Answer:
The correct answer is B
Explanation:
In this case, the borrower applied for the VA guarantee for the first time mortgage which amounts to $50,000 but the property that is appraised worth only $46,000. It is $4,000 short ($50,000 - $46,000).
In order to buy the property, the VA should allow the borrower to make up or come up with the difference in the cash that is $4,000. And this will allow or help the borrower in buying the property.
You deposit $10,000 in a bank and plan to keep it there for five years. The bank pays 8% annual interest compounded annually. Calculate the future value at the end of five years.
Answer:
$14,693.28
Explanation:
Data provided in the question:
Amount deposited in the bank = $10,000
Time for which it is kept, n = 5 years
Annual interest rate = 8% compounded annually = 0.08
Now,
The Future value using the formula for compounding is given as:
Future value = Amount deposited × ( 1 + rate )ⁿ
or
Future value = $10,000 × ( 1 + 0.08 )⁵
or
Future value = $10,000 × 1.4693280768
or
Future value = $14,693.28
At a local university, students talk about being able to retake an exam three times as a way of showing how committed the school is to helping them learn.
Answer:
Is part of the local university culture which shows people's expectation.
Explanation:
These are cultural implications on the decision of giving three chances to retake exams. Cultural implications are much more prominent in the UK where companies have to respect the cultural values of people. If we study about UK constitution we will find that it is not in the written format. When the CEO of Sony (USA) was appointed who was from Japan their was a warm welcome in his office. But after a month there was a strike witnessed because the CEO used to make decisions with an attitude which was a culture in Japan but was unacceptable in USA.
During the final stage of developing and implementing a company strategy, what factors often cause the company to adjust its objectives or mission statement?
Answer:
- technology forces in strategic management
-change in executive management
-competition from other businesses
-transformation in organizational structure.
Explanation:
-company can Change strategy due to availability or lack of adequate technological capabilities.
- reshuffling board of directors can lead to change in objectives due to change of views by director.
-anticipated competition from target market can facilitate review of objective in other to induce competitive advantage.
- additional structural transformation such as mergers and expansion to some other market can necessitate adjustment of objective to realign the mission of organization.
__________ gives subordinates influence in the decision being made; ___________ gives subordinates the ability and authority to make the decision themselve
Answer:
Involvement gives subordinates influence in the decision being made; Empowerment gives subordinates the ability and authority to make the decision themselves.
Explanation:
For any organization, it is recommended to involve the employees in the decision making process. Involvement creates in employees a sense of belongingness which helps them contribute efficiently towards attainment of organizational goals.
Empowerment refers to delegating the authority to subordinates to act on their own without the need for the decision to pass through various levels of management hierarchy, which saves the loss of time.
Both involvement and empowerment lead to an efficient discharge of duties by the employees.
Upward influence allows subordinates to impact decision-making at higher levels in an organization, while empowerment grants them the discretion and authority to make decisions on their own.
Upward influence gives subordinates influence in the decision being made; empowerment gives subordinates the ability and authority to make the decision themselves. Upward influence entails the capability to impact decisions and actions at higher levels in the organization, like influencing a boss or higher authorities by aligning with the goals of the firm or forming alliances. This can be particularly necessary as organizations grow in complexity and no single person can make all decisions quickly enough. Through fostering good relationships with their superiors, subordinates can utilize rationality, assertiveness, and reciprocal exchange to gain positive outcomes, such as promotions and raises, thereby gaining more power within the organization.
Empowerment, on the other hand, is when management removes barriers that impede individuals, allowing employees to have discretion, autonomy, and greater control over their work. It involves providing the conditions and the climate within the organization where employees feel they can take initiative and have meaningful input. It can even lead to situations where employees decide what tasks to perform and how, managing themselves effectively.
A six-month, 180-day CD offers an annualized interest rate of 1.10% and requires a minimum deposit of $25,000. What is the amount of interest that will be earned on this investment?
Answer:
$135.63
Explanation:
Data provided in the question:
Time = 180 days
Time in years = 180 ÷ 365 = 0.4932 years
Amount deposited = $25,000
Annual Interest rate = 1.10% = 0.011
Now,
Interest = Amount deposited × Rate × Time
or
Interest = $25,000 × 0.011 × 0.4932
or
Interest = $135.63
Hence,
The amount of interest earned is $135.63
The lakeshore hotel's guest-days of occupancy and custodial supplies expense over the last seven months were: month guest-day of occupancy custodial supplies expense march 4,000 $ 7,500 april 6,500 $ 8,250 may 8,000 $ 10,500 june 10,500 $ 12,000 july 12,000 $ 13,500 august 9,000 $ 10,750 september 7,500 $ 9,750 guest-days is a measure of the overall activity at the hotel. for example, a guest who stays at the hotel for three days is counted as three guest-days.
The custodial supplies expenses of the Lakeshore Hotel seem to increase as the guest-days of occupancy rise, implying a direct correlation between the two.
Explanation:The subject of the student's question is the relationship between the Lakeshore Hotel's guest-days of occupancy and its custodial supplies expense. If we examine the data for the seven-month period, we can see a trendwhere the custodial supplies expense increases as the guest-days of occupancy goes up. For example, in March, when there were 4,000 guest-days, the custodial supplies expense was $7,500. In July, when there were 12,000 guest-days, the expense increased to $13,500. This suggests that as more guests stay at the hotel, consuming more resources, it costs more for the hotel to maintain its level of cleanliness and service. Therefore, the custodial supplies expenses seem to correlate with the hotel's guest-days of occupancy.
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The cyclical surplus is $450 billion, potential output is $10 trillion and tax rate is 15 percent. With this information, we can infer that the actual output of this economy is:________.
Answer:
$13 trillion.
Explanation:
The actual output of economy can be calculated using the following mentioned formula:
Cyclical deficit=tax rate in question(potential output - actual output)
-$450 billion=0.15($10 trillion-actual output)
-$450 billion=$1.5 trillion-0.15*actual output
0.15*actual output=$1.5 trillion+$450 billion
0.15*actual output=$1.95 trillion
Actual output=$13 trillion.
Leticia is twentyminustwo years old and she has all of her savings in a Certificate of Deposit (CD) at the bank that currently pays an annual 1.5 percent yield. The account is protected by the FDIC so it is virtually risk free. She hopes to use her savings for a down payment on a new house in ten years. Inflation in house prices in her area has averaged 4 percent per year. What financial principle does she need to pay better attention to?
Answer:
There is direct relationship between risk and return, and there is time value of money.
Explanation:
Leticia must understand that there is direct relationship between risk and return. The higher the risk of an investment portfolio, the higher the return.
The rate of inflation in house property market price is quite higher than return receivable on her investment in CD.
In order to perfectly hedge against inflation in property price, there is a need for Leticia to invest now in a portfolio that is capable of given her at least 4% return on investment .
(Consider This) In 1975, McDonald's introduced its Egg McMuffin breakfast sandwich, which remains popular and profitable today. This longevity illustrates the idea of________________.
Answer:
consumer sovereignty
Explanation:
The most important element of any business is its customers. The wishes and wants of customers can alter the goods and services produced by the brands. In 1975 McDonald's introduced their breakfast meal according to the demand of the customers the action of McDonald is known as consumer sovereignty. Brands which care about consumer sovereignty are usually successful in long-run.
The part of the money supply produced by the private banking system is called by the government or central bank is called?
Open Market Operation is the system in which the Central Bank supply money to the private banks.
Explanation:
The Reserve bank buy as well as sale the government securities so that it can control money supply. By selling and buying securities in a free market the amount of money is either expanded or contracted.
During inflation the price of the product rises , at that time the Reserve Bank purchase the securities so that money is not spend but in the other hand during deflation there is fall in the price as a result the Reserve Bank sale the securities so that purchase can be done.
Lyndon, a citizen of Maryland, obtains a federal license to operate a commercial fishing boat in a certain area off the Maryland coast. The Maryland state legislature enacts a law that bans all commercial fishing in that area. The state law most likely violates:_______.a) no provision in the U.S. Constitution.b) the commerce clause.c) the due process clause.d) the supremacy clause
Answer:
d) the supremacy clause
Explanation:
Lyndon a man from Maryland, receives a federal license to perform a commercial fishing boat in a particular region off the Maryland shore. Maryland's state legislature passes a law that bans all commercial fishing in that region. The state law most likely breaks the supremacy clause. In the supremacy clause, it authenticates that the federal laws made will be agreeable to it. Also, the agreements should be made under its authorization
Which of the following transactions would be recorded if using the accrual basis of accounting but not if using the cash basis of accounting?
a. Borrowing moneyb. Paying off loansc. Purchasing inventory on accountd. Collecting customer payments
Answer:
c. Purchasing inventory on account
Explanation:
Purchase of inventory on account is not to be recorded when cash basis of accounting is recorded...where as it is recorded when accrual basis of accounting is used.
The owner of ProPhone has charted the company's marginal revenue and marginal cost for its latest line of smartphones, the Blazer. Use the chart to calculate the company's profit. If ProPhone sells four phones, the company will.
Answer:
make some profit
Explanation:
if ProPhone sells 4 blazer phones, its marginal revenue = $120, while its marginal cost = $50
That means that the company is making some profit.
total revenue = $600their total costs = $340net profit = $260In order for the company to maximize its profits, their marginal revenue = marginal cost.
An economic force given relatively free rein by society to work through the market is: a. a political force. b. a price mechanism. c. a social force. d. a market force.
Answer:
The correct answer is option d.
Explanation:
A market force refers to the invisible forces in the economy which help in determining equilibrium in the market through the free movement of demand and supply.
It determines the equilibrium price, quantity, wages, salaries, etc. in a free market. It works best with no or low government intervention.
Adam Smith, in his book, wealth of nations, referred market forces as 'the invisible hand'.
Green technologies such as smart grid electricity services, online energy management, and consumer-generated energy are __________ forces that would be identified through an environmental scan.Question options:1. social2. competitive3. regulatory4. technological5. economic
Answer:
4. technological
Explanation:
Technological forces are such forces which influence the technological developments on consumers, businesses, and society in general. Technological forces can improve better communication and management information systems. Therefore, when we scan the environment, we can find online energy management and consumer-generated energy. Therefore, D is the correct answer.
When a T-shirt manufacturer states, "We sell it only in black because that way we can buy plenty of black fabric and run our plant efficiently," its statement reflects the views that were popular in which era of the evolution of marketing?a. production-oriented.b. sales-oriented.c. market-oriented.d. value-based marketing.e. economics-oriented.
Answer:
a. production-oriented.
Explanation:
The only consideration of the firm when deciding what to produce is how the plant can run efficiently. They don't consider cost or value of the good to consumers.
Thus, the firm is production-oriented.
I hope my answer helps you
Which TWO of the following statements are TRUE when a broker-dealer executes a principal transaction?
Act as a broker
Act as a dealer
Charge a mark-up or a mark-down
Charge a commission
[A] I and III
[B] I and IV
[*C] II and III
[D] II and IV
Answer:
C) II and III
Act as a dealerCharge a mark-up or a mark-downExplanation:
Dealers can purchase and sell securities on their own accounts, this is called position trading. When they carry on this type of transactions, they charge markups instead of commissions.
Brokers act like agents, and they can only arrange a transaction between clients and they charge a commission for their work.
the headline of a news story is the most important part because it
A) always involves conflict
B) needs to grab the audience
C) will attract advertisers
D) must use precise grammar
Answer:
B.needs to grab the audience
Which common saying best captures the concept of incentives (specifically, positive and negative incentives), which is one of the foundations of economics?
Answer:
If the carrot doesn't work, try the stick.
Explanation:
This phrase clearly describes how advertising and promotions work:
If the carrot doesn't work: the tempting carrot refers to advertisement, and the doesn't work part refers to advertisement that is not able to change consumer habits and increase sales.
Try the stick refers to offering promotions or positive incentives like discounts or larger packs.
Another example would be the penalty imposed on individuals that refused to purchase health care insurance (eliminated in 2018). The carrot were the benefits obtained by having health insurance and the stick was the negative incentive (or penalty) imposed as a fine for those who didn't purchase health insurance.
When Jamie's business was doing well he attributed the success to his leadership skills, creativity, and dedication. When the business started experiencing a fall in revenue, he blamed it on the declining economy and political instability. In this scenario, Jamie's behavior best illustrates:
a. stereotyping tendency.
b. fundamental attribution error.
c. self-serving bias.
d. primacy error.
Answer:
The correct answer is C
Explanation:
Self serving bias is the term which is described as the tendency of the people in order to attribute the positive events to their own character but also attribute the negative events to the external factors.
Therefore, the business of the Jamie was doing well, he attributed the success to his creativity, dedication and leadership skills but when the business experience the fall in the revenue then he blamed the economy, this behavior is illustrates with the self serving bias.
The correct option is c. self-serving bias.
Self-serving bias is a cognitive bias that causes people to attribute their successes to internal factors such as their own skills, dedication, and effort, while attributing their failures to external factors such as the economy or political instability. This bias is evident in Jamie's behavior as he takes personal credit for the success of his business during good times but blames external factors when facing setbacks.
Let's examine the other options to understand why they are not the correct choices:
a. Stereotyping tendency: This is the act of making generalizations about a group of people without considering individual differences. Jamie's behavior does not reflect stereotyping as he is not making judgments about a group of people but rather attributing causes to his business's performance.
b. Fundamental attribution error: This error occurs when individuals overemphasize personal characteristics and ignore situational factors when judging others' behavior. In Jamie's case, he is judging his own behavior, not others', so this error does not apply.
d. Primacy error: This error involves giving undue importance to the first piece of information encountered. It is not related to attributing success or failure, but rather to the order in which information is received. Jamie's behavior does not demonstrate a focus on initial information but rather a pattern of attribution for success and failure.
Therefore, the self-serving bias is the most accurate description of Jamie's behavior in this scenario.
"________ products are less frequently purchased consumer products and services that customers compare carefully on suitability, quality, price, and style."
Answer: The correct answer is Shopping Products
Explanation: Shopping products are products that are not frequently requested and purchased. In purchasing these products, a consumer consciously weighs his options by comparing the suitability of the goods in meeting his needs.
The price and quality of the products are also determining factors for shopping products.
A local computer manufacturer hires an additional worker and pays $10.00 per hour for an 8-hour day. The worker is capable of assembling 3 computers an hour. The firm sells each computer for $1,500. What is the marginal physical product of this worker?
Answer: 3 computers per hour
Explanation: Marginal physical product is the extra output produced by increasing a unit of the variable input keeping other factors constant.
It could simply be explained as the contribution of the additional variable factor to the total production.
Here, hiring an additional worker who his capable of assembling 3 computers per hour means a plus 3 increase in total production per hour.
A client with atrial fibrillation is receiving a continuous heparin infusion at 1000 units/hour. The nurse determines that the client is receiving the therapeutic effect based on which results?a) Prothrombin time of 12.5 secondsb) Activated partial thromboplastin time of 60 secondsc) Activated partial thromboplastin time of 28 secondsd) Activated partial thromboplastin time longer than 120 secondsb) Activated partial thromboplastin time of 60 seconds
Answer:
Option B is correct
Explanation:
This is when an activator is added to speed up clotting time resulting in narrow reference range and is considered to be more sensitive to partial throboplastine time which is used to measure and monitor patients response to heparin therapy.
When marginal cost is greater than average cost, an increase in output up arrow average cost. When marginal cost is less than average cost, an increase in output ▼ up arrow down arrow average cost.
Answer:
MC > AC : AC rise ; MC < AC : AC fall ; MC = AC : AC minimum .
Explanation:
Marginal Cost MC is addition to total cost with an additional production.
∆C/∆Q
Average Cost AC is average cost per unit of production output. C / Q
Relationship between AC & TC : Average move in direction of Marginal .
MC > AC : AC rises
MC < AC : AC falls
MC = AC : AC is minimum
If Southwest Development Company is a sole proprietorship owned by Ms. Harper,: (Select the best answer below.) A. Ms. Harper has limited liability, which guarantees that she cannot lose more than the $25,000 she invested. B. Ms. Harper has limited liability, which is the amount of $60,000 in unpaid debts. C. Ms. Harper has unlimited liability, which means creditors can claim against her personal assets. D. Ms. Harper has unlimited liability, which means creditors can only claim against the $25,000 she invested.
Answer:
Ms. Harper has unlimited liability, which means creditors can claim against her personal assets
Explanation:
A sole proprietorship is owned and managed by one person. The owner makes all the investment decisions, suffers all the losses, and enjoys the profits by themselves. Sole proprietorships are popular due to their ease of start-up and operations.
Legally, a sole proprietorship is not a separate entity from the owner. The assets and liabilities of the business are deemed to belong to the business owner. A sole proprietor has unlimited liability to the obligations of the business. In other words, the law does distinguish between business assets and liabilities and the owner's personal proprieties. Should Mrs. Harper's business fail to pay its obligations, creditors can lay a claim on her assets to recover their money.
If a perfectly competitive firm can sell a bushel of soybeans for $25 and it has an average variable cost of $26 per bushel and the marginal cost is $26 per bushel, the firm should:
Answer:
Explanation:
The firm Should decrease the output.
Because as we see selling price P is LESS than Marginal Cost (MC) and in perfect competition P=MC for efficient allocation . So By decreasing output firm can decrease MC ⇒ which leads to output where P=MC.
Which of the following would NOT be an operations function in a commercial bank? Group of answer choices
1. teller scheduling
2. check clearing collection
3. auditing
4. maintenance
Among the following, maintenance is not an operations function in a commercial bank. Thus, option '4' is the correct option,
What are the operations function in a commercial bank?The general public, including both private citizens and small to medium-sized enterprises, is served by commercial banks' fundamental banking services and products. Checking and savings accounts, loans and mortgages, fundamental investment options like CDs, as well as additional services like safe deposit boxes, are among the services offered.
Fees and service charges are how banks are paid. These costs range from account fees (monthly maintenance fees, minimum balance fees, overdraft fees, non-sufficient funds (NSF) penalties), safe deposit box fees, and late fees, depending on the goods. In addition to interest costs, many loan packages also include other expenses. They use consumer deposits as collateral for loans. However, the interest rate that the bank pays on the money that they borrow is lower than the interest rate that is charged.
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Which of the following should an organization do to achieve the human resource management goal of facilitating organizational competitiveness?
A. Organizations should match employee contributions to local charities.B. Incentive and reward systems should be structured in such a way that they help maintain employee motivation.C. Organizational objectives should be formulated in a way that they deal with revenue growth and profitability.
D. Human resource practices should focus on promoting ethnocentrism in the work place.
Answer:
The correct answer is (C)
Explanation:
Organisational competitiveness can only be achieved by implementing policies which help to achieve revenue and profitability. Growth and profitability are important to achieve human resource management goal of facilitating competitiveness. The central objective of every firm and organisation is to grow and increase revenue, and that goal is achieved by gaining organisation competitiveness.
The strategies that an organization can adapt to facilitate competitiveness include structuring incentive and reward systems to maintain employee motivation and formulating organizational objectives that focus on revenue growth and profitability.
Explanation:To achieve the human resource management goal of facilitating organizational competitiveness, an organization could implement any of the following strategies, however, the most effective would be option B and C. In particular, incentive and reward systems should be structured in such a way that they maintain employee motivation (option B). This strategy motivates employees to work effectively and efficiently, which can enhance the organization's competitiveness.
In addition, organizational objectives should be formulated in a way that they deal with revenue growth and profitability (option C). A focus on financial performance can also increase competitiveness, as financial stability often leads to increased investment in technologies and innovative practices, which can give an organization a competitive edge. Option A and D are less directly related to enhancing competitiveness.
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MCMC just paid a dividend of $4.10 and is expected to increase the future dividends at a rate of 4% per year indefinitely. If the current share price is $40, what is the return required by shareholders?
a.) 12.65%
b.) 13.52%
c.) 13.99%
d.) 14.66%
e.) None of the above
Answer:
d.) 14.66%
Explanation:
The computation of the return required by shareholders is shown below:
Current share price = Next year dividend ÷ (Required rate of return - growth rate)
where,
Next year dividend would be
= $4.10 + $4.10 × 0.04
= $4.10 + 0.164
= $4.264
So, the return required by shareholders
$40 = $4.264 ÷ (Required rate of return - 4%)
After solving this equation,
The required rate of return is 14.66%
Assume that an industry that began as a perfectly competitive industry becomes a monopoly. Compared to when the industry was perfectly competitive, the monopolist will:______.
Answer:
Charge a higher price and produce less output
Explanation:
A monopolistic markets imeans that there is the absence of other suppliers of the same product or service, making them the sole market of the product or service. This can make them charge a premium to their customers. Consumers have no alternatives of options and are forced to pay the price for the goods dictated by the monopolist. ITherd is a tendency for the monopolist to make prices high high prices, it may not necessarily be a monopolistic behavior.
A monopolistic market can restricts output to raise the price leading to less production, which reduces total real social income.