To overcome reception and availability problems, mobile telecom services firms have begun offering femtocells that provide a "five bar" coverage in a roughly 5,000-square-foot footprint.
A femtocell is a small, low-power cellular base station that is typically designed for use in a home or small business. Small cell is a more general term used in the industry, with femtocell as a subset.
Femtocells, also known as 'home base stations,' are cellular network access points that use residential DSL, optical fibers, or cable broadband connections to connect standard mobile devices to a mobile operator's network.
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g on january 1, 2024, a company issues bonds. details of the bond issue are provided below. face amount $2,000,000.00 stated rate (annual) 7% number of years until maturity 10 market rate (annual) 8% interest is paid semiannually on june 30 and december 31 of each year.
Participants in the issuance and trading of debt securities are members of the bond market.
What is Bond Market ?In order to finance their businesses, issuers sell bonds and other debt securities on the bond market. Governments, banks, and corporations make up the majority of this market segment.The largest of these issuers is the government, which utilises the bond market to finance the operations of a nation, including social programmes and other necessary costs. Some of the U.S. government's agencies, including Fannie Mae, which sells mortgage-backed securities, are included in the segment.Municipal bonds, also known as "muni" bonds, are issued on a local level by states, cities, special-purpose districts, public utility districts, school districts, publicly-owned airports and seaports, and other government-owned entities who want to raise money for a variety of projects. Municipal bonds are popularly tax-free at the federal level and occasionally also qualify for state- or local-level tax exemptions, which attracts qualified investors who are concerned about paying less in taxes.To Learn more About bond market refer to:
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The company is most likely to call the bonds if the market interest rate decreases to a rate below 8%
What is Bond Market ?In order to finance their businesses, issuers sell bonds and other debt securities on the bond market. Governments, banks, and corporations make up the majority of this market segment.The largest of these issuers is the government, which utilizes the bond market to finance the operations of a nation, including social programmers and other necessary costs. Some of the U.S. government's agencies, including Fannie Mae, which sells mortgage-backed securities, are included in the segment.Municipal bonds, also known as "muni" bonds, are issued on a local level by states, cities, special-purpose districts, public utility districts, school districts, publicly-owned airports and seaports, and other government-owned entities who want to raise money for a variety of projects. Municipal bonds are popularly tax-free at the federal level and occasionally also qualify for state- or local-level tax exemptions, which attracts qualified investors who are concerned about paying less in taxes.The complete question is,
On January 1, Year 1, Greenbriar Corporation issues callable bonds at face amount that pay 8% interest. The company is most likely to call the bonds if the market interest rate:
a) remains constant at 8%
b) increases to a rate above 8%
c) decreases to a rate below 8%
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Ceasar opens a bank account and makes an initial deposit of $800. The banker tells ceasar that he is going to receive an annual rate of 10% compounded continuously on his investment. Find the bank balance assuming ceasar leaves the account untouched for 8 years.
The balance in the account after 8 years is $ 1714.871 (approx). Since, the principal amount, P = $ 800. The annual rate of percentage, r = 10 %. Time, t = 8 years. Hence, the amount in the account after 8 years is if it is untouched:
A=P(1+r/100)^t
=800(1+10/100)^8
=800(1+0.1)^8
=800 (1.01)^8
=800 x 2.1435881
=1714.871048
Therefore the approximate balance of the 8 years will be 1714.871. A minimum deposit or initial deposit is the minimum quantity of cash needed to open an associate account with an establishment, like a bank or securities firm.
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What questions should you ask before opening a checking account?.
What are the bank's fees?
Where are the bank's ATMs? should I ask before opening a checking account.
A legitimate ID, typically one issued by the government; certain banks may want more than one kind of identification. a Taxpayer Identification Number (TIN) or Social Security number. Some banks could have a minimum amount that you need to deposit, be it cash or a check, to start your balance.
a valid photo ID that has been issued by the government, like a passport or driver's license.
Other fundamental details include your phone number, Social Security number, or Taxpayer Identification Number.
Some banks may need an upfront deposit.
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the advantages of using the allowance method to account for bad debts include which of the following? (check all that apply.)
Requires no accounting estimates
Matches expenses with related sales
Reports accounts receivable balance at net realizable value
The advantages of using the allowance method to account for bad debts includes:
B. Matches expenses with related salesC. Reports accounts receivable balance at net realizable value.What is the allowance method for bad debts?In accounting, the allowance method is a method that involves setting aside a reserve for the bad debts that are expected in the future; the reserve here is based on a percentage of the sales generated in a reporting period which are possibly adjusted for the risk associated with certain customers.
In other word, its matches the estimated expenses or losses from uncollectible accounts receivables against the sales.
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for each scenario, decide whether the income effect or the substitution effect dominates for each individual's labor supply decision. a. edmond works at a restaurant and on some days is a shift manager and on other days is a server. he makes more money as a server. after the restaurant tells him they only need him to work as a shift manager, he asks to have his hours increased.
The information illustrated when Edmond works at a restaurant and on some days is a shift manager and on other days is a server is an income effect.
What is an income effect?The income-consumption curve is a curve in a graph where the quantities of two goods are schemed on the two axes; the curve is the locus of points showing the consumption bundles chosen at each of various levels of income.
The Income Effect is the change in consumer consumption caused by a change in income, whether it increases or decreases. Income effects can be either direct or indirect. It is indirect when the consumption of certain goods decreases as income decreases, and it is indirect when the price of certain goods rises but income remains constant, causing the income to decrease indirectly.
In microeconomics, the income effect is the change in demand for a good or service caused by an increase or decrease in a consumer's purchasing power or real income. The income effect predicts that as one's income rises, people will begin to demand more and vice-versa.
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The information demonstrates the revenue effect when Edmond works at a restaurant and alternates between being a shift manager and a waitress.
The income-consumption curve is the locus of points displaying the consumption bundles chosen at each of the many income levels. The curve is a graph where the amounts of two items plot on the two axes.
The change in consumer spending brought on by a change in income—whether it rises or falls is known as the income effect. Both direct and indirect income impacts are possible. It is indirect when consumption of specific items declines as income declines and when the cost of certain commodities increases but income stays the same, creating an indirect decline in income.
The income impact in microeconomics refers to the shift in demand for an item or service brought on by an increase or reduction in a consumer's actual income or buying power. According to the income impact, when one's income increases, one will start to expect more, and vice versa.
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5. describe how a self-regulating economy moves out of a recessionary gap. what is the implication of believing an economy is self-regulating?
At point 1, the economy is experiencing a recessionary gap. As a result of the labor market surplus, wages decline and the SRAS curve moves to the right. At point 2, the economy is in balance at the natural level of Real GDP.
When a nation's real GDP is lower than its GDP at full employment, there is a recessionary gap, also known as a deflationary gap.
When real wages reach equilibrium and the amount of labor required and supplied are equal, recessionary gaps close.
A boost in aggregate demand can, if the economy is self-regulating, raise prices and Real GDP in the short term, but the only effect over the long run is a rise in prices.
In other words, an increase in aggregate demand over the long term will only result in greater prices.
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The spouse's work is not taken into consideration in satisfying the material participation requirement, but the hours worked by a spouse are taken into account when evaluating whether a taxpayer has worked for more than 750 hours in real property trades or businesses during a year.false
The statement "The spouse's work is not taken into consideration in satisfying the material participation requirement, but the hours worked by a spouse are taken into account when evaluating whether a taxpayer has worked for more than 750 hours in real property trades or businesses during a year." is false
What is material participation requirement,?When a taxpayer is active in a business on a regular, continuous, and significant basis, they are considered to have material engagement in the company. If this is the case, the taxpayer might indicate that they had "material involvement" on their Form 1040 by checking the appropriate box.
The total amount of time put in. An individual taxpayer is regarded to have significantly engaged in an activity that produced income if they worked on a regular, continuous, and substantial basis throughout the relevant time period.
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CQ
The spouse's work is not taken into consideration in satisfying the material participation requirement, but the hours worked by a spouse are taken into account when evaluating whether a taxpayer has worked for more than 750 hours in real property trades or businesses during a year
True or False
pixie's pizza house, a calendar year corporation, purchased a delivery truck in february for $15,000 (no other assets were purchased that year). how much depreciation will be taken on the truck in the current year if the taxpayer does not elect to use section 179 and does not use bonus depreciation?
The Truck has a 5-year recovery period depreciated under half year convention. In this case, the truck was purchased for $15,000. So 1/5th will be depreciated in the current year. Depreciation would be 15000/5 = $3000. Depreciation would be : $3000
In accountancy, depreciation is a time period that refers to 2 factors of the same idea: first, the actual decrease of truthful fee of an asset, such as the lower in cost of manufacturing facility device every yr as it is used and put on, and 2nd, the allocation in accounting statements of the original price of the assets to durations wherein the property are used (depreciation with the matching principle).
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effective internal control in a small company that has an insufficient number of employees to permit proper division of responsibilities can best be enhanced by
effective internal control in a small company that has an insufficient number of employees to permit proper division of responsibilities can best be enhanced by Direct participation by the owner in key record keeping and control activities of the business.
Which internal control practices are the most effective?Separation of roles, access restrictions, physical audits, standardized documentation, trial balances, periodic reconciliations, and approval authority are the seven internal control methods.
Because it represents the management's and employees' attitudes about requirements and compliance with internal controls, a company's control environment is thought of as the core of an internal control system.
Internal controls must be established by management. Management must maintain sufficient rules and procedures in order to sustain efficient internal controls. Share these guidelines and policies.
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when a master budget is flexed, total costs will be different on the two budgets, but total costs will be the same. (enter only one word per blank.)
master price range is based on one particular stage of manufacturing and a bendy finances can be organized for any production level within a applicable range.
What is the difference between static finances and grasp budget?Additionally, a company's grasp price range may consist of a document of its static budgets in the course of the financial durations the commercial enterprise has been in operation. The key difference between the static price range is it stays constant in the course of modifications in money flow, prices and different economic aspects.
What is the distinction between flexible finances and flexed budget?Flexible vs flexed budget
Flexible budgeting occurs at the commencing of a budgeting period—revenue, costs, and income are forecast across a vary of pastime levels. With this information, a flexed finances can then be created at the end of the price range period based on the true activity level.
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https://brainly.com/question/25353134#SPJ4The contribution margin as a percentage of sales is referred to as the contribution margin or cm.
it is an accounting term that helps business proprietors and executives song product profitability. The contribution margin is vital to apprehend as it suggests how a lot of a product's revenue is available to cowl fixed fees and make a contribution to the company's income.
Formulae: Contribution = general income much less total variable expenses. Contribution consistent with unit = promoting fee according to unit less variable charges in keeping with unit. the total contribution also can be calculated as a Contribution in line with unit x wide variety of devices sold.
The value of materials or product acquisitions is a number of the key variable product costs taken into consideration in the contribution margin. in case your raw materials prices grow as a manufacturer, your contribution margin diminishes due to a higher cost basis.
The Contribution margin consistent with the unit is the selling rate of 1 unit of goods minus the variable charges of making that unit. The contribution margin in keeping with the unit is the quantity of cash each sale contributes closer to paying fixed expenses. once the constant charges are paid, it's going to suggest how tons profit is earned in line with units bought.
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given below are some of the basic parameters corresponding to a product provided to customers. Which of the following qualify as meaningful service to the customers (check all that apply)the right timethe right systemthe right amountthe right conditionthe right balance
The following qualify as meaningful service to the customers is the right time, the right amount, and the right condition.
One who purchases goods or services from another company is referred to as a client. Because they bring in money, customers are important. Organizations would cease to exist without them.
A need that drives a client to buy a good or service is known as a customer need. The final aspect influencing which solution the client chooses to purchase is the need, which can be known (i.e., the consumer can express it verbally) or unknowable. Internal and external clients, distributors, purchasers, influencers, staff members, and others make up this customer selection. It is permissible and usual to refer to them all as "customers."
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question 6 a data analyst creates a dashboard in tableau to share with stakeholders. they want to save stakeholders time and direct them to the most important data points. to achieve these goals, they can pre-filter the dashboard. 1 point true false
A data analyst creates a dashboard in tableau to share with stakeholders. they want to save stakeholders time and direct them to the most important data points. to achieve these goals, they can pre-filter the dashboard. This statement is True.
What is a data analyst?data analysts are the hidden heroes of many important industries, using their abilities to not only keep businesses afloat but also to develop new strategies for making the most use of people, resources, and time. People who are looking ahead understand how crucial and commonplace this knowledge is only growing. Perhaps you've been assessing your aptitude for and interest in the duties of a data analyst.
In general, a data analyst will take data, arrange it, and use it to draw inferences that are useful. According to Stephanie Pham, an analyst for Porter Novelli, "Data analysts' work differs depending on the sort of data that they're dealing with—for example, sales, social media, inventory, etc.—as well as the unique client project."
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How do businesses raise capital?.
Companies can raise money in three different ways through retained earnings, borrowed capital, and equity capital.
Explain about the businesses raise capital?Both debt and equity finance are options for businesses to raise funds. Debt financing calls for corporate bonds to be issued or money to be borrowed from a bank or another lender. The total loan amount must be repaid, together with interest, which is the cost of borrowing.
The four major methods that businesses might obtain the funding they require to fund these projects are: (1) from early-stage investors; (2) by reinvesting profits; (3) by borrowing money from banks or bonds; and (4) by selling stock. A business's owners decide on sources of financial resources and how to pay for them.
To expand and finance new endeavors, businesses must raise capital. Companies can raise capital using retained earnings, borrowed capital, and equity capital. Employing retained earnings means businesses owe nothing, but shareholders can anticipate more profits.
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shea company purchases equipment for $7,700 for which it estimates a seven-year useful life and a $700 salvage value. if shea uses straight-line depreciation and sells the equipment for $3,500 after four years of use, shea will show a $300 gain on the sale.
The statement that Shea will see a gain of $300 on the sale of the equipment after four years of use, is False.
How to find the gain?To find the gain on an asset, the formula is :
= Selling price of the asset - Net book value
The net book value can only be found after the depreciation is found. The depreciation on the equipment purchased by Shea Company, given then straight - line depreciation method, is:
= ( Purchase price - Salvage value ) / Number of years of use
= ( 7, 700 - 700 ) / 7
= 7, 000 / 7
= $1, 000
The net book value on the 4 th year is:
= ( 7, 700 - ( 1, 000 x 4))
= $3, 700
The gain on the sale is:
= 3, 500 - 3, 700
= - $200
Shea Company would make a loss of $ 200.
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The cost system best suited to industries that manufacture a large number of identical units of commodities on a continuous basis is a. process b. departmental c. first-in, first-out d. job order
The cost system best suited to industries that manufacture a large number of identical units of commodities on a continuous basis is a Process.
Process costing is an accounting technique generally employed by businesses that mass manufacture identical or extremely comparable goods or output units. It is typical in industrial sectors where the production costs of each unit of output are very comparable and it is not practical to track expenses for each item separately throughout the production process.
Companies use process costing to calculate item cost by tracking the cost of each stage in the manufacturing process rather than tracking expenses for each individual item. They multiply the overall cost by the number of products after adding up the costs of each stage in the process. The cost per unit is what this is termed.
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true or false: employers make tax deposits for employer and employee medicare taxes, employer and employee social security taxes, and the federal income tax withheld from employee earnings.
Employers make tax deposits for employer and employee medicare taxes, employer and employee social security taxes, and the federal income tax withheld from employee earnings, is a true statement.
What is federal income tax?The annual profits of individuals, businesses, and other legal entities are subject to the federal income tax. All forms of compensation, including salaries, gifts of money from employers, business earnings, tips, winnings from gambling, bonuses, and unemployment benefits, are subject to federal income taxes.
Income taxes are levied on several types of income, including wages and salaries, investment income, and others. Payroll taxes, the second-largest source of government income and approximately one-third of all annual receipts, fund Social Security, Medicare, and unemployment insurance payments.
Thus, it is a true statement.
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if a company chooses to keep its vision customer-oriented rather than product-oriented, what will be the implication of that decision?
If a company chooses to keep its vision customer-oriented, it comes to adapting to changing environments, the company will be more adaptable.
What exactly is the vision statement?
A vision statement describes the company's purpose, what it strives for, and what it hopes to accomplish. Often these vision statement writers find the process rewarding and inspiring. It allows them to express the characteristics that influence the organization's strategy.
A customer-oriented vision defines a company by its own ability to meet the needs of its customers. It identifies a critical need but does not specify how it will be met.
Therefore, a customer-oriented vision adapts to changing environments.
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a seller's incentive to increase production is reflected in its marginal revenue curve. demand curve. market equilibrium price. market share.
A seller's incentive to increase production is reflected in its marginal revenue curve. As long as marginal revenue > Marginal cost, sellers would increase production and as MR<MC, sellers start decreasing production.
The marginal revenue curve is a horizontal line at the marketplace charge, implying a perfectly elastic call for and is equal to the demand curve. beneath monopoly, one firm is the sole seller within the market with a differentiated product. Marginal sales is a central idea in microeconomics that describes the extra overall sales generated by growing product sales by using 1 unit.
To calculate the marginal revenue, a corporation divides the trade in its general sales via the change of its general output amount. Marginal revenue is equal to the selling fee of a single extra item that becomes sold. below are the marginal revenue components: Marginal sales = trade-in revenue/alternate in amount.
The marginal revenue curve for the monopoly firm lies under its call for the curve. It shows the extra sales received from promoting a further unit. the word that, as constantly, marginal values are plotted at the midpoints of the respective durations.
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statement of facts: wendy and peter want to buy property together. wendy will be contributing $70,000.00 of the $100,000.00 purchase price, while peter will be contributing $30,000.00. wendy has two brothers, john and michael, whom she loves very much and she really wants them to inherit her share of the property after her death. applicable law/rules: tenants in common can own unequal percentages of the property, allowing the co-owners to take into account varying levels of contribution. upon the death of a tenant in common, the share owned by the decedent passes through his or her estate to the beneficiaries determined by will, if applicable, or by intestate succession (without a will). joint tenants must own equal percentages, regardless of contribution. upon the death of a joint tenant, the share owned by the decedent goes to the surviving joint tenant.
Wendy's share would go to her estate , to be distributed via her will or via intestate succession .
What does the term "intestate" mean?
Dying without a will is known as intestacy. "Died intestate" refers to a person who passes away without leaving a will. Intestate decedents' estates are handled by the probate court.
The assets of the decedent will be distributed in accordance with the state's intestacy laws.
An intestate heir is what?
Except in cases where a child was adopted by a close relative, biological children who have been adopted by another person typically are not entitled to inherit under intestate succession laws.
If the deceased had no children, the surviving husband would probably get the entire estate.
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TRUE/FALSE. most economists believe that consumers would be better off if markets were perfectly competitive rather than monopolistically competitive.
It is true that the majority of economists hold the view that consumers would benefit from perfect competition as opposed to monopolistically competitive markets.
Economists are employed in a variety of settings, including as academia, government, and the private sector, where they may also "observe patterns in economic activity, economic confidence, and consumer economists sentiments by analyzing data and statistics. They analyze this data with the help of cutting-edge techniques in statistical analysis, math, and computer programming, and then they offer suggestions on how to boost a system's effectiveness or capitalize on emerging trends."
Economists work in industries such as banking, finance, accounting, economists commerce, marketing, business administration, lobbying, and non- or not-for-profit organizations in addition to the government and academia.
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Naveen did his homework. He researched pricing at all the local oil change service centers and decided to price his oll changes at a dollar less than
anywhere else even though he would only make $1 per oil change. What pricing strategy is Naveen using?
Answer: Competitive-Based
Explanation: He is trying to change the pricing model because of the heavy influence of other competitions.
fashions, inc. has 12 shareholders. the company is subject to the model act. what officers is fashions, inc. required to have?
Whatever officers are described in the corporate bylaws is Fashions, Inc. required to have.
Corporate bylaws are a set of legally binding guidelines created by a corporation to direct its internal management. They are sometimes referred to as company or business bylaws. Company policies are outlined in corporate bylaws, such as:
The duties and authority of the board of directors, the shareholders, and the officersGuidelines for board meetingsStandards for shareholder meetingsThe officer hierarchyapproval of internal loansrights to voteOfficers are appointedThe first Directors' Organizational Meeting is often when the corporation's directors formally adopt its bylaws.
The bylaws shall be formed and adopted by the Company and shall govern the internal management of the Company after such formation and adoption.
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Lucas is planning a distribution strategy for his business. He is considering using direct marketing, direct selling, and automatic vending, which are all examples of ____ retailing.
nonstore
Lucas is planning a distribution strategy for his business. He is considering using direct marketing, direct selling, and automatic vending, which are all examples of nonstore retailing.
Location, the least bendy of the strategic retailing issues, determines the buying and selling region from which a shop attracts its clients and consequently need to be evaluated carefully. Examples of constrained offerings include mail-order wholesalers, rack jobbers, truck wholesalers, and drop shippers. Drop shippers do now no longer participate in bodily coping with merchandise considering they take orders online.
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Suppose university officials felt the price of football tickets at your school are too expensive and decide to limit the price the athletic department can charge for a ticket to a single game. What will result from this decision? Select all that apply. a. The quality of facilities will decrease. b. An abundance of cheap tickets will be available online. c. A shortage of tickets will exist. d. The football team will offer more tickets to the game.
Sup-pose university officials felt the price of foot-ball tickets at your school are too expen-sive and decide to limit the price the athletic depart-ment can charge for a ticket to a single game.
The result from this deci-sion would be a. The quality of facilities will decrease. and c. A shortage of tickets will exist.
What is a shortage?A shortage is when the quan-tity demanded of a product exceeds the quan-tity supplied. This usually occurs when the price of the go-od is set below equilibrium price. When the tic-ket price is limited, the profit made per ga-me reduces. As a result, it is expec-ted that the num-ber of tickets offer-ed would dec-line. This would lead to a short-age.
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Which famous chain has exactly one remaining location? circuit city blockbuster borders sports authority.
When it first opened its doors in 1985, Blockbuster had more than 9,000 outlets across the country. However, when companies like Netflix and Redbox started providing on-demand digital services, the company's economic model quickly became old.
In 2010, Blockbuster filed for bankruptcy, and soon after, it started closing its doors, despite several franchise sites trying to stay open. In Bend, Oregon, there is currently just one remaining Blockbuster. The shop, which sells "Last Blockbuster on the Planet" apparel like caps, t-shirts, sweatshirts, and novelty mugs, has become a well-liked tourist attraction.
what is a franchise?
A company may franchise its goods and brand name to expand its market share or geographic reach at a minimal cost. An alliance between a franchisor and a franchisee is known as a franchise. The original company is the franchisor. It offers to license the use of its name and concept. The franchisee purchases the right to use an established business model and trademark to market the franchisor's products or services.
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which of the following are true statements about the federal funds rate? i. it is the same thing as the discount rate. ii. it is the interest rate that banks charge each other for short-term loans. iii. it is influenced by open market operations. which of the following are true statements about the federal funds rate? i. it is the same thing as the discount rate. ii. it is the interest rate that banks charge each other for short-term loans. iii. it is influenced by open market operations. iii only ii and iii only i only ii only i and ii only
The federal funds rate is the term used to describe the interest rate that banks charge other banks when they lend them money on an overnight basis (usually, extra funds that they have on hand in their reserve balances).
The interest rate that banks charge other institutions for overnight loans of excess funds from their reserve balances is known as the federal funds rate. Banks are required by law to keep a reserve in an account with a Federal Reserve bank equal to a predetermined portion of their deposits.
A reserve requirement, which is based on a portion of the bank's total deposits, determines how much cash a bank must maintain in its Fed account.
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which of the following sentences should be rewritten to be more appropriately fact-based and precise?
The company's products are usually well-liked, and if it invests in this project, profits will surely rise.
Do you mean accurate by precise?Scientists think of inaccuracy in terms of precision and accuracy. How accurately a measurement reflects how close it is to the actual or acceptable value. Precision is the degree to which observations of an identical thing agree with one another. Accuracy is not necessary for precision.
What, for instance, does precision mean?Precision seems to be a number that expresses that value of the quantity and indicates how many informational digits are there. For instance, 3.14 is an approximation of pi that is reasonable and accurate. However, the precision digit, which is 3.199, is lower than the precise digit.
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true or false? in monitoring advertising, the media effectiveness ratio is a reflection of the number of people aware of the product or service in the total population.
The given statement is True- means in monitoring advertising, the media effectiveness ratio is a reflection of the number of people aware of the product or service in the total population.
A product or service's customers can be reached through advertising. According to the Advertising Association of the UK, advertisements are messages that are paid for by those who send them and are meant to inform or persuade people who receive them.
Even though some people may not be aware of it, advertising is always around. Advertising in today's society uses all media available to spread its message. This is accomplished by the use of many media, including television, print (newspapers, magazines, journals, etc.), radio, press, the internet, direct marketing, billboards, mailers, competitions, sponsorships, posters, outfits, events, colors, sounds, images, and even people (endorsements).
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within the information search step of the consumer buying decision process, what two primary aspects exist?
Internal search and external search.
There are five fundamental steps in the decision-making process for consumers. Consumers use this technique to weigh their options before making a purchase.
Problem identification, information search, alternative assessment, buy decision, and post-purchase evaluation are the five steps.
Consumer decision-making can appear complicated, but all buyers follow the same fundamental stages to choose the goods and services that will best meet their needs.
Consumers once more rely on internal and external considerations, as well as previous contacts with a product or brand, both favorable and unfavorable, while investigating their options.
They may peruse possibilities in person or check online sources or customer reviews during the information stage.
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