World trade has assumed an importance heretofore unknown to the global community and as a result, many countries and firms have found it highly desirable to become major participants in international marketing.
TRUE

Answers

Answer 1

It is true that world trade has assumed an importance heretofore unknown to the global community and as a result, many countries and firms have found it highly desirable to become major participants in international marketing.

An intergovernmental body that controls and promotes global trade is the World Trade Organization (WTO). Governments use the United Nations System to create, amend, and enforce the laws that regulate international trade with effective cooperation. According to the 1994 Marrakesh Agreement, it began operating formally on January 1st, 1995, taking the place of the 1948-established General Agreement on Tariffs and Trade (GATT). The WTO is the biggest international economic organization in the world, with 164 members representing more than 98% of trade and GDP worldwide.

The WTO provides a framework for the negotiation of trade agreements, which typically aim to lower or remove tariffs, quotas, and other limitations.

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Related Questions

What do you think is the most important skill a judge can possess

Answers

Answer:

The decision making skill because it's hard for a judge to make the right decision.

Ashley slips and falls in a Target store after tripping on shipping boxes left in an aisle that she had not seen because she was trying to see if she could do a whole shopping trip while blindfolded. She breaks her leg and is forced to miss work for a week. The jury decides that Target was 50% at fault, but that she was also 50% at fault because she was negligent by shopping blindfolded. If the jury decides her total in damages is $36,000 (for her medical bills, lost wages and pain and suffering), then under a comparative fault system Ashley should get:

Answers

Based on the comparative fault system Ashley would receive $18,000 for medical expenses and other damages.

The comparative fault system states a person is partially responsible for his/her injuries in certain situations and therefore all the parties involved are liable for the expenses derived from the injury.

In the case described there are two main parties involved:

Ashley, who decided to walk blindfolded and suffered an injuryTarget for leaving the boxes in the aisle

In this context, if the total in damages is $36,000 then Ashley is responsible for $18,000 and should receive the other 50% ($18,000) from Target to cover medical expenses and other costs derived from the accident.

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The Woodruff Corporation purchased a piece of equipment three years ago for $230,000. It has an asset depreciation range (ADR) midpoint of eight years. The old equipment can be sold for $90,000.
A new piece of equipment can be purchased for $320,000. It also has an ADR of eight years.
Assume the old and new equipment would provide the following operating gains (or losses) over the next six years:
New Equipment
Year 1: $80,000
Year 2 $76,000
Year 3: $70,000
Year 4: $60,000
Year 5: $50,000
Year 6: $45,000

Old Equipment
Year 1: $25,000
Year 2: $16,000
Year 3: $9,000
Year 4: $8,000
Year 5: $6,000
Year 6: $(7,000)
Question: The firm has a 25 percent tax rate and a 9 percent cost of capital. Should the new equipment be purchased to replace the old equipment? Explain your answer.

Answers

The firm has a 25 percent charge rate and a 9 percent cost of capital the new hardware be bought to supplant the old gear Thus The old hardware can be sold for $90,000.

In financial matters, capital merchandise or capital are "those sturdy delivered merchandise that are thusly utilized as useful contributions for additional creation" of products and services. At the macroeconomic level, "the country's capital stock incorporates structures, gear, programming, and inventories during a given year.

A common model is the hardware utilized in processing plants. Capital can be expanded by the utilization of the elements of creation, which anyway rejects specific tough merchandise like homes and individual vehicles that are not utilized in that frame of mind of saleable labor and products.

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What amenities are included in a Coli Spaces co-living apartment?

Answers

Coli Spaces co-living apartments include amenities such as fully furnished rooms, shared living areas, high-speed internet, cleaning services, on-site laundry, utilities, security measures, and community events.

Coli Spaces co-living apartments offer a range of amenities to ensure a comfortable and convenient living experience. Some of the amenities included in a Coli Spaces co-living apartment are:

1. Fully Furnished Rooms: Each apartment is equipped with high-quality furniture, including beds, desks, chairs, and storage units, providing a ready-to-move-in experience.

2. Shared Living Areas: Residents have access to spacious and well-designed common areas such as living rooms, dining areas, and kitchen facilities. These spaces are thoughtfully furnished and encourage social interaction among residents.

3. High-Speed Internet: Coli Spaces provides fast and reliable internet connectivity, allowing residents to stay connected and work or study from home without any disruptions.

4. Cleaning Services: Regular cleaning services are provided to ensure that the common areas and shared facilities are well-maintained and hygienic.

5. On-site Laundry: Co-living apartments at Coli Spaces are equipped with laundry facilities, making it convenient for residents to do their laundry without leaving the building.

6. Utilities: Basic utilities such as electricity, water, and gas are included in the rent, simplifying the payment process for residents.

7. Security: Coli Spaces prioritizes the safety of its residents, and therefore, co-living apartments are equipped with security measures such as CCTV cameras, secure access systems, and on-site staff.

8. Community Events: Coli Spaces organizes community events and activities to foster a sense of belonging among residents, providing opportunities to socialize and network.

By providing these amenities, Coli Spaces aims to create a comfortable and inclusive co-living environment that meets the needs of modern urban dwellers.

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Are any e-bikes made in the USA?

Answers

Answer:

there are supposedly 3 companies that are made in the USA

Jalissa owns a sandwich shop and wants to expand her business. She has talked to other local shop owners for ideas about how to do this and a few suggested adopting an online presence. How could e-commerce help Jalissa expand her business?

A: It can attract customers from a wider area.

B: It can increase her revenue by allowing her increase prices.

C: It can decrease her security costs.

D: It can eliminate the need for workers in her shop.

Answers

I think it might be A! i’m not totally sure

Answer: it can attract customers from a wider area.

Explanation:

These are sets of opinions, thoughts, and feelings an audience member might have on a topic that are not necessarily deeply held, and are therefore subject to change.

Answers

The definition corresponds to the concept of prejudice, because it involves a set of opinions, thoughts, and feelings.

A prejudice is a concept from the Latin praeiudicium that refers to an opinion, thought, or feeling (usually negative) that a person has formed about something or someone in advance and without prior knowledge.

Prejudice is the action and effect of establishing a definition or a meaning for something before the opportune time, that is, before knowing it in depth.

Note: This question is incomplete because the question is missing. Here is the complete question:

What concept does this definition correspond to?

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Zapper has beginning equity of $293,000, net income of $69,000, dividends of $58,000 and stockholder investments of $24,000. Its ending equity is:

Answers

Answer:

$328,000

Explanation:

As we all know that:

Ending Equity = Opening Equity + Share Issues + Net Income – Net Loss – Dividends Paid

Here,

Opening Equity is $293,000

Money raised through Shares Issuance was $24,000

Net Income would be $69,000

Dividends paid were $58,000

There were no losses as their is Profit for the year (Net Income).

By putting values, we have:

Ending Equity = $293,000  +  $24,000   +  $69,000   -  $58,000

= $328,000

23 Spring Question 1 of 11 This quiz: 2 This questic Halifax Seafood makes 450 wooden packing boxes for fresh seafood per day, working in two 10-hour shifts. Due to increased demand, plant The plant is now able to produce 700 boxes per day. a) Before the change in work rules, the company's productivity per day = boxes/hour (Round your response to two decimal places) After the change, the new productivity level per day = boxes/hour (Round your response to two decimal places) b) Based on the changes made, the percent increase in productivity=% (Enter your response as a percentage rounded to two decimal pla c) If production is increased to 750 boxes per day (with the three 8-hour shifts), the new productivity = boxes/hour (Round your response to​

Answers

a. Before the change in work rules, the company's productivity per day was 22.50 boxes/hour.

b. After the change in work rules, the new productivity level per day is 35.00 boxes/hour.

c. If production is increased to 750 boxes per day with three 8-hour shifts, the new productivity level per day would be approximately 31.25 boxes/hour.

a) Before the change in work rules, Halifax Seafood produced 450 wooden packing boxes per day working in two 10-hour shifts. To calculate the productivity per day, we need to determine the number of boxes produced per hour.

Number of boxes produced per day = 450 boxes

Number of hours worked per day = 2 shifts × 10 hours per shift = 20 hours

Productivity per day before the change = Number of boxes produced per day / Number of hours worked per day

Productivity per day before the change = 450 boxes / 20 hours = 22.50 boxes/hour

Therefore, before the change in work rules, the company's productivity per day was 22.50 boxes/hour.

b) After the change, the company is now able to produce 700 boxes per day. To calculate the new productivity level per day, we need to determine the number of boxes produced per hour.

Number of boxes produced per day = 700 boxes

Number of hours worked per day = 2 shifts × 10 hours per shift = 20 hours

Productivity per day after the change = Number of boxes produced per day / Number of hours worked per day

Productivity per day after the change = 700 boxes / 20 hours = 35.00 boxes/hour

Therefore, after the change in work rules, the new productivity level per day is 35.00 boxes/hour.

c) If production is increased to 750 boxes per day with three 8-hour shifts, we can calculate the new productivity level per day.

Number of boxes produced per day = 750 boxes

Number of hours worked per day = 3 shifts × 8 hours per shift = 24 hours

New productivity per day = Number of boxes produced per day / Number of hours worked per day

New productivity per day = 750 boxes / 24 hours ≈ 31.25 boxes/hour

Therefore, if production is increased to 750 boxes per day with three 8-hour shifts, the new productivity level per day would be approximately 31.25 boxes/hour.

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what issues should be covered in the negotiations between your organization and the outsourcing organization. You can list the issue, and then follow up with a couple of sentences to explain. Some groups think of this as what goes into the contract, although there are issues to consider that might not be in the contract. Cultural differences between the two organizations would be an example of an issue that is important to consider, but may not be put in the contract.

Answers

The correct answer to this open question is the following.

Although there are no options attached we can say the following.

The issues that should be covered in the negotiations between your organization and the outsourcing organization are the following.

As it is written in the question, the corporate culture of the outsourcing company is one of the issues to be discussed because it is important that the outsource company understand your values, mission, and mission, so the relationship could be professional and amicable.

Then, one important aspect of the negotiation must be the lines of communication to be "on the same page."

Another issue is the services to be provided, the price for each service and the way results are going to be measured.

As important as the previous issue, is the quality of the people who are going to be temñporarly hired, so there are no big differences between the quality of work from the employees of your company vs. the employees recommended and hired by the outsourcing company.

The level of expertise at suppliers is a major concern of your company. The outsourcing company has to show ways provable ways that guaranteed the expertise of suppliers.

One final important aspect is the solution of controversies in case there are problems between suppliers and your company, knowing that the outsourcing company is responsible for the hirings and contracts with the outsourced workers.

What are the steps to strategic management?

Answers

Answer:

The process of strategic management includes goal setting, analysis, strategy formation, strategy implementation, and strategy monitoring. Let's take a look at how each of these steps ties into the overall strategic management process. The first part of strategic management is to plan and set your goals.Nov

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Use the following to newer the questions
Colin Jackson recently porchesed Blue Waters Adventures, a kayak and emoeing rental business near the Chateworths River in Arizons Bos Waters Adventures had been in
operation for five years and was located in an idea ares. Even though the winters in the ares can be cold, kayaking and canoeing sctivities are generally popoder year-round. After
wo months of operation, it became clear why the previous owners had sold the besisese. While the bovines appeared to be ideally located, ustes were extremely disappointing.
Refer to Scenario 42. Colin went to the university library and collected everything he could find on the keyaking and coring sports industries. He found a significant amount of
information, but it didn't seem to be in the format that he could actually use in his malysis. Cofin realized that he could just one this preliminary date as a resource to help him
design his plan for offering focus groups and possibly for designing a murvey. The preliminary data is referred to se while the date from focus groups and urveys is
Osecondary date observation
Ob exploratory date, primary
Osecondary date, primary
Od primary date, secondary and observational
Geprimery date, descriptive

Answers

Answer: The preliminary data is referred to as secondary data and the data from focus groups and surveys is referred to as primary data.

Enjoy!

Dina has been hired as a product manager for an up-and-coming candy bar brand. Describe the scope of her responsibilities and provide examples of activities she would likely perform in her job. Which responsibility do you feel will be most helpful to this new brand and why?

Answers

Dina's responsibilities may include conducting market research to identify consumer preferences and trends, defining the product's features and specifications, collaborating with R&D and production teams to develop and launch new flavors or variations, setting pricing strategies, and creating marketing campaigns to promote the candy bars to the target audience. One of the most helpful responsibilities for this new brand would be Dina's role in market research.

As a product manager for an up-and-coming candy bar brand, Dina's responsibilities would encompass various aspects of product development, marketing, and strategy. Her main objective would be to ensure the successful launch and growth of the brand's candy bars in the market.

By conducting thorough research and understanding consumer preferences, Dina can identify gaps in the market, develop unique selling propositions, and tailor the candy bars to meet customer demands. This will allow the brand to differentiate itself from competitors and establish a strong presence in the market, attracting loyal customers and driving sales.

Additionally, market research can provide valuable insights into pricing strategies and distribution channels, enabling the brand to optimize profitability and reach the right customers effectively.

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Lanyards that have no shock-absorbing features are used for _____. Group of answer choices climbing ladders workers under 150 pounds positioning working on scaffolds

Answers

Answer:

Positioning

Explanation:

In simple words, A positioning gadget system includes a positioning lanyard. The employee is supported by this system on a raised vertical surface, such as a wall or pole. This allows people to work while leaning without having to use their hands. The lanyard ties the individual to a place in ahead of their physique that serves as an anchor point.

true/false. when the government enacts policies that lead to lower mortgage lending standards and lower interest rates, their actions can indirectly lead to higher home prices.

Answers

It is true that when government enacts policies that lead to the lower mortgage lending standards and the lower interest rates, their actions can indirectly lead to higher home prices.

What is mortgage?

Mortgages are a kind of loan that can be used to buy or keep up a house, a piece of land, or any other real estate asset. The borrower commits to making regular payments to the lender, often in the form of a series of equal payments that cover both principal and interest. Before closing, mortgage applications undergo a drawn-out underwriting procedure. The borrower's requirements will dictate the available mortgage options, including fixed-rate and conventional loans. Mortgages are one way to fund real estate transactions for both private persons and corporate organisations. The loan is repaid by the borrower along with interest over a certain period of time until the property is fully owned. Most conventional loans have reached their full amortisation.

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9. Why are cultural differences an important factor when adapting products for new overseas markets?

Answers

Answer: Cultural differences is an important factor when adopting product for new overseas market because every culture has its own unique feature and characteristics. If the product is not as per the local culture the chances of failure may be very high. For example when McDonald's came to India it came up with the concept of Mc Aloo tiki burger.

Explanation: Hope the explanation above was helpful

Can someone please check my work before I turn it in??

Can someone please check my work before I turn it in??

Answers

Answer:

that's good enough jus try n make sure u read it

Explaining your business partner has decided he wants to merge your business-healthy foods-with former competitor beta burger. He’s told you about the advantages, but you’ve got your doubts. What possible disadvantages about the merger would you explain to your partner before you both make your decision?

Answers

Prior to deciding upon a merger with Beta Burger, certain potential drawbacks should be examined:

What possible disadvantages about the merger would you explain to your partner before you both make your decision?

Brand Misrepresentation: Merging with a formerrival could bewilder patrons regarding the values of your business. They may possibly associate it with cheap fast-food outlets, conversely deterring those desirous of eating healthy meals.

Cultural Contradiction: Should the cultures at both companies be contrary in nature, it could result in arguments and an absence of collaboration among workers from either side. This discord could then have an adverse impact on morale and productivity for the staff.

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Holloway Company earned $6,800 of service revenue on account during Year 1. The company collected $5,780 cash from accounts receivable during Year 1. Required Based on this information alone, determine the following for Holloway Company. (Hint: Record the events in general ledger accounts under an accounting equation before satisfying the requirements.) (Enter any decreases to account balances with a minus sign.) a. The balance of the accounts receivable that would be reported on the December 31, Year 1, balance sheet. b. The amount of net income that would be reported on the Year 1 income statement. c. The amount of net cash flow from operating activities that would be reported on the Year 1 statement of cash flows. d. The amount of retained earnings that would be reported on the Year 1 balance sheet.

Answers

The balance of funds due to a company for goods or services supplied or employed but not yet paid for by customers is the account accounts receivable, that is the account.The net income is the amount that you get each month from your check instead of the gross amount paid before deductions for payrolls.Operating cash flows are a part of a corporate cash flow statement explaining the sources and use of cash from ongoing business activities over a certain period.Retained income (RE) is indeed the net income remaining to the company after it has paid dividends to its shareholders.

The further discussion can be defined as follows:

For point A:

                  Calculated to use this formulation is the account receivable

                    reported on the balance sheets

        Using formula:

Admissible Accounts

For point B:

                 The reported net income is revenue from services of \(\$18,000\)

For point C:

                 The reported net cash flow from operations is \(\$14,000\) in

                  cash from accounts receivables in 1 year.

For point D:

                 Reclaimed revenues are \(\$18,000\) representing the amount of net

                  income transferred to the retained income account.

So, the final answer is "$4,000,  $18,000, $14,000, and $18,000".

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I will give brainliest and ratings if you get this correct ​

I will give brainliest and ratings if you get this correct

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Short-run total cost is TC = wL + rK, and short-run average cost curve is TC/Q. Because the average cost is a weighted average of the marginal cost and the fixed cost, the SMC is 4.01 and the SMC curve crosses the SAC curve at its lowest or smallest points.

What is the firm short-run total cost curve and short-run average cost curve function

A.

To establish the firm's short-run total cost curve, we must first determine the total cost at each level of output.

Where w is the wage rate, L is the amount of labor utilized, r is the interest rate, and K is the amount of capital used, TC is computed as      wL + rK. In this case, r equals 1 and w equals 4.

The short-run average cost curve is obtained by dividing the total cost by the level of output:

Q = TC; SAC

Q stands for the output level.

B.

The short-run marginal cost function can be built using the overall cost change for a slight change in production level.

SMC = dTC / dQ

L = 25 / 2 = 12.5, which is the amount of labor necessary for an output level of 25. The total cost can be calculated as follows:

TC = 4 * 12.5 + 1 * 100 = 50 + 100 = 150

Thus, the short-run average cost is SAC = 150 / 25 = $6 and the short-run marginal cost is SMC = dTC / dQ. To compute the derivative, we must use the production function offered:

Q = 2 * sqrt (KL)

We arrive at the following equation by computing the derivative with respect to L: dQ/dL = (1 / (2 * sqrt(KL)) * 2K = K / (sqrt(KL)).

SMC = 4 + (1 / sqrt(100 * 12.5)) yields the equation:

For an output level of 200, the needed labor is L = 200 / 2 = 100. The total cost can be calculated as follows:

TC = 4 * 100 + 1 * 100 = 400

Thus, the short-run average cost is SAC = 400 / 200 = $2 and the short-run marginal cost is SMC = dTC / dQ. To compute the derivative, we must use the production function offered:

Q = 2 * sqrt (KL)

We arrive at the following equation by computing the derivative with respect to L: dQ/dL = (1 / (2 * sqrt(KL)) * 2K = K / (sqrt(KL)).

SMC = 4 + (1 / sqrt(100 * 100)) is the result of substituting the variables.

SMC = 4.01

C.

To create the SAC and SMC graph, we must first compute the SAC and SMC for various output levels. Plotting the SAC and SMC versus the output level will then get the graphs.

D.

The SMC curve intersects the SAC curve at its lowest or minimum points since the average cost is a weighted average of the marginal cost and the fixed cost. When output is low, a large portion of the overall cost is made up of fixed costs, and the marginal cost is high. As output level increases, the fixed cost portion of the total cost increases but the marginal cost decreases. The marginal cost crosses the average cost at that point, which causes the average cost to decline and reach its lowest point.

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Scheduling personnel is an example of an operations management:
A. mission implementation
B. operational decision
C. organizational strategy
D. functional strategy
E. tactical decision

Answers

Answer:

B. operational decision

Explanation:

Scheduling personnel is an example of an operations management:  operational decision

Scheduling personnel represents an example of an operations management of an operational decision.

The following information should be considered:

The staff-level decisions should be made from the lower level to the hierarchy level.Many decisions should be taken at many hierarchy levels.In this, the authority is present for taking the decisions.The lower level should take the decisions with respect to the employees.

Therefore the other options are incorrect.

Hence we can conclude that scheduling personnel represents an example of an operations management of an operational decision.

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What happens when the price of a good increases

Answers

Answer:

the value of good increases (goes up)

Select the correct answer.
Informatics includes all support staff at a hospital.
A. True
B. False

Answers

The answer is A.true

A sales associate authorized to negotiate a sale of property has the authority to

Answers

Has the authorization to perform underneath the supervision of a broker or, in certain circumstances, a founder.

A sales assistant who's been authorized to negotiate this same acquisition of real estate seems to have the authorization to operate under the supervision of a real estate agent or, under certain circumstances, ownership.He isn't permitted to modify legal requirements, or to affect the price or conditions of a specific asset without the supervisor's explicit approval.

Thus the above response is right.

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An example of a poor study environment is a place with

a chair that has a strong back.
textbooks and other resources.
minimal talking and no background noise.
messy surfaces and a lot of movement.

Answers

Answer:

messy surfaces and a lot of movement

Explanation:

It will make you less focused

Answer:

D messy surfaces and a lot of movement.

Explanation:

8. Primary data is high cost and time consuming. (1 Point) O True O False​

Answers

Answer:

True

Explanation:

Primary data is the information collected for the first time by a researcher. It is precisely for a particular study. The researcher uses interviews, surveys, or experiments to collect the data. It means the researcher or his representative has to go to the field to gather the required information.

Fieldwork is time-consuming and costly. Money is needed to meet logistics expenses and the cost of data collecting techniques such as questionnaires and recording devices. The researcher may need to engage assistants who have to be paid.

Analysis of Airline Results

Actual operating statistics for the three months ended June 30 in a Continental Airlines quarterly report follow:


Current Year Preceding Year
Revenue passengers carried 946,603 1,044,697
Revenue- passenger-miles (000s)* 549,179 577,071
Scheduled aircraft miles flown 9,472,766 8,595,308
Available seat- miles (000s) 971,028 839,720
Passenger load factor 56.6% ?
Yield per revenue-passenger-mile $ ? $ .0884

• A revenue-passenger-mile is 1 passenger carried 1 mile. For example, 2 passengers carried 800 miles would be 1,600 revenue-passenger-miles.
• Total revenue divided by revenue-passenger-mile.

The president of Continental commented:
“In the second quarter, airline revenues were nearly $64 million, a 25.6% increase compared with the preceding year. Revenue-passenger-miles, however, declined 5%, primarily as a result of weakened economic conditions. Meanwhile, the yield per passenger-mile increased 32% as a result of several fare increases made to counter spiraling costs.”

1. a. Compute the total passenger revenue in the second quarter of the preceding year.
1044697× 577,071= 602,864,342,487

b. Also compute the passenger load factor.
(Revenue- passenger-miles / Available seat- miles) × 100
(577,071/ 839,720) 100 = 68.7 %

2. Compute the yield per revenue-passenger-mile in the current year.
Total passenger revenue = 946603× 549179 = 519,854,488,937
Total passenger revenue generated / rpm
519,854,488,937/ 549,179= 946603

3. Assume that variable costs during the current quarter were 5cents per revenue-passenger mile. Also assume that the yield per revenue-passenger-mile was unaffected by the increase in the load factor. Suppose the passenger load factor had increased from 56.6% to 57.6%;

• Compute the increase in operating income that would have been attained.

Answers

Third quarter net income of $446 million, or $.73 per diluted share, driven by a $763 million offset of salaries, wages, and benefits expenses related to the receipt of Payroll Support Program (PSP) proceeds under the American Rescue Plan Act of 2021Excluding special items1, third quarter net loss of $135 million, or $.23 loss per diluted shareThird quarter operating revenues of $4.7 billion, down 17.0 percent compared with third quarter 2019Ended third quarter with liquidity2 of $17.0 billion, well in excess of debt outstanding of $11.2 billion

Explanation:

Single Choice
3) When should you say Thank you' to Guests?
O When you ask your Guest to do something.
O When they give you something like payment.
When a Guest asks you a question.
When you ask for their payment.

Answers

The time that you have to say thank you would be When you ask your Guest to do something.

When to say thank you to guests

You should say "Thank you" to guests in various situations to express your gratitude and appreciation.

When they give you something like payment: It is customary to say "Thank you" to guests when they provide you with payment for your products or services.

When you ask your guest to do something: If you ask a guest to do something for you, such as filling out a survey or providing feedback, it is polite to thank them for their time and effort.

When a guest asks you a question: If a guest asks you a question, it is a sign that they are interested in your business or product. Thanking them for their inquiry can help build rapport and goodwill.

When you ask for their payment: When requesting payment from a guest, it is courteous to express your appreciation for their business and thank them for their payment.

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is/are a good used as a medium of exchange that has intrinsic value in other uses. please choose the correct answer from the following choices, and then select the submit answer button. answer choices current u.s. dollar bills bank reserves fiat money commodity money

Answers

Commodity money is a good used as a medium of exchange that has intrinsic value in other uses. Option D.

Commodity-backed currency A medium of exchange without intrinsic value, whose ultimate value is guaranteed by a promise that it can be converted into a commodity of value. Fiat Currency: A currency that derives value solely from its official status as a means of payment.

Unlike commodity-based Intrinsic value such as gold coins and banknotes that can be exchanged for precious metals, fiat currency is fully backed by complete trust in the government that issued it. One reason is that governments are required to pay taxes on the legal tender issued. A token coin is a coin whose face value is greater than its commercial value.

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Bullwinkle Co. acquired an adjacent vacant lot with the hope of selling it in the future at a gain. The lot is not intended to be used in Bullwinkle business operations. Where should such real estate be listed on the balance sheet?

Answers

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