-According to the law of demand, when all other factors are held constant, the higher the price, the greater the quantity supplied. false
The law of demand states that, all other factors being equal, as the price of a good or service increases, the quantity demanded of that good or service will decrease, and vice versa. In other words, there is an inverse relationship between price and quantity demanded.
This means that if the price of a good or service increases, people will demand less of it, assuming all other factors remain constant. The law of supply, on the other hand, states that as the price of a good or service increases, the quantity supplied of that good or service will also increase.
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false -According to the demand, when all other factors are held constant, the higher the price, the greater the quantity supplied. The law of demand states that,
all other factors being equal, as the price of a good or service increases, the quantity demanded of that good or service will decrease, and vice versa. In other words, there is an inverse relationship between price and quantity demanded. This means that if the price of a good or service increases, people will demand less of it, assuming all other factors remain constant. The law of supply, on the other hand, states that as the price of a good or service increases, the quantity supplied of that good or service will also increase.
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What other factors need to be considered in making this
decision? RELATED Burger king dollar double chessburger
casestudy
In making the decision regarding the Burger King dollar double cheeseburger, other factors to be considered are the target audience, pricing strategy, and the potential impact on sales.
Burger King was facing the decision of whether to maintain its Dollar Double Cheeseburger or to remove it from the menu. The burger was popular among customers, but it was also costly for Burger King to produce and sell at such a low price. Target Audience: Burger King would have to consider who the Dollar Double Cheeseburger was most appealing to. They would need to identify the specific demographic that was drawn to the burger and whether or not the dollar double cheeseburger was a viable option for that audience.Pricing Strategy: Burger King would also need to consider the company's pricing strategy. They would need to examine how the dollar double cheeseburger fits into their overall pricing plan and whether or not it would be better to charge more for the burger or to remove it from the menu.Potential Impact on Sales: Burger King would have to determine the potential impact of removing the dollar double cheeseburger from the menu on its overall sales. The company would need to evaluate how this decision would affect the sales of other menu items and how it would impact the profitability of the business as a whole.
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Question 8: TRUE or FALSE (i) In the Roy model, positive selection will be reversed to negative selec- tion with a decrease in U.S. overall income. (ii) Replacement ratio is usually high for low-wage workers and low for high-wage workers. (iii) Short-run Phillips curve represents a trade-off between rate of inflation and unemployment rate. (iv) Unemployment rate is 0 if there is a perfect balance between demand and supply of labor, i.e., no structural unemployment. (v) Strongly efficient contract is an agreement between firms and unions that sets employment to its market-clearing level. (vi) The union wage gap can overestimate union wage gain due to threat effect. (vii) Both employer and employee discrimination create a segregated work force for employers, if black workers and white workers are perfect sub- stitutes. (viii) A tied mover is a worker who moves with the partner even though his or her employment outlook is better in the current location. (ix) There is no regression towards the mean if the intergenerational link is less than 1. (x) In international trade, exporting benefits low-skill workers while im- porting harms high-skill workers in the U.S.
(i)TRUE In the Roy model, positive selection will be reversed to negative selection with a decrease in U.S. overall income. The Roy model talks about positive and negative selection, which are based on education and experience, i.e., positive selection is the tendency of people with more education and experience to work in high-paying jobs and negative selection is the tendency of people with less education and experience to work in low-paying jobs. As the overall income in the US decreases, the positive selection reverses to negative selection.
(ii) TRUE .Replacement ratio is usually high for low-wage workers and low for high-wage workers. The replacement rate is the ratio of unemployment benefits to the pre-unemployment wage. It measures the extent to which unemployment benefits provide a replacement for lost earnings. The replacement ratio is usually high for low-wage workers because they earn less, and hence their benefits are higher relative to their pre-unemployment earnings. The replacement ratio is usually low for high-wage workers because they earn more, and hence their benefits are lower relative to their pre-unemployment earnings.
(iii) TRUE .Short-run Phillips curve represents a trade-off between the rate of inflation and unemployment rate .The Phillips curve is a graphical representation of the inverse relationship between the rate of inflation and the unemployment rate. The short-run Phillips curve represents a trade-off between the rate of inflation and the unemployment rate in the short run.
(iv)FALSE. Unemployment rate is 0 if there is a perfect balance between demand and supply of labor, i.e., no structural unemployment. Even with a perfect balance between demand and supply of labor, there can still be frictional and seasonal unemployment.
(v) TRUE .Strongly efficient contract is an agreement between firms and unions that set employment to its market-clearing level . A strongly efficient contract is an agreement between firms and unions that set employment to its market-clearing level. It ensures that all vacancies are filled and that all workers who are willing to work at the prevailing wage rate are employed.
(vi) TRUE .The union wage gap can overestimate union wage gain due to the threat effect. The union wage gap is the difference between the wages of unionized and non-unionized workers. It can overestimate union wage gain due to the threat effect, which is the effect of the union threat to strike, which can lead to higher wages even for non-unionized workers.
(vii) FALSE. Both employer and employee discrimination create a segregated workforce for employers, if black workers and white workers are perfect substitutes . If black workers and white workers are perfect substitutes, then employer discrimination will not create a segregated workforce as employers will hire the most productive workers, regardless of their race. However, employee discrimination can create a segregated workforce.
(viii)TRUE . A tied mover is a worker who moves with the partner even though his or her employment outlook is better in the current location. A tied mover is a worker who moves with the partner, even though his or her employment outlook is better in the current location.
(ix) FALSE.There is no regression towards the mean if the intergenerational link is less than 1 . There is regression towards the mean even if the intergenerational link is less than 1.
(x)FALSE. In international trade, exporting benefits low-skill workers while importing harms high-skill workers in the U.S . In international trade, exporting benefits high-skill workers because they are involved in producing goods for exports, and importing benefits low-skill workers because they have access to cheaper imports.
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What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUquick will give brainliest Bank A has a liquidity ratio close to 30 percent. This ratio will most likely _____.
not affect the bank’s run-off rate
cause a higher than acceptable run-off rate
cause a lower than acceptable run-off rate
Quick will provide the smartest The liquidity ratio for Bank A is almost 30%. The bank's run-off will probably not be impacted by this ratio.
Quick ratio is a ratio of liquidity?In order to determine a company's ability to meet its immediate financial obligations, analysts and investors use liquidity data called the quick and current ratios.The current ratio is calculated by dividing current liabilities by current assets.The quick ratio only considers highly liquid assets or cash equivalents as current assets.
What is a decent quick ratio?If the company's assets can be turned into cash extremely fast, a ratio of less than 1.5 is less problematic. Although a current ratio of three or four may indicate financial health, it also raises questions about whether a corporation is ineffective at investing the money it does have.
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difference between micro and macro econ
Answer:
The difference is size
Explanation:
"Macroeconomics (from the Greek prefix makro- meaning "large" + economics) is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole".
"Micro- (Greek letter μ or legacy micro symbol µ is a unit prefix in the metric system denoting a factor of 10 −6 (one millionth)".
Hope this helped you!
In a limited partnership, the limited partner has the legal authority to make decisions that affect the company without
having to consult the general partner.
True
False
Common traits that you admire that could help you determine your core values could come from your:
SELECT ALL THAT APPLY
teachers
bosses
parents
friends
Teachers, parents, and friends are all potential sources of common traits that you admire and that could help you determine your core values. Admiring the traits of others can help you identify the values that are important to you and guide your decision-making in life.
Teachers may model qualities such as integrity, hard work, and a love of learning, which can shape your own values. Bosses may demonstrate leadership skills, commitment to excellence, and a strong work ethic. Parents may exhibit traits such as compassion, honesty, and perseverance. Friends may demonstrate loyalty, empathy, and a positive attitude. By reflecting on the admirable traits of those around you, you can gain a better understanding of your own core values and use them as a guide for your own behaviour and decisions.
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Zero Motorcycles has its engine assembly plant in California and its motorcycle assembly plant in South Carolina. Engines are transported between the two plants using trucks, with each trip costing $2,200. The motorcycle plant assembles and sells 250 motorcycles each day. Each engine costs $775, and Zero incurs a holding cost of 15 percent per year.
What is the Annual Demand (D)?
What is the Cost per Unit (C)?
What is the Fixed Cost Incurred per Order (S)
What is the Ordering Cost?
What is the Annual Holding Cost (hC)?
What is the Total Inventory Cost?
What is the Cycle Inventory of engines at Harley?
What is the Average Flow Time?
What is the Average Flow Time resulting from the Cycle Inventory?
To earn credit, you must show your work.
To answer the questions regarding Zero Motorcycles' operations, let's break down the information provided step by step:Annual Demand (D):
The annual demand refers to the total number of motorcycles sold in a year. In this case, the motorcycle plant assembles and sells 250 motorcycles each day. To calculate the annual demand, we need to multiply the daily production by the number of working days in a year. Assuming there are 365 working days in a year, the annual demand (D) would be:D = 250 motorcycles/day * 365 days/year
Cost per Unit (C):The cost per unit is the cost incurred by Zero Motorcycles for each motorcycle it produces. In this case, each motorcycle requires an engine, and the cost of an engine is given as $775. Therefore, the cost per unit (C) would be $775.The fixed cost incurred per order is the cost associated with placing an order for engines. Each trip to transport the engines between the two plants costs $2,200. Since this cost is incurred for each order, it can be considered as the fixed cost per order (S).
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Marilyn has a biweekly gross pay of $810 and claims 3 federal withholding allowances. Marilyn has all of the following deductions from her gross pay:
federal tax from the following table
A 9-column table with 7 rows is shown. Column 1 is labeled If the wages are at least with entries 720, 740, 760, 780, 800, 820, 840. Column 2 is labeled But less than with entries 740, 760, 780, 800, 820, 840, 860. Column 3 is labeled And the number of withholding allowances is 0, the amount of income tax withheld is, with entries 80, 83, 86, 89, 92, 95, 98. Column 4 is labeled And the number of withholding allowances is 1, the amount of income tax withheld is, with entries 62, 65, 68, 71, 74, 77, 80. Column 5 is labeled And the number of withholding allowances is 2, the amount of income tax withheld is, with entries 44, 47, 50, 53, 56, 59, 62. Column 6 is labeled And the number of withholding allowances is 3, the amount of income tax withheld is, with entries 26, 28, 31, 34, 37, 40, 43. Column 7 is labeled And the number of withholding allowances is 4, the amount of income tax withheld is, with entries 14, 16, 18, 20, 22, 24, 26. Column 8 is labeled And the number of withholding allowances is 5, the amount of income tax withheld is, with entries 1, 3, 5, 7, 9, 11, 13. Column 9 is labeled And the number of withholding allowances is 6, the amount of income tax withheld is, with entries 0, 0, 0, 0, 0, 0, 1.
Social Security tax that is 6.2% of her gross pay
Medicare tax that is 1.45% of her gross pay
state tax that is 21% of her federal tax
Determine how Marilyn’s net pay will be affected if she increases her federal withholding allowances from 3 to 4.
a.
Her net pay will increase by $15.00.
b.
Her net pay will decrease by $15.00.
c.
Her net pay will increase by $18.15.
d.
Her net pay will decrease by $18.15.
Answer:
c
Explanation:
Answer:
Her net pay will increase by $18.15
What time does bank of america post direct deposits?
8:00 p.m. ET for transfer during next or three business days. The recipient's bank will receive the funds either the following business day or in three business days.
For the same-business-day (wire) transfers, 5:00 p.m. ET. On the same business day, the recipient's bank will receive the funds. On payday, you'll typically have access to your direct deposit by 9 a.m., when business first opens. On payday morning, the direct payments frequently arrive in accounts even sooner, frequently between midnight and 6 a.m. At 12:00 a.m. on the payment date, funds are electronically transmitted and deposited into the recipient's account.
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In which of the following will equilibrium prices will spontaneously establish themselves, persisting until the forces of supply and demand change
The competitive market is the one wherein the equilibrium prices tend to spontaneously establish themselves, while also persisting until the forces of supply and demand are affected by the changes.
A competitive market can be easily interpreted as a type of market structure, which includes a number of buyers as well as sellers without many restrictions being imposed for their entry and exit from the market. Due to equal forces of demand and supply, there is usually an equilibrium in the market prices in such an economy where competition exists.
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Complete question
In which market structures will the equilibrium prices will spontaneously establish themselves, persisting until the forces of supply and demand change?
Which of the following is an example of an advertisement?
A.
A company newsletter
B.
A billboard
C.
A press release
D.
A news article about the company
Answer: B
Explanation:
just did it
A Billboard is an example of an advertisement. Option (b) is the correct answer to the question.
What is an Advertisement?Advertising is a type of communication that is intended to encourage an audience to do something, usually in relation to a commercial offering, like a good or a service that is being sold.
A billboard is a sizable outdoor advertising structure that is generally seen in high-traffic places, such as beside busy roadways. In the UK and many other countries, it is also known as hoarding. Large advertisements are shown on billboards for cars and pedestrians to see. Normally, businesses utilize billboards to promote new items or to strengthen their existing brands.
The largest ordinary-sized billboards command high-density consumer exposure and are typically found on major highways, expressways, or main arterial. Due to their size and the fact that they enable creative "customization" through extensions and embellishments, these provide the most visibility.
Therefore, Option (b) is correct.
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i am making marketing plan for a company can anyone help me in making swot analysis
A SWOT analysis is to determine the strengths as well as the weaknesses, and threats associated with the company.
What is SWOT analysis?SWOT analysis is been carry out in an organizations to develop a full awareness in term of strength and weakness so as to be able to make business decision.
Steps that are required in SWOT analysis are:
Checking external environment.Carry out analysis on industry and competitionKnow the external opportunities and threats.Since the information is not complete, this is a guide on SWOT analysis
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a factor of production that can be used in any sector of an economy is a(an) group of answer choices specific factor. import-competing factor. variable factor. export-competing factor. mobile factor.
The factor of production that can be used in any sector of an economy is a "mobile factor."
A mobile factor refers to a factor of production that can easily move and be utilized in different sectors or industries within an economy. It is not specific to any particular sector and can be applied across various sectors based on the needs and demands of the economy.
Mobile factors can include resources such as labor, capital, and technology that can be employed in different industries or sectors to contribute to the production process.
The factor of production that is described as being applicable to any sector of an economy is referred to as a "mobile factor."
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Why must companies place an increased emphasis on the use of high-quality software in business systems, industrial process-control systems, and consumer products?
Software quality drives predictability. Do it once and do it right, and there will be less re-work, less variation in productivity and better performance overall. Products get delivered on time, and they get built more productively. Poor quality is much more difficult to manage.
At a bare minimum, software quality safeguards a software end-user from using inferior and substandard software, thereby boosting customer satisfaction. Software quality standards ensure that developers check a product to verify that it works according to its specifications
A quality management system (QMS) is a system that documents the policies, procedures, and controls necessary for an organization to create and deliver high-quality products or services to customers, and therefore increase customer satisfaction.
Product quality is important because it affects the success of the company and helps establish its reputation in customer markets. When companies can create high-quality products that continue to meet customer demands, it can lead to fewer production costs, higher investment returns and increases in revenue
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HELP
Question
Q. To properly manage your checking account you should do which of the following?
A.Update your transaction register regularly to include all checks, ATM withdrawals, and debit card purchases.
B.Balance your checkbook daily using the most current information about your account by phone, ATM, or online.
C.Promptly review your checking account statement every month.
D.All of the above
US farmers start cutting down their pecans groves to make more land available to plant more profitable crops would cause the supply of
pecans to what?
A. Increase right
B. Decrease left
C. Not change
Answer:
b
Explanation:
cuz
Answer:
I would say that it would decrease
Explanation:
In the cpi, goods and services are weighted according to.
Answer:
A consumer price index (CPI) is usually calculated as a weighted average of the price change of the goods and services covered by the index.
Explanation:
The weights are meant to reflect the relative importance of the goods and services measured by their shares in total consumption of household.
A journal with two amount columns in which all kinds of entries can be recorded.answer choicesA. general journalB. credit memorandumC. dividendsD. retained earnings
Option a: General journal is a journal with two amount columns in which all kinds of entries can be recorded.
This is the ledger of original entries from which all transactions are first recorded and then transferred to their respective ledger. Each reservation is recorded in a general journal with date, brief description, debit and credit accounts, and respective amounts.
The purpose of the general journal is to record all business transactions in chronological order. This record helps us maintain accurate financial records and provides a complete audit trail of all financial transactions.
A credit note, on the other hand, is a document used to notify a customer that a certain amount has been credited to their account, usually through a refund or credit adjustment. Not a diary.
Both dividends and retained earnings are financial terms that refer to a company's profit distribution. Dividends are the portion of profits paid out to shareholders and retained earnings are the portion of profits that the company keeps to reinvest in its business. These have nothing to do with his concept of a journal with two columns of amounts.
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________ is the process of dividing a market into distinct groups of buyers who have different needs, characteristics, or behavior.
Market segmentation is the process of dividing a market into distinct groups of buyers with distinct needs, characteristics, or behaviors that may necessitate separate products or marketing programs.
The Markets can be segmented in a variety of ways, including geographically, demographically, and behaviorally. By figuring out which items are most likely to take a piece of a target market and the most effective means to sell and deliver those products, market segmentation aids organizations in lowering risk.
With risk reduced and clarity about the marketing and delivery of a product increased, a company can then focus its resources on the most profitable efforts.
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When an investor purchases stock, he or she becomes a(n) __________ of the issuing company.
When an investor purchases stock, he or she becomes an owner of the issuing company.
What is a stock?A stock is a general term used to describe the ownership certificates of any company. A share, on the other hand, refers to the stock certificate of a particular company. Holding a particular company's share makes you a shareholder. Stocks are of two types—common and preferred.All publicly traded companies issue common stock. Some companies also issue preferred stock, which exposes you to somewhat less risk of losing money, but also provides less potential for total return.
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Post-Assessment
Question 2 of 5
Why is buying a car considered "bad debt"?
It decreases in value over time
It increases your net worth as it build equity
It gives you transportation to and from your job
It is worth more than any other investment
Submit
Continue
E
The reason why buying a car considered "bad debt"is that It decreases in value over time. option A
What is bad debt?The term bad debt can be described as the amount of money that a creditor must write off as a result of a default on the part of the debtor in a case whereby the creditor has a bad debt on the books, then things turn to uncollectible and is recorded as a charge-off.
It should be noted that a case can be regarded as bad debt because the value of the asset you receive from the loan depreciates quickly however in some cases interest charges increase how the amount that is been paid for the vehicle. and in thius case cost is higher compare to what it would be if you'd purchased the car outright with cash.
Hence, option A is correct.
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a customer owns 500 shares of xyz stock selling at $15 per share and $20,000 par value of state of alabama go bonds selling at 101. if both securities increased by 2 1/2 points, the dollar value of the increase is:
The dollar value of the increase is: $1,750 when the customer owns 500 shares of xyz at $15 per share and $20,000 par value of Alabama State bonds selling at 101.
Each share point is $1. Each point for bonds is $10.
A 2 1/2 point increase in the stock position is $1,250 ($2.50 x 500 shares). A 2 1/2 point increase in the bond position is $500 (20 bonds x $25).
$1,250 increase in stocks + $500 increase in bonds
= a total increase of $1,750.
A debt security similar to an IOU called a bond. Bonds are issued by borrowers to attract capital from investors who are ready to lend to them for a certain period of time.
When you buy a bond, you are making a loan to the issuer, which can be a company, government or municipality. In exchange, the issuer agrees to pay you a specific interest rate for the life of the bond and return the bond's principal when it "mature," or becomes due, after a predetermined period of time.
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The question was incomplete. Check below the full question.
A customer owns 500 shares of XYZ stock selling at $15 per share and $20,000 par value of State of Alabama GO bonds selling at 101. If both securities increased by 2 1/2 points, the dollar value of the increase is:
A. $1,200
B. $1,300
C. $1,750
D. $2,500
Major sources of foreign direct investment in terms of frequency and dollar amount are Group of answer choices fair trade programs. startup organizations. venture capitalists. transnational corporations. microfinance.
Venture capitalists are the main sources of foreign direct investment in terms of frequency and dollar amount.
What are Venture Capitalists?Corresponds to the purchase of businesses through shareholding, whose purpose is to increase the value of shares for subsequent exit.
Therefore, the venture capitalists provides an equity fund for companies with high growth potential, supporting their development with the aim of achieving substantial return on investment (ROI).
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A marketer is keeping track of the revenue generated by his campaign. He wants to
see a specified return-on-investment for his monthly ad spend.
Which type of automated bidding strategy will meet his needs?
An awareness-based bidding strategy
A conversion-focused bidding strategy
A revenue-focused bidding strategy
A consideration-focused bidding strategy
Answer:
C). A revenue-focused bidding strategy.
Explanation:
As per the details given in the question, 'a revenue-focused bidding strategy' will most likely assist the marketer in upkeeping his needs as his key focus is to discern a particular return on his investment that he made for the monthly ad spend made by him. This automated strategy of bidding will allow him to keep track of the revenue and escalate the return. Thus, option C is the correct answer.
Vertical analysis of balance sheet
Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follow:
Line Item Description Current Year Previous Year
Current assets $2,800,000 $1,840,000
Property, plant, and equipment 5,200,000 6,072,000
Intangible assets 2,000,000 1,288,000
Current liabilities 1,800,000 1,380,000
Long-term liabilities 3,600,000 3,680,000
Common stock 980,000 920,000
Retained earnings 3,620,000 3,220,000
Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders’ equity item as a percent of the total liabilities and stockholders’ equity. When required, round percentages to one decimal place.
The comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders’ equity item as a percent of the total liabilities and stockholders’ equity will be
Description Prior Year Current Year Prior Year (%) Current Year (%)
Cash 0.00% 0.00%
Investments 0.00% 0.00%
Inventories 0.00% 0.00%
Accounts receivable 0.00% 0.00%
Pre-paid expenses 0.00% 0.00%
TOTAL 1,840,000 2,500,000 20.00% 25.77%
Property 6,072,000 5,200,000 66.00% 53.61%
and equipment
Leasehold improvements 0.00% 0.00%
Equity and other investments 0.00% 0.00%
Less accumulated 0.00% 0.00%
depreciation (Negative Value)
Intangible Assets 1,288,000 2,000,000 14.00% 20.62%
Charity 0.00% 0.00%
total 9,200,000 9,700,000 100.00% 100.00%
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Why are GNP figures generally lower than the GDP figures in
South Africa?
Answer:
GDP stands for gross domestic product and includes the market value of all the finished and legal goods and services produced within a country during one year. While the GNP refers to gross national product and it measures the total market value of all the finished and legal goods produced by the citizens (including individuals and businesses) of a country.
Generally in developing countries, like South Africa, there are a lot of foreign multinational corporations that operate there. Their operations are included in the GDP, but since they are American, European or Asian multinational corporations, their operations are included in the GNP of their respective countries, not South African GNP.
explain the effect of climate change in the economy of nepal
Nepal suffers excessive monetary expenses because of modern weather variability and extremes: the envisioned direct cost of those influences is equal to 1.5–2% of modern GDP/year. This is excessive via way of means of global levels.
What is the climate of Nepal?The weather in Nepal varies from subtropical withinside the lowlands to chilly excessive-altitude weather withinside the mountains.
The country reports five unique seasons: summer, monsoon, autumn, iciness, and spring. During iciness, the Himalayas block the cold air, inflicting it to be pretty heat south of the Himalayas.
Therefore, Nepal suffers a huge economic loss due to the climatic conditions prevailing in the country.
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data science for business: what you need to know about data mining and data-analytic thinking 1st edition pdf
Data science is a rapidly growing field that is revolutionizing the way businesses make decisions. By applying data mining and data-analytic thinking to large datasets, businesses can gain insights that would be impossible to obtain through traditional methods.
How to explain the informationThe book Data Science for Business: What You Need to Know about Data Mining and Data-Analytic Thinking by Foster Provost and Tom Fawcett is a comprehensive introduction to the field of data science for business professionals.
The book covers the fundamentals of data mining, including data preparation, modeling, and evaluation. It also discusses the role of data science in business decision-making, and provides examples of how data science has been used to improve business performance.
One of the strengths of Data Science for Business is its focus on the practical application of data science.
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what is the impact of atm on banking sector?
Answer:
Explanation:
ATM s are of great use to the banks as the reduce the number of people storming the banks for withdrawal of money as well as deposit of money it reduces cost of operation and from customer point of view it is available easily near by hence travelling further distance to the bank is not required
ATMs are one of the most convenient services provided by the banks to customers. It is beneficial to banks as it is to its customers. It helps banks to save cost and time in withdrawing money and various other services which are now provided by ATM.
Automated teller machines, or ATMs as they are more commonly referred to, are a convenient way to conduct one-on-one transactions quickly and easily. One can do self-serviced transactions with these machines without a physical teller's aid or a trip to the bank branch. Cash withdrawals, cash deposits, and fund transfers are just a few of the many transactions possible with automated teller machines, or ATMs. Although the majority of customers only use ATMs to withdraw cash, these additional transactions make the service more effective.
With the advent of the ATM, users' financial lives became simpler because they could now perform simple transactions on their own with the aid of an ATM, which was much more practical than often visiting the bank. The ability for users to transact between banks is another significant advantage of an ATM. This means you can still use basic services like cash withdrawals from the ATM even if you don't have an account with the bank that runs the machine. Again, this saves you time and comes in handy in an emergency because you won't need to go to the ATM at your bank every time you need a quick infusion of cash. ATM helps banks operate more cheaply by lowering the number of human operations. The ATM provides service 24 hours a day which means customers can avail of money and other services at any time of the day.
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