the adjustment in exchange rate conversions that takes into account differences in the true cost of living across countries is known as purchasing power parity. a. true b. false
Answers
The adjustment in exchange rate conversions that takes into account differences in the true cost of living across countries is known as purchasing power parity" is true.
Purchasing power parity (PPP) is an economic theory that seeks to equalize the purchasing power of different currencies by considering the differences in the cost of living between countries. It suggests that exchange rates should reflect the prices of goods and services in different countries, rather than being solely based on market exchange rates.
Under PPP, the exchange rate between two currencies is adjusted based on the relative prices of a basket of goods in each country. This adjustment accounts for differences in the cost of living, such as the price of food, housing, and other essential items. By using PPP, economists can compare the standard of living and wealth of different countries more accurately, as it takes into account the true cost of living.
Purchasing power parity is an important concept in international economics and is used to measure the economic performance of countries, determine exchange rates, and analyze global economic trends. It helps provide a more accurate picture of the relative value of currencies and allows for more meaningful comparisons between countries.
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Related Questions
Some data processing controls relate to all computer processing activities (general controls) and some relate to specific tasks (application controls). General controls include:______
Answers
Answer:
Controls for documenting and approving programs and changes to programs.
Explanation:
General controls are the controls established in order to function the entire information systems. i.e. All the applications and programmes.
General controls usually cover all the areas of information system, as follows:
i) Control on the operation of the company in order to ensure the efficient and effective operational activities in the information system.
ii) All the procedures required to acquire, develop, test, document and finally approve the systems, and programmes and further any changes thereto.
iii) Controls over access of any equipment or any data, for ensuring security.
iv) All other remaining basic controls for affecting the computer operations as a whole.
If the consumer price index in 2007 is 25 times that of 1860, and a slave cost $2,000 in 1860, how much is that in terms of 2007 dollars?
Answers
The value of a slave that cost $2,000 in 1860 is equivalent to $50,000 in terms of 2007 dollars, taking into account the cpi ratio.
to calculate the value of $2,000 in terms of 2007 dollars, considering the consumer price index (cpi) ratio between 1860 and 2007, follow these steps:
1. determine the cpi ratio between 1860 and 2007:
cpi ratio = cpi in 2007 / cpi in 1860
since the cpi in 2007 is 25 times that of 1860, the cpi ratio is 25.
2. calculate the value in 2007 dollars:
value in 2007 dollars = value in 1860 dollars x cpi ratio
value in 2007 dollars = $2,000 x 25
value in 2007 dollars = $50,000
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the date on which a cash dividend becomes a legal obligation is the:_____
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The date on which a cash dividend becomes a legal obligation is the declaration date.
At the declaration date, the board of directors of the company decides to distribute a dividend, specifying the amount, record date, and payment date. The company declares a dividend when the board of directors decides that the company has enough profit to distribute to shareholders. The declaration of dividends includes information such as the total amount of the dividend, the payment date, and the record date.
It can be said that the declaration date is the day when a company announces that it will distribute a dividend. The board of directors makes this decision, determining the total amount of the dividend, payment date, and record date. This announcement confirms a legal obligation on the company to distribute dividends to its shareholders.
After the declaration date, the company is bound to pay the dividend to the shareholders who are on the record date. It is important to note that the declaration of dividends does not mean that the payment has been made; it only confirms that the company will pay dividends to shareholders in the future.
So, the declaration date is the date on which a cash dividend becomes a legal obligation.
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____ an business that is able to raise capital by selling shares on the stock market
Answers
Answer:
public limited company
Explanation:
shares of public limited companies can be freely brought and sold on the sock market .
Jose's Pizza Parlor, Inc., recently acquired controlling interest in Mariana's Pizza Parlor, Inc. This acquisition is called:
(A) Monopoly.
(B) Vertical merger.
(C) Conglomerate merger.
(D) Horizontal merger.
Answers
if a purely competitive increasing-cost industry is realizing economic profits, we can expect industry supply to
Answers
If a purely competitive increasing-cost industry is realizing economic profits, we can expect the industry supply to increase.
As economic profits are realized in the industry, new firms are incentivized to enter the market, which leads to an increase in the supply of the product. As supply increases, the equilibrium price of the product will begin to decrease, which will ultimately erode the economic profits being made by the firms in the industry.
The entry of new firms will continue until the economic profits in the industry have been driven down to zero. This process is known as the entry and exit mechanism in a competitive market.
In the long run, the supply curve will shift to the right, and the equilibrium price will adjust to the point where all firms in the industry are earning zero economic profits. This process ensures that the market is efficient, and resources are allocated to their most productive use.
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At the beginning of every shift, Cody records the amount of pizza sauce in inventory. At the end of every shift, he records the number of pizzas made and the amount of pizza sauce left in inventory. Why would he do this?A) So he can determine if employees are taking sauce home.B) So he can compare the quantity used with the budgeted amount.C) So he will know how much pizza sauce to order.D) So he will know how many customers visited his pizza parlor during his shift.
Answers
Answer:
B) So he can compare the quantity used with the budgeted amount
Explanation:
For a business to keep making profit it needs to ensure that the amount of materials it is using in its production process is within a defined limit. So it sets up a budget to guide the amount of raw materials to be used.
In this scenario Cody records the amount of pizza sauce in inventory. At the end of every shift, he records the number of pizzas made and the amount of pizza sauce left in inventory.
This is done to compare quantity of raw materials used to the given budget of the business.
This check will make sure that the business stays profitable.
Gross Domestic Product or GDP can be
a)Value of output of goods and services during one year
b) National Income
c)National Output
d)Aggregate Demand
e)All the stuff made by one country in one year
f)All of the above or any of the above
Answers
Answer:
f)All of the above or any of the above
Explanation:
GDP or gross domestic product is the aggregate of the values of goods and services produced within a country's boundaries. In calculating the value of GDP, economists consider the value of finished goods only.
GDP is calculated using the expenditure approach and the income approach. With the expenditure approach, GDP is the sum of all consumers, government, incomes, and net imports. The result is GDP and also the aggregate demand.
In the income approach, the GDP is the sum of all national incomes . In other words, GDP is equal to Sales Taxes plus Depreciation and Net Foreign Factor Income.
1 pts Your friend wants to make a bet with you, and he gives you two options. If you choose Option 1, you will have an 80 percent chance of winning $100, but a 20 percent chance of losing $100. If you choose Option 2, you are guaranteed to win $5. If you are like most people when it comes to making decisions, you would probably choose ________ because of ________. Group of answer choices Option 1; confirmation bias Option 2: anchoring Option 1; the availability heuristic Option 2: loss aversion
Answers
A person, similar to most other people, in the situation given above will choose confirmation bias because of the loss aversion.
What is confirmation bias?The general human tendency to decide or favor with a particular thing in such a way that there are no chances of losing, and it guarantees or confirms a benefit, is known as a confirmation bias.
Hence, options A-1; B-2 hold true regarding the confirmation bias in the given situation.
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In one year hospitals around the country ran out of 180 different drugs. The pharmaceutical
companies are ____ to hospitals.
(A) customers
(B) suppliers
(C) strategic partners
(D) competitors
(E) regulators
Answers
In 1 year hospitals around country ran out of 180 different drugs. The pharmaceutical companies are suppliers to hospitals , the correct option is (B) suppliers .
The Pharmaceutical companies are suppliers to hospitals because they supply the hospitals with the drugs that they need to treat their patients .
The relationship between the Pharmaceutical companies and the hospitals is a business one, where the pharmaceutical companies provide the product (drugs) and the hospitals purchase them for use in their facilities .
The hospitals are the customers of the pharmaceutical companies, but the companies are the suppliers of the drugs .
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Under Japanese law, parties to a contract may specify liquidated damages recoverable when a contractual obligation is not performed at all or not performed by a specified date.
True
False
Answers
True. Under Japanese law, parties to a contract may specify liquidated damages recoverable when a contractual obligation is not performed at all or not performed by a specified date.
In contract law, what is a liquidated losses clause?Clause of liquidated damages A liquidated damages (LD) provision is a common approach to dealing with the potential violation in a business contract. The core of an LD clause is that a party that breaches its commitments under a contract is obligated to pay a certain sum as compensation for such breach.
In Japan, are punitive damages permitted for violation of a contract?Punitive damages are not admissible in Japan for breach of contract claims because they violate public policy. Furthermore, punitive damages granted in foreign judgments will not be enforced by Japanese courts.
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Which of the following statements about check cashing companies is FALSE?
1. They charge low fees.
2. They offer bad deals where you'll owe a lot more than you borrowed.
3. They can take a percentage of your check on top of fees.
4. They make it easy to fall into a loan cycle that is hard to get out of.
Answers
The essence of time management is to
Answers
Answer:
The Essence of Good Time Management is Organizing Yourself
Time management boils down to a mindset of focusing on your priorities, goals, and objectives for a specific time period it can be a week, a day, or even an hour. Time management is a set of skills that are learned over time.
How can we apply accounting and bookkeeping in our daily lives?
Answers
A manufacturing company that produces furniture decides to use a new wood supplier. The manufacturing company wants to ensure that the materials from the supplier are delivered on time and within the specifications needed to meet the manufacturing company's product goals. What form of control system could the manufacturing company implement to ensure its needs are met
Answers
The feedforward control system is the system that will ensure that the materials are delivered on time and the specifications needed to meet the product goals. is met
What is a feedforward controls system?A feedforward controls are also known as a preliminary or preventive controls system.
In management, these control system is used to identify and prevent deviations in the standards before they occur.
These controls focus on human, material or financial resources within an organization for proper monitoring.
In conclusion, the feedforward control system is the system that will ensure that the materials are delivered on time and the specifications needed to meet the product goals are met.
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Global automakers are targeting the U.S. market with SUVs. All of the following SUVs are assembled or manufactured in the listed country except:
A) Porsche in Germany.
B) Honda in Japan.
C) Volkswagen in Slovakia.
D) Kia in India.
E) Mercedes-Benz in the United States.
Answers
The correct answer is: D) Kia in India. Kia, a South Korean automaker, does not assemble or manufacture SUVs in India. Instead, their SUVs are primarily produced in South Korea and other locations around the world.
All of the mentioned automakers assemble or manufacture SUVs in the listed countries except for Kia. Kia is a South Korean company and it assembles and manufactures its vehicles in South Korea, not India. The other options are accurate as Porsche is from Germany, Honda from Japan, Volkswagen from Slovakia, and Mercedes-Benz has manufacturing facilities in the United State
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Which trait do MOST employers look for when hiring new employees?
Group of answer choices
punctuality
an outgoing personality
financial independence
a fashionable wardrobe
Answers
Answer: Punctuality
Explanation:
in the month of september, nixon company sold 800 units of product. the average sales price was $30. during the month, fixed costs were $7,200 and variable costs were 60% of sales. instructions (a) determine the contribution margin in dollars, per unit, and as a ratio. (b) using the contribution margin technique, compute the break-even point in dollars and in units.
Answers
(a) Contribution margin in dollars, per unit, and as a ratio:
Using the given data, the contribution margin is calculated as follows:
Total sales revenue = 800 units × $30 = $24,000Variable costs (60% of sales) = 60/100 × $24,000 = $14,400
Contribution margin = Total sales revenue - Variable costs = $24,000 - $14,400 = $9,600
Contribution margin per unit = Contribution margin / Number of units sold= $9,600 / 800 units = $12
Contribution margin ratio = Contribution margin / Total sales revenue= $9,600 / $24,000 = 0.4 or 40%
The contribution margin is the revenue left over after variable costs have been deducted from total revenue. As a result, the contribution margin is the amount that may be applied to fixed costs and subsequently profit.
The contribution margin is computed by deducting variable costs per unit from the selling price per unit.
(b) Computing the break-even point in dollars and in units using the contribution margin technique:
The break-even point may be computed using the following formula:
Break-even point in units = Fixed costs / Contribution margin per unit= $7,200 / $12 = 600 units
Break-even point in dollars = Fixed costs / Contribution margin ratio= $7,200 / 0.4 = $18,000
Therefore, the break-even point for Nixon Company is 600 units or $18,000 in sales.
The break-even point is the number of units a company must sell in order to cover its fixed and variable costs. If the break-even point is achieved, the company will neither earn a profit nor incur a loss.
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Why is market management one of the most important factors for successful business
Answers
Market management is an essential part of running a successful business for a few reasons. First, it helps a business understand its target market and the needs and preferences of its customers. This information is crucial for developing products and services that will be in demand and generate revenue.
Second, effective market management can help a business differentiate itself from its competitors. By understanding the market and its competitors, a business can develop unique products and marketing strategies that will help it stand out and gain a competitive advantage.
Third, market management can also help a business anticipate and respond to changes in the market. This can be especially important in today's fast-paced and ever-changing business environment. By staying on top of market trends and customer needs, a business can adapt and evolve to remain competitive.
Overall, market management is an important factor for successful business because it helps a business understand its customers, differentiate itself from competitors, and respond to market changes.
Bert's company is about to release a new electronics product. the electronics product is estimated to have a short life cycle before it is replaced by an upgraded one. the company would like to recover the capital spent to produce the product. it therefore decides to charge the highest possible price for the product upon release. bert's firm recognizes this might provide an advantage to competitors who may release the product at a lower price, but it believes customers will feel that the higher price signals higher quality.
what type of pricing objective has bert's firm adopted?cash flow
Answers
The type of pricing objective has Bert's firm adopted cash flow.
Which of the following is a reason for a corporation to increase the price of a product?Companies occasionally increase their prices to reflect rising costs. To cover any further cost increases, they may generally raise the prices by a larger amount than the cost increases. A seller may raise the price of their goods if there is a greater demand than there is for that thing.
Which of the following pricing techniques is most likely to cause a retailer to lose money on the item?In an effort to boost sales of other goods, it is offered at a discount to cost. Pricing for special events and price leaders.
What appeals to cellars about a high-low pricing strategy?Because it draws buyers from two different market segments—those who are not price sensitive and are prepared to pay the "high" price and those who are more sensitive to price and wait for the "low" sale price—a high/low strategy is appealing.
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Erin's weekly health deduction from her check is $5.35. If his employer pays 80% of the premium, how much is her annual premium?
Answers
Answer:
Explanation:
I assume they are asking for the total premium paid per year, but I will also show just the amount she pays per year.
To figure out the total annual premium:
If the employer pays 80%, then the employee pays 20% (100%-80%).
Total Premium x .20% = 5.35
Total Premium = 5.35/.2 (20%)
Total Premium = 26.75 per week
Total annual premium is 26.75 x 52 weeks = 1,391
‘The employee only pays 20% or 5.35 per weekly paycheck. Her annual costs is 5.35 x 52 weeks=278.20
The SmartArt icon will allow you to include which of the following on a slide?
Answers
I think the answer is Graphs, I hope this helps
Kimberly is responsible, worthy of trust, and consistent in her performance at work. Her employers know that they can count on her. Kimberly demonstrates _____.
initiative
dependability
time management
conflict resolution
Answers
Answer:
dependability
Explanation:
When others can rely on you, it shows you are dependable. Dependability is a state where others trust a particular person will deliver. It is convincing others to have full confidence in you and your abilities.
Through previous actions, Kimberly has demonstrated that her employers can rely on her entirely. She has convinced her employers without any doubts that they can depend on her.
EXAMPLE 1: invests $500 at a simple
interest rate of 6%. How much interest will he earn in
one month? In six months? In one year?
Answers
Six months: $180
One year: $360
discuss how businesses can use mind mapping and brainstorming to identify new and innovative business opportunities
Answers
Answer: A mind map can be used by businesses to brainstorm thoughts and ideas organically.
Explanation:
By plotting ideas into a diagram, you can turn often complex, monotonous information into an organized, colorful, and memorable centralized format.
Is a business plan a one time fee?
Answers
Answer:
i think so :)
Explanation:
How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
Consider the following payoff matrix facing two criminals. A: Confess A: Not Confess B: Confess A: 20yrs, B: 20yrs A: 50yrs, B: 2yrs B: Not Confess A: 2yrs, B: 50yrs A: 10yrs, B: 10yrs Their options are to confess or not to confess. Given this information:
Answers
Answer:
Both A and B have dominant strategies
Explanation:
Consider 2 players "A" and "B" in the specified game. Here, row player is "B" and column player is "A." If "B" chooses "Confess" then "Not Confess" is the optimal choice for "A," because 50 > 20, likewise if "B" chooses "Not Confess," then "Not Confess" is the optimal choice for "A," as 10 > 2. Therefore, we can see that the "Not Confess" is the dominant "A" strategy Similarly we can prove that the prevailing technique for "B" is "Not Confess" too.
Hence, we can see that both player 's approach is successful and from the above explanation, the 2nd option is correct.
The amount of money that Tom had in his pension fund
in 2016 was £55 000.
His plans involve him putting £8 200 in his fund every year
for the next 15 years.
How much will Tom have in the pension fund in 2031?
Answers
Answer: £178000
Explanation:
The amount that Tom will have in the pension fund in 2031 will be calculated as:
= £55000 + £8200(15)
= £55000 + £123000
= £178000
The amount that Tom will have in the pension fund in 2031 will be £178000
Which situation most directly illustrates a possible outcome of a fiscal
policy?
A. New environmental regulations make drinking water in a city safer.
B. The government decides it is time to print a great deal of new
money
O C. Struggling farmers receive less assistance from the government.
O D. A company decides to expand its operations into several new
states
Answers
Answer:
C
Explanation:
The correct answer would be option C that says that the struggling farmers receive less assistance from the government as fiscal policies are associated with determining the expenses and taxation policies to the various sectors to regulate the direction of the economy.
There are two types of Fiscal Policy that are Expansionary and Contractionary.
Expansionary fiscal policy:
deals with an increase in spending and/ or relaxing in taxation by the government so that consumers in the economy get more money.Contractionary policy:
deals with reducing spending and/ or increasing taxation.In this case, farmers did not get assistance from the government due to reducing the amount of Federal money available for farming and farmers is an illustration of Contractionary fiscal policy.
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