Raising interest rates is the appropriate response to developing equity or real estate price bubbles.
Although it is never popular, officials must do this if they are to fulfil their responsibility of stabilising the financial and economic system. The culprits behind some of the most disastrous recessions in history are asset price bubbles. Asset bubbles that were followed by severe economic downturns include the stock market bubble of the 1920s, the dot-com boom of the 1990s, and the real estate bubble of the 2000s.
When an asset bubble explodes, it can be extremely disastrous for people and firms who invested too late. Asset price bubbles are comparable to Ponzi or pyramid schemes in this way. When asset bubbles burst, investors' net worth is destroyed, and exposed enterprises fail, potentially igniting a chain reaction of debt deflation and financial panic that can spread to other areas of the economy and produce the recessionary phase of higher unemployment and decreased output.
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1.Institutions that help to match one person's saving with another person's investment are collectively called theA.Federal Reserve system.B. banking system.C.monetary system.D.financial system.
Institutions that help to match one person's saving with another person's investment are collectively called the financial system.
What are the financial system's components and purposes?An economic structure known as a financial system allows for the transfer of assets and money between lenders, investors, and borrowers with the help of financial institutions. Its purpose is to effectively allocate economic resources in order to stimulate economic growth and produce a return on investment (ROI) for market players.
Why is the financial system crucial?A stable financial system is capable of effectively allocating resources, identifying and managing financial risks, preserving employment levels close to the natural rate of the economy, and preventing relative price movements of real or financial assets that could jeopardize monetary stability or employment levels.
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the annual average percentage change in real gdp is 2.7%, and the annual average percentage change in velocity is 1.1%. sing the monetary rule discussed in the text, what percentage change in the money supply will keep prices stable (on average)?
In order to keep prices stable on average, the percentage change in the money supply should be 1.6%.
The monetary rule discussed in the text states that in order to keep prices stable (on average), the percentage change in the money supply should be equal to the sum of the percentage change in real GDP and the percentage change in velocity.
Using the given figures, we can calculate the required percentage change in the money supply:
Percentage Change in Money Supply = 2.7% + 1.1% = 1.6%
This means that the money supply should increase by 1.6% each year in order to maintain price stability.
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A ______ identifies the best media to use to deliver an advertising message to a targeted audience and is a subsection within a marketing communications plan.
A media plan identifies the best media to use to deliver an advertising message to a targeted audience and is a subsection within a marketing communications plan.
What is a media Plan?The audience that will be targeted, the channels that will be used, the timing, and the message will all be specified in a media plan. A set of advertising chances that target a certain audience and work with the company's marketing budget will come from an efficient media plan.
Why is a media plan important?Successful media planning entails that the company uses advertising to grow its clientele, boost its market share, increase consumer brand awareness, and solidify its reputation. Planning enables easy and cost-effective achievement of the brand's goals and identification of key crucial areas for promotional activities.
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the phillips curve forecast involves using as part of the y variable with unemployment and as parts of x variables
The Philips curve forecast involves using as part of the y variable with unemployment and as parts of x variables. This statement is true.
What is meant by Philips curve?The average association between wage behaviour and unemployment over the course of the business cycle was illustrated by Phillips' "curve." It displayed the rate of wage inflation that would occur if a specific unemployment rate maintained over an extended period of time. Phillips curve estimates were made quickly for the majority of industrialised economies.
The Phillips curve shows a consistent negative relationship between unemployment and inflation. According to William Phillips' theory, inflation follows economic expansion and should result in more jobs and lower unemployment.
= e h (u u N),h > 0. (1) Here, the inflation rate is, and the predicted inflation rate is e. Here, h is a constant positive coefficient and u is unemployment.
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When a partnership is insolvent and a partner has a deficit capital balance, that partner islegally required to:A. declare personal bankruptcy.B. initiate legal proceedings against the partnership.C. contribute cash to the partnership.D. deliver a note payable to the partnership with specific payment terms.E. None of the above. The partner has no legal responsibility to cover the capital deficitbalance.Answer: C. contribute cash to the partnership.
When a partnership is insolvent and a partner has a deficit capital balance, that partner islegally required to: contribute cash to the partnership.
What happens when a partner's capital balance is negative?A capital account deficit in your company indicates that you are taking more money out of the account than you are putting in. You would have a capital account deficit of $2,000, for instance, if you deposited $10,000 to your capital account during the fiscal quarter but used $12,000 from it.If a partner's capital account is in the negative, they must pay the partnership the negative sum.Such a capital shortfall when one partner is bankrupt is a loss to the remaining partners who are solvent.A partner is legally compelled to: provide funds to the partnership when a partnership becomes bankrupt and one of the partners has a deficit capital balance.To learn more about partnership refer to:
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In the context of affirmative action, opponents have raised concerns that giving preferential treatment to minority groups amounts to:
A) reverse discrimination against groups who do not get the same benefits.
B) adherence to the principle that all individuals are equal under the law.
C) a decrease in the educational opportunities provided to the minority groups.
D) giving equal importance to all individuals irrespective of their race or gender.
Bank assets, primarily bonds, loans, and leases, whose values are sensitive to fluctuations in interest rates; these assets are either repriced or revalued when interest rates fluctuate. Thus, the correct option is (A) reverse discrimination against groups who do not get the same benefits.
What is the difference between loans, and leases?Loan: Typically, rates are variable and dependent on the Prime Rate or another index, such as LIBOR. The monthly payout varies with the index. This is advantageous when interest rates are decreasing and unfavorable when interest rates are rising.
Lease: Unless the lease specifies otherwise, payments are usually fixed for the period of the lease. Constant payments make planning and cash flow management much easier.
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1. Internal links
Are limited since search engine bots do not follow these links to see what content is on the linked-to page
Are helpful because they can help search engines and visitors discover your new content
Are hurtful because they complicate site navigation and user experience
2. The practice of using positive messaging close to the desired click region is an element of
Credibility
Closing
Continuance
Both A and C
None of the above
Closing includes the practice of using positive messaging close to the desired click region, So option B is the correct answer.
What is the definition of closure on a website?The principle of closure describes an individual's proclivity to perceive segmented visual elements as complete or whole objects, even when information is missing. This principle is associated with logo design, but it can have an impact on other visual-design decisions involving icons and various page elements.Closing is the practice of using positive messaging close to the desired click region. Negatively charged words can sometimes prevent you from clicking.Accept the project deliverables, transfer operational and support responsibilities, keep a record of the lessons learned while working on the project, formalize the end, and project closure activities include getting the project sponsor and project manager to sign off.To learn more about closure refer to :
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the small business administration: lends exclusively to small business investment companies that in turn lend to small businesses makes only working capital loans lends to businesses with reasonable prospects of repayment but which cannot obtain credit through private channels makes loans at lower than market rates
Small business administration leads to businesses with reasonable prospects of repayment but which cannot obtain credit through private channels. Option C.
A term loan is one of the most common types of small business loans and is a lump sum payment of cash that is repaid over a period of time. Monthly payments are usually fixed and interest is added to the principal.
They offer short and long-term loan lines of credit cards and other small business debt options. to better manage expenses and business fluctuations. There are two basic types of financing available for small businesses debt financing and equity financing. Banks and other credit institutions are a common form of debt financing for small businesses.
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True or False: the three major activities in new-product development are to (1) generate new ideas, (2) screen and evaluate ideas, and (3) define and test product concept.
The given statement about major activities in new product development is False.
major activities in new product development are:
1. Identify potential product markets
2. Specify the market potential
3. expand the business possibility
Ideation, Feasibility, and Capability are the three stages that can generally be used to navigate the product development process.
Generally speaking, product development refers to all phases that go into creating a product, from concept or idea to market release and beyond. In other words, the complete path of a product is incorporated into product creation. There are numerous steps in this procedure, and every firm will follow a different course.
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When you look for the best mortgage, you should consider _____. the appraised value of the home and whether it is a fixed or variable rate the appraised value of the home and whether it is a fixed or variable rate the amount of down payment required, the loan period, the PMI, and property taxes the amount of down payment required, the loan period, the PMI, and property taxes the cost of homeowner’s insurance, interest rates, and amount of down payment required the cost of homeowner’s insurance, interest rates, and amount of down payment required the APR, loan period, and whether it is a fixed or variable rate the APR, loan period, and whether it is a fixed or variable rate
When you look for the best mortgage, you should consider credit score. Among other things, consider your ability to make a down payment, the size of the loan you require, and your repayment timeline.
What do you mean by Appraised value?In order to ensure that your financial lender is not extending an excessively big loan, your home's appraised value is the value that is assigned to it by a qualified real estate appraiser.
The borrower's credit score and report may be one of the main factors affecting a mortgage rate. Your borrowing history, including any late payments, inquiries, credit cards, or loans, is summarized in your credit score.
The credit score of the borrower is used by lenders to determine the loan amount. When determining a person's credit score, important factors like payment history and frequency of credit utilization are taken into account.
Therefore, Credit score is the correct option.
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because interest expense is tax deductible, levered firms can benefit from the: multiple choice tax shield from debt. depreciable basis. financing umbrella. current yield.
Because interest expense is tax deductible, leverage increases the total amount of income available to all investors. Levered businesses may profit from the tax break for debt.
What Is Tax Deductible Interest?A taxpayer may deduct interest paid on loans from their taxable income on their federal or state tax return. Mortgage interest for both first and second (home equity) mortgages, mortgage interest for investment properties, student loan interest, and the interest on various company loans, including business credit cards, are examples of interest types that are tax deductible.
Personal interest on vehicle loans, credit card, and other consumer finance products are not tax deductible.
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bug tracking softwareSystem developers use defect tracking software, sometimes called bug tracking software, to document and track program defects, code changes, and replacement code, called patches.
A thorough software program called a bug tracking software, often known as a defect tracker, maintains track of reported software bugs.
What exactly is a bug tracking program?Software used by quality assurance (QA) and software development teams to submit software bugs and issues is known as bug tracking software, sometimes known as issue tracking software. An effective bug tracking system is necessary for software development.
What is the price of bug tracking software?You may already be paying for issue tracking if you already have workflow, ALM, or project management software. Alternatives include a number of open-source and cost-free choices. Paid choices range in cost, but often cost $50 or less per month.
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_____ costs are the costs associated with changing from one choice, such as a brand, retailer, or service provider, to another.a. Switchingb. Transferc. Conversiond. Shillinge. Infiltrating
Switching costs are the costs associated with changing from one choice, such as a brand, retailer, or service provider, to another. Thus the correct option is A.
What is a Retailer?A retailer is referred to as a channel of distribution that purcahse goods from wholesalers in small amounts and sells them to customers. he is a direct link with customers so able to understand the demands taste and preferences towards products.
The expenditures a customer incurs when switching brands or products are referred to as switching costs. Switching costs are substantial because they enable businesses to sustain sales while also increasing brand recognition.
By decreasing the likelihood that a consumer will move to an alternative product rather than continuing with your brand, higher switching costs naturally reduce defection.
Therefore, option A is appropriate.
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a caesar cipher uses a plaintext character to compute two or more encrypted characters, and each encrypted character is computed using two or more plaintext characters.
When something is "appended," it is done so at the end of another thing. By opening a file in the "a" mode, you can add content to it. When we wish to add a new line to something, we can open it in "a" mode (append), then execute the write() method while supplying the content we want to append as an argument.
Describe an example of plaintext.
Email messages that merely contain text, for instance, are known as plaintext emails. Plaintext communications are frequently used in marketing emails since HTML-encoded messages and messages with additional binary components are frequently blocked by spam-filtering software.
What are ciphertext and plaintext?
It is in plaintext if you can understand what is written. Ciphertext, often known as encrypted text, is a collection of randomly generated letters and numbers that are incomprehensible to humans. A plaintext message is input into an encryption algorithm, which then processes the plaintext to create ciphertext.
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arguments for the activist approach toward social responsibility of organizations include that it is management's responsibility to earn profits for owners, that potential conflicts of interest occur when managers must meet profit goals and simultaneously enhance social welfare, and that businesses lack the expertise to manage social problems.
Corporate social responsibility (CSR), also referred to as social responsibility in business, is the practice of individuals and organizations acting morally and conducting business while being mindful of social, cultural, economic, and environmental concerns.
Explanation:An organization's social obligations are those duties that the organization owes to society.
When a company participates in social activities, such as the Walk for Life, awards scholarships, hosts sporting events, and many others, it just raises public knowledge of the company; it does not give the company any new authority over the general populace or another company. Instead, it improved the quality of the participants' lives. Therefore, the notion that commercial involvement in social initiatives results in an overabundance of power cannot be used to discredit social organizations.
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FILL IN THE BLANK ________ teams have been found to have a positive effect on productivity and attitudes of control, yet no impact on job satisfaction or organizational commitment.
Project
Cross-functional
Work
Self-managed
Virtual
Self-managed teams have been found to have a positive effect on productivity and attitudes of control, yet no impact on job satisfaction or organizational commitment (Option 4).
What are self-managed teams?Self-managed teams are different organizational groups in which the individuals that form part of the institution are able to take decisions on their own, which has positive outcomes in terms of productivity and also the ability to handle different situations.
Therefore, with this data, we can see that self-managed teams are positive in the way that they can manage different situations and it increases productivity.
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when machine-hours are used as an overhead cost-allocation base, the most likely cause of a favorable variable overhead spending variance is . question 18 options: the production scheduler efficiently scheduled jobs strengthened demand for the product a decline in the cost of energy excessive machine breakdowns
a decline in the cost of energy excessive ,machine breakdowns a decline in the cost of energy.
What is fixed overhead budget?The fixed overhead budget variance is also known as the fixed overhead spending variance. Fixed overhead costs are the indirect manufacturing costs that are not expected to change when the volume of activity changes.
What comes under fixed budget?A fixed (static) budget presents budgeted amounts at the expected capacity level. It is best used when the department's activities (e.g., sales) are stable. A deficiency with the static budget is the lack of flexibility to adjust to unexpected changes.
How is static budget calculated?To calculate a static budget variance, simply subtract the actual spend from the planned budget for each line item over the given time period. Divide by the original budget to calculate the percentage variance
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which of the following is true when comparing yield measures for money market instruments to yield measures for longer-term bond market yield measures? group of answer choices money market yield measures are derived from discount interest quotations, while bond market yield measures are derived from add-on interest. money market yield measures are based on simple interest, while bond market yield measures are based on compound interest. money market yield measures have a periodicity of one by design, while bond market yield measures have a periodicity that varies with coupon payment frequency.
The interest rate obtained from investing in assets with high liquidity and short maturities, such as negotiable certificates of deposit, U.S. Treasury bills, and municipal notes, is known as the money market yield.
What Is the Money Market Yield?The money market yield is derived by multiplying the holding period yield by a 360-day bank year divided by the number of days till maturity. It can also be calculated using a bank discount yield.Bond equivalent yield and CD-equivalent yield are closely related to the money market yield (BEY).Investors anticipate receiving a return on their investment from money market instruments, or the money market yield.The money market entails the buying and selling of substantial quantities of very short-term debt instruments, including overnight reserves or commercial paper.A person can make an investment in the money market by buying a money market mutual fund, purchasing a Treasury bill, or by opening a money market account at a bank.
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In long-run equilibrium in a competitive market, firms are operating at a. the minimum of their average-total-cost curves. b. the intersection of marginal cost and marginal revenue. c. their efficient scale.
d. zero economic profit. e. all of the above.
In long-run equilibrium in a competitive market, firms are operating at: e. all of the above
What is competitive market?A competitive market is market where there are a huge number of sellers and buyers where no individual buyer or seller can affect the price of goods being sold. A competitive market can occasionally be called perfect competition. In a competitive market, no one leads the market and there isn't a difference in quality, price or amount between the rival companies and what they offer.
One of the most important things to learn about competitive markets is the fact that they are theoretical and not actual fact. There are markets that has one of the requirements and characteristics of competitive market, or perfect competition, but still nothing actually fits them all.
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in order to avoid losing public support, president nixon informed the american people of his decision to begin bombing cambodia before launching the bombings
On April 30, 1970, President Richard Nixon informed the American people of his decision to begin bombing Cambodia in order to disrupt the supply routes of North Vietnamese forces.
In making this announcement, Nixon sought to avoid losing public support for the Vietnam War. He wanted to ensure that the American people were fully informed of the actions he was taking in the war effort. Nixon argued that the Cambodian bombings would help to protect the lives of American soldiers and those of South Vietnam. He also warned that failure to take this action would result in an increased risk of the conflict spreading to other countries in the region. Nixon was keenly aware that the public had grown increasingly war-weary over the course of the Vietnam War, and he wanted to ensure that his decision to bomb Cambodia would not further erode public support for the war effort.
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The curve has a positive slope because as prices of final goods and services rise, prices of inputs rise more slowly. A) short-run aggregate demand B) short-run aggregate supply C) long-run aggregate supply D) long-run aggregate demand
The curve has a positive slope because as prices of final goods and services rise, prices of inputs rise more slowly is short-run aggregate supply.
Why does the short-term aggregate supply curve have a positive slope?Given that certain nominal input prices are fixed and that more manufacturing processes get bottlenecked as output increases, the aggregate supply curve is upward sloping in the near run. Low levels of demand allow for output to be expanded without experiencing diminishing returns and an increase in the average price level.
Which curve for total supply has a positive slope?The upward-sloping aggregate supply curve, sometimes referred to as the short run aggregate supply curve, demonstrates the favorable short-term link between price level and real GDP.
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Which of the following statements is most correct?
a) Regulations in the United States prohibit acquiring firms from using common stock to purchase another firm.
b) Regulations in the United States require acquiring firms to use common stock to purchase another firm.
c) Hostile mergers always create value for the acquiring firm.
d) A conglomerate merger is one where a firm combines with another firm in the same industry
e) None of the above
None of the above is the most correct statement. The correct answer should be Defensive mergers aim to reduce a company's susceptibility to an acquisition.
a scenario in which one business joins forces with another in an effort to prevent a third business from acquiring it: The takeover bid has compelled them into a defensive merger with their biggest rival.
Defensive acquisitions are a type of corporate finance strategy in which businesses buy other businesses and assets to "defend" themselves from market downturns or potential takeovers. The typical motivation for an acquisition, which is typically increased market share or revenue, contrasts with a defensive acquisition.
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Acme Manufacturing is considering a project that requires an investment in new equipment of $4,000,000, with an additional $200,000 in shipping and installation costs. Acme estimates that its accounts receivable and inventories need to increase by $800,000 to support the new project, some of which is financed by a $320,000 increase in spontaneous liabilities (AP and accruals).The total cost of acme's new equipment is _______ and consists of the price of the equipment plus the ____. In contrast, acme's initial investment outlay is ______.
If Acme Manufacturing is considering a project that requires an investment in new equipment of $4,000,000, The total cost of acme's new equipment is $4,680,000 and consists of the price of the equipment plus the assets' installation, shipping, and delivery costs. In contrast, acme's initial investment outlay is $4,200,000.
How to find the total cost and the initial investment outlay?a. Total cost
Using this formula to find the total cost
Total cost = New equipment + Additional shipping + ( Increase in account receivable - Increase in spontaneous liabilities)
Let plug in the formula
Total cost = $4,000,000 + $200,000 + ($800,000 - $320,000)
Total cost = $4,000,000 + $200,000 + $480,000
Total cost = $4,680,000
b. Initial investment outlay
Initial investment outlay = $4,000,000 + $200,000
Initial investment outlay = $4,200,000
Therefore the total cost of acme's new equipment is $4,680,000 and the acme's initial investment outlay is $4,200,000.
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according to the u.s. federal trade commission, country of brand and country of design are required to be displayed for all textile and apparel products.
According to US federal trade commission, the country of brand and country of design should display 60% cotton and 40% polyester for all textile and apparel products.
With some exclusions regarding banks, insurance corporations, non-profits, transportation, and communications common carriers, air carriers, and some other entities, the Federal Trade Commission enforces a variety of antitrust and consumer protection laws affecting almost every sector of trade.
Materials comprised of natural, synthetic, or a combination of both fibers, thin threads, or filaments are known as textiles. There is a huge range of textile fiber types accessible, and they can be divided into natural (organic) fibers and man-made (synthetic, industrial) fibers.
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The income statement and selected balance sheet information for Calendars Incorporated for the year ended December 31 are presented below.
Income Statement
Sales Revenue $ 86,000
Expenses: Cost of Goods Sold 40,000
Depreciation Expense 16,800
Salaries and Wages Expense 10,800
Rent Expense 3,300
Insurance Expense 1,700
Interest Expense 1,600
Utilities Expense 1,400
Net Income $ 10,400Selected Balance Sheet Accounts
Ending Balances Beginning Balances
Inventory $ 445 $ 520
Accounts Receivable 2,200 1,820
Accounts Payable 1,280 1,460
Salaries and Wages Payable 530 290
Utilities Payable 120 0
Prepaid Rent 70 110
Prepaid Insurance 60 70Required:
Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. (Amounts to be deducted should be indicated by a minus sign.)
CALENDARS INCORPORATED
Statement of Cash Flows (Partial)
For the Year Ended December 31
Cash Flows from Operating Activities: Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Changes in Current Assets and Current Liabilities 0
$0
CALENDARS INCORPORATED Statement of Cash Flows (Partial) For the year ended December 31 Cash flow from operating activities.
What is statement cash flow?
Having a high degree of cash conversion flexibility, cash equivalents are short-term assets. They include, among other things, the balances in savings and money market accounts, short-term CDs, and short-term government securities (e.g., treasury bills). Short-term commercial paper is another illustration of an alternative to cash (negotiable notes receivable issued by other companies).
On the balance sheet, you can show cash and cash equivalents together or separately. Some companies combine cash with short-term investments in marketable stock instruments. Effective financial management invests any surplus in cash equivalents, leaving very little cash on hand in the actual world. The distinction between cash and cash equivalents tends to lose significance with the availability of highly liquid assets.
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Which of the following is a typical amount of petty cash a small business would want to keep on hand
Small businesses keep between $100 and $200 in petty cash to pay for unexpected expenses.
What do you mean by Petty cash?Petty cash is the amount any business or company keeps on hand to make purchases, small payments, and reimbursements.
Petty cash is an amount stored in a petty cash drawer, where it is most needed. A separate accounting system is used to track petty cash transactions. The maximum amount of cash held by a department or office to pay for incidental expenses will not exceed $500.
There are two types of petty cash books:
1. Imprest petty cash book.
2. Columnar or Analytical petty cash book.
Therefore, A typical amount of petty cash a small business would want to keep on hand is between $100 and $200.
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Which of the following monetary and fiscal policy combinations would definitely cause a decrease in aggregate demand in the short run
Contractionary fiscal policy refers to the use of fiscal tools to constrict the economy by lowering aggregate demand, which will result in lower output, increased unemployment, and a lower price level. Booms are fixed through contractionary fiscal policy.
What fiscal policy decreases aggregate demand?Consider a scenario where the government wants to stop a growth or reverse a recession. Its specific objectives would be to bring the economy back to full employment or to manage inflation, as appropriate. They may be able to accomplish their objectives with the aid of fiscal policy.Government expenditure and taxes (or transfers, which act as "negative taxes") are the tools of fiscal policy. Expansionary fiscal policy is used to close output gaps because you want to grow an economy that is generating too little (recessions). Expanding fiscal policy involves either raising taxes or cutting spending.A surplus-producing economy needs to be reduced. The best course of action in that situation would be to implement a contractionary fiscal policy, which would entail either raising taxes or reducing government spending.As an illustration, if Burginville is going through a recession, the government may issue tax refunds to everyone (an example of expansionary fiscal policy). What will transpire is as follows: An increase in discretionary income results from the tax refund. Consumption rises as a result of higher disposable income, and consumption rises as a result of higher aggregate demand. Gains in output and a decline in unemployment result from rising aggregate demand. Because of the decline in unemployment and the rise in output, inflation will rise as a result.To Learn more About Contractionary fiscal policy refer to:
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supply chain systems manage the flow of products through distribution centers and warehouses to ensure that products are delivered to the right locations in the most efficient manner.
Supply chain execution system manage the flow of products through distribution centers and warehouses to ensure that products are delivered to the right locations in the most efficient manner.
What do you mean by Warehouse?A warehouse is a type of commercial building used extensively in the manufacturing and distribution sectors to store both finished items and raw materials as part of the supply chain.
Supply chain management is the control of flows. Any supply chain has five main flows: the flow of goods, the flow of money, the flow of information, the flow of value, and the flow of risk. The movement of items from a supplier to a client, as well as any customer returns or service requirements, are all included in the product flow.
Demand forecasting, often known as prediction, is a procedure used in supply chain management to make sure that products can be delivered and please customers. Striking a balance between having enough inventory to meet consumer demand without having an excess is the objective.
Therefore, Supply chain execution system is the correct answer.
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The assessment center technique for selecting employees is ideal for small firms because such centers involve limited expense. T/F
Candidates are evaluated in assessment center to see if they are qualified for particular jobs, particularly management or military command. Techniques used to evaluate candidates'
personalities and aptitudes include group exercises, presentations, exams, and psychometric testing. Assessment center, which were developed during World War II to choose officers, are still widely employed in today's military recruitment. Examples include the British Army's War Office Selection Board and the Royal Navy's Admiralty Interview Board. [2] Except for a little amount of internal use by the CIA during intelligence gathering operations during World War 2, the OSS model of assessment center was essentially abandoned in the United States. Australians who were identified as participants and the British Civil Service Selection Board continued to utilize it for selection.
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A delivery service places packages into large containers before flying them across the country. These filled containers vary greatly in their weight. Suppose the delivery service's airplanes always transport two such containers on each flight. The two containers are chosen so their combined weight is close to, but does not exceed, a specified weight limit. A random sample of flights with these containers is taken, and the weight of each of the two containers on each selected flight is recorded. The weights of the two containers on the same flight (a) will have a correlation of 0 (b) will have a negative correlation (c) will have a positive correlation that is less than 1 (d) will have a correlation of 1 (e) cannot be determined from the information given
Weights of the two containers on the same flight will have a negative correlation." So, the correct option is (b) will have a negative correlation.
A negative correlation may be a relationship between two factors in which an increment in one variable is related to a decline in the other. The perfect negative linear correlation between two variables is indicated by a correlation coefficient of 1 or -1.
The correlation coefficient between the weights of the two containers will be less than 1 because there is some variation in the weights of the containers.
The two containers are regularly chosen so that their add up to weight is near to, but does not exceed the stipulated weight confinement. The suggestion is that if one container is heavier than normal, the other one must too be lighter.
Therefore, the weight of two containers on the same flight will have a negative correlation. Option b. is correct.
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