The government may supply some goods or services is NOT true of a market economy. Thus, option A is correct.
What is a market economy?In a market economy, the majority of the goods are owned by people rather than the government. This pertains to labor, capital, and territory. In a free market, people regulate the usage and cost of such resources by their free choices in the market.
It is NOT true in a free market that the government provides all the services and goods. As they may be the ones that will be changing some rules and policies to aid the people. There can be some change in the interest rates that will aid the market. Therefore, option A is the correct option.
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the term morals refers to the personal principles upon which an individual bases his or her decisions about what is right and what is wrong.
true, the term morals refers to the personal principles upon which an individual bases his or her decisions about what is right and what is wrong.
Then are the essential moral values that make character and inseminate positive geste in kiddies.
Respect
Respect is a vital moral value that children have to learn about beforehand on A youthful child must learn to admire all people anyhow of their age, religion, nation, beliefs, or point of view.
Honesty
" Honesty's the stylish policy," children are tutored in books. They must, still, exercise it on a regular base in order to grasp its factual significance.
Compassion
Compassion is defined as the feeling of love and concern for others.
Hard Work
When you were a child, you've presumably heard that" success was made up of 1 alleviation and 99 perspiration." And it's true that hard trouble plays a positive part in every pupil's life.
Kindness
The significance of kindness- although incontrovertibly great is determined by how you express it. The possibilities are endless, whether it's through empathy, acceptance, justice, affable gestures, or thoughtlessness.
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Protects whistleblowers by requiring all public corporations to allow employee concerns about accounting and auditing to be submitted confidentially and anonymously
The Sarbanes-Oxley Act protects whistleblowers by requiring all public corporations to allow employee concerns about accounting and auditing to be submitted confidentially and anonymously.
What in ethics is whistleblowing?
Calling attention to misconduct that is taking place within an organization is referred to as whistle blowing. Reporting misconduct or a legal infraction to the appropriate authorities is one of four ways to raise an alarm, according to the Government Accountability Project. a supervisor, a helpline, or an Inspector General.
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today, the risks involved in doing business in countries such as russia are low, but so are the returns.
The statement about the risks involved in doing business with countries like Russia is a False statement.
Countries do business among themselves so that they may share the technologies, food items and many other commodities among themselves. This is done to increase the bonds among the countries as it may be useful when any other country opposes the country. Countries like Russia are open for business and they provide weapons to almost all the big cities in the world. Russia is the largest exporter of weapons for many countries including India. However, there are several risks included as Russia may ask for the help from the countries they export weapons in times of war because Russia have a prolonged history of war since it was Soviet Union.
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The following information relates to the number of common shares of a corporation: 100,000 authorized shares, 20,000 unissued shares, and 7,000 treasury shares
calculate the number of outstanding shares from the information given
Hootsuite's survey of the most important social media user trends for 2021 included interviews with two public accounting firms - one headquartered in the new york, and the other in chicago. True
False
False. Hootsuite's survey of the most important social media user trends for 2021 did not include interviews with two public accounting firms.
Exploring Social Media User Trends for 2021Hootsuite's survey of the most important social media user trends for 2021 was conducted through a survey of over 1,000 social media users. The survey focused on topics such as what platforms they used, how they used them, and how they engaged with brands. It also included questions regarding their relationship with social media. The survey did not, however, include interviews with two public accounting firms, as the focus was specifically on individual users and their social media habits.
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Mill Co. reported pretax income of $152,500 for the year ended December 31. During the year-end audit, the external auditors discovered the following errors:
Ending inventory
$30,000 overstated
Depreciation expense
$64,000 understated
What amount should Mill report as the correct pretax income for the year ended December 31?
A.$58,500
B.$118,500
C.$186,500
D.$246,500
According to the given statement, Mill should report $118,500 as the right pretax income for the year ending December 31. Option (B) is correct in this regard.
What is a pretax income?Pretax earnings are the money that remains for a business after all operating costs, such as interest and depreciation, have been reduced from total sales revenue, but before taxes have been taken out. Pretax earnings give information about a company's financial health before taxes.
Is pretax income same as gross?Before taxes, benefits, as well as other paycheck deductions are taken out of an employee's paycheck, that amount is known as their gross pay. Net pay, often know as take-home pay, is the amount which is left after all withholdings have already been taken into consideration.
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The scope, schedule, and budget will require the appropriate stakeholder approval
Group of answer choices
True
False
True. The scope, schedule, and budget of a project are critical components that must be approved by the appropriate stakeholders. These stakeholders typically include the project sponsor, project manager, and project team members, as well as any other individuals or groups who have a vested interest in the project. Approval of the scope, schedule, and budget ensures that the project is aligned with the goals and objectives of the organization and that resources are allocated appropriately.
At the equilibrium price and quantity which of these exist (select all that apply)? group of answer choices O shortage surplus O no shortage O no surplus O no economic activity
At the equilibrium, there is no shortage or surplus of price and quantity. The shortage or surplus exists when there is disequilibrium in the economy.
At the price where the quantity demanded and supplied are equal, equilibrium is achieved. By displaying the price and quantity at which the supply and demand curves intersect, it depicts a market is in equilibrium. Market forces push prices towards equilibrium whenever there are imbalances in the market, which result in surplus & shortage.
When the price is higher than the equilibrium, there is a surplus, which motivates sellers to reduce their prices in order to reduce the surplus. Any price below equilibrium will result in a shortage, which raises the cost of the good.
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ruby established an inter vivos irrevocable trust earlier this year that gave her husband, as the sole income beneficiary, a lifetime right to all income payable on an annual basis. ruby named her children as remainder beneficiaries. she also gave her husband a general power of appointment over all trust assets during his lifetime and at his death. she funded the trust with $1,000,000 in cash and assets. which one of the following most closely approximates ruby's taxable gift for this transfer? a) $0 b) $345,800 c) $1,000,000 d) $500,000
The correct option is A, $0 closely approximates Ruby's taxable gift for this transfer.
Taxable refers to the items or income that are subject to taxes. This means that the government has the right to collect taxes from these items or income as per the tax laws.The most common taxable items include personal income, business profits, sales of goods and services, rental income, and investments. Capital gains from the sale of investments or real estate are also taxable. Some states also impose taxes on the transfer of property, such as real estate.
Income from wages, salaries, tips, bonuses, and other forms of compensation are taxed as personal income tax. Social security benefits and pensions are also taxable in some cases.
It's important to note that not all income is taxable. Tax laws also have exemptions and deductions that can lower the amount of taxable income. Additionally, taxes can vary depending on the jurisdiction and the individual's tax bracket.
It's essential to understand what is taxable and how taxes are calculated to ensure that you are paying the right amount of taxes and not incurring any penalties or fines.
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an overemphasis on long-run profit maximization is a common reason for ethical problems that may occur in a business.
Yes, an overemphasis on long-run profit maximization can be a common reason for ethical problems in a business.
When a company prioritizes long-run profit maximization above all else, it may make decisions that harm others, such as exploiting employees, engaging in deceptive marketing practices, or disregarding environmental impacts. This narrow focus on maximizing profits can result in a disregard for the broader impact of business activities on society and the environment.
Moreover, this type of focus can also create a culture within the company that prioritizes profit over ethical considerations. This can lead to a lack of accountability and a disregard for the consequences of business actions.
Therefore the statement "an overemphasis on long-run profit maximization is a common reason for ethical problems that may occur in a business." is true.
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Which one of the following is a source of cash?
a. acquisition of debt
b. purchase of inventory
c. granting credit to a customer
d. payment to a supplier
e. repurchase of common stock
Answer: d. Payment to a supplier
Explanation:
Option "a" is an acquisition of debt, which is not a source of cash.
Option "b" is purchase of inventory, which is not a source of cash, but uses cash.
Option "c" is granting credit to a customer, which is not a source of cash, but uses cash.
Option "e" is repurchase of common stock, which is not a source of cash, but uses cash.
Option "d" is payment to a supplier, which is a source of cash.
you have a credit card balance of $2,000 and are able to make payments of $50 per month. assume the credit card company charges an annual interest rate of 14% (1.16667% per month). how many months will it take to pay off the balance. assume no other purchases. just write the two digit number...no label.
For the 96 months it will take to pay off the balance, the credit card firm charges an annual interest rate of 14%.
You can use the amortization formula for this.
A = P(r/12)/(1 -(1 +r/12)^(-n))
The principal amount is P, the monthly payment is A, the yearly interest rate is r, and the number of months is n.
14= 1000(0.20/12)/(1 -(1+0.26/12)^-n)
We get 1 -(1+0.26/12) by multiplying by the denominator and dividing by 14.
^-n = 1000(0.26)/(12(25)) = 13/15
2/14 = (1+0.26/12)-n is obtained by subtracting 13/14 and adding (1+0.26/12)-n.
This becomes a linear equation when logs are added:
log(1+0.26/12) = -n log (2/15)
N is equal to log(15/2)/log(1+0.26/12) = 93.999.
To pay off the sum, it would take 96 months, or 7 years and 10 months.
Your payments would total $2000.
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Recall the classification of decision problems under uncertainty into four types based on the use of numerical probabilities/verbal events and monetary/non-monetary pay- offs. Expected utility is formulated for problems of (A) Type I; (B) Type II; (C) Type III; (D) Type IV. Let be a preference over some consumption set X, and be the corresponding strict preference. Which of the following situations may be true in the semiorder model? (A) XEYE EX; (B) x > y and y? x; (C) 2 >y> 22; (D) none of the above.
The correct option is D, the classification of decision problems under uncertainty into four types based on the use of numerical probabilities or verbal events and monetary or non-monetary pay- offs is none of the above.
Monetary refers to anything that is related to money or currency, including its creation, regulation, and circulation. It is a system of currency and exchange used in an economy. The monetary system is responsible for the creation of money and its value, as well as its circulation and distribution in the economy. This system also helps to regulate the amount of money in circulation and prevent inflation, which occurs when there is an excess of money in the economy.
Central banks, such as the Federal Reserve in the United States, play a critical role in the monetary system by controlling the supply of money and adjusting interest rates to maintain price stability. Monetary policies are implemented by central banks to ensure the stability of the economy and promote economic growth. In summary, monetary refers to all aspects of the financial system that involve money and its role in the economy.
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Imagine that In-N-Out starts selling animal-style burgers in Westwood and Santa Monica. Assume that animal-style burgers are differentiated enough from other burgers that we can approximate In-N-Out as a monopolist in these markets. Let qW and qSM be the quantities of burgers sold in Westwood and Santa Monica, respectively. The inverse demand for burgers in each location is pW (qW )=9−1/3qW and pSM (qSM )=12−1/2qSM. All animal-style burgers are produced in the same factory (before being shipped to different In-N-Out locations), with decreasing returns to scale. The total cost function for In-N-Out is C(q W,qSM)= (qW+qSM)^2. Assuming In-N-Out maximizes profits, what is the optimal quantity of burgers sold in Westwood? (a) qW=4 (b) qW=3 (c)qW=2 (d) qW=1 (e) q W=3/4
Burgers sold in Westwood at the right rate. Answer: (b) qW=3, the optimal quantity of burgers sold in Westwood is qW = 3.
What is the optimal quantity of burgers sold in Westwood?
To determine the optimal quantity of burgers sold in Westwood, we need to maximize In-N-Out's profits by setting the marginal revenue equal to the marginal cost. In this case, the marginal cost is equal to 2(qW+qSM).
We can start by setting up the profit equation:
π = pW(qW)qW + pSM(qSM)qSM - C(qW, qSM)
We can substitute the inverse demand equations and cost function into the equation:
π = (9 - 1/3qW)qW + (12 - 1/2qSM)qSM - (qW+qSM)^2
Next, we need to take the partial derivatives of π with respect to qW and qSM and set them equal to zero:
∂π/∂qW = 9 - 1/3qW - 2(qW + qSM) = 0
∂π/∂qSM = 12 - 1/2qSM - 2(qW + qSM) = 0
Solving for qW and qSM, we get qW = 3 and qSM = 3.
Therefore, the optimal quantity of burgers sold in Westwood is qW = 3.
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information systems have impact on financial results. using figure 1-8 as a guide, which system is most likely to impact the following line items on an income statement? the systems to consider are enterprise systems, supply chain systems, and customer relationship management systems.
1) Customer relationship management system 2) Supply chain management/ system. 3) Enterprise system 4) Supply chain system
Revenue system is considered to Customer relationship management system. Because it enables to retain existing customers and also attract new customers for higher income, revenue and growth.
Cost of goods sold is considered to Supply chain management/ system. Because it enables effective management of inventory that result in lower cost and smooth operation of business.
Sales, General and Adm. exp. is considered to Enterprise system. As it enables efficient operation and lower support cost process included in sales revenue, gen. Adm. exp.
Interest exp. should be considered to Supply chain system. As it enables to maintain less inventory without any shortage, that results less inventory and lower interest exp.
Net income is considered to all (enterprise, supply chain, and Customer relationship. Because net income is influenced by all system rather than one. It can be improved by effective enterprise, supply chain as well as customer relationship management all together.
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Suppose the United States and Australia were the only two countries in the world, and that both countries pursued a floating exchange rate regime. Note that the currency in Australia is the Australian dollar. a. Draw a correctly labeled graph showing equilibrium in the foreign exchange market for U.S. dollars. b. If the Federal Reserve pursues expansionary monetary policy, what will happen to the U.S. interest rate and international capital flows? Explain. c. On your graph of the foreign exchange market, illustrate the effect of the Fed's policy on the supply of U.S. dollars, the demand for U.S. dollars, and the equilibrium exchange rate. d. How does the Fed's monetary policy affect U.S. aggregate demand? Explain.
a. In the foreign exchange market, the equilibrium is determined by the intersection of the supply and demand for a currency. The equilibrium exchange rate is the rate at which the supply and demand for U.S. dollars are equal.
b. This increase in the supply of U.S. dollars will lower the U.S. interest rate.
c. The effect of the Fed's monetary policy on the foreign exchange market can be illustrated by an increase in the supply of U.S. dollars and a rightward shift of the supply curve.
d. This increase in aggregate demand will drive up economic growth and help to boost employment and income levels in the U.S. economy.
The Foreign exchange market, also known as the Forex market, is the largest financial market in the world. It operates 24 hours a day and five days a week, making it a highly liquid market. The Forex market is a decentralized market, meaning there is no central exchange where all transactions take place. Instead, transactions occur through a network of banks, brokers, and financial institutions around the world. The Forex market is used for the trading of currencies, and the value of a currency is determined by its demand and supply.
Participants in the Forex market include central banks, commercial banks, hedge funds, corporations, and individual investors. The Forex market is highly volatile, with currency values constantly fluctuating due to global economic events, geopolitical events, and other market-moving news. Due to its size and liquidity, the Forex market offers a vast array of opportunities for trading and investment.
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Each month the government releases unemployment statistics: The stated unemployment rate doesn't include people who choose not to be employed, such as retirees. Based on a random sample of 1000 Georgia adults, a 99% confidence interval for the proportion of all Georgia adults employed in the workforce is 0.532 to 0.612 Is it plausible 60% of all Georgia are employed? Why or why not?
According to the 99% confidence interval of 0.532 to 0.612, it is not likely that 60% of Georgia's adult population is employed. A set of values with a 99% likelihood of containing the actual percentage of working-age . 60% is not regarded as probable because it falls outside of this range.
A confidence interval is a range of values that, with a certain degree of assurance, offers an estimate of a population parameter. The interval is computed using a population sample drawn at random, accounting for sample size and variability. The degree to which it is definite that the interval contains the actual population parameter is indicated by the level of confidence, which is stated as a percentage. If the same sample is obtained multiple times and the interval is calculated each time, for instance, 99% of the intervals will contain the true population parameter.
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Revenue is recognized at the time of sale, which is when:-The cash payment from the buyer to seller is made-A discount has been provided for prompt payment-Title passes to the buyer, or when the services are performed-The cash payment from the seller to buyer is made
Revenue is recognized when it is realized or realizable and earned (typically when goods are transferred or services are rendered), regardless of when cash is received.
What is revenue?Revenue refers to income generated by business operations, whereas profit refers to net income after expenses are deducted from earnings. Sales, income from fees, and income generated by property are all examples of revenue.
Revenue refers to the total earnings generated by a company through its core operations, such as product or service sales, property rents, recurring payments, interest on borrowings, and so on.
According to the revenue recognition principle, revenue is recognized when a product or service is delivered to a customer.
1. record revenue as it is earned
2. The proceeds do not have to be in cash.
3. Calculate revenue based on cash received plus the cash value of items received.
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PLS HELP TRUE OR FALSE
The WBS provides the basis on which resource assignments are made.
Group of answer choices
True
False
True. The Work Breakdown Structure (WBS) is a hierarchical decomposition of a project into smaller, more manageable tasks. It provides the framework for organizing and defining the total scope of a project and is used as the basis for resource assignments and budgeting.
Richard is a technical analyst at a marketing firm. He is highly regarded by his peers and supervisors who always seek his advice while making important decisions for the company. In this scenario, Richard can be classified as a(n) _____.
Richard could be considered a human resource in this scenario. Recruitment efforts are the responsibility of specialists in human resources.
What do human resources do?Human resources professionals hire new employees and place them in jobs by recruiting, screening, and interviewing applicants. Additionally, they might be in charge of employee relations, compensation and benefits, and training. Specialists in labor relations manage and interpret labor contracts.
The highest salaries for jobs in human resources can reach up to $182,500 per year. Human resources is a huge industry with many jobs for people who want to work in it. Recruitment efforts are the responsibility of specialists in human resources.
Richard works for a marketing company as a technical analyst. His coworkers and superiors regard him highly, and they always seek his counsel when making significant business decisions . Richard could be considered a human resource in this scenario.
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A tax watchdog group is interested in ensuring that the city does not spend more than the amount of resources it receives in the current fiscal year. The watchdog group is primarily interested in
O Fiscal accountability.
O Social accountability.
O Political accountability.
O Operational accountability.
The watchdog group is primarily interested in d)Operational accountability.
Operational accountability refers to ensuring that an organization's resources are being used efficiently and effectively to achieve its goals. In this case, the tax watchdog group is primarily concerned with ensuring that the city does not overspend its resources, indicating that they are focused on operational accountability.
This type of accountability involves evaluating and reporting on the day-to-day operations of the organization, such as budgeting and spending, to ensure that they are aligned with its goals and are being managed effectively.
By focusing on operational accountability, the tax watchdog group can help ensure that the city's resources are being used effectively and efficiently to serve the needs of its citizens.
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According to the talbe below which shows the costs of production for a firm, the average total cost of producing 3 units of output is ?
According to the table below which shows the costs of production for a firm, the average total cost of producing 3 units of output is 20.
Production expenses include all direct and indirect costs incurred by enterprises while producing a product or providing a service. Labor, raw materials, consumable manufacturing supplies, and general overhead are all examples of production costs.
Production costs are the expenses incurred by a corporation while producing a product or delivering a service that creates income for the firm.Labor, raw materials, consumable manufacturing supplies, and general overhead are all examples of production costs.Total product costs are calculated by combining the total direct material and labour expenses, as well as the total production overhead costs.Learn more about costs of production
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You have $2,500 to deposit into a savings account. The five banks in your area offer the following rates. In which bank should you deposit your savings
Answer:
Meh why did you not show us the rates? How are we supposed to know. Anyway you should deposit it in the one with the highest rate
Explanation:
The more the interest rate, the more you will benefit because it represents an additional cash that you're receiving on your savings.
A bank should you deposit your savings in Bank B: 3.69%, compounded monthly. The correct option is (5).
What do you mean by Saving account?Savings accounts are deposit accounts with fewer transaction restrictions than current accounts, which are used for daily transactions.
There are numerous types of savings accounts, but the deposit account, money market account, and certificate of deposit are the three most popular.
Every one of them begins with the same fundamental premise: deposit money with a bank, and in exchange, the money will earn interest.
Therefore, in Bank B: 3.69%, compounded monthly, the bank should you deposit your savings.
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This is an incomplete question, the complete question is:
You have $2,500 to deposit into a savings account. The five banks in your area offer the following rates. In which bank should you deposit your savings?
0 Bank C: 3.70% compounded semi-annually.
O Bank E: 3.65% compounded quarterly.
O Bank D: 3.67% compounded continuously.
O Bank A: 3.75%, compounded annually.
O Bank B: 3.69%, compounded monthly.
companies both large and small now view the world, rather than a single country, as their marketplace.T/F
True, companies both large and small now view the world, rather than a single country, as their marketplace.
What is a marketplace?A marketplace is an online store or platform that helps both buyers and sellers in various ways. An online marketplace is similar to an e-commerce website or mobile app where sellers and buyers can meet and exchange goods and services. All transactions, including payments, transactions, and processes, are handled by the website.
One of the most intriguing aspects of a marketplace is that it provides you with almost everything on a single platform; all you need to do is download the app to your phone and use it. Customers can purchase goods from various suppliers on a single platform. Instead of offering their products separately at their respective stores, they must handle everything, including store management, customer service, and delivery.
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the analysis tab allows you to report on the forecast performance of selected properties in a portfolio.
True, the analysis tab allows you to report on the forecast performance of selected properties in a portfolio.
What is forecast performance?One of the most crucial steps in the demand forecasting process is to evaluate the performance of the forecast. As you are aware, improvements are rewarded when problems are fixed. You can't increase the accuracy of your demand forecasts until you evaluate and compare your current forecasting capabilities. It is common to come across businesses that have never really assessed the consistency of their demand projections on a regular basis (e.g., weekly, monthly).
While some companies now measure forecast performance as part of the weekly or monthly demand forecasting process, many still do not. Some companies measure forecast accuracy on a quarterly basis. Those who do primarily concentrate on measuring forecast accuracy at the aggregate level, paying little attention to stock-keeping unit (SKU) specifics or internal mix within the aggregates.
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in marketing terms, the trade of things of value between the buyer and the seller so that each is better off as a result is referred to as
In marketing terms, the trade of things of value between the buyer and the seller so that each is better off, as a result, is referred to as "exchange."
Exchange is a fundamental concept in marketing, as it forms the basis of all transactions between buyers and sellers. In exchange, the buyer offers something of value, such as money, goods, or services, to the seller in exchange for a product or service that the buyer wants or needs.
The exchange is considered mutually beneficial because both the buyer and the seller receive something of value in return for what they have given up.
The buyer receives the product or service they want, while the seller receives compensation for the product or service they have provided. This exchange helps to create economic growth and a thriving market.
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With some algebra and assumptions, the variance of an N-asset portfolio can be written as:
σP2=σ2N+N−1NCov
where σ2 is the average variance of stocks in the portfolio and Cov is the average covariance between each pair of stocks in the portfolio. Based on this result, which of the following will happen in a sufficiently well-diversified portfolio?
Group of answer choices
Systematic risk converges to Cov
Firm-specific risk converges to 1
Firm-specific risk converges to σ2
Total risk converges to 0
With some algebra and assumptions, the variance of an N-asset portfolio can be written as:
σP2=σ2N+N−1NCov
The following will happen in a sufficiently well-diversified portfolio: Firm-specific risk converges to σ2.Thus option (c) is correct.
What is variance?The variance is a measurement of the spread between numbers in a data set. It measures the degree of dispersion of data around the sample's mean.
Investors use variance to see how much risk an investment carries and whether it will be profitable. Variance is also used in finance to compare the relative performance of each asset in a portfolio to achieve the best asset allocation.
The square root of the variance is the standard deviation.
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A manager hires labour and rents capital equipment in a competitive market. currently the rate of wage is $9 per hr and capital rented is $10 per hr. If the marginal product of labour is 50 units and the marginal product of capital is 60 units per hr of out put. should the firm increase, decrease or leave unchanged the amount of capital used in the production process? (Please include the formula)
The firm should decrease the amount of capital used in the production process.
What is capital?Capital may be defined as anything that provides value or benefit to its owners, such as a factory and its equipment, intellectual property such as patents, or a company's or an individual's financial assets.
Calculation:
The hourly wage is $9, and capital is rented out at $10.
The marginal product of capital are 60 units per hour, while the marginal product of labor are 50units per hour.
In a highly competitive market, a manager rents capital equipment and hires labor.
The ratio of marginal product of labor and wage rate
= 50/9
= 5.55
The ratio of marginal product of capital and rent
= 60/10
= 6
Since, the ratio is greater for capital, it means that the manager should decrease the amount of capital used in the production process.
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The type of information included in an account includes
a. The sum of daily transactions
b. A posting reference
c. Columns for increases and decreases
d. The account title
Answer:
The type of information included in an account typically includes:
a. The account title b. A posting reference c. Columns for increases and decreases d. A running balance of the account e. The sum of daily transactions
Leonie should be more if she wants to become a more effective listener
Leonie should be more Open minded she wants to become a more effective listener.
What is effective listening?Effective listening entails actively taking in the information that is being conveyed to you by a speaker, demonstrating your interest and attentiveness, and responding to the speaker so that he or she is aware that the message was understood.
Similar to writing a newsletter, verbal communication entails trying to select the appropriate words and nonverbal cues to convey a message that will be understood as you want.
Listeners who are attentive demonstrate to speakers that they have been heard and understood. The best communicators adapt their responses to the circumstances.
It is helpful to distinguish between coaching and counseling situations when having conversations with the people you supervise. Setting standards or giving counsel to your staff in order to assist them develop their talents is known as coaching.
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