The economist would be making the case about paying a flat amount in taxes on income is an example of regressive tax.
What Is a Regressive Tax?A tax is said to be regressive if it is levied in a way that the tax rate drops as the amount subject to taxation rises. When describing a distributional impact on income or spending, the term "regressive" refers to the rate's progression from high to low, causing the average tax rate to be higher than the marginal tax rate.
Sales taxes, sin taxes, and property taxes are examples of regressive taxes because they are paid regardless of income. Regressive taxes thus have a decreasing average tax burden as income increases. The tax burdens are then unfairly disproportionately heavy on low-income taxpayers while disproportionately light on middle- and high-income taxpayers.
To learn more about regressive tax, visit:
https://brainly.com/question/12001056
#SPJ4
means-tested programs tend to favor those with a. low income as would a consumption tax. b. high income while a consumption tax would favor those with low income. c. low income while a consumption tax would favor those with high income. d. high income as would a consumption tax.
The answer is d, i.e. High Income, as would a consumption tax. Indirect taxes are considered regressive due to tax consumption instead of financial gain, and wealthier individuals save the next proportion of their financial gain.
Taxation reduces the getting power of individuals, and it reduces their consumption. The decline in consumption results in a decrease in effective demand for the products and services, which successively affects the assembly of those commodities.
Policymakers need to take varied factors under consideration once endeavor-wide issues like state, inflation, and a country's current gross domestic product (GDP). Philosophies on the way to accomplish growth and a healthy economy vary.
To learn more about taxation, visit here
https://brainly.com/question/1980107
#SPJ4
in low-income nations, well-being is especially likely to be influenced by satisfaction with one's . in wealthier countries, well-being is especially likely to be related to satisfaction with social connections.
Satisfaction with one's financial situation is especially likely to have an impact on subjective well-being in less wealthy countries. Satisfaction with one's home life is especially likely to have an impact on subjective well-being in wealthy nations.
The absolute income of persons at low-income levels has a greater impact on their subjective well-being, according to a recurring theme in the economics of happiness literature. Subjective well-being is an increasing function of absolute income in our sample and analyzes the presence of adaptation and social comparison effects on subjective well-being using a large sample of people in rural areas of developing countries with relatively low-income levels. 6973 rural households from 23 nations across Asia, Africa, and Latin America make up our sample. Our sample's average total income per adult equivalent was $1555, although subjective well-being levels were similar to those in earlier studies that used cross-country data.
We highlight some of the ramifications of our major discovery before we end. There is no reason to think that subjective well-being in rural areas of poor countries should not also depend on social comparisons if subjective well-being depends partially on satisfying basic physiological demands and partially on satisfying social needs. According to the results of our study, adaptation and social comparison are significant covariates of subjective well-being, even at low levels of absolute income.
To know more about Subjective well-being click here,
https://brainly.com/question/29417162
#SPJ4
When computing the payback period for a new piece of equipment, the salvage value of the equipment being replaced is ______.
A- treated as part of the cash inflow for year 1
B- deducted from the cost of the new equipment
C- ignored
D- added to the cost of the new equipment
When computing the payback period for a new piece of equipment, the salvage value of the equipment being replaced is deducted from the cost of the new equipment.
The term "payback period" refers to the number of years needed to recoup the initial cash outlay. It is, in other words, the length of time that a machine, facility, or other investment has generated enough net income to cover its investment costs.
In layman's words, until the cumulative cash flow is positive, or the payback year, the cost of the investment is divided by the annual cash flow to get the payback duration. Years are typically used to represent the payback time.
to know more about payback period visit
https://brainly.com/question/13978071
#SPJ4
a decentralized organization . multiple select question. removes the emphasis on manager productivity encourages upper-level management to concentrate on strategic decisions improves performance evaluation does not involve lower-level managers in decision making
A decentralized organization will encourages upper level management to concentrate on strategic decision.
What is decentralized organization?It is a structure that is one where mid and lower level managers make most of the decisions, rather than the senior management team. Sometimes, employees are even involved in the decision-making process.
Why a decentralized organization will encourages upper level management to concentrate on strategic decision and became the answer of the question?
Since decentralized organization and use of responsibility accounting empowers the lower level management through training to take on more responsibilities, it leaves the upper level management with more time to focus on more big strategic business decisions.
Learn more about decentralized organization https://brainly.com/question/28565092
#SPJ4
when a company launches a new product line with an existing brand name, it is creating
When a company launches a new product line with an existing brand name, it is creating Brand extension.
What is Brand extension?
In a marketing approach known as brand extension or brand stretching, a company that markets a product with a strong brand identity uses the same brand name across many product categories. The new item is referred to as a spin-off.
Organizations employ this tactic to boost and capitalise on brand equity (definition: the net worth and long-term sustainability just from the renowned name). The creation of Jello pudding pops by Jello-gelatin is an illustration of a brand extension. It raises brand recognition and boosts revenue from product offerings across multiple categories.
81 percent of new products in the 1990s employed brand extension to launch new brands and boost sales. Launching a new product requires a large expense to build brand awareness in addition to being time-consuming.
To know more about Brand extension visit:
https://brainly.com/question/12436812
#SPJ4
involves leaving a job and a work role and making a transition into life without work.
Involves leaving a job and a work role and making a transition into life without work is called Retirement.
Retirement refers to the stage of life in which you choose to leave the workforce behind for good. In the United States and most other developed countries, the traditional retirement age is her 65, many of which have some form of national pension or benefit scheme to supplement a retiree's income.
``Retire from work, but not from life.'' ``Retirement: time to enjoy all the things you couldn't do while working.''
Not surprisingly, ``retire'' is one of the words that was adopted into English from French around the 16th century. Originally it was used in a military sense. i.e. "retire to a safe or secluded place"
Learn more about Retirement https://brainly.com/question/27784476
#SPJ4
The real gdp of country a grew by only 1% from 2016 to 2018 while the real gdp of country b grew by 5% during that same time span. Based on the data, what can we say definitely about the two countries?.
If each country's economy grows in this way, Country B will eventually have a higher real GDP than Country A.
The market value of all the finished goods and services that nations produce and sell in a given time period is measured in dollars by their gross domestic product (GDP). This measurement is frequently revised before being regarded as a reliable indicator due to its subjective and complicated nature. The gross domestic product (GDP) of a nation is a monetary indicator of the final goods and services—those purchased by the consumer—that were produced over a specific time period. It records all production that takes place within a nation's boundaries. We are aware that the GDP is the monetary value of all finished goods and services produced in an economy. Let's take Country B as an example, which only produces backrubs and bananas.
Learn more about GDP here:
https://brainly.com/question/15682765
#SPJ4
the cash flow statement for glassworks, inc. showed the following: operating activities generated $5,400 in cash flows, investing activities used $2,500, and financing activities used $375. what was the increase (decrease) in cash for the period?
Activities that produce income or expenses in the company's main business line are referred to as operating activities in the statement of cash flows. Receipts. Disbursements.
On a cash flow statement, what are operating activities?Cash flow from operating activities refers to the earnings a company makes through ongoing, regular business activities like creating and selling things or providing clients with services (CFO). It appears as the first section of a corporation's cash flow statement.
What does a change in cash flow mean?The bottom line of the statement is the Net Increase (Decrease) in Cash and Cash Equivalents. It is determined by adding up the cash inflows and outflows for each of the three sections of the Cash Flow Statement.
To know more about cash flow statement visit:-
https://brainly.com/question/15278261
#SPJ4
A monkey’s choosing a circle from an array of geometric shapes in order to be rewarded with a banana is an example of.
A monkey’s choosing a circle from an array of geometric shapes in order to be rewarded with a banana is an example of Stimulus discrimination.
The idea of stimulus discrimination is applied in both classical conditioning and operant conditioning. It requires the ability to distinguish between stimuli that are similarly stimulating. It alludes to only responding to specific stimuli and avoiding comparable stimuli in both scenarios.
A crucial step in the learning process known as classical conditioning is the creation of links between two stimuli. In this process, discrimination refers to the capacity to distinguish between a conditioned stimulus and other stimuli that have not been linked with an unconditioned stimulus.
To know more about stimulus discrimination click here:-
brainly.com/question/29415942
#SPJ4
The idea of stimulus discrimination is applied in both classical conditioning and operant conditioning. It requires the ability to distinguish between stimuli that are similarly stimulating. It alludes to only responding to specific stimuli and avoiding comparable stimuli in both scenarios.
A crucial step in the learning process known as classical conditioning is the creation of links between two stimuli. In this process, discrimination refers to the capacity to distinguish between a conditioned stimulus and other stimuli that have not been linked with an unconditioned stimulus.
Click here to learn more about stimulus discrimination.
https://brainly.com/question/29415942
#SPJ4
When Bonita put together a research report for her company, what would she have included in the references section?
In a typical research report, the items that are included in the references section are:
authordatetitlesource.What is the purpose of references in research report?Generally, a reference is the way of giving credit to the writers from whom you have borrowed words and ideas, so, by citing the work of a particular scholar, you acknowledge and respect the intellectual property rights of that researcher.
As an academic, we can draw on any of the millions of ideas, insights and arguments published by other writers, many of whom have spent years researching and writing. All we need to do is acknowledge their contribution to your assignment.
So, by referencing, this allows you to acknowledge the contribution of other writers and researchers in your work. All of the university assignments that draw on the ideas, words or research of other writers must contain citations.
Read more about references
brainly.com/question/28261265
#SPJ1
Answer: k12 is for nerds
Explanation:
variable compensation a. benefits a great deal from making rewards contingent upon achieving goals b. is appropriate for organizations pursuing a lowest cost strategy c. is appropriate for organizations pursuing a bargain laborer hr strategy d. is usually appropriate when employees are not required to take risks
Variable compensation benefits a great deal from making rewards contingent upon achieving goals.
What is Variable compensation?Variable compensation, also known as variable compensation, is an additional incentive to base salary that helps motivate and retain employees.Variable compensation depends on the employee's performance. Variable remuneration increases salaries when sellers meet or exceed their quotas.Examples include referral bonuses, sign-up bonuses, retention bonuses, project bonuses, etc. Referral bonuses are paid to employees who refer applicants to be hired into the organization. Variable compensation is the portion of sales compensation that is determined by the employee's performance. When employees reach their goals, they are awarded variable compensation in the form of bonuses, incentives or commissions. Base salary, on the other hand, is a fixed amount that is paid regardless of the employee's achievement of goals.To learn more about Variable compensation from the given link :
https://brainly.com/question/28167517
#SPJ4
charlie called his staff into his office and announced that they would be working mandatory overtime until the backlog of orders was resolved. this best describes a(n) blank decision-making style.
This best describes Directive decision-making style.
What are Decision-making styles?A behavioral approach to decision-making prioritises relationships over tasks. In making decisions, it takes into account the sentiments of others. When assessing potential solutions, behaviour decision-makers have a poor tolerance for ambiguity and a social focus. The four categories of decision-making are analytical, directive, conceptual, and behavioural. Determining a decision, acquiring data, and weighing potential solutions are all steps in the decision-making process. You can make more careful, intelligent decisions by organising pertinent information and outlining alternatives by following a step-by-step decision-making process. In addition to ensuring that an individual's cognitive functioning and the requirements of the work duties are compatible, evaluating decision style is crucial for making employees aware of their own decision-making preferences.
Hence, This best describes Directive decision-making style.
To learn more about Decision-making styles click,
https://brainly.com/question/27004710
#SPJ4
When considering the interest and influence of stakeholders impacting the success of a project, what are the common attributes of the group of stakeholder that are the basis for an effective coalition of support for the project?.
Employees are by far the most important group of stakeholders for businesses.
According to research, employees are by far the most significant stakeholder group for firms, coming out ahead of consumers, suppliers, community organisations, and notably shareholders.
Stakeholders are individuals that are interested in the results of your project. They often include project team members, managers, executives, sponsors, clients, and users.
In order to understand project restrictions and risks, key stakeholders can give requirements or constraints based on data from their sector. Stakeholder involvement and engagement will help you identify and reduce project risks.
Stakeholders frequently have an impact on decision-making, goals and objectives, operational challenges, sales, costs, and profitability in a corporation.
Owners have the biggest influence since they decide what the company does and give it the money to start and expand.
To know more about stakeholders, visit:
https://brainly.com/question/15532995
#SPJ4
Suppose the supply of diamonds is relatively inelastic. A tax on diamonds would generate a.
Assume the diamond supply is largely inelastic. A tax on diamonds would result in a minimal deadweight loss, not a substantial one.
What is minimal deadweight loss?The cost of market inefficiency, which happens when supply and demand are out of balance, is known as a deadweight loss. Deadweight loss, a term primarily used in economics, refers to any deficit brought on by an ineffective resource allocation.Deadweight losses may result from price floors, such as minimum wage and living wage laws, price ceilings like price controls and rent controls, and taxation. The distribution of resources within a society may become ineffective with less trade.When supply and demand are out of equilibrium, a deadweight loss arises, which impairs the efficiency of the market. When items on the market are either overvalued or undervalued, market inefficiency results.Hence, Assume the diamond supply is largely inelastic. A tax on diamonds would result in a minimal deadweight loss, not a substantial one.
learn more about minimal deadweight loss click here:
https://brainly.com/question/26362939
#SPJ4
which of the following statements best illustrates the distinguishing features of international investing? a) american depositary receipts are quoted in dollars and pay dividends in dollars. b) earnings per share is a measure that is easily comparable from country to country. c) when a foreign currency declines in value against the u.s. dollar, profits in the foreign currency are worth more in u.s. dollars. d) foreign securities and foreign markets often have lower standard deviations than similar securities in the united states.
when a foreign currency declines in value against the u.s. dollar, profits in the foreign currency are worth more in u.s. dollars. Investments in multinational corporations will be profitable when the dollar is weak or declines.
What does it imply when a nation stops using the dollar?A dollar deficit happens when a nation spends more US dollars on imports or other international currency obligations than it earns from exports or other international financial transactions. The ability of a nation to trade or grow can be constrained by a dollar shortage.Foreigners have a purchasing power advantage since their currencies can be used to purchase more goods abroad than they could in the United States with an equivalent amount of dollars.Investments in multinational corporations will be profitable when the dollar is weak or declines.when a foreign currency declines in value against the u.s. dollar, profits in the foreign currency are worth more in u.s. dollars.To learn more about US dollars refer to:
https://brainly.com/question/28229801
#SPJ4
Benefits of implementing an effective supplier certification program include all of the following except:______.
a. Recognizing excellence
b. Building long-term beneficial relationships
c. Reducing time spent on incoming inspections
d. Increasing supplier base
Implementing an effective supplier certification program includes all of the benefits except Increasing the supplier base. Option(d) is correct.
The company uses supplier certification to give the top supplier extra work. The organization is assessed for quality, effort, and overall excellence during the supplier certification process. It enables a supplier to pledge responsiveness and ongoing improvement. The provider and the buyer should have a long-term connection and perform in accordance with their respective needs.
Organizations will be able to identify suppliers who are most dedicated to establishing and maintaining collaboration with their capabilities thanks to supplier certification.
To learn more about the supplier certification program, visit the link below:
brainly.com/question/29344166
#SPJ4
Which of the following are used to calculate the standard quantity per unit of direct materials?
a. direct materials requirements per unit of finished product.
b. allowance for rejects
c. allowance for waste and spoilage
To calculate the standard quantity per unit of direct materials all the give options are used.
Direct materials requirements per unit of finished product, allowance for rejects and allowance for waste and spoilage Direct materials are the resources and materials used in the production of a product that can be immediately linked to that product.
Typically, a product's bill of materials contains a list of the materials that have been recognised as direct materials. The unit quantities and average costs of each material used in a product are listed in the bill of materials, which may also include an allocation for overhead.
Learn more about Direct materials here:
https://brainly.com/question/28215450
#SPJ4
rising wages and other costs are likely to negate any benefits mnes have of access to: multiple choice question. high-cost inputs. low-cost inputs. low-cost outputs. well-educated workers.
Rising wages and other costs are likely to negate any benefits mnes have of access to low-cost inputs.
What is MNE?An organization that produces goods or provides services in more than one country is referred to as a multinational enterprise (MNE), sometimes known as a multinational company (MNC), plain multinational, or an international firm.Governments primarily use tariffs, subsidies, and quota systems to impose trade restrictions. A quota system places limits on the quantity of commodities that may be imported into a nation. Governments can limit the amount of imports to assist safeguard native businesses by using quota systems.MNE strategy essentially consists of three components: (1) the requirement for global effectiveness and local adaptation; (2) the levels of risk assumed and the flexibility needed to mitigate risks; and (3) the chance for global learning.
To learn more about MNE refer to:
https://brainly.com/question/494475
#SPJ4
when most shocks to the economy are external, it is generally better to have group of answer choices a soft peg. a crawling peg. a flexible rate system. a hard peg.
When most shocks to the economy are external, it is generally better to have a flexible rate system.
Bendy exchange fee gadget is the alternate device where the trade charge relies upon the supply and call for of cash within the marketplace. In a flexible trade rate device, the value of foreign money is permitted to fluctuate freely in keeping with the modifications inside the demand and supply of the foreign exchange.
A bendy alternate-charge machine is an economic machine that lets in the alternate fee to be decided by using deliver and demand. every currency region ought to decide what kind of trade rate arrangement to preserve.
For instance, Australia, the United Kingdom, Japan, and America have unfastened-floating currencies. In a managed-floating gadget, the important monetary authority of nations impacts the movement of the change rate thru lively intervention in the forex marketplace without a preannounced direction for the trade price.
To learn more about the flexible rate system visit here:
brainly.com/question/4267361
#SPJ4
Rather than carrying 15 brands of laundry detergent, ________ offer one or two brands and sizes, one of which is a store brand.
Limited assortment supermarkets ofer one or two brands and sizes, one of which is a store brand.
What are Limited assortment supermarkets?Stores with a limited selection often sell their own store brands at low prices all the time and only occasionally run specials on name brands.In retailing, an assortment strategy refers to the quantity and variety of goods that are available for consumer purchase in stores. This strategic technique, often known as a "product selection strategy," is used by merchants to control and boost sales.An assortment is made up of items that ship in the same carton and are comparable or similar. For instance, an assortment might be a full carton of toy cars in various models and colors that are available for purchase in Walmart stores.Hence, Limited assortment supermarkets ofer one or two brands and sizes, one of which is a store brand.
learn more about Limited assortment supermarkets click here:
https://brainly.com/question/17188839
#SPJ4
According to victor vroom, the belief that performance will result in obtaining a particular reward is known as __________.
According to Victor Vroom, belief that the performance will result in obtaining particular reward is known as instrumentality.
What is instrumentality?Theological doctrine known as instrumentality is included in the more general category of the prophetic model of biblical inspiration. According to proponents of the prophetic model, all the books of the bible were written by people who had received divine inspiration in a similar way as prophets have received divine inspiration to preach. Nevertheless, as Reginald-Garigou Lagrange, O.P. points out, a prophet can act in accordance with direct revelation from God or on the basis of inspiration. In terms of interpreting the Bible, the latter is important. Theologians from the Middle Ages like Thomas Aquinas extensively and methodically defined this notion of biblical inspiration, which was prevalent in the Early Church. In the Second Part of the Second Part of the Summa Theologica, Questions 171–174, Thomas analyzes prophecy.
To learn more about theologians, visit:
https://brainly.com/question/899053
#SPJ4
bims corporation uses the weighted-average method in its process costing system. the assembly department started the month with 3,200 units in its beginning work in process inventory that were 70% complete with respect to conversion costs. an additional 64,000 units were transferred in from the prior department during the month to begin processing in the assembly department. there were 24,000 units in the ending work in process inventory of the assembly department that were 60% complete with respect to conversion costs. what were the equivalent units for conversion costs in the assembly department for the month?
The assembly department's comparable units for conversion costs for the month are 44,640 units.
Equivalent Units (E.U.) are whole notional units that represent unfinished work and are used to divide expenses between work that is still in progress and work that has already been completed.
The calculation for the given information is given below:
But the transferred units is
= Beginning work in process inventory units + additional units - ending a career in process inventory units
= 3,200 units + 64,000 units - 24,000 units
= 43,200 units
Now the equivalent units for conversion costs equal to
= Transferred units × percentage of completion + ending work in process inventory units × percentage of completion
= 43,200 units × 70% + 24,000 units × 60%
= 30,240 units + 14,400 units
= 44,640 units
Therefore, the equivalent units for conversion costs in the assembly department for the month are 44,640 units.
To learn more about Equivalent Units, visit the link below:
brainly.com/question/16251942
#SPJ4
identify and briefly describe the two types of deal structures when booking a show at a venue. which one is primarily used by government owned and operated venues and why?
A 100% advance payment arrangement requires the party booking the performance to make the full price beforehand. Partial payment upfront and partial after the show.
Payment occurs when one party (such as an individual or business) freely exchanges money, its equivalent, or other valuables in exchange for another party's goods, services, or to fulfill a legal obligation. The sender of the money is referred to as the "payer," while the recipient is referred to as the "payee."
Cash, cheques, debit, credit, or bank transfers—whether made through mobile payments or another method—as well as the transfer of anything of value, such as stock, and bartering—the practice of exchanging one good or service for another—can all be used to make payments.
Although the payee is in theory free to select the payment method they will use, most regulations often require the payer to accept the legal tender of the country up to a certain maximum.
Learn more about Payment here:
https://brainly.com/question/15136793
#SPJ4
in what situation would disability income insurance premiums be a deductible expense
Explanation:
if you're a business owner and your company is paying disability insurance premiums on behalf of your employees, you can deduct the premiums as a business expense for your company.
suppose first main street bank, second republic bank, and third fidelity bank all have zero excess reserves. the required reserve ratio is 20%. yakov, a client of first main street bank, deposits $750,000 into his checking account at first main street bank.
In the T-account Assets: Reserves $750,000, Liabilities: Deposits $750,000
When Hubert deposits the $750,000 into First Main Street Bank, it creates both an asset and a liability for the bank.
On the asset side of the T-account, the $750,000 increases the bank's reserves. The bank can use some of these additional reserves to make loans to other people.
On the liability side of the T-account, the $750,000 is recorded as a demand deposit, because Hubert could demand his deposit back at any time by coming into the bank and asking for it, by writing a check, or by using a debit card.
Learn more about T-account here:
https://brainly.com/question/28936670
#SPJ4P
Which Friday in November 2019 will be Black Friday?
Black Friday 2019 occurred on November 29, while Thanksgiving was on November 28, 2019.
In American slang, the Friday following Thanksgiving is referred to as "Black Friday." In the US, it traditionally signals the beginning of the holiday shopping season.
A lot of retailers open early, often as early as midnight or even on Thanksgiving, and frequently advertise heavily discounted specials.
Many people think the phrase "Black Friday" comes from the idea that companies are "in the red," or operating at a loss, until the day after Thanksgiving, when huge sales eventually enable them to generate a profit, or put them "in the black."
Although "The Day After Thanksgiving" is observed as a holiday for public servants in California and a few other places, Black Friday is not an official event in the United States. This is sometimes commemorated in place of a government holiday like Columbus Day.
To know more about Black Friday, visit:
https://brainly.com/question/29414767
#SPJ4
why might a business choose to expand its market presence by adding the internet channel?
By adding the internet channel in marketing Businesses may give customers as much information
They need via the Internet and more information than they could receive from stores or catalogues.Customers can search further into web pages till they have enough knowledge to decide whether to make a purchase.What is Marketing channels?
Business owners can save time and money by utilising marketing channels rather than contacting customers directly. Because so many people use social media to look up information, a business can quickly become well-known and attract customers. Customers will give a product their unpaid endorsement if it is worthwhile.
In turn, there will be more leads and customers. More product sales will increase a brand's revenue and profitability.
Everybody who uses marketing media is responsible for their own actions. While distributors are focused on product distribution, retailers provide products to the target market.
Another unique sort of marketing channel is the dual distribution channel. Through this less common method, the manufacturer or wholesaler can connect with the end user.
To know more about Marketing channels visit:
https://brainly.com/question/23307446
#SPJ4
In order to promote its new beauty product, a company hires an oscar-winning actress to model for their latest ad. The company is using which appeal?.
The strategy in which a company hires an oscar-winning actress to model for its latest ad in order to promote its new beauty product is using a) ethos appeal.
In the field of business, such a persuasive strategy in which deep knowledge, credibility, or authenticity sources are used is referred to as ethos.
In the scenario mentioned in the question, a company uses an oscar winning model for an ad so that customers trust the credibility of the new product. The oscar-winning model is a persuasive technique that will grab the attention of more customers for the beauty product. Hence, this appeal is an example of ethos.
Although a part of your question is missing, you might be referring to this question:
In order to promote its new beauty product, a company hires an oscar-winning actress to model for its latest ad. The company is using which appeal?
a) ethos
b) recruitment
c) elective
d) campaign
To learn more about ethos, click here:
https://brainly.com/question/11868443
#SPJ4
before filing for bankruptcy, a consumer-debtor must receive credit counseling.
a. true
b. false
True - The Bankruptcy Code requires individuals to complete credit counseling before filing for bankruptcy, subject to certain exceptions, and requires debtor education to be completed after the bankruptcy case is filed.
Bankruptcy is a legal technique thru which humans or other entities who can not pay off debts to lenders may additionally seek alleviation from a few or all in their debts. In maximum jurisdictions, financial ruin is imposed by way of a court order, regularly initiated by means of the debtor. Bankrupt isn't always the handiest prison repute that an insolvent character might also have, and the time period financial ruin is therefore not a synonym for insolvency. The phrase financial ruin is derived from Italian banca rotta, actually that means "damaged financial institution". The time period is regularly defined as having originated in renaissance Italy, where there allegedly existed the way of life of smashing a banker's bench if he defaulted on charge so that the public should see that the banker, the owner of the bench, changed into not in a condition to maintain his commercial enterprise, despite the fact that a few dismiss this as a false etymology.
Learn more about bankruptcy here
https://brainly.com/question/26392690
#SPJ4
Why did businesspeople and sugar planters in louisiana initially have reservations about seceding from the union?.
Many business people were unsure about this, but trade was crucial to the state's economy since it connected markets in New Orleans with northern and international markets.
In terms of economics, a market is a grouping of structures that enable parties to exchange goods and services. These structures include institutions, procedures, social interactions, and infrastructures. While parties may exchange products and services in exchange for cash, the bulk of markets rely on sellers offering their goods or services—including labor—to clients in return for payment. In this sense, a market is the process through which prices for products and services are set. Markets make it possible to allow commerce while also distributing and allocating resources in a community. All marketable goods may be assessed and valued thanks to markets. A market emerges more or less organically or may be purposely formed by human interaction in order to enable the exchange of rights (see ownership) of services and products.
Learn more about markets here:
https://brainly.com/question/28429161
#SPJ4