Answer:
the size of M1 can only be a fraction of checkable deposits.
Explanation:
fractional reserve banking system requires that a fraction banks receive as deposits from customers be kept as reserves with the central bank and the rest be made out as loans.
M1 consists of coins, demand deposits and currency in circulation. Banks determine the money in circulation by giving out loans. so the size of M1 can only be a fraction of checkable deposits.
The <u>procurement</u><u> statement of work</u> documents the portion of work to be purchased in enough detail, so as to help potential suppliers decide whether they're interested and capable of providing it.
<h3>What is procurement?</h3>
Procurement can be defined as a terminology that is used to connote the purchase of raw materials, items or resources from suppliers, which are used by business firms for the manufacturing of other finished goods and services.
Basically, the <u>procurement</u><u> statement of work</u> is typically used to document the portion of work to be purchased by an entrepreneur or business firm in enough detail, so as to help potential suppliers decide whether they're interested and capable of providing it.
Read more on procurement here: brainly.com/question/26101126
Wideload, Inc, makes, sells, and leases trucks, trailers, and other moving and hauling equipment for consumer use. Verna files a product liability suit against Wideload, alleging a design defect. In deciding whether to hold the maker liable, the court may consider: The expectations of the ordinary consumer.
<h3><u>
Explanation:</u></h3>
The disputes that are related to any legal sections regarding the liability of the products are subjected to a consumer expectations test. The main purpose of the conduction of this test is to ensure that the product is properly manufactured and the defectiveness in the warning information of that particular product.
A product will be concluded to be defective under this test when a consumer finds that the product is defective. In the given example, Verna files a product liability suit against Wideload, regarding the defects associated with the design. Thus, the court may consider The expectations of the ordinary consumer for making it liable.
Answer:
This statement falls under Classical Management Theory
Explanation:
In this case, managers want to help customers in making their choices easy and simple for them. Yes, its very much true that too many choices create ambiguity, it becomes very hard for the customers to choose from overload of choices, that's the reason Apple only came with one phone model, iPhone. Furthermore, managers want employees to help customers, therefore, they have linked their motivation directly with the incentives and commissions, which directly falls under the classical management theory, which says that employees have certain economic and physical needs which they have to meet and fulfill. Moreover, classical management theory also helps us in the areas of leadership, specialization of labor, profits, and decision making. Here managers want to streamline their operations as well, which is also another feature of management theory.