The US dollar is defined as fiat money, because it was created by an act of law, as well as faith money, because people trust the government to defend its value.
Fiat money is a currency that is not backed by a physical commodity, such as gold or silver, but instead derives its value from the government or issuing authority's legal decree, or fiat. The US dollar is an example of fiat money because it was created by an act of law, specifically the Federal Reserve Act of 1913, which established the Federal Reserve System as the central banking authority in the United States.
The US dollar is legal tender, which means it is recognized by the government as a valid medium of exchange for debts and taxes.Faith money, also known as fiduciary money, is a type of fiat money that derives its value from the trust, or faith, people have in the government or issuing authority to maintain its value and defend it against counterfeiting or other forms of fraud. The US dollar is also considered faith money because people trust the government to defend its value through policies such as monetary and fiscal policy.
In summary, the US dollar is defined as fiat money because it was created by an act of law, as well as faith money because people trust the government to defend its value. Fiat money has no intrinsic value but rather derives its value from the government's legal decree or fiat, while faith money derives its value from the trust people have in the government or issuing authority to maintain its value.
Know more about the fiat money,
https://brainly.com/question/29533889
#SPJ11
Starling Manufacturing Inc. has carefully set up strict specifications for raw materials that are sourced from suppliers. It follows a three-step approval process to select new suppliers and ensures that they are aware of raw material specifications. This is an example of: Question 1 options: concurrent control feedforward control feedback control clan control bureaucratic control
Answer: feedforward control
Explanation:
When using feedforward control, the emphasis is on preventing problems before they occur which means that it involves implementing measures that ensure that potential problems do not occur.
Starling Manufacturing is following this strategy here because they are making sure that their suppliers know their raw material specifications so that problems related to raw material acquisitions are limited.
Part 2 - Check Your Understanding- Answer the questions.
7. What prevents business from charging extremely high prices in the free market system?
8. What effect does competition between producers have on the quality and availability of goods
and services? Explain your answer.
9. Most economists agree that unprofitable business should be allowed to fail. What are the
downsides of the government spending money to help failing businesses? Explain your
reasoning
10. Identify two major drawbacks commonly associated with ca italism. Why do they exist?
Part 4- Make Connections- Complete the following.
11. Think of a popular movie where a character or business sells a good or service and must
compete with other sellers. Identify the movie, characters, and the result.
Answer:
7. What prevents business from charging extremely high prices in the free market system?
If a business charges a very high price in a free market, demand for their products simply falls too much to be profitable. Customers abandon the firm, and opt to buy goods from the firm's competitors.
8. What effect does competition between producers have on the quality and availability of goods and services?
Competition brings higher quality goods, at lower prices. This is because competition obliges each firm to improve as much as possible, and to provide goods with prices as low as possible, in order to outsell the other firms.
9. Most economists agree that unprofitable business should be allowed to fail. What are the downsides of the government spending money to help failing businesses?
The first downside is that money from citizens is used to prop up a business that is likely to fail anyway. Another downside is that it prevents markets from weeding out inefficient firms, which should be replaced with better firms under normal circumstances.
10. Identify two major drawbacks commonly associated with capitalism. Why do they exist?
The first drawback is that capitalism generates wealth inequality, and this inequality often leads to social disruption.
A second drawback is that capitalist economic models often do not include enviromental variables, meaning that capitalist economic activity frequently leads to natural resource depletion.
11. Think of a popular movie where a character or business sells a good or service and must compete with other sellers. Identify the movie, characters, and the result.
A good example is the movie the Founder, starring Michael Keaton. This film tells the story of the McDonald brothers, how the founded McDonalds, and how they developed their successful franchise model.
how does the elimination period affect the cost of premium?
The elimination period is the waiting period before an insurance policy starts paying benefits. A shorter elimination period typically results in a higher premium cost, while a longer elimination period usually lowers the premium.
The elimination period is an important factor in determining the cost of an insurance premium. It represents the duration during which the policyholder must cover their own expenses before the insurance benefits kick in. Insurance companies offer different options for the elimination period, ranging from a few days to several months.
When selecting a shorter elimination period, the insurance company assumes a greater risk of having to pay out benefits sooner. To compensate for this increased risk, they charge a higher premium. On the other hand, a longer elimination period means that the policyholder will need to cover their expenses for a longer period before receiving insurance benefits. This reduces the risk for the insurance company, resulting in a lower premium.
Therefore, if an individual chooses a shorter elimination period, they will have higher premium payments due to the increased likelihood of making a claim sooner. Conversely, opting for a longer elimination period lowers the premium cost since the insurance company's risk exposure is reduced. It's essential for individuals to carefully evaluate their financial situation and needs to strike a balance between the elimination period and premium cost that aligns with their specific circumstances.
To know more about Company visit-
brainly.com/question/26775900
#SPJ11
Interact with the book. How? By working the problems or questions out on paper after reviewing their method of solving the problem or discussing the issue.
Once you finish reading/reviewing the text, provide a short summary.
Write a short journal that addresses the following concepts: marginal investor; intrinsic value versus market price; required rate of return versus the expected rate of return versus the actual rate of return; capital gains yield; dividend yield versus cash flow yield; expected total return; growth rate versus capital gains rate (when are they equal); zero growth stock versus perpetuity; constant growth stock and the use of the constant growth model to value; horizon date and the assumption of a horizon value; preferred stock versus perpetuity.
The book can be interacted with by solving problems, discussing solutions, and reviewing concepts.
It helps understand the marginal investor, intrinsic value vs. market price, required vs. expected vs. actual rate of return, capital gains yield, dividend yield vs. cash flow yield, expected total return, growth rate vs. capital gains rate, zero growth stock vs. perpetuity, constant growth stock and the constant growth model, horizon date and horizon value assumption, and preferred stock vs. perpetuity.
The book encourages active learning through problem-solving and discussions. It covers various concepts related to investments and valuation. The marginal investor is the one whose actions determine the prevailing market price. Intrinsic value represents the true worth of an asset, while market price is the price at which it trades. Required rate of return is the minimum return an investor expects, expected rate of return is the anticipated return, and actual rate of return is the realized return.
Capital gains yield is the price appreciation of an investment, while dividend yield is the dividend income relative to the stock price. Cash flow yield is the cash flow generated by an investment. Expected total return combines capital gains yield and dividend yield. Growth rate and capital gains rate are equal when the company doesn't pay dividends.
Zero growth stock has constant dividends, while perpetuity is a security with infinite cash flows. The constant growth model values stocks with a steady growth rate. Horizon date is the future date when an investment is evaluated, and horizon value assumes a value at that time. Preferred stock has fixed dividends, similar to perpetuity.
In summary, the journal explores concepts such as investor behavior, valuation, rates of return, yields, growth, and different types of stocks. It provides a comprehensive understanding of investment principles and their practical application.
Learn more about Income here:
https://brainly.com/question/14732695
#SPJ11
1. what are the ways in which computer networks can help trendywidgets in its business? think of all the different ways in which the company can use computer networks at all its different offices.
Computer networks can help TrendyWidgets in its business by providing efficient communication, streamlined data sharing, and improved productivity across all its offices.
TrendyWidgets can use computer networks to enable video conferencing, instant messaging, and email communication between employees, clients, and partners. The company can use computer networks to store and share data, such as customer information, product details, and sales reports, between different departments and locations.
With computer networks, employees can access shared resources, such as printers, files, and databases, from any office location, which can increase productivity and reduce duplication of work. Computer networks can enable employees to work remotely, allowing for greater flexibility and reduced overhead costs.
To learn more about Computer follow the link: https://brainly.com/question/13805692
#SPJ4
in general, the variability among the sample means is called the ______-sample variability and the variability of each sample is called the ______-sample variability.
In general, the variability among the sample means and the variability of each sample are respectively called as the between-sample variability and the within-sample variability.
Between-Sample Variability
The between-sample variability is also called the inter-sample variability, which is the variation that exists between the sample means that come from a population. It is used to evaluate the variability between different groups. It involves measuring how far each group mean is from the overall mean. The aim is to determine the difference between the sample means, the variance between the means, and the variance within each group.Within-Sample Variability
The within-sample variability is also called intra-sample variability, which measures the variation that exists within a group or a sample.It is used to evaluate the variability within the group. The within-sample variability measures how much the scores or values deviate from the mean value of the group or sample. The aim is to determine the difference between the individual scores and the mean value, the variance between individual values, and the variance within the group or sample.Therefore , answers are between-sample variability and the within-sample variability.
Learn more about between-sample variability and the within-sample variability on the given link:
https://brainly.com/question/30530844
#SPJ11
What protects consumers against harm from products on the market? Franchises Profit Motives Private property rights Government Regulations
making changes in response to problems or opportunities as they arise, rather than attempting to foresee them, is referred to as ______ change.
Answer: reactive
Explanation:
The balance on a credit card, that charges a 20%
APR interest rate, over a 1 month period is given in
the following table:
Days 1-5: $200 (initial balance)
Days 6-20: $350 ($150 purchase)
Days 21-30: $150 ($200 payment)
What is the finance charge, on the average daily
balance, for this card over this 1 month period?
finance charge = $ [?]
Round to the nearest hundredth.
Enter
The balance on a credit card, that charges a 20% APR interest rate, the Finance charge is given as
$4.3055
This is further explained below.
What is the APR interest rate?Generally, The interest rate that is applied to a loan, mortgage loan, credit card, etc. is referred to as an annual percentage rate of charge, which sometimes corresponds to a nominal APR and sometimes corresponds to an effective APR.
The annual percentage rate of charge is the interest rate for the entire year, as opposed to just a monthly fee or rate. It is a fee for financing that is presented in the form of an annual rate.
Interest rate APR = 12%
Average balance = ((200*5)+(350*15)+(150*10))/30
Average balance = $258.33
Average balance*APR/12
Finance charge =\(\frac{258.33*20 \%}{12 }\)
Finance charge = $4.3055
Read more about APR interest rates
https://brainly.com/question/14270693
#SPJ1
A state charges a 7% sales tax on non-grocery items.
What is the sales tax when purchasing $125 of non-grocery items?
Enter your answer as a dollar value, like this: 56.78
Answer:
$8.75
Explanation:
The sales tax is on non-grocery is 7%
Sales tax on an item costing $125 will be
=7% of $125
=7/100 x $125
=0.07 x $125
=$8.75
Please identify one strategic alliance that you find in your
day-to-day life.
Explain if you think the alliance is successful. If not, why do
you think it is unsuccessful?
The strategic alliance between Uber and Spotify is a successful example of how businesses can leverage each other's strengths to enhance the customer experience, expand their customer base, and differentiate themselves from competitors.
A strategic alliance refers to a mutually beneficial relationship between two or more businesses, organizations, or individuals that are working together towards a common goal. This relationship is designed to allow each partner to leverage the strengths of the other partner(s) while minimizing their weaknesses.
A strategic alliance that can be found in day-to-day life is the partnership between Uber and Spotify. The partnership between Uber and Spotify is an excellent example of a successful strategic alliance. Uber and Spotify's partnership enables riders to connect their Spotify account with the Uber app, giving them control over the music played during their ride.
This strategic alliance has been successful for a few reasons. Firstly, it provides customers with an enhanced user experience by allowing them to enjoy their preferred music while riding in an Uber. Secondly, it has helped both companies to expand their customer base. For example, Uber's large customer base has allowed Spotify to reach a broader audience. At the same time, Spotify's music streaming service has given Uber's passengers another reason to choose their service over competitors. Lastly, the partnership between Uber and Spotify has been beneficial to both companies because it has helped them to differentiate themselves from their competitors.
This strategic alliance between Uber and Spotify has been a success because it has allowed both companies to benefit from each other's strengths. While Uber has a large customer base and an established brand, Spotify has a music streaming service that customers enjoy. By leveraging these strengths, both companies have been able to grow their business and improve the customer experience. Therefore, the alliance between Uber and Spotify is a successful strategic alliance.
To know more about strategic alliance, refer to the link below:
https://brainly.com/question/23008490#
#SPJ11
How does a magazine sustain the alternating interests of readers who on account of life issues are moving on to the next segment outside of the topical limits of a publisher's title
One way a magazine can sustain reader interest which are alternating is to take advantage of outside partnership from other print medias.
What is Reader Interest?This refers to the level of interest a group of readers have for a particular written literature and whether they have low or high reception to the written work.
Hence, we can see that based on the fact that a magazine is periodical, it is possible to enter a partnership with another print media who has no such limits to a publisher's title to publish and hence, maintain reader's interest.
Read more about reader's interest here:
https://brainly.com/question/4130197
#SPJ1
if california was a country where would it rank in economy
Answer:
It would be the world's fifth-largest economy!
Iin the value chain model, all of the following are considered core activities except: A. procurement. B. management and administrative services. C. marketing. D. technology development.
Except for managerial and administrative services, all of the following are regarded as core activities in the value chain model. Here option B is the correct answer.
In the value chain model, core activities are the primary activities involved in the creation and delivery of a product or service, while support activities provide the necessary support for the core activities. The four core activities in the value chain model are inbound logistics, operations, outbound logistics, and marketing and sales.
Therefore, of the options provided, the answer is Management and administrative services. This is because management and administrative services are considered to support activity rather than core activity. Procurement is a core activity that involves the process of acquiring the materials and supplies needed for the production process.
Operations is a core activity that involves the actual production process. Outbound logistics is a core activity that involves the process of getting finished goods to customers. Marketing and sales is a core activity that involves the promotion and sale of the product or service.
To learn more about the value chain model
https://brainly.com/question/28217573
#SPJ4
After a strong hurricane lashed the Caribbean last year, many impacted countries were forced to borrow money for repairs. Which organization would most likely be responsible for lending the money in this example
Answer: World bank
Explanation:
The International Monetary Fund (IMF) is the organization that would most likely be responsible for lending the money in this case,
The International Monetary Fund is an international body that offers loans and other forms of assistance to facilitate establishment and maintenance of a country's economy.
In conclusion, the International Monetary Fund (IMF) is the organization that would most likely be responsible for lending the money in this case,
Read more about International Monetary Fund
brainly.com/question/10346932
Trying to figure out the most efficient way to perform a job is a goal of
a. Forbes.
b. the Hawthorne effect.
c. Maslow's hierarchy.
d. scientific management.
e. behavioral management.
Trying to figure out the most efficient way to perform a job is a goal of scientific management. The correct answer is option D.
What is scientific management?Scientific management defines working based on standardized techniques and tools and with the help of specialized personnel so as to increase the quantity as well as the quality of the product and the same time decreasing the costs. Scientific management is also known as Taylorism.
Scientific management can be summarized in four main principles, those are:
Using scientific methods to determine and standardize the one best way of doing a job.A clear division of tasks and responsibilities.High pay for high-performing employees.A hierarchy of authority and strict surveillance of employees.Learn more about scientific management at: https://brainly.com/question/12417614
#SPJ4
Meriton ltd borrows $1000000 at an interest rate 11. 5% per annum, repayable by equal month instalments over 20 years. Calculate the principal and interest components of the first and last repayments.
The principal and interest components of the first repayment are approximately $95.90 and $9,583.33, respectively, and for the last repayment, they are approximately $9,615.72 and $63.51, respectively.
To calculate the principal and interest components of the monthly repayments for Meriton Ltd's loan, we need to use an amortization schedule.
Given:
Loan amount: $1,000,000
Interest rate: 11.5% per annum
Loan term: 20 years (240 months)
First, we calculate the monthly interest rate:
Monthly interest rate = (Annual interest rate) / 12
= 11.5% / 12
= 0.9583% or 0.009583 (as a decimal)
Using the formula for calculating the monthly payment on a loan, we can determine the amount of each monthly installment:
Monthly payment = P * r * (1 + r)^n / ((1 + r)^n - 1)
= $1,000,000 * 0.009583 * (1 + 0.009583)^240 / ((1 + 0.009583)^240 - 1)
= $9,679.23 (approx.)
To calculate the principal and interest components of the first repayment:
Interest payment = Loan amount * Monthly interest rate
= $1,000,000 * 0.009583
= $9,583.33 (approx.)
Principal payment = Monthly payment - Interest payment
= $9,679.23 - $9,583.33
= $95.90 (approx.)
For the last repayment, the principal component will be the remaining loan amount after all the previous payments. The interest component will be calculated similarly to the first repayment.
To calculate the remaining loan amount after 239 payments:
Remaining loan amount = Loan amount * ((1 + r)^n - (1 + r)^m) / ((1 + r)^n - 1)
= $1,000,000 * ((1 + 0.009583)^240 - (1 + 0.009583)^239) / ((1 + 0.009583)^240 - 1)
= $6,639.02 (approx.)
For the last repayment:
Interest payment = Remaining loan amount * Monthly interest rate
= $6,639.02 * 0.009583
= $63.51 (approx.)
Principal payment = Monthly payment - Interest payment
= $9,679.23 - $63.51
= $9,615.72 (approx.)
Therefore, the principal and interest components of the first repayment are approximately $95.90 and $9,583.33, respectively, and for the last repayment, they are approximately $9,615.72 and $63.51, respectively.
To know more about interest, click here: brainly.com/question/4478897
#SPJ11
norris has a deductible of $1,000. he damages his car in.- How much does Norris have to pay?- How much does his insurance pay?
Norris have to pay $1,000 and his insurance pay is $3,300. When a claim is made, the insured is required to pay a deductible before the insurance provider will cover the remaining costs.
For many years, deductibles have been a crucial component of the insurance contract. Getting the most out of your insurance coverage requires an understanding of the function deductibles play when insuring a car or a house. For many years, deductibles have been a crucial component of the insurance contract. Getting the most out of your insurance coverage requires an understanding of the function deductibles play when insuring a car or a house. Generally speaking, you pay less in premiums for an insurance coverage the higher the deductible is. A deductible can be a set monetary sum or a percentage of the entire insurance coverage provided by a policy.
learn more about insurance here:
https://brainly.com/question/19053875
#SPJ4
What can a boosted post help an advertiser achieve?
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
Learn more about Communication at:
brainly.com/question/25645043
#SPJ4
The purpose of property insurance is to protect policyholders against losses to their ________________________ property due to catastrophe and calamity.
The purpose of property insurance is to protect policyholders against losses to their personal property due to catastrophe and calamity.
What is insurance?Insurance can be defined as the coverage that help to cover insurance policy holder incase of unforeseen or unexpected circumstance such as theft , fire ,accident among others,
One of the advantage of property insurance coverage is that it help to protects real as well as personal property from any form of unforeseen events such as theft, fire etc.
Therefore the word that complete the statement is personal.
Learn more about insurance here:https://brainly.com/question/25855858
#SPJ1
external cost of expanding or building airport
Answer:
External costs may involve or interact and be impacted by the environment, society, or economic travesty, especially ones that were uncalled-for.
External costs depend on many things, including area, time, and space, but will mostly be a few hundred thousand U.S.D.
In the content of a message, marketers often use __________ appeals such as joy, love, humor, fear, and guilt.
In the content of a message, marketers often use emotional appeals such as joy, love, humor, fear, and guilt.
Desirable entrepreneurs are strategic with their time and resources, in particular, due to the fact that there are so many specific channels to apply and sorts of content to provide. They are additionally astute leaders, riding business growth whilst focusing on statistics and creativity, balancing multiple channels, and running in fast-paced surroundings.
Marketers are chargeable for making plans, growing, and executing advertising campaigns to enlarge their companies attain and capacity consumer pipeline. A marketing task description should consist of the essential qualifications, obligations, and talents required for success within the role.
"Dating" is the maximum critical phrase in advertising and marketing. The relationships you build with existing and capacity customers are in the end and uniquely what differentiates you from your competition. The purpose of marketing is to help build enterprise relationships with the right sort of human beings.
Learn more about marketers here https://brainly.com/question/27961157
#SPJ4
As a business owner, why would understanding the basic accounting equation be important?
Answer:
I don't know correctly but still I'll try
I wrote on my own pl look into my efforts and give me points
Explanation:
understanding is the thing that we want, not want that we need while doing any kind of work , like it my be your homework, it may be your preparation for some exam understanding is the basic thing that we need in any case weather it is doing in any problem or any love matter we have to understand each and every case of our life, our love or relationship matter, or understanding any problem .
especially when comes to business it is really important also because equations ok .. For doing any equation we have to understand what formula we can use , should we add or subtract etc . so ya if we understand only we can do something in life or in any equation.....
The average mututal fund includes 90-200 companies.
O True
O False
Answer:
I think it will be false
If you buy a new video game , you cannnot pay your cell phone bill . This example of
Answer:
Explanation:
This situation can be considered an example of a trade-off or opportunity cost. A trade-off occurs when you have to give up one thing in order to gain or prioritize another. In this case, choosing to buy a new video game means sacrificing the ability to pay your cell phone bill. You have to make a decision and allocate your limited resources (money) between different options, and choosing one option means forgoing the benefits or costs associated with the other option.
Which of the following scenarios describes an advantage of a global economy?
A car company makes its products in a country known for high manufacturing requirements.
A lightbulb company expands to a country where potential workers all have the same educational background.
An electronics company manufactures products in a country where the materials cost is high.
A toothpaste company expands to another country where there is a lot of competition for jobs.
https://www.nap.edu/read/1806/chapter/7
Which post-secondary program requires minimal prerequisites?
Answer with Explanation:
It depends upon the college or university you choose. If you are choosing a foreign college or university then following are the possible minimal pre-requisites:
Age FactorAttained Marks percentage Language Speaking requirement which includes taking an English speaking, learning and writing test. Examples of approved english skills tests programs are TOEFL, IELTS, etc.Minimum Fee depositCharacter CertificateValid PassportPersonal Information Providing Field oriented report which explains why you want to opt this program.Other requirements depending upon the course, university and law that governs the territory in which the institute operates.Which of the following should show a profit in order for a financial institution to give a the company a loan
a) income statement
b) rent expense
c) accelerated depreciation
d) accounts receivable
Answer:
A I think not really sure hope this helps you
Which are examples of copyrighted online materials? Check all that apply.
an article from an Internet magazine
lyrics for a song written in the 1800s
photos taken by a student on his blog
a video game that is free for anyone to copy
an illustration sold by an artist on her website
an excerpt from a novel published in 1913
Answer:
a and d
Explanation:
Answer:
A & E
Explanation:
edge test
which parts of a company ecosystem rely on continuous improvement to have collective and separate successes?
The ecology of a company's projects depends on ongoing development to achieve both collective and individual triumphs.
What sets them apart from other types of projects What adjustments could project managers make in response to these variations?There are many different kinds of IT projects. Managers must adjust to these differences by understanding that IT projects have a diverse team and use a range of technologies, and that bringing different people together with growing technology can result in projects and IT projects.
What supports project managers in effectively making decisions at various project stages?The extremely logical steps listed below make up the typical management decision-making process: Set goals and gather information to facilitate logical decision-making by acknowledging that there is a problem. Decide what the issue is.
Learn more about decision-making process: https://brainly.com/question/19901674
#SPJ4