A fixed-price contract is an example of transferring risk from an owner to a contractor.
What is a Contract?A contract is referred to as an agreement that is enforceable by law based on the consent of both the parties involved in the deal fulfilling all the elements of a valid contract.
A contractual arrangement having a structure and control for the delivered goods or services is known as a fixed-price contract. A fixed-price contract is an illustration of risk being transferred from the owner to the contractor. Contracts with set prices have the advantage of a pricing guarantee.
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jeff green has been hired as a systems analyst by an online retail company. the company is expecting a huge network traffic triggered by the christmas sale, which will begin from the midnight of december 23. there is an urgent need to adopt a congestion control technique, and it is jeff's responsibility to ensure that he selects an appropriate open-loop congestion control technique to prevent this congestion before it occurs. which of the following techniques should jeff ideally choose to ensure that important traffic can survive the congestion while less sensitive frames are discarded?
Discarding policy techniques Jeff ideally choose to ensure that important traffic can survive the congestion while less sensitive frames are discarded.
What is discarding policy?Discarding Policy: A good discarding policy is one that allows the routers to prevent congestion while also partially discarding corrupted or less essential packages while still preserving the message's quality.When transmitting audio files, routers can drop less essential packets to avoid congestion and preserve the audio file's quality.A good discarding policy set by the routers allows them to prevent congestion, partially reject the corrupted or less important packages, and still retain the message quality.To learn more about discarding policy, refer to
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in an effort to combat the high costs and losses associated with turnover, managers at an analytics firm are studying the recruitment and training policies at a similar firm that has very low turnover. this is an example of .
In an effort to combat the high costs and losses associated with turnover, managers at an analytics firm are studying the recruitment and training policies at a similar firm that has very low turnover. this is an example of benchmarking.
What is Benchmarking?Benchmarking is the process of comparing the performance of a company's products, services, or processes to those of other businesses that are thought to be the best in the industry. The goal of benchmarking is to identify internal areas for improvement.
It is the practice of comparing a company's business processes and performance metrics to industry bests and best practices. Quality, time, and cost are the most commonly measured dimensions. It is a technique used to evaluate and compare performance in order to achieve continuous improvement. It is part of a comprehensive quality management process that includes the key components to move business forward.
In conclusion, the correct option is Benchmarking.
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The inability to show _______, or to resolve conflict with another person, can block people's ability to make positive deposits to the relationship bank account.
forgiveness
The inability to show forgiveness to resolve conflict with another person, can block people's ability to make positive deposits to the relationship bank account.
What do you mean by Bank account ?
A bank account can be defined as a financial account which is maintained by a bank or other financial institution. All the transactions between the bank and a customer are recorded.
These majorly include
Checking accountsSavings accounts Money market accountsThe role of bank account revolves around preparing and maintaining important financial reports, tax returns and ensuring that taxes are paid properly and on time.
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American Movieplex, a large movie theater chain, leases most of its theater facilities. In conjunction with recent operating leases, the company spent $28 million for seats and carpeting. The question being discussed over breakfast on Wednesday morning was the length of the depreciation period for these leasehold improvements. The company controller, Sarah Keene, was surprised by the suggestion of Larry Person, her new assistant.
Keene: Why 25 years? We've never depreciated leasehold improvements for such a long period.
Person: I noticed that in my review of back records. But during our expansion to the Midwest, we don't need expenses to be any higher than necessary.
Keene: But isn't that a pretty rosy estimate of these assets' actual life? Trade publications show an average depreciation period of 12 years.
Reflect on the following: How would increasing the depreciation period affect American Movieplex's income?
Who would be affected if Person's suggestion is followed?
Does revising the estimate pose an ethical dilemma?
Depreciation is basically the loss in the value of asset over a period of time due to its continuous usage, here the Movieplex has been taken on lease and it is depreciating due to usage.
So because number of years is increased, extending the depreciation period has an impact on depreciation costs. Depreciation costs would be 2,333,333 (28,000,000/12) for a lease with a term of 12 years, and 1,120,000 (28,000,000/25) for just a lease with a term of 25 years. Upper income comes from lesser costs.The financial side of prolonging the lease time is beneficial since it lowers expenses.The costs of American Movieplex will be affected if Person's suggestion is implemented.Learn more about depreciation here:
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Offshoring is a supply chain strategy that involves moving processes to another country. Which of the following statements related to offshoring is true? All of the above Firms can reduce labor costs by outsourcing processes to low labor-cost countries Firms can reduce the logistical costs of delivering products to international customers by offshoring Firms can avoid tariffs by manufacturing the products in other countries rather than exporting them Offshoring may not be the best choice, even if local labor wages far exceed those of other countries
All of the above
Offshoring has cost benefits like lower labor costs, reduced logistical costs, avoiding tariffsIt has superior qualityIt can have access to more advanced technologyOffshoring lets you lessen one of the most highly-priced components of your business, the labor fees. releasing this up a will can help you reinvest your budget into your enterprise and give you the opportunity to enlarge your offerings and service. basically working for your enterprise instead of in your enterprise.
They are mainly of two sorts: Product Offshoring: whilst the main product is synthetic somewhere else and is imported for sale in the domestic market. service Offshoring: while the product is manufactured in the home market, offerings like customer support, IT, advertising and marketing, and human sources are outsourced.
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each of the statements shown is characteristic of a phase in the development of a competitive market industry. please classify each statement as a cause of firms exiting the market, the number of firms in the market remaining stable, or firms entering the market. you are currently in a sorting module. turn off browse mode or quick nav, tab to items, space or enter to pick up, tab to move, space or enter to drop. firms exit the market number of firms remains stable firms enter the market
Firms would exit the market in the following circumstances:
Price is less than average costFirms post an economic loss.The market would remain stable in the following circumstances:
No firms earn economic profitFirms would enter the market in the following circumstances:
Price is greater than average cost.Firms earn both economic profit and accounting profit.A competitive market industry is characterised by many buyers and sellers of identical goods and services. Market price is set by the forces of demand and supply.
In the long run, firms would earn only accounting profit. If a firm earns economics profit in the short run, firms would enter the industry in the long run. This would reduce economic profit to zero.
In the short run if firms earn economic loss, in the long run, firms would leave the market. As a result, economic profit would rise to zero.
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federal law requires that certain payroll records be maintained. for each employee the employer must keep a record of: multiple select question. taxes withheld name, address, social security number, and birth date hours worked and wages paid proof of citizenship cumulative wages paid since employment began
Federal law requires that certain payroll records be maintained. for each employee the employer must keep a record of proof of citizenship; name, address, social security number, and birth date; taxes withheld; hours worked and wages paid.
An employee is someone who receives paid for paintings for someone or an agency. workers don't want to work full time to be considered employees—they in reality need to be paid to paintings by means of a corporation (the person or business that will pay them).
An instance of a worker is an income partner at a retail shop. for the reason that employees need to complete obligations in a specified manner, which includes wearing a name badge and greeting the patron with specific phrasing, the worker is taken into consideration as a worker.
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which southeast asian country remains a significant oil exporter relative to the size of its economy?
Brunei is the southeast Asian country remains a significant oil exporter relative to the size of its economy.
What is the main economic activity in Southeast Asia?
The largest economic sector in Southeast Asia is still agriculture. Except for Brunei and Singapore, agriculture is the primary means of subsistence in every country in the region. But agricultural employment has been falling. Agriculture is practiced by more than two-thirds of the labor force in Cambodia and Laos.
The economy in South Asia, an area with several developing nations, are all growing, with a variety of industries and exports like cotton in Pakistan and textiles in Bangladesh. India is the largest and most significant economy in the region, accounting for nearly 70% of its GDP.
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you work for a company that offers their services through the internet. it is critical that your website performs well. as a member of the it technician staff, you receive a call from a fellow employee who informs you that customers are complaining that they can't access your website. after doing a little research, you have determined that you are a victim of a denial-of-service attack. as a first responder, which of the following is the next step you need to perform in response to the security incident?
If you work for a company that provides services over the internet, you must take the next action to address the security incident: contain the problem. Your website needs to function properly.
The Internet (or internet) is a term used to refer to the worldwide network of computer networks that are linked together and exchange data using internet the Internet protocol suite (TCP/IP)[b]. A vast array of electronic, wireless, and optical networking technologies connect the various company private, public, academic, business, and government networks, which range in size from local to global. The World Wide Web's (WWW) interconnected hypertext documents and applications, e-mail, phone internet service, and file sharing are just a few examples of the wide company variety of information resources and services available on the Internet.
The United States Department of Defense commissioned research in the internet 1960s to enable computer time-sharing, which led to the development of packet switching and the creation of the Internet.
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When dealing with other cultures, international business managers can run the risk of __________, or the belief that their culture is superior to others.
When dealing with other cultures, international business managers can run the risk of ethnocentrism, or the belief that their culture is superior to others.
What is ethnocentrism?In social science and anthropology, as well as in informal English discourse, the term "ethnocentrism" refers to the practice of using one's own culture or ethnicity as a frame of reference to evaluate other cultures, practices, behaviors, beliefs, and individuals rather than the standards of the specific culture in question.
In contexts where ethnicity, inter-ethnic interactions, and related inter-group concerns are important, the term "ethnocentrism" is frequently employed. The phrase is typically defined as "believing that one's own group's ways are superior to others" or "judging that one's own group is superior to other groups."
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which country has the largest number of customers' contracts signed in it? how many contracts does it have?
The country which has the largest number of customers' contracts signed in it is U.S.A.
USA signs contracts with at least one client for unusual cities.Customers must be sorted by city and nation in ascending order in the answers to the questions about consumers by city and customers by country.
The largest consumer of goods and services worldwide is the federal government. Learn how to obtain contracts from the government. The largest single buyer of goods and services worldwide is the United States government. It grants more than $500 billion in contracts annually.
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the theory that states that businesses should not incur social expenditures unless required by law or required for the efficient operations of a business is the blank .
in this age of digital technology, what have the vast majority of consumers done to protect themselves from issues related to privacy?
In the present age of digital technology, people have taken steps to mask their data to protect themselves.
Data masking is a method for creating a synthetic copy of your company's data that appears to be real. The objective is to secure sensitive data and simultaneously provide a functional substitute when true data is not required, such as during software testing, user training, or sales demos. Data masking techniques affect the values of the data while maintaining the same format.
In order to ensure privacy and keep sensitive data safe for support, the data is typically recognized via masking and de-sensitized. In the present age of digital technology, people have taken steps to mask their data to protect themselves. Further, anonymization is the process of removing or masking personal identifiers from a data set so that, even when the data set is correlated with other data sets, it can never be used to identify an individual.
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comparable bonds are paying 8 percent and the approximate market value of a $1,000 bond is $1,375, then what is the semiannual interest on the bond?
The semiannual interest on the bond is
$1,375 × 0.08 = $110 that is annual interest;
$110 / 2 = $55 is the semiannual interest.
What is a bond?An IOU-like debt security called a bond. Bonds are issued by borrowers to attract capital from investors ready to extend a loan to them for a specific period of time. When you purchase a bond, you are making a loan to the issuer, which could be a corporate, government, or municipality.
A bond is, in the simplest words, a loan from an investor to a borrower, such as a business or the government. The investor earns interest on the investment while the borrower uses the funds to support its operations. A bond's market value may fluctuate over time.
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Which of the following might be monitored as an indicator of inflation?
consumer price index
gold prices
oil prices
All of the above may be indicators of inflation.
The Consumer Price Index (CPI), which calculates the percentage change in the cost of a selection of products and services that households use, is the most well-known measure of inflation.
What reflects the consumer price index?A market basket of consumer goods and services is used to create the Consumer Price Index (CPI), which tracks the average change in prices over time for urban consumers.The Consumer Price Index (CPI), which calculates the percentage change in the cost of a selection of products and services that households use, is the most well-known measure of inflation.One of the most widely used inflation metrics is the CPI, which gauges the level of retail prices for goods and services at a given moment. This is because it reflects changes in the cost of living for consumers.To learn more about Measure of inflation refer to:
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What Is the Difference between Leading and Managing? Broadly speaking, managers typically perform functions associated with planning, investigating, organizing, and control, and leaders focus on influencing others.Leaders inspire others, provide emotional support, and try to get employees to rally around a common goal.
Its main difference is based on the fact that the leader decides the orientation that must be followed, while the administrator decides how what the leader has specified will be executed.
Leader and AdministratorThe leader is the one who has the ability to influence others, leading them to carry out activities that finally offer them the expected result, and the administrator is the person who has the ability to regulate and control situations such a way that they remain within a certain established order.
The administrator follows the established rules and processes, as this is how the expected results are guaranteed, the leader is driving growth, development, and on many occasions he wants to do it quickly until he drives a change by nature.
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on march 15th boats r us purchased 4000 of equipment with credit terms of n/30. assuming the gross method of recording purchases is used, show how to journalize the transaction into the purchases journal by selecting all of the correct actions below
1. equipment is entered in the account column
2. the vendor's name is entered into the account column
3. 4000 is entered into the other accounts dr column
4. 4000 is entered into the accounts payable cr column
The transaction into the purchases journal by using :1. equipment is entered in the account column.
A transaction is a finished settlement between a customer and a vendor to change goods, offerings, or economic property in going back for cash. The term is likewise generally used in corporate accounting.
Examples of economic transactions consist of cash receipts, deposit corrections, requisitions, buy orders, invoices, journey cost reviews, PCard charges, and journal entries. In accounting, a transaction in any financial commercial enterprise event affects an enterprise's economic statements. because transactions encompass any occasion that has a financial impact on your monetary statistics, there are quite a few gadgets that are transactions.
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A positioning strategy that focuses on personality or type of consumer is using a _______ positioning base.a. product attributeb. competitorc. product userd. price and quality
A positioning strategy that focuses on personality or type of consumer is using product user positioning base
The process of establishing a new product's position in consumers' eyes is known as product positioning. It involves examining the market and the positions of the competitors, determining where a new product stands in comparison to the competition, and promoting the product image of a specific brand. To create a product that speaks to their requirements, brands must get to know their customers. A well-planned strategy can pinpoint this product's place in the market and its advantages for customers.
The process entails forging a specific image of a company and its goods in consumers' minds and identifying the key advantages that set a given product apart from similar offerings from rival companies. The target audience of a brand is then informed of the difference using the most efficient communication methods.
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find the future value if $56,780 is invested and compounded continuously at 5.3% for 15 yr. round to 2 decimals when necessary.
The future value of $56,780 that is invested and compounded repeatedly at 5.3% for 15 years is: $993,285.81
What is Future Value in Finance?The worth of a present asset at a future date based on an estimated rate of growth is known as future value (FV). Investors and financial planners care about future value because it helps them predict how much an investment made now will be worth in the future.
To find the future value, you use the following formula:
A = P(1 + r/n)^tn
Where
A = Accrued amount (principal + interest)
P = Principal amount
r = Annual nominal interest rate as a decimal
n = number of compounding periods per unit of time
t = time in decimal years
Entering the values, we have
A = 56780 (1 + 0.53/4) ^(5.75)(4)
A = $993,285.81
Hence, the future value of $56,780 that is invested and compounded continually at 5.3% for 15 years is: $993,285.81.
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lucian is a recent college graduate and is relatively new at your firm. he has been asked to write a report on a customer site visit for his supervisor, and he is unclear as to what should be included in the report and the appropriate style of writing. he asks you for help.
A customer service report is a display of customer service metrics that aids in the discovery of useful information about the clientele.
How do you write a customer visit report?Accept the timing and the content. At the beginning of your client relationship, decide on the frequency and topic of reports.Create a Powerful Summary.increase readability.Write with clarity.Be Truthful....Reflect Your Individual Brand.For Your Audience, WriteA customer service report is a display of customer service metrics that aids in the discovery of useful information about the clientele. Customer service reports might include a variety of possible metrics that you can use to evaluate how well your staff is performing overall.This form is usually used to document the specifics of the work done at a particular meeting. In order to get ready for a session, administrators can review client report forms that have already been submitted.To learn more about customer service report refer,
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organizations with low turnover and satisfied employees tend to perform better. on the other side of the coin, organizations have to act when an employee's performance consistently falls short. based on these concepts, organizations may distinguish between involuntary and voluntary turnover, recognize their effects on the organization, develop measures to encourage top performers to stay, and develop ways to manage the separation process fairly. any organization wants to retain good performers and encourage or force low-performing employees to leave. there are two types of employee turnover. involuntary turnover occurs when the employer requires employees to leave, often when they would prefer to stay. this action may potentially result in lawsuits and violence. voluntary turnover occurs when employees initiate the turnover, often when the organization would prefer to keep them. these employees may retire or leave to work with different organizations. both types of turnovers are costly because of subsequent needs to recruit, hire, and train replacements.
The term "voluntary turnover" refers to when an employee voluntarily leaves their position, whether they did so because they accepted a transfer internally, found employment elsewhere, or retired.
Voluntary turnover:
Better Job: An employee may decide to leave his current post if he is offered a better job.
Careers: A career-oriented employee who wants to seek higher education will voluntarily leave his job.
When an employee reaches retirement age
He retires at the age of retirement, which is
called "voluntary retirement".
Involuntary turnover:
Workplace Violence: An employer may choose to fire a worker who uses violence on the job. What is known as spontaneous turnover is this.
If a worker is found to be breaking one of the company's policies, he will be fired, which will lead to involuntary turnover.
Employee layoffs: When a company's employees are fired in a mass manner, there is forced turnover.
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portions of the financial statements for peach computer are provided below. peach computer income statement for the year ended december 31, 2021 net sales $1,625,000 expenses: cost of goods sold$980,000 operating expenses 490,000 depreciation expense 43,000 income tax expense 33,000 total expenses 1,546,000 net income $79,000 peach computer selected balance sheet data december 31 20212020increase (i) or decrease (d) cash$95,000 $81,500 $13,500 (i) accounts receivable 46,700 52,500 5,800 (d) inventory 68,000 51,500 16,500 (i) prepaid rent 2,300 3,600 1,300 (d) accounts payable 38,000 33,500 4,500 (i) income tax payable 4,300 6,500 2,200 (d) required: prepare the operating activities section of the statement of cash flows for peach computer using the direct method. (list cash outflows and any decrease in cash as negative amounts.)
The Net Cash Provided by Operating Activities is $72,300.
What is Operating Activities?
The tasks a company performs that are directly related to offering its products and/or services to a market are referred to as operating activities. A product or service is manufactured, distributed, marketed, and sold. These are all the company's primary business activities. The majority of an organization's cash flow typically comes from its operating activities, which also heavily influences its profitability. Cash receipts from sold goods, employee paychecks, tax payments, as well as payments to suppliers are a few typical operating activities. The income statement as well as cash flow statement, in particular, can be found on the a company's financial statements. Operating activities are different from investing and financing activities, that are corporate tasks unrelated to the delivery of goods and services.
Operating Activities
Net Income: $79,000
Adjustments to Reconcile Net Income to Net Cash Provided by
Operating Activities:
Depreciation Expense: $43,000
Increase in Accounts Receivable: ($5,800)
Decrease in Inventory: ($16,500)
Increase in Accounts Payable: $4,500
Decrease in Prepaid Rent: ($1,300)
Decrease in Income Tax Payable: ($2,200)
Net Cash Provided by Operating Activities: $72,300
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mplicit costs are multiple choice equal to total fixed costs. composed entirely of variable costs. opportunity costs of using owned resources. always greater in the short run than in the long run.
Implicit cost are opportunity costs of using owned resources.
Implicit cost:
Implicit cost refers the cost that exists without the exchange of cash and is not recorded for accounting purposes. And the Implicit costs represent the loss of income but do not represent a loss of profit.
Given,
Here we need to find what Implicit costs are.
From the given options:
total fixed costs.
composed entirely of variable costs.
opportunity costs of using owned resources.
always greater in the short run than in the long run.
As per the definition of the implicit cost, we have identified that the correct option that defines the implicit cost are opportunity costs of using owned resources.
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What are the 2 types of banks account that usually maintained by the businesses?.
Accounts that are common for businesses to save and check. Certificates of deposit and money market accounts that pay higher interest rates.
What are business bank accounts?Your banker will likely open a checking or savings account for you that is very similar to the ones you use for personal banking if you ask them to open a separate account for your side business, startup, or small business.You must supply the following information when signing up, and the minimum balance requirements and transaction costs might be a little higher:An Employer Identification Number (EIN) or Social Security Number (SSN) Any required business licenses Your company's bylaws, operating agreement, or articles of incorporation, depending on the type of business entity it isHowever, the entry-level business checking and savings accounts that your consumer bank advertises are generally very similar to regular checking and savings accounts.However, the account you use for that business will also need to change as your company expands and its operational requirements change.To Learn more About business bank accounts refer to:
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fabricators, inc. wants to increase capacity by adding a new machine. the fixed costs for machine a are $90,000, and its variable cost is $15 per unit. the revenue is $21 per unit. what is the break-even point for machine a?
The break-even point for machine A given fixed costs and the variable costs is 5000.
What is break-even point?In economics, business, and specifically cost accounting, the break-even point (BEP) is the point at which total cost and total income are equal, i.e. "even." Even if opportunity costs were paid and capital received the expected return after adjusting for risk, there is no net loss or gain, and one has "broken even." In other words, no profit or loss is made once all necessary expenses have been covered. In either unit or revenue terms, the break-even point or level denotes the amount of sales necessary to cover all costs, including both fixed and variable costs to the business. This indicates that in order for a corporation to recoup their initial investment in a good or component, the selling price of the good or component must be higher than what was spent for it.
Breakeven quantity = fixed cost/ price – variable cost per unit
$50,000 / $10 = 5000
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A company specializes in manufacturing and distributing automobile parts. Which use of computer technology would most enhance the productivity of this business?.
The productivity of this business enhance Using an automated tracking system for shipping and warehouse inventory.
A warehouse is a building for storing goods. Warehouses are utilized by manufacturers, importers, exporters, wholesalers, transport corporations, customs, and so forth. they are usually huge simple homes in industrial parks at the outskirts of towns, towns, or villages.
A warehouse is a constructing for storing items. Warehouses are used by manufacturers, importers, exporters, wholesalers, shipping groups, customs, etc. they're normally massive undeniable buildings in business parks at the outskirts of cities, towns, or villages.
Warehousing is the procedure of storing bodily inventory on the market or distribution. Warehouses are utilized by all exclusive kinds of agencies that want to quickly store merchandise in bulk earlier than both shipping them to different locations or individually to stop consumers.
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on march 31, 2024, a company purchased the right to remove gravel from an old rock quarry. the gravel is to be sold as roadbed for highway construction. the cost of the quarry rights was $231,000, with estimated salable rock of 30,000 tons. during 2024, the company loaded and sold 4,200 tons of rock and estimated that 25,800 tons remained on december 31, 2024. on january 1, 2025, the company estimated that 8,400 tons still remained. during 2025, the company loaded and sold 12,600 tons. the company uses the units-of-production method.
The depletion per ton is $7.7 and the total depletion for the year 2025 is $32,340
Depletion is an accounting method of allocating the expenses incurred on extracting natural resources from the ground. It is considered a charge which involves a nil amount of cash. Depletion reduces the cost of natural resources over time on an incremental basis.
Calculation of depletion to be recorded in the year 2025:
Depletion per ton = Cost per quarry rights/Estimated salable rock
=$231,000/30,000
=$ 7.7
Computing the depletion for the year 2025:
Depletion in 2025 = Tons loaded and sold×Depletion per ton
=4,200×$7.7
=$32,340
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Which of the following is a reason that a chief executive officer might commit financial statement fraud?a. To receive or increase a performance bonusb. To avoid termination due to poor performancec. To conceal the company's true performanced. All of the above
d. All of the above
To be granted or have a performance bonus increased.
To prevent being let go for performing poorly.
To keep the company's actual performance a secret.
What is financial statement fraud?Asset misappropriation, financial and non-financial reporting, regulatory compliance areas, and illegal conduct should all be covered in the fraud risk assessment.
One of the most typical methods used to commit financial statement fraud is the recording of false revenues. Due to their understanding of accounting and unrestricted access to accounts, the controller or chief financial officer (CFO) of a corporation is frequently the perpetrator of financial statement fraud.
By purposefully making false assertions, fraudsters may be after either monetary or non-monetary assets. Fraudulent conduct could include, for instance, knowingly lying about one's age to gain a driver's license, criminal past to get a job, or income to get a loan.
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How is fixed-rate calculated?.
Regardless of shifts in the money markets, the fixed rate of interest is based on the total amount borrowed and remains constant throughout the term of the agreement.
What Is a Fixed Interest Rate?A fixed interest rate appeals to borrowers who don't want their rates to fluctuate over the course of their loans, thereby raising their interest costs and, thus, their mortgage payments. This rate minimizes the risk associated with floating or variable interest rates, where the rate payable on a debt obligation may vary depending on a benchmark interest rate or index, occasionally in an unexpected way. A loan's fixed interest costs can be calculated quite easily. All you need to know is:The sum borrowedThe rate of interestTerm of loan repaymentTo Learn more About Fixed Interest Rate refer to:
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FILL IN THE BLANK. one response to the great recession was to pass the ___ , which attempted to make reforms to the financial system. group of answer choices dodd-frank act glass steagall act great recession act sarbanes-oxley act
The following statement "One response to the great recession was to pass the Dodd-frank which attempted to make reforms to the financial system."
To avoid a generalized economic collapse, Dodd-Frank created new government organizations like the Financial Stability Oversight Council and the Orderly Liquidation Authority, which keep an eye on the performance of businesses that are considered "too large to fail."
Dodd-Frank Act The Wall Street Reform and Consumer Protection Act, also known as Dodd-Frank, is a federal legislation that was passed on July 21, 2010, in the United States. Preventing unfair and abusive financial practices for American families. There were seven separate regulators in charge of the consumer financial services industry before the catastrophe that utterly destroyed our economy.
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