What is “money” and why does it
exist?

Answers

Answer 1

Answer:

Money is a common unit to measure all the goods and services. Also, it acts as a store of value. A farmer who uses perishable items to buy other goods cannot store it and use it in future.

If I am wrong please correct me.

Answer 2

Answer:

Money is an item that is given a specific value by a governmental body. It exists to make trade easier and more convenient, as you can sell an item for money then use that money to get something you want-- much more convenient than bartering between two different goods. Money means that things have a universal value, instead of being worth 200 apples, or a car tire because the merchant needs one right now.


Related Questions

Define the four factors of production and the differences between physical and human capital.

Answers

Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.


Physical capital implies the non-human assets of the company, such as plant and machinery, tools and equipment, office supplies etc. that help in the process of production. Human capital refers to stock of knowledge, talent, skills and abilities brought in by the employee, to the organization.

Ethical behavior is a subset of which skillset?

professional skills

technical skills

professional conduct

interpersonal skills

Answers

Answer:

C). Professional Conduct

Explanation:

Ethical behavior is characterized as the obedience of moral principles like fairness, honesty, and equity. Such behavior recognizes the individual diversity and offers equal rights and respect to the dignity and integrity of every individual. It is one of the significant aspects of 'professional conduct' which promotes professionalism, healthy work relationships, mutual understanding, and maximize the output. Thus, option C is the correct answer.

Answer: Professional conduct is the answer

Explanation:

I just took the quiz and got the answer right

Answer pleaseee I want fastly

Answers

Explanation:

Hey there!!!

Your required answer is option D.

Because, when you engage or serve others for money or salary or wage it is termed as wage employment.

Hope it helps...

Which of the following terms refers to two companies combining to form a new​ company?
A. Joint venture.
B. Merger.
C. Acquisition.
D. ​Spin-off.

Answers

Answer:

B. Merger.

Explanation:

According to the given situation when two organization work together to establish a new organization for a purpose or we can say that for the benefit of the organization that is known as merger.

Merger basically may be defined as it is the mixture of two things, mainly of an organization.

Therefore the as per the above explanation the correct answer is B. Merger.

What is the informal economy? how many people in the world's economy work in "system d"? what are some of the advantages of the informal economy? what are some of the disadvantages of the informal economy? does the united states have an informal economy? why or why not?

Answers

Answer:

Depending where you look for information, informal economy can cover a lot of different jobs and industries. The informal economy doesn't pay taxes and it is excluded in the gross domestic product. Some organizations include other industries under the informal economy, specially those that are not regulated or adequately controlled by the government. This includes many people who are self-employed or even employees that perform unprotected jobs. E.g. companies that hire poor or illegal immigrant workers and pay them on a daily basis.

According to the International Labor Organization, more than 61% of the world's population works under informal economies.

Some advantages of informal economies are:

higher income resulting from not paying taxes (even on a personal level, if you are able to work and earn a living but do not pay taxes, your personal net income will be higher than if you actually paid taxes). a lot of people are part of it, that means large scale employment.

Informal economies tend to have serious disadvantages because the most powerful tend to abuse form the least powerful:

child labor or even forced labor unprotected jobs, e.g. no social security, no health care benefits, no safety at work, etc.

Approximately 11-12% of the US economy is considered informal, and that represents almost $2.5 trillion per year. Some normal activities are included in the informal economy although we never think about them as being out of the system, e.g. babysitting, landscaping and cleaning services, etc. Other informal activities are more obvious, e.g. prostitution, drug dealing, theft, etc.

Which of the following is NOT an application used in social business?
A. Communities
B. Crowdsourcing
C. Email
D. Social networks.
E. Blogs and wikis.

Answers

The answer is C. Email

The application that is not used in social business is Communities.

This is because Communities is not an application.

Community is just a term that is used to describe a group of people that are living in the same geographical area, often with similar interests or goals.

However, Crowdsourcing is an application that is used in gathering information about people such as service providers or consumers.

Email is a web application that is used to communicate with people far and near. It can be used to advertise and inform people about a product.

Social networks: this is an application in which business owner can use to communicate with his customers or gather new clients.

Blogs and wikis: this is also a web application that is used in writing about things or events. It can be used to store product description and promote it to the target consumers.

Hence, in this case, the correct answer is option A. "Communities."

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You are the American Red Cross liaison in the Emergency Operation Center and you print up a list of the location of materials necessary to outfit the shelters. Materials stored in both facilities are adequate to meet the initial needs. Both the College and the Middle School are implementing their respective plans and are establishing necessary staffing to support the shelter requirements.


What NIMS Management Characteristic is being demonstrated?

Modular Organization

Comprehensive Resource Management

Establishment and Transfer of Command

Dispatch/Deployment

Answers

Answer:

comprehensive resource

Explanation:

Starbucks Corporation is the premier​ roaster, marketer, and retailer of specialty coffee in the​ world, operating in 68 countries. Starbucks generates revenues through​ company-operated stores, licensed​ stores, and consumer packaged goods. In​ 2015, revenues from​ company-operated stores accounted for​ 79% of total revenues. Starbucks states that its retail objective is to be the leading retailer and brand of coffee and tea by selling the finest quality​ coffee, tea, and related products. In​ addition, the company strives to provide the Starbucks Experience by exemplifying superior customer service and providing clean and​ well-maintained stores. Part of this experience involves providing free internet service to customers while they are enjoying their food and beverages. Read the requirementsLOADING.... Requirement 1. How would the cost of internet service be reported by Starbucks and on which financial​ statement? The cost of internet service would be reported by Starbucks as

Answers

Answer:

Even though the information is not complete, all that we need is included in the question. Starbucks provides free internet service to their customers as part of the Starbucks Experience, therefore, the cost of providing free internet must be reported as an operating expense on the income statement. This cost must be treated similarly to any other operating expense, e.g. cleaning expenses, wages, insurance expense, etc.

How does specialization affect voluntary exchange between countries?

Answers

Answer:

It increases voluntary exchange by encouraging other countries to be less self-sufficient

Explanation:

Veronique and Lily each bought a piece of luggage that had the same price in different stores. The tables below shows how they will pay for the item.

Answers

Answer:

D. Lily because her final cost, including finance charges, is less than Veronique’s.

Explanation:

just took the pre test

The final cost incurred, showed that the better financial decision was made by D. Lily because her final cost, including finance charges, is less than Veronique’s.

How did Lily make a better financial decision?

Total amount paid by Veronica:

= 25 x 10 months

= $250

Total amount paid by Lily:

= 35 x 7

= $245

Lily paid a lower amount including the finance charges and so made the better financial decision.

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What is accounting system

Answers

Answer:

An accounting system is the system used to manage the income, expenses, and other financial activities of a business

Answer:

An accounting system is a structured and organized set of processes, procedures, and software designed to record, analyze, and report financial transactions and information of an organization.

Explanation: An accounting system is a framework that enables businesses and organizations to track and manage their financial activities. It encompasses various components such as financial records, journals, ledgers, charts of accounts, and accounting software. The accounting system helps in recording transactions, summarizing financial data, generating financial statements, and providing insights into the financial health and performance of the entity.

By implementing an accounting system, businesses can ensure the accuracy, reliability, and transparency of their financial information. It facilitates the tracking of revenues, expenses, assets, liabilities, and equity, allowing for effective financial management, decision-making, and compliance with legal and regulatory requirements. The accounting system serves as a vital tool for monitoring cash flow, analyzing profitability, budgeting, tax planning, and facilitating audits or financial reviews.

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Tamica doesn’t say because she lives with her parents and doesn’t think she needs any savings since they cover most of her bills which of the following is an argument against her thinking

Answers

Answer:

Savings prepare for emergencies

Explanation:

They really do

Savings prepare for emergencies.

How much should you have in your savings account for emergencies?

Even as the scale of your emergency fund will vary relying on your lifestyle, costs, profits, and dependents, the rule of thumb is to put away a minimum of three monthly months' nicely really worth of expenses.

What should monthly you save monthly for a catastrophe?

Some financial specialists advocate saving for three-6 months well well worth of residing fees, and even though that is without a doubt an intention month-to-month aspire month-to-month, constructing an emergency fund period of this value is a daunting challenge, and as an end result, lots of us throw in the month before even getting started out.

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Ms. Finkel has suggested that if given sufficient resources, she could redesign the production process to reduce the percentage of 16-ounce boxes of Go Bananas! that fail to meet the standard weight of banana-flavored marshmallows when the process is working properly. To what level must Ms. Finkel reduce the percentage of 16-ounce boxes of Go Bananas! that fail to meet the standard weight of banana-flavored marshmallows when the process is working properly in order for her to reduce the probability at least five of the sampled boxes fail to meet the standard to .01 or less

Answers

Explanation:

To find the probability that the sample which fails to meet the required weight or the standard weight of the marshmallows having banana flavor if the process of production is working, such that probability for the weekly sample leads to shutdown of the production if the process of the production is running properly of  1 % of the probability that at least five boxes out of the twenty five sample fails to meet the standard weight which is less than one percent that is  [tex]$p(x \geq 5) \leq 0.01$[/tex]

We know that for p = 0.8,   [tex]$p(x \geq 5) = 0.0452$[/tex]

Now using binomial simulation, we can determine that [tex]$p(x \geq 5) \leq 0.01$[/tex] for  p = 0.0452

So the production process is to be redesigned for reducing the percentage of boxes of the Go Bananas of 16 ounces which failed to meet the required weight of the marshmallows having banana flavor if the production process is working properly to 5.42 percent.

Q 2.29: During its most recent period, Raymond Manufacturing expected Job No. 59 to cost $600,000 of overhead, $1,000,000 of materials, and $400,000 in labor. Raymond applied overhead based on direct labor cost. Actual production required an overhead cost of $590,000, $1,140,000 in materials used, and $440,000 in labor. All of the goods were completed. How much is the amount of over- or underapplied overhead?

Answers

Answer:

$70,000 overapplied

Explanation:

Raymond manufacturing expected job No 59 to cost $600,000 of overhead , $1,000,000 materials and $400,000 labour

The actual production cost is $590,000

$1,140,000 worth of materials were used and $440,000 labour cost

The first step is to calculate the overhead rate

= expected overhead /expected cost of labor

= $600,000/$400,000

= 1.5

The overhead applied can be calculated as follows

= overhead rate× real cost of labor

= 1.5 × $440,000

= $660,000

Therefore the over applied or underapplied can be calculated as follows

= $660,000-$590,000

= $70,000

Hence the overapplied is $70,000

The measure of the total annual income received by residents of a nation is called _____.

Answers

Answer: Gross National Income

Explanation:In a bid to measure and track the wealth of a nation, various economic terms are employed in keeping track of income generated by a nation from time to time usually on an annual basis. The Gross Domestic Product defines the value of all goods and services produced in a nation within a year. Hence, Gross Domestic Product(GDP) is concerned goods and services of domestic nature. The Gross National product(GNI) encompasses a nation's GDP and foreign revenue earned by nationals of a country.

Answer: The answer is GROSS NATIONAL INCOME

Explanation: Gross National Income (GNI) is the cummulative amount earned by individuals and businesses of a nation.It is a measure of the total annual income received by reaidents of a nation.

GNI is an alternative to Gross domestic product (GDP) as it sums up all income earned by residents of a nation removing the net income from abroad.

prepares the final accounts such as profit and loss accounts, cash flow statements and balance sheets; manages the money of the business.

Answers

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Which question can help a writer analyze a prompt and develop a claim for an argumentative essay?
O Does the conclusion restate the claim?
O What is the main purpose of the essay?
O is supporting evidence included?
O is the claim clearly stated?

Answers

I think B, but i’m not sure

The question that can help a writer develop a claim for argumentative essay is " is supporting evidence included?"

What is an  is an Argumentative essay?

An Argumentative essay is one characterised by responding to a prompt or questions of a fellow in other to get ideas or win points from their claims.

In a good arguments, both parties are expected to come out more enlightened about the topic they argued about.

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Which of the following students is most likely to receive a merit-based scholarship?

A.

a student from a low-income family

B.

a student with a delinquency record

C.

a student from a political family

D.

a student with a high academic score

E.

a student from a middle-income family

Answers

The answer is D a student with a high academic score

Answer:

D

Explanation:

which is a cause of system unavailability? A) natural disaster B) incomplete testing C) poor password practices D) poor physical security

Answers

Answer:

D) poor physical security

Explanation:

Answer:

A natural disaster

Explanation:

I know it seems weird but I put that and my test on Plato scored it as right

You deposit a check for 15000 from the company owner into the checking account. Show thr effect on the accounting equation using the extended accounting equation

Answers

Answer:

Assets = Liabilities + Equity     Revenue - Expenses = Income   Cash flows

cash                           capital                                                           $       type

$15,000 =  $0 +      $15,000          $0     -   $0           = $0       15,000  financing

You deposited $15,000 which increases the cash account and at the same type increases the paid-in capital account. Since it is not part of the operating activities, it doesn't affect revenues, expenses or income. The $15,000 increase in cash is classified as a financing activity cash inflow.

In the simulation, explain how the original order results in one $22 fee, while the Wells Fargo reordering results in four $22 fees.

Answers

Answer:

In a situation in which the transactions that occurred were been arranged accordingly or just exactly the way the transaction happened which means that the customer will owe the amount of $22.

In a situation in which the transactions are been posted in descending order which is from largest transaction to the smallest transactions the customer money in his or her bank account will reduce quickly which will in turn make customer to have the amount of $88 as overdraft.

Explanation:

In a situation in which the transactions that occurred were been arranged accordingly or just exactly the way the transaction happened which means that the customer will owe the amount of $22 because based on the information given we were told that the customer original order resulted in one $22 fee which means that 1 multiply by $22 fee will give us $22 (1*22) which is the amount owe by the customer.

Secondly in a situation in which the transactions are been posted in descending order which is from largest transaction to the smallest transactions the customer money in his or her bank account will reduce quickly which will in turn make the customer to have the amount of $88 as overdraft reason been that we were been told that the reordering resulted in four $22 fee which means that four multiply by $22 fee will give us $88 (4*22).

How can the use of new technology in industry benefit consumers?
A. Consumers can allocate their resources wisely.
B. Consumers have greater access to information.
C. Consumers can use materials from anywhere.
D. Consumers can ship goods around the world.

Answers

Answer:

B

Explanation:

Answer:

B

Explanation:

Patagonia, a multinational sports apparel company, is planning to launch its extreme weather gear product line in Nepal and the Kingdom of Bhutan; both are considered to be emerging markets. What would you advise Patagonia to omit from consideration in crafting a strategy to enhance future profits in these two emerging markets?

Answers

Answer: Create a sales plan that aims to enhance initial sales and market penetration with low prices based on high operational costs.

Explanation:

An emerging market is the economy of acountru that's developing and therefore,.such country is becoming more engaged with the global markets due to its growth and expansion as it grows.

The advise that'll be given to Patagonia to omit from consideration in crafting a strategy to enhance future profits in these two emerging markets is to create a sales plan that aims to enhance initial sales and market penetration with low prices based on high operational costs.

Samantha a marketing professional integrates her work with other departments daily. Relate the dependence of marketing on other core functions

Answers

Answer:

Marketing is not only much broader than selling, it is not a specialized activity at all. It encompasses the entire business. It is the whole business seen from the point of view of the final result, that is, from the customer's point of view. Concern and responsibility for marketing must therefore permeate all areas of the enterprise

Explanation:

Like any other marketing professional her marketing makes a huge impact on her other functions.

Answer:.

Explanation:

Ivan has plenty of money to invest but so far has bought high-risk securities. Explain how Ivan could diversify and whether it is necessary.

Answers

Answer:

Its important to diversify because it can help an investor manage risk and reduce the volatility of an asset's price movements. If his high risk investment backfires hes left with almost nothing, diversifying can give him a safety blanket just incase. The many ways he can diversify include, but aren't limited to, Use asset allocation or target date funds, Invest in a mix of mutual funds or ETFs, Customize with individual stocks and bonds, Vary company size and type, Invest abroad, and add complexity.

Explanation:

In which of the following economic systems is the government's role greatest?
O Mixed O Traditional O Market O Command​

Answers

Answer:

command has the great rolr of government

Which is a risk in IS development?
A. system unavailability
B client requirements
C. design complexity
D. low productivity

Answers

Answer: system unavailability

Explanation:

A risk in IS development is system unavailability or asset availability. The correct option is a.

What is system unavailability?

System availability which is also known as equipment availability or asset availability is a metric that measures the probability that a system is not failed or undergoing a repair action when it needs to be used.

There are three qualifications that need to be met for a system to be available: Functioning equipment - Not out of service for repairs or inspections, Functioning under normal conditions - Operates in an ideal setting at an expected rate, Functioning when needed - Operational at any time production is scheduled.  System availability is used to gauge if an asset’s production potential is being maximized, which has a direct impact on the financial health of a business. System availability is calculated by dividing uptime by the total sum of uptime and downtime.

The formula is System availability = (Actual operation time in hours / Total time in hours) * 100.

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You have not had much experience working with this particular product line. However, a potential local supplier for this cologne does immediately come to mind. You recall that your roommate from college manages a scented soap factory in northern ohio that has been running under capacity. What is the best first step for your decision-making process?

Answers

Answer: b. Send the VP of Procurement a memo requesting more specific information about any issues with the current provider and what the company is looking for in a vendor.

Explanation:

In your case the first step would be the need to acquire more information so that you may know what the job entails and if it is something you are able to do.

To do so you should request for information from the relevant people who in this case would be the VP of procurement. Ask the VP what the company would like in a vendor as well as why the Vendor is looking for a new provider so that you may know of any issues between the Vendor and their current providers. This would also contribute to you knowing what is expected of a vendor.

Johnson Bailey and Kailey Clark's corporation, Bailey-Clark Financial, is branching out into the field of escrow handling. They know the corporation must be licensed by the State of California. There are a total of 5 officers, trustees, and other employees who will have access to the money or negotiable securities in the possession of the corporate license, and have furnished a bond of indemnification against loss. Has the corporation fulfilled all necessary licensing requirements to work in escrow handling?

Answers

Answer: No

Explanation:

In carrying out proper work that has to do with financial claims, it is relevant to always consider all terms in place before carrying out the work. Johnson Bailey and Kailey Clark's corporation, Bailey-Clark Financial must meet the requirements in section A and B in addition and the cooperation must furnish a surety bond in some amount depending on what's considered on yearly basis on average trust fund obligations.

According to Maslow, what must happen before people start trying to satisfy growth needs?
A) They must satisfy deficiency needs.
B) The must develop wisdom.
C) They must develop motivation.
D) They must satisfy higher-order needs.

Answers

c is my guess

Explanation:

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