Explanation:
the answer should be business plan
To be successful in a product liability action based on _____, the plaintiff must prove that the defendant breached a duty of due care to the plaintiff and thereby caused the plaintiff's injuries.
Answer:
negligence
Explanation:
In order to be successful in a product liability action based on negligence the following elements must be proved: Duty ,Breach of Duty ,Cause in Fact ,Proximate Cause and Damages(plaintiff)
A company in which your client owns stock is about to make a rights offering. The client informs you that he does not plan on subscribing to the offer. You would tell the client that his proportionate ownership interest in the company would: ___________
Answer:
decrease
Explanation:
According to my research on different investment terminology, I can say that based on the information provided within the question you would tell the client that his proportionate ownership interest in the company would decrease. This is because if other people buy shares of the company the overall amount of shares sold increases and your percentage owned goes decreasing as more people buy.
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Fred wants to take out a loan. Suppose he can afford to make monthly payments of 200 dollars and the bank charges interest at an annual rate of 5 percent, compounded monthly. What is the maximum amount that Fred could afford to borrow if the loan is to be paid off eventually?
The maximum amount Fred can borrow is approximately $3,754.64.
Explanation:To find the maximum amount that Fred could afford to borrow, we need to calculate the present value of his monthly payments using the formula for the present value of an annuity:
PV = P * (1 - (1 + r)^(-n)) / r
Where PV is the present value, P is the monthly payment, r is the monthly interest rate, and n is the total number of payments. In this case, P is $200, r is 0.05/12, and n is the number of months Fred will be making payments. We can rearrange the formula to solve for the loan amount:
Loan amount = PV * r / (1 - (1 + r)^(-n))
Substituting the given values, the loan amount Fred could afford to borrow is approximately $3,754.64.
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__________________encompasses all of the information contained within a single business process or unit of work and its primary purpose is to support daily operational tasks and repetitive decisions like analyzing daily sales reports and deciding how much inventory to carry.
Answer:
Transactional information.
Explanation:
For the valuing Organizational Information, there are three types of information:
-Transactional information.
Contained within a business process. Supports performing daily operations.
A strategic way to use IT to share information resources and improve both efficiency and effectiveness of business processes to help a business attain it´s strategic objectives.
Characteristics of information: Accuracy, completeness, consistency, uniqueness, timeliness.
Using the wrong information can lead to making the wrong decision. This can cost money, time, and even reputation.
-Analytical information.
Includes transactional information plus market and industry information.
-The value of timely information.
In real time, immediate, up to date. Within the decision makers time frame.
The risk-free rate of interest is 4% and the market risk premium is 9%. Howard Corporation has a beta of 2.0, and last year generated a return of 16% with a standard deviation of returns of 27%. The required return on Howard Corporation stock? is:
A. 26%.
B. 22%.
C. 14%.
D. 36%.
Answer:
B. 22%.
Explanation:
Capital asset pricing model (CAPM) relates the required rate of return on an asset to its riskiness, as measured by the asset's beta. An asset's beta is the volatility of the asset's returns relative to the volatility of market returns. The expected return on the asset = risk-free rate + beta * market risk premium.
===> 4%+ 2x9% ===> 22%.
Using the Capital Asset Pricing Model, the required return on Howard Corporation stock is calculated to be 22%.
Explanation:The required return on the Howard Corporation stock can be calculated using the Capital Asset Pricing Model (CAPM), which is formulated as follows:
Required Return = Risk-free Rate + Beta*(Market Risk Premium)
In this case, the risk-free rate is 4%, Beta is 2.0, and the Market Risk Premium is 9%. Therefore, the required return can be calculated as:
Required Return = 4% + 2.0*9% = 4% + 18% = 22%
So the answer is B. 22%.
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A defendant claimed he was forced to give robbers access to a company storage facility because they said his children would never be safe unless he cooperated. Is his claim to have been forced to commit an illegal act valid?
Answer:
no
Explanation:
According to my research on different hostage cases, I can say that based on the information provided within the question he does not have a valid claim. This is because even though the defendant was being coerced (threatened to do something against their will) the danger that his children were facing was not immediate or present. Therefore in the eyes of the law he had other options like going to the police.
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In which level of linkage does a company’s strategic business planning function exist without any input from the HRM department?
a) One-way linkage
b) Executive linkage
c) Two-way linkage
d) Administrative linkage
e) Integrative linkage
Answer:
The correct answer is d) Administrative linkage
Explanation:
Business planning is one of the basic pillars on which the Business Plan is to be sustained: Commercial planning is a part of the strategic planning of the company, which aims to develop action programs to achieve the objectives of Company marketing .
For the objectives to be met, the company must organize all available means and establish the corresponding strategies.
For 2016, NestorCompany had revenues in excess of expenses. Which statement describes Nestor’s closing entries at the end of 2016 (assume there is only one closing entry for both revenue and expenses)?
A. Revenues will be debited, expenses will be credited, and retained earnings will be debited.
B. Revenues will be debited, expenses will be credited, and retained earnings will be credited.
C. Revenues will be credited, expenses will be debited, and retained earnings will be credited.
D. Revenues will be credited, expenses will be debited, and retained earnings will be debited.
Answer:
Which statement describes Nestor’s closing entries at the end of 2016 (assume there is only one closing entry for both revenue and expenses)?
Explanation:
A. Revenues will be debited, expenses will be credited, and retained earnings will be debited.
Closing entries, also called closing journal entries, are entries made at the end of an accounting period to zero out all temporary accounts and transfer their balances to permanent accounts. In other words, the temporary accounts are closed or reset at the end of the year
it is best to withhold unpopular opinions
(strongly agree or disagree
Answer:
disagree
Explanation:
because its your opinion not nobody else so you can say it
When it comes to unpopular opinions, it is best to talk about them, so I disagree.
What is an Opinion?This refers to a personal viewpoint about something which might not be factual and is usually sentimental.
Hence, we can see that expressing opinions is one way to understand people and because a person has a different opinion from others about something which makes it unpopular does not mean he should not express himself.
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In his speech, George plans to convince his audience to buy a refillable water bottle instead of disposable water bottles. What is the general purpose of George’s speech?
Answer: Persuasion
Explanation: Persuasion can be define as the act of influencing someone or changing their mindset. In such case, the one persuading other must have his own mind set.
In the given case, George wants the audience to change their mindset of using plastic bottles as they are harmful for environment.
Thus, from the above we can conclude that the purpose of George behind his speech is persuasion.
If a farmer sells 15 of his chickens, his stock of feed will last for 4 more days than planned, but if he buys 20 more chickens, he will run out of feed 3 days earlier than planned. If no chickens are sold or bought, the farmer will be exactly on schedule. How many chickens does the farmer have?
Answer:
300 chickens
Explanation:
Let number of chickens = x
Let number of scheduled days that the farmers stock will last = y
Story 1
Number of chicken=x-15
Number of days =y+4
(x-15)(y+4)=0
4x-15y-60=0
Story 2
Number of chickens =x+20
Number of days =y-3
(x+20)(y-3)=0
-3x+20y-60=0
Form (1) and (2)
4x-15=-3x+20
7x=35y
X=5y
Sub x= 5y into (1)
20y-15y-300=0
5y=300=x
Scarcity A. is the same thing in economic terminology as a shortage. B. results from unlimited resources coupled with limited wants. C. can be eliminated with improvements in technology. D. results from unlimited wants coupled with limited resources.
Answer: Option D
Explanation: In simple words, scarcity refers to the problem of unlimited wants of people that could be satisfied with the resources that are limited in nature.
Due to this scenario the people have to decide how they want to allocate the resources of their share.
Hence from the above we can conclude that the correct option is D.
Because time is of the essence, volunteers should be interviewed: A. Every week with as many persons who have volunteered. B. At 10-minute intervals. C. In small groups. D. By job type.
Answer: Option D
Explanation: As time is a very important resource for every organisation and is considered as the essence of success, business organisations should manage it properly.
The interviewing process in recruitment should be done on the basis of job type. It means all the candidates that are applying for same job profile or job in the same departments should be interviewed at the same day individually. This will help the organisation to save its time.
Hence, from the above we can conclude that the right Option D.
Volunteers should be interviewed at 10-minute intervals, by job type, and potentially in small groups to manage time efficiently. Each method has its advantages, with intervals allowing individual assessment and job type interviews focusing on relevant skills, while small groups can evaluate teamwork.
When considering how volunteers should be interviewed because time is of the essence, it is essential to manage the interview process efficiently. Interviews could be scheduled at 10-minute intervals to ensure that each volunteer is given attention while also keeping to a strict schedule. This approach facilitates a rapid yet orderly interview process. Additionally, by grouping interviews by job type, interviewers can focus on specific roles and streamline the discussion towards relevant skill sets and experiences pertinent to those roles. It is also beneficial to keep interviews short and organized, with a clear purpose communicated to the volunteers, ensuring that they understand their participation is voluntary and valuing their time and contribution.
Conducting interviews in small groups could be another method to expedite the process, though it might not offer the same depth of individual assessment as one-on-one interviews. However, this approach can be conducive to evaluating group dynamics and teamwork skills. No matter the method, ensuring that every volunteer is interviewed allows for their personal opinions to be heard, signifying respect for their willingness to contribute to the organization.
4. The real interest rate equals ________. the inflation rate minus nominal interest rates nominal interest rates minus the inflation rate nominal interest rates plus the inflation rate the actual interest rate over the period of the investment
Answer:
The real interest rate equals nominal interest rates minus the inflation rate.
Explanation:
Interest rate simply refers to a proportion of the borrowed money that is charged to the borrower.
So, in an ideal situation with zero inflation, if a borrower gets $100 with a nominal interest rate of 10%, he should pay $10 in interests by the end of the period, so the lender will get his $100 back, plus $10, or 10% of the money borrowed. He ended up with a higher monetary value, having used a real interest rate of 10%.[tex]Real Interest = NominalInterest-Inflation Rate\\Real Interest = 10percent-0\\Real Interest = 10percent[/tex]
Let's now say that the inflation rate is 10%. The borrower gets $100 with a nominal interest rate of 10% and an inflation rate of 10%. In this case, he should still pay $10 in interests by the end of the period. The lender will get his $100 back, plus $10 of interests, and even so, he will still end up with the same monetary value as before! He won't be able to buy any more things with $110 now than he was able to buy with $100 before, so his real return was 0%.[tex]Real Interest = NominalInterest-Inflation Rate\\Real Interest = 10percent-10percent\\Real Interest =0[/tex]
This happens because when there is an inflation rate of 10%, the monetary value of $100 equals the monetary value of $110 at the end of the period, so you actually need more money to compensate.Now, let's say the nominal interest rate is 10%, with an inflation rate of 5%. The borrower would have to pay $10 in interests, so the lender gets his $100 back, plus $10. Since the value of $100 of before equals $105 in the present, and he got $110, he gained some monetary value, but how much? We determine his return with the real interest rate:[tex]Real Interest = NominalInterest-Inflation Rate\\Real Interest = 10percent-5percent\\Real Interest =5percent[/tex]
The real interest rate is calculated by subtracting the inflation rate from the nominal interest rate. Changes in inflation or deflation can significantly impact the real interest rate, affecting loan repayment and the overall economy. In the U.S., nominal interest is taxed without adjusting for inflation, which can negatively impact the real gains from an investment.
Explanation:The real interest rate equals the nominal interest rates minus the inflation rate. For example, if the nominal interest rate is 7% and the inflation rate is 3%, the real interest rate is 4%. If there is deflation, or a decrease in prices, of 2%, the real interest rate would actually be 9%, adjusting the nominal rate for the deflation. This can impact the repayment of loans and the overall economy if it leads to bank losses or declines in aggregate demand.
Further implications of interest rates are seen in the tax system where the U.S. taxes nominal interest without adjusting for inflation, impacting the real gain from an investment. In these instances, the real interest rate could even turn negative due to high inflation, leading to a negative gain in buying power despite a positive nominal interest. Thus, when dealing with interest rates, it's important to consider the underlying real interest rate after accounting for inflation.
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All Bikes, Inc., a firm in Wisconsin, advertises on the Web. A court in Ohio would be most likely to exercise jurisdiction over All Bikes if the firm
a. only engaged in passive advertising on the Web.
b. did substantial business with Ohio residents over the Internet.
c. interacted with any Ohio resident through its Web site.
d. suddenly removed its ad from the Internet.
Answer:
b. did substantial business with Ohio residents over the Internet.
Explanation:
Based on the information provided within the question a court in Ohio would be most likely to exercise only if the company did substantial business with Ohio residents over the Internet. If a sales company does not do enough business with Ohio's residents then it will not affect the state's economy and therefore not be worth their time to exercise jurisdiction on the company.
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In a mixed market economy, government regulations are intended to both consumers and producers. Those who support regulation in the market argue that these laws ___________, while those who are against government regulation argue that these laws ___________.
Answer:
In a mixed market economy, government regulations are intended to protect both consumers and producers. Those who support regulation in the market argue that these laws protect everyone, while those who are against government regulation argue that these laws are costly.
Explanation:
Those who support regulation in the market argue that these laws protect everyone, while those who are against government regulation argue that these laws are costly.
What is a mixed market?This is a type of market that is made up of a free market and also has some elements of Government regulations in it.
In this type of market, the government can also set some rules that are meant to show government control.
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Without written permission, Phillip tells his buyer Tom, that his seller Mark is getting divorced and has to sell the property quickly. Phillip is representing both Mark and Tom as a transaction broker. Phillip has violated which agency duty?
Answer:
limited confidentiality
Explanation:
According to my research on broker rules and responsibilities, I can say that based on the information provided within the question Phillip has violated the limited confidentiality. This is an ethical duty within certain jobs such as a broker in which they cannot represent both sides of an opposing case or argument. This is because each side may have vital information that grants them a favorable advantage in a case, and this leads to the broker not being able to help one of the individuals win the case, in other words the broker needs to biased in this line of work.
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Given the following information on a 30-year fixed-payment fully amortizing loan, determine the owner’s equity in the property after seven years if the market value of the property is $240,000 at the end of year 7: rate: 7%; monthly payment: $1,200.
Answer:
$75598,25
Explanation:
Classify the following as fixed or variable costs:
a. Fuel Interest on company-issued bonds
b. Shipping charges
c. Payments for raw materials
d. Real estate taxes
e. Executive salaries
f. Insurance premiums
g. Wage payments
h. Depreciation and obsolescence charges
i. Sales taxes
j. Rental payments on leased office machinery
Answer:
a. Fuel Interest on company-issued bonds FIXED
b. Shipping charges VARIABLE
c. Payments for raw materials VARIABLE
d. Real estate taxes FIXED
e. Executive salaries FIXED
f. Insurance premiums FIXED
g. Wage payments VARIABLE
h. Depreciation and obsolescence charges FIXED
i. Sales taxes VARIABLE
j. Rental payments on leased office machinery FIXED
Explanation:
Fixed costs are the cost of an organization that don´t change with the amount of production. So , if the production is 0, this cost will exist anyway. For example: real estate taxes, rental
Final answer:
Fixed costs are expenses that do not change regardless of production levels, whereas variable costs fluctuate with the scale of production or sales. Fuel interest on bonds, real estate taxes, executive salaries, insurance premiums, depreciation charges, and rental payments are classified as fixed costs. In contrast, shipping charges, payments for raw materials, wage payments, and sales taxes are considered variable costs.
Explanation:
To classify the following as fixed costs or variable costs, we need to understand the nature of each type of expense:
Fuel Interest on company-issued bonds - Fixed costs, as these are predetermined expenses that are typically the same regardless of production levels.
Shipping charges - Variable costs, since they correlate with the quantity of goods being shipped.
Payments for raw materials - Variable costs, because they directly depend on the amount of materials needed for production.
Real estate taxes - Fixed costs, as they are usually set annually and do not fluctuate with production.
Executive salaries - Fixed costs, as they tend to be constant irrespective of the company's output.
Insurance premiums - Fixed costs, assuming they are uniform and do not change with production levels.
Wage payments - Typically variable costs, especially if wages are paid per hour or based on production performance.
Depreciation and obsolescence charges - Fixed costs, as they are accounting charges that do not vary with production.
Sales taxes - Variable costs, since they are applied per sale and therefore will vary with sales volume.
Rental payments on leased office machinery - Fixed costs, because they are contractual charges that do not change with how much the machinery is used.
the People's Bank has $1 million in loans, $2 million in checkable deposits, and $300,000 in reserves. If the reserve ratio set by the Federal Reserve is 0.2, then the additional amount of _____ must be held as reserves.
a. $60,000
b. $200,000
c. $100,000
d. $600,000
Answer:
excess reserve = $100000
correct option is C $100,000
Explanation:
given data
loan = $1 million
deposits = $2 million
reserve = $300,000
reserve ratio = 0.2
to find out
additional amount as reserve
solution
we know here
first we find here required reserve that is express as
required reserves = reserve ratio × deposits ..........1
required reserves = 0.2 × 2 million
required reserve = $400000
so
excess reserve is difference of actual reserve and required reserve that is
excess reserve = 400000 - 300000
excess reserve = $100000
correct option is C $100,000
Companies that take a proactive stance toward the marketing environment are most likely to ________.
Answer:
Come up with strategies that change the marketing environment.
Explanation:
Companies with a proactive approach tend to operate ahead of time. They don't wait for a situation or an event to take certain actions but they are well-prepared beforehand to deal with all sorts of issues that may arise in the future. They do so by adopting strategies that have the ability to change the marketing environment. This also helps them gain an edge over their competitors.
Answer:
be the market leaders.
Explanation:
Being proactive in marketing means to simply anticipate the problems or situations that are likely to take place in the future, and to predict the changing needs and wants of the market. Being proactive allows companies to:
create groundbreaking campaignsbuild engagement with companiesincrease the capability to optimize campaigns based on past dataBrandon, the general manager of Pelantis International Hotel, promises Theodore, the director of marketing and sales of the hotel, a large bonus and a paid vacation if he can increase the hotel occupancy to 95 percent in the coming season. What type of leadership styles is Brandon using in this scenario?
Answer:
Transactional leadership
Explanation:
This leadership involves an exchange process whereby followers get immediate and tangible rewards for carrying out the leader’s orders. The leader can clarify what is expected of followers´ performance explaining how to meet such expectations and allocating rewards that are contingent on meeting objectives.
Sara's job includes dividing up the work and assigning tasks to each employee. She identifies people responsible for each task, decides the reporting structure, and decides employees' work relationships. Sarah is a part of the ________team in her company.a. financeb. public relationsc. controllingd. decentralizinge. organizing
Answer:
organizing team
Explanation:
According to my research on different organizational roles and responsibilities, I can say that based on the information provided within the question Sarah is part of the organizing team. This is because based on all the responsibilities and tasks that Sarah is doing, she is organizing everything in order for all aspects to be as efficient as possible and work in harmony.
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In the short run A. most firms have short run supply curves that are the same as their long run supply curves. B. firms may choose to operate at a loss. C. firms will shut down if operating at a loss. D. profit maximizing firms have identical short run supply curves.
Answer:
The correct answer is option B.
Explanation:
In the short run, firms may have a loss if the price is lower than the average total cost. In the short run though firms cannot enter or exit the market. So, if the price level is higher than the average total cost, the firms will keep operating even after incurring a loss.
In the long run though, if the price level is still lower than the average total cost, the firm will no longer operate and will exit the market.
B. In the short run, firms may choose to operate at a loss if they can cover their average variable costs.
This is because some firms may continue producing as long as they can cover their average variable costs, even if they are making economic losses. This is a strategy to minimize overall losses rather than shutting down immediately, which would lead to incurring fixed costs without any revenue. This is typical in conditions where the price has fallen below the average cost but remains above the average variable cost.On the other hand, option C is incorrect because not all firms will shut down if they are operating at a loss; it depends on whether they can cover their variable costs. Firms that cannot cover their average variable costs will indeed shut down immediately. Options A and D are also incorrect as short-run and long-run supply curves can differ due to the presence of fixed costs in the short run and the variability of resources in the long run.According to the quantity theory of money, if the longminusrun economic growth rate is 2.5%, by how much should the Fed increase the money supply if it wants inflation to be 2%?
Answer:
4.5%
Explanation:
The quantity theory of money states: M x V = P x Y [M: Money supply, V: Velocity of money, P: price level & Y: GDP or output.
If the Fed wants inflation to be 2%, it will need to increase the money supply 4.5%.
Thus M × V will rise 4.5%, causing P × Y to rise 4.5%, with a 2% increase in prices and
a 2.5% rise in real GDP.
Alexander, Inc., declared and distributed a 10 percent stock dividend on its 700,000 shares of outstanding $5 par value common stock when the stock was selling for $12 per share. The outstanding shares had originally been sold at $8 per share. The balance in retained earnings before the declaration of the stock dividend, but after the addition of the current year’s net income, was $995,000. Prepare the stockholders’ section of Alexander’s balance sheet to reflect these facts.
Common Stock ____________
Addt'nal paid-in capital-Common Stock ____________
________________________ ____________
Retained earnings ____________
Total stockholders' equity ____________
Answer:
Common Stock: 3,500,000 Additional paid-in capital-Common Stock: 2,100,000 Retained earnings: 995,000Total stockholders' equity: 6,595,000
Explanation:
Common Stock: Values at the common stocks par value. (3,500,000 = 700,000 * 5) Additional paid-in capital-Common Stock: Difference between the paid price by stockholders and par value. The negations made after the issue of the stocks are not taken into account because they don´t include the company. (2,100,000 = 700,000 * 3) Retained earnings: As the dividend are declared after the end of the accountable year they are not taken into account. So the retained earnings final balance include the beginning balance plus the net income of the accountable period. (995,000) Total stockholders' equity: Addition of the previous items.
To prepare the stockholders' section of Alexander's balance sheet, calculate the common stock, additional paid-in capital, and total stockholders' equity.
Explanation:Firstly, calculate the number of shares distributed as a stock dividend, which is 10% of 700,000, equaling 70,000 shares. The increase in common stock is the $5 par value times the new shares, equaling $350,000. The additional paid-in capital from common stock is the $7 difference between market price and par value times the new number of shares, which is $490,000.
The initial value of common stock was the $5 par value times the original number of shares (700,000), totaling $3,500,000. The additional paid-in capital was the $3 difference between the selling price and par value times the original number of shares, totaling $2,100,000.
To prepare the stockholders' section of Alexander's balance sheet, we need to calculate the additional paid-in capital and adjust the common stock and retained earnings accounts.
The common stock can be calculated by multiplying the number of shares outstanding by the par value per share: 700,000 shares * $5 par value = $3,500,000.The additional paid-in capital can be calculated by subtracting the common stock value from the total actual value of the stock dividend: ($12 market price - $8 original price) * 700,000 shares = $2,800,000.The total stockholders' equity is the sum of the common stock, additional paid-in capital, and retained earnings: $3,500,000 + $2,800,000 + $995,000 = $7,295,000.Learn more about Preparing a balance sheet for a stock dividend here:https://brainly.com/question/34519504
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During normal economic times, when there is not "excessive" unemployment or inflation, discretionary fiscal policy
A. is not used due to legal restrictions on the ability of Congress to make policy.
B. is a way of effectively spurring economic growth.
C. is used frequently to effectively fine-tune the economy.
D. is probably not very effective due to lags and the uncertainty created by repeated tax policy changes.
Answer:
The correct answer is D. is probably not very effective due to lags and the uncertainty created by repeated tax policy changes.
Explanation:
Discretionary fiscal policies: are those that governments intentionally apply to influence public revenues or expenses. They have the advantage that they can act directly on the problems but the drawback is that they are usually slow in their application due to the political and institutional procedures required for their implementation. In addition, these policies take time to achieve the objectives and are not always done effectively.
Curzon International is a hospitality chain that has a wide range of hotels and motels. The company provides luxurious and outstanding service to its customers. The amenities given by the company are highly expensive; hence, it holds a very small share in the hospitality industry. The managers are not ready to forgo their dedication to providing great service to increase their market share. This shows that the company is based on the noble purpose of a. heroism b. discovery c. excellence d. altruism
Answer: Altruism
Explanation: It refers to the behavior when an individual considers the benefit of other more important than the self benefit.
In the given case, the hotel chain has the sole purpose of providing best services to its customers. They are not ready to forego their dedication towards service even if it results in loss of their market share.
It is not a case of excellence as they are not charging extra for the same service to increase their profits.
Hence from the above we can conclude that the correct option is D.
Economics is all of the following except _______. IS. a social science B. a subject that studies choices C. a subject that arises because we want more than we can get D. a subject that tells countries what goods they must trade
Answer: Option D
Explanation: Economics is the social science that studies the factors that affects the behavior and living of the individuals. The economics revolves around three questions - what to produce, how to produce and for whom to produce.
It studies the problem of scarcity and provides for the solution of effective allocation of resources. It does not study what countries should trade as this is a subject for business management.
Hence the correct option is D.
Recent regulation such as the Riegle-Neal Act of 1994 has removed some of the federal banking laws that formerly constrained profitable opportunities for commercial banks. The Riegle-Neal Act removes the major restrictions on banks' ability to _________________.
Answer:
The correct answer is diversify geographically.
Explanation:
Diversification is one of the strategies most used by companies when it comes to expanding their market horizon. In this sense, diversifying is synonymous with expansion, growth, investment and openness.
In general, companies that are committed to diversification seek new market niches or commercial possibilities. This may be motivated by several reasons, ranging from corporate growth opportunities to the implementation of internal restructuring plans.