Gary is unsure whether his boss wants memos written in a specific format, so he asks a fellow employee for clarification. Gary is engaging in Active information-seeking tactics.
The three classifications of commercial enterprise consist of primary area, secondary quarter, and tertiary zone commercial enterprise. explanation entails presenting again to the speaker the importance that means, as understood by the listener, of what they have simply said. Thereby checking that the listener's expertise is accurate and resolving any areas of misunderstanding or false impression.
The 4 main sorts consist of upward conversation, downward verbal exchange, lateral conversation, and outside conversation. The upward, downward, and lateral verbal exchange sorts consult with inner commercial enterprise verbal exchange or facts exchanged inside a corporation. classification is needed for a convenient look at living organisms. it's miles vital for understanding the exclusive sorts of organisms. It enables the correct identity of numerous organisms. It helps to realize the origin and evolution of organisms.
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Which of the following is most typical of a command economy?
A) Consumers have choices of many substitutes for any given product.
B) Quality of products and services tends to be consistent.
C) The prices of goods and services frequently change.
D) Many products are usually in short supply.
(D) Many products are usually in short supply is one of the following is most typical of a command economy.
Describe the command economy.A command economy is an economic system where the production and distribution of products and services are planned and managed by a central authority, such as the government. This form of economy is typically linked to nations with socialist or communist governments.
The nations that practice command economies essentially have authoritarian economic frameworks in which political or social hierarchies are completely in charge of making decisions regarding the economy.
Everyone, from large participants in the economy to individual workers, must abide by these decisions that are put into effect by the nation's authorities.
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abbott and costello labs donated drugs to epsilon hospital, a nonprofit entity, in january. if epsilon had purchased the drugs, it would have paid $600,000. during the year, epsilon used all the drugs in providing services to patients. how should epsilon report the donation in its financial statements for the year ended december 31? select one: a. report $600,000 as a reduction of operating expenses b. report $600,000 as other revenues (or gains) c. report the donation in a note to its financial statements d. report nothing
Epsilon report the donation in its financial statements Report $600,000 as other revenues (or gains).
In hospital accounting, what are restricted funds?
Money that a donor has designated can only be used for a certain purpose is contained in a restricted fund. If funds are temporarily limited, any surplus can become unrestricted after the goal has been achieved. If funds are permanently limited, they must be kept intact in the form of an endowment, which is typically preserved forever, and only the interest on the endowment's investments may be used to further the goal.
Any gifts given and designated by the giver for a particular use are considered restricted money. Donors are legally entitled to place restrictions on the donations they make to organizations (usually NGOs) and demand that their gifts only be utilized for a small number of very particular objectives.
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Which of the following is the best example of a well stated strategic objective?
a. Be among the top 5 companies in the industry with the highest market share
b.within 2 yeas achieve cost per unit sold that are 10% below the current industry average of $4.75 per unit
c.increase profits by more than the industry average
d.identify as many as 150 potential new foriegn suppliers within 12 months
e.Improve employee job satisfaction by 5% within 12 months
Option B is correct. The best example of a well stated strategic objective is to within 2 yeas achieve cost per unit sold that are 10% below the current industry average of $4.75 per unit
A company strategy represents managerial commitment to undertake one set of actions rather than another in an effort to compete successfully and achieve good performance outcomes. A winning strategy is one that assists the organization with accomplishing a supportable upper hand, brings about better organization execution, and fits what is happening.
A company's strategy evolves from one version to the next as managers leave out of date or ineffectual system components, settle upon a bunch of proactive technique components, and afterward as new conditions unfurl make versatile key changes, which lead to receptive procedure components.
A company that pursues and achieves strategic objectives is habitually better ready to work on its future monetary execution (in light of the more grounded market standing and more noteworthy cutthroat imperativeness that stream from the accomplishment of very much picked vital targets.
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which of the following would not improve the performance of a breakdown program? multiple choice more trained personnel reducing inventories of spare parts standby equipment cross-training repair personnel short lead times for replacement parts
repair personnel short lead times for replacement parts would not improve the performance of a breakdown program
The pleasant way to minimize breakdown maintenance is to use a CMMS. A CMMS permits you to music the upkeep history for each of your assets.
By gathering information on protection operations, you can then predict an asset's life cycle to a excessive degree of accuracy and thereby keep away from letting belongings run to failure.
Which type of protection is required to keep away from breakdown?Condition-based Maintenance: This method focuses on solely a part of the machinery showing signs and symptoms of failure. The concept is to keep away from a breakdown and undertake corrective preservation before the practical breakdown.
There are three main kinds of preventive maintenance: Time, usage, and condition-based triggers. A variant of these kinds of preventive protection have to ideally be scheduled and performed on all gear objects to forestall unplanned failure.
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https://brainly.com/question/23545233#SPJ4n 2024, holyoak incorporated offers a coupon for $20 off qualifying purchases of its new line of products. holyoak sold 10,000 of these products during the year. by year-end of 2024, 7,100 coupons had been redeemed and the $20 reduction of purchase price provided to customers. holyoak's historical experience with such coupons indicates that 85% of customers use the coupon. holyoak recognizes coupon expense in the period coupons are issued. what is the coupon promotion liability that holyoak should report in its december 31, 2024, balance sheet?
The coupon promotion liability that holyoak should report in its December 31, 2024 balance sheet would be the total value of the coupons issued, which is $140,000 ($20 x 10,000).
This amount should be reported as a liability on the balance sheet, as this represents the future obligation of holyoak to compensate customers who have used their coupons.
The actual amount of expense that holyoak should recognize in the period the coupons were issued is the expected redemption amount, which is $8,850 ($20 x 7,100 x 85%).
This amount should be reported as an expense on the income statement, as this represents the amount of the coupon promotion that holyoak expects to pay out in the period the coupons were issued.
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when a company expands by developing its own products rather than acquiring a competitor, the company is likely to be accused of reducing competition. true false
False, when a company expands by developing its own products rather than acquiring a competitor, is not an example of reducing competition.
Competition is a condition in a market when businesses or sellers compete with one another for customers' business in an effort to attain a certain business goal, such as earnings, sales, and/or market share. In this context, rivalry and competition are frequently used interchangeably.
Addressing the demands of your common target audience more effectively than your competitors can be one approach to outperform them. To learn precisely what your customers want when utilizing your goods or services, pose open-ended queries.
By ingeniously creating tales centered around your products, storytelling is a fantastic way to develop your niche. You can become a part of your prospect's lifestyle through the use of stories rather than just being a stand-alone product or service.
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Which of the following is not part of the definition of GDP? A)
Measured for a given year < is wrong
B)
The production of all finished goods and services < is a wrong as well.
C)
Including government transfer payments
D Adjusted for changes in inventory
(A) "Measured for a certain year" is not part of the definition of GDP.
What is GDP?GDP is the measure of the given fiscal year.
GDP is made up of goods and services produced for the factor of customers as well as certain nonmarket output, such as defense or education programs offered by the government.
A different definition that takes into consideration total national output is the gross national product, or GNP.
GDP is frequently used as a benchmark for cross-national comparisons and as a general indicator of economic development.
The "world's most powerful statistical indicator of national development and progress," as the saying goes.
The growth imperative, however, is frequently criticized because crucial externalities like resource extraction, environmental damage, and unpaid domestic work are not included in GDP statistics, which were never intended to evaluate progress.
Therefore, (A) "measured for a certain year" is not part of the definition of GDP.
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The difference between a gross material requirement plan (gross MRP) and a net material requirements plan (net MRP) is:
a) the gross MRP may not be computerized, but the net MRP must be computerized.
b) the gross MRP includes consideration of the inventory on hand, whereas the net MRP doesn’t include the inventory consideration.
c) the net MRP includes consideration of the inventory on hand, whereas the gross MRP doesn’t include the inventory consideration.
d) the gross MRP doesn’t take taxes into account, whereas the net MRP includes the tax considerations.
e) the net MRP is only an estimate, whereas the gross MRP is used for actual production scheduling.
The gross MRP takes into account the stock on hand, while the net MRP it doesn't. The gross Production planning may or may not computerized, however the net Supplier must be.
What exactly is a material requirements plan?
A gross manufacturing resources plan (GMRP) is a schedule which shows the total requirement for an item (before deducting on-hand stock and timetabled receipts) as well as (1) when it needs to be ordered from providers.
What exactly is a net manufacturing resources plan?
Net prerequisites It refers to the amount that requires actual supply chain after assigning the needed amount of object to stock and published orders, and it is obtained by calculating MRP's Calculating Net Prerequisites, which are then passed on to the lot prescribed particulars.
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The supply chain is __________________.
EVERFI; Transportation Central
The supply chain is the combination of all the things involved in the creation and sale of a product.
What is a Supply Chain?Supply Chain is a business term that is used to describe all the activities including the people, organizations, resources, activities, and technology from the delivery of raw materials from the supplier to the manufacturer through its process and to its final delivery to the end user.
Supply Chain is an essential part of business activities, as it involves the means of getting the products delivered to the final consumers.
Various types of Supply Chain are the following:The Continuous Model.The Fast Model.The Efficient Model.The Agile Model.The Custom-Configured Model.The Flexible Model.Hence, in this case, it is concluded that the correct answer is that Supply Chain involves various processes and personnel.
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diemans corp. has provided a part of its budget for the 2nd quarter: apr may june cash collections $40,000 $45,000 $52,000 cash payments: purchases of inventory 4,500 7,200 4,500 operating expenses 7,900 5,600 9,000 capital expenditures 0 20,000 4,600 the cash balance on april 1 is $12,000. assume that there will be no financing transactions or costs during the quarter. calculate the cash balance at the end of april. a) $50,000 b) $40,200 c) $39,600 d) $51,800
The cash balance at the end of April is (c) 39600.
Cash balance at the end of april will be $39600.
Closing Balance at the end of april= Opening balance at the beginning of April + Cash collections during April - Cash payments in April.
Closing balance at the end of April= $12000 + $40000- $4500+ $7900
= $39600
Closing balance- The closing balance in accounting refers to the amount of funds available to a business at the end of a specified accounting period, and it is calculated by subtracting credits and debits as they appear in the general ledger.
The Closing Balance is the cash balance at the end of the month (last day of month). The following equation is used to calculate the Closing Balance: Closing Balance = Opening Balance plus Total Income minus Total Expenditure.
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Required information The following information applies to the questions displayed below] Widmer watercraft's predetermined overhead rate for the year 2017 is 200% of direct labor. Information on the company's production activities during May 2017 follows. a. Purchased raw materials on credit, $240,000. b. Materials requisitions record use of the following materials for the month. Job 136 Job 137 Job 138 Job 139 Job 140 s 48,8e8 33,0e0 19,280 23,28e 6.600 136,000 21,580 s 151,see Indirect Total Paid $15,500 cash to a computer consultant to reprogram factory equipment. d. Time tickets record use of the following labor for the month. These wages were paid in cash. Job 136 3ob 137 Job 138 Job 139 Job 148 s 12,eee 10,788 38,108 39,280 Indirect labor Total 27,eee S 130,480 Total materials used 151,58e c. Paid $15,500 cash to a computer consultant to reprogram factory equipment. d. Time tickets record use of the following labor for the month. These wages were paid in cash ob 136 Job 137 Job 138 Job 139 Job 148 Total direct labor Indirect labor Total $ 12,80e 10, 700 38,100 39,280 3,480 103,400 27,800 S 138,400 e. Applied overhead to Jobs 136, 138, and 139. f. Transferred Jobs 136, 138, and 139 to Finished Goods g. Sold Jobs 136 and 138 on credit at a total price of $535,000 h. The company incurred the following overhead costs during the month (credit Prepaid Insuranice for expired factory insurance). Depreciation of factory building Depreciation of factory Expired factory insurance $ 69,eee 38,e00 12,0ee 35, se0 equipment i. Applied overhead at month-end to the Work in Process Inventory account (Jobs 137 and 140) using the predeterminied overhead rate of 200% of direct labor cost Depreciation of factory building Depreciation of factory equipment Expired factory insurance $ 69,000 38,088 12,000 35, see i. Applied overhead at month-end to the Work in Process Inventory account (Jobs 137 and 140) using the predetermined of 3 overhead rte of 200% of direct labor cost 4. Prepare a report showing the total cost of each job in process and prove that the sum of their costs equals the Work in Process and Cost of Goods Sold
Economic features refer to actions taken in connection with the manufacture, sale, and consumption of commodities and services.
What exactly does "production" mean?Making something out of parts or raw materials is the act of producing something. To look at it another way, production uses inputs to produce a finished good or item that is valuable only to a specific customer or client.
What are examples and production?In its simplest form, it simply refers to a production procedure or its outcome. Producing companies are referred to as producers by economists. These businesses produce goods to market to consumers. For instance, a garment business makes apparel for customers.
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if a company does not risk-adjust its discount rate for projects properly, what is likely to occur over time? the firm's overall risk level will increase. the firm could potentially reject projects that provide a higher rate of the company than it should require.
The firm's overall risk level will increase. The firm could potentially reject projects that provide a higher rate of the company than it should require.
How does the discount rate change with risk?The riskier project has a greater discount rate, which raises the present-value calculation's denominator and lowers the present value calculation because the riskier project should have a higher profit margin.
What is the discount rate, and how is it affected by the risk of an investment?The rate of return used to reduce future cash flows to their present value is known as a discount rate in corporate finance. This rate is frequently a company's Weighted Average Cost of Capital (WACC), needed rate of return, or the threshold rate that investors expect to reach in relation to the risk of the investment.
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Which of the following is NOT an example of marketing?
a.Billboard display for a law firm
b.Product line display at a trade show
c.Press release for a company-sponsored charity event
d.Television commercial to sell a new product
B) Display of a product line at a trade show.
What makes a good display for a trade show?Open Space Your exhibit, business, and brand will stand out from the crowd if your space is open and inviting. A great way to attract potential customers is to remove obstacles that prevent people from entering or leaving the establishment. You want visitors to have the freedom to enter and exit the exhibit.
How does a product display work?A custom fixture in your store called a product display is used to entice and attract customers. The visual merchandising strategy you use for your brand is a big part of how the fixture looks.
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the manager can invest in an additional project that would require $50,000 investment in additional assets and would generate $9,000 of additional income. the company's minimum rate of return is 15%. what is the residual income for the stock division without the additional investment?
The residual income for the stock division without the additional investment is the amount of income that is left over after all expenses (including the cost of the assets) are subtracted from the revenues. In this case, the residual income would be calculated as follows:
Revenues - Expenses (including cost of assets) = Residual Income
Revenues: $9,000
Expenses (including cost of assets): $50,000
Residual Income: -$41,000
Since the company's minimum rate of return is 15%, the residual income is not sufficient to justify the additional investment.
Residual income refers to the money you have after you've taken care of ongoing expenses like your mortgage, credit card bills, utilities, groceries and car payments. This extra money can go toward things like investments, debt payoffs, savings or even a vacation fund.
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which of the following statements regarding cost-oriented approaches is most accurate? group of answer choices d. experience curve pricing is simple to use because costs predictably decrease by 25 percent with each doubling of production. e. cost-oriented approaches are a subcategory of competition-oriented methods. a. these methods focus on the demand side of the pricing problem. c. target return on investment is an example of a cost-oriented method. b. these methods focus on production and marketing expenses.
These methods focus on the supply side of the pricing problem and involve considerations of production and marketing expenses.
Because in the cost-based approaches, cost is set by taking a gander at the creation and marketing costs and afterward adding enough to cover direct costs, overhead, and benefit.
Pricing is a process of fixing the value that a manufacturer will receive in the exchange of services and goods. Pricing method is exercised to adjust the cost of the producer's offerings suitable to both the manufacturer and the customer.
Residing costs are prices necessary for basic each day dwelling and keeping desirable fitness. They encompass the principle classes of housing, meals, apparel, healthcare, and transportation. know-how what is worried in each of these regions will help you to price range for them
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which of the following best describes how the revenue associated with an expenditure-driven grant will be recognized for either a public or a private, nonprofit college or university? select one: a. revenue will be recognized as expenditures are incurred for the grant's purpose. b. revenue will be recognized in equal installments over the grant period. c. revenue will be recognized with the grant award notification. d. revenue will be recognized at the end of the grant award period.
Revenue will be recorded as costs are incurred to fulfil the grant's objectives.
The modified accrual basis is used to account for the general fund. Revenues are recognised in accordance with accounting principles during the period in which they are subject to accrual (measurable and available).
Which types of costs are included in debt service funds?
The Debt Service Fund is offered to cover the receipts, other sources of funding, other uses of finance, and associated costs for long-term debt. Accounting for bond principal, interest, and other debt-related costs is part of this.
An enterprise fund is a public service provided by the government that is partially or entirely funded by fees imposed on consumers.
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the document that publicly discloses relevant financial data for a firm issuing securities and all provisions applicable to the security is a . a.sec preferred disclosure form b.1040 disclosure form c.shelf-registration d.prospectus e.primary statement
A(n) prospectus discloses relevant financial data on a firm issuing securities, and the provisions applicable to the security.
Financial data manner any economic and marketplace facts, rate charges, information, analyst reviews, research reports, signals, graphs or any other statistics or statistics by any means available thru the buying and selling Platform.
Financial statements are formal information of the financial sports and function of a business, individual, or other entity. applicable economic facts is provided in a dependent way and in a form which is straightforward to recognize.
Financial data is an essential part of enterprise. economic data covers a large range of records that may help to determine a company's fitness and financial overall performance. monetary facts includes such facts as property, liabilities, equity, prices, profits, and cash float.
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maggie had $24 to spend on seven pencils. after buying them, she had $10. how much did each pencil cost?
Each pencil cost $2.40, since Maggie had $24 to spend and she needed to buy 7 pencils.
What is spend?
Time and money are used when they are spent. You're likely to spend money at the mall if you devote a lot of time there. Spending time on a specific activity or staying put for a considerable amount of time are both appropriate uses of the verb: "He went on to spend decades in India." Spending money is a form of exchange, such as when you spend $5 on a water bottle at the airport or use your savings to take a trip all over the world. To weigh out money is the meaning of the Latin verb expendere.
$24 divided by 7 pencils is $3.43, but since she had $10 left after buying the pencils, that means each pencil cost $2.40 ($24 - $10 = $14, $14 divided by 7 pencils = $2.40).
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which of the following statements is (are) true? (a)the market share variance is more controllable by the marketing department than the market size variance. (b)the market size variance is the portion of the sales activity variance due to a change in the company's proportion of sales in the markets in which they operate.
Only A is accurate. The market share variance is tied to the percentage of sales in markets, making it more under your control than the industry volume.
What exactly is market share variation?Market share variance illustrates how a shift in market share affects a company's profits. When assessing the marketing and other expenses that will be required to increase and maintain market share, this information can be extremely important.
Variance is what?variance. a measurement of variability for the standard deviation of scores from the mean.
Which of the following variations would the marketing division have the most control over?Market share
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g the two basic types of government regulation are part 2 a. regulation of natural monopolies and regulation of cartels. b. social regulation and labor law. c. social regulation and economic regulation. d. economic regulation and industry regulation.
The social regulation and economic regulation can be regarded as the two basic types of government regulation. Therefore, the option C holds true.
Government regulations can be referred to or considered as the regulations, which are directly in relation to the laws and rules mentioned by the government authorities, and which are to be strictly followed by the individuals within the jurisdiction of the government's scope. Social regulations are in relation to the society at large, whereas, the economic regulations are in relation to the economy as a whole.
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The inflation rate is the rate of change of the: a) money supply. c) New York Stock Exchange. b) value of the dollar. d) average level of prices.
Which is the best measure of economic growth of a country Mcq? A. GNP
B. GDP
C. Net revenue
D. None of these
The best indicator of a country's economic growth is its (B) GDP.
What do we mean by GDP?GDP is the most accurate measure of a nation's economic expansion.
The phrase "gross domestic product" is used to estimate the market value of all final products and services produced and sold (not resold) by nations within a specific time period in dollars (GDP).
GDP, the most frequently mentioned measure of prosperity, is a useful indicator of a nation's economic performance.
It does have some serious flaws, though, namely the exclusion of non-market transactions.
The failure to acknowledge or convey the gravity of society's wealth inequality
Therefore, the best indicator of a country's economic growth is its (B) GDP.
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calculate the unadjusted rate of return for an investment that has a net cost of $430,000 and should provide an average after-tax return of $40,000 for the next 15 years. round your answer to the nearest whole percentage.
9%, as the unadjusted rate of return is equal to the average yearly net income growth rate divided by the initial investment's net cost.
Calculation:$40,090 divided by $430,00 is.093 * 100, or 9%.
If the needed rate of return is 6%, what is the present value of a cash inflow of $2,000 five years from now? Examine later?$2600 will be given to the recipient after five years.
If the internal rate of return is 5% and the desired rate of return is 6%, should management accept the investment opportunity?No, as the internal rate of return on the investment is lower than the intended rate of return.
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If a company has a limited amount of land and capital, and it hires more than the ideal number of employees, what is likely to happen? (select the best answer. ).
If a company has a limited amount of land and capital, and it hires more than the ideal number of employees, Average productivity per worker will decrease.
What is Average Production Rate?
Across all occupations, the average worker is less than 60% productive every day. However, for office workers, this percentage drops significantly. A study conducted by Vouchercloud found that the average office worker is only productive at 2 hours and 23 minutes a day.
What is the employee productivity ratio?The labor productivity ratio is a ratio that expresses the number of labor units produced per working hour. Productivity metrics basically quantify outputs/inputs. Input is labor hours, output is labor units
How is employee performance measured?Employee productivity tracking tools allow organizations to record the completion of assigned tasks, monitor productivity levels, and understand what percentage of tasks are completed. Letting data decide is the fairest, most unbiased way to analyze performance
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Take a closer look at the fourth section, interest in today's trading. What generalization can you make about how people viewed the effects of the stock market fluctuations?.
Take a closer look at the fourth section, interest in today's trading. No one could agree on the effects of the fluctuations can you make about how people viewed the effects of the stock market fluctuations.
TradingTrading entails more active engagement in financial markets than investing, which is based on a buy-and-hold approach. The capacity of a trader to be successful over time is critical to trading success. A trader is someone who engages in the buying and selling of financial assets in any financial market. He or she can purchase or sell for himself or herself or on behalf of another person or organization. The primary distinction between an investor and a trader is the length of time in which the asset is held.
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patrick disagrees with the automation of many of the company's processes but decides not to speak against it as his team is in favor of the changes. patrick believes that disagreeing with his team will have a negative effect on the team. this scenario illustrates the concept of
This scenario illustrates the concept of groupthink.
When individuals reach an agreement without exercising critical thought or assessing the benefits and downsides, it is known as groupthink. The foundation of groupthink is a common desire to preserve the balance of the group.The psychological phenomenon known as "groupthink" describes situations in which members of a group make unreasonable or dysfunctional decisions out of a desire for harmony or uniformity.Organizations create psychological pressure on people to follow the opinions of leaders and other members. The core of collective thinking is this. Two well-known examples of group-think are the US decision to invade Cuba in 1961 and Coca-decision Cola's to launch "New Coke" in 1985.Thus the answer is groupthink.
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ou just deposited $4,000 in cash into a checking account at the local bank. assume that banks lend out all excess reserves and there are no leaks in the banking system. that is, all money lent by banks gets deposited in the banking system. round your answers to the nearest dollar. if the reserve requirement is 2020 %, how much will your deposit increase the total value of checkable bank deposits? $ if the reserve requirement is 88 %, how much will your deposit increase the total value of checkable deposits? $ increasing the reserve requirement increases
Total increase in checkable deposit = $4,000 / 0.07 = $57,143
When reserve requirement = 18% = 0.18,
Total increase in checkable deposit = $4,000 / 0.18 = $22,222
When reserve requirement = 7% = 0.07,
Total increase in checkable deposit = $4,000 / 0.07 = $57,143
A deposit account is a bank account maintained by a financial institution that allows customers to deposit and withdraw funds. A savings account can be a savings account, a checking account, or any of the other types of accounts described below.
A deposit is an amount of money deposited into your bank account. There are two types of deposits: list deposits and time deposits. Money market accounts include checking accounts, savings accounts, and money market accounts. Term deposit accounts include Certificates of Deposit (CD) and individual retirement accounts.
You need to deposit money in the bank to create savings and earn interest. Demand deposits are made on funds that can be withdrawn at any time. A fixed deposit is a long-term investment. The security deposit is also the amount of security deposit that you pay when you take out a loan.
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why would someone want to have renters insurance if their building owner has insurance?
The insurance a landlord carries sometimes simply protects the building. The cost of a loss of personal goods may fall on the tenant if they don't have renters insurance.
Give a brief account on renters' insurance.With the exception of minor adjustments that a tenant makes to the structure, renters' insurance, also known as tenants' insurance, is a type of insurance that offers some of the advantages of homeowners insurance without covering the residence or structure itself. It offers liability insurance, and the tenant's belongings are protected against certain risks like fire, theft, and vandalism. When the house is rendered unusable, it also covers expenses. Renters' insurance is substantially less expensive than a homeowners' policy because its primary purpose is to provide liability protection and defend against damages to the tenant's personal goods; it does not insure the actual house.
The building owner is in charge of insuring the actual residence but is not liable for the contents of the tenant.
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for an insurance contract to be valid in the state of california, when must insurable interest exist?
As long as premium payments are up to date, an insurable interest must be established at the time of application and is valid for the length of the policy.
Any investment that is vulnerable to financial loss is protected by insurable interest. When the loss or damage of the object will result in a financial loss or other troubles, that person or entity has an insurable interest in that thing, event, or action.
A individual or organization would purchase an insurance policy to cover the specific person, thing, or event in order to have an insurable interest. If something were to happen to the asset, such as it getting destroyed or lost, the insurance policy would reduce the chance of loss.
An individual has an insurable interest if they stand to gain financially or in another way from the insured person's ongoing life. Therefore, the remaining person would suffer a financial loss or other hardship if the insured person were to pass away.
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select all the price ceilings that would be binding.
A $6 price ceiling would be legally binding because it is a government-mandated maximum price that is lower than the equilibrium price.
Any Price ceiling that is below the market equilibrium is a binding Price ceiling. As prices want to go up the market price but due to this ceiling, can not go higher. So it is an effective price ceiling as it binds the market price for this good.
A binding price ceiling occurs when the government imposes a required price on a good or goods that is less than the equilibrium price. Because the government requires that prices do not rise above this level, that price effectively binds the market for that good.
Businesses will not produce enough of those goods to satisfy the market because the government artificially keeps the price low. As a result, there is an insufficient supply of those goods, resulting in a shortage of those goods.
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