Answer:
The business cycle is crucial for businesses of all kinds because it directly affects demand for their products. Boom: high levels of consumer spending, business confidence, profits and investment. Prices and costs also tend to rise faster. Unemployment tends to be low as growth in the economy creates new jobs.
Answer:
The answer is B.
Explanation:
In purely competitive firms, there are many buyers and sellers that no single buyer or seller can influence the price of goods. They accept the price set by the market conditions which depend on the market supply and demand. Firms in this market are price-takers.
In monopolistic firm, no one is competing against him. He is the only one in the industry. He is the only seller while buyers are many. In most cases, buyers do not have alternative than to buy the product. Because of this, the firm in monopoly sets its price. He is a price-maker.
Answer:
Explanation:
This is an annuity question. You can solve this using a financial calculator with the following inputs;
Present value ; PV = -20,000
Duration; N = 15 payments
2 year interest rate; I = [(1.07)^2 ] -1 = 14.49%
One-time future cashflow; FV = 0
Then compute recurring payment ; CPT PMT = $3,336.28
Therefore, you'll pay $3,336.28 every 2 years
Answer: C - calling the debtor at home at 8:30 AM to confirm the debt
Explanation: FDCPA meaning Fair Debt Collection Practices Act is an Act put in place to protect debtors from assaults from the debt collectors.
It was put in place to put sanity in the way debt collector collect their debts from their debtors.
There are a list of acts that are punishable by law if that are not adhered to during the process of debt recovery from debtors. They are also punishable by law if found guilty of any of these assaults.
Answer:
<em>Type A</em>
Explanation:
The autocratic or <u>Type A</u> style of management would be one in which the leader makes independent decisions without including workers in decision-making.
A permissive style of management, on the other hand, encourages the director to include workers in decision-making.
