The money supply can only fluctuate by a maximum of $200 million in this situation.
The term "money multiplier" describes the phenomena of credit creation brought about by the fractional reserve banking system, which requires banks to retain a predetermined amount of deposits in reserves to be able to meet any prospective withdrawal demand.
In other words, it means that a bank must hold a portion of all deposits as reserves while having the option to lend out the remainder to expand the amount of money in the economy.
Money Multiplier is equal to 1 / Required Reserve Ratio,
or 100/10,
Money Multiplier = 10
The total Money Supply is equal to Money Multiplier x Total Deposits.
Money Supply: 10 times $20 = $200 million
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1.Institutions that help to match one person's saving with another person's investment are collectively called theA.Federal Reserve system.B. banking system.C.monetary system.D.financial system.
Institutions that help to match one person's saving with another person's investment are collectively called the financial system.
What are the financial system's components and purposes?An economic structure known as a financial system allows for the transfer of assets and money between lenders, investors, and borrowers with the help of financial institutions. Its purpose is to effectively allocate economic resources in order to stimulate economic growth and produce a return on investment (ROI) for market players.
Why is the financial system crucial?A stable financial system is capable of effectively allocating resources, identifying and managing financial risks, preserving employment levels close to the natural rate of the economy, and preventing relative price movements of real or financial assets that could jeopardize monetary stability or employment levels.
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Revenue generated by online TV and movies is expected to grow by nearly 30% between 2018 and 2021. Group of answer choices True False Millennials are the first generation to be born into the digital revolution of the twentieth century. Group of answer choices True False Which of the following magazines underwent a digital remaking following the introduction of a metered paywall in 2014? Group of answer choices The New Yorker Sports Illustrated Time Newsweek
1. True, Revenue generated by online TV and movies is expected to grow by nearly 30% between 2018 and 2021.
2. True, 1. Group of answer choices True False Millennials are the first generation to be born into the digital revolution of the twentieth century.
3. The New Yorker Sports underwent a digital remaking following the introduction of a metered paywall in 2014
What is meant by digital remaking?The act of employing digital technology to build new business processes, cultures, and customer experiences—or adapt current ones—in order to satisfy shifting business and market requirements is known as digital transformation. Digital transformation refers to this reinvention of company in the digital age.
Business executives must be willing to make significant changes as a result of digital transformation, even if those changes go against their current goals and convictions. Automation and data-driven insights may help a business realize that its current methods are ineffective or wrong.
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when machine-hours are used as an overhead cost-allocation base, the most likely cause of a favorable variable overhead spending variance is . question 18 options: the production scheduler efficiently scheduled jobs strengthened demand for the product a decline in the cost of energy excessive machine breakdowns
a decline in the cost of energy excessive ,machine breakdowns a decline in the cost of energy.
What is fixed overhead budget?The fixed overhead budget variance is also known as the fixed overhead spending variance. Fixed overhead costs are the indirect manufacturing costs that are not expected to change when the volume of activity changes.
What comes under fixed budget?A fixed (static) budget presents budgeted amounts at the expected capacity level. It is best used when the department's activities (e.g., sales) are stable. A deficiency with the static budget is the lack of flexibility to adjust to unexpected changes.
How is static budget calculated?To calculate a static budget variance, simply subtract the actual spend from the planned budget for each line item over the given time period. Divide by the original budget to calculate the percentage variance
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A ______ identifies the best media to use to deliver an advertising message to a targeted audience and is a subsection within a marketing communications plan.
A media plan identifies the best media to use to deliver an advertising message to a targeted audience and is a subsection within a marketing communications plan.
What is a media Plan?The audience that will be targeted, the channels that will be used, the timing, and the message will all be specified in a media plan. A set of advertising chances that target a certain audience and work with the company's marketing budget will come from an efficient media plan.
Why is a media plan important?Successful media planning entails that the company uses advertising to grow its clientele, boost its market share, increase consumer brand awareness, and solidify its reputation. Planning enables easy and cost-effective achievement of the brand's goals and identification of key crucial areas for promotional activities.
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according to the u.s. federal trade commission, country of brand and country of design are required to be displayed for all textile and apparel products.
According to US federal trade commission, the country of brand and country of design should display 60% cotton and 40% polyester for all textile and apparel products.
With some exclusions regarding banks, insurance corporations, non-profits, transportation, and communications common carriers, air carriers, and some other entities, the Federal Trade Commission enforces a variety of antitrust and consumer protection laws affecting almost every sector of trade.
Materials comprised of natural, synthetic, or a combination of both fibers, thin threads, or filaments are known as textiles. There is a huge range of textile fiber types accessible, and they can be divided into natural (organic) fibers and man-made (synthetic, industrial) fibers.
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a caesar cipher uses a plaintext character to compute two or more encrypted characters, and each encrypted character is computed using two or more plaintext characters.
When something is "appended," it is done so at the end of another thing. By opening a file in the "a" mode, you can add content to it. When we wish to add a new line to something, we can open it in "a" mode (append), then execute the write() method while supplying the content we want to append as an argument.
Describe an example of plaintext.
Email messages that merely contain text, for instance, are known as plaintext emails. Plaintext communications are frequently used in marketing emails since HTML-encoded messages and messages with additional binary components are frequently blocked by spam-filtering software.
What are ciphertext and plaintext?
It is in plaintext if you can understand what is written. Ciphertext, often known as encrypted text, is a collection of randomly generated letters and numbers that are incomprehensible to humans. A plaintext message is input into an encryption algorithm, which then processes the plaintext to create ciphertext.
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The curve has a positive slope because as prices of final goods and services rise, prices of inputs rise more slowly. A) short-run aggregate demand B) short-run aggregate supply C) long-run aggregate supply D) long-run aggregate demand
The curve has a positive slope because as prices of final goods and services rise, prices of inputs rise more slowly is short-run aggregate supply.
Why does the short-term aggregate supply curve have a positive slope?Given that certain nominal input prices are fixed and that more manufacturing processes get bottlenecked as output increases, the aggregate supply curve is upward sloping in the near run. Low levels of demand allow for output to be expanded without experiencing diminishing returns and an increase in the average price level.
Which curve for total supply has a positive slope?The upward-sloping aggregate supply curve, sometimes referred to as the short run aggregate supply curve, demonstrates the favorable short-term link between price level and real GDP.
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arguments for the activist approach toward social responsibility of organizations include that it is management's responsibility to earn profits for owners, that potential conflicts of interest occur when managers must meet profit goals and simultaneously enhance social welfare, and that businesses lack the expertise to manage social problems.
Corporate social responsibility (CSR), also referred to as social responsibility in business, is the practice of individuals and organizations acting morally and conducting business while being mindful of social, cultural, economic, and environmental concerns.
Explanation:An organization's social obligations are those duties that the organization owes to society.
When a company participates in social activities, such as the Walk for Life, awards scholarships, hosts sporting events, and many others, it just raises public knowledge of the company; it does not give the company any new authority over the general populace or another company. Instead, it improved the quality of the participants' lives. Therefore, the notion that commercial involvement in social initiatives results in an overabundance of power cannot be used to discredit social organizations.
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a party who claims that he or she could not understand contractual terms because of tiny, hard-to-read print on the back of an agreement and the excessive use of legalese is referring to which of the following? question 36 options: an in pari delicto agreement procedural unconscionability substantive unconscionability commercial impracticability adhesion conscionability
A party who claims that he or she could not understand the contractual terms because of tiny, hard to read print on back of an agreement and the excessive use of legalese is referring to procedural unconscionability.
Procedural unconscionability which refers to the unconscionability in how a contract was said to be formed between the parties. This is now said to result from one party having a significant advantage over the another, that is, bargaining power and intelligence.
So a party who claims that he or she could not understand contractual terms and the excessive use of legalese is referring to procedural unconscionability as it describes a condition which tends to impair one party's understanding of the contract.
Hence, the unconscionability derives from the process of making a contract.
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A delivery service places packages into large containers before flying them across the country. These filled containers vary greatly in their weight. Suppose the delivery service's airplanes always transport two such containers on each flight. The two containers are chosen so their combined weight is close to, but does not exceed, a specified weight limit. A random sample of flights with these containers is taken, and the weight of each of the two containers on each selected flight is recorded. The weights of the two containers on the same flight (a) will have a correlation of 0 (b) will have a negative correlation (c) will have a positive correlation that is less than 1 (d) will have a correlation of 1 (e) cannot be determined from the information given
Weights of the two containers on the same flight will have a negative correlation." So, the correct option is (b) will have a negative correlation.
A negative correlation may be a relationship between two factors in which an increment in one variable is related to a decline in the other. The perfect negative linear correlation between two variables is indicated by a correlation coefficient of 1 or -1.
The correlation coefficient between the weights of the two containers will be less than 1 because there is some variation in the weights of the containers.
The two containers are regularly chosen so that their add up to weight is near to, but does not exceed the stipulated weight confinement. The suggestion is that if one container is heavier than normal, the other one must too be lighter.
Therefore, the weight of two containers on the same flight will have a negative correlation. Option b. is correct.
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True or False: the three major activities in new-product development are to (1) generate new ideas, (2) screen and evaluate ideas, and (3) define and test product concept.
The given statement about major activities in new product development is False.
major activities in new product development are:
1. Identify potential product markets
2. Specify the market potential
3. expand the business possibility
Ideation, Feasibility, and Capability are the three stages that can generally be used to navigate the product development process.
Generally speaking, product development refers to all phases that go into creating a product, from concept or idea to market release and beyond. In other words, the complete path of a product is incorporated into product creation. There are numerous steps in this procedure, and every firm will follow a different course.
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the small business administration: lends exclusively to small business investment companies that in turn lend to small businesses makes only working capital loans lends to businesses with reasonable prospects of repayment but which cannot obtain credit through private channels makes loans at lower than market rates
Small business administration leads to businesses with reasonable prospects of repayment but which cannot obtain credit through private channels. Option C.
A term loan is one of the most common types of small business loans and is a lump sum payment of cash that is repaid over a period of time. Monthly payments are usually fixed and interest is added to the principal.
They offer short and long-term loan lines of credit cards and other small business debt options. to better manage expenses and business fluctuations. There are two basic types of financing available for small businesses debt financing and equity financing. Banks and other credit institutions are a common form of debt financing for small businesses.
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According to the Small Business Administration, a small business is an independent business with fewer than _____ employees
a. 500
b. 100
c. 50
d. 10
The Office of Advocacy generally defines a small business as an independent business having fewer than 500 employees.
Generally speaking, a small business is a privately held corporation, partnership, or sole proprietorship with fewer employees and lower yearly income than a corporation or regular-sized business. The definition of "small" varies by country and industry in terms of being qualified for benefits from the government and favorable tax treatment.
The U.S. Small Business Administration establishes what qualifies as a small business based on a set of standards depending on specific industries. In comparison to mid-size and large firms, small businesses may be eligible for specific small business loans and are subject to some additional rules.
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The biggest difference between National Incident-Based Reporting System (NIBRS) and Supplementary Reporting system (SRS) is ______.
The biggest difference between National Incident-Based Reporting System (NIBRS) and Supplementary Reporting system (SRS) is having communities safer.
The Supplementary Reporting system in the United States is not count in ordered can be submitted at a continued hearing and to provide the court with a new information about the reporting.
In the Supplementary Reporting system is the information which is used to collect monthly counts of the number of crimes known to law enforcement from many agencies in the United States.
A system that gathered information on each occurrence of reported crime. The NIBRS mandated local law enforcement agencies to submit at least a brief narrative of each incident/arrest, which set it apart from the UCR.
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_____ costs are the costs associated with changing from one choice, such as a brand, retailer, or service provider, to another.a. Switchingb. Transferc. Conversiond. Shillinge. Infiltrating
Switching costs are the costs associated with changing from one choice, such as a brand, retailer, or service provider, to another. Thus the correct option is A.
What is a Retailer?A retailer is referred to as a channel of distribution that purcahse goods from wholesalers in small amounts and sells them to customers. he is a direct link with customers so able to understand the demands taste and preferences towards products.
The expenditures a customer incurs when switching brands or products are referred to as switching costs. Switching costs are substantial because they enable businesses to sustain sales while also increasing brand recognition.
By decreasing the likelihood that a consumer will move to an alternative product rather than continuing with your brand, higher switching costs naturally reduce defection.
Therefore, option A is appropriate.
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The income statement and selected balance sheet information for Calendars Incorporated for the year ended December 31 are presented below.
Income Statement
Sales Revenue $ 86,000
Expenses: Cost of Goods Sold 40,000
Depreciation Expense 16,800
Salaries and Wages Expense 10,800
Rent Expense 3,300
Insurance Expense 1,700
Interest Expense 1,600
Utilities Expense 1,400
Net Income $ 10,400Selected Balance Sheet Accounts
Ending Balances Beginning Balances
Inventory $ 445 $ 520
Accounts Receivable 2,200 1,820
Accounts Payable 1,280 1,460
Salaries and Wages Payable 530 290
Utilities Payable 120 0
Prepaid Rent 70 110
Prepaid Insurance 60 70Required:
Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. (Amounts to be deducted should be indicated by a minus sign.)
CALENDARS INCORPORATED
Statement of Cash Flows (Partial)
For the Year Ended December 31
Cash Flows from Operating Activities: Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Changes in Current Assets and Current Liabilities 0
$0
CALENDARS INCORPORATED Statement of Cash Flows (Partial) For the year ended December 31 Cash flow from operating activities.
What is statement cash flow?
Having a high degree of cash conversion flexibility, cash equivalents are short-term assets. They include, among other things, the balances in savings and money market accounts, short-term CDs, and short-term government securities (e.g., treasury bills). Short-term commercial paper is another illustration of an alternative to cash (negotiable notes receivable issued by other companies).
On the balance sheet, you can show cash and cash equivalents together or separately. Some companies combine cash with short-term investments in marketable stock instruments. Effective financial management invests any surplus in cash equivalents, leaving very little cash on hand in the actual world. The distinction between cash and cash equivalents tends to lose significance with the availability of highly liquid assets.
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the phillips curve forecast involves using as part of the y variable with unemployment and as parts of x variables
The Philips curve forecast involves using as part of the y variable with unemployment and as parts of x variables. This statement is true.
What is meant by Philips curve?The average association between wage behaviour and unemployment over the course of the business cycle was illustrated by Phillips' "curve." It displayed the rate of wage inflation that would occur if a specific unemployment rate maintained over an extended period of time. Phillips curve estimates were made quickly for the majority of industrialised economies.
The Phillips curve shows a consistent negative relationship between unemployment and inflation. According to William Phillips' theory, inflation follows economic expansion and should result in more jobs and lower unemployment.
= e h (u u N),h > 0. (1) Here, the inflation rate is, and the predicted inflation rate is e. Here, h is a constant positive coefficient and u is unemployment.
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FILL IN THE BLANK ________ teams have been found to have a positive effect on productivity and attitudes of control, yet no impact on job satisfaction or organizational commitment.
Project
Cross-functional
Work
Self-managed
Virtual
Self-managed teams have been found to have a positive effect on productivity and attitudes of control, yet no impact on job satisfaction or organizational commitment (Option 4).
What are self-managed teams?Self-managed teams are different organizational groups in which the individuals that form part of the institution are able to take decisions on their own, which has positive outcomes in terms of productivity and also the ability to handle different situations.
Therefore, with this data, we can see that self-managed teams are positive in the way that they can manage different situations and it increases productivity.
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the accountant at swiftly company is figuring out the difference in income taxes the company will pay depending on the chouice of either fifo or lifo as an inventroy costing method the tax rate is 30 and the fifo method will result in income before taxes of 8100
The typically raise that the tax difference between the two ways would be paid as follows: = 2,622 - 2,430 = 192.00.
What exactly is taxation?
Taxation is indeed the imposition of obligatory taxes on individuals or companies by governments in practically every country of the globe. Although it can be used for other things as well, taxes are typically utilized to raise money for government spending.
The importance of taxes.
Governments utilize the money they acquire through taxes to fund social projects, thus taxes are essential. Government initiative to the medical sector would not be possible without taxes. Social care, health research, social security, and other health-related services are all funded by taxes.
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Which of the following statements is most correct?
a) Regulations in the United States prohibit acquiring firms from using common stock to purchase another firm.
b) Regulations in the United States require acquiring firms to use common stock to purchase another firm.
c) Hostile mergers always create value for the acquiring firm.
d) A conglomerate merger is one where a firm combines with another firm in the same industry
e) None of the above
None of the above is the most correct statement. The correct answer should be Defensive mergers aim to reduce a company's susceptibility to an acquisition.
a scenario in which one business joins forces with another in an effort to prevent a third business from acquiring it: The takeover bid has compelled them into a defensive merger with their biggest rival.
Defensive acquisitions are a type of corporate finance strategy in which businesses buy other businesses and assets to "defend" themselves from market downturns or potential takeovers. The typical motivation for an acquisition, which is typically increased market share or revenue, contrasts with a defensive acquisition.
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effective supervisors develop trust and build credibility with employees, peers, and bosses when they .
Effective supervisors increase trust and construct credibility with employees, peers, and managers when they Keep skills and competencies up to date.
Credibility is a judgment that the target market makes about how plausible the communicator is, adds psychologist Dan O'Keefe. And it is vital because human beings frequently choose to reply to a persuasive message primarily based no longer on the content but on their belief in the communicator.
Credibility as a frontrunner is essential because personnel needs to have the guarantee that whilst you are coping with them and assessing their performance, you are equipped and trustworthy.
Credibility is crucial for leaders fact trust is what holds leaders and fans collectively. Credibility takes time to broaden and may quickly slip away through missteps.
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When a partnership is insolvent and a partner has a deficit capital balance, that partner islegally required to:A. declare personal bankruptcy.B. initiate legal proceedings against the partnership.C. contribute cash to the partnership.D. deliver a note payable to the partnership with specific payment terms.E. None of the above. The partner has no legal responsibility to cover the capital deficitbalance.Answer: C. contribute cash to the partnership.
When a partnership is insolvent and a partner has a deficit capital balance, that partner islegally required to: contribute cash to the partnership.
What happens when a partner's capital balance is negative?A capital account deficit in your company indicates that you are taking more money out of the account than you are putting in. You would have a capital account deficit of $2,000, for instance, if you deposited $10,000 to your capital account during the fiscal quarter but used $12,000 from it.If a partner's capital account is in the negative, they must pay the partnership the negative sum.Such a capital shortfall when one partner is bankrupt is a loss to the remaining partners who are solvent.A partner is legally compelled to: provide funds to the partnership when a partnership becomes bankrupt and one of the partners has a deficit capital balance.To learn more about partnership refer to:
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a is a representation of knowledge that helps us draw inferences based on semantic regularities in the world.
Semantic regularities are features connected to the actions taken in many kinds of scenarios. Perhaps the images we are seeing in our minds are constructed using meaningful patterns from earlier scenes.
Many of us frequently take up a book without any pictures and start imagining an adventure. The reader's mental picture of the events in the story changes with each page turned. But where do these pictures come from? Many people would assume that it is just our imagination creating images of what we want the story to convey. However, studies like the one conducted by Andrew Hollingworth in 2005 imply that it's possible that our ideas are a mirror of what we've already seen and what we anticipate seeing when specific scenarios are named or described. Semantic regularities are features connected to the actions taken in many kinds of scenarios.
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supply chain systems manage the flow of products through distribution centers and warehouses to ensure that products are delivered to the right locations in the most efficient manner.
Supply chain execution system manage the flow of products through distribution centers and warehouses to ensure that products are delivered to the right locations in the most efficient manner.
What do you mean by Warehouse?A warehouse is a type of commercial building used extensively in the manufacturing and distribution sectors to store both finished items and raw materials as part of the supply chain.
Supply chain management is the control of flows. Any supply chain has five main flows: the flow of goods, the flow of money, the flow of information, the flow of value, and the flow of risk. The movement of items from a supplier to a client, as well as any customer returns or service requirements, are all included in the product flow.
Demand forecasting, often known as prediction, is a procedure used in supply chain management to make sure that products can be delivered and please customers. Striking a balance between having enough inventory to meet consumer demand without having an excess is the objective.
Therefore, Supply chain execution system is the correct answer.
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bug tracking softwareSystem developers use defect tracking software, sometimes called bug tracking software, to document and track program defects, code changes, and replacement code, called patches.
A thorough software program called a bug tracking software, often known as a defect tracker, maintains track of reported software bugs.
What exactly is a bug tracking program?Software used by quality assurance (QA) and software development teams to submit software bugs and issues is known as bug tracking software, sometimes known as issue tracking software. An effective bug tracking system is necessary for software development.
What is the price of bug tracking software?You may already be paying for issue tracking if you already have workflow, ALM, or project management software. Alternatives include a number of open-source and cost-free choices. Paid choices range in cost, but often cost $50 or less per month.
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Using the percentage-of-receivables basis, the uncollectible accounts for the year is estimated to be $33,000. If the balance for the Allowance for Doubtful Accounts is a $5,000 credit before adjustment, what is the amount of bad debt expense for the period? a. $5,000 b. $28.000 c. $33,000 d. $513,000
$513,000 is the amount of bad debt expense for the period. The percentage of bad debts that a company anticipates may encounter is calculated using the percentage of receivables method.
The method is used to fill out the allowance for dubious accounts, a counter account that deducts from the asset for accounts receivable. Divide the entire accounts receivable for a period by the bad debt amount, then multiply the result by 100. The main benefit of employing the percent of receivables technique is that it gives more accurate findings than others because it takes into account the company's real receivables as well as the length of time they have been past due.
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which of the following is true when comparing yield measures for money market instruments to yield measures for longer-term bond market yield measures? group of answer choices money market yield measures are derived from discount interest quotations, while bond market yield measures are derived from add-on interest. money market yield measures are based on simple interest, while bond market yield measures are based on compound interest. money market yield measures have a periodicity of one by design, while bond market yield measures have a periodicity that varies with coupon payment frequency.
The interest rate obtained from investing in assets with high liquidity and short maturities, such as negotiable certificates of deposit, U.S. Treasury bills, and municipal notes, is known as the money market yield.
What Is the Money Market Yield?The money market yield is derived by multiplying the holding period yield by a 360-day bank year divided by the number of days till maturity. It can also be calculated using a bank discount yield.Bond equivalent yield and CD-equivalent yield are closely related to the money market yield (BEY).Investors anticipate receiving a return on their investment from money market instruments, or the money market yield.The money market entails the buying and selling of substantial quantities of very short-term debt instruments, including overnight reserves or commercial paper.A person can make an investment in the money market by buying a money market mutual fund, purchasing a Treasury bill, or by opening a money market account at a bank.
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___ refers to a team strategy that entails simultaneously emphasizing internal team building and achieving external visibility. Informing O Probing Liquidating Parading Crowdsourcing
Option D is correct, Parading refers to a team strategy that entails simultaneously emphasizing internal team building and achieving external visibility.
A team strategy is a planned, well-organized arrangement that helps the team achieve its objectives as a whole. Effective strategies need well-considered, practical parameters that the team as a whole builds.
You must give everyone an opportunity to speak in order to develop a successful strategic strategy. Organizing break-out sessions where participants can discuss their ideas in smaller groups or with a partner is one technique to encourage idea sharing and achieve external visibility.
Making a meaningful strategy involves learning how to establish a team strategy, including everyone in the strategic planning process, being realistic about your end goals and how you're going to get there, and communicating with your staff.
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1. When you compose a message, you want your audience to find the information it needs quickly and to understand it. Your message should be easy to read and comprehend.
Strategic use of white space improves document readability. Which of the following techniques employ white space? Check all that apply.
Using bulleted and numbered lists
Using headings
Using serif typeface
Using parallel structures2. A WIDE variety of typefaces are available for business writers. Different typefaces suggest different purposes and occasions.
True or False: This selection uses a serif typeface.
True
False
Headings are important for visual impact and readability. Which of the following sentences about headings are true? Check all that apply.
Headings often appear in business reports.
Headings should not be used in formal documents.
Headings increase the skim value of a message.
3. Read the following sentence, and determine which technique is most applicable to improve its readability.
Please follow these steps when filling out an expense report: begin by writing your name, date, and position; record the exact expense amount; and obtain your supervisor’s signature.
Developing parallelism for balance
Using numbered or bulleted lists
Using graphic techniques
Choose the heading that is best at highlighting information and improves readability.
Financial Analysis of ABC Corp.
The Truth About ABC Corp. Profitability
Using bulleted and numbered lists techniques employ white space. It will improve readability.
Tips on how to improve the readability of your writing: Use short, simple sentences, Use common, everyday words, Use active voice, Keep your paragraphs short, Use headings and subheadings, Use lists, Highlight key points and Use visuals.
Readability is the ease with which a reader can understand a written text. It is a measure of the clarity and comprehensibility of a text and is used to determine the level of difficulty of a text. The readability of a text can be affected by many factors, such as the length of the sentences, the use of jargon, and the level of difficulty of the subject matter.
Hence, the correct option is "FIRST".
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In long-run equilibrium in a competitive market, firms are operating at a. the minimum of their average-total-cost curves. b. the intersection of marginal cost and marginal revenue. c. their efficient scale.
d. zero economic profit. e. all of the above.
In long-run equilibrium in a competitive market, firms are operating at: e. all of the above
What is competitive market?A competitive market is market where there are a huge number of sellers and buyers where no individual buyer or seller can affect the price of goods being sold. A competitive market can occasionally be called perfect competition. In a competitive market, no one leads the market and there isn't a difference in quality, price or amount between the rival companies and what they offer.
One of the most important things to learn about competitive markets is the fact that they are theoretical and not actual fact. There are markets that has one of the requirements and characteristics of competitive market, or perfect competition, but still nothing actually fits them all.
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