Sophie, the cfo of slolum ski supplies, received a watch from one of her company's largest vendors, colorado ski shoppe. she received the gift with a card congratulating her on slolum's recent merger with another company. in determining whether accepting the gift would create a significant threat to her compliance with the american institute of certified public accountants code, which factor should sophie consider? a. whether she disclosed receipt of the gift to the board of directors. b. whether she truly earned the gift. c. whether the gift was reasonable in the circumstances. d. whether the gift cost more than $100.

the correct answer is

c. Whether the gift was reasonable in the circumstances.

good luck ❤

answerattainable;

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.