Answer:
$22.68
Explanation:
Give me Brainliest if that helped! :)
How do you define a small business? Not the textbook definition but how you define it in your own words. List several small businesses in your local area and evaluate what makes them a small business and how you know. What impact do these small businesses have on your local economy? Explain.
Small business can be described as the business that is been privately owned corporation and can as well be a partnership, or sole proprietorship , and this business usually consist of small number of employees which do consist of less annual revenue compare to corporation or regular-sized business.
List several small businesses in your local area are:
Personal Trainers Site building and web design.Local Auto Repairs.The impact these small businesses have on your local economy is that it help the economy because Small businesses serves as the important economic engine since it serves as the back up .
What is a business?Small businesses can be described as the one that help the local economies because it bring about the growth as well as the innovation into the community that the business is been established.
In conclusion, Business can be described as the organization as well as enterprising entity which focus on making profit by engaging in the production or selling of products as well as services.
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If you are trying to avoid a framing bias and you are looking for a way to diagram a yes or no decision makiing process you should use what tool to make decision
If you are trying to avoid a framing bias and you are looking for a way to diagram a yes or no decision making process you should use what tool to make decision- Heuristic.
Heuristics are cognitive short cuts that enable speedy and effective problem solving and judgment. These rule of thumb techniques speed up decision-making and enable people to carry out their tasks without constantly pausing to consider their next course of action.
Heuristics were initially established in psychology in the 1950s by Nobel laureate economist and cognitive psychologist Herbert Simon. Despite people's best efforts to make reasonable decisions, he argued that human perception is bound to cognitive constraints. Purely logical choices would entail assessing all the advantages and disadvantages of each solution.
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The Money Order Transaction log must be completed for all money
order transactions.
True
False
The statement that the Money Order Transaction log must be completed for all money order transactions is FALSE.
When should the Money Order Transaction log be completed?The regulations of the United States Treasury Department states that the Money Order Transaction log should be filled for money order transactions that are either valued at $3,000 or above.
This means that money orders that are less than $3,000 need not be filled in the Money Order Transaction log.
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To what are multiple servers arranged in racks related?
A: clouds
B: Microsoft Visio
C: data centers
D: implementation
Answer: its data centers because it points too rack servers but the only answer that sticks would be data centers
Explanation:
Answer:
Various number of servers placed in racks are related to Rack servers in data center.
Explanation:
In data center commonly used server is Rack servers. Servers are being arranged in the mounted racks are generally called as rack servers in the data center. Internal fans are being fitted inside the racks make the servers to make a good airflow and maintain the cooling. There are different types of racks available the user can choose based on their requirement.
Brainliest please
The risk that your investment will lose value because your return is dependant on the stability of a secondary investment is known as
The risk that your investment will lose value because your return is dependent on the stability of a secondary investment is known as asset-backed risk.
The definition of an investment is an asset that is bought or invested to build wealth and save money from hard-earned profits and capital gains. Overall, the meaning of investing is to achieve benefits from another source of income or funding over a period of time. Investing is an effective way to make coins work and potentially build wealth. Smart investments can also help cash outpace inflation and increase its value. The doubling of your ability to make an investment is generally due to the power of compound interest and the risk/return trade-off.
Simply put, investing is successful when you buy assets low and sell them high. This form of access to funding is referred to as capital disbursement. Promoting properties for income and identifying returns or capital gains is one way to make money from your investments. Investor benefits include advanced portfolio management, dividend reinvestment, risk mitigation, convenience, and fair pricing. The disadvantages include excessive fees, tax inefficiencies, poor implementation of changes, and potential administrative abuse.
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Securities Markets and Investment Companies
Quiz Active
The Securities and Exchange Commission will consider a monetary penalty to those financial institutions that
do not abide by their mandates. This activity is an example of
O education
O enforcement
accuracy
O operations
The Securities and Exchange Commission will consider a monetary penalty to those financial institutions that do not abide by their mandates.
Financial is defined as providing money or credit for something. An example of finance is a bank lending someone money to buy a house. The company is in financial trouble. Government financial advisor. Synonyms: Economy, Business, Money, Budgeting More synonyms for finance.
Refers to the corpus of funds and credit used by businesses. Business funds are necessary for the purchase of assets, goods, raw materials, and for conducting other economic activities. Strictly speaking, it is required to perform all business transactions. Finances are also important so that companies can take risks and grow. As the use of technology increases, people are becoming more and more dependent on money to reach their goals. Finance is important for empowerment because it enables businesses to take risks and grow.
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Most schools and businesses require some standard style of documentation for written reports. Discuss why that might be.
Answer:
The reason most schools and businesses require some form of standard formate is to be precise and clear for the reader. When filing government documents, they are formatted in certain ways for filing and researching all the important information.
Explanation:
1. It is important that you get to know your money __________.
A. situation
B. personality
C. potential
D. language
2. What is the second key to a successful financial plan?
A. set money goals
B. apply for a job
C. talk with your parents about money
C. plan your career
3. Once you have established your financial plan you need to write it down.
false
true
4. Seven out of every ten families in America live ________ __ _________.
A. paycheck to paycheck
B. loan to loan
C. house to house
D. job to job
5. What is the first key component of a successful financial plan?
A. get a job
B. assess your financial situation
C. buy a car
D. put money into savings
It is important that you get to know your money situation. Setting money goals is the second key to a successful financial plan. Once you have established your financial plan you need to write it down. The given statement is True.
Why a financial plan is important?A financial plan serves as a guide as you travel through life's journey. Essentially, it allows you to be in control of your income, expenses, and investments, allowing you to manage your money and achieve your goals.
Seven out of every ten families in America live paycheck to paycheck. The first key component of a successful financial plan is to assess your financial situation.
Make saving for the future your top priority, ahead of all other financial obligations. Try to save at least 10% of your annual income. You might be able to save more or less depending on your obligations.
Thus, the ideal selections are A, A, True, A, and B respectively.
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2-2
Why is it often necessary and advantageous to have inter-
mediaries in a marketing or distribution channel? (AACSB:
Communication; Reflective Thinking)
J!
It is often necessary and advantageous to have intermediaries in a marketing or distribution channel because of the below-given reasons.
Marketing intermediates, also known as distribution intermediaries, are companies engaged by product manufacturers to market, sell, and distribute their products to end users.
Wholesalers, merchants, agents, marketing services firms, distribution organizations, and financial institutions are among them.
Goods promotion is assisted by agents and marketing firms, while wholesalers, retailers, and distribution organizations offer the product to customers.
Intermediaries frequently give substantial benefits:
they help buyers identify what they need, they assist set standards, and they facilitate comparison shoppingall of which boost efficiency and keep markets running smoothly.Hence, it will be beneficial to have intermediaries in the marketing or distribution channel.
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Emmy is analysing a two-share portfolio that consists of a utility share and a commodity share. She knows that the return on the utility has a standard deviation of 35 percent, and the return on the commodity has a standard deviation of 41 percent. Calculate the variance of the portfolio if the covariance (σ12) is 0.16, assuming an equal proportion of each share in Emmy’s portfolio
30% of the standard deviation of a portfolio (SD) assumes an equal proportion of each share in Emmy’s portfolio.
Bearing 1 = Useful Bearing
Weight of Useful Bearing = 50% ; Standard Deviation of Supply Inventory = 40%
Inventory 2: Merchandise Inventory
Weight of Merchandise Inventory = 50%; Standard Deviation of Raw Material Inventory = 30%.
Standard deviation (or σ) is a measure of how far the data are from the mean. A low standard deviation means that the data are clustered around the mean, and a high standard deviation means that the data are more scattered. The standard deviation is: This is a measure of how the numbers are distributed.
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Do you think employers have a right to take away an employee or associates phone upon entering their premises? Does this have a positive or negative impact on efficiency and productivity? What are the ethical and privacy implications for the employer and employee? Find an article that supports your opinion. If you were the employer, what policy would you have regarding phones and social media while in your establishment and why.
I both employee's have the same role then they dont have rights, as its also negative impact on efficiency and productiviy.
Leimersheim GmbH has adopted the following policies regarding merchandise purchases and inven-
tory. At the end of any month, the inventory should be €15,000 plus 90% of the cost of goods to be
sold during the following month. The cost of merchandise sold averages 60% of sales. Purchase terms
are generally net, 30 days. A given month’s purchases are paid as follows: 20% during that month and
80% during the following month.
Purchases in May had been €150,000 and the inventory on May 31 was higher than planned
at €230,000. The manager was upset because the inventory was too high. Sales are expected to be
June, €300,000; July, €290,000; August, €340,000; and September, €400,000.
1. Compute the amount by which the inventory on May 31 exceeded the company’s policies.
2. Prepare budget schedules for June, July, and August for purchases and for disbursements for
purchases.
1. The amount by which the inventory on May 31 exceeded the company’s policies is €53,000.
2. The preparation of the budget schedules for June, July, and August for purchases and for disbursements for purchases is as follows:
a) Purchases:May June July August
Cost of goods sold 180,000 174,000 204,000
Ending Inventory €230,000 171,600 198,600 231,000
Goods available for sale 351,600 372,600 435,000
Beginning Inventory 230,000 171,600 198,600
Purchases €150,000 121,600 201,000 236,400
b) Disbursement for purchases:May June July August
20% during the month 24,320 40,200 47,280
80% following month 120,000 97,280 160,800
Total disbursements €144,320 €137,480 €208,080
How is the difference between actual inventory and inventory per company policy determined?Expected ending inventory = €15,000 plus 90% of the next month's cost of goods.
Cost of goods sold = 60% of sales
Purchase terms = net 30 days
Purchase payments:
20% during the month
80% following month
May June July August September
Expected Sales €300,000 €290,000 €340,000 €400,000
Cost of goods sold 180,000 174,000 204,000 240,000
Purchases €150,000
Ending Inventory €230,000
= €15,000 plus 90% of €180,000 = €177,000
Excess ending inventory for May = €53,000 ( €230,000 - €177,000)
Data and Calculations:Purchases:May June July August September
Expected Sales €300,000 €290,000 €340,000 €400,000
Cost of goods sold 180,000 174,000 204,000 240,000
Ending Inventory €230,000 171,600 198,600 231,000
Goods available for sale 351,600 372,600 435,000
Beginning Inventory 230,000 171,600 198,600 231,000
Purchases €150,000 121,600 201,000 236,400
Disbursement for purchases:20% during the month 24,320 40,200 47,280
80% following month 120,000 97,280 160,800
Total disbursements €144,320 €137,480 €208,080
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nieto machine shop budgeted 4200 labor hours and 4800 machine hours used in May. Total Budgeted overhead for May is $142800. Calculate the overhead rate using 1) labor hours and then 2) machine hours?
The overhead rate using labor hours is $34.00 per labor hour
The overhead rate using machine hours is $29.75 per machine hour
What is the difference between overhead based on machine and labor hours?
The distinction between overhead based on overhead apportion based on machine and labor hours is that the basis of overhead allocation under the former is machine hours where labor hours are used in computing overhead in the latter.
In other words, overhead rate based on labor hours is determined as the total budgeted overhead for May divided by the budgeted labor hours
overhead rate= $142800/4200
overhead rate=$34.00
The overhead rate using machine hours is computed as the budgeted overhead divided by the budgeted machine hours
overhead rate=$142800/4,800
overhead rate=$29.75
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1.What duties does a customer have to his or her bank?
2. What do you think are conditions that must be met if the banker is to honour the customer’s cheques?
3. Can you describe any circumstances where it might be in the interst of the bnk to divulge information about the affairs of one of its customers?
Answer
1. Right to charge interest
Every bank in India has the right to charge interest on the loans and advances sanctioned to customers. Interest is usually charged monthly, quarterly, semiannually or annually.
2. Right to levy commission and service charges
Along with interest, banks also have the right to levy a commission and service charges for the services rendered. The service rendered by the bank might be SMS notification service, retail banking and so on. Banks can also debit these charges from the customer's bank account.
3. Right of Lien
Another important right enjoyed by banks is the Right of Lien. Banks have the right to keep goods and securities belonging to the debtor as a security, until the loan is repaid by the debtor. Banks have only the right to maintain the security of the debtor and not to sell
Answer:
1. Right to charge interest
Every bank in India has the right to charge interest on loans and advances sanctioned to customers. Interest is usually charged monthly, quarterly, semiannually, or annually.
2. Right to levy commission and service charges
Along with interest, banks also have the right to levy a commission and service charges for the services rendered. The service rendered by the bank might be SMS notification service, retail banking, and so on. Banks can also debit these charges from the customer's bank account.
3. Right of Lien
Another important right enjoyed by banks is the Right of Lien. Banks have the right to keep goods and securities belonging to the debtor as a security until the loan is repaid by the debtor. Banks have only the right to maintain the security of the debtor and not to sell
Which one of the following terms is not an affirmative defense in a defamation action?
The option that is not an affirmative defense in a defamation action is:
Actual malice implies that the party behaved with either:
1) with knowledge of a claim's falsehood
2) with reckless disregard for the veracity of the assertion. In a defamation lawsuit, the others are affirmative defenses.
What is defamation?Defamation is defined as any communication that harms a party's reputation, honor, or dignity in the eyes of a third party.
It might be either oral or written. It is either a tort or a crime.
The legal definition of defamation and associated activities, as well as how they are prosecuted, can differ widely between countries and jurisdictions.
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Full Question:
Which one of the following terms is not an affirmative defense in a defamation action?
O Absolute privilege
O Actual malice
O Truth
O All of these
O Conditional privilege
The British government has a consol bond outstanding paying £300 per year forever. Assume the current interest rate is 4% per year.
What is the value of the bond immediately before a payment is made?
Ans: The value of the bond is equal to the present value of the cash flows. The cash flows are the perpetuity plus the payment that will be received immediately.
PV = 100/0.04 + 100 = £2,600
My question is what 100 comes from? Should it not be 300?
The value of the bond immediately before a payment is made is £7500 at the nterest rate is 4% per year.
The Interest rate is the quantity a lender prices a borrower and is a percentage of the fundamental quantity loaned. The interest price on a mortgage is normally noted on an annual basis called the once-a-year percent charge.
The value of the bond immediately after the payment is made can be calculated by the following formula.
= Cash Flow per year / Interest rate
= 300 / 4%
= 300 / 0.04
= £7500
The value of the bond immediately before the payment is made can be calculated by the following formula.
= Cash Flow per year + [Cash Flow per year / Interest rate]
= 300 + [300 / 4%]
= 300 + 7500
= £7800
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Can someone please help me with this as soon as possible? I will mark as brainiest!
For each transaction below, calculate the amount of revenue to be recorded in the current period using accrual-basis accounting:
a. Performed $29,000 of services during the month and received full cash payment from customers at the time of service.
b. Performed $10,000 of services during the month and billed customers. Customers are expected to pay next month.
c. Received $11,000 cash from customers for services to be provided next month.
The accrual accounting for the current period in all of these would be
Amount of revenue to be recorded is $29000Amount of revenue to be recorded is $ 10,000.Amount of revenue to be recognized is $ 0.What is accrual accounting?This is the term that is used to refer to the method of accounting that is concerned with the recording of revenue first before there would be a payment for the goods that were sold or for the services that were rendered.
A) The amount for the services that were performed is said to be $29000 in the month and the full payment for the services was received. Therefore all of the sum is what has to be recognized as the amount in that period.
B) The services performed here is $10000, but the payment for the job would have to be recorded in the next year. Hence the entry would be the 10000 although it would be gotten next year.
C) The services here has not been rendered it would be done in the next year. The company is in a liability at the point because the money is not for the month, it is to be earned in the next month, hence the accrual accounting is 0
Hence in summary we would have the accrual accounting as:
Amount of revenue to be recorded is $29000Amount of revenue to be recorded is $ 10,000.Amount of revenue to be recognized is $ 0.Read more on accrual accounting here:
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4. The economy of China is in transition. What does this mean?
Answer:
The economy of china is in transition means that the economy is moving from central planning toward a market-based system. Economic transition is when a nation moves from one economic system to another.
Explanation:
Answer:
The economy of China is in transition it mean
Explanation:
They are in the process of moving to market based economy.
A team is working together to create a company's monthly newsletter. Josie chose the topic. David created the outline. Romy added details to the outline. Angie revised Romy’s work. Nate edited and published the message.
A team is working together to create a company's monthly newsletter. The employee who created the draft is B. David.
A group employee uses strong communication abilities, is an active listener, and develops and maintains credibility with colleagues. Colleagues cooperate with each other and observe their individual abilities towards completing a common mission or meeting a purpose to enhance performance and productiveness.
Teamwork is predicated on synergy and cooperation amongst participants. each crew member ought to put in his or her fine efforts into gaining knowledge of the process and be bendy enough to adapt to changing situations. The group's goals can simplest be carried out if each member collaborates, cooperates, and supports each other.
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Disclaimer:- your question is incomplete, please see below for the complete question.
A team is working together to create a company's monthly newsletter. Josie chose the topic. David created the outline. Romy added details to the outline. Angie revised Romy’s work. Nate edited and published the message.
Which employee created
the draft?
A. Josie
B. David
C. Romy
D. Angie
9. After a long illness, your uncle dies. He leaves a
sizeable estate but no will is found for several
weeks. Finally, one of his ex-wives appears
with a document she claims to be a valid will.
It shows her and her children by him receiv-
ing most of his property. Your parents and
the deceased's other children contest the will.
Should the federal or state courts handle this
case? Why? Which court in which system is most
likely to hear it?
We can see here that from the scenario given already, the court that should handle this case is a state court. This is because the case is a family issue which is not a big matter of national importance.
We see that should hear and handle this case is the Family Court.
What is a court?A court is actually known to be an institution that has the responsibility to carry out legal activities like legal disputes between parties. The court consists of justice of the court and the other legal practitioners.
We see here that in the stated scenario, the family court in the state will be fit to handle the case.
The court handles matters of administration and criminal offenses in accordance to the constitution and law of the land.
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B) Suppose company A has issued 10 million shares which are trading at GHS 50 each: 4 million preference shares at GHS 40 and 1,500 bonds at GHS 100,000 each. i. What is this company’s capital structure?
Company A's capital structure comprising of the proportion each financing source contributed to overall finance is as follows:
Equity 13.89%
Preference shares 44.44%
Bonds 41.67%
What is capital structure?
Capital structure in this instance refers to how the company is financed using a combination of equity, preference shares and bonds, in other words, we are required to determine the percentages that each source of finance contributes to the overall total funding available to company A
Total equity=10million*50
Total equity=50 million
preference shares=4 million*40
preference shares=160 million
bonds=1500*0.1 million
bonds=150 million
total capital=50 million+160 million+150 million
total capital=360 million
equity %=50/360=13.89%
preference share%=160/360=44.44%
bond %=150/360=41.67%
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A Canadian company with a registered HST number receives an invoice from a
supplier for $1,000 worth of goods. There is $130 of HST charged on the invoice. To
which of the following general ledger accounts will the $130 of HST be coded?
h
HST Tax (Liability/Asset)
Cost of Goods Sold (Expense)
Sales (Income)
Tax Expense (Expense)
ANSWER COMPLETE
SKIP THIS QUESTION
Exit
A Canadian company with a registered HST number receives an invoice from a Business number".
What is the HST calculation formula?You can use the following abbreviated formula to determine the HST extracted amount on a product:
HST amount = (Retail price - Deposit) x 0.115.
Retail price minus deposit: An illustration $25 minus the $0.20 deposit equals $24.80.
To get the basic pricing, take the HST out: example $24.80 ÷ 1.13 = $21.95 (Divide by 1.13)
How is HST deducted from total cost calculated?HST is equal to price x 12 (the HST percentage)/112. $150.00 would be the initial-cost before HST, and $18.00 would be the HST, for a grand total of $168.00.
The HST is always 13%.A fusion of federal and provincial-taxes on products and services in five Canadian provinces is known as the harmonized-sales-tax (HST). Except for Ontario, where the HST tax rate is 13%, all participating provinces have a 15% HST tax-rate.
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The form of business ownership that has the most difficulty in raising capital is the
Answer:
is the buisness manager
Explanation:
because manager is always working and giving money, director just controls company
2. In designing their strategy, most
international firms have to decide
whether they want to enter markets
incrementally (the waterfall approach)
shower
or simultaneously (the
approach). As a
international marketing,
student
of
what will be
your key arguments for choosing
either of such approaches.
The majority of global businesses must determine whether they wish to simultaneously enter markets or do it incrementally (the waterfall technique) (the approach). What will be your main justifications for deciding on one of these strategies, as a student of international marketing?
The Waterfall Strategy: This method allowed businesses to take advantage of the market; often beneficial structure small businesses need more resources to cover several industries at once. In a cascade system, the new product is often introduced in stages as follows: first in the organization's home market, then in other developed markets, and last in less developed areas. After completing the initial phase, the company should evaluate the new locations that it will use to market its products; the introduction to each market will be completed step by step, taking into account how this market should be similar to the commercial center where the product is currently found. The following are the main advantages of using the cascade technique:
• Enables firms with limited resources to start their internationalization cycle gradually and choose the best method to enter new business sectors based on their interactions with each market.
• The level of risk is lowered because the company will approach each area in a staged manner and may decide to quit if they find any unhappiness with the product market.
• The item displays are continuously presented, and the item life cycle is increased:
Items that are nearing the end of their life cycle in the domestic market may enter other markets, increasing turnover and preventing item stockpiling.
Several drawbacks of this system include:
• Difficulties in the primary stage in the event that low achievement levels occur.
• Early imitation of the thing being displayed innovation (s)
Contrary to the cascade methodology, this approach, known as the concurrent system, searches for the advantages offered by every country at the same time. It takes into account that the time used to arrive to various business sectors is brief. However, some unique nation meetings may be entered before others.
The short pattern of the item requires more interest in R&D, which means that the organization has less of an ideal opportunity to amortize these costs. This type of procedure is somewhat complex because it is not difficult to adjust branches in other countries to create a fruitful section of the item in a short amount of time.
Shower protocol elements:
• Concurrent division into business segments
• Entry into the business sectors in a reasonably brief period of time; timeliness of the separation of useable issues;
· Establishing auxiliary
Benefits of the procedure include:
• Successful entry into industry sectors (also known as "amortization") for:
o quick invention and item cycles (for example semiconductors, PCs)
R&D processes might take a very long period.
• Ability to define market boundaries for competitors (by setting up a picture, for example).
profile)
the following basic flaws:
• Increasing need for co-appointment ("greatest" coordination issue)
• The need to promote co-appointment tools very fast.
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what step in the rational decision-making process involves assessing what worked and did not work about the process and solution
The step in the rational decision-making process which involves assessing what worked and did not work about the process and solution is defining the problem.
What is rational decision-making process?Rational decision can be described as the opposite of intuitive decision making.
It can be described as the strict procedure utilizing objective knowledge and logic and this also involves identifying the problem to solve, it hence The step in the rational decision-making process which involves assessing what worked and did not work about the process and solution is defining the problem.
In conclusion, Decision making serves as the process that involves consideration of choices through the identification of a decision.
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Answer:
the last step
Explanation:
Productivity can be improved by:
Answer:
increasing the output for the same number of inputs
Explanation:
Which of the following methods can be used to track goal progress? Check all that apply
Setting proximal and distal goals
Maintaining slack resources
Using options-based planning
Providing performance feedback
The method that can be used to track goal progress is D. Providing performance feedback.
Feedback performance is what?A performance assessment, also known as a performance review, performance evaluation, development dialogue, or employee appraisal, is a routine and periodic process for recording and assessing an employee's performance on the job.
Performance feedback is the information an employee receives about the rater's assessment of their performance as well as the manner in which the information is conveyed.
Therefore, the method that can be used to track goal progress is Providing performance feedback.
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COMPLETE ANSWER
THE ANSWER TO THE QUESTION IS I'M GOING TO VOTE BRAINLIEST
YOU NEED TO PROVE YOUR ANSWER
Direction: Read each statement carefully. Write True in the blank if the statement is right and False if it is wrong and prove it.
1. Internal Forces refers to set of elements which affects organization's or firm's behavior.
2. External Forces is unpredictable and uncontrollable.
3. Poor corporate image is a strength of the firm.
4. Money is the lifeblood of every business.
5. Customers are the king of the market.
6. Demographic aspects are the characteristics of the people in which the organization can be found.
7. Macro and micro environment are types of internal environment.
8. Technological includes the use of robots and online commerce.
9. Improper plans and policies help the firm to accomplish its objectives.
10. Socio-cultural are the characteristics of the population of a certain place. 8
The given statement 1,2,3,6,7 and 9 are false statement and 4,5,8 and 10 are true statement.
What is called an organization?An organization is consists group of people who work together, like an association, a charity, a union, or a corporation.
1. Internal Forces refers to set of elements which affects organization's or firm's behavior. It is false statement because today's organizational behavior is influenced by a complicated mix of major influences. People, Structure, Technology, and Environment are the four categories of important factors. People, structure, and technology interact, and these factors are impacted by the environment.
2. External Forces is unpredictable and uncontrollable. It is false statement because it is possible to predict economic trends using forecasted data.
3. Poor corporate image is a strength of the firm. It is false because when the corporate image is weak or poor, it affects the customers perception of not just the company but it's products as well. Hence, deflecting demand for their goods an services.
4. Money is the lifeblood of every business. It is True statement
5. Customers are the king of the market. It is true statement.
6. Demographic aspects are the characteristics of the people in which the organization can be found. It is false statement because demography is the scientific survey of populations, particularly human populations. Demographic analysis may be used to entire societies or groupings based on factors such as education, nationality, religion, and ethnicity.
7. Macro and micro environment are types of internal environment. it is false because Macro relates to external while micro relates to internal.
8. Technological includes the use of robots and online commerce, it is true.
9. Improper plans and policies help the firm to accomplish its objectives it is false because a bad plan cannot possibly lead to a good plan. Hence, improper plans and policies can not help the firm to accomplish its objectives.
10. Socio-cultural are the characteristics of the population of a certain place. It is the true statement.
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Choose one current event. Describe the event and discuss the economic implications of this event. What economic effects might this have at the individual and societal levels?
An example of an event which can show its economic implication is North Korea Nuclear testing.
North Korea conducted its first nuclear test in 2006 and has since amassed an arsenal of nuclear weapons and missiles capable of delivering warheads to the US mainland. Seoul and Washington officials have warned that Pyongyang may soon resume nuclear tests for the first time since the United Nations Security Council imposed economic sanctions on the regime in response to its weapons development in 2017. They have already conducted 31 missile tests in 2022 alone and are getting ready to conduct a nuclear test. North Korea has ratcheted up tensions in recent months by conducting additional weapons tests, including one of a long-range missile earlier this year. The regime has repeatedly rejected the Biden administration's offer to meet for nuclear talks "anywhere, anytime."
The formal economy is still centrally planned and badly managed. Business activity in the country is also hampered by a lack of infrastructure, a scarcity of energy and raw materials, lingering foreign debt, and ideological isolation. Informal and government-approved private markets and service industries have provided a growing field of activity for many North Koreans, particularly women, that is somewhat free of government control. Local officials have had some leeway in managing special economic zones and conducting small-scale experiments with market-oriented economic policies.
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