Answer:
c) Critical incident
Explanation:
With the information provided it seems that the appraisal technique that he is using is a critical incident. This term refers to analyzing and documenting employee behaviors during certain events, and then stating in which ones they performed well and which ones need improvement. Such as is the case in this scenario as the amount of time that Annabel spent evaluating network security protocol options was documented and analyzed, among other behaviors.
On November 1, 2018, Taylor signed a one-year contract to provide handyman services on an as-needed basis to King Associates, with the contract to start immediately. King agreed to pay Taylor $4,800 for the one-year period. Taylor is confident that King will pay that amount, but payment is not scheduled to occur until 2019. Taylor should recognize revenue in 2018 in the amount ofa.$0b.$800c.$2,400d.$4,800
Answer:
option (b) $800
Explanation:
Data provided in the question:
Amount to be received = $4,800
Duration = 1 year
Date on which the contract was signed = November 1, 2018
Now,
For the year 2018, the number of months left are 2
therefore,
Revenue to be recognized in 2018
= [Amount to be received ÷ Duration in months ] × Months left in 2018
= [ $4,800 ÷ 12 ] × 2
= $800
Hence,
The correct answer is option (b) $800
A main reason why the standard of living improved in the united states was the
Answer:
increased production of goods
Explanation:
A main reason why the standard of living improved in the united states was the increased production of goods
If a librarian were to direct you to a source’s alphanumeric tag on a library shelf, what term is she implicitly referencing for that source?
Answer:
The correct answer is: call number.
Explanation:
Materials in a library are arranged on the basis of their subjects. This method of organization is called classification.
The alphanumeric tag on a library shelf is known as the call number. This number is either marked on the spine of the book or in the library catalog. It refers to the location of the book.
It is like a unique identification code for each book in the library. The call number is a mix of letters and numbers and generally begins with alphabets.
_________________ involves planning, implementing, and controlling the physical flow of goods, services, and related information from points of origin to points of consumption to meet customer requirements at a profit.
Answer:
Logistics
Explanation:
Logistics is the process of managing the movement of merchandise or resources from their point of origin to the intended consumer. Logistics in an organization is the management of mobility and storage activities undertaken by the company. Logistics management will involve the identification of distributors and suppliers of the company's products.
Poor logistics will hurt business performance. If the company's products are not available for consumers to buy, low sales will be realized. An inefficient logistics system will make company products expensive. As a result, the company's goods becomes uncompetitive in the market.
A monopolist maximizes profits by:
a) by charging price equal to average cost.
b) charging price equal to marginal cost.
c) by setting MR(q)=MC(q) at a q for which p(q) is at least AVC(q).
d) by setting marginal profit equal to marginal cost.
e) by setting marginal revenue equal to marginal profit at a q for which p(q) is at least AVC(q).
Answer:
c) by setting MR(q)=MC(q) at a q for which p(q) is at least AVC(q)
Explanation:
Profit is maximised at MR= MC and price is greater than MC for monopoly.
A monopolist maximizes profits by setting marginal revenue equal to marginal cost for a quantity where price is at least the average variable cost, as determined by the market demand curve.
Explanation:A monopolist maximizes profits by selecting the profit-maximizing level of output where marginal revenue (MR) equals marginal cost (MC), and then charging the price for that quantity of output as determined by the market demand curve. If that price is above average cost, the monopolist earns positive profits. The correct answer from the options provided is c) by setting MR(q)=MC(q) at a q for which p(q) is at least AVC(q). This is because the monopolist will maximize profits by producing at the level where MR equals MC, then setting a price based on the market demand that covers at least the average variable cost (AVC).
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State tax officials, having had considerable success in persuading delinquent individuals to pay their back taxes through the incentive of reduced penalties, plan to adopt a similar approach in order to collect past due taxes from corporations.The state tax plan outlined above assumes thatA) federal tax officials will not attempt to collect back taxes in the same mannerB) stiff fines are not the only way to collect past due corporate taxesC) corporations tend to be delinquent in their taxes for the same length of time that individual taxpayers areD) past due taxes cannot be collected without a reduction in penaltiesE) penalties for delinquent corporations will have to be reduced by the same percentage as were penalties for delinquent individuals
Answer:
B) stiff fines are not the only way to collect past due corporate taxes
Explanation:
Collecting taxes is not an easy or inexpensive job. The IRS spends billions of dollars in order to collect taxes and the same applies to state taxing entities (at a smaller proportion).
So if state tax official can find a way to collect past due taxes then it should always be a good idea. Everyone loves a discount and corporations probably love discounts more. If the reduction or elimination of fines will make corporations pay their state taxes, then it's a great idea.
It's always better to collect $100 in taxes than to have $200 in past due taxes that aren't collected.
Jorah works as a technician at a factory that assembles train coaches. The coach remains stationary, and workers and machines move around it as it is assembled. Which of the following layouts is used at Jorah's workplace?
Answer:
fixed-position layout
Explanation:
Based on the information provided within the question it can be said that the layout that is being used at Jorah's workplace is a fixed-position layout. This type of layout refers to the project/product staying in a fixed position and the workers go to the product site in order to build it. Which is what Jorah does by going to the factory where the train coaches are assembled.
Jorah's workplace uses a fixed-position layout, where the train coach stays in place while workers and machines move around it. This is suited for large or heavy products. Examples include airplane assembly and shipbuilding.
Jorah's workplace uses a fixed-position layout, where the product (in this case, the train coach) remains stationary, and workers along with machines move to the product to complete assembly tasks. This contrasts with an assembly line, where the product moves along a conveyor belt to various stations for different tasks to be performed.
This type of layout is often used for large, heavy products that are difficult to move.
Aeroplane assemblyShipbuildingConstruction projectsIn the fixed-position layout, the product stays in one place due to its size/weight or the nature of the assembly process.
Gruber Corp. pays a constant $8.75 dividend on its stock. The company will maintain this dividend for the next 10 years and will then cease paying dividends forever. The required return on this stock is 12 percent. What is the current share price?
Final answer:
To find the current share price for Gruber Corp, we use the present value of an annuity formula, considering a $8.75 constant dividend over 10 years and a 12% required return.
Explanation:
To calculate the current share price of Gruber Corp stock when it pays a constant dividend for the next 10 years with no dividends afterwards, we need to use the present value of an annuity formula. Since the required return on the stock is 12 percent, we can discount the dividend of $8.75 for each of the next 10 years back to its present value.
The formula for the present value of an annuity is PV = D * ((1 - [tex](1 + r)^{-t}[/tex]) / r), where PV is the present value, D is the yearly dividend, r is the required rate of return, and t is the number of years. For Gruber Corp, D is $8.75, r is 0.12, and t is 10.
Using the formula, PV = $8.75 * ((1 - [tex](1 + 0.12)^{-10}[/tex]) / 0.12). This calculation will give the present value of all dividends over the next 10 years, which is equal to the stock's current price, since no dividends are paid after this period.
An economy’s natural rate of unemployment is the
a. economy’s long-run target level of unemployment.
b. amount of unemployment that the economy normally experiences.
c. lowest rate of unemployment the economy can achieve.
Option (B) The natural rate of unemployment represents the baseline level of unemployment in an economy due to frictional and structural reasons, considering all current economic, social, and political factors.
The natural rate of unemployment is a concept within economics that refers to the level of unemployment that exists due to the various frictional and structural factors, including the way the labor market operates in a dynamic economy. It is not the absolute minimum level of unemployment but rather the level expected when the economy is neither in boom nor recession, considering all the current economic, social, and political factors.
This rate includes unemployment due to normal labor market turnover (frictional unemployment), and the mismatch between workers' skills and job requirements (structural unemployment). Contrary to some misconceptions, the natural rate of unemployment is not the target or the best an economy can achieve; instead, it is a baseline for policymakers to understand when considering potential improvements in employment levels.
The natural rate is an indicator of an economy's long-term equilibrium level of unemployment, and understanding it can help in forming effective employment policies and anticipating the effects of economic changes.
A company uses straight line depreciation for an item of equipment that cost $12000, had a salvage value of $2,000 and a five year useful life. After depreciating the asset for three complete years, the salvage value was reduced to $1200 but its total useful life remained the same. Determine the amount of depreciation to be charged against the equipment during each of the remaining years of its useful life.a. 1000b. 1800c. 5400d. 2400e. 2000
Answer:
option (d) 2400
Explanation:
Data provided in the question:
Initial book value = $12,000
Salvage value = $2000
Useful life = 5 years
Thus,
Using the straight line method of depreciation
Annual depreciation = [Cost - Salvage value] ÷ Useful life
= [ $12,000 - $2,000 ] ÷ 5
= $2,000
Accumulated Depreciation for 3 years
= Annual depreciation × Time
= $2,000 × 3
= $6,000
Book value after 3 years = Cost - Accumulated depreciation
= $12,000 - $6,000
= $6,000
Remaining useful life = 2 years
Reduced Salvage value after 3 years = $1,200
Therefore,
Depreciable value of the Asset = Book value - Reduced salvage value
= $6,000 - $1,200
= $4,800
Revised depreciation to be charged every year
= Depreciable value of the Asset ÷ (Remaining useful life)
= $4,800 ÷ 2
= $2,400
Hence,
The correct answer is option (d) 2400
A bank reconciliation should be prepared a. to explain any difference between the company's balance per books with the balance per bank b. by the company's bank c. by the person who is authorized to sign checks d. whenever the bank refuses to lend the company money
Answer:
a.
Explanation:
A bank reconciliation refers to the balancing the company's accounting records (the books) in regards to the cash accounts of that company, with the information from the bank statements that they have. Based on this information, it can be said that A bank reconciliation should be prepared to explain any difference between the depositor's balance per books with the balance per bank. Otherwise these inconsistencies may be considered as fraud.
A bank reconciliation should be prepared to explain any difference between the company's balance per books with the balance per bank.
Explanation:A bank reconciliation should be prepared to explain any difference between the company's balance per books with the balance per bank. The purpose of a bank reconciliation is to ensure that the company's records match the bank's records, taking into account any discrepancies such as outstanding checks or deposits in transit. This process helps to identify errors or fraudulent activity and ensures the accuracy of financial records. Bank reconciliations are typically prepared by the company's accounting or finance department.
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Judy is opening a small business producing high-quality paper products and decided to place a green pine tree on all product boxes and on the sign outside the facilities, to symbolize the business. At this point, the symbol is an example of a:
the symbol is use as the point
Explanation:
Across1) In economics, this is a rivalry that may refer to rivalry among firms, or individuals, or the race to control resources. 2) These are the legal restrictions set forth by a government to produce desired outcomes.
Answer:
1. Competition
2. Regulation
Explanation:
In economics, competition refers to the situation where different firm tries to take control or obtain a share of a limited good by making changes in price, place, product, or promotion.
Competition arises out of scarcity. Every seller is trying to obtain what other sellers want such as, sales, profits, market share.
Regulations can be defined as the restrictions that are imposed by the government to get the desired outputs. These restrictions can be imposed on price or production or wages, for instance, price ceilings, minimum wages, etc.
Rick, a marketing manager for Fix-It Tools, is discouraged with the way his organization markets its products. Currently, Fix-It-Tools utilizes a strategy aimed toward the largest possible number of people. The company also relies heavily on television and online advertising. Rick protests to management that the company is not listening to its customers and is in danger of losing many of them to firms that create a personal dialogue with their buyers.
What is Fix-It currently practicing?
A. a constant change strategy
B. market segmentation
C. relationship marketing
D. mass marketing
The correct answer would be option D, Mass Marketing.
Rick protests to management that the company is not listening to its customers and is in danger of losing many of them to firms that create a personal dialogue with their buyers. Fix it is currently practicing Mass Marketing.
Explanation:
Rick who is the marketing manager of the Fix it Tools is currently utilizing a strategy which is aimed towards the largest possible number of people. This marketing strategy to attract a large number of people through different advertising techniques is called as Mass Marketing.
Mass Marketing helps in attracting and capturing the largest number of people. It is usually done through Televisions. Online advertisement also contribute in mass marketing due to the increased use of social media now a days.
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Fix-It Tools is currently utilizing a mass marketing approach which, while capable of reaching a broad audience, lacks a personal connection with customers that methods like relationship marketing can establish.
Explanation:Rick is expressing a concern about Fix-It Tools' use of a mass marketing approach. Mass marketing is a strategy in which a company decides to ignore market segment differences and appeal the whole market with one offer or one strategy, which lets them broadcast a single message to a large audience. However, the method lacks a personal touch and fails to create a dialogue with individual customers.
Examples of mass marketing include television and online advertising, both of which Fix-It Tools utilizes heavily. As Rick pointed out, this lack of customer communication can be a significant drawback, and companies may lose clients to firms that practice relationship marketing, an approach that involves creating a deep, even personal connection with customers.
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A stadium was fined $186,000 by the city due to the traffic issues that were caused by a stadium's inability to handle traffic flow adequately on game day. The stadium made $432,000 in parking revenue that day. The other parking expenses for that day totaled $163,000. What was the total profit for parking that day?
Answer:
$83000
Explanation:
Given: Stadium is fined for $186000
Other parking expense is $163000
Revenue generated by stadium in parking= $432000.
Now, calculating profit:
Profit= [tex]Revenue - expense[/tex]
Profit= [tex]432000-186000-163000= 432000-349000[/tex]
∴ Profit= $83000
∴ Total profit made for parking that day is $83000.
Answer:
$83,000
Explanation:
Excess capacity
A) allows a facility to be very flexible and to respond to wide swings in the demands placed on it.
B) costs money and therefore can decrease efficiency.
C) requires proximity to customers and the rest of the network.
D) both A and B
E) all of the above
Answer:
A) allows a facility to be very flexible and to respond to wide swings in the demands placed on it.
Explanation:
Excess capacity means when company have potential to process higher amount of product but still produce lower amount of product though the unit is designed work more and efficiently. you can produce more goods and also can sale it at lower prices, so that means it can fulfil demand flexibility.
Ace Refinery desired a workplace free from all forms of sexual harassment. Accordingly, Ace developed guidelines for its workers that specifically forbade sexual harassment. The guidelines gave examples of conduct that would not be tolerated, provided penalties, designated a company official as the proper person to whom complaints should be brought, investigated complaints thoroughly, and maintained an educational policy designed to remind employees of the policy. Maxine, an Ace Refinery employee, made a complaint of sexual harassment, charging that her supervisor had demanded sexual favors. An investigation was performed and the charge was substantiated. The supervisor was warned not to continue this conduct, but it happened again. The supervisor was again issued a warning. Finally, Maxine brought a court action against the supervisor and Ace. Will Maxine win?
a. Yes, the company should have reassigned Maxine to a different department.b. No, she will not win because Maxine should have changed jobs.c. No, she will not win because Ace did all in their power to stop the harassment.d. Yes, the company failed to appropriately discipline the supervisor
Answer:
The answer is Letter D.
Explanation:
Yes, the company failed to appropriately discipline the supervisor. Because sexual harassement in a workplace is a form of discrimination that affects the dignity of women and men. The company is responsible for maintain a health and secure work environment for all the employees, in this case the company didn't provide that.
The company was lenient, and that is the reason why Maxine needed to file a court action against the supervisor and Ace.
According to the Economic Model of CSR, the pursuit of profit will continuously work towards the optimal satisfaction of consumer demand which, in the interpretation of _____ is the optimal social good.
Answer:
utilitarianism
Explanation:
Based on the information provided within the question it can be said that the term that is being mentioned for interpretation is utilitarianism. This term refers to a theory that believes that the best approach is the one who's outcome will bring the most good to the most people. Which According to the Economic Model of CSR, it is pushing towards achieving the most satisfaction of it's consumers when pursuing profits.
A cook went to a market to buy some eggs and paid $12. But since the eggs were quite small, he talked the seller into adding two more eggs, free of charge. As the two eggs were added, the price per dozen went down by a dollar. How many eggs did the cook bring home from the market?
A. 8
B. 12
C. 15
D. 16
E. 18
Answer:
The correct answer is E that is 18 eggs.
Explanation:
Assuming initially eggs be n which he bought
So, the price per dozen = $(12×12/n)
But finally, he bought (n + 2) eggs in the same price that is $12.
So, the new price per dozen = $(12×12/(n + 2))
Therefore,
12×12/n - 12×12/(n + 2) = 1
Taking 12 × 12 common from the above equation:
(12×12)[(n + 2) - n]/[n(n + 2)] = 1
144×2 = n(n + 2)
n(n + 2) = 288
n² +2n - 288 = 0
Now, we can either solve the above quadratic equation as follows,
n² + 2n - 288 = 0
n² + 18n - 16n - 288 = 0
(n + 18)(n - 16) = 0
As n would be positive because eggs cannot be in negative numbers therefore, n = 16
And he bought 2 extra, So
n = 16 + 2
n = 18 eggs
The eggs he bought is 18
Federal budget deficits generally grow during recessions because
Answer:
Because the social expenditure increases
Explanation:
When the economy is in recession, the government revenue brought by taxes decreases. But the demand for welfare, social expenditure increases dramatically (education, health, etc.). Since a Recession is a sign of a stagnant economy.
If the Federal Budget has already been facing a deficit then, generally, this situation will increase its debts.
If 206 people in a sample of 560 people say that they "liked a product" that they purchased during a test market study in Cincinnati, the proportion of people in this study who said that they liked this product was about _____.a.0.40b.0.37c.0.56d.2.71
Answer:
b.0.37
Explanation:
Given
Number of people sampled = 560
Number of people that "liked a product" = 206
Proportion of people in this study who said that they liked this product
= Number of people that "liked a product"/ Number of people sampled
= 206/560
= 0.3679
= 0.37 (to 2 decimal places)
A(n)__________is a branch of decision support systems (DSSs) that gives managers easy access to internal and external data and typically includes drill-down features and a digital dashboard for examining and analyzing information.
(A) group support system
(B) executive information system
(C) electronic meeting system
(D) geographic information system
Answer:
B
Explanation:
An executive information system is a branch of decision support systems (DSSs) that gives managers easy access to internal and external data and typically includes drill-down features and a digital dashboard for examining and analyzing information. Thus, option B is correct.
What is a decision support systems?A framework that helps an organization's decision-making is referred to as a system for the course of action support.
A DSS sorts and examines enormous amounts of data, amassing thorough knowledge that may be applied to problem-solving and judgment.
Executive information systems, a subset of DSSs, are interactive video schemes with "drill-down" capabilities and a visual panel for reviewing and evaluating data. They provide CEOs with simple access to data.
Therefore, option B is the correct option.
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Obie is trying to make an online purchase, but he doesn't have his credit card. He calls his wife, who reads the 16-digit credit card number to him. Unfortunately, Obie cannot remember the number long enough to type it into the computer. This is because:______________.
Answer:
Short-term memory is limited in duration and capacity.
Explanation:
Since short memory is restricted in both limit and length, the maintenance of remembrances requires moving the data from short-term in to long term memory. Practice can likewise assist data with making it into long-term memory. A human capacity is to remember things for a short period of time. Which explains why, Obie forgot the 16 digit code which was just read by her wife.
If, due to a recession, foreign workers begin to leave the United States to search for temporary work in their home countries until the recession has ended, this willA. shift the short-run aggregate supply curve of the home country to the left. B. move the home country's economy down along a stationary short-run aggregate supply curve. C. move the home country's economy up along a stationary short-run aggregate supply curve. D. shift the short-run aggregate supply curve of the home country to the right.
Answer:
The correct answer is option D.
Explanation:
Due to the recession in the US, if the workers from foreign countries go back to their countries until the recession has ended, this will increase the availability of labor for the home country.
As the supply of labor increases, the nominal wages will decline. It will become cheaper for firms to hire more workers. As firms hire more and more workers, they will be able to produce more. So the short-run aggregate supply curve of the home country will move to the right.
Foreign workers leaving the U.S. during a recession causes the SRAS curve to shift to the left, reflecting decreased production capacity due to reduced labor availability.
Explanation:When foreign workers leave the United States during a recession to find work in their home countries, the labor force in the U.S. decreases. Since firms are hiring a lower quantity of labor at any given wage during a recession, the labor demand curve shifts to the left. This change corresponds to a leftward shift in the short-run aggregate supply (SRAS) curve because the total production capacity of the economy declines when there are fewer workers. This shift reflects a reduction in the immediate output capability of the economy without changing the price level, which is a different event than moving along a stationary SRAS curve due to changes in the price level.
The correct answer to the student's question is A. shift the short-run aggregate supply curve of the home country to the left. This happens because the decrease in available labor reduces firms' capacity to produce goods and services. Changes in aggregate demand can lead to cyclical unemployment, which is the variation in unemployment caused by the business cycle, moving from expansion to recession or vice versa. However, a shift in the SRAS curve represents a change in the quantities that suppliers are willing to produce at every price level, not just cyclical unemployment.
When a firm has international operations, choosing the most appropriate structure depends upon the extent of international expansion, the type of strategy, and the degree of product diversity. True or False?
Answer:
True
Explanation:
When a firm has international operations it should choose the most appropriate structure based on the following factors:
extent of international expansion: into how many international regions do we plan to expand our activities. the type of strategy: the have to choose between global, multidomestic or international strategythe degree of product diversity: on how many additional markets will our products compete? regionally or globallyAlthough 1 and 3 may be similar, there can be significant differences. For example, a US company may want to start selling their products in all of South America (regional product diversity), but it will do it by setting a South American office in Brazil only (international expansion is limited to Brazil only).
Final answer:
The statement is true; the most appropriate structure for a firm with international operations is affected by the scale of international expansion, strategy type, and product diversity, alongside other factors such as FDI, production efficiency, and scale economies.
Explanation:
True, when a firm has international operations, the choice of the most appropriate organizational structure is influenced by several key factors: the extent of international expansion, the type of strategy employed, and the degree of product diversity. The complexity of operating across national boundaries requires firms to consider the legal, cultural, and economic environments they are entering. Factors such as foreign direct investment, the need for efficiency in production, and the advantages of scale economies also play critical roles in determining the structure that will best support a firm's international goals.
As Transnational Corporations (TNCs), companies must coordinate a wide array of production networks and adapt to geographical flexibility in sales. This becomes more critical as they enter different markets with varying production and cost conditions. A company's market structure and competitive industry environment are important considerations that influence how businesses adapt to global trade, integrate vertically, and optimize their cost structures through factors like outsourcing and economies of scale. Furthermore, the potential environmental and political impacts of their international operations can affect strategic decisions involving structure and expansion.
When JP saw Helene in the stockroom stuffing her purse with expensive printer cartridges, Helene was quick to say, "We've been friends since first grade, so I'm sure you won't say anything about this." What was Helene using on JP?
A. pressure tactic
B. coalition tactic
C. personal appeal
D. legitimating tactic
E. exchange tactic
Answer:
C. personal appeal
Explanation:
Helene was using a classic personal appeal tactic when pleading JP no to tell on her. She relied on friendship and a personal relationship between them, which is what personal appeal is all about.
It is one of the influence tactics. If this was a pressure tactic, Helene would probably threat JP, which she didn't do in the example.
If it was a coalition tactic, Helene would try to get JP to help her persuade someone else, which is a non-existent aspect here.
Legitimating tactics, on the other hand, base on the authority gained by an individual's organizational position or some established policies.
Exchange tactics always imply some returned favors.
The development group in a company's IS department is staffed primarily by programmers, test engineers, technical writers, and other development personnel. Based on this information, which of the following is most likely to be trueA) The company develops programs in-house.
B) The company uses licensed software.
C) The company has negotiated outsourcing agreements with other companies.
D) The company contracts work to other companies.
Answer:
A) The company develops programs in-house.
Explanation:
Many companies prefer to develop the resources it wants if it is possible. In cases when companies desire so, it has its own research and development team.
When the company has its own personnel for the development of programs, that is consisting test engineers, technical writers, and many other required development personnel, will specify for the company's own programs development.
The company has its own inbuilt capacity to develop the programs in house.
Explain and evaluate the following statements:
a. The invention of money is one of the greatest achievements of humankind, for without it the enrichment that comes from broadening trade would have been impossible
b. Money is whatever society says it is
c. In the United States, the debts of government and commercial banks are used as money
d. People often say they would like to have more money, but what they usually mean is that they would like to have more goods and services
e. When the price of everything goes up, it is not because everything is worth more but because the currency is worth less
f. Any central bank can create money, the trick is to create enough, but not too much, of it.
Answer:
A) This statement refers to the fact that money is great as a medium of exchange, because it is accepted by people, and it's easy to tansport.
B) Money has three functions: as a store of value, as a unit of account, and as means of exchange. When a society thinks that something (be it coins, bills, cigarrettes) has those three functions, it becomes money.
C) The government issues treasure bonds that are bought by the central bank, the money the central bank pays from these bonds enters the market. Commercial banks also borrow from the central bank. These funds they borrow are used to make loans, and put more money in the market.
D) Money has value as long as it is exchanged for goods and services. Even if a person hoards money for a long period of time, that person does so because he or she expects the money to gain value, or because he or she wants to save for the future.
E) This statement is describing what inflation is. Inflation is the rate of price increase in time. When there is more money than goods and services in an economy, money itself loses value and all the prices expressed in monetary value increase.
F) The statement is true. If a central bank creates too much money, it will lead to inflation, or even hyperinflation.
The invention of money has greatly facilitated trade and economic growth. Money's value is determined by societal beliefs. In the United States, government and commercial bank debts are not used as money. People's desire for 'more money' often refers to wanting more goods and services. Rising prices can be a result of inflation or a devaluation of currency. Central banks create and manage money supply to balance economic growth.
Explanation:a. The invention of money has indeed been one of the greatest achievements of humankind. Money serves as a medium of exchange, allowing for the specialization of labor and the expansion of trade. Without money, bartering would be the only means of exchange, which would limit trade and economic growth.
b. The statement that money is whatever society says it is holds true. Money only has value because people believe in it and accept it as a medium of exchange. The value of money is largely determined by the trust and confidence people have in the currency.
c. In the United States, the debts of government and commercial banks, such as Treasury bonds and bank deposits, are not used as money. Instead, the Federal Reserve Bank controls the money supply by creating and regulating the amount of currency in circulation.
d. It is true that when people say they want more money, they usually mean they want more goods and services. Money is simply a means to acquire the things we want and need. It represents purchasing power, but it is the goods and services themselves that hold intrinsic value.
e. When the price of everything goes up, it can be due to multiple factors. It could be a result of increased demand, scarcity of resources, or inflation, which is the devaluation of currency. If the currency loses its value, the prices of goods and services denominated in that currency will appear to go up.
f. Any central bank has the authority to create money, but it must strike a delicate balance. Creating too much money can lead to inflation, decreasing the value of each unit of currency. Creating too little money can stifle economic growth. Central banks use monetary policy tools to manage the money supply.
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According to leading progressive, David C. Korten:A. power on earth was being transferred from national governments to transnational corporations which by their nature serve only the short-term interests of citizens.B. "a few hundred" multinational corporations are making daily business decisions which have more impact than those of most sovereign governments.C. developing nations should set up a stable and enabling regulatory environment that indulges the "concern of the business sector for national policies that are enabling but not overly regulating."D. in seeking return on capital invested, MNCs may build or buy facilities, contract with local suppliers, and hire workers.A. power on earth was being transferred from national governments to transnational corporations which by their nature serve only the short-term interests of citizens.
Answer:
A) power on earth was being transferred from national governments to transnational corporations which by their nature serve only the short-term interests of citizens.
Explanation:
A lot of people believe that multinational corporations are so powerful now that they can control governments, and not only governments from small poor nations, but the US government itself. This is a major belief in all the conspiracy theories about who rules the world. But the fact that many people believe in it doesn't make it true, or hopefully is not true.
Although some actions taken by the government specially in certain industries like the oil industry are a clear indication that maybe multinationals don't own the government completely but they are least able to rent the government for a while. When wars are fought in order to favor certain companies, like both invasions on Iraq, then this idea gains momentum.
An economy is employing 2 units of capital, 5 units of raw materials, and 8 units of labor to produce its total output of 640 units. Each unit of capital costs $10; each unit of raw materials, $4; and each unit of labor, $3. The per-unit cost of production in this economy is _____.
a. $0.10.
b. $0.50.
c. $1.00.
d. $0.05.
Answer: $0.1
Explanation:
Per unit cost of production = Total cost of factors of production / total quantity
Total cost of Labour = $3 × 8 = $24
Total cost of capital = $10 × 2 = $20
Total cost of raw materials = $4 × 5 = $20
Total cost of factors of production = $24 +$20 + $20 = $64
$64 / 640 = $0.1