What is the chief disadvantage and risk of buying a new over a used car?
What will be an ideal response?
Depreciation and financial risk are the chief disadvantages of buying a new car over a used car. On average cars depreciate or lose about twenty percent of their value each year. Because the value of a new car is higher than its used counterpart, the depreciation is greater in the first few years. For example, let's say you buy a $30,000 car. You had a $1,500 down payment and borrowed $28,500. At the end of the first year the car is worth about $24,000 ($30,000 less 20%). Yet your loan balance is $25,500. You owe $1,500 more than the car is worth. If your car was totaled in an accident, the insurance company would pay only the replacement value of the car. You would still be on the hook for the balance of the loan to the lender. You would be upside down on your car loan. Unless you are willing to pay for extra coverage for this situation, you are at financial risk.
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___________ is(are) included in strategic control.
A. Implementing MBO B. A strong employee diversity and synergy agenda C. Seldom making adjustments to a strategy D. Monitoring the execution of strategy and making adjustments, if necessary, E. Developing a diversity plan
The mode of transportation that results in the lowest transportation cost will lower total costs for a supply chain
Indicate whether the statement is true or false.
Public law sets forth rules governing the legal relationships among society members and serves principally to resolve disputes among members of society
a. True b. False Indicate whether the statement is true or false
The principal is possibly liable for the torts of the agent if the agent's tort was:
a. authorized by the principal b. an unauthorized intentional tort outside the scope of the agent's employment c. an unauthorized intentional tort within the scope of the agent's employment d. authorized by the principal or an unauthorized intentional tort within the scope of the agent's employment e. authorized by the principal or an unauthorized intentional tort within the scope of the agent's employment or an unauthorized intentional tort outside the scope of the agent's employment