In an oligopoly market, the firms would earn the highest profit if they
a. chose to ignore the actions of rival firms.
b. chose to produce an output equal to the perfectly competitive output level.
c. chose to ignore the implications of game theory.
d. chose to produce the output equal to the monopoly output level.
Answers
In an oligopoly market, the firms would earn the highest profit if they chose to produce the output equal to the monopoly output level.
The answer is based on the assumption that the firms in the oligopoly market can collude and act as a single monopoly. In this case, they would maximize their joint profit by producing the output level where marginal revenue equals marginal cost, which is lower than the perfectly competitive output level. This would allow them to charge a higher price and earn a positive economic profit. However, this outcome is not stable, as each firm has an incentive to cheat and produce more than its agreed quota to gain a larger market share and profit. Therefore, collusion is illegal and difficult to sustain in reality. Game theory can help analyze the strategic interactions and outcomes of oligopoly firms.
Learn more about marginal revenue here:
https://brainly.com/question/30236294
#SPJ11
Related Questions
The following are methods of delivering a presentation except:____. group of answer choices
a. manuscript.
b. impromptu.
c. extemporaneous.
d. informal.
Answers
Answer: informal
Explanation: memorized replaces informal
state governments use to compete with other states and countries to locate businesses in their areas.
Answers
Answer:marketing
Explanation:
The state governments used to compete with other states and countries to locate businesses in their areas, of marketing.
What is businesses?
The term “businesses” refers to earning a profit. The business is taking the risk and earning the profit. The business is mainly focused on the activities of the creation, distribution, and selling of concepts. The businesses are interested in the investment as a future perspective.
According to state governments, are the utilized to the states and nations are the based on the situated are the state and the businesses in the is area are the based on the marketing. Marketing is the practice of a business of promoting the acquisition and selling of goods and services. Marketing consists of promotion, publicity, and advertising.
As a result, the state governments used to compete with other states and countries to locate businesses in their areas, of marketing.
Learn more about on businesses, here:
https://brainly.com/question/15826771
#SPJ2
How is aggregate demand by different factors and determinants?
Answers
Answer:
Aggregate demand is calculated as the sum of consumer spending, investment spending, government spending, and the difference between exports and imports. Whenever one of these factors changes and when aggregate supply remains constant, then there is a shift in aggregate demand.
I need help on these two. 15 pts. Brainliest...
Answers
personal finance question,, think its a or b??? i second guess myself alot lol
Answers
Answer: C
Explanation:
Answer:
It is either B or C. But, C is most reasonable.
In your job application, you must sound professional so they actually think about hiring you, or by sounding professional, it gives you a higher chance of getting the job.Why I think it's B is because it's quite helpful having a paper and online copy. But it's not essential. Having either or is enough.I hope this helped at all.
What are the issues and challenges with Circuit City 2018 latest
e-commerce initiative?
Answers
As of my knowledge cutoff in September 2021, Circuit City, a once-prominent electronics retailer, experienced financial difficulties and declared bankruptcy in 2008.
There have been no recent developments or initiatives in 2018 or afterward regarding Circuit City's e-commerce initiatives. It's worth noting that my information may not be up to date, and I recommend referring to recent news sources or the official Circuit City website for the latest updates on their e-commerce initiatives and any associated issues or challenges. E-commerce, short for electronic commerce, refers to the buying and selling of goods and services over the internet. It has revolutionized the way businesses operate and how consumers shop. E-commerce offers numerous benefits, including convenience, a wide selection of products, competitive pricing, and the ability to reach a global customer base.
Learn more about e-commerce here:
https://brainly.com/question/33124604
#SPJ11
What did you learn about universal values and ethics from the categorical imperative list?
What happens when a society does not have ethical standards? Be sure to discuss the example of the situation in Brazil.
Who are the victims of corruption and graft?
Do you think following U.S. ethical standards in other countries is wise? Would it be unethical not to follow those standards? Explain your answer.
Answers
Answer:
When a society does not have ethical standards, it can lead to corruption, which can negatively impact the economy and the well-being of the people in that society. A good example of this is the situation in Brazil, where corruption has been rampant, with politicians and businesspeople engaging in bribery and other illegal activities.
The victims of corruption and graft are often the poorest and most vulnerable members of society, as they are the ones who suffer the most from the negative effects of corruption, such as reduced access to public services and increased poverty.
I think it's important to respect the ethical standards of other countries when conducting business or interacting with people from those countries. Not doing so could be seen as disrespectful and could damage relationships. However, it's also important to be aware of potential cultural differences in ethical standards and to be respectful of those differences.
Certain materials for external procurement are NO longer valid. What mechanism can you use to prevent the purchase of those materials?
a. set procurement type to inhouse
b. set the material inactive
c. set a vendor block
e. set a material status
Answers
To prevent the purchase of certain materials for external procurement that are no longer valid, you can use the mechanism of setting a material status (option e). This approach allows you to control the procurement process by restricting specific actions related to the materials, such as purchasing or production.
By setting a material status, you can indicate that a particular material should not be procured externally, ensuring that purchase orders for that material are not created. This helps maintain accurate inventory and prevents unnecessary expenditures on materials that are no longer needed or have become obsolete.
While the other options may also help in specific situations, they do not address the issue as effectively as setting a material status. Setting procurement type to in-house (option a) would only apply to materials that can be produced internally. Setting the material inactive (option b) can disrupt the entire material management process, not just procurement. Lastly, setting a vendor block (option c) would only prevent purchasing from a specific vendor, rather than preventing the purchase of the material altogether.
In conclusion, setting a material status is the most effective mechanism to prevent the purchase of materials that are no longer valid for external procurement.
Learn more about mechanism here:
https://brainly.com/question/31335779
#SPJ11
If you were to look at the CPI calculations based from 1984-1986, what of the following goods would likely be left out of that CPI calculation?
2. eggs
3.transmission fluid
4. televisions
5. smart phones
Answers
If you somehow happened to take a gander at the CPI computations based from 1984-1986 , smart phones would probably be avoided with regard to that CPI estimation. Option 5 is correct.
Smartphones have only recently been used in the 21st century, so it is unlikely that they were popular in the 1980 s.The Consumer Price Index (CPI), which measures the percentage change in the price of a basket of goods and services used by households, is the most well-known indicator of inflation.
A quantity-weighted average of the current month's index divided by the index value during the index base period is used to calculate the aggregate index for any given month. The ratio of the long-term monthly indexes is then used to calculate the monthly price change.
The Consumer Price Index (CPI) is a widely used indicator of economic inflation. A nation's citizens' standard of living falls as a result of rising inflation. It will lead to an increase in the price of living over time.
Learn more about CPI :
brainly.com/question/32360208
#SPJ4
Post-secondary education is
Answers
DescriptionTertiary education, also referred to as third-level, third-stage or post-secondary education, is the educational level following the completion of secondary education.
two purposes of an advertisement
Answers
An advertisement can also help to build and develop a brand image which is distinctive and unique compared to others.
Using the amount of his current paycheck, Miguel created a series of financial goals and strategies. Which type of financial risk might this cause for him in the future?
✅income risk
- interest rate risk
- personal risk
- inflation risk
Answers
The Inflation risk is the financial risk might affect Miguel in the future.
The financial risk are risk that pose the possibility of losing one's money on an investment or business venture.
Here, it is obvious Miguel financial goals and strategies may involve investment with his Current paycheck say $1,000,000.
If he invest in a Money market now which pays 10%, Inflation will cause the purchasing power of the amount e invested to reduce in the future.
Thus, the Inflation risk, also called purchasing power risk is the financial risk that might affect Miguel financial goals and strategies.
Learn more about Inflation Risk here
brainly.com/question/898238
Which of these is NOT a concern for consumers in times of inflation?
a.They cannot anticipate the cost of goods and services.
b.They lose money on their investments and savings.
c.They are at a disadvantage when paying back borrowed money.
d.They struggle when they are on a fixed income.
Answers
Answer: D
Explanation:
SOMEONE HELP ME PLEASE
Which sentence describes a cooperative organization?
Cohen and his friends work in a cooperative organization.
They own and control the functions of the organization.
Their sole motive is to gain profit.
They can trade their stocks in the financial market.
Answers
The statement "They own and control the functions of the organization" best describes a cooperative organization.
A cooperative is when two or more people come together to form an organization or form a business that is democratically run and managed by them alone. This means that it is a united effort by the individuals involved to run a business.
Cooperatives may vary according to the needs and wants of the individuals. But at the same time, the rules and other policies can also be changed to suit the need of the members.Cooperatives represent a much better form of unity and accomplishments, especially for lesser known individuals or less powerful members of the society.Such individuals may be farmers, workers, individual producers, etc. who would unitedly work to accomplish common goals and beliefs.Thus, the correct answer is the second option.A cooperative organization, in short, can be best stated as the unified union or gathering of various individuals with different expertise or dreams with the aim to achieve success. They share the responsibilities among themselves and also control the functions of the organizations equally.
Learn more about cooperative work here:
brainly.com/question/9215587
'Cooperative Organization' is characterized as the 'organization that is either partially or wholly owned and regulated by its employees, customers, or tenants.'
The sentence that appropriately describes such an organization would be:
B). They own and control the functions of the organization.
In a cooperative organization,
The people willingly come forward to accomplish their common needs including various economic, communal, and cultural needs. To serve these purposes, these people collectively own an enterprise/company whose goods and services are used by them only. Each member carries equal power and rights in such an organization Agriculture, utilities, Insurance, Healthcare, etc. are some of the illustrations of such organizations.Learn more about 'Cooperative organization' here:
brainly.com/question/11255333
tax-deferred retirement plans are a type of: group of answer choices exemption. itemized deduction. passive income. tax shelter. tax credit.
Answers
Tax-deferred retirement plans are a type of tax shelter. It is because in the tax-deferred savings plan, a taxpayer is being postpone paying income taxes on the money invested.
In economic and business, A tax-deferred savings plan generally can be defined as an investment account that allows a taxpayer to postpone paying income taxes on the money invested until it is withdrawn, generally after retirement. There are some example of tax-deferred savings plan, the most well known tax-deferred savings plan are individual retirement accounts (IRAs) and 401(k) plans. While Tax shelters generally can be defined as a ways individuals and corporations reduce their tax liability.
Here you can learn more about tax-deferred savings plan https://brainly.com/question/11304061
#SPJ4
influences of Business environment,
Answers
Factors that Influence the business environment are :
Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment
The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.
Importance of business environment:
Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.The economic environment is all the things that create an economic impact on the firm.
The social environment is all the traditions and customs of the society that creates an impact on the firm.
The technological environment is all the impact on the firm caused due to new technology and upgradations.
The political environment is the conditions and behavior that the elected representatives hold toward the business
The legal environment is entirely based on the rules and legislation of the authorities.
For more about Business Environment refer to the link : https://brainly.com/question/26589766
CPT incorporated is a local manufacturer of conveyor systems. Last year, CPT sold over $2 million worth of conveyor systems that netted the company $100,000 in profits. Raw materials and labor are CPT’s biggest expenses. Spending on structural steel alone amounted to over $500,000, or 25 percent of total sales. In an effort to reduce costs, CPT now uses an online procurement procedure that is best described as a first-price, sealed-bid auction. The bidders in these auctions utilize the steel for a wide variety of purposes, ranging from art to skyscrapers. This suggests that bidders value the steel independently, although it is perceived that bidder valuations are evenly distributed between $6,000 and $21,000. You are the purchasing manager at CPT and are bidding on three tons of six-inch hot-rolled channel steel against 4 other bidders. Your company values the three tons of channel steel at $9,000. What is your optimal bid?
Answers
The optimal bid for CPT is $3,000, which is lower than the actual value of steel but maximizes the expected profit.
In a first-price sealed-bid auction, a buyer like CPT can submit a single bid for the steel, and the highest bid wins the steel. It means that if CPT bids lower than other bidders, the company will lose the auction, but if it bids higher than other bidders, CPT will win the auction and pay more than the actual cost of steel.
Therefore, CPT needs to determine its optimal bid. The optimal bid is calculated by comparing the expected cost of each bid with the expected benefit of winning the auction. The expected benefit is the difference between the actual value of the steel and the winning bid.
CPT’s optimal bid is the bid that maximizes the expected difference between the value of steel and the winning bid.In this case, CPT values three tons of channel steel at $9,000, which is less than the maximum valuation of $21,000. Therefore, the expected value of the steel is higher than CPT’s valuation, but the company cannot bid more than the value of the steel.
To find the optimal bid, CPT needs to calculate the expected value of each bid.
Bidders value the steel independently, and their valuations are evenly distributed between $6,000 and $21,000. Therefore, the expected value of the steel is the average of the highest and lowest valuations: Expected value = (6,000 + 21,000) / 2 = $13,500The expected benefit of winning the auction is the difference between the actual value of steel and the winning bid.
Since there are four other bidders, the probability of winning the auction is 1/5. If CPT wins the auction, the expected benefit is:$9,000 – bid price if CPT does not win the auction, the expected benefit is 0. Therefore, the expected benefit of each bid is: Expected benefit = 1/5 x (9,000 – bid price)The expected cost of each bid is the bid price. Therefore, CPT’s expected profit for each bid is: Expected profit = Expected benefit – Expected cost expected profit = 1/5 x (9,000 – bid price) – bid price expected profit = 1,800 – 3/5 x bid price.
The optimal bid is the one that maximizes the expected profit. To find the optimal bid, CPT needs to differentiate the expected profit with respect to the bid price and set the result to zero:∂Expected profit / ∂bid price = -3/5 = 0Bid price = $3,000Therefore, the optimal bid for CPT is $3,000, which is lower than the actual value of steel but maximizes the expected profit.
for such more questions on bid
https://brainly.com/question/28106407
#SPJ8
Give a least two reseons why u think your product and country would be a good idea
Answers
Answer:
my Product and Country Would be a good idea because instead of charging taxes I would make sure everyone is not at the same level but to a point to where no one is homeless or in need of help my product would be something that could make food for free and anytime food is not hard to come by but the wealthy buys so much food that they don't need and discard that those who do need the food cannot retrieve the food because it is already gone being wealthy is nice but if I was wealthy I would try to at least let those around me either become wealthy or make sure they never need something to the point they could die for it.
Explanation:
A firm's ________ describes how a firm will produce a superior return on invested capital. Question 9 options: A) market strategy B) competitive advantage C) value proposition D) revenue model
Answers
Answer:
D) revenue model
Explanation:
In business and finance, the revenue model refers to the way how a company plans to make profits, and the higher the profits, the better.
The revenue model of a company must include:
how the business will communicative and establish its value with its customers. Customers assign a value to the products and services that a business offers, and they will continue to purchase them as long as the value they perceive is larger than the price. how are company plans to price the value our customers assign to our products and services. If the customer value is higher than our price, customer surplus will result, but we will also be losing the opportunity to make money. Ideally, the price should equal the customer value.What are ways to get money to grow. What can you invest in? What are secured retirement investments versus risky investments.
this question needs to have commentary..
Answers
We can get money to grow through stock market , mutual funds,savings account, investment bonds.
What can you invest in?
High yield savings account.Short-term certificate of deposit.Short-term Treasury fund.Series I BondWhat are secured retirement investments versus risky investments?
Secured retirement investment make it easier for small businesses to set up 401(k)s, we're increasing the limit at which employees can be automatically enrolled in the Safe Harbor Retirement Plan from 10% to 15% of their wages.
Risky assets include foreign exchange trading, REITs and initial public offerings (IPOs). There are other forms of risky investments such as venture capital investments and investments in the cryptocurrency market.
Investment :Investment can refer to any mechanism used to generate future income. This includes, among others, the purchase of bonds, stocks or real estate. Additionally, buying real estate that can be used to produce goods can be considered an investment.
Investing is the purchase of financial assets with the potential to increase in value, such as stocks, bonds, shares of exchange-traded funds (ETFs) and mutual funds. There is no guarantee that an investment will maintain or increase in value over time.
Learn more about investment:
brainly.com/question/27717275
#SPJ1
If the local government imposed a minimum wage of $4 in productionville, how many people would be unemployed
Answers
If the local government imposed a minimum wage of $4 in production Ville, then employment will decrease by 0.
Who among the following would be counted as unemployed?
If a person does not have a job, has actively sought employment during the previous four weeks, and is currently eligible for employment, they are considered to be unemployed.
How do we figure out the unemployment rate?
To find the proportion of unemployed people, divide the number of unemployed people by the total workforce, and multiply the result by 100.
What is considered the natural rate of unemployment?
Many people believe that a rate of unemployment between 4% and 5% indicates full employment and is not very alarming. The lowest rate of unemployment that exists while inflation is steady or when it is not increasing is known as the natural rate of unemployment.
Learn more about Unemployment: https://brainly.com/question/14227610
#SPJ4
What are the main security concerns with using AI techniques in
industries, and how are they being approached/resolved?
Answers
AI or artificial intelligence refers to the use of algorithms and statistical models that allow machines to perform tasks that would normally require human intelligence. While AI has revolutionized industries, there are security concerns associated with it.
What are the main security concerns with using AI techniques in industries, and how are they being approached/resolved?The main security concerns with using AI techniques in industries include the following:Data breaches: Data breaches are one of the most significant security risks associated with AI. Malicious use: Malicious use is another security concern associated with AI. Hackers could use AI to develop more sophisticated attacks, making it more difficult to detect them. Vulnerabilities: AI systems are vulnerable to various types of attacks. These include adversarial attacks, where an attacker manipulates data to trick the system, and backdoor attacks, where an attacker can bypass the system's security measures. AI systems can also be compromised through supply chain attacks, where an attacker targets a third-party supplier of the system or its components.
learn more about artificial intelligence here:
https://brainly.com/question/30486198
#SPJ11
The independently owned and operated cafeteria inside the local hospital uses inputs such as
money, groceries, and labor to transform food into hot meals. In this scenario, which of the following
is a transformation process?
Answers
Answer: The transformation process in this scenario involves using inputs such as money, food, and labor to turn the food into hot meals.
Explanation: In this scenario, an independent cafeteria operated out of a local hospital takes money, food, and labor and turns them into hot meals. This transformational process is an important part of cafeteria operations as it creates meals that can be served to hospital staff, patients, and visitors. By taking these inputs and turning them into an end product (hot meals), the cafeteria demonstrates the basic principles of the transformation process. Therefore, in this scenario, the transformation process refers to the process of converting the inputs (money, food, and labor) into a finished product (hot food).
To know more about the transformation process,
https://brainly.in/question/48601897
when the dangers of a product misuse or land area are obvious true or false
Answers
when the dangers of a product misuse or land area are obvious is false.
When the dangers of a product misuse or land area are obvious, it does not absolve the manufacturer or owner of the responsibility to provide appropriate warnings, instructions, or safety measures.
Even if the risks may seem apparent, it is crucial for manufacturers and owners to take proactive steps to ensure consumer safety and prevent accidents or harm.
Not everyone may have the same level of knowledge or awareness regarding potential dangers, and proper warnings can help educate and inform individuals about specific risks.
Additionally, providing safety measures and instructions can further mitigate potential hazards and protect individuals from unintended misuse or accidents.
Neglecting to provide clear and comprehensive warnings and safety guidelines could result in legal liability if harm occurs, even if the dangers may seem obvious to some.
for similar questions on land area.
https://brainly.com/question/15166114
#SPJ8
when the dangers of a product misuse or land area are obvious? true or false?
Sales tax in your community is 7.5%. If you go to Becks and buy a polar pop for $0.99, slice of pizza for $2.25, and chips for $0.75, what amount will you pay once the sales tax is added to your purchase?
Answers
Answer:
$4.29
Explanation:
Sales tax is a type of consumption tax. It is levied by the government or an agency of the government on the sales. Taxes increase the prices of goods and services
Total amount paid = total price of items purchased + tax amount
total price of items purchased = $0.99 + $2.25 + $0.75 = $3.99
Tax amount = 0.075 x $3.99 = $0.299
Total amount paid = $4.29
the best income tax filing status for a married couple where both are high earners and at least one has large personal deductions is:
Answers
The best income tax filing status for a married couple where both are high earners and at least one has large personal deductions is "Married Filing Jointly."
"Married Filing Jointly" is generally the most advantageous filing status for married couples when both partners have high incomes and significant personal deductions. By filing jointly, the couple can combine their incomes and deductions, which may result in a lower overall tax liability compared to filing separately.
When both spouses have high incomes, filing separately could potentially result in a higher tax burden due to limitations on certain tax benefits and higher tax rates for separate filers.
Filing jointly allows for a wider range of deductions and tax credits, such as the standard deduction, itemized deductions, and various credits, which can help reduce the couple's overall tax liability.
Furthermore, if one spouse has significant personal deductions, such as large medical expenses or mortgage interest, filing jointly allows for the full utilization of those deductions, potentially resulting in additional tax savings.
However, it is important to consult with a tax professional or use tax software to determine the specific tax implications and benefits based on the couple's individual circumstances.
Learn more about Married Filing Jointly here:
https://brainly.com/question/30371487
#SPJ11
Suppose the skills needed to perform the work in the two industries are identical, and the supply of labor to the two industries is fixed at 6,000 workers per day. What will be the equilibrium wage, and how many workers will work in each industry?
Answers
Answer and Explanation:
The computation of the equilibrium wages and the number of workers in each industry is as follows:
Since the supply of labor is 6,000
As per the attached graph, the common rate is $8 per hour so if we take 2000 workers in industry A and 4000 workers in industry b
So, the equilibrium wage would be $8
Hence, the same would be considered and relevant too
the perfectly competitive firm's short-run supply curveif the firm is producing a quantity of output for which mc > mr, then the firm should increase production to increase its profits. group of answer choices false trueis that portion of its mc curve that lies above its afc curve. group of answer choices false true
Answers
That portion of its mc curve that lies above its afc curve in perfectly competitive market is true.
What is a competitive market?A competitive market grows as a result of increasing consumer demand for goods and services. Businesses must evaluate their manufacturing costs, pricing strategies, and product output due to the rivalry this market system creates. Both perfect competition and competitive markets seek to take into account the buyer and the supplier equally and build strategies based on the current supply and demand in the market. In this post, we define competitive marketplaces, outline their characteristics, and explain how they differ from one another. There are plenty of competent buyers and sellers in a completely competitive market, and there are no barriers to entry or chances for monopolies.
To learn more about competitive market, visit:
https://brainly.com/question/13686157
#SPJ4
4) How does equity differ from inclusion?
Answers
Equity and inclusion are related concepts but have distinct meanings:
Equity refers to fairness and justice in providing equal opportunities and outcomes, taking into account historical disadvantages and systemic barriers.
focuses on addressing disparities and ensuring everyone has what they need to succeed, regardless of their backgrounds or circumstances.
Inclusion, on the other hand, is about creating an environment where diverse individuals feel valued, respected, and empowered to fully participate. It involves actively involving and embracing people from different backgrounds, perspectives, and experiences, fostering a sense of belonging and equal participation.
While equity aims to address existing inequalities and level the playing field, inclusion focuses on creating an environment where diversity is celebrated and individuals are encouraged to contribute fully. Equity is about fairness in outcomes, while inclusion emphasizes creating an inclusive culture that values and respects diversity. Both equity and inclusion are crucial for promoting social justice and creating a more equitable and inclusive society.Equity goes beyond treating everyone equally and recognizes that individuals have different needs and starting points. It seeks to identify and rectify systemic barriers that hinder certain groups from accessing opportunities or achieving desired outcomes. Equity involves providing targeted support, resources, and accommodations to those who face disadvantages or marginalization. The goal is to ensure that everyone has a fair chance to succeed and thrive, regardless of their background, identity, or circumstances.
Inclusion, on the other hand, focuses on creating a sense of belonging and actively involving individuals from diverse backgrounds. It emphasizes creating an environment where all individuals feel respected, valued, and supported to participate and contribute their unique perspectives and talents. Inclusion involves fostering a culture of collaboration, open communication, and mutual respect, where diversity is seen as a strength and is actively sought out and embraced.
Both equity and inclusion are interconnected and mutually reinforcing. Achieving equity requires creating inclusive environments where individuals feel welcomed and empowered to participate fully. Inclusion, in turn, cannot be truly achieved without addressing systemic barriers and promoting equity to ensure that all individuals have equal opportunities and experiences.
Learn more about diversity here:
https://brainly.com/question/9279105
#SPJ11
when an accountant is not independent of an entity and is requested to perform a compilation of the entity's financial statements, the accountant:
Answers
C - May accept the engagement and should disclose both the lack of independence and the reason for the lack of independence is correct.
Because an accountant might accept the engagement, answer A is untrue.
Because the absence of independence needs to be disclosed, answer B is erroneous.
Because AR 100 says that an accountant may accept such an assignment and that the compilation report should reveal the loss of independence but not the cause of that lack of independence, answer C is the right one. If a CPA is asked to prepare an annual account but is not required to be independent of the client, the CPA is not permitted to accept the contract.
The complete question is:
When an accountant is not independent of a client and is requested to perform a compilation of its financial statements, the accountant
a) Is precluded from accepting the engagement.
b) May accept the engagement and need not disclose the lack of independence.
c) May accept the engagement and should disclose the lack of independence, but not the reason for the lack of independence.
d) May accept the engagement and should disclose both the lack of independence and the reason for the lack of independence.
To know more about disclose click on the below link
https://brainly.com/question/2030185
#SPJ4