The price elasticity measures how responsive the quantity change is in relation to the price change. It's true that when the price goes down, the quantity demanded goes up.
Hence, the price elasticity of demand measures how sensitive the quantity demanded is to a change in price.Price elasticity of demand (PED) is the responsiveness of the quantity demanded for a product to a change in price. In other words, PED examines how much the demand of a commodity changes when there is a change in the price of that commodity.Therefore, if the demand for a commodity is relatively unaffected by changes in its price, it is said to be inelastic. However, if a small change in the price of a commodity leads to a significant change in the quantity demanded, the demand for that commodity is said to be elastic.
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When the price goes down, the quantity demanded goes up. The price elasticity measures how responsive the quantity change is in relation to the price change. It measures the extent to which changes in demand are influenced by changes in price, or how sensitive the demand for a good is to changes in its price.
Price elasticity of demand is a measure of how responsive the quantity demanded is to a change in price. It is calculated as the percentage change in quantity demanded divided by the percentage change in price. If the demand for a good is highly elastic, a small change in price will result in a large change in the quantity demanded. Conversely, if the demand for a good is inelastic, a change in price will have little effect on the quantity demanded.
Quantity demanded refers to the amount of a particular good or service that consumers are willing and able to purchase at a given price during a specific period of time. It represents the quantity of a product or service that individuals or markets desire to buy at a specific price point.
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Which of the following techniques allows explicit consideration of more than one possible outcome?a. Operating leverage.b. Present value.c. Least square’s regression.d. Expected value.
The technique that allows explicit consideration of more than one possible outcome is d. Expected Value.
Expected Value is a statistical measure that calculates the potential outcome of an event by multiplying each possible outcome by the probability of its occurrence and then adding those products together. By using this technique, decision-makers can consider all the possible outcomes of a particular decision and weigh them against their probability of occurring, allowing them to make more informed decisions. Operating leverage, Present value, and Least square's regression, on the other hand, do not allow explicit consideration of more than one possible outcome. Operating leverage measures the impact of changes in sales on a company's operating income, while Present Value calculates the current value of future cash flows. Least square's regression is a statistical technique used to predict future outcomes based on historical data. In summary, when considering multiple outcomes, d. Expected Value is the most appropriate technique to use.
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Sales tax is deducted from your gross wage.
True
False
Answer:
False
Explanation:
Sales Tax is applied when you purchase something.
Sales tax is deducted from your gross wage is the false statement, as sales and gross wages are two different things.
What is Sales tax?The government levies a consumption tax known as a sales tax on the purchase of goods and services. At the point of sale, a standard sales tax is imposed, collected by the shop, and paid to the government.
Thus, the statement is not true.
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The government claimed that, to illegally control the market, Microsoft used
a. predatory pricing and mergers.
b. predatory pricing and buying out competitors.
c. predatory pricing and forming a cartel.
d. predatory pricing and requiring customers to buy other products.
Answer:
B. Predatory pricing and buying out competitors
Checking account transactions are NOT reported to the credit bureaus and do not affect your credit score. Why is it still important to manage your checking account well?
Answer: Too see if anyone is stealing or charging extra fees
Explanation:
The following costs were incurred in August:Direct Labor $14,000Direct Materials $37,000Manufacturing Overhead $38,000Selling Expenses $10,000Administrative Expenses $28,000What were conversion costs for the month?
Answer:
Conversion cost=$52,000
Explanation:
Conversion cost is the sum of direct labour cost and the manufacturing overheads incurred to transform direct material into finished goods.
Direct labour cost is the amount paid to workers directly engaged for production purpose.
Manufacturing overhead is the sum of indirect material, indirect labour and indirect expenses incurred for production purpose
Conversion cost = Direct labour cost + Manufacturing overhead
= $14,000 + 38,000= 52,000
Conversion cost=$52,000
The law provides a mechanism to _______ arising from _______ and allows parties to enforce promises in a court of law.
The law provides a mechanism to resolve disputes arising from agreements or contracts and allows parties to enforce their promises in a court of law.
Here's a step-by-step explanation:
1. The law provides a mechanism: When two parties enter into an agreement or contract, the law establishes a system to address any disputes that may arise from it.
2. Resolving disputes: If a disagreement occurs between the parties involved, the law offers a process to resolve the dispute. This process may involve negotiations, mediation, or, if necessary, taking the matter to court.
3. Enforcing promises: The law ensures that parties can enforce the promises made in the agreement or contract. If one party fails to fulfill their obligations, the other party can seek legal recourse to enforce the terms of the agreement and seek appropriate remedies.
4. Court of law: If the dispute cannot be resolved through negotiations or mediation, the parties may resort to taking the matter to court. In court, a judge or jury will review the evidence, listen to arguments, and make a decision based on the applicable laws and legal principles.
In conclusion, the law provides a mechanism for resolving disputes arising from agreements or contracts and allows parties to enforce their promises in a court of law. This ensures that individuals and businesses can rely on the legal system to settle disagreements and hold each other accountable for their commitments.
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I WILL GIVE BRAINLIES, FIVE STARS AND MY THANFUL THANKS!!!~
Using complete sentences post a detailed response to the following.
Lionel works for an energy company interested in drilling for oil off the coast of a small island. The representative for the local fishing industry, Rochelle, says that locals are vigorously opposed to Lionel’s idea. A town meeting is held. Lionel explains how his company is dedicated to practicing the safest drilling techniques. He explains that oil piped from the ocean’s floor is purer and that it can be harvested in a more efficient way than an oil rig on land. Lionel also emphasizes how much the trucks carrying fish to the markets all over the country would save if local oil was able to be used. Rochelle fires back that in the past, serious accidents with offshore oil drilling have been reported. She points out that if there were a spill, the resulting death of fish would cost the local fisherman their livelihood. Local opinion on the issue is split. Before the town agrees to side with Lionel’s energy company or Rochelle’s local fish industry, officials order a report from a biotechnologist. Everyone agrees to go with what the biotechnologist recommends. Which side do you think the biotechnologist will agree with? Why?
Answer:
they need more detail because how is his livelihood
Explanation:
Explain the difference between the two main types of employer-sponsored retirement plans
The two main types of employer-sponsored retirement plans are defined benefit plans and defined contribution plans. Here's an explanation of the differences between the two:
1. Defined Benefit Plans:
- In a defined benefit plan, the employer promises to provide employees with a predetermined retirement benefit based on a formula, typically tied to factors like years of service and salary history.
- The employer bears the investment risk and is responsible for funding the plan to ensure the promised benefits are met.
- The retirement benefit is usually a fixed monthly amount, often calculated as a percentage of the employee's salary at retirement or an average of their earnings over a specific period.
- The ultimate retirement benefit depends on factors like the employee's length of service and salary level, rather than individual contributions or investment returns.
- Examples of defined benefit plans include traditional pension plans.
2. Defined Contribution Plans:
- In a defined contribution plan, employees contribute a portion of their salary, and in some cases, the employer may also contribute to the plan on behalf of the employee.
- The contributions are invested in individual accounts, typically in investment options chosen by the employee from a range of options provided by the plan.
- The retirement benefit in a defined contribution plan is based on the contributions made, investment returns, and the account balance at retirement.
- The employee bears the investment risk, as the performance of the investments directly affects the retirement savings.
- Common examples of defined contribution plans include 401(k) plans, 403(b) plans, and Individual Retirement Accounts (IRAs).
In summary, the key difference between defined benefit and defined contribution plans lies in how the retirement benefit is determined and who bears the investment risk. Defined benefit plans provide a predetermined benefit based on a formula, with the employer assuming the investment risk. Defined contribution plans, on the other hand, depend on individual contributions, investment returns, and employee-directed investment decisions, placing the investment risk on the employee.
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Which of the following is a household factor that influences purchase and consumption behavior?
household decision process
structure of household unit
structure of household unit and stage of the household life cycle
structure of household unit, stage of the household life cycle and household decision process
stage of the household life cycle
The household factor that influences purchase and consumption behavior is the **structure of the household unit** and the **stage of the household life cycle**.
A household's structure, including the number of family members, their ages, and relationships, affects the types of products and services needed. Additionally, the stage of the household life cycle, such as newlyweds, families with young children, or empty nesters, also plays a significant role in shaping consumption behavior. Different life stages have varying needs, financial situations, and priorities, leading to different purchasing decisions. By understanding these factors, marketers can better tailor their offerings to meet the needs of their target audience and improve their chances of attracting potential customers.
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Why is it important for o evaluate your advertising campaign when it is complete?
Answer:
A well-documented evaluation of your campaign builds credibility and respect. It helps determine if your ads are hitting the target audience, and what are their opinions and feedback on it.
Explanation:
The evaluation of your advertisement campaign helps in enhancing transparency and the report showcases the achievements you have attained during this and also helps showcase the entire campaign to every key stakeholder. It helps in building trust across the various departments in the company and enables them to measure the strengths and weaknesses of the campaign, in order to adjust for future campaign drives.
Production is not complete Until goods
reaches the final Consumer Explain
Answer:
B. goods reached the final consumer
Multiple-choices
A. goods gets to the wholesaler
B. goods reached the final consumer
C. factors of production are combined
D. goods are ready for transportation
E. wholesalers ask the firms to produce
Explanation:
Like all other businesses, a firm that produces goods for sale is driven by profit motives. The producer's main objective is to make goods that satisfy the customer's need and make profits. For this objective to be met, the producer must find a way of getting the goods to the consumer.
A marketing distribution channel or the distribution channel is the avenue producers use to deliver their products to final consumers. The channel has businesses ranging from distributors, wholesalers to retailers. The retailer is the final trader who sells directly to consumers. It is the consumer that pays the price for the goods, thereby earning the producer their profits.
Recently the top management of Lucky cement decided to start a new business in completely new market with new product lines i.E. Lucky One Mall. Identify the corporate level strategy used by the firm. Justify your answer.
Answer:
Diversification
Explanation:
Corporate level strategy is a decision made by the top management of a firm with the aim of seeking new business methods to expand an already existing business. Diversification is a corporate level strategy in which an organization ventures into a completely new market with new product lines. The diversification could be related to the existing products the company operates (concentric diversification) or to an unrelated market(conglomerate diversification).
When Lucky Cement decided to start a new business in completely new lines, they have just embarked on diversification. The diversification might also be to just one product or different products.
In the evolution of Buddhist architecture, early burial mounds led most directly to the Indian called?
In the evolution of Buddhist architecture, the early burial mounds led most directly to the Indian called Stupa. The Stupa is a monumental structure that serves as a Buddhist shrine and is also known as a Pagoda. It is a dome-shaped structure that contains sacred relics, such as the remains of Buddha or his followers.
The Stupa is an essential element of Buddhist architecture and has played a significant role in the evolution of Buddhist religious structures.The origin of the Stupa can be traced back to the early Buddhist period in India when the tradition of burying the ashes of important people in mounds became widespread. Over time, these mounds grew in size and became more elaborate. They were decorated with symbols and carvings that represented Buddhist teachings and beliefs. The mounds were also used as a place of worship and pilgrimage.The first Stupa was built in Sanchi, India, during the reign of Emperor Ashoka in the 3rd century BC. The Stupa was built to enshrine the remains of Buddha and his disciples. It was a simple structure that consisted of a dome-shaped mound, surrounded by a fence, and topped with a stone umbrella. The Stupa was decorated with carvings and symbols that represented Buddhist teachings.Over time, the Stupa evolved and became more elaborate. It was adorned with sculptures, carvings, and paintings that depicted stories from Buddha's life and teachings. The Stupa also became more significant in Buddhist worship, and people started to believe that circumambulating the Stupa would bring good luck and enlightenment.
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Macro Electric has a predominantly non-Hispanic workforce, but the population from which they draw their electricians is largely Hispanic. Macro Electric is trying to make amends for their past hiring practices, so they set a goal of hiring 20% Hispanic electricians, a percentage that is more in line with the existing population. Macro Electric managers are now advertising their jobs on Spanish language radio stations and by posting flyers in Hispanic neighborhoods. What is Macro Electric doing as a company with these actions
Answer: C. Affirmative action
Explanation:
Sometimes a particular group (race, gender, nationality etc) might not be adequately represented in the workforce of an organization be it government or private. This organization can take actions to ensure that an adequate number of that group is represented in their workforce and when this happens, it is called Affirmative Action.
Affirmative action came by as a result of a realization that the U.S. was dominated by particular groups even though many groups lived there so action was needed to balance out this situation.
___________ will increase pressure on corporations to push authority downward in theirorganizations. This means every line manager will have to exercise leadership prerogatives to anextent unthinkable a generation earlier.
A. Globalization
B. Fragmentation of industries
C. Consolidation of industries
D. The accelerated pace and complexity of business
The accelerated pace and complexity of business in today's world will increase pressure on corporations to push authority downward in their organizations.
This means that every line manager will have to exercise leadership prerogatives to an extent that was unthinkable a generation earlier.
The accelerated pace of business refers to the faster rate at which companies must operate and make decisions in order to stay competitive. Rapid advancements in technology and communication have accelerated the speed of business transactions, information sharing, and product development. As a result, organizations need to be agile and responsive, which requires delegating decision-making authority to lower levels of management.
Furthermore, the complexity of business has also increased significantly. Companies now operate in a globalized marketplace, facing diverse customer demands, regulatory frameworks, and competitive landscapes. They also deal with intricate supply chains and intricate technological systems. To effectively navigate this complexity, corporations must distribute decision-making power to those closest to the frontline operations who possess the necessary knowledge and expertise.
In summary, the accelerated pace and complexity of business compel corporations to push authority downward. This allows for quicker decision-making and adaptability in the face of rapid changes and intricate business dynamics. Line managers must step up and exercise leadership to meet these challenges head-on.
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rooney services company has 70 employees, 31 of whom are assigned to division a and 39 to division b. rooney incurred $420,700 of fringe benefits cost during year 2. required determine the amount of the fringe benefits cost to be allocated to division a and to division b.
A cost of $6010 per employee B a cost of $163310 $234390. Fringe benefits are any non-wage payments or benefits offered by employers to members of staff, such as public pensions, income schemes, overtime pay off.
including existence, medical, and income support training programmes.
Given that, the cost of perks and benefits over two years was $420,700, and 31 workers worked in division A.
39 personnel are employed in division B.
(a) Allocation rate: = Total cost to be assigned Cost driver = $420,700 70 = $6010 per employee.
(b) The cost allocated to A is calculated as follows: Division Allocation Rate Weight of Base (Number of Employees) = $ 6010 31 = $186310.
Cost allocated to B is calculated as follows: Division Allocation Rate Weight of Base (Number of Employees) = $6010 39 = $234390.
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Julie and Barry Spinos purchased a house for $96,400. They made a 25 percent down payment and financed the remaining amount at 5.50 percent for 30 years. Their monthly payment is $410.66. How much of the first monthly payment is used to reduce the principal?
Answer: $79.30
Explanation:
Cost of the house = $96400
Down payment = 25% × $96400 = $24100
Mortgage = $96400 - $24100 = $72300
Interest = 5.5%
Time = 5 years
Monthly payment.= $410.66
The interest for first payment will be:
= $72300 × 5.5% × 1/12
= $72300 × 0.055 × 0.08333
= $331.36
Therefore, the amount of the first monthly payment is used to reduce the principal will be:
= $410.66 - $331.36
= $79.30
You are a multi-disciplinary project group, tasked with preparing proposals for a new outdoor Pop Music Festival. The inaugural Festival is to take place in June 2023.
The client, a Music Entrepreneur, has stipulated that the annual festival is to be aimed at families; last 7 days, attract 250, 000 people over the 7-day period, with 50, 000 at any time. The major sponsors, a Building Society and a Bank are very supportive of the Family concept of the Festival and any bad publicity from the Festival could cause them to withdraw their support. You should assume that Planning Permission would require, amongst other things that as much of the site as possible should be returned to Farming use after the Festival. The site is a farm located on the other side of a river currently accessible only by foot.
The proposals are to take account of all the factors critical to the success of the Festival.
List the key stakeholders to the project, i.e., the significant parties that can influence or are affected by the project. You should allocate roles to each stakeholder respectively.
Indicate stakeholders who are not at the group meeting, but whose interests must be considered; e.g. customers, entertainers, neighbours, Land owner, Local Planning Authority etc.
List the primary requirements/objectives for the project, of each key stakeholder and indicate any secondary objectives of the project if any.
Agree a succinct statement of the Objectives of the Project that meets the primary requirements of the key stakeholders
List the critical issues for consideration in developing the project
List the primary functions (i.e., what the project must do, rather than what it is), that the project must fulfill to meet the objectives (Express in simple verb-noun form;. E.g. Attract families; Satisfy Planners; Make profit; Have good access; Accommodate families)
Brainstorm each of the primary functions to generate as many ideas as possible to achieve the functions and list all generated ideas.
As a multi-disciplinary project group, we propose the following plan for the new outdoor Pop Music Festival:
1. Site Selection and Access: We will carefully select a suitable farm site that can accommodate the festival's requirements. Since the site needs to be returned to farming use afterward, we will prioritize minimizing environmental impact. We will also explore options for temporary bridge construction or boat transportation to provide easy access across the river for festival attendees.
2. Event Planning: To ensure the festival is family-oriented, we will curate a diverse lineup of popular artists suitable for all ages. We will incorporate various entertainment options such as interactive activities, children's zones, and family-friendly attractions throughout the festival grounds. Safety measures, including designated areas for children and family facilities, will be implemented to create a secure environment.
3. Infrastructure and Sustainability: Temporary infrastructure, such as stages, seating, and facilities, will be designed and constructed in a manner that allows for easy dismantling and minimal impact on the land. We will prioritize eco-friendly practices, including waste management, recycling, and energy-efficient solutions. Collaboration with local farmers will facilitate the restoration of the site to its original farming use after the festival.
4. Risk Management: We will implement a comprehensive risk management plan to minimize potential negative incidents and ensure the sponsors' continued support. Safety protocols, security measures, and emergency response procedures will be put in place to safeguard attendees and mitigate any possible risks.
By following these proposals, we aim to create a successful outdoor Pop Music Festival that caters to families while respecting the environment and meeting the expectations of the major sponsors.
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Which employees typically work in an office environment within schools? Check all that apply.
a. School Psychologist
b. School Secretary
c. Instructional Designer
d. Tutor
e. Librarian
f. Teacher
Answer:
b. School Secretary
e. Librarian
f. Teacher
Explanation:
A school secretary, Librarian, and the teacher are full-time employees in a school. They spend most of their day in school and have offices within the school environment.
School Psychologist, Instructional Designer, and tutor work a few hours in a school. They are unlikely to have offices in the school.
Answer:
B, E, F
Explanation:
nursing is a humanitarian service give reason
ACTIVITY 3: MARKETS
3.1. Briefly explain in your own words your understanding of a market?
.2. Differentiate between a goods and service market and a factor market?
Answer:
1, A market is defined as the sum total of all the buyers and sellers in the area or region under consideration. The area may be the earth, or countries, regions, states, or cities. The value, cost and price of items traded are as per forces of supply and demand in a market.
2,
A factor market is different from the product, or output, market—the market for finished products or services. ... The primary difference between product markets and factor markets is that factors of production like labor and capital are part of factor markets and product markets are markets for goods.
On june 1, button co. Borrowed $1,000 cash from national bank by signing a 120-day, 6% interest-bearing note. Button will record this transaction with a credit to _____ in the amount of ______.
The complete statement is "On June 1, button co. Borrowed $1,000 cash from the national bank by signing a 120-day, 6% interest-bearing note. The button will record this transaction with credit to "Notes Payable" in the amount of $1,000."
What are a Notes Payable?Generally, Notes payable are a kind of long-term liability that show the money that a firm owes its financiers, which may include banks and other financial organizations in addition to alternative sources of funding such as friends and family.
Long-term obligations are those that must be paid back after more than a year, albeit often within a period of five years.
In conclusion, The whole statement is as follows: "On June 1st, button company took out a cash loan of $1,000 from the national bank by signing a note carrying 6% interest for a period of 120 days.
This transaction in the amount of $1,000 will be recorded when you press the button, and it will be credited to "Notes Payable.""
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What should you do in the following scenario?
You are meeting with a colleague and within the conversation, the colleague talks about going to dinner with a client, holding hands, and seems to indicate he is thinking of pursuing a relationship.
Answer:
it seems kind of inappropriate to have a relationship with a client
Explanation:
Select the correct answer.
In general, how long does it take to accomplish a long-term goal?
ΟΑ.
a few days to a week
OB.
a few weeks to a month
O c.
a few months to a year
D.
more than a year
more than a year
Explanation:
D.more than a year
beacuse we can reach our goal in years only
1. If average fixed cost is 40 and average variable cost is 80 for a given output, we then know that average total cost is
Answer:
120
Explanation:
Average total cost = average fixed cost + average variable cost
average fixed cost = Total fixed cost / quantity
40 + 80 = 120
Fixed costs are costs that do not vary with output. e,g, rent, mortgage payments
average variable cost = total variable cost / quantity
Variable costs are costs that vary with production. Hourly wage costs and payments for production inputs are examples of variable costs
what worldwide economic crisis took place prior to world war 2?
The concept is Economic crisis, a variety of situations in which some financial assets suddenly lose value. The answer is the Great Depression.
Ironically, it was World War II, due in part to the Great Depression, that pulled the United States out of a decades-long economic crisis. The Great Depression contributed to dire economic conditions in Weimar Germany, leading in part to the rise of Adolf Hitler and the Nazi Party.
In the United States, the effects of the crash reinforced and reinforced restrictive American immigration policies. An economic crisis represents a situation where a country's economy suddenly loses strength, a decline usually caused by a financial crisis.
An economic crisis can take the form of economic stagflation, recession, or depression. As government spending dried up, the economy plunged into a severe recession and GDP fell by 11%.
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given an interest rate of 8% per year what is the value at date t=year=9 of a perpetual stream of 500 annual payments with the first payment at date t=year=19
To calculate the value at date t=year=9 of a perpetual stream of 500 annual payments with the first payment at date t=year=19, we need to discount the future cash flows back to the present value using the interest rate of 8% per year.
Since the first payment is at year 19, we need to find the present value of the stream of payments starting from year 19 and extending indefinitely. To find the present value, we can use the formula for the present value of a perpetual annuity:
PV = Payment / Interest RateIn this case, the payment is $500 (annual payment) and the interest rate is 8% (0.08). Let's calculate the present value:
PV = $500 / 0.08PV = $6,250Therefore, the value at date t=year=9 of the perpetual stream of 500 annual payments with the first payment at date t=year=19 is $6,250.
About PaymentPayment is the voluntary surrender of money or an equivalent or something of value by one party to another in exchange for goods or services provided by them or to fulfill a legal obligation.
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Fiber Systems manufactures an optical switch that it uses in its final product. Another company has offered to sell Fiber Systems the switch for $15.50 per unit. None of Fiber's fixed costs are avoidable. Fiber Systems needs 81,000 optical switches. By outsourcing them, Fiber Systems can use its idle facilities to manufacture another product that will contribute $220,000 to operating income.
Cost to Make Minus Make
Make Unit Buy Unit Cost to Buy
Incremental cost per unit:
Direct materials $11.00 11.00
Direct labor 2.00 2.00
Variable overhead 1.00 1.00
Purchase price from outsider 15.50 (15.50)
Incremental cost per unit $14.00 15.50 $(1.50)
Requirements
1.
Identify the incremental costs that Fiber
Systems will incur to acquire 81,000
switches under three alternative plans.
2.
Which plan makes the best use of Fiber
System's facilities? Support your answer.
The in-house production plan makes the best use of Fiber Systems' facilities.
1. The incremental costs that Fiber Systems will incur to acquire 81,000 switches under three alternative plans are as follows:
By purchasing the switch from an outsider, the incremental cost would be $15.50 - $14.00 = $1.50 per unit.
In-house production of the switches is the second alternative. Since Fiber Systems would not be using the idle facilities for any other purpose, the cost to make the 81,000 switches would be:
$11.00 (direct materials) + $2.00 (direct labor) + $1.00 (variable overhead) = $14.00 per unit
The third alternative is outsourcing of switches. With outsourcing, Fiber Systems would have idle facilities that can be used to make another product, thus providing additional revenue of $220,000. As a result, the incremental cost would be the purchase price of the switches, which is $15.50 per unit.2. In-house production of the switches would result in an incremental cost of $14.00 per unit, while outsourcing them would result in an incremental cost of $15.50 per unit. It is more economical to make the switches in-house because the incremental cost of outsourcing them is greater than that of making them in-house.
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difference between associative and commutative property
Answer:
The associative property of addition states that you can group the addends in different ways without changing the outcome. The commutative property of addition states that you can reorder the addends without changing the outcome.
Explanation:
What are ethics ? In business
Answer: Business ethics are policies that guide the behavior of corporate entities, especially regarding controversial subjects.
Business ethics protect companies from legal liability and ensure that they treat their customers and team members with respect.
Corporate ethics codes often include subjects like social responsibility, insider trading, discrimination, corporate governance and bribery.
Explanation: