, product line growth, and market segment expansion); under a concentrated segmentation strategy, a company focuses on one product for one market segment.
What does marketing's concentration approach entail?A concentration strategy is when a company concentrates on a certain clientele, a particular product, or a particular geographical market. As the name suggests, the main goal is to enable the company to focus its efforts rather than diversify them.
What, using an example, is concentration strategy?A smart and practical business strategy is concentration. It competes in the same market and concentrates on a specific niche. The top fast-food companies in the world, including Subway, McDonald's, and Starbucks, all employ the same concentration strategy of focusing on a single type of customer.
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3. refer to the data below. if the firm is hiring workers under purely competitive conditions at a wage rate of $10, it will employ:
Based on the given data, if the firm is hiring workers under purely competitive conditions at a wage rate of $10, it will employ 5 workers
What is Marginal Revenue?This refers to the income gained by selling one additional unit of a given product.
Hence, it can be seen that the number of workers the firm will employ will be calculated using the relationship of MRP= MRC.
Where
MRP is the marginal revenue product MRC is the marginal revenue cost.Thus, the labor demand curve of a purely competitive seller: slopes downward because the marginal product of successive workers declines, and thus, they would employ 5 workers.
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Based on the decision in mcnabb v. U. S. , the standard maximum time by which a first appearance should be held has been set at ________ hours after arrest.
Based on the decision in mcnabb v. U. S. , the standard maximum time by which a first appearance should be held has been set at 48 hours after arrest.
In a different set of rulings, the Supreme Court held that confessions obtained after "unreasonable delay" in bringing suspects to court for arraignment could not be used as evidence in a federal court.
These rulings were not based on constitutional principles, but rather on the Supreme Court's general authority to supervise the federal judicial system.
This criterion was first stated by the court in McNabb v. United States (1943), which overturned two convictions for second-degree murder because they were almost completely based on confessions given after the prisoners underwent three days of questioning by the police without the presence of a lawyer.
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how important is food preservation in our livelihood
Answer:
in order to save food and to keep food for long periods of time
belmont corporation issues $100,000 of 7% bonds, due in 10 years, when the market rate of interest is 5%. interest is paid semiannually on june 30 and december 31. the issue price of the bonds is:
Belmont corporation issues $100,000 of 7% bonds, due in 10 years, when the market rate of interest is 5%. interest is paid semiannually on june 30 and December 31. the issue price of the bonds is: $104,464.
What is corporation ?A corporation is an organization authorized by the State to act as a single entity and legally recognized as such for a specific purpose. 10 Early corporation entities were incorporated by law. Most jurisdictions now permit the formation of new companies by registration. Corporations come in many forms, but are usually divided by the laws of the jurisdiction in which they are licensed based on two aspects: whether they can issue shares or whether they are incorporated to make a profit. Depending on the number of owners, legal entities can be classified as joint stock companies. One of the most attractive early advantages that corporations offered investors compared to early business entities such as sole proprietorships and limited partnerships was limited liability.To learn more about corporation from the given link :
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How does the punishment for late payment of student loans differ between Federal and private loans?
Federal student loans and federal parent loans: the federal government funds these loans. Private student loans: These loans are confederal loans.
What is a loan?In finance, a loan is the lending of money by one or more someone, social group, or other entities to other individualists, organizations, etc. The recipient receives a debt and is usually liable to pay interest on that debt.
The federal government funds these loans. Buck private student loans: These loans are confederal loans, made by an investor such as a bank, credit union, state agency, or school.
Therefore, loans are confederal loans for Federal student loans and federal parent loans
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a patent gives the inventor group of answer choices exclusive right to manufacture, exploit, use, and sell the invention for a given time period. the right to use the invention until development costs are recouped. the right to keep the patented process but not the product for five years. property rights for 10 years.
The inventor is granted exclusive rights to manufacture, use, exploit, and sell the invention for a specified period of time through a patent.
Patents are legal titles that grant the owner or inventor the exclusive right to use and commercially exploit an invention in a particular territory for a period of twenty years (once granted) following the filing of the patent application.
What exactly is an inventor's exclusive right?An invention is a product or process that, in general, provides a novel method of doing something or a novel technical solution to a problem, and it is protected by a patent. In order to obtain a patent, the public must be informed of the invention's technical details in a patent application.
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you are hired as a consultant to advise a small firm on forecasting methodology. based on your research, you find the company has a mad of 3. it wants to have a 99.7 percent control limits on its forecasting system. its most recent tracking signal value is 15. what should be your report to the company? multiple choice the forecasting model is operating acceptably. the forecasting model is out of control and needs to be corrected. the company is using an inappropriate forecasting methodology. the upper control value is less than 20. the mad value is incorrect.
A small business The forecasting model needs to be fixed because it is out of control.
What would you say is a tiny business?It uses firm income (from $1 million to over $40 million) and employment to define small businesses (from 100 to over 1,500 employees). For instance, a roofing contractor is considered a small business by the SBA if its yearly sales is $16.5 million or less. Selling artwork, taking photos, making independent movies, running dancing studios, and many more small companies are examples. The more lucrative ones include hand-made arts and crafts, virtual art workshops, and photography and videography. Small businesses are at the forefront of innovation — they produce more than 16 times more patents per employees than large companies. All of those new, emerging technologies benefit our quality of life by introducing transformative new products and services
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what is the overall management of the availability, usability, integrity, and security of company data?
Data governance is the overall management of a company's data availability, accessibility, integrity, and security (DG).
It is the system in charge of making sure that information is accurate, dependable, high-quality, and secure.
It is a component of business software, which is built on internal data standards and laws governing the usage of data.
The provision of accurate, reliable information and prevention of information misuse are achieved by effective data management in this procedure.
Data governance is the general management of an enterprise's data availability, usability, integrity, and security. Global organizations have had to update their data management systems due to the enormous growth in data volume and sources.
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in general, which of the following rankings, from highest to lowest cost, is most accurate? group of answer choices cost of preferred stock, cost of new common stock, cost of retained earnings, cost of debt cost of new common stock, cost of preferred stock, cost of debt, cost of retained earnings cost of new common stock, cost of retained earnings, cost of preferred stock, cost of debt cost of debt, cost of preferred stock, cost of new common stock, cost of retained earnings
In general, the cost of new common stock, cost of retained earnings, cost of preferred stock, and cost of debt rankings, from highest to lowest cost, are the most accurate.
An inventory, additionally known as fairness, is a protection that represents the ownership of a fragment of the issuing organization. units of inventory are referred to as "stocks" which entitles the proprietor to a proportion of the corporation's belongings and income identical to how much inventory they very own.
Stock is the cost of the goods which you have access to promote to your customers. if you sell offerings in place of goods, you won't have any stock. The inventory might consist of raw materials which you purchase to make your items, 1/2-finished goods (called 'paintings in progress), and completed items.
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the ability to draw on internal capital is a useful economy of scope for diversified firms. however there is a potential for the firm to experience the phenomenon known as .
Costs are spread across a variety of products, a business that reaps the benefits of economies of scope has lower average costs. Because costs rise with production, a business that reaps the benefits of economies of scale has lower average costs.
What is effective allocation of internal capital markets?An effective internal capital market allocates funds to maximize shareholder wealth when firms have limited funds for investment because external funds are more expensive than internal funds.
What is an illustration of an economy of scope?A dine-in restaurant with a bakery counter where customers can buy pastries or pies to take home is a typical example of economies of scope.
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how do teams differ from groups? multiple choice teams have no limits on the number of members, whereas groups have a restricted membership. members of teams work independently of each other, whereas those in groups show greater dependence on each other. members of teams work toward individual goals that may or may not be related, whereas groups have a common goal. members of teams interact with a specific task-related purpose in mind, whereas groups members do not. teams have a no fixed duration, whereas groups last only for a specific amount of time.
Teams differ from groups in the way that members of teams have a specific task-related purpose in mind, while groups do not.
A group can be people whom you know and interact with. On the other hand, a team is the people with who you work in order to achieve a common goal or to finish a task.
A group is not necessarily made for finishing a task. In a group, there is no responsibility to act for a common goal. On the other hand, in a team, each member has the commitment to collaborate with each other in order to reach an objective or to conquer a goal. There is a specific task given to a team that has to be completed.
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planning for which of the following products would see the least benefit from the use of an mrp system? multiple choice microwave ovens mobile phones shampoo power lawn mowers
Shampoo. products would see the least benefit from the use of an MRP system.The greatest benefit from MRP is attained when planning complex, discrete products that are assembled such as microwave ovens, mobile phones, and power lawnmowers.
What is MRP system?
A system called MRP is used to schedule manufacturing production. With the aim of satisfying customer needs and boosting overall productivity, it identifies necessary materials, estimates quantities, determines when materials will be required to meet the production schedule, and manages delivery timing.
An essential control parameter of SAP's MRP processing is an MRP type. It is defined in the material master of production-relevant materials and generally regulates the set of actions that take place throughout an MRP run. ND, PD,P1,P2, and additional MRP types are among the numerous types.
The Master Production Schedule (MPS), Inventory Status File (ISF), and Bill of Materials are the three fundamental inputs of an MRP system (BOM).
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xavier has decided to open his own business. her earned $50,000 in accounting profit in his first year. when deciding to open his own business, he turned down three separate job offers with annual salaries of $40,000, $50,000, and $ 55,000. what is xavier's economic profit from running his own business?
a) $5,000 is the response. Opportunity costs are of interest to economists. All that is sacrificed in order to make a particular choice is the opportunity cost. The benefits of the best alternative use of a business's resources are deducted by economists.
Monetary benefit is the bookkeeping benefit short the worth of the best option in contrast to beginning the business. The next best option for Jaqui is the highest salary she could have earned if she hadn't started her business. That amounts to $45,000 in pay.
Accounting profit minus $45,000 equals $5,000 in economic profit.
What is meant by economic profit?
profit is the difference between total revenue and total costs over a given time period in business. Profit is the difference between the returns to capital, land, and labor (interest, rent, and wages) in economics.
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to evaluate the market potential of its nacho fries, a fast-food company started offering and promoting the product in select cities in florida and ohio. this move is an example of
This move is an example of franchise. A franchise, also known as franchising, is a method of marketing products or services where a franchisor develops the trade name and the company of the brand. '
A franchisee who pays a royalty and frequently an upfront fee to have the right to use the franchisor's name and system. There are three primary categories of franchise opportunities: franchising models for businesses. franchisees with a single operator or a product the industrial franchising. A company arrangement known as franchising involves two parties sharing the right to sell one other's goods and intellectual property.
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a successful sushi chain in hong kong spent $500,000 to conduct a study on whether to open a location in the united states. the study showed that the best place for the company to open their first location would be in chicago. when conducting its capital budgeting analysis, how should the company account for the cost of the study when estimating the amount of the initial investment that the new store will require? the company should include it in the amount of the initial investment. the company should ignore it.
The company should disregard the study's expense.
Capital budgeting analysis is a business finance technique used to analyze the viability of a project or endeavor. The methods of capital budgeting analysis incorporate the use of expected future incomes and expenses to determine the viability of a project.
The cost of the study should not be included because it has no bearing on future project inflows. The capital budgeting formula takes into account estimated future inflows and outflows but not past costs. The cost of the study is an overhead expense rather than a direct project expense.
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what are three advantages of regional market integration that can result in cost savings to a business?
three advantages of regional market integration that can result in cost savings for a business are:
-Harmonized product standards
-Free movement of goods across borders
-Simplified tax regimes
Regional integration enables countries to avoid these costly divisions by linking the markets for goods, services, and factors, facilitating the mobility of people, ideas, capital, energy, and goods. Regional integration may be supported through shared institutional and physical infrastructure.
Nations can overcome divisions that obstruct the free flow of money, labor, goods, services, and ideas by integrating regionally. These divisions impede economic progress, especially in underdeveloped countries.
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he following information is available in regard to revenues from charm city toys, a customer of the plush toy division of carmel manufacturing. revenues $500,000 cost of goods sold 400,000 goods-handling labor 75,000 goods-handling equipment - depreciation 87,500 rent 12,500 marketing support 37,500 sales-order and delivery processing 12,500 general administration 5,500 allocated corporate-office costs 5,000 635,500` operating loss ($135,500) cost of goods sold, goods-handling labor, marketing support, sales-order, and delivery-processing costs can be saved if the account is withdrawn. there is no alternate use for warehouse space and goods-handling equipment. should carmel manufacturing continue selling to charm city toys?
Yes, as dropping the Sweet Inc. account will lead to a reduction in overall operating income by $375,000.
Revenue 1000000
Less: Avoidable costs
Cost of goods sold 500000
Goods-handling labor 50000
Marketing support 50000
Sales-order and delivery processing 25000
Total costs 625000
Incremental income 375000
Redox is a type of chemical reaction wherein the oxidation states of the substrate change. Oxidation is the loss of electrons or an increase inside the oxidation nation, likewise, the discount is the benefit of electrons or a decrease in the oxidation country. There are two training of redox reactions: Electron-switch – the most effective one (commonly) electron flows from the lowering agent to the oxidant. This kind of redox reaction is often discussed in the time period of redox couples and electrode potentials. Atom switch – an atom transfers from one substrate to another.
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which of the following is true of disposition of collateral? group of answer choices the debtor is entitled to receive any surplus collateral that remains after disposition. the debtor need not be notified of the disposition as the creditor has complete claim on the collateral. disposition of collateral occurs when the default is by the creditor. disposition of collateral must be a public proceeding.
The true statement for disposition of collateral is --- The debtor is entitled to receive any surplus collateral that remains after disposition.
Option A is correct .
Disposition of collateral :Collateral Disposition means any trade, transfer or other disposition to the limitation affecting capital or other rights or property that comprise Collateral under the Security Documents. Collateral Disposition means the trade, frontage, transfer or other disposition of the Vessel by the Borrower to any Person( it subsisting decided that a allowed Chartering Arrangement isn't a Collateral Disposition) or the trade of 100 of the Capital Stock of the Borrower.
Collateral surplus :Collateral Surplus means, with respect to any allotment Date, the excess, if any, of( a) the quantity on deposit in the Cash Collateral Account plus the Collateral Invested quantum over( b) the lesser of( x) the needed Collateral quantum or( y) at any time the Class B Invested quantum is lesser than zero and as long as an Early Amortization Period isn't in effect, at the option of the dealer( as substantiated by written instructions to the Servicer and the Trustee), similar advanced quantum as the dealer shall specify, from time to time, in similar instructions.
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which historical perspective is grounded in the twin notions of the freedom of the marketplace and of market competition that became dominant in the 1990s and continues with force today?
The foundation of the free marketing point of view is the coexisting, powerful ideas of market competition and market freedom that first gained traction in the 1990s.
What are types of freedom?Freedom of expression, freedom of thought, freedom of expression, freedom of press, freedom to select ones personal position in life, freedom from religion, freedom from slavery and servitude, and freedom of mobility are some examples of different types of freedom.
What is freedom and why is it important?Freedom, in essence, is the capacity to choose our own actions. We are free to express our opinions openly, to follow the course we want to take in existence, and to interact with anyone we desire. This enables us to be unique individuals who may design our own special lives.
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