When a company does not change its product's price in response to a surplus or shortage.
1. Surplus:
If a company faces a surplus (supply exceeds demand) and does not change the product's price, the following outcomes may occur:
- Consumers: Consumers may benefit from the surplus as they have more options and bargaining power. They can potentially enjoy lower prices, discounts, or promotional offers as companies may try to incentivize them to purchase the excess supply. Consumers may have a wider selection and more purchasing power due to the surplus.
- Producers: Producers, on the other hand, may experience lower profitability and decreased revenue due to the surplus. They may need to reduce prices to stimulate demand and clear excess inventory. Additionally, the surplus may lead to increased competition among producers, potentially leading to price wars and reduced profit margins.
2. Shortage:
If a company faces a shortage (demand exceeds supply) and does not change the product's price, the following outcomes may occur:
- Consumers: Consumers may face challenges in obtaining the desired product due to limited supply. This can lead to frustration and potentially drive up prices in secondary markets as demand outweighs availability. Consumers may be willing to pay higher prices to secure the product they desire.
- Producers: Producers may miss out on potential revenue opportunities by not adjusting the price in response to the shortage. They may not fully capitalize on the increased demand and could lose potential sales. Additionally, a shortage may create opportunities for price gouging in secondary markets, benefiting resellers rather than the original producers.
It's important to note that these outcomes may vary depending on the specific market conditions, elasticity of demand, and the nature of the product. In some cases, companies may choose to adjust prices in response to surpluses or shortages to help restore market equilibrium and optimize their revenue.
Learn more about Producers here:
https://brainly.com/question/30141735
#SPJ11
our employer said that you have a 5-year graduated vesting plan for your employer's retirement plan. This means that if you leave your job after 3 years you will:
A.
be able to take 60% of your employer's contributions and the earnings on those contributions with you to your new employer's retirement plan (or a rollover IRA).
B.
receive an employer matching contribution equal to $0.60 for every $1 you contribute.
C.
will have to work for 2 more years before you can participate in your employer's retirement plan.
D.
not be entitled to any of the funds in your employer's retirement plan.
Option (a), If you leave your job after 3 years under a 5-year graduated vesting plan, you will be able to take 60% of your employer's contributions and the earnings on those contributions with you to your new employer's retirement plan (or a rollover IRA).
A graduated vesting plan is a type of retirement plan where employees become entitled to a portion of their employer's contributions over a period of time. In this case, the employer's retirement plan has a 5-year graduated vesting plan, which means that employees become more entitled to their employer's contributions the longer they work for the company. After 3 years, employees are entitled to take 60% of their employer's contributions and the earnings on those contributions with them if they leave the company. The remaining 40% will continue to vest over the next 2 years until the employee becomes fully vested in their employer's retirement plan. Option A is the correct answer.
A graduated vesting plan is a schedule that determines the percentage of ownership you have in your employer's contributions to your retirement plan based on your years of service. In a 5-year graduated vesting plan, your vested percentage increases over time until you reach 100% vested after 5 years. In this scenario, leaving after 3 years would entitle you to 60% of your employer's contributions and the earnings on those contributions, which you can transfer to a new retirement plan or a rollover IRA.
Learn more about employer's retirement plan: https://brainly.com/question/29850196
#SPJ11
the phenomenon of is often the result of emotional exhaustion, and can lead to costly employee turnover. a. workload b. empathic concern c. burnout d. stressors
The phenomenon often resulting in emotional exhaustion and leading to costly employee turnover is c. burnout.
Burnout is a state of chronic physical and emotional exhaustion that occurs due to prolonged and intense stress, often related to work.
can be caused by various factors such as high workload, lack of control over one's job, excessive job demands, and a lack of support or resources. Burnout can have significant negative consequences on an individual's well-being, job performance, and organizational outcomes.
When employees experience burnout, they may become disengaged, experience reduced motivation, and have difficulty coping with job demands. This can ultimately lead to increased absenteeism, decreased productivity, and higher turnover rates, which can be costly for organizations.
Learn more about phenomenon here:
https://brainly.com/question/6818732
#SPJ11
on november 1, deli llama, inc. issued 2 notes payable at 12% per year for $10,000 each. one is a 3-month note and the other is a 2-year note. the amount of interest owed at december 31 will be .
On November 1, Deli Llama, Inc. issued two notes payable at 12% per year for $10,000 each. One is a 3-month note, and the other is a 2-year note. So the interest owed on December 31 for both notes will be $400.
For the 3-month note, the interest owed on December 31 will be calculated as follows:
Principal amount: $10,000
Interest rate: 12% per year
Time period: 2 months (November and December)
To calculate the interest owed, we first need to determine the monthly interest rate:
12% per year / 12 months = 1% per month
Then, we can calculate the interest owed for the 2 months: $10,000 x 1% x 2 months = $200
Therefore, Deli Llama, Inc. will owe $200 in interest on the 3-month note payable on December 31.
For the 2-year note, the interest owed on December 31 will be calculated as follows:
Principal amount: $10,000
Interest rate: 12% per year
Time period: 2 months (November and December)
To calculate the interest owed, we first need to determine the yearly interest rate: 12% per year
Then, we can calculate the interest owed for the 2 months:
($10,000 x 12%) / 12 months x 2 months = $200
Therefore, Deli Llama, Inc. will owe $200 in interest on the 2-year note payable on December 31.
In summary, Deli Llama, Inc. will owe a total of $400 in interest on the two notes payable on December 31.
Learn more about Principal amount here:
https://brainly.com/question/30163719
#SPJ11
Of the following, which product/service category accounts for lowest percentage of online sales?
Multiple choice question.
A. apparel and accessories
B. health and personal care
C. books, music and video
D. computers and accessories
Of the four given options, the product/service category that accounts for the lowest percentage of online sales is books, music, and video.
According to recent research, the online sales of books, music, and video have been declining due to the rise of streaming services and e-books. People are more inclined towards digital media than physical copies, which has resulted in a significant decrease in online sales of this category.
On the other hand, the other three categories, i.e., apparel and accessories, health and personal care, and computers and accessories, have seen a steady increase in online sales. This growth can be attributed to the convenience of online shopping and the increasing number of e-commerce websites.
Furthermore, the pandemic has also played a significant role in driving online sales. Due to the restrictions on physical stores and social distancing measures, more and more people are turning towards online shopping to fulfill their needs.
In conclusion, while the online sales of books, music, and video may have declined, the overall online shopping industry is booming, with many product/service categories experiencing an increase in sales.
To know more about product click here
brainly.com/question/28985255
#SPJ11
Do union workers earn higher or lower wages than nonunionworkers? Explain briefly.
A. Union members earn less than nonunion members because unions decreased employment.
B. Union members earn about the same amount as nonunion members at least partially because the share of national income received by workers has remained roughly constant.
C. Union members earn more than nonunion members because unionization is higher in the United States than in most industrial countries.
D. Union members earn more than nonunion members at least partially because union members work in industries where marginal revenue products of labor are relatively high regardless of unions.
E. Union members earn more than nonunion members largely because unions bargain with employers for higher wages, at least partially with the threat of calling a strike.
D. Union members earn more than nonunion members at least partially because union members work in industries where marginal revenue products of labor are relatively high regardless of unions.
Unionized workers tend to work in industries where they have specialized skills and knowledge, such as construction, manufacturing, and transportation. These industries often require extensive training and experience, which make union workers more productive and valuable to employers.
As a result, they earn higher wages than nonunion workers in these industries. However, it's important to note that unionization can also lead to higher wages due to collective bargaining and the threat of strikes, which can give workers more bargaining power with their employers.
To know more about nonunion workers, click here:
https://brainly.com/question/31640950
#SPJ11
Which of the following is false regarding termination of agency based on operation of law?A. Impossibility of performance terminates the agency relationship.B. An agency agreement is terminated whenever the agent, unknown to the principal, acquires an interest against the principal's interest.C. The agency agreement is terminated if the agent breaches the duty of loyalty he or she has to the principal.D. A change in law passed subsequent to the formation of an agency agreement may not result in termination of the agency agreement.E. If there is an unusual change in circumstances that leads the agent to believe that the principal's instructions do not apply, the agency relationship terminates.
The false statement regarding termination of agency based on operation of law is: If there is an unusual change in circumstances that leads the agent to believe that the principal's instructions do not apply, the agency relationship terminates. The answer is E.
Termination of agency based on operation of law occurs without the agreement of the parties involved, and it is not caused by any act or omission on the part of the principal or the agent. Impossibility of performance (A) occurs when an event occurs that makes it impossible for the agent to carry out his or her duties under the agency agreement.
An agency agreement is terminated whenever the agent, unknown to the principal, acquires an interest against the principal's interest (B). The agency agreement is terminated if the agent breaches the duty of loyalty he or she has to the principal (C).
However, a change in law passed subsequent to the formation of an agency agreement may result in termination of the agency agreement (D).
Therefore, option E is false because an unusual change in circumstances that leads the agent to believe that the principal's instructions do not apply does not terminate the agency relationship.
To know more about termination of agency, refer here:
https://brainly.com/question/15626409#
#SPJ11
In which of the following situations is a producer guaranteed full control over product sales?
a direct marketing channelretailersAbundonthe company Web site
A producer is guaranteed full control over product sales in the situation of a direct marketing channel. In this type of channel, the producer sells products directly to the end consumer without the involvement of intermediaries such as retailers or wholesalers.
As a result, the producer has complete control over the marketing and distribution of their products, including pricing, promotion, and placement. This also means that the producer is responsible for handling all aspects of the sales process, including order fulfillment, customer service, and returns. On the other hand, when a producer chooses to sell their products through retailers or other intermediaries, they may not have full control over product sales.
Retailers may have their own pricing strategies and marketing campaigns, which can impact the perceived value of the producer's products. In addition, retailers may decide to discontinue carrying a producer's products, which can negatively impact sales. In the case of Abundon, it is unclear what this term refers to in the context of product sales.
However, if it means abandoning a product or product line, then the producer would obviously not have full control over product sales in this situation. Finally, a company website can be a direct marketing channel if the producer sells products directly to consumers through the website.
However, if the website is only used to promote products and directs customers to retailers or other intermediaries for purchase, then the producer may not have full control over product sales.
Learn more about consumer here
https://brainly.com/question/28422459
#SPJ11
how many days do you have to accept or reject a private loan after being approved?
When you apply for a private loan, the lender will review your application and may approve you for a loan. Once you receive the approval notification, you will typically have a certain number of days to accept or reject the loan offer. The specific timeframe can vary depending on the lender, but it is typically around 30 days.
It is important to carefully review the loan terms and conditions before accepting the loan. Private loans can have higher interest rates and fees compared to federal loans, so it is important to understand the cost of borrowing and how it will impact your finances. You should also consider other options for financing, such as scholarships, grants, or federal student loans, before accepting a private loan. If you decide to accept the private loan, you will need to follow the lender's instructions for completing the loan process. This may include submitting additional documentation, such as proof of income or employment, and signing the loan agreement. Once the loan is disbursed, you will be responsible for repaying it according to the terms of the agreement.
Learn more about private loan here:
https://brainly.com/question/16724065
#SPJ11
other things the same, if the price level rises, people question 11 options: increase foreign bond purchases, so the supply of dollars in the market for foreign-currency exchange increases. increase foreign bond purchases, so the supply of dollars in the market for foreign-currency exchange decreases. decrease foreign bond purchases, so the supply of dollars in the market for foreign-currency exchange increases. decrease foreign bond purchases, so the supply of dollars in the market for foreign-currency exchange decreases.
If the price level rises, people may decrease foreign bond purchases, so the supply of dollars in the market for foreign-currency exchange increases. The Option D is correct.
How can rise in price level affect foreign bond purchases?As the price level rises, the value of the currency decreases which can lead to a decrease in demand for bonds and a shift towards foreign exchange. In this scenario, people may choose to decrease foreign bond purchases which leads to an increase in the supply of dollars in the market for foreign-currency exchange.
This could result in a decrease in the exchange rate of the domestic currency against foreign currencies but if people choose to increase foreign bond purchases instead, the supply of dollars in the market for foreign-currency exchange will decrease which leads to an appreciation of the domestic currency against foreign currencies.
Read more about price level
brainly.com/question/15100630
#SPJ4
write to a customer to tell them that the product/service they want is not available at the moment.
Dear valued customer,
We regret to inform you that the product/service you are interested in is currently unavailable. We apologize for any inconvenience this may have caused you.
Unfortunately, we are currently experiencing a high demand for this product/service and we are unable to meet the demand at this time. We are working hard to restock our inventory and hope to have the product/service available again soon.
We understand that this may be disappointing news, but please rest assured that we are doing everything we can to resolve this issue as quickly as possible. In the meantime, we would like to offer you alternative options or suggest that you check back with us in the near future.
Thank you for your understanding and continued support.
Best regards,
[Your Name].
To know more about inconvenience refer here:
https://brainly.com/question/8420489#
#SPJ11
Which of the following BEST describes a duty that would fall under the jurisdiction of the FDA?A.Investigating customer complaints about a businessB.Evaluating whether an advertisement to be aired in public is fittingC.Ensuring that pollution standards are met by a companyD.Checking the quality of food that is served in school lunchesE.Protecting the legal status of a company
The duty that would BEST describe the jurisdiction of the FDA (U.S. Food and Drug Administration) is checking the quality of food that is served in school lunches.
The FDA is responsible for ensuring the safety and proper labeling of foods, drugs, medical devices, and other consumer products. This includes regulating the manufacturing, distribution, and sale of these products, as well as conducting research and educating the public on matters related to health and safety.
Checking the quality of food that is served in school lunches falls directly within the jurisdiction of the FDA, as it is responsible for regulating the safety and nutritional content of food products sold and distributed in the United States.
Learn more about jurisdiction here:
https://brainly.com/question/14179714
#SPJ11
which of the following statements express the purpose of the truth-in-lending act? a. To require lenders to charge a "reasonable" rate of interest
b. To regulate interest rates and terms of loans
c. To provide consumers with information necessary to make the best credit decision
d. To help lenders limit state laws
The purpose of the Truth-in-Lending Act is to provide consumers with the necessary information to make the best credit decision.
This information includes the cost of credit, such as the interest rate and other fees, as well as the terms of the loan. The act requires lenders to disclose this information in a clear and concise manner, allowing consumers to compare loan offers and make an informed decision. The act does not regulate interest rates or terms of loans, but rather provides transparency in the lending process. Additionally, the act does not help lenders limit state laws but rather serves to protect consumers by ensuring they have access to accurate and complete information about their credit options. Therefore, option C is the statement that expresses the purpose of the Truth-in-Lending Act.
Learn more about credit here:
https://brainly.com/question/1475993
#SPJ11
the process behind the production of "fast pace," a racecar video game, is protected by
The process behind the production of "Fast Pace," a racecar video game, is protected by trade secret law.
Trade secret law protects confidential and proprietary information that is used in the course of business and provides a competitive advantage to the owner. This can include a wide range of information, including production processes, formulas, and techniques used in the manufacturing or development of a product.
In the case of a video game like "Fast Pace," the process behind its production could be considered a trade secret, as it is a key part of the game's success and gives the owner a competitive advantage in the market. As such, the owner of the game would be able to use trade secret law to protect this information from unauthorized use or disclosure by others.
It is worth noting, however, that trade secret law requires that the information be kept confidential and that reasonable measures be taken to protect it. If the process behind "Fast Pace" were to be publicly disclosed or otherwise made widely known, it may no longer be eligible for trade secret protection.
To learn more about trade secret law, click here:
https://brainly.com/question/29219961
#SPJ11
Kelly is closing on the house she's purchasing on Wednesday. Which of these statements is true?
Kelly must receive the Loan Estimate at least four days before closing.
The closing officer must deliver the Closing Disclosure at closing.
The lender must provide the Closing Disclosure by Friday of the week before closing.
The Loan Estimate amounts must be within 1/4 of a percent of the final settlement costs.
The statement that is true is "The lender must provide the Closing Disclosure by Friday of the week before closing."
The Closing Disclosure is a document that outlines all of the final loan terms and costs, including the interest rate, monthly payments, and closing costs. It must be provided to the borrower at least three days before closing to allow them time to review and understand the terms of the loan.
This requirement is part of the TILA-RESPA Integrated Disclosure (TRID) rule, which was put in place to make the mortgage process more transparent and understandable for borrowers.
The Loan Estimate, on the other hand, must be provided to the borrower within three business days of applying for the loan and must be within 1/8th of a percent of the final settlement costs. It is not required to be provided four days before closing.
To know more about Loan Estimate visit:
https://brainly.com/question/28221419
#SPJ11
_____ is(are) most beneficial when employees have challenging jobs. A. Social support B. Monetary rewards C. Additional break times D. Recognition for a job well done
Social support is most beneficial when employees have challenging jobs.
Providing a strong network of colleagues and supervisors who can offer guidance, encouragement, and assistance helps employees navigate difficult tasks and complex situations. This support fosters a positive work environment, reduces stress, and promotes collaboration, leading to increased job satisfaction and better overall performance. While monetary rewards, additional break times, and recognition for a job well done can be motivating factors, they may not provide the necessary resources and support needed to overcome the challenges associated with demanding jobs.
Learn more about motivation from here:
https://brainly.com/question/30290742
#SPJ11
a marked decrease in motor reaction time and brain processing in older adults may be attributed to:
A marked decrease in motor reaction time and brain processing in older adults may be attributed to several factors.
Firstly, as people age, the processing speed of their brain tends to slow down, which means that it takes longer for them to react to stimuli. This is due to a natural decline in the brain's neural connections and changes in the structure of the brain. Additionally, older adults may experience age-related changes in vision, hearing, and other sensory systems, which can affect their ability to process information quickly. This can impact their motor reaction time as they struggle to process the stimuli quickly enough to react in a timely manner. Furthermore, older adults may experience cognitive decline due to aging or conditions such as dementia, which can also contribute to a decrease in motor reaction time. The ability to think and reason quickly may be impaired, making it more challenging to react quickly to stimuli. Overall, a marked decrease in motor reaction time and brain processing in older adults is a natural part of the aging process. However, engaging in regular physical and mental exercise can help slow down the decline and improve overall cognitive function. It's essential to stay active and maintain a healthy lifestyle as we age to keep our brains and bodies healthy.
Learn more about motor reaction here:
https://brainly.com/question/1480099
#SPJ11
Which of the following statements is true of a project whose cash flows accrue relatively rapidly?? a. ?The project will have multiple internal rates of return due to rapidly accruing cash flows. b. ?The payback period is longer than the years expected to recover the original investment. c. ?The net present value of the project is always negative if cash flows accrue rapidly. d. ?The required rate of return is revised throughout the duration of the project. e. ?The net present value is not very sensitive to changes in the discount rate.
The statement is: e. The net present value is not very sensitive to changes in the discount rate.
When cash flows accrue relatively rapidly in a project, it means that the project generates positive cash flows at an accelerated rate. In this case, the net present value (NPV) of the project is not very sensitive to changes in the discount rate. The reason for this is that when cash flows are received sooner, the time value of money has less impact on the present value of those cash flows.
Option a is incorrect because a project with rapidly accruing cash flows does not necessarily have multiple internal rates of return (IRR). Multiple IRRs can occur when cash flows change direction more than once, but the rapid accrual of cash flows does not imply this.
Option b is incorrect because if cash flows accrue relatively rapidly, it means that the payback period will likely be shorter than the years expected to recover the original investment. The payback period measures the time it takes to recover the initial investment, so if cash flows come in quickly, the payback period will be shorter.
Option c is incorrect because the net present value of the project is not always negative if cash flows accrue rapidly. The NPV depends on the size and timing of the cash flows, as well as the discount rate applied. It can be positive or negative depending on these factors.
Option d is incorrect because the required rate of return is typically determined at the beginning of the project and remains constant throughout its duration.
Learn more about investment here:
https://brainly.com/question/15353704
#SPJ11
The number of people who make small business their primary occupation is which of the following?
Select one:
a. 2 million
b. 25 million
c. 12 million
d. 6 million
The number of people who make small business their primary occupation is 25 million (option b). The correct option is b).
According to the Small Business Administration (SBA), as of 2021, there are approximately 31.7 million small businesses in the United States, which are defined as businesses with fewer than 500 employees. Of these businesses, approximately 24.3 million are non-employer businesses, meaning they have no employees other than the owner(s).
Of the 7.4 million employer businesses (businesses with employees), the vast majority are small businesses, with 99.9% of all businesses having fewer than 500 employees. However, not all of these businesses are primary occupations for their owners.
According to a report by the Bureau of Labor Statistics (BLS), there were approximately 12 million self-employed individuals in the United States in 2020 who made their small business their primary occupation. This includes both non-employer businesses and employer businesses where the owner is also the primary operator.
It's worth noting that the number of self-employed individuals can fluctuate depending on economic conditions, as some people may turn to self-employment as a result of job loss or other factors. Additionally, the COVID-19 pandemic has had a significant impact on small businesses, with many closing permanently or struggling to stay afloat. As such, the number of people who make small business their primary occupation may have changed since 2020.
Know more about small business here:
https://brainly.com/question/24243389
#SPJ11
In spite of the advantages of global standardization, many firms find it necessary to: A) use domestic mkting mix overseas B) modift present mix or develop a new one for overseas markets C) use different marketing mixes overseas to save money D) A and C
In spite of the advantages of global standardization, many firms find it necessary to B) modify the present mix or develop a new one for overseas markets. This is because global standardization, although offering cost savings and a consistent brand image, might not be suitable for every market.
Each country has unique cultural, social, economic, and legal factors that can impact consumer preferences and buying behaviors.
For example, differences in language, religion, and social norms can influence how consumers perceive and interact with a product or service. These differences require companies to modify their marketing mix - including product, price, place, and promotion - to cater to the specific needs and preferences of the target market.
By adapting their marketing mix, companies can create more appealing offerings, gain a competitive advantage, and increase their chances of success in the international market.
In addition, adapting the marketing mix also helps companies navigate and comply with local regulations and legal requirements, further strengthening their position in the overseas market.
In conclusion, while global standardization has its benefits, many firms need to modify their marketing mix or develop a new one for overseas markets to ensure they cater to unique cultural, social, economic, and legal factors, and ultimately achieve success in those markets.
To know more about global standardization refer here:
https://brainly.com/question/30561488#
#SPJ11
even though he is only 25 years old, manoj saves 10 percent of his pay in the company-sponsored pension plan so that he can enjoy a worry-free retirement. which of the following levels on maslow's hierarchy is manoj striving for in retirement? a.esteem b.belongingness c.security d.physiological
Manoj is saving 10 percent of his pay in the company-sponsored pension plan to ensure a worry-free retirement. This suggests that Manoj is striving for the security level on Maslow's hierarchy of needs. Here option C is the correct answer.
According to Maslow's hierarchy of needs, humans have a set of needs that they seek to fulfill. These needs are arranged in a hierarchical order, with the most basic needs at the bottom and the most advanced needs at the top. The hierarchy includes five levels: physiological needs, safety needs, belongingness needs, esteem needs, and self-actualization needs.
Security needs are the second level on the hierarchy and include physical safety, financial stability, and health. It seems that Manoj is focusing on financial stability in retirement by saving money for his future. By doing so, he is seeking to fulfill his need for security, which will enable him to feel safe and confident in his retirement.
It's important to note that Maslow's hierarchy of needs is not a one-size-fits-all approach, and individuals may prioritize different needs at different times in their lives. While Manoj is currently prioritizing his need for security, he may prioritize other needs in the future, such as belongingness or esteem.
To learn more about Maslow's hierarchy
https://brainly.com/question/27964108
#SPJ4
When drawing up a daily "to do" list, a salesperson should:
A) refer to the previous day's log for unaccomplished activities
B) avoid listing more than five items
C) record approximately twice as many activities as you realistically expect to accomplish
D) list activities in priority order of importance
E) rank items by chronology instead of importance
When drawing up a daily "to do" list, a salesperson should keep in mind the following tips. Firstly, refer to the previous day's log for any unaccomplished activities that need to be carried forward.
Secondly, avoid listing too many items and limit the list to around five items that are important and achievable. Thirdly, record approximately twice as many activities as you realistically expect to accomplish. This helps to ensure that all critical tasks are accounted for, and unexpected events can be factored in. Fourthly, list activities in priority order of importance. This helps the salesperson to focus on the most critical tasks first. Finally, rank items by chronology instead of importance. This can be helpful in ensuring that tasks are completed in a timely manner and deadlines are met. By following these guidelines, salespeople can better manage their time and achieve their daily goals effectively.
To learn more about salesperson, visit:
https://brainly.com/question/28336031
#SPJ11
To properly present a draft for payment, the holder must present it to the drawer. a. True. b. False.
b. False. To properly present a draft for payment, the holder does not need to present it to the drawer.
The holder needs to present the draft to the drawee, who is typically the bank or financial institution on which the draft is drawn. The drawee is the party responsible for making the payment as specified in the draft.
The drawer is the party who initiates the draft and gives instructions to the drawee to pay a certain amount to the holder or the payee. The holder, as the recipient of the draft, presents it to the drawee for payment.
Therefore, the statement "To properly present a draft for payment, the holder must present it to the drawer" is false. The holder presents the draft to the drawee, not the drawer.
Learn more about amount here:
https://brainly.com/question/13024617?
#SPJ11
other things the same, continued increases in technology lead to a. continued increases in the price level and real gdp. b. continued decreases in the price level and real gdp. c. continued increases in real gdp and continued increases in the price level. d. continued increases in real gdp and continued decreases in the price level.
Continued increases in technology typically lead to both higher real GDP and lower price levels. The correct option is d) continued increases in real GDP and continued decreases in the price level.
When technology continues to improve, it results in higher productivity and more efficient use of resources. This increased efficiency leads to a rise in real GDP, as businesses can produce more goods and services with the same amount of inputs. As a result, economic growth is supported, and living standards tend to improve over time.
In addition to boosting real GDP, advancements in technology can also contribute to a decrease in the price level. Improved technology often leads to cost reductions for businesses, which allows them to lower their prices. As prices decrease, the overall price level in the economy also declines. This can lead to a lower rate of inflation or even deflation, depending on the extent of the decrease in the price level. In conclusion, continued increases in technology typically lead to both higher real GDP and lower price levels.
To know more about GDP click here:
https://brainly.com/question/30504843
#SPJ11
a buyer assumes the mortgage. how is the owner relieved of the liability?
If a buyer assumes the mortgage of a property, the owner (seller) is typically relieved of the liability for the mortgage once the assumption is approved and finalized.
The buyer would become responsible for making mortgage payments to the lender and would take over the remaining balance of the mortgage from the seller. The mortgage lender would then release the seller from any further obligations or liability related to the mortgage.
However, it is important for both the buyer and the seller to carefully review and understand the terms of the assumption agreement, including any potential risks or obligations, before finalizing the transaction.
Know more about mortgage here:
https://brainly.com/question/31147395
#SPJ11
_____ describe specific measurable outcomes and are often concerned with the short run. A. Strategic goals B. Operating goals C. Visionary goals D. Official goals
Operating goals. Operating goals are specific, measurable outcomes that are often focused on the short-term. These goals are concerned with the day-to-day operations of an organization and are designed to achieve efficiency, productivity, and profitability.
They are typically set by middle and lower-level managers and are aligned with the overall strategic goals of the organization. Examples of operating goals include reducing costs, increasing sales, improving customer satisfaction, and enhancing product quality. By achieving these goals, organizations can enhance their performance, improve their competitive position, and achieve long-term success. Therefore, it is important for managers to set realistic and achievable operating goals that are aligned with the strategic objectives of the organization.
To know more about goals visit:
https://brainly.com/question/31463084
#SPJ11
identified risks may not materialize, or their probabilities of occurrence or loss may diminish
a. true
b. false
The statement "Identified risks may not materialize, or their probabilities of occurrence or loss may diminish" is True.
Risk management is a process of identifying, assessing, and mitigating risks that could impact an organization's objectives. One of the key steps in risk management is identifying potential risks that could arise in the future.
However, just because a risk is identified does not mean that it will necessarily materialize. There is always the possibility that a risk may not occur or that its impact may be less severe than anticipated.
For example, a company may identify the risk of a cyber attack on its computer systems. While the risk is real, the probability of occurrence may diminish if the company invests in stronger cybersecurity measures.
Alternatively, the risk may not materialize at all if the company is not targeted by hackers.
To learn more about risks, refer below:
https://brainly.com/question/17284407
#SPJ11
Many minority business owners prefer a(n) _____ because it offers business connections and support.
Many minority business owners prefer a Chamber of Commerce because it offers business connections and support.
Chambers of Commerce are organizations that support local businesses by providing networking opportunities, access to resources, and advocacy for local economic growth. They are especially valuable for minority business owners who may face additional challenges and barriers in the business world. Chambers of Commerce offer minority-owned businesses a platform to connect with other business owners, establish partnerships, and share resources and best practices. They also offer mentorship programs, training, and workshops that can help minority business owners overcome challenges and succeed in their industries. Overall, joining a Chamber of Commerce can be an effective way for minority business owners to grow their businesses and access the support they need to thrive.
To learn more about chamber, visit:
https://brainly.com/question/29771302
#SPJ11
The level of specialization or expertise an employee brings to a job are what type of skills? A) work-team. B) horizontal. C) breadth. D) depth.
The level of specialization or expertise that an employee brings to a job are known as depth skills.
Depth skills are specific, technical abilities that are required to perform a particular job or task at a high level of proficiency. These skills are often developed through education, training, and experience in a particular field, and are generally more specialized than broader, transferable skills like communication, teamwork, or problem-solving.
For example, a software engineer may have depth skills in a specific programming language or technology stack, while a surgeon may have depth skills in a particular surgical procedure or technique.
In contrast, breadth skills refer to a wider range of skills that are more general and transferable across different roles or industries, such as critical thinking, communication, or leadership.
Horizontal skills, on the other hand, refer to skills that are similar or related across different jobs or industries. For example, project management or customer service skills may be considered horizontal skills because they are applicable in many different fields.
Learn more about technology here:
https://brainly.com/question/9171028
#SPJ11
susmel inc. is considering a project that has the following cash flow data. what is the project's payback? year 0 1 2 3 cash flows -$475 $150 $200 $300
The payback period for this project is approximately 2.42 years
To calculate the payback period of the project, we need to find out the number of years required for the cumulative cash inflows to equal the initial investment.
Using the data given, we can create a table of cumulative cash flows as follows:
Year Cash Flow Cumulative Cash Flow
0 -$475 -$475
1 $150 -$325
2 $200 -$125
3 $300 $175
The cumulative cash flow becomes positive in year 3, meaning that the initial investment is paid back during year 3. However, there is still some cash flow left in year 3, so we need to calculate the payback period more precisely.
To find the exact payback period, we can use the formula:
Payback period = A + (B/C)
Where A is the last year with a negative cumulative cash flow, B is the absolute value of the cumulative cash flow at the end of the previous year, and C is the cash flow during the year that causes the cumulative cash flow to become positive.
Using the table above, we have:
A = 2 (last year with negative cumulative cash flow)
B = $125 (absolute value of cumulative cash flow at the end of year 2)
C = $300 (cash flow during year 3 that causes cumulative cash flow to become positive)
Therefore, the payback period can be calculated as:
Payback period = 2 + (125/300) = 2.42 years
So the payback period for this project is approximately 2.42 years.
Learn more about payback period
https://brainly.com/question/13978071
#SPJ4
In an insurance contract, the element that shows each party is giving something of value is called?
A. offer
B. acceptance
C. consideration
D. purpose
The element that shows each party is giving something of value in an insurance contract is called consideration. Consideration refers to the exchange of something of value, such as money or services, between parties involved in a contract. In an insurance contract, the insured party pays a premium to the insurer in exchange for the promise of coverage and protection.
Without consideration, a contract may not be legally enforceable. Therefore, it is an essential element of any insurance contract, as it ensures that both parties have an obligation to fulfill their promises and obligations outlined in the agreement. In an insurance contract, the element that shows each party is giving something of value is called "C. consideration."
Consideration is an essential element of a valid contract, where each party gives something of value, such as the insurer providing coverage and the insured paying the premium. Other elements of a contract, such as offer (A) and acceptance (B), are necessary for a contract's formation, while purpose (D) refers to the objective or reason for the contract.
To know more about money visit
https://brainly.com/question/22984856
#SPJ11
