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2 years ago

list four strategies that individuals, families, businesses, and government apply when making financial decisions.

1 answer:

6 0

While making financial decision one should keep in mind the Cost-benefit analysis, marginal analysis, trade-offs, and opportunity costs.

<h3>What are the strategies for making better fianancial decision?</h3>

The success of your firm will depend on the wiser financial decisions you make, among other things. Financial errors can have devastating repercussions and seriously ruin your business venture. You must be familiar with your company's financial data in order to develop stronger financial decision-making techniques.

1. Consistently Use Reliable Accounts

2. Invest in financial education

3. Regularly compare cash flow forecasts to actuals

4. Ensure That Major Initiatives' Financial Impact Is Always Calculated

5. Have Your Team Participate In Decision-Making

6. Consistently monitor financial performance

Learn more about the Business finance with the help of the given link:

brainly.com/question/10024737

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Answer:

The dollar has depreciated relative to the euro

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2 years ago

Inacio Corporation uses the weighted-average method in its process costing system. Data concerning the first processing departme

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Answer:

$17.97 per unit

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Using weighted average method, Equivalent units = Units that are completed during the period + Equivalent units in process at the end of period.

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Cost per equivalent unit for materials = $185,100 / 10,300 units

Cost per equivalent unit for materials = $17.97 per unit

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3 years ago

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It is a team composed of people with different skills necessary to complete the work.

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As a whole it is self-sufficient.

He has the knowledge and skills necessary to build the part of the product that corresponds to him.

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