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3 years ago

What is shared decision-making? For personal finance urgent!!

2 answers:

7 0

Shared decision-making, as implied by the name, is when two or more parties negotiate and decide on any financial decisions. The most common example of this is married couples who have to decide how to handle their shared income and resources.

Harrizon [31]3 years ago

5 0

When two people negotiate to a compromise on a financial decision.

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Which of the following is an example of an economic change brought about by globalization

finlep [7]

Answer:

D) increases in the outsourcing of labor

Explanation:

Globalisation is the process by which business develop operations internationally. It involves integration of people, business and governments.

Outsourcing of labor involve hiring of manpower outside an organisation to carry out some job functions.

Because of the variety of talent available globally, and the reduced overhead costs, more businesses are outsourcing job functions.

3 0

2 years ago

On January 1, 2016, Elite Advertising was contracted to run a marketing campaign for Pharm King's new dieting pills. In addition

stepladder [879]

Answer:

A. $50,000

Explanation:

150,000 for a 3 year compaing = 50,000 per year

The contract has just started and the information available doesn't meet the criteria.

We must remember that accounting has a principle of conservatism regarding revenues. Accrue revenue without proper grounds is not correct. We should recognize the 1/3 of the base fee which is earned and matched the accounting cycle.

8 0

3 years ago

Which of the following would be included in the expenditure method of calculating GDP? Check all that apply. Firedog spends $150

MrMuchimi

Sam pays Better Buy $1,000 to install a new high -definition television (HDTV) on his living room wall. He's attracted by Better Buy's guarantee that he'll be happy with the new HD1V, or he'll get his money back. ? Better Buy pays Firedog $900 to install the HDTV. ? Firedog buys hardware worth $150 from The Home Station. Assume that The Home Station gets the hardware for essentially nothing and that other costs are $0. To compute the contribution to GDP using the expenditure approach. Which of the following would be included in the expenditure method of calculating GDP? Check all that apply. Sam spends $1,000. El Better Buy spends $900. El Firedog spends $150. The total contribution to GDP, measured by the expenditure method,

Answer:

Sam spending of $1000

Explanation:

Sam's expenditure is a household consumption expenditure

Since AE = C + I + G + NX

where AE = aggregate expenditure for GDP

C = household consumption

I = investment on capital goods

G = government expenditure

NX = net export.

7 0

2 years ago

An economist has predicted 2% inflation during the next 10 years. how much will an item that presently sells for 100 cost in 10

VikaD [51]

Answer:

With 2% inflation during the next 10 years, an item that presently sells for 100 will cost 102 in 10 years' time.

Explanation:

However, if the predicted inflation rate of 2% happens year on year, then the cost of the item will become 121.90 (100 (1+ 2%)∧10), compounded annually. In itself, inflation is the decline of the purchasing power of a given currency over some period of time. It is a quantitative measure of the rate at which the decrease in the purchasing power of the selected currency occurs, and how this is reflected in the price level of a basket of selected goods and services in that economy over some period of time.

4 0

3 years ago

A new Classical view is that business cycle fluctuations are the _____ responses of a well-functioning market economy that is

Anestetic [448]

Answer:

The correct words for the blank spaces are: efficient; technological change.

Explanation:

The New Classical school of Economics was originated at the beginning of the 1970s having as its main characters to American economists Robert Lucas (born in 1937) and Edward Prescott (born in 1940). New classicals pay special attention to economic models based on individuals' behaviors, indicating they pursue to maximize their utility by making rational decisions.

When it comes to business cycles, they proposed fluctuations in the economy were boosted by unanticipated "shocks". Changes in aggregate demand were the result of unexpected monetary or fiscal policies. Changes in aggregate supply were caused by efficient changes in productivity as a result of temporary changes in technology.

7 0

2 years ago