Answer: The simple money multiplier becomes smaller as less money is loaned out
Explanation:
In the money creation process, the simple money multiplier assumes that thee are no excess reserves that are held by the banks and that there are no currency being held by the public.
The consequence of a bank holding excess reserves will be that the simple money multiplier will become smaller when less money is being loaned out. There will be less money in circulation when excess reserves are held by the banks. This will result in the money multiplier to be smaller.
Answer:
Target customers and products
Explanation:
Businesses should be developed in the future along the line of its target customers and also in consideration of the type of products it produces. the main aim of every business is to meet and solve the needs of its target customers and its development should as well be tailored to always fulfill the need of its target customers.
Business are not developed based on specifics related to the supplier because the suppliers are not the end users of the project but the target customers are.
Answer:
Decrease in demand for a product, holding other things constant, "will decrease the marginal revenue product of labor".
Explanation:
The extra revenue that a firm earns as a result of a newly hired worker is known as the marginal revenue product of labor.
A new worker is hired to increase the quantity of goods produced and consequently, increase the firm's revenue through sales of the goods.
If however, more goods are produced but the demand for the product decreases, then this will cause a decrease in the marginal revenue product of labor.
In other words, the firm won't earn extra revenue if the products are not being bought.
Answer:The answer is A
Explanation:
SMART are five steps in setting a business goal, S means specific, M means measurable A means Attainable / Achievement, R means Realistic/ Result Oriented, T means Time based
Specific : A specific goal has a much greater chance of being accomplished than general goal.great goal are well focused. In order to set a specific goal, the following questions must be answered such as who is involved? , what do I want to accomplish? What are the requirements needed to achieve the goal? What are the purpose of accomplishing the goal?
Measurable : This established the basis for measuring the level of progress towards the accomplishment of the goal.when a goal is measured, it enables the goal setter to stay on track to reach the target goal.it spurs the goal setter to continue the effort required to accomplish the goal. In measuring a goal questions such as how much? how many? how will I know when it is accomplished? must be answered.
Attainable : When a business goal is identified, it is important to begin to figure out ways to achieve the goal. The goal setter has to develop the attributes, abilities, skills,and the financial capacity to reach the goal. The goal can be attainable, when the goal setter plan the step wisely and also established a framework that allows the carrying out of the steps so outlined.
Realistic / Result Oriented : The business goal can be realistic or result oriented, when such a goal represents objective ahead which the goal setter are both willing and able to work towards. A goal can be both high and realistic, the goal setter is the one to decide just how high the goal is to know the substantial progress that had been made.
Time based: A goal should be within a specified time frame within which when such a goal is expected to have been accomplished.
