Answer: Responsible Management refers to charity.
WHAT IS RESPONSIBILITY MANAGEMENT?
In business, responsible management refers to the commitment that management and executives make to take the ethical and moral implications of their daily actions into consideration.
For incorporating ethics, sustainability, and the principles of entrepreneurship into any particular business model, responsible management in business has so far proven to be the most effective management structure.
The resource goes beyond simple management frameworks. It is a framework that guarantees that a set of standards is upheld throughout all business processes.
A more equitable and sustainable socioeconomic development depends on responsible management.
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True or False: an advertising campaign is a series of different and unrelated ads that use multiple themes and appear in different media over a long period of time.
It is false that an advertising campaign is a series of distinct and independent advertisements that use multiple themes and appear in various media over time.
What is the advertising campaign process?Step 1: Determine your goals and budget. Step 2: Identify your target audience. Step 3: Compose your message. Step 4: Develop a media strategy. Step 5: Conduct marketing campaigns.
What makes a good advertising campaign?The best advertising campaigns are often those that clearly communicate your brand equity to your audience, either intrinsically or externally. People don't want to work hard to understand what you're trying to convey. So be sure to communicate your message clearly and avoid confusion.
What are types of advertising campaigns?The type of advertising allows marketers to create campaigns that are relevant to the right people. Example: Display ads. Video ads. Mobile advertising. Native advertising. People who are interested in sports are very likely to be interested in sports apparel, so a sports apparel manufacturer can increase sales by advertising on sports blogs.
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The percentage of retired older workers has increased dramatically since the introduction of Social Security.A. TrueB. FalseC. Uncertain
The statement is true : The percentage of retired older workers has increased dramatically since the introduction of Social Security.
Long-term funding issues are present for Social Security. Many young employees think the situation is so bad that they might never get a Social Security check. The reasonable answer to Social Security's funding issue is to reduce projected benefits and moderately raise payroll taxes. Raising the early qualifying age and regular retirement age for retirement pensions is a logical method to cut future payments.
The significant increase in life expectancy since Social Security's inception in the 1930s serves as justification for this revision. When the average retirement age stays the same, a rise in life expectancy corresponds to a significant increase in lifetime Social Security benefits.
Voters are against raising the retirement age. Unfortunately, this is true of any other changes that would improve Social Security's financial stability, such as tax increases and changes to the formula used to determine full payments.
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Of the options listed below, which are examples of diversifiable risk? I. Wildfires damage an entire town II. The federal government imposes a $1,000 fee on all business entities III. Payroll taxes are increased nationally IV. All software providers are required to improve their privacy standards Multiple Choice o I and IV only o II and III only o I and III only o I, III, and IV only o II and IV only
A. I and IV only. I. Wildfires damage an entire town. IV. All software providers are required to improve their privacy standards.
What are diversifiable risks?
The chance of losing money on investment because of a company- or industry-specific hazard is known as a particular risk or diversifiable risk. Unlike systematic risk, unsystematic risk can only be reduced via diversification for an investor. By making investments in a variety of assets, an investor uses diversification to reduce risk. The risk that is unique to a corporation is referred to as unsystematic risk (also known as diversifiable risk). This kind of risk could be brought on by spectacular occurrences like a strike, natural disasters like fires, or even something as simple as declining sales. Business risk and financial risk are two typical types of unsystematic risk.
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_______ is the largest self-regulatory mechanism by which fair advertising and selling practices are promoted by the business community across all industries.
The Better Business Bureau
BBB is the largest self-regulatory mechanism by which fair advertising and selling practices are promoted by the business community across all industries .
What exactly is the BBB (Better Business Bureau)?A private group called the Better Business Bureau (BBB) informs the public about companies and nonprofits. It also deals with client concerns concerning businesses. The nonprofit bureau has created a scale from A+ to F-based rating system for companies. The ethics and performance of each company are taken into account when assigning a rating. The BBB advises businesses on ethical conduct. Businesses who adhere to these guidelines and pay yearly dues can be accredited by the agency. A company must operate transparently, possess the necessary permits, abide by BBB advertising guidelines, and have no unresolved customer complaints in order to be accredited.
A definition of the Better Business Bureau may include its goal of enhancing community and business trust. The public can learn more about companies, brands, and charities by using the BBB business profiles. The Council of Better Business Bureaus, a self-regulatory body, is the umbrella body for local bureaus in the United States, Canada, and Mexico.
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QUESTION 24 Layla runs a startup that makes custom engraved floor tiles. Her business is growing rapidly and she needs a cloud vendor to provide her with an operating system and a database management system. In this scenario, which of the following services will the vendor provide? a. Paas b. laaS c. Web hosting d. VPN e. CDN
In the scenario that we have here the type of service that the vendor will provide is called the PaaS. Option A
What is meant by PaaS?This is a service platform. Platform as a Service (PaaS) is a full-featured cloud development and deployment environment that has the tools you need to produce everything from basic cloud-based apps to complex corporate applications.
Offers you with computer platforms, which typically contain an operating system, an environment for executing programming languages, a database, a web server, etc. Examples include Windows Azure, Go.ogle App Engine, Heroku, Force.com, AWS Elastic Beanstalk, and Apache Stratos.
Platform as a Service (PaaS) is a full-featured cloud environment that has all the servers, operating systems, networking, storage, middleware, tools, and other components that developers need to create, run, and maintain applications.
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based on the following information, compute cash flows from financing activities under gaap. a. purchase of investments $ 150 b. dividends paid 1,100 c. interest paid 300 d. additional borrowing from bank 2,300
The cash flows from financing activities under GAAP, given the information, can be found to be $ 1, 200
How to find the cash flow from financing activities ?A part of a company's cash flow statement called cash flow from financing activities (CFF) displays the net cash flows used to fund the business. Transactions involving debt, stock, and dividends are considered financing activities.
The issuing and repayment of equities, the payment of dividends, the issuance and repayment of debt, and capital lease obligations are all examples of financial activity. The cash flow statement will show the amount of debt or equity that companies that need funding have issued.
The cash flow from financing activities here is:
= Additional borrowing from bank - Dividends paid
= 2, 300 - 1, 100
= $ 1, 200
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vjon fell owns an in the money call option with an exercise price of $45. the call currently sells for $3.75 and the stock sells for $47.50. which of the following is the most likely call price if the stock prices rises by $2.00? multiple choice question. $4.50 $5.80 $1.75
For the following question if the stock price rises by $2.00 call price will be $5.80.
What is meant by stocks?Stocks represent ownership in a publicly listed company. on purchasing a company's stake you become the shareholder of that company. If a corporation has 100,000 shares, for instance, and you purchase 1,000 of them, you will own 1% of the business.
How exactly do stocks operate?Investors purchase stock at a predetermined price based on the market's current conditions. Investors can sell a stock for a profit if the price increases. Investors can be selling at a loss if the price declines.
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Which statement accurately relates how the shift to electricity around 1900 affected the urban environment?A.Within five years, it had undone the harmful effects of industrializationB.Electricity had almost no effect, positive or negative, on the urban environmentC.It gradually improved the air quality of filthy citiesD.It, more than anything else, brought about global warming
Match each entrepreneur below with the field of enterprise with which he is historically identified.
A. Andrew Carnegie 1. steel
B. John D. Rockefeller 2. oil
C. J. Pierpont Morgan 3. tobacco
D. James Duke 4. banking
The Entrepreneur under with the sector of business enterprise with which he's traditionally identified: A-1, B-2, C-4, D-3.
The required details for Entrepreneur in given paragraph
An entrepreneur is an character who creates and/or invests in a single or greater companies, bearing maximum of the dangers and playing maximum of the rewards. The procedure of putting in place a enterprise is called entrepreneurship. The entrepreneur is usually visible as an innovator, a supply of latest ideas, goods, services, and enterprise/or procedures. More slim definitions have defined entrepreneurship because the procedure of designing, launching and jogging a brand new enterprise, that is frequently just like a small enterprise, or because the "capability and willingness to develop, arrange and manipulate a enterprise project at the side of any of its dangers to make a profit." The individuals who create those companies are frequently known as entrepreneurs. While definitions of entrepreneurship commonly attention at the launching and jogging of companies, because of the excessive dangers concerned in launching a start-up, a considerable percentage of start-up companies need to near because of "loss of funding, awful enterprise decisions, authorities policies, an monetary crisis, loss of marketplace demand, or a aggregate of all of those.
In the sector of economics, the time period entrepreneur is used for an entity which has the cap potential to translate innovations or technologies into merchandise and services.
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the focus of digital laryngeal manipulation is to decrease the excessive contraction of the muscles of the larynx. t/f
It is true that the focus of digital laryngeal manipulation is to decrease excessive contraction of muscles of the larynx.
What is manipulation?In psychology, manipulation refers to a pattern of conduct intended to take advantage of, dominate, or in some other way influence another person. Different definitions of the term include different behaviors, depending on the culture and whether they are used to refer to the general public or patients. Manipulative tendencies can be a symptom of personality disorders including borderline personality disorder, narcissistic personality disorder, or antisocial personality disorder. The personality trait known as Machiavellianism includes manipulation as a key element. Manipulation is also connected with greater levels of emotional intelligence. The two types of influence are not the same as manipulation. The right of an individual to accept or reject influence is typically regarded as being unaffected by influence, and thus makes it appear to be harmless.
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at april 30 marigold ocmpany has the following bank information cash balance per bank 2240 outstanding checks 393 deposits in transit 288. What is Kessler's adjusted cash balance on April 30?
When there is credit balance in the cash account, a company can record a negative cash position on its balance sheet.
What do deposits in banks mean?Customers who want to maintain a particular amount of cash in a bank for a specific duration of time can use bank deposits, a sort of savings product. Regardless on the amount and for how long the customer decides to deposit, the banking company will provide the client with the necessary interest as recompense.
How is a deposit account classified?A customer can make deposits and withdraw funds from a deposit account, which is a bank account kept by a financial institution. Savings accounts, current accounts, or any of the other types of accounts listed below can be deposit accounts.
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Which of these are advantages of centralized management using directory services? Check all that apply.Role based access can organize user group centrallyconfig management is centralizedaccess and authorization are managed in one place
Centralized Management, which depends on Application® directory services, offers a strong and affordable way to manage server and user policy.
What are the benefits of the advantages?The relevance of a service and how it solves a problem are typically explained in practical, physical, or verifiable terms by advantages. Advantages, on the other hand, are subjective and appeal to the emotions or sufferings of the prospect. In sum, benefits are significant because they matter, and advantages are important because they matter.
Is benefit the same as advantage?A benefit for society is anything that advances the welfare or enhances the condition of an individual or group. Advantage is anything that puts one in a better position, particularly when dealing with competition or challenges: It
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20. When studying the psychophysics of pricing, Thaler concluded that that buyers search for prices until the expected saving amount is a _ of the total price equals some critical value. a. Half b. Whole c. Proportion d. Cost is less than visiting an additional store e. All of the above
Study of quantitative relationships between psychological and physical events, or more precisely, between sensations and the stimuli that cause them, is known as psychophysics.
What is the first psychological law?Fechner (1860), who demonstrated how internal, intensive scales can be rebuilt if there is 1) a relationship between just detectable differences (JNDs) and increments in subjective intensity, proposed the first psychophysical law, the relationship between physical and subjective intensity.
Who was a proponent of psychophysics?The Law Weber-Fech, experimental psychology, the transformation of psychology into a quantitative discipline, and Gustav Fechner's development of psychophysics (for which he is also referred regarded as its "father") are what have made him most well-known. He was 86 years old when he died in 1887. He was born in the year 1801.
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Check is issued to establish a petty cash fund of $1,000.
The amount of cash in the petty cash fund is now $340. Check is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $383; miscellaneous selling expense, $158; miscellaneous administrative expense, $99. (Because the amount of the check to replenish the fund plus the balance in the fund do not equal $1,000, record the discrepancy in the cash short and over account.) journalize the entries
Journal entry to replenish petty cash:
Dr Petty Cash $340Cr Cash $340(To replenish petty cash)
Journal entry to record discrepancy in the cash short and over account:
Dr Office Supplies $383Dr Selling Expenses $158Dr Administration expense $99Dr Cash Over and Short $20Cr Cash $660(To record discrepancy in the cash short and over account)
What is replenishment in petty cashReplenishment of petty cash should be recorded based on the cash difference between the established petty cash and the current amount of the petty cash. The item "cash short and over account" will be used to balance these entries.
Particulars Amount
Office supplies $383
Misc. selling expense $158
Misc. administration expense $99
Cash short and over account $20
($660 - $383 - $158 - $99)
Cash $660
($1,000 - $340)
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The cost of merchandise sold during the year was $54,000. Merchandise inventories were $10,500 and $12,500 at the beginning and end of the year, respectively. Accounts payable were $6,000 and $9,000 at the beginning and end of the year, respectively. Using the direct method of reporting cash flows from operating activities, cash payments for merchandise total
The cash payments for merchandise total using the direct method of reporting cash flows from operating activities is $49,000.
How do you determine the cash payments for merchandise?To determine the cash payments for merchandise using the direct method of reporting cash flows from operating activities, you can use the following formula:
Cash payments for merchandise = Cost of merchandise sold - (Ending inventory - Beginning inventory) - (Ending accounts payable - Beginning accounts payable)
Plugging in the given values, you get:
Cash payments for merchandise = $54,000 - ($12,500 - $10,500) - ($9,000 - $6,000)
= $54,000 - $2,000 - $3,000
= $49,000
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after a need is recognized, the next step in the consumer decision making process is typically____ .
after a consumer recognizes a need, the second step is to search for information about the various options that exist to satisfy that need.
. under normal conditions, which of the following would be most likely to increase the coupon rate required for a bond to be issued at par?
It is to be noted that under normal conditions, the factor that would be most likely to increase the coupon rate required for a bond to be issued at par is: the addition of a sinking fund.
What is a sinking fund?A sinking fund is a fund formed by an economic organization by putting aside money over time to meet a future capital outlay or debt repayment.
A sinking fund is a method of saving money for a certain purchase by setting away a little amount each month. Sinking funds function as follows: each month, you set away money in one or more categories to be utilized at a later period.
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About 80% of top executives say that learning to ____ is the most important skill in getting things done in the workplace
o speak dearly. o listen o filter out distractions o answer e-mails prompty
About 80% of top executives say that learning to speak dearly is the most important skill in getting things done in the work place speak dearly.
What is importance of learning management skill?The business and management abilities you have acquired throughout your professional career to date are a significant asset; of course, gaining real-world management experience is necessary to become a successful manager. Studying academic management theory at Aston University is a particularly effective combination to achieve if you're looking for the best way to build on this experience as you advance in your career, whether you want to update your skills, accelerate your development, or change to a new career path. You will get insight into both your own areas of competence and those in which you lack practical experience if you enroll in a program of study that is intended to cover all aspects of business.
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Carla Vista Solutions, Inc., has just invested $5,487,300 in new equipment. The firm uses a payback period criteria of rejecting any project that takes more than four years to recover its costs. Management anticipates cash flows of $506,300, $980,400, $997,900, $1,383,300, $3,063,800, and $2,376,100 over the next six years. (Round answer to 2 decimal places, e.g. 15.25.) What is the payback period of this investment? Payback period is enter a number of years for the payback period rounded to 2 decimal places years. Should Carla Vista Solutions, Inc. go ahead with this project? The firm select an option the project.
The firm of Carla Vista Solutions Inc, will reject the investment because payback period is more than 4 years.
A non-discounted capital planning method is the payback period. It solely takes into account the gross cash flows and ignores the time value of money. The option with a shorter payback period is preferable.
We must determine the cumulative cash flows because the cash flows are not equal in order to determine the payback time.
Year Anticipated Cashflow Cumulative Cashflow
1 $506,300 $506,300
2 $980,400 $506,300 + $980,400 = $1,486,700
3 $997,900 $1,486,700 + $997,900 = $2,484,600
4 $1,383,300 $2,484,600 + $1,383,300 = $3,867,900
5 $3,063,800 $3,867,900+ $3,063,800 = $6,931,700
6 $2,376,100 $6,931,700 + $2,376,100 = $93,07,800
The payback period spans years 4 and 5 because the initial investment was $5,487,300 and the cumulative cash flow crossed it at the end of year 5.
Payback Period = Lower Year + (Initial Investment - Cumulative cash flow at lower year) / Cash flow of the higher year
= 4 years + (5,487,300 - 3,867,900)/3,063,800
= 4years + 1619400/3063800
= 4 years + 0.53
4.53 years (approx)
As the payback period is 4.53 years, i.e. more than 4 years, this investment does not meet the firm's payback criteria.
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If country A can produce both goods X and Y more efficiently, that is, with smaller absolute amounts of resources, than can country B:
A. then there is no possible basis for mutually advantageous specialization and trade between A and B.
B. we can conclude that A is an industrially advanced economy and B is a developing economy.
C. mutually advantageous specialization and trade between A and B may still be possible.
D. it will necessarily be advantageous for B to import both X and Y from A.
Country B can mutually advantageous specialization and trade between A and B may still be possible. Even though country A may be able to produce both goods X and Y more efficiently than country B, this does not mean that it is not possible for both countries to benefit from specialization and trade.
Country A may specialize in producing one good, while Country B specializes in producing the other. This allows both countries to benefit from economies of scale and to produce more of each good than either country could produce on its own. This mutually advantageous specialization and trade may be beneficial to both countries.
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(T/F) Scenario analysis can help us anticipate possible changes so we can most likely prevent them from happening.
Scenario analysis can help us anticipate possible changes so we can most likely prevent them from happening. - False
Scenario analysis is a tool that helps organizations anticipate and prepare for potential changes in the future. It involves developing and analyzing a range of possible scenarios or outcomes that could arise from different combinations of factors, like economic trends, technological developments, political events, and environmental changes.
The analysis does not necessarily help to prevent changes from happening, but it can help to be more resilient and adaptable when changes do occur. By considering a range of possible futures, organizations can better understand the implications of different scenarios and take proactive steps to mitigate potential risks and seize opportunities.
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Subtracting a decrease in Unearned Revenue from net income eliminates the effect of recording revenue that:
decreased net income and decreased cash flow this period
increased net income and increased cash flow this period
increased net income, but did not impact cash this period
decreased net income, but did not impact cash this period
Subtracting a decrease in Unearned Revenue from net income eliminates the effect of recording revenue that: decreased net income and decreased cash flow this period
Unearned revenue is money received from an individual or business for a service or product that has not yet been provided or delivered. It is a "prepayment" for services or products that an individual or company is expected to provide to the buyer at a later date. As a result of this prepayment, the seller owes the revenue earned until the good or service is delivered. This liability is classified as current because it is anticipated to be resolved within a year. Deferred revenue and advance payments are other terms for unearned revenue.
When unearned revenue is received, it is included in the cash flow statement and is recorded as a liability on the balance sheet. It is then included in the income statement after the service is performed in exchange for payment.
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The map above shows what significant economic developments?
answer choices
Trade connections that linked the Hellenistic and Mauryan empires to African cities from 300 to 150 BCE
Trading networks that promoted the growth of new cities from 600 CE through 1450 CE
Chinese dominance of Indian Ocean trading networks because of the voyages of Zheng He in the 1400’s CE
Changes in Indian Ocean trading networks that resulted from technological innovations from 1450 CE through 1750 CE
The significant economic development is buying and selling networks that promoted the increase of new cities from 600 CE through 1450 CE.
The number one language spoken by means of people sailing and buying and selling in the Indian Ocean around 1400 ad and Arabic became the common language of business at some point in the Indian Ocean. Muslim traders could journey through an ocean and meet different Muslim merchants who spoke the identical languages and had comparable cultural values. long-distance alternate depended on belief. You needed to accept as true the humans transporting your items to the marketplace.
The quality describes the impact of the unfold of Islam on the Indian Ocean alternate primarily based on the maps and your know-how of global records, which of the subsequent satisfactory describes the effect of the unfold of Islam on the Indian Ocean exchange It brought about the enlargement and intensification of commerce along already current trade routes.
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* Global sourcing: a business purchases materials, manufacturing components, or services from around the world, taking advantage of international wage gaps by contracting low-cost goods and services in foreign locations.
Global sourcing is a business technique in which a corporation contracts for low-cost goods and services in other countries, taking advantage of pay differences across borders.
What is the key benefit of global sourcing?One of the key benefits of global sourcing is cost reduction. Particularly in low-cost areas, many overseas suppliers and manufacturers provide their services at a competitive rate. Businesses can frequently purchase things at a cheaper unit cost because manufacturing costs are typically lower.
How might sourcing strategies raise productivity?The study discovered that strategic sourcing helps the organization to focus on its core functions that help the firm gain strategic advantage while also acting as a mechanism by which business conditions or problems are alleviated in a manner that is more efficient or effective.
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A portfolio manager needs to allocate new money received from a client to fixed income. The PM believes that interest rates will increase in the near future and remain elevated. The coupon structure most likely to be favored by the portfolio manager under these conditions is a:A) fixed-coupon bond.B) floating-rate note.C) inverse floating-rate note.
The coupon structure most likely to be favored by the portfolio manager under these conditions is a B) floating-rate note.
A debt instrument with a changeable interest rate is known as a floating-rate note (FRN). An FRN's interest rate is correlated to a benchmark rate. Benchmarks include the interest rate on U.S. Treasury notes, the Fed funds rate, the prime rate, and the London Interbank Offered Rate (LIBOR).
Financial organizations, governments, and businesses can issue floating rate notes or floaters with maturities ranging from two to five years. A sizable portion of the investment-grade bond market in the United States is made up of floating-rate notes (FRNs).
Floaters, as opposed to fixed-rate debt instruments, enable investors to profit from an increase in interest rates because the floater's rate is periodically adjusted to reflect current market rates. The Fed funds rate is a common benchmark against which floating rates are measured.
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Rose Bush Nursery purchased a delivery truck for $27,000. The truck is expected to have a useful life of 4 years and a residual value of $1,080. If the truck was purchased on June 1, 2013, what is the amount of depreciation expense for the truck for the year ended December 31, 2013?
$3,780
$1,080
$6,480
$3,240
The amount of depreciation expense for the truck for the year ended December 31, 2013 will be $3,780 if it has a residual value of $1,080.
What is residual value?The estimated value of a fixed asset at the conclusion of its useful life or lease term is known as the residual value, sometimes known as salvage value. In lease agreements, one of the lessor's main methodologies for figuring out how much the lessee must pay in periodic lease payments is the residual value. One of the components of a lease calculus or operation is residual value. It expresses the absolute future value of a good in monetary terms, and it is occasionally expressed as a percentage of the original purchase price. An automobile is sold today for the list price of $20,000.
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The up-sloping aggregate supply curve means that rightward shifts of aggregate demand result more in demand-pull ______ than in increased output.
The up-sloping aggregate supply curve means that rightward shifts of aggregate demand result more in demand-pull inflation than in increased output.
What is an up-sloping aggregate?
Longer-term bonds often have higher yields than short-term bonds in upward-sloping yield curves, also known as normal yield curves. Normal curves indicate economic growth, whereas downward-sloping (inverted) curves indicate economic contraction. Due to the economy's growing income, the AD curve is upward-sloping. People's spending grows along with their income, which drives up AD and the other way around. Because of the positive link between income and AD, the AD curve is upward-sloping. The downward dipping of the aggregate demand curve, as seen in, is its most obvious characteristic. There are several factors at play in this relationship.
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money market mutual fund balances held by businesses $100 money market mutual fund balances held by individuals 220 currency in banks 10 currency in circulation 60 savings deposits, including money market deposit accounts 50 large-denominated ($100,000 or more) time deposits 180 small-denominated ($100,000 or less) time deposits 80 checkable deposits 80 refer to the table. money supply m2 for this economy is multiple choice $80. $500. $60. $490.
In the given case, the money supply M2 for this economy is $ 490. Money supply is calculated as MS = MB x MM. The correct option is (D).
What do you mean by the money supply?The total amount of money—cash, coins, and balances in bank accounts—in circulation is known as the money supply.
The money supply is typically understood as a collection of secure assets that individuals, businesses, and governments can use to make payments or hold as short-term investments.
In conclusion, the money supply is crucial because inflation will occur if it increases faster than the economy's capacity to generate goods and services.
Here,
M1 = Currency in Circulation + checkable deposits
M1 = 60 + 80
M1 = 140
M2 = M1 + time deposits(small - denominated) + savings deposits + money market funds held by individuals
M2 = 140 + 80 + 50 + 220
M2 = 490
Therefore, in the given case, the money supply M2 for this economy is $ 490. Money supply is calculated as MS = MB x MM.
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fur product labels or hang tags must indicate any process that has been done on the fabric, including coloring. True or false
The given statement is the question about fur product labels or hang tags is TRUE.
1. If the product contains fur that has been sheared, plucked, or let-out, that information must be listed first on the label before any other information (optional)
2. the adjective version of the animal's nation of origin name (optional)
3. the creature's name
4. if the fur product is made up of fragments
5. Country of Origin
The product description should include information about the product's contents, materials, and quantity as well as the name and address of the maker, packer, or distributor. For tracking purposes, you may also specify a batch or serial number; For particular regulatory criteria, compliance scores.
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ch 2 kb. the cost of goods manufactured is calculated by group of answer choices beginning wip current manufacturing costs - ending wip beginning fg current manufacturing costs - ending fg beginning wip - current manufacturing costs - ending wip beginning fg - current manufacturing costs - ending fg
A schedule or statement that lists all production costs incurred by a business over a given time period is known as a cost of goods manufactured (COGM) in management accounting.
What Methods Are Used to Determine Direct Materials?We must take the Raw Materials Inventory T-account into consideration in order to ascertain the actual direct materials utilized by the company for manufacturing. The inventory of resources that are awaiting us in production is referred to as the raw materials inventory. For instance, the debit side of the T-Account for raw materials inventory would be reported if a corporation bought raw materials for use.
Describe WIP inventory?Additionally, if a certain quantity of raw materials was requested for use in production, that quantity would be removed from the raw materials inventory and moved to the WIP Inventory. Direct and indirect materials may both be included in the raw materials inventory. To calculate the number of direct materials used, beginning and ending balances must also be used. Let's look at the next raw materials T-account as well.
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