Explanation

the doctrine of impossibility was that the event

that made perform- ance impossible must have been unforeseen by the parties at the time the contract was made. 

Explanation

A net loss occurs when a company's expenses are higher than its total revenue.

This can be a sign of problems that need to be addressed.

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Explanation

The two internal elements of SWOT analysis are strengths and weaknesses.

The acronym SWOT stands for Strengths, Weaknesses, Opportunities and Threats

SWOT analysis is a technique for assessing these four aspects of your business. 

Explanation

The social security system (sometimes called the benefits system) is an important influence on the distribution of income.

The social security system matters for health because it provides financial support for people across society including

disabled people

unemployed people

people on low incomes

people with long-term conditions.

Explanation

Growth theory is the subject matter of Macroeconomics.

Accelerating growth and development constitute the subject matter of macroeconomics.

Macroeconomics analyses the reason for underdevelopment and poverty in a country.

Explanation

An exceptional demand curve expresses a positive relation between demand and price

which can be represented by a demand curve that slopes upward to the right.

Explanation

All liquidity ratios measure a firm's ability to cover short-term obligations by dividing current assets by current liabilities (CL).

Types of liquidity ratios

Current Ratio = Current Assets / Current Liabilities.

Quick Ratio = (Cash + Accounts Receivable) / Current Liabilities.

Cash Ratio = (Cash + Marketable Securities) / Current Liabilities.

Net Working Capital = Current Assets – Current Liabilities.

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Explanation

Demand is price inelastic if the absolute value of the price elasticity of demand is less than 1;

it is unit price elastic if the absolute value is equal to 1;

and it is price elastic if the absolute value is greater than 1.

Explanation

The Capital Asset Pricing Model (CAPM) is a model that describes the relationship between the expected return and risk of investing in a security.

It shows that the expected return on a security is equal to the risk-free return plus a risk premium, which is based on the beta of that security.

Explanation

Authorized share capital is also known as Registered capital.

The authorized capital of a company is the maximum amount of share capital that the company is authorized by its constitutional documents to issue to shareholders.

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