A limited edition plush toy is an example of a promotional item. Promotional items are typically free gifts or discounts given to customers by a company or organization. A promotional item is a product or item that is used to promote or market a business, product, or service. Promotional items can range from promotional pens and mugs to key chains and t-shirts.
They are intended to increase brand awareness, create positive customer experiences, or create a feeling of loyalty to the company. In this case, Naptime Inc. is using the limited edition plush toy to reward customers who purchase a mattress from a Naptime dealer. By providing this reward, Naptime hopes to encourage more customers to shop with them and create a feeling of loyalty to the brand.
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True or False?
To be valid and enforceable, contracts must be in writing and signed by both parties.
Contrary to popular belief, contracts do not need to be in writing or signed by both parties to be binding. Hence the statement is False.
Define contracts.A legally enforceable agreement between two or more parties is referred to as a contract. Each party agrees to uphold the rights and obligations set forth in this agreement after it is signed. In essence, a promise forms the foundation of any contract.
An agreement between parties that produces mutually binding legal obligations is known as a contract. Mutual assent, represented through a contract-compliant offer, is required for the agreement to be a valid offer and acceptance, adequate consideration, capacity, and legality.
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which of the following statements describes a key difference between advertising and publicity? group of answer choices c. advertising is usually directly paid, and publicity is usually indirectly paid. e. publicity always has a much greater reach than advertising. d. advertising provides an immediate feedback loop, and publicity does not. b. publicity is usually directly paid, and advertising is usually indirectly paid. a. publicity is more expensive on a cost-per-contact basis than advertising.
E) The correct response is "publicity is usually paid indirectly," while "advertising is usually paid directly."
What distinguishes advertising from publicity?Advertising is the commercial promotion of a company's product or service. To spread information about a product, service, or company is called publicity. Publicity is what other people say about a product, while advertising is what a company says about its own product.
What is the distinction between and publicity?Getting the media's attention for information or news about a product, service, person, organization, etc. is part of public relations. so as to raise people's awareness. Public relations, on the other hand, aims to reach the intended audience in order to boost sales.
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the consumer price index is subject to the substitution bias and the quality/new goods bias. are the producer price index and the gdp deflator also subject to these biases? why or why not? g
GDP Deflator is unaffected by the substitution bias, however it has an impact on the Producer Price Index.
A justification for the responseBecause it ignores the savings that consumers realize when they modify their spending in response to changes in the relative prices of goods and services, the CPI's measurement of price changes for a set basket of goods and services suffers from substitution bias.
The PPI is susceptible to similar biases for essentially the same causes as the CPI. The GDP deflator utilizes prices from actual purchases made in that year, thus there are no biases.
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a waiting line meeting the assumptions of m/m/1 has an average time between arrivals of 10 minutes, and it services items on an average of 5 minutes each. what is the utilization factor?
Arrival price refers to the fee of incoming calls in a contact center. The arrival charge metric indicates how many calls are being treated or put on preserve all through a precise period of time.
On an average, it's a metric that should ideally be stated each day for accurate reporting.
How do you calculate average arrival time?Usually, the timing of arrivals is described through specifying the common charge of arrivals per unit of time (a), or the average interarrival time (1/a). For example, if the common fee of arrivals, a = 10 per hour, then the interarrival time, on average, is 1/a = 1/10 hr = 6 min.
What is inter arrival time in Poisson process?By construction, each interarrival time, Xn = tn − tn−1, n ≥ 1, is an independent exponentially allotted r.v. with fee λ; hence we built a Poisson manner at price λ.
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https://brainly.com/question/25227363#SPJ4a firm is evaluating a proposal which has an initial investment of $50,000 and has cash flows of $15,000 per year for five years. the payback period of the project is . a firm is evaluating a proposal which has an initial investment of $50,000 and has cash flows of $15,000 per year for five years. the payback period of the project is . 3 years
The payback period of the project is 3.3 years.
Payback period = initial investment/ annual cash flow
= 50,000/15,000
= 3.3 years.
The time period payback period refers to the amount of time it takes to get better the fee of an funding. surely put, it's miles the period of time an investment reaches a breakeven point. human beings and groups in particular invest their money to receives a commission again, which is why the payback length is so vital.
Payback period in capital budgeting refers back to the time required to recoup the budget expended in an funding, or to attain the ruin-even factor. for example, a $a thousand funding made at the start of 12 months 1 which again $500 at the quit of year 1 and year 2 respectively could have a two-year payback duration.
In simple terms, the payback period is calculated by dividing the cost of the funding via the annual coins waft till the cumulative coins flow is nice, that's the payback yr. Payback length is typically expressed in years.
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In China, which two legal concepts are currently at odds with one another?
Group of answer choices
guanxi; bribery
intellectual property rights; whistle-blowing
keiretsu; chaebol
The correct answer is Option B. guanxi; bribery, An early version of a socialist legal order with Chinese Constitution elements and a focus on the Constitution has emerged.
The three levels and seven types of law in China Constitution are covered by its legal system. The law on lawsuit and non-lawsuit procedures is one of the seven categories, along with the civil and commercial, administrative, economic, social, and criminal laws. State laws, administrative rules, and local statutes make up the three tiers. By March 2008, the local people's congresses and their standing committees had passed over 7,000 local statutes, the State Council had issued over 600 administrative regulations, the NPC and its Standing Committee had enacted over 229 laws, and the people's congresses of national autonomous areas had passed over 600 regulations pertaining to autonomy and local needs. a communist legal system with Chinese features that is based on it.
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which of these is an effect rock and roll had on society in the united states in the 1950s?
Rock and Roll contributed to a cultural divide between generations
What was the effect of Rock and Roll on American society?
Rock & roll not only represented a new musical generation but also gave rise to one. Rock & roll pushed young people to reject the more traditional American way of life, increased the use of technology in daily life, and promoted civil rights campaigns that supported minorities and races, all of which had a profound impact on American culture.
Many people were aided by rock & roll in shifting from their pre-war perspectives to more modern ones. The younger generation believed that rock represented a break from the conflict and the "age of dread" that the last World War had produced, despite the fact that many parents abhorred it.
Because many "rock stars" supported a relaxed and laid-back way of life, rock & roll appeared to be associated with this. Because so many of the performers engaged in recreational drug usage, fans felt pressured to do the same because they believed that lifestyle to be normal. Rock & roll was perceived as outrageous, mostly due to the performers' gyrating and hip-grinding, their suggestive lyrics, and their rebellious undertones that offended parents and triggered teens' sensual sensibilities.
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jamie dimon is an avid promoter of company-wide learning. what specific learning related observations does he strongly favor to foster a great corporate culture and cultivate excellent leaders?
The specific learning-related observations he strongly favors fostering a great corporate culture and cultivating excellent leaders are all of the above.
He believes in company-wide learning and therefore based on that he focuses on training employees for their growth and development retaining them to get returns and also making the organization learn in order to succeed.
Observational learning has the potential to teach and reinforce or diminish certain behaviors based on a variety of factors. Observational learning is especially prevalent in early childhood and can be a key component of how we learn new skills and avoid consequences. Observational learning is the process of learning by observing the behavior of others.
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if you want to value a firm that has consistent earnings grow, but varies how it pays out these earnings to shareholders between dividends and repurchases, the simplest model for you to use is the:
The simplest model for you to use is the discounted free cash flow model.
reductions and allowances are reductions to a primary charge of goods or services. they could arise everywhere within the distribution channel, modifying both the manufacturer's list rate (decided by the producer and often imprinted on the package), the retail charge (set via the retailer and often attached to the product with a sticky label), or the list charge (that is quoted to a capability customer, typically in written form). there are many purposes for discounting, including to increase brief-time period income, to transport out-of-date stock, to praise treasured clients, to inspire distribution channel participants to perform a feature, or to otherwise reward behaviors that benefit the bargain provider.
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which provision in health insurance limits the time a policy is contestable to 2 years, except for fraud? a reinstatement b proof of loss c free look d time limit on certain defenses
Time limit on certain defenses in health insurance limits the time a policy is contestable to 2 years, except for fraud.
A navy, additionally acknowledged together as military, is a heavily armed, enormously prepared force broadly speaking intended for struggle. it is typically authorized and maintained by way of a sovereign nation, with its participants identifiable by using their wonderful navy uniform. it may consist of one or extra army branches which include an army, navy, air force, space pressure, marines, or coast shield. the primary venture of the military is commonly defined as the defense of the state and its interests in opposition to external armed threats.
In vast usage, the terms armed forces and military are often treated as synonymous, despite the fact that in technical utilization a difference is now and again made in which a rustic's armed forces may consist of both its military and other paramilitary forces. there are numerous sorts of irregular military forces, now not belonging to an identified country; even though they percentage many attributes with everyday army forces, they may be less frequently referred to as absolutely military.
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however, in digital marketing, when customers view commercials, they can instantaneously purchase the product through digital media.
In digital marketing, when customers view commercials, they can instantaneously purchase the product through digital media is true.
What exactly does marketing mean?For the purpose of generating, conveying, delivering, and trading offerings that are valuable to customers, clients, partners, and society at large, marketing refers to a variety of activities, institutions, and procedures.
The importance of marketingThe benefit of marketing to your company is that it informs consumers about your goods and services, engages them, and influences their decision to purchase. A marketing strategy, which should be a component of your business plan, can also aid with demand creation and maintenance as well as relevancy, reputation management, and competitiveness.
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You own a bike shop, you have
a beginning cash balance of
$4,700, $101,000 in total cash
sales, $3,300 for utilities,
$2,500 in loan payments and
$5,600 for marketing costs.
What is your ending cash
balance?
Answer:
94,300
Explanation:
4,700+101,000=105,700 in total cash. 3,300 +2,500+5,600=11,400 in total cost. Hailey's ending cash balance is $94,300 because 105,700-11,400=94,300
bro it's simple arithmetic
you purchase 200 shares of a stock at a price of $70 per share. you purchase 200 call options on the stock with exercise price of $72 and a call premium of $5.75 per call option. you also write (sell) 300 put options on the same stock with exercise price of $68 and put premium of $2.87 per put option. all the options expire on the same date. calculate the profit on your entire strategy (portfolio) at the expiration of the contracts if the stock price at that time is $77.90. (assume you sell all your shares the date that the options expire.)
The profit on your entire strategy (portfolio) at the expiration of the contracts if the stock price at that time is $77.90 is $2471.
Profit on the strategy=Profit from shares+Profit from long calls+Profit from short puts=200*(77.90-70)+200*(MAX(77.90-72,0)-5.75)+300*(-MAX(68-77.90,0)+2.87)
=2471.00
A portfolio is a hard and fast of monetary investments like stocks, bonds, commodities, coins, and cash equivalents, which include closed-quit budget and exchange traded budget (ETFs). humans typically keep in mind that shares, bonds, and cash include the middle of a portfolio.
A portfolio is a set of financial investments like shares, bonds, commodities, coins, and coins equivalents, consisting of closed-stop price range and trade traded charge variety (ETFs).
Humans typically trust that stocks, bonds, and cash encompass the center of a portfolio.
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based on the analysis completed above, what further testing, if any, needs to be performed over the identified risks and the remaining population? stated differently, do any further tests need to be performed or does the three-way match visualization, combined with your tests of 9 controls and additional visualizations, provide you with sufficient appropriate evidence to conclude about the occurrence of revenue at urgent?
In order to find the order in a location that had previously only experienced moderate sales but has just undergone a substantial transition, they must conduct additional testing, identify the dangers, and consult the remaining population.
When someone or something is in evidence, it means that they are present and easily visible. There were few soldiers in sight. Poor living conditions and poverty are still very much evident.
Evidence is often used interchangeably with the words demonstrate, evince, manifest, and show. The evidence argues that these phrases serve as evidence of something's reality or existence, even if they all mean "to reveal openly or make obvious."
They must find the order in a region that had previously had only modest sales but has just undergone a significant transformation. To determine whether the sale order was legitimate and completed, they must check for shipping records and, if possible, confirmation.
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sarah, sue, and as inc. formed a partnership on may 1, 20x9 called ssas, lp. now that the partnership is formed, they must determine its appropriate year-end. sarah has a 30% profits and capital interest while sue has a 35% profits and capital interest. both sarah and sue have calendar year-ends. as inc. holds the remaining profits and capital interest in the lp, and it has a september 30 year-end. what tax year-end must ssas, lp use for 20x9 and which test or rule requires this year-end?
12/31, majority interest taxable x year-end must sass, lp use for 20x9 and w test or rule requires this year-end.
What is interest in business?
Interest is the idea that rewards one party for taking a risk and giving up the chance to utilise cash while punishing another party for using someone else's money. The individual temporarily giving up their money has a right to compensation, and the person temporarily utilising those assets is frequently obligated to provide this payment.
Interest is the fee paid for having access to borrowed funds. While the interest rate used to compute interest is often reported as an annual percentage rate, interest expense or revenue is sometimes expressed as a dollar figure (APR).
Your savings account receives interest when funds are kept there. This is so that the bank may utilize your funds and make loans to other customers while you continue to receive interest payments.
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Equipment acquired at a cost of $126,000 has a book value of $42,000.
Required:
Journalize the disposal of the equipment under the following independent assumptions.
(a) The equipment had no market value and was discarded.*
(b) The equipment is sold for $54,000.*
(c) The equipment is sold for $24,000.*
(d) The equipment is traded-in for a similar asset. The list price of the new equipment is $63,000. The buyer gave no cash in the exchange. The transaction lacks commercial substance.*
*Refer to the Chart of Accounts for exact wording of account titles.
Journal entry of a disposed equipment is Disposal of fixed asset account to equipment, cash account debit to equipment account $54000 / $24000, New equipment ac debit to old equipment $63000.
Assets must be removed from the accounting records as part of the disposal process. To entirely erase every trace of an equipment from the balance sheet, this is required (known as derecognition). In the reporting period in which the asset disposal occurs, a gain or loss may need to be recorded on the transaction. We'll assume that the asset being sold is a fixed asset for the purposes of this discussion.
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the risk free rate and the expected market rate of return are 0.056 and 0.125, respectively. according to the capital asset pricing model (capm), the expected rate of return on a security with a beta of 1.25 is equal to
The risk-free rate and the expected market rate of return are 0.056 and 0.125, respectively. According to the capital asset pricing model (CAPM), the expected rate of return on a security with a beta of 1.25 is equal to 0.142.
The risk-free rate refers to the rate of return offered by a risk-free investment. Every investment asset needs to carry some level of risk, no matter how minor, so the risk-free rate is a purely theoretical concept. In practise, it is regarded as the interest rate on short-term government debt.
The expected return is indeed the amount of money an investor anticipates to earn on an investment based on the investment's historical return as well as expected rates of return under different scenarios. The annual return rates of a major indexes provide a reasonable estimate of future market performance for investors who do not employ a portfolio manager to obtain this historical data.
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tanner company currently pays $14 per unit to buy a part for a product it manufactures. instead, tanner could make the part for per unit costs of $6 for direct materials, $4 for direct labor, and $2 for incremental overhead. tanner normally applies overhead costs using a predetermined rate of 200% of direct labor cost. should tanner make or buy the part?
Ideally Tanner Company Make the part since it will cost $2 less to make than to buy.
How Much Does Direct Labor Cost?Direct labor costs are the total expenses incurred by the business for paying employees' wages and other perks in exchange for work that is directly relevant to the production of the business's goods or the rendering of its services.
The other important components of the company's product cost are direct material costs and manufacturing overhead costs. It is one of those components.
The amount paid to full-time employees, part-time employees, temporary employees, and workers hired on a contractual basis who are directly involved in the production or processing of the goods can all be included in the company's total compensation.
The wages provided to the employees are simply one component of the total cost of the direct labor expense. It also includes any additional fees that are paid that are directly tied to the products, like payroll taxes deducted from employee paychecks, insurance for workers' compensation, life insurance, health insurance, and other company perks. for the delivery of the services or for a corporate product.
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which type of risk does not change as we add more securities to a portfolio? multiple choice question. systematic, or market, risk unsystematic, or diversifiable, risk idiosyncratic risk company-specific risk
(OPTION D) Company-specific risk type of risk does not change as we add more securities to a portfolio. While systematic risk is the danger that is built into the market.
Unsystematic risk can be decreased in the context of an investment portfolio by diversifying. Every type of investment carries the danger of unsystematic risk, securities which is company- or industry-specific. Other names for it include "Specific Risk" and "Diversifiable Risk." By implementing diversification techniques, this risk can be decreased or mitigated while ensuring that the returns are unaffected. Diversification cannot help investors lower all risks. These dangers are known as systematic dangers.
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the functional structure relies on specialists to take on some of the burden from the owner manager. true
The answer is true. A functional structure is a company structure that is built around the roles that each team member plays within the company and their knowledge and abilities.
The most conventional strategy is a functional structure. It suggests assembling individuals who perform related duties according to their area of expertise. In other words, you'll find all the marketers in marketing and all the accountants in finance. The notion of specialisation based on functional structure or role is used by functional company as a sort of organisational structure. In general, there are five different categories of formal organisational structures: matrix, line, functional, line and staff, and project management.
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given a marginal propensity to consume of 0.9, the multiplier effect of an increase of $100 billion in government purchases of goods and services is larger than the multiplier effect of a tax cut of $100 billion because:
cut of $100 billion because in the first round of spending only $90 billion of the tax cut will be spent and $10 billion will be saved.
GovernmentThe legislative, executive, and judicial branches comprise government in its fullest meaning. Government is both a tool for implementing organizational policies and a policy-making mechanism. Many governments have a constitution in the form of a proclamation of their governing beliefs and philosophy.
While governance exists in many sorts of organizations, the term government is frequently used to refer to the approximately 200 autonomous national governments and subsidiary organizations.
In the contemporary age, the primary sorts of political systems include democracies, monarchies, and authoritarian and totalitarian regimes.
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one of the problems created by price floors set above the equilibrium is: a. the creation of surplus. b. the effect on firm profitability. c. firms don't have incentives to reduce costs. d. how to cope with the shortages.
(a) the creation of surplus. Surplus generation is one of the issues brought about by price floors set above equilibrium.
a condition of mental or emotional equilibrium: POISE attempting to regain his equilibrium a balance between conflicting forces or activities that can be static or dynamic. a condition of adjustment between opposing or divergent influences or components (as in a reversible chemical reaction when the rates of reaction in both directions are equal). The word "equilibrium" derives from the Latin word "libra," which means "weight" or "balance." As a constellation, astrological sign, and representation of the zodiac, Libra is sometimes shown as a pair of balancing scales, frequently held by the blindfolded goddess of justice, which stands for justice, fairness, and equality. Biology, chemistry, physics, and economics all have different definitions of equilibrium, yet they all relate to the harmony of opposing forces.
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which company used techniques such as a profit distribution system, fixing retail prices, and endorsements and licensing connections to establish itself as an industry standard?
The Spalding company used techniques such as a profit distribution system, fixing retail prices, and endorsements and licensing connections to establish itself as an industry standard.
The act of saying that you approve of or aid something or a person: The marketing campaign hasn't acquired any political endorsements. He hoped for the cozy short endorsement of the plan from the president
A signature is an endorsement. for example, when a business enterprise issues a payroll check, it authorizes or endorses the transfer of money from the business account to the employee. The act of signing the test is considered an endorsement, which serves as proof of the payer's cause to switch the budget to the payee.
A financial institution endorsement is an assurance with the aid of a financial institution confirming that it's going to uphold a take-a-look at or different negotiable device, which includes a banker's reputation, from considered one of its clients. This assures any 0.33-celebration that the financial institution will again the obligations of the creator of the device inside the occasion the creator can't make price.
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preston owns a car that is increasingly unreliable and frequently needs repairs. because he has already put a lot of money in the car, he is reluctant to sell it and get a more reliable one. which problematic decision-making process is preston probably experiencing?
The sunk-cost fallacy problematic decision-making process is preston probably experiencing.
The sunk cost fallacy is the human tendency to stick to efforts in which time, money, or other resources have already been invested, even when changing course is the more logical choice.
The sunk cost fallacy occurs because we are not purely rational decision makers and are often influenced by emotions.
Sunk costs are costs that have already been incurred and are unlikely to be recovered in the future. refers to For example, rent, spending on marketing campaigns, or money spent on new equipment can all be considered thunk his costs.
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Management control includes all of the following steps except.
Management control includes all of the following steps except A: revising budgets.
After strategies are set and plans are created, management’s basic task is to take steps to ensure that these created plans are carried out. This is the vital control function of management. And since management comprises directing the activities of others, a primary part of the control function is making sure other employees do what they are intended to do. Management control is implemented in order to guard against undesirable actions and encourage desirable actions.
"
Complete question:
Management control includes all of the following steps except A: revising budgets.
a. Revising budgets.
b. Schedule staffing.
c. Delegate work.
d. Monitor progress.
"
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On September 10, 1990 the published prices (cents on the dollar) on Latin American bank debt was quoted as follows:
Mexico 43.12
Venezuela 46.25
Chile 70.25
Assume that the central banks of Mexico, Venezuela, and Chile redeemed their debts at 50 percent, 85 percent, and 76 percent, respectively, of face value in a debt-for-equity swap. If the three countries had equal political risk, based purely on financial considerations, the cost of a $40,000,000 assembly plant investment in local currency would be ranked (lowest to highest) in dollar cost as follows:
Consumers can work with American Debt Relief, a respectable company, to negotiate and settle credit card debt via the debt settlement procedure. This business offers a free debt assessment to get you started and has outstanding customer evaluations.
Explain in detail.
Venezuela first, Mexico second, Chile thirdThe dollar cost of raising the needed capital in each country can be calculated as follows:Mexico: ($40,000,000/.50) x .4312 = $34,496,000Venezuela: ($40,000,000/.85) x .4625 = $21,764,706Chile: ($40,000,000/.76) x .7025 = $36,973,684To know more about Fund here
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please indicate whether each individual or group of individuals is part of the federal open market committee (fomc). a. the seven members of the board of governors: b. the president of the los angeles federal reserve bank: c. a group of four district bank presidents: d. the secretary of the treasury: e. the chairman of the securities and exchange commission (sec): f. the president of the new york federal reserve bank
a. The seven members of the Board of Governors are part of FOMC.
b. The President of the International Monetary Policy Harmonization Council is not a part of FOMC.
c. A group of four district presidents is not part of FOMC.
d. The Treasure of the United States is not a part of FOMC.
e. A chairman of the Securities and Exchange Commission is not a part of FOMC.
f. The President of the New York Federal Reserve Bank is part of FOMC.
The FOMC consists of a dozen members: The Board of Governors consists of seven members, including the Fed Chair. The President of the Federal Reserve Bank of New York, who also serves as the Fed's Vice President.
The Federal Open Market Committee (FOMC) is the component of the Federal Reserve that manages open market operations to formulate monetary policy.
Therefore, the following statements are as follows:
a.The FOMC is comprised of seven members of the Board of Governors.
b. The International Monetary Policy Harmonisation Council's President is not a member of the FOMC.
b. The FOMC does not include a group of four district presidents.
c. The United States Treasurer is not a member of the FOMC.
b. The FOMC does not include the chairman of the Securities and Exchange Commission.
f. The President of the Federal Reserve Bank of New York is a member of the FOMC.
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Which of the following is not a viable monetary policy target for the Fed? The inflation rate. The interest rate. The money supply. The money demand. Click to select your answer.
The correct option is D. The money demand. By increasing or decreasing the monetary base, the Fed can regulate the amount of money in circulation. The size of the Fed's balance sheet is correlated with the monetary base.
The need for money explains why people want a specific sum of money. The amount of money that people want to keep depends on the value of the transactions that need to be managed. The quantity of money sought increases with the volume of transactions. Demand for nominal currency varies in direct relation to price level. For instance, if prices increase by 10%, people will require 10% more money to make purchases. People need more money as Y rises because intended consumption rises along with the number of wanted transactions. Demands for money are influenced by real gross domestic product, interest rates, and price level. These three variables work together to determine how much of a person's wealth is held in interest-bearing assets and how much is held in cash and checking for daily expenses. A theory of money demand was established, in which money was effectively seen as an inventory maintained for use in transactions. Although liquid financial assets other than money offered better yields, maintaining such inventory was justified by the cost of transactions between money and these assets.
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wo firms are competing on a market with demand p=47-3q by simultaneously choosing what price to charge. assume they can charge any real price (not just limited to integer numbers) whoever charges the lowest price can capture the whole demand. if prices are the same, firm 1 captures the whole demand (and 2 does not sell anything) both firms have marginal cost equal to 5, and cannot produce more than 5 units, each. what is the equilibrium in this market? how much does each firm charge, and how much should each firm sell?
The firm should set marginal revenue equal to marginal cost.
A sale wherein the client isn't always allowed to return the products No returns could be widespread for gadgets supplied on company sales fee that does not exchange that's stated in an agreement to be the price at which shares will be supplied to the organization.
Selling is any transaction wherein money is exchanged for a very good or carrier. throughout an income negotiation, the seller attempts to persuade or sell the purchaser the benefits of their offer.
The firms in particular grow to be sellers available on the market for items and offerings and consumers inside the production sector. groups manufacture items and services utilizing substances or efficient resources along with labor, assets, finance, and entrepreneurship.
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page(s) 612-613 18.3. what is the phillips curve? the phillips curve was first suggested as a description of the relationship between inflation and unemployment in the late 1950s, and data through the 1960s were consistent with its predictions. what happened in the 1970s?
The association is named after economist William Phillips, who noted in the 1950s that wages in the UK tended to increase more quickly when the unemployment rate was lower and stagnate when it was high.
What is the connection between unemployment and inflation?
Historically, there has been an inverse correlation between inflation and unemployment. The above implies that unemployment decreases as inflation increases. Conversely, higher unemployment results in lower inflation.
Over the course of the business cycle, Phillips' "curve" represented the typical relationship between unemployment and wage behavior. It displayed the rate of wage inflation that would happen over time if a particular level of unemployment persisted.
Therefore, For the majority of developed economies, economists quickly estimated Phillips curves.
Learn more about the Phillips curve from the given link.
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