The correct option is (e) i.e. All of the options are correct. As WMS improve productivity, timeless, space utilization and materials flows.
What is WMS?A warehouse management system (WMS) is a software program that controls supply chain fulfillment activities from the distribution center to the retail shelf and provides visibility into a company's full inventory.
By coordinating and optimizing resource consumption and material movements, warehouse management (WMS) solutions can help businesses make the most of their expenditures in equipment, manpower, and space. WMS systems are specifically created to handle the requirements of a complete global supply chain, including enterprises engaged in distribution, manufacturing, asset-intensive industries, and services. Fulfillment operations must adapt to the changes with a digitally linked solution of their own since the internet and digital technology have changed how consumers make purchases, disrupting supply marketplaces, altering consumer buying patterns, and increasing supply chain complexity.
Warehouse Management System helps us in improving:
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which of the following agreements would require amortization expense? multiple choice question. finance lease note payable serial bond operating lease
The principal is decreased when the cash payment exceeds the interest cost. The bond interest expense is less than the semiannual cash interest payment.
What is payable on a serial bond?An issuance of bonds in which a portion of the total number of bonds is paid off annually is known as a serial bond. The issuer's total outstanding debt will gradually decrease as a result. For instance, $100,000 worth of bonds will mature once every year for ten years on a $1,000,000 serial bond.
How does the amortization of a bond discount affect things?The amortization of discounted bonds always results in an effective interest expense that is greater than the bond interest coupon payment for each period. When a bond is sold at a discount, it indicates that the coupon rate is higher than the market interest rate.
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According to economists, which of the following would explain why the above production possibilities curve is shaped as it is?
I. Society must choose how to use scarce resources.
II. Law of increasing opportunity costs.
III. Resources must be allocated between consumer and capital goods.
a. I only.
b. II only.
c. III only.
d. I and II only.
e. I, II, and III.
The value or advantage forfeited by engaging in a specific activity in comparison to engaging in a different activity is known as the opportunity costs in microeconomic theory.
Simply put, it indicates that by choosing one course of action (such making an investment), you are forgoing the chance to choose an other course of action. The best activity is the one that, after deducting opportunity costs, has the highest return when compared to all other activities. For instance, if you purchase a car and use it just for personal transportation, you are not permitted to rent it out; yet, if you do, you are not permitted to use it for personal transportation. If the price of your own transportation exceeds the amount you
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____ refers to The model developed by the u.s. public health service to explain the lack of public participation in health screening and prevention programs.
The Health Belief Model is the model developed by the US public health service to explain the lack of public participation in health screening and prevention programs.
The Health Belief Model (HBM) is a theoretical model that is used to guide health promotion and disease prevention programs. The Health Belief Model was started in the early 1950s by social scientists in the US Public Health Service in order to analyze the failure of people to adopt disease prevention tactics/strategies or screening tests for the early detection of disease.
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a change in relates to a change in method of accounting for an item, whereas a change in arises from a new calculation due to new information or new experience.
a change in accounting principle relates to a change in method of accounting for an item, whereas a change in accounting estimates arises from a new calculation due to new information or new experience.
Accounting principles are overall rules that administer the techniques for recording and detailing monetary data. At the point when a substance decides to embrace an alternate technique from the one it at present utilizes, it is expected to record and report that adjustment of its fiscal summaries.
A genuine illustration of this is an adjustment of stock valuation
Accountants use gauges in their reports when giving precise numbers is unimaginable or unrealistic. At the point when these evaluations end up being wrong, or new data considers more accurate estimations, the substance ought to keep the superior gauge in an adjustment of accounting estimate. Instances of regularly changed gauges incorporate bad-debt allowance, warranty liability, and depreciation.
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dansal is purchasing several new delivery vehicles. dansal has numerous work responsibilities, so she has limited time to shop for cars. because of the time constraints, she cannot make an extensive search for the best alternative, so she looks for cars until she finds a model that is satisfactory. dansal is following the model.
There isn't much information available for Amanda to work with when making her choice.
The deadline for her purchase puts Amanda under pressure. When making a decision, a person's rationality is limited by their access to information and knowledge, their available time, their capacity for thought, etc. This is known as bounded rationality. According to the scenario described in the question regarding Amanda's constrained rationality when purchasing an automobile, she has little time (one day) and limited knowledge about the vehicle. The fact that she wanted an excellent car and put forth the effort to research it but was pressed for time renders the other possibilities inaccurate. In the satisfying strategy, the person sets an acceptable threshold criterion and continues looking until the component matching the requirement is found. In the scenario at hand, Amanda has created criteria that she can consider satisfactory, and she is looking for an automobile that satisfies those requirements, therefore she is employing the satisfying model.
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Firms that have a cover charge for their customers and charge for each item they purchase as well are exhibiting: a. universal access price discrimination b. declining block price discrimination c. mixed bundling price discrimination d. two part price discrimination e. uniform pricing
Answer:
block price discrimination c. mixed bundling price discrimination d.
Explanation:
suppose the equilibrium price of apples is $4. if the current price of apples is $5, we could most confidently conclude that
When production costs are reduced while also rising equilibrium prices and quantities are the result. As a result, we might draw the conclusion that now the demand for apparel would increase quickly.
What does price mean?or each individual commands a fee. It is rumored that if someone offers them enough money, they can convince anyone to do something immoral or dishonest. There are always some who have, despite the fact that it could be true that now every man has a price. Simple Idioms Dictionary for Learning.
How much does grammar price?The words for price and prize are nouns, respectively. The definition of price is "the sum of money people pay to buy something": A hotel room's cost includes breakfast.
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who share profits and losses in a ratio of 4:3:3, respectively, are partners in a home decorating business that has not been able to generate the income the partners had hoped for. they have decided to liquidate the business and have sold all assets except for their decorating equipment. all partnership liabilities have been settled and all the partners are personally insolvent. the decorating equipment has a book value of $66,000, and the partners have capital account balances as follows: bracken, capital $ 41,250 louden, capital 8,250 menser, capital 16,500 required: determine the amount of cash each partner will receive as a liquidating distribution if the decorating equipment is sold for the amount stated in each of the following independent cases: note: do not round intermediate calculations.
Profit sharing is a system where employees are paid a portion of the net earnings of the firm they work for, according to a predetermined written formula. These payments, which may differ based on salary or compensation, are separate from and in addition to ordinary income.
Calculation:The answer to the above calculation is displayed below: -
a. Bracken Louden Menser
Profit/loss ratio 50% 25% 25%
Capital balances before sale $ 41,250 $8,250 $ 16,500
Loss from sale $16,000
Loss Allocation ($8,000) ($4,000) ($4,000)
Capital balance after sales $32750 $4250 $12300
Distribution of cash $32750 $4250 $12300
b.
Bracken Louden Menser
Capital balance $41,250 $8,250 $16,500
Loss from sale ($66000) ($16,000) ($8,000) ($8,000)
After sales Capital balance $24750 ($250) $7500
capital deficit allocation ($750) 0 ($500)
New capital balance $24000 0 $7000
Distribution cash $24000 0 $7000
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Matthew Co. is determining the cash discount given to customers when they pay within 15 days. Currently, the company uses a 360-day year, and the full amount of a receivable is due within 45 days. Furthermore, it wants the cost of not taking the discount to approximate the 18.27% annual interest rate it pays on its working capital loan.
What is the cash discount rate?
1.5%
1.5% is the cash discount rate. The discount rate is the interest rate used to calculate the future cash flows.
If a customer doesn't use the discount, they are still responsible for the 30-day loan (45 days –15-day discount period). The price of this loan is the cash discount rate.
The business employs 12 30-day intervals, or a 360-day year. 18.27% is the desired annualized rate. Therefore, the 30-day rounded cash discount rate equals 1.5% (18.27% annualised rate divided by 12 30-day periods).
The interest rate that is applied to the projected cash flows of an investment to determine its present value is referred to as the discount rate. It is the rate of return on investment that businesses or investors anticipate. The viability of an investment can be determined by computing the net present value via discounting.
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suppose that coleman co., a u.s. based mnc, is considering exporting its products to sell in a foreign country. however, there is a chance that the citizens of that country are very patriotic and strongly prefer to purchase locally produced products. this is an example of which of the following forms of political risk? war inefficient bureaucracy laws enacted by host government attitude of consumers in the host country
The given example is a form of war that is a political risk. Hence, Option A is correct.
Political risk is the possibility that a country's political unrest or changes could have a negative impact on an investment's results.
A change in the executive, judicial, legislative, or military branches of government could cause instability that would have an impact on investment returns.
An American multinational corporation called Coleman Co. is thinking about exporting its goods to be sold abroad.
However, there is a possibility that the populace of that nation is incredibly patriotic and strongly favours buying goods made there. The example described is a type of politically risky conflict.
Therefore, Option A is correct.
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A corporation issued 100 shares of $100 par value preferred stock for $150 per share. The resulting journal entry would include which of the following?
a credit to common stock
a credit to cash
a debit to paid-in capital in excess of preferred stock
a debit to cash
A corporation issued 100 shares of $100 par value preferred stock for $150 per share. The resulting journal entry would include a debit to cash.
What do stock dividends mean?Regular profit-sharing payments between a corporation and its investors are known as dividends. The price per share, as well as the timing and frequency of dividend payments, are decided by a company's board of directors. A source of income, which can be particularly important during periods of inflation, can be provided by dividend stocks.
If dividends are paid, the corporation will announce the amount and pay all stockholders who owned the shares as of the ex-date on the next payment date. Investors who receive dividends have the option of keeping the money in cash or reinvesting it to buy more shares.
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Base Electronics owes $1,200 for federal income tax incurred which has been recorded as a liability.
The journal entry to pay the $1,200 owed would be:
The journal entry to pay the $1,200 owed would be:
Debit: Income Tax Payable $1,200
Credit: Cash $1,200
What is a journal entry?A journal entry is used to record a business transaction in a company's accounting records. Typically, a journal entry is recorded in the general ledger.
The journal entry that Base Electronics need to record for $1,200 federal income tax incurred which has been recorded as a liability will include debiting the Income Tax Payable account as it is a liability and crediting the cash account, as it is a real account and needs to be credited when cash goes out of the business.
Therefore, the Income tax payable will be debited and cash to be credited for the journal entry to pay the $1,200 owed.
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stock a in your portfolio has a beta of 1.14 and an expected return of 16.70%. the expected return on the market (rm) is 17.50% and the risk free rate is 3.50%. your colleague tells you that based on this information stock a is underpriced (i.e., undervalued by the market).
The value of the expected return according to CAPM model is 19.46% and stock is overvalued.
The CAPM model allows an individual to determine the accurate rate of return for the stock the individual has purchased. It takes into account all the factors and the risks of the market. According to the CAPM model the expected return is expressed as the formula
R = Rₐ + (Rₙ - Rₐ)β
where R is the expected return, Rₐ is the risk free rate, Rₙ is the expected return on market and β is the beta of investment. now, on putting the values we get
R = 3.50% + (17.50% - 3.50%)1.14
R = 3.50% + 15.96%
R = 19.46%
Since the CAPM expected return is 19.46% and expected return given in question is 16.70% so the stock is overvalued.
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On January 1, 2017, Crane Company, a calendar-year company, issued $2440000 of notes payable, of which $610000 is due on January 1 for each of the next four years. The proper balance sheet presentation on December 31, 2017, is:
a. Current liabilities, $610000; Long-term Debt, $1220000.
b. Current liabilities, $2440000.
c. Long-term debt, $2440000.
d. Current liabilities, $610000; Long-term Debt, $1830000.
If On January 1, 2017, Crane Company, a calendar-year company, issued $2440000 of notes payable. The proper balance sheet presentation on December 31, 2017, is: d. Current liabilities, $610000; Long-term Debt, $1830000.
What is balance sheet?Balance sheet can be defined as a financial statement that help to show the financial position of a company and balance sheet often includes the following:
AssetsLiabilitiesShareholder equityGiven data:
Notes issued = $2,440,000
Payable notes = $610,000
Now let prepare the proper balance sheet presentation on 31 December
Current liabilities
Payable note $610000
Long-term Debt $1830000
( $2,440,000 - $610,000)
Therefore the correct option is D.
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ncome Statement for a Manufacturing Company Two items are omitted from each of the following three lists of cost of goods sold data from a manufacturing company income statement. Determine the amounts of the missing items, identifying them by letter. Finished goods inventory, June 1 $116,600 $38,880 (e) Cost of goods manufactured 825,900 (c) 180,000 Cost of finished goods available for sale (a) $540,000 $1,100,000 Finished goods inventory, June 30 130,000 70,000 (f) Cost of goods sold (b) (d) $945,000 a. $ b. $ c. $ d. $ e. $ f. $
$540,000 $1,100,000 Finished goods inventory, June 30 130,000 70,000.
stock (American English) or stock (British English) refers to the goods and materials that a enterprise holds for the last purpose of resale, production or utilisation. stock management is a area in the main about specifying the shape and site of stocked items. it's far required at distinct locations inside a facility or inside many places of a deliver network to precede the everyday and planned path of manufacturing and inventory of substances. The concept of stock, inventory or work in procedure (or paintings in progress) has been prolonged from production systems to carrier businesses.
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Juan Rubio is the manager of the production department of Finch Corporation Finch incurred the following costs during Year 2: Production department supplies Administrative salaries Production wages Materials used Depreciation on manufacturing equipment Corporate-level rental expense Property taxes Sales salaries $ 5,900 391, eee 589, eee 532,280 353,6ee 239, eee 77,600 298,888 ET Required Prepare a list of expenditures that Mr. Rublo controls Controllable Items Amount Total
The Income and Expenditure Account is a summary of all items of incomes and expenses which relate to the ongoing accounting year.
The name of this institution is mentioned at the top, followed by its heading of Income and Expenditure account. The financial year for which this account has been created must be mentioned too. Typically, these have 4 columns with 2 on the left for expenditure, while those on its right for income. The first column contains expenditure details while the following column notes these expense amounts. The third column lists every income along with its following column mentioning income amounts .These second and fourth columns mention total expenditure and income in a financial year. As the above mentioned sum is incomplete ,the clearer alternative is attached.
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What Is Laissez-Faire Economic Theory?
Laissez-Faire economic theory is the theory that establishes individual freedom through non-intervention among governmental entities in the economic affairs of the country.
What is the importance of the Laissez-Faire theory?The economic theory of Laissez-Faire is of utmost importance because it helps to establish that countries achieve absolute freedom in the economy, in addition it establishes that a market without obstacles can be obtained.
That is why it is said that this theory defends individual freedom which is important in the economic and financial affairs of a country, this theory states the following: ''let do, let pass, the world goes by itself''.
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lower-level managers are empowered to make decisions in a ______ organization, which can ________ motivation and job satisfaction.
lower-level managers are empowered to make decisions in a decentralized organization, which can increase motivation and job satisfaction.
What is decentralized organization?A decentralized organization can be defined as the type of organization that makes it possible for both mid-level manager as well as lower-level managers to make decision .
In this decentralized organization allowing the lower -level manger to make decision can tend to help increase motivation as well as job satisfaction as the lower -level manger will often have the best interest of the company on mind and it will as well help to increase their performance.
Therefore the statement that fill in the gap is decentralized, increase.
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interacting with delinquent peers greatly increases an adolescent's risk of multiple choice question. becoming delinquent. having a large social circle. peer acceptance. bullying victimization.
The correct answer is (a) becoming delinquent.
What is juvenile delinquent?The act of engaging in illegal action while a minor or someone under the legal age of majority is known as juvenile delinquency.
A juvenile delinquent in the United States of America is a criminal who is under a certain age.
The majority of states define a juvenile offender as someone under the age of 18, while a handful have set the maximum age slightly differently.
Under-17-year-olds are still considered juvenile offenders in Georgia, Texas, and Wisconsin.
While some US jurisdictions have raised the legal drinking age, Japan has decreased it from under 20 to under 18. It changed on April 1st, 2022.
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The likelihood of youngsters becoming wayward increases considerably when they interact with those other offenders.
What is meant by "sick bill"?The day following a late fee, a debt is regarded as past due. As payments are past late, borrowers may impose extra fees and penalties. You can purchase money within a grace period and complete the payment process without being penalized. Your credit score is lowered by delinquent debt, making it harder and more expensive to borrow money in the future.
How does a robber behave?A living animal or object that is malfunctioning in some way. For instance, a renter who is severely behind on payments or a business that is having problems repaying loans. an ordinary individual involved in illegal activity.
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Ben is a director of Creation Corporation, an architectural firm. Without informing Creation, Ben goes into business with Design, Inc., a Creation competitor. Ben is liable for breach of a. the duty of care. b. none of the choices. c. the duty of loyalty. d. the business judgment rule.
Ben is a director of the architecture firm Creation Corporation. Ben enters a commercial partnership with Design, Inc., a rival of Creation, without telling them. Ben is responsible for breaking the loyalty obligation.
A director has a duty of loyalty to act in the organization's best interests at all times. One of the two fundamental fiduciary obligations that directors of a company must fulfill is the duty of loyalty. The other is the duty of care.
A director is required under the duty of loyalty to always act in the best interests of the firm. It also imposes the duty to avoid potential conflicts of interest, prohibiting a director from engaging in self-dealing or exploiting a company opportunity for private gain.
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typical examples of assets leased as a finance lease include all of the following except: multiple choice question. delivery truck store building office supplies rail cars
At the end of the lease term, ownership of the asset is transferred to the lessee in a finance lease agreement. In contrast, in an operating lease agreement, the leasing company retains ownership of the asset throughout and after the lease term. One advantage of a finance lease is the ability to make payments as you see fit.
A finance lease is what kind of asset?Leases that are referred to as "finance" are regarded as assets on a company's balance sheet and accounted for as debt in the finances of the lessor. As a result, they lose value over time and accrue interest.
When does a lease become a finance lease?There is no requirement for a guarantee of residual value, no purchase option, and no transfer of ownership at the end of the lease term. Under the new standard, the lease agreement is categorized as a finance lease because it covers the underlying asset's entire five-year life.
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To properly evaluate the statement of cash flows, it is important to evaluate _____________.
the pattern of the three sections, not just the change in cash during the period
To properly evaluate the statement of cash flows, it is important to evaluate pattern of three sections, not just change in cash during the period.
What is a cash flow?A cash flow is a real or imagined transfer of money. When a payment is made, especially when it is transferred from one central bank account to another, it is regarded as a cash flow in the strictest meaning. Typically, payments that are expected to happen in the future but are uncertain and need to be forecasted are referred to as cash flows. The change in cash balance during a period—typically a quarter, half-year, or a full year—is equivalent to a company's (total) net cash flow for that period. The cash balance is positive if it increases (more cash becomes accessible); it is negative if it decreases. The sum of the aforementioned three components will represent a project's cash flow.
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given the following 5 alternatives with varying costs and rates of return, identify the order (or sequence) in which pair-wise comparisons should be done. assume the marr is 4.00 %.
A hurdle rate, which is additionally recognised as the minimal desirable fee of return (MARR), is the minimum required charge of return or goal price that investors are awaiting to receive on an investment.
What is MARR economy?A minimum acceptable price of return (MARR), or what's extra informally recognized as a hurdle rate, is a metric for evaluating plausible investments. The hurdle charge helps decide the least amount a proposed funding can earn and nevertheless be top-quality to alternatives.
Generally speaking, it wouldn't be smart to make investments in an activity with an IRR of 8% when there is another pastime that is acknowledged to return 16%. An organization's minimum appealing charge of return (MARR) is just that, the lowest interior fee of return the company would reflect onconsideration on to be a right investment.
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https://brainly.com/question/27950459#SPJ4let x be the random variable assigned to the time a customer spends waiting in line at the store. x is a discrete random variable.
True. Discrete random variables take on a limited number of values. For instance, the result of moving a kick to the bucket is a discrete irregular variable, as it can arrive at one of six potential numbers. Nonstop irregular factors, then again, can take on any worth in a given span.
What are Discrete random variables?A constant irregular variable is an arbitrary variable that has just consistent qualities. Persistent qualities are uncountable and are connected with genuine numbers. Instances of ceaseless irregular factors. The time it takes to finish a test briefly test Potential qualities = all genuine numbers on the span [0,60].
A discrete variable is a variable whose worth is gotten by counting. Models: number of understudies present. a number of red marbles in a container. The number of heads while flipping three coins. understudies' grade level.
Discrete random variables take on a limited number of values. For instance, the result of moving a kick to the bucket is a discrete irregular variable, as it can arrive at one of six potential numbers. Nonstop irregular factors, then again, can take on any worth in a given span.
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Let X be the random variable assigned to the time a customer spends waiting in line at the store. X is a discrete random variable.
a) True
b) False
manages her employees by carefully monitoring their service to customers, comparing what they do to meet customer expectations and time constraints. rose can best be described as a leader.
In this case Rose can be defined as task-oriented leader as she manages her employees by carefully monitoring their services to customers, comcomparing what they do to meet customer expectations and time constraints.
Who is a leader?A business leader is someone who inspires a team to work together toward a single objective. This can be a powerful individual, such as the vice president or chief executive officer of a sizable corporation, or the publisher of a newspaper.
Good qualities of a leader-
Self-awareness, credibility, relationship-building, a bias for action, humility, empowerment of others, authenticity, presenting themselves as constant and consistent, becoming role models, and being completely present are all qualities of successful leaders.
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the variance of a portfolio's expected return is generally a weighted average of the variances of the assets in the portfolio. True or False ?
False, the variance of a portfolio's expected return is not generally a weighted average of the variances of the assets in the portfolio.
What is variance ?In probability theory and statistics, the variance is the expected squared deviation of a random variable from its population or sample mean. Variance is a measure of spread. H.This is a measure of how far a set of numbers are from the mean.The term variance refers to a statistical measure of the spread between numbers in a data set. More specifically, variance measures how far each number in the set is from the mean (mean), that is, how far it is from all other numbers in the set.A change in the norm is called a deviation.This indicates a difference or deviation from expectations or normality. An example is his July snow, a US weather anomaly, even in Minnesota.To learn more about variance from the given link :
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government can encourage growth an in the long run raise the economys standarcx of living by encouraging? a. Population growth b. Consumption C. Saving and investment d. spending
In the long run, increasing worker productivity is the only way to boost living standards.
How does the government encourage growth in the economy?
In times of economic stagnation or recession, demand-side strategies are crucial. Supply-side measures are important for enhancing long-term productivity development. Demand-side measures are intended to boost overall demand (AD). This must be carried out amid an economic downturn or a stretch of below-trend growth. Demand-side strategies can help boost economic growth if there is excess capacity (a negative output gap). However, a further increase in AD will primarily result in inflation if the economy is already operating at or near capacity (trend rate of growth). The Y1 economy in this instance has extra capacity. Consequently, a rise in AD causes a rise in real GDP.
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An arrangement in which a REIT collects a stream of rents from a building owner, then makes a lower, and sometimes fixed, payment to the landowner is a:Multiple Choicerenewal option.REIT spreading.spread investing.
An arrangement in which a REIT collects a stream of rents from a building owner, then makes a lower, and sometimes fixed, payment to the landowner is a spread investment.
Real estate investment trusts (REITs) permit people to put resources into enormous, high return properties. A REIT is an organization that possesses and regularly works pay creating land or related resources.
REITs produce pay from contracts that structure the premise of property improvement, or rental pay after the property is created. REITs turn out stable revenue to their investors and, on account of long haul possessions, give development that mirrors the rising worth of the properties they own.
Most REITs' plans of action are straight forward. A REIT leases space, gathers rents on land, and disperses the pay as profits to its investors. Contract REITs finance land instead of possessing it. These REITs procure pay from revenue on their ventures. An arrangement in which a REIT collects a stream of rents from a building owner, then makes a lower, and sometimes fixed, payment to the landowner is a spread investment.
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Many economists worry about the Federal Reserve overstimulating the economy because such overstimulation will lead to rising: A) unemployment. B) inflation. C) output growth. D) Solow growth.
Many analysts are concerned that the Federal Reserve would overstimulate the economy, which will result in rising: Solow growth.
What occurs when your body is overstimulated?
Overstimulated individuals may suffer from severe mental distress or even physical discomfort. Extreme irritation, anxiety, or fear may be present. Some people may scream or have tantrums to express how uncomfortable they are. They might even act violently.
How can you decompress after being overstimulated?
Your body can absorb more oxygen by taking deep breaths, which can help you relax and lower your pulse rate. It also helps to direct your attention away from the source of your tension or anxiety and toward something else. Do this: Close your eyes, lean forward, and inhale deeply.
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one person's use of common resources does not reduce the enjoyment other people receive from the resource. One possible solution to the problem of protecting a common resource is to ___
a) Common resources are rival goods because when one person uses a common resource, it reduces the enjoyment of others. A modern example is an environmental degradation. Hence the answer is False
Common resources are products, mostly food items, that are rival in nature while being consumed by consumers but are not excusable at the same time. These are commonly referred to as owned resources or inputs.
However, we can only use these resources efficiently if the marginal social cost equals the marginal social benefit. When people are not charged for using common resources, they tend to use them excessively. This is analogous to a negative externality.
b) One possible solution to the problem of protecting a common resource is to transform that resource into a private good.
Converting that common resource to private good will restricts free access to everyone, thereby preventing the overuse of that resource. Regulating consumption and use, or legally excluding certain individuals, can help reduce overconsumption, and government investment in resource conservation and renewal can help prevent depletion.
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The complete question is:
a) One person's use of common resources does not reduce the enjoyment other people receive from the resource. True or False?
b) One possible solution to the problem of protecting a common resource is to _______.
