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Softa [21]
3 years ago
5

Name a time there was a change (higher or lower) in your budget for two goods. What were they? How did the change affect your co

nsumption choices?
Business
1 answer:
Andrews [41]3 years ago
7 0

Answer and Explanation:

I went to the store to get wheat and a mat for myself. I thought I had sufficient money to purchase both the products but later on  somehow I realized that the amount of money I had was lesser than required and was not what I though would be enough for the purchase of both the products.

Therefore, I had to compromise on my mat as as my choice of wheat could not be compromised as I needed food for myself.

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Foreign currencies that are deposited in banks outside the home country are known as A. Eurobond. B. Eurocurrencies. C. foreign
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Answer: option (B). Eurocurrencies

Explanation: Euro currency is currency deposited by nationals governments or corporations, outside of its home market. Eurocurrency is a currency commonly held in banks located outside of the country which issues the currency. Moreover is is pertinent to note that the term Eurocurrency applies to any currency and to banks in any country. Having Euro doesn’t mean the transaction has to involve European countries.

Eurocurrency is when an institution uses money from another country, but not in the originating country’s home market, and despite the name, Eurocurrency can involve any currency. For example Nigeria Naira deposited at a bank in United state is Eurocurrency.

8 0
3 years ago
If a country's GDP decreases, but its debt increases during that year, then the country's debt to GDP ratio for the year will __
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Answer:

Increase

Explanation:

Let us assume that GDP was $50 trillion and debt was $5 trillkon in 2018 and GDP fell to $45 trillion in 2019 and debt increased to $15 trillion. The debt to GDP ratio in 2018 is $0.1 trillion and in 2019 it is 0.3. The debt to equity ratio increased.

6 0
3 years ago
If a term in a contract is ambiguous, the court will consider the parties'
Tpy6a [65]

Answer:

intent

Explanation:

8 0
2 years ago
The most attractive way to reduce or eliminate the impact of paying tariffs on pairs imported to a company's distribution wareho
natta225 [31]

The most appealing approach to diminish or take out the effect of paying duties on sets imported to an organization's dispersion distribution center in Europe-Africa is to raise the organization's offering cost of footwear in Europe-Africa by everything of the tax and pass all tax costs along to the buyers of the organization's footwear, this system has the upside of totally taking out the organization's presentation to import taxes in Europe-Africa.

6 0
3 years ago
Advantages and disadvantages of implementing plan where functional managers will be held responsible for cost overruns against t
Morgarella [4.7K]

Answer:

Kindly check explanation

Explanation:

Implementing plans where functional managers will be held responsible for cost overruns against their original estimate possess both advantages and disadvantages :

The advantages include:

1) Efficient use of Resources : A functional manager could be explained as the head or a person who has managerial authority over a department within a business organization. As such the functional manager will be able to monitor more effectively and take control of his unit. Holding them responsible for cost overruns will ensure that they are more cautious when it comes to resource and cost management as they will not want to be sanctioned.

11) ACCOUNTABILITY: It increases the sense of responsibility of the functional managers as they are being held fully responsible for the decisions made within their unit. This places a higher burden of showing sincerity on the managers.

The disadvantage associated with the plan is the possibility of producing low quality products resulting from the economical and cautious approach embarked upon in other to prevent cost overrun, materials used may be lesser quality than expected.

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3 years ago
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