o increase efficiency, rdc subcontracts its payroll operations to paycorp. this is an example of a.six sigma. b.collusion. c.acceptance sampling. d.benchmarking. e.outsourcing.
Answers
The correct answer is Option e. The decision by RDC to subcontract its payroll operations to Paycorp is an example of outsourcing.
Outsourcing is the practice of hiring an external company to perform a business function or service that is typically done in-house. It is often done in order to increase efficiency and reduce costs by taking advantage of specialized expertise or economies of scale.
In this case, RDC has decided to subcontract its payroll operations to Paycorp, which is a company that specializes in payroll services. By outsourcing its payroll operations to Paycorp, RDC is able to take advantage of Paycorp's expertise in payroll and potentially reduce costs by not having to manage the payroll function in-house.
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Related Questions
Which of the following is NOT given as an example of research related to the intrapersonal context? A suspicion B father-daughter relationships C motivation of D business executives relationship dissolution
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The intrapersonal context refers to the inner psychological processes and experiences that occur within an individual.
It focuses on understanding thoughts, emotions, beliefs, motivations, and self-perception within oneself. Intrapersonal research investigates how individuals think, feel, and behave within their own minds and how these internal processes influence their overall well-being and behavior.
Motivation is a psychological construct that can be studied within the intrapersonal context.Relationship dissolution is the process of ending a relationship, which can also be studied within the intrapersonal context.
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Your friend is thinking of hiring a financial planner to help him manage his portfolio. What should he be on the lookout for? Why?
Answers
Answer:
You should look for How much money should I invest and where? What is my current net worth? Can I afford to retire? How do I invest to achieve my short and long-term life goals? How much money do I need and when? You should ask these questions because they are important to consider when your going to hire someone in the financial business.
Explanation:
However, these may not be what most people ask when they are going to hire a financial planner. This is just what I would question them and myself about.
Costs assigned to units of product under absorption costing include: a. fixed manufacturing
b. variable manufacturing
c. variable nonmanufacturing
d. fixed nonmanufacturing
Answers
Absorption costing is a method of costing whereby all manufacturing costs (both variable and fixed costs) are assigned to products. It is called absorption costing because it absorbs all manufacturing costs into the cost of a unit of product.
The costs assigned to units of product under absorption costing include:a. Fixed manufacturing cost: This includes the fixed costs incurred in the production process, such as rent, salaries, property taxes, and depreciation of equipment.b. Variable manufacturing cost: This includes the variable costs incurred in the production process, such as direct materials, direct labor, and indirect manufacturing costs such as electricity and maintenance.
Fixed nonmanufacturing cost: This includes the fixed costs incurred outside the production process, such as administrative salaries, rent, and utilities.Absorption costing helps companies determine the full cost of producing a product. It is often used for financial reporting purposes, as it provides a more accurate picture of the cost of goods sold and the value of inventory on hand.
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I don’t understand this and need help
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Preparing ethics training for global organizations is ________ than preparing training for U.S. employees.
A) more complicated
B) less complicated
C) no different
D) None of the above
Answers
Preparing ethics training for global organizations is more complicated than preparing training for U.S. employees. What is Ethics? Ethics are the moral principles that govern an individual or group's behavior. The business environment has changed dramatically, and it has evolved into a more global one.
As a result, businesses are now faced with a host of ethical problems that they must deal with in order to be successful. The need for ethics training in global businesses has risen dramatically over the years. Preparing ethics training for global organizations is more complicated than preparing training for U.S. employees because there are a number of considerations to be made. When training employees in the United States, the laws and regulations governing ethics are well-defined and can be easily conveyed to employees.
However, when it comes to international ethics training, there are various cultural and linguistic variations to consider, as well as the fact that various countries have different ethical codes to follow. Additionally, it's critical to consider how to translate the ethics training materials into various languages to ensure that everyone understands them.The various time zones in which employees operate are another challenge to consider in global ethics training. As a result, conducting in-person training for all employees is impossible in most circumstances, and the training must be conducted online or through other remote methods. In conclusion, preparing ethics training for global organizations is more complicated than preparing training for U.S. employees.
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What should you not do during a hostage rescue attempt?
Answers
Answer:
1) Remain still and low to the ground. 2) Encourage others around you to remain calm.
I D K
Explanation:
Avoid attempting to negotiate or offer advice. Hostage takers occasionally force hostages to make requests. If this occurs, say what they want you to say, avoid making your hostage captors angry, and avoid attempting to play the hero.
What do you mean by Hostage?A person who has been forcibly and illegally taken prisoner is known as a hostage. The hostage-takers seek to make claims against other parties, which is why they are keeping, and occasionally even threatening, the captive. It is against the law to take hostages.
Hostage killing was listed as a war crime in the International Military Tribunal Statute on August 8, 1945.
The execution of hostages by German troops in the occupied territories was categorized as clearly excessive due to their excessive tendencies war crimes an in the trial against the generals in south-eastern Europe.
The court described the shooting of hostages as barbaric but legal reprisals under international law. The Geneva Convention for the Protection of Civilian Persons in Time of War of 1949.
People have historically been held as hostages and forced to live there by the opposing party to enforce a contract.
They were frequently the sons of honorable tributary state representatives, who were frequently treated with respect and raised in the host nation. Attila and Theodoric the Great are two prominent examples.
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How is it best to get rid of information you receive in the mail?
A Tear the mail in half and place each half in a different trash bag
B Just throw it way, thieves don't dig through trash
C Use a shredder before placing it in the trash
D Mark out all personal information with a marker
Answers
Susan has three credit cards - 1) an Old Navy card she got her last year of high school and now doesn't use that much, 2) a Visa card she got while in college and pays an $50 annual fee for benefits she doesn't use that much, and 3) a Mastercard she opened last month which has no annual fees. Susan has decided that she only needs two credit cards, which one should she get rid of
Answers
Answer: Visa card
Explanation:
Since Susan has decided that she only needs two credit cards, then she should keep the old Navy card she got her last year of high school and the Mastercard that she opened last month which has no annual fee.
In this case, since she doesn't use the Visa card that she got while in college and th e card pays an $50 annual fee for benefits that she doesn't use that much, thus means that the card isn't beneficial to her. Therefore, she should get rid of the Visa card.
Company A is raising $1 million at its initial public offering (IPO) by issuing 2,000 shares of stock?
Answers
The value of each share if you calculate it as $1,000,000/2,000 =500.
What is stock?A stock is referred to as a kind of ownership of certain items. When an individual holds stocks or shares in the market they are entitled as a stockholder or shareholder and liable for some dividend.
The process of announcing new shares of stock to the people for the first time in a private company is known as an initial public offering (IPO). An IPO allows a company to request equity capital from the general public.
The business has grown as a pre-IPO private company with a very small number of proprietors who own the stock in the company.
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The complete question is Probably
Company A is raising $1 million at its initial public offering (IPO) by issuing 2,000 shares of stock. What is the value of each share if you calculate it as $1,000,000/2,000 =
Suppose that total demand for refrigerators at the market price is 15,000 units. If the LRAC curve reaches a clear minimum average cost at 5,000 units, then the industry structure must be
Answers
The industry structure must be a monopoly. A perfectly competitive and monopolistic company earns 0 profit in case of the long run.
What do you mean by Monopoly market?
Monopoly, as described by Irving Fisher monopoly., is a “non-competitive” market, which creates a situation where a person or business is the sole supplier of something.
To increase profits the company produces that number MR = MC. Build a completely competitive company P = MR.
Therefore, If the LRAC curve reaches a clear minimum average cost at 5,000 units, then the industry structure must be a monopoly. This is the correct answer.
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wheeler company can produce a product that incurs the following costs per unit: direct materials, $10.50; direct labor, $24.50, and overhead, $16.50. an outside supplier has offered to sell the product to wheeler for $47.60. if wheeler buys from the supplier, it will still incur 40% of its overhead cost. compute the net incremental cost or savings of buying.
Answers
To compute the net incremental cost or savings of buying from the supplier, we need to compare the costs of producing the product internally with the costs of buying it from the outside supplier.
Internal production cost per unit:
Direct materials: $10.50
Direct labor: $24.50
Overhead: $16.50 (60% of the total overhead cost, as Wheeler will still incur 40% of its overhead cost if it buys from the supplier)
Total internal production cost per unit:
$10.50 + $24.50 + $16.50 = $51.50
Cost of buying from the supplier:
$47.60
Net incremental cost or savings:
Internal production cost per unit - Cost of buying from the supplier
$51.50 - $47.60 = $3.90 (incremental cost)
Therefore, the net incremental cost of buying from the supplier is $3.90 per unit.
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The result is -$2.70 per unit. This means that Wheeler would have a net savings of $2.70 per unit by buying from the outside supplier instead of producing internally.
To compute the net incremental cost or savings of buying from the outside supplier, we need to compare the total cost of producing the product internally with the cost of buying from the supplier.
Total cost of producing internally:
Direct materials: $10.50 per unit
Direct labor: $24.50 per unit
Overhead: $16.50 per unit
Total cost of producing internally per unit = $10.50 + $24.50 + $16.50 = $51.50 per unit
If Wheeler buys from the supplier, it will still incur 40% of its overhead cost. Therefore, the overhead cost per unit when buying from the supplier is:
Overhead cost per unit = 40% of $16.50 = $6.60 per unit
Total cost per unit when buying from the supplier = Cost per unit from the supplier + Overhead cost per unit when buying
= $47.60 + $6.60
= $54.20 per unit
To compute the net incremental cost or savings, we subtract the cost of buying from the total cost of producing internally:
Net incremental cost or savings = Total cost of producing internally per unit - Total cost per unit when buying from the supplier
= $51.50 - $54.20
= -$2.70
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2.
What is selling? How can you apply this in your real life as a student?
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Harvey rents his second home. During the year, Harvey reported a net loss of $50,500 from the rental. If Harvey is an active participant in the rental and his AGI is $89,600, how much of the loss can he deduct against ordinary income for the year
Answers
Harvey can deduct up to $25,000 of the rental loss against ordinary income for the year.The $50,500 rental loss must be reduced by any passive activity losses (PALs) that Harvey may have.
If Harvey does not have any PALs, he can deduct the full $25,000 rental loss against his ordinary income. However, if he has PALs, the deduction will be reduced by the amount of the PALs.In this case, we are not given any information about PALs, so we can assume that Harvey does not have any. Since his AGI is $89,600, which is below the $100,000 threshold, he can deduct up to the full $25,000 against ordinary income. Therefore, Harvey can deduct $25,000 of the $50,500 rental loss against his ordinary income for the year, and the remaining $25,500 can be carried forward to future years.
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The government imposes an excise tax on fuel. The fuel tax incidence takes place within a market where the price elasticity of supply of fuel is 0 and the price elasticity of demand for fuel is infinite. The excise tax is paid by the
Answers
The excise tax on fuel is paid by the consumers.
In this scenario, the price elasticity of supply of fuel is 0, which means that the quantity supplied of fuel does not respond to changes in price. The price elasticity of demand for fuel is infinite, indicating that consumers are highly sensitive to changes in price, and even a small increase in price would lead to a significant decrease in quantity demanded.
When an excise tax is imposed on fuel, it effectively increases the price that consumers have to pay for fuel. Since consumers have an infinite price elasticity of demand, they will bear the full burden of the tax. The tax incidence falls entirely on the consumers as they absorb the increase in price and end up paying more for the fuel.
Therefore, the excise tax on fuel is ultimately paid by the consumers in this market scenario.
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You learned about the various types of information systems that revolve around the different data, knowledge, information, and decision-making activities at different levels in the organization. In this activity, identify and explain any three types of information systems related to specific functional areas of business that this lesson hasn’t mentioned.
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An information system is a coordinated group of parts used to gather, store, and process data as well as to deliver knowledge, information, and digital goods. Information systems include the following, decision support system, transaction processing system, management information system.
Types of information systems includeDecision support system: A decision support system is an information system that analyzes business data and other information relevant to the firm.
Transaction processing system: The process of collecting, modifying, and retrieving transactions is automated by the transaction processing system. This type of information system's particular characteristic is that it improves the efficiency, dependability, and consistency of commercial transactions.
Management information system: The management information system helps managers. such as measuring and analyzing business performance, making choices, creating a business plan, and establishing processes. By examining the roles and duties, it also gives managers feedback.
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1. What could Ray Kroc have done better when originally going into business with the McDonald brothers?
2. What mistakes did Ray Kroc make when originally selling his franchises?
Answers
It is on history that the Mcdonald's brothers were cheated by Ray Kroc. This perhaps was one of the very few flaws in his beginning as he build the Mcdonald's franchise. He could have grown with them or at least "fought" fairly.
The mistake Ray Kroc did when he originally started selling his franchise is that the system was set up to be an unprofitable business.
How did Ray Kroc solve the above problem?Ray built his first McDonald's in the Chicago neighborhood of Des Plaines in April 1955. He utilized the immaculately clean and efficient restaurant to sell McDonald's franchises to the rest of the country.
Ray would receive 1.9 percent of gross sales for each franchise he sold. He would give the McDonalds a half-share of it. Kroc sold 18 franchises in his first year in operation, but was surprised to see that he was barely making enough money to pay his expenditures.
In his rush to obtain the rights to the Mcdonald's processes, he had made them an unbeatable offer. Unfortunately, he was unable to profit from the transaction.
Then Kroc met Harry Sonnenborne, a financial genius who taught Kroc how to earn money by selling real estate rather than hamburgers. Kroc established a business to buy or lease the property on which all McDonald's restaurants would be built under Sonnenborne's design.
Franchisees then paid Kroc a fixed monthly fee or a percentage of their sales, whichever was larger. Kroc has assured a profit by controlling the property on which the franchises were built rather than merely the franchisees themselves. With his real-estate strategy in place, Kroc went out to achieve his aim of building 1,000 McDonald's around the country.
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What could happen when requesting an interview if a job applicant hadn't prepared a 30-
Second Commercial?
Answers
Question 4
Not-for-profit organizations are?
Answers
Not-for-profit is a broad term for organizations that do not generate profit for their owners. All money generated by the not-for-profit business must be reinvested back into running it. Unlike nonprofits, not-for-profits are not required to operate specifically for the benefit of the public or the advancement of a social cause. A not-for-profit can simply operate to serve the goals or special interests of its members. For example, recreational sports clubs can operate as a not-for-profit.
Decision-making problems that could occur when using absorption costing include inappropriate ______ decisions, and decisions made to ______ products that are, in fact, profitable.
Answers
Decision-making problems that could occur when using absorption costing include inappropriate __pricing____ decisions, and decisions made to ___drop___ products that are, in fact, profitable.
What is absorption costing?Absorption costing is the costing method that includes both direct and indirect costs in the costs of a product.
It is the opposite of variable or marginal costing, which takes into account only the direct costs in determining the product cost.
Thus, the decision-making problems with absorption costing include pricing decisions and decisions involving whether to drop profitable products.
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An individual with $100,000 to invest will require these funds in six months for the purchase of a house. In which of the following circumstances did the agent act correctly?A) The agent convinced the client to invest in an IPO on the basis of its high growth prospects.B) The agent convinced the client to invest in a real estate partnership as a hedge against the rise of real estate values until the client purchases the house.C) The agent convinced the client to invest in a Treasury bill on the basis of its safety.D) The agent convinced the client to purchase a $100,000 lump sum annuity on the basis of its security and backing by an insurance company.
Answers
The agent acted correctly in circumstance C). The agent convinced the client to invest in a Treasury bill on the basis of its safety.
Given that the client requires the funds in six months for the purchase of a house, investing in an IPO (circumstance A) or a real estate partnership (circumstance B) would carry higher levels of risk and uncertainty. These investments may not be suitable for short-term financial goals. On the other hand, investing in a Treasury bill (circumstance C) would be a more appropriate choice due to its lower risk profile and short-term nature. Treasury bills are considered relatively safe investments as they are backed by the government.
Purchasing a $100,000 lump sum annuity (circumstance D) may not be the most suitable option either, as annuities are generally designed for long-term retirement planning and may not align with the client's short-term goal of purchasing a house.
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If your answer is zero, enter "O". a. Under a 2017 divorce agreement, Joan is required to pay her ex-husband, Bill, $2,340 a month until their daughter is 18 years of age. At that time, the required payments are reduced to $1,638 per month 1. How much of each $2,340 payment may be deducted as alimony by Joan? 2. How much of each $2,340 payment must be included in Bill's taxable income? 3. How much would be deductible/included if the divorce agreement were dated 2019? b. Under the terms of a property settlement executed during 2018, Jane transferred property worth $577,350 to her ex-husband, Tom. The property has a tax basis to Jane of $461,880 1. How much taxable gain must be recognized by Jane at the time of the transfer? 2. What is the amount of Tom's tax basis in the property he received from Jane?
Answers
Answer:
$2,400 in 2019 are deductible as alimony.
Step-by-step explanation:
Hillary get divorced in the year = 2016
She has to pay her ex-spouse $200 per month until her son reaches 18 years of age in 7 years.
His son will reach of the age of 18 = 2016 + 7 = 2023
She has to pay $200 till 2023 and $120 thereafter.
Her payments are deductible as alimony in 2019 would be = $200 × 12
= $2,400
$2,400 in 2019 are deductible as alimony.
$2,400 in 2019 are deductible as alimony.
Hillary get divorced in the year = 2016
She has to pay her ex-spouse $200 per month until her son reaches 18 years of age in 7 years.
His son will reach of the age of 18 = 2016 + 7 = 2023
She has to pay $200 till 2023 and $120 thereafter.
Her payments are deductible as alimony in 2019 would be = $200 × 12 = $2,400
What is an alimony?Alimony is a legal obligation on a person to provide financial support to their spouse before or after marital separation or divorce. The obligation arises from the divorce law or family law of each country. The purpose of alimony is to limit any unfair economic effects of a divorce by providing a continuing income to a non-wage-earning or lower-wage-earning spouse.
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Which of the following is vitally important to a meaningful work experience? Question 32 options: A) Promotion opportunities. B) Teaching other team members tasks. C) Recognizing individuals for their contribution to the team. D) Shortening the learning curve for new activities. E) Having a successful outcome
Answers
The factor that is vitally important for a meaningful work experience is C) Recognizing individuals for their contribution to the team.
What is a meaningful work experience?A meaningful work experience is an experience that an employee gets from her workplace based on many factors, including:
Employee recognitionPromotion opportunitiesTeam membershipSuccessful outcomes.However, having workplace recognition is a major factor that inspires and boosts employee morale, improves self-confidence, and team achievement.
Thus, the factor that is vitally important for a meaningful work experience is Option C.
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outline 4 reasons why most developing countries rely on extractive levels of production
Answers
Explanation:
The World Bank helps developing countries manage their natural resource wealth responsibly and sustainably, in a way that contributes to sustainable growth and development, protects communities and reduces carbon emissions.
ACTUAL EXPLANATIONS ONLY PLEASE // You project revenue to start at $5,000 for the first month and grow by $200 each month thereafter. You project expenses
to begin at $7,000 per month and grow by $50 per month. In what month will you break even (revenue equal to expenses)?
Answers
Answer:
13.33
Explanation:
We have to write 2 equations to set equal to each other.
The first one will look like this:
200x + 5,000
The x will go with the 200 because the project revenue grows by $200 each month thereafter the start of $5,000.
The second equation will look like this:
50x + 7,000
The project begins at $7,000 and grows by $50 every month so the x will go with the 50.
Now, set them equal to each other
200x + 5,000 = 50x + 7,000
Solve
150x + 5,000 = 7,000
150x = 2,000
x = 13.333
Therefore, in the thirteenth month the project will breakeven.
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select all that apply a company received $600 for services previously billed. this transaction would be recorded with:
Answers
For services that were previously billed, a business received $600. A debit would be made from cash and a credit would be made from accounts receivable for this transaction.
What is transaction?An agreement between a buyer and a seller to trade products, services, or assets in exchange for money is referred to as a financial transaction. Each transaction involves a shift in the financial standing of two or more businesses or people. An agreement that has been fulfilled between a buyer and a seller to trade goods, services, or financial assets in exchange for cash is referred to as a transaction. In corporate accounting, the phrase is also frequently used.The following are a few examples of transactions: paying a supplier after receiving products or services from them. acquiring ownership of a property the seller previously owned by paying the seller with cash and a note. remuneration for hours done.To learn more about transaction, refer to:
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Question 3 of 10
What should a country that wants to increase its comparative advantage
when trading with another country try to do?
A. Lower the opportunity cost of producing the goods it trades
B. Produce more of a valuable good than the other country
C. Reduce its trade deficit with all of its other trading partners
D. Raise the price of its exports to generate more capital
Answers
Ans
its a
Explanation:
Absolute Advantage means to deliver more goods while comparative is the capacity to reduce opportunity costs more than a contender.
What do you understand by comparative and absolute advantage?Absolute Advantage: The capacity to deliver even more of a good or service than a contender. Comparative Advantage: The capacity to produce at a lower opportunity cost than a contender.
Comparative advantage means reducing the opportunity cost of producing the goods.
Therefore, option A aptly describes the Comparative Advantage.
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The saving component of financial planning focuses on long-term security and includes:
A- A realistic budget for your current financial situation
B- Minimizing transportation expenses through careful planning
C- A regular savings plan for emergencies
D- A current will
E- Bankruptcy counseling
Answers
The saving component of financial planning focuses on long-term security and includes:
A realistic budget for your current financial situation; a regular savings plan for emergencies.
Therefore, the answer is options A and C.
What are the components of financial planning?There are five components of financial planning that are important:
Assessment of current financial statusPlan developmentEstablishing objectivesExecuting plansMonitor and reviewThe following are some examples of long-term financial objectives, according to financial planning experts:
Building an emergency fundAcquiring your own houseRetirement planningInvesting in stocks or other securitiesA college education for childrenSavings for children's marriagesSavings for a vacation or an extensive trip to a different countrySavings for a vehicle or another significant purchase, like a new home or a carLearn more about financial planning at
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Sam has an investment of $200 that is expected to earn 10%. How much will the investment be worth at the end of the first year if the investment earns simple interest
Answers
Answer:
220
Explanation:
10% of 200 is 20 so 10% plus 200
is 220
What are the primary reasons people choose to invest and trade stocks?
(Select all that apply.)
to earn a dividend to earn a dividend , ,
to earn capital gains to earn capital gains , ,
to earn predictable quarterly interest to earn predictable quarterly interest , ,
to earn money that is liquid
Answers
Answer:
to earn a dividend
to earn capital gains
Explanation:
Stocks represent ownership in a corporation. Shareholders are entitled to share in the profits of the business. The portion of profits that shareholders get for contributing capital is the dividend.
Investing in stocks makes one a shareholder and gives them the right to dividends. Investors always select the stocks of companies likely to declare high dividends. Dividends is an important reason why investors opt for shares or stocks.
Stocks of corporations that are performing well financially are likely to increase in price. Investors buy stocks when prices are low and selling them when prices appreciate. That way, they can profit through capital gain.
Dividends and capital gains are the rewards that investors gain from stocks. Interest is earned on deposits and loans.
GDP is defined as:
A. Gross Domestic Product
B. Sum of consumer purchases over a period of time
C. Business Investment
D. Government investment
E. all of the above
Answers
Answer:
Gross Domestic Product.
Answer:
Gross domestic product