Answer:
d. a settlement is less costly than litigation.
Explanation:
Able Baker Co clearly did not consider the SEC securities regulations when it sold shares. Since they are at a disadvantage it will be better for them to settle than go through the litigation.
Settlements are quicker to resolve and less complicated than litigation. Legal fees during a drawn out court case and likelihood of paying judgement sum makes litigation more expensive.
Therefore it is cheaper for ABC to settle.
Answer: Timeliness
Explanation: In simple words, timeliness refers to the concept under which an information is being given or transferred to the user in an appropriate time so that is can be used effectively for the intended purpose.
In the given case, Maltec were placing their financial statements 10 days earlier.
Hence from the above we can conclude that the correct option is C .
Option A is correct.
Credit cards charge the highest interest rates.
Further explanation:
Credit card:
Credit card is issued by financial institutes such as banks. A credit card is a plastic card that allows the cardholders to borrow the funds from the respective bank and spend the funds as per their requirements. A credit card can be used for the purchase of goods and services. A credit card has a specific limit. It is known as a line of credit (LOC). The cardholder can withdraw or use the funds up to the LOC. The cardholder has to pay the borrowed amount along with interest on the borrowed funds after a specific period of time, which is defined and stated at the time of issuing the credit card.
Justification for the correct and incorrect answer:
A
Credit cards: This option is correct.
Credit cards are used for the purchase of products or services. Credit card charges the highest rate of interest than the mortgage loans or any other loans.
B
Cashier's checks: This option is incorrect.
Cashier’s checks are a check guaranteed by the bank or financial institution. They are mainly required by the brokerage transactions. They also charge a high rate of interest but not more than the credit card’s rate of interest.
C
Pre-paid cards: This option is incorrect.
Pre-paid cards include MasterCard, Visa, and American express, these can be used anywhere for purchasing any item like shopping or goods purchased. And pre-paid cards charge the lowest rate of interest for loading the amount in the card.
D
Payday loans: This option is incorrect.
A payday is a small amount of loan taken for any purpose. Payday loans are expensive but they do not charge a high rate of interest than the credit cards. They charge a high rate of interest depending upon the income of the borrower for taking short-term loans.
Thus, credit cards charge the highest interest rates.
Learn more:
1. Common credit card fee
2. Charging fee in case of credit card
3. Consequences of non-payment of monthly credit card payment
Answer details:
Grade: High School
Subject: Business studies
Chapter: Money and banking
Keywords:Which payment method typically charges the highest interest rates, Credit cards, Cashier's checks, Pre-paid cards, Payday loans, MasterCard, Visa, American express, lower, loading, amount, short-term, high rate of interest.
Answer: True
Explanation:
Telecommuting is an arrangement which allow a staff or an employee not work in the organization or company’s environment but from his or her house or another location.
Flextime give employees the opportunity to decide the time they will work that is the time they will start work and the time they will close and the place or location they will work.
The correct answer is true.
Answer:
The answer is d.
Explanation:
Market power is defined as the power possessed by a single individual or a company or a group of companies to have effect on the prevailing market power. Such a group has the power, which if exercised, can affect the prices and deter competition. These individuals or companies have this power over others because of the position they hold with respect to others on the basis of either their market share, market size, technical advantage or so on. Thus, option d which says the power of a single person or small group to influence market prices is the right answer.
Market power refers to the ability of a single entity or a small group to influence market prices. It typically arises when a firm is the dominant player in the market, giving it the ability to control the price of goods or services.
Market power refers to the power of a single person or small group to influence market prices (option d). It is the ability of a firm to control the price of a good or service in a market, by being the dominant player. For instance, if a single company produces a unique product that no other firms manufacture, the company can set the price as it will not face direct competition. This scenario illustrates a high degree of market power.
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