mike owns a house in a poor area of a large city. mike is on disability and his total monthly income is $700. a sales representative visits his home, selling a water purification system. mike signs a contract that calls for monthly payments of $500 for the next 10 years. the water system is worth no more than $1000. mike thought he was signing a permission slip allowing the salesman to conduct a free water test to determine the toxins in the water. how would a court most likely describe this contract?
Answers
A court would most likely describe this contract as unconscionable and may declare it void or unenforceable.
An unconscionable contract is a contract that is so one-sided and unfair that it is considered to be fundamentally unfair or oppressive. In this case, Mike, who is on disability and has limited income, signed a contract that requires him to make monthly payments of $500 for the next 10 years for a water purification system that is worth no more than $1000.
Furthermore, Mike thought he was signing a permission slip for a free water test, not a contract for an expensive water purification system. This suggests that the sales representative may have used deceptive or misleading tactics to obtain Mike's signature on the contract.
Given these factors, a court would likely find that the contract is unconscionable because it is so one-sided and unfair that it is fundamentally unfair or oppressive to Mike. As a result, the court may be inclined to declare the contract void or unenforceable.
In addition, if the court determines that the sales representative used deceptive or misleading tactics to obtain Mike's signature on the contract, the court may also find that the representative engaged in fraudulent or deceptive practices and impose additional penalties or sanctions.
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Related Questions
When the stock market as a whole is rising in value then it is referred to as a bear market. True or false?
Answers
Answer: False
Explanation: A bear market is when a market experiences prolonged price declines. It typically describes a condition in which securities prices fall 20% or more from recent highs amid widespread pessimism and negative investor sentiment.
What kind of policy has nepal adopted in foreign policy
Answers
Explanation: via ministry of foreign affairs website
Refer to Figure 34-7. If the economy is at point b, a policy to restore full employment would be a. an increase in taxes. b. a decrease in government purchases. c. an increase in the money supply. d. All of the above are correct.
Answers
Figure 34-7 illustrates the relationship between the aggregate demand and aggregate supply curves. Point b represents a situation where the economy is operating below full employment. In order to restore full employment, policymakers need to implement policies that will increase aggregate demand. Option c is correct.
An increase in taxes would reduce disposable income, thereby reducing consumption spending and aggregate demand. Therefore, option a is not correct. A decrease in government purchases would reduce government spending, which would also reduce aggregate demand. Therefore, option b is not correct. An increase in the money supply would lower interest rates, which would stimulate investment and consumption spending. This would increase aggregate demand and could help restore full employment. Therefore, option c is correct.
Option d, "All of the above are correct," is not correct as options a and b would actually reduce aggregate demand, making it less likely to restore full employment. In conclusion, if the economy is at point b, a policy to restore full employment would be to increase the money supply. This would stimulate investment and consumption spending, thereby increasing aggregate demand and helping to restore full employment.
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Which of the following is considered a fall prevention system because it stops a person from falling in the first place?
Select the best option.
Anchor
Guardrails
Personal fall arrest systems
Safety nets
Answers
Answer:
see the answer
Explanation:
I think it's safety nets
which of the following statements is correct regarding major influences on business buyer behavior?A.Emotion plays an important role in business buying decisions.B.Culture is more important to domestic B-to-B marketers than to global B-to-B marketers.C.Marketers in the B-to-B market are not concerned with competitive developments in their environment.D.Interpersonal factors have little influence on business buyer behavior.E.Economic factors have little influence on business buying decisions.
Answers
A: "Emotion plays an important role in business buying decisions" is correct regarding major influences on business buyer behavior.
In business buyer behavior, it is commonly recognized that emotions do play a significant role in the decision-making process. While logic and rationality are important factors, emotions can also influence the choices made by business buyers. This is particularly true in situations where there are personal preferences, brand loyalty, or emotional attachments to certain suppliers or products.
Emotional factors can include feelings of trust, confidence, satisfaction, and even personal relationships with suppliers. These emotions can influence the perception of value, the level of commitment to a supplier, and the overall satisfaction with the buying decision.
The correct answer is option A.
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_____ is a career typically requiring a certificate from a vocational school program. Lawyer Actor Sales clerk Automotive mechanic
Answers
Answer:
The answer is Automotive Mechanic
Explanation:
To start with, a vocational school program also known as vocational training or Career and Technical Education (CTE) and Vocational Education and Training (VET), is any program that provides job-specific technical training for a particular career.
Students enrolled for such programs are given hands-on instructions that can lead to the award of certification. Automotive Mechanic is the best option and right answer for this question because the career requires hands-on experience which can be taught by vocational school programs. Other careers that require vocational school programs are plumbing, wiring, shoe making among others.
Why is liability an especially important type of car insurance?
Answers
Answer: If you cause a car accident, liability insurance will cover injuries to other people and damage to their property. Liability car insurance, sometimes called "third-party" coverage, is one of the most important types of car insurance.
Explanation:
Which of the following are typically not part of the duties of a corporate travel manager?
-planning meetings and conferences
-managing travel budgets
-arranging business travel for company employees
-booking a cruise for employees' families
Answers
Answer:
booking a cruise for employees' families
Explanation:
A corporate travel manager is a senior officer in a company whose duties revolve around facilitating business travel. Their roles include planning business trips, organizing the company's business events, and any other corporate travel-related tasks.
The corporate travel manager is in charge of implementing the travel budget. They have to find the most cost-effective way of traveling without compromising business productivity and the corporate image.
You should inform the person who is writing your letter of recommendation of
all of the following things except
A. where you are applying and why.
B. when the letter is due.
C. what you would like him or her to write.
D. what type of financial aid you are seeking.
Answers
Answer:
D.what type of financial aid you are seeking
what is the market risk premium if the expected return on the market is 12.90 percent, the risk-free rate is 4.25 percent, and inflation is 3.02 percent?
Answers
The market risk premium is 9.63%. The market risk premium is typically positive, as investors demand a higher return for taking on more risk.
The market risk premium is calculated as the difference between the expected return on the market and the risk-free rate. In this case, the expected return on the market is 12.90%, the risk-free rate is 4.25%, and inflation is 3.02%. Therefore, the market risk premium is calculated as follows:
Market risk premium = Expected return on the market - Risk-free rate - Inflation
= 12.90% - 4.25% - 3.02%
= 9.63%
The market risk premium is a valuable tool for investors to use when making investment decisions. By understanding the market risk premium, investors can better assess the risk and potential return of different investments.
The market risk premium is a measure of the additional return that investors demand for investing in risky assets, such as stocks, rather than risk-free assets, such as government bonds. The market risk premium is typically positive, as investors demand a higher return for taking on more risk.
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Total revenue minus the total _____ and total _____ costs of production is economic profit. Multiple choice question. explicit; accounting explicit; modified implicit; explicit implicit; modified
Answers
Total revenue minus the total explicit and total implicit costs of production is economic profit.
Economic profit is accounting profit less implicit or opportunity costs. It is also total revenue less explicit and implicit cost.
Explicit cost is the amount used in running a business. Examples are rent and wages.
Implicit cost is the cost of the next best option that is let gone off when one option is chosen over other options. For example, a baker leaves his job to start his own business. His implicit cost is the wages he earned as a baker.
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Which statement regarding credit cards is true?
O Similar to a debit card, use of a credit card causes an immediate withdrawal from your linked bank account.
O Unlike a debit card, use of a credit card leads to a balance owed to the creditor that you must pay like a bill.
O similar to installment credit, a credit card requires you to pay a fixed monthly amount for use of the card.
OUnlike installment credit, a credit card must be secured by some form of physical collateral before using it.
Answers
Answer:
The second statement is true.
Explanation:
Unlike a debit card, which is linked to your bank account and causes an immediate withdrawal when you use it, a credit card allows you to borrow money from the credit card issuer to make purchases. This leads to a balance that you owe to the creditor, which you must pay back like a bill. The other statements are false. A credit card does not cause an immediate withdrawal from your bank account, and it does not require you to pay a fixed monthly amount or collateral to use it.
"Unlike a debit card, use of a credit card leads to a balance owed to the creditor that you must pay like a bill." This statement regarding credit cards is true. Option (b) is correct.
What do you mean by Withdrawal ?Withdrawal is the act of withdrawing something that has been granted or is in one's possession.
A credit card enables you to borrow money from the credit card provider in order to make purchases, as opposed to a debit card, which is connected to your bank account and results in an immediate withdrawal when you use it. As a result, you owe the creditor a balance that you must settle just like a bill. The other claims are untrue. A credit card can be used without immediate withdrawals from your bank account, a set monthly payment, or any kind of security deposit.
Therefore, Option (b) is correct. Unlike a debit card, use of a credit card leads to a balance owed to the creditor that you must pay like a bill.
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How does American style differ from Japanese style? Japanese style is identified as casually elegant, often using very luxurious fabrics while American style is noted for being chic, sophisticated, and smart. Japanese style is identified as casually elegant, often using very luxurious fabrics while American style is noted for being chic, sophisticated, and smart. American style is identified as casual, athletic, and clean-cut while Japanese style is noted for having complicated cutting and structure. American style is identified as casual, athletic, and clean-cut while Japanese style is noted for having complicated cutting and structure. American style is identified as casually elegant, often using very luxurious fabrics while Japanese style is noted for being chic, sophisticated, and smart. American style is identified as casually elegant, often using very luxurious fabrics while Japanese style is noted for being chic, sophisticated, and smart. Japanese style is identified as casual, athletic, and clean-cut while American style is noted for having complicated cutting and structure.
Answers
Answer:
American style is identified as casual, and ethic and clean cut while japanese style is considered poorly and has been noted for having complicated cutting and structure
Explantion:
got it right on Edge 2022
Please help
As part of the controlling function of management, a sales department's
manager measures each salesperson's performance for the month and compares it with monthly goals for sales. The manager sees that one salesperson has fallen short of his target. What should the manager do next?
A. Punish the salesperson.
B. Fire the salesperson.
C. Research the issue.
D. Reward the salesperson.
Answers
Answer: It’s research the issues
Explanation:
The other answer is wrong
The manager notices that one of his salespeople has fallen short of his goal, he should research the issue. Option C is correct.
What is the work of sales department's manager?A Sales Manager, sometimes known as a Sales Department Manager, is in charge of directing daily activities in the sales department. Sales managers are often in charge of hiring and firing people, identifying the need for and offering training, coaching sales reps, and creating sales territory.
Their responsibilities include hiring and training sales people, communicating information regarding sales targets from higher management to department workers, and creating leads to distribute among Sales Representatives.
As part of management's controlling responsibility, a sales department manager and If the manager sees that any of his salesmen has fallen short of his target, he should look into it.
Therefore, option C is correct.
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Owen is offered a contract to join a professional basketball team. He accepts their offer. What is TRUE about this acceptance?
A. Owen has offered his new team a consideration.
B. Owen has given his team power of attorney
C. Owen has now agreed to a living will,
D.Owen has participated in the concurrence of wills.
Answers
The truth about the acceptance of this scholarship from Owen is that Owen has participated in the concurrence of wills.
What is the concurrence of wills?
When we use this term, what is being said is that both parties involved in the contract have the same will or agreement.
This can be said that Owen and the team have the same will by getting to the same agreement.
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approximately how long will it take ethiopia to double its real gdp per person of $100 if its growth rate of real gdp per person is 0.9 percent?
Answers
It would take approximately 78 years for Ethiopia to double its real GDP per person of $100 if its growth rate of real GDP per person remains at 0.9 percent.
Based on the given information, we can use the Rule of 70 to estimate how long it will take Ethiopia to double its real GDP per person of $100. The Rule of 70 states that the doubling time can be estimated by dividing 70 by the annual growth rate.
So, if Ethiopia's growth rate of real GDP per person is 0.9 percent, we can calculate the doubling time as follows:
Doubling time = 70 / 0.9 = 77.8 years (rounded to the nearest whole year)
Therefore, It's important to note that this is just an estimation and that actual growth rates may vary over time.
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Suppose that, in a competitive market without government regulations, the equilibrium price of donuts is $1.00 each. Complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it is binding or nonbinding.
Statement Price Control Binding or Not
The government prohibits donut shops from selling donuts for more than $1.20 each. Due to new regulations, donut shops that would like to pay better wages in order to hire more workers are prohibited from doing so. The government has instituted a legal minimum price of $0.80 each for donuts.
Answers
The table can be completed by
Donuts for $1.20 is a binding floor priceDonuts for $0.80 is a binding ceiling price.What is a binding floor price?This is a price that is known to be above the equilibrium price. Selling donuts for 1.20 is a binding floor price
what is a binding price ceiling?This is the price that has been set below the equilibrium price by the government. The equilibrium price in the question is $1.00 hence:
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A pleasant smile, eye contact, and a firm handshake are examples of _____.
A.crafting a logical argument
B.probingdone
C.nonverbal communication
D.consultative selling
Answers
Answer:
Nonverbal Communication
PLEASE HELP!! I WILL GIVE BRAINLIEST!!!
Your manager has been asked to speak to a community group about an upcoming development project that will be demolishing an old mall and building a mixed-use space with apartments, retail, and office space—a topic that has created some controversy in the community. She’s asked for your help in putting together her presentation. Do you think that a live or virtual presentation would be most effective? Why? What types of multimedia elements do you think would be most engaging? Why?
Answers
Answer:
use both the photos to help with the anwer it cut the photo so you have to go back and forth for the anwer
If the account is interest bearing, how would you account for the interest when you reconcile your account?
1. subtract the interest from your running balance
2. add the interest to your running balance
3. forget about it since it is probably a small amount
4. keep a separate entry for interest
Answers
Answer:
the answer is 1 I do in fact think
The account for the interest when you reconcile your account is subtract the interest from your running balance Option(1) is correct. Stores have filled unequivocally as of late, despite the fact that there has been no development in interest-bearing protections.
What is Interest Bearing?An interest-bearing record is a kind of financial balance that pays the client an interest rate in return for them storing their cash at the bank.
The return and interest rate offered will change by bank and rely upon the record agreements. They can likewise change over the long run. There are various reasons you ought to open an interest-bearing record.
Not exclusively will you bring in cash from your reserve funds, yet you can keep it where you will not be enticed to spend it. It's dependably really smart to set aside cash and keeping one or even a few records that procure you interest is a shockingly better thought.
Families contribute around two-fifths of their monetary resources in interest-bearing resources. These resources are prevalently held straightforwardly in stores and furthermore through superannuation and other venture reserves.
Therefore Option(1) is correct.
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According to rankings by many people over the years what is the number one expectation that people have a job they will enjoy
Answers
Answer:
The number one expectation is that the job uses people's abilities to the best, and makes them feel accomplished.
One possible explanation for this is Maslow's hierarchy of needs, in which the need of self-accomplishment is at the top, meaning that this is the need of the highest order.
If people feel that they are achieving self-accomplishment in their jobs, then, it is very likely that they enjoy it.
If firms in a perfectly competitive market are incurring economic losses, then as time passes firms ________ and the market ________.
Answers
When companies in a competitive market are incurring a monetary loss, a number of the firms will go out of the market. As those corporations go out, the delivery decreases.
An aggressive marketplace is a term in economics that refers to a marketplace where there are a big amount of consumers and dealers and no unmarried consumer or dealer can affect the marketplace. competitive markets have no limitations to entry, lots of buyers and sellers, and homogeneous products.
The four popular forms of market systems consist of ideal opposition, oligopoly market, monopoly market, and monopolistic opposition.
A competitive market creates opposition amongst customers. which means one patron competes with another for an amazing or carrier, specifically for dwindled stock. for example, when it comes to buying tickets to a wearing event or music concert, customers often compete to buy high-quality seats.
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Companies purchase inventory that is primarily in finished form and ready for resale to customers.a. Trueb. False
Answers
The given statement "Companies purchase inventory that is primarily in finished form and ready for resale to customers" is true because Companies purchase inventory that is primarily in finished form and ready for resale to customers, such as goods that have already been manufactured and packaged for sale.
Inventory refers to the goods that a company has on hand and available for sale to customers. Companies typically purchase inventory that is already in finished form and ready for resale, rather than raw materials or unfinished goods that require further processing. Examples of finished goods inventory include products that have been manufactured, packaged, and are ready for shipment to customers.
For companies that engage in retail sales, finished goods inventory is a critical component of their business operations, as it allows them to meet customer demand and generate revenue. Effective inventory management is essential for ensuring that a company has the right products available at the right time, while minimizing costs and reducing the risk of excess or obsolete inventory.
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What are u guys thankful for
Answers
Answer:
God waking me up this morning also thx for asking how bout you
Explanation:
The clerk who opens mail is assigned responsibility for preparing a document which identifies all cash collections received in the mail for a given day. this document is called
Answers
The clerk who opens mail is assigned responsibility for preparing a document which identifies all cash collections received in the mail for a given day. This document is called Cash receipt prelist.
A clerk is a person who works in an office, typically doing administrative or secretarial work. Clerks are often responsible for keeping records, filing documents, and performing other office tasks.
In some cases, clerks may also be responsible for customer service or sales. Clerks typically work in business or government offices, though they may also be found in other settings such as schools or hospitals.
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Have you ever considered designing a program to help people? Here is your chance. Follow the instructions below to design some of the important elements of your own human services program.
Create a mission statement specific to what you are setting out to accomplish.
Consider the following questions and make notes:
What is the need?
Why do people need your organization?
Who will your organization help?
What is your service population?
Where will these services be made available?
How will you inform people of your services?
List Objectives/Tasks
Immediate
Objective 1: How will you complete this task? (Include logic and reasoning behind the objective: how long do you expect it will take your organization to succeed at accomplishing your objective?)
Long Term
Objective 2: How will you complete this task? (Include logic and reasoning behind the objective: how long do you expect it will take your organization to succeed at accomplishing your objective?)
Staff
How many direct service positions are available? What positions are they?
How many program-planning and design positions are available? What positions are they?
How many administrative positions are available? What positions are they?
What is the total number of staff members needed?
Budget
Define the needs of your organization, such as supplies, equipment needed, property, etc. What role will fundraising play in budget planning?
Evaluation
Design a method for monitoring your progress. Explain the details of how you intend to use this tool to ensure that you are on track for accomplishing your goals for your organization.
Name
Finally, after considering the nature of your organization, develop a name for it.
Make a presentation of your organization's mission statement, goals, target population, principles, etc. This can be in the form of a four-hundred-word essay, a three-page outline, or a graphic representation such as a chart.
Answers
To create a human services program, you must first develop a business plan that aligns with your needs and then create the mission statement.
How to create a business plan?It corresponds to a document used to identify all the needs of a new business, such as its risks, resources, legal requirements, mission, personnel needs, etc. successful.
The mission statement is developed to be the statement of the identity of a business in the market, that is, it is a summarized document that demonstrates the reason for the existence of the business, who are its stakeholders and what are the company's values.
Therefore, questions like "What is the need?" and "Why do people need your organization?" will serve as a guide that will direct the creation of the business plan and mission statement in a way that is more aligned with your objectives.
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True or false: Studying business does NOT offerlany benefits for those who decide to work for a government agency or a nonprofit organization
Answers
The following question is : false
The given statement stating that "the study of business would not help in knowing about the advantages of Non-profit organizations or government agencies" would be considered:
b). False
'Non-profit Organizations' are characterized as the 'type of business organizations or set up that does not work with the aim of profit but for social welfare. Similarly, the sole motive of a government agency is also 'social welfare.' However, the workings of both the kinds of organizations(business and NPOs) are similar like the recruitment of staff or volunteers, ensuring productivity, putting the revenue back to the firm for progression of its operations, etc. Both of them have a goal of leaving the maximum impact on the people. Thus, the given statement is false as studying about business would give a very clear idea about the various processes of an organization.Learn more about 'Non-Profit Organization' here:
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MetLife was able to dramatically expand its global footprint by acquiring Alico, a global player in the insurance business, from AIG in 2010 when AIG was in financial distress. This shows that not all diversification moves erode performance.
a) true
b) false
Answers
Answer:
True
Explanation:
It is true that not all diversification erodes performance. That is it is not all diversification moves that reduces performance or destroys it. Sometimes diversification could lead to greater risks or greater costs of investment. By diversifying and acquiring Alico metlife was able to increase and expand globally
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Which action would effectively and appropriately address a budget deficit?
A. reduce income
B. reduce expenses
C. apply for bankruptcy
D. apply for new credit
Answers
Answer:
It is letter B
Explanation:
Reducing expenses would effectively and appropriately address a budget deficit. Thus option B is correct.
What is the budget?A budget is a financial plan that projects future earnings and costs. A budget, put simply, forecasts future finances in addition to anticipated revenues and expenditures. Calculating the company's earnings and costs for a set period of time is the procedure for creating a budget.
Increasing tax rates while decreasing government expenditures are the two apparent ways to minimize a budget deficit. the reduction of government spending and/or the raising of taxes, which results in either a rise in the primary surplus or a decrease in the budget deficit. greater taxes and less funding by the government. If public spending is lower than tax receipts, a budget surplus results.
Therefore, option B is the correct option.
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Type the correct answer in the box. Spell all words correctly.
Samantha is part of a project management team working on the initiation phase of a project. What is her team expected to do in this phase?
In the initiation phase, Samantha's team needs to clarify the project's _____
and justify it.
Answers
Answer:
Explanation:
Initiation phase is the first phase of a project management where the project is evaluated to know the purposes it has to be done , how it will be done and the resources needed to execute it.
At this stage , Samantha's team has to clarify and justify the project's purposes and feasibility in order to know why it has to be done and also how it will be completed and its purpose achieved.