<span>Conversion Cost
You can call this the cost of changing the goods into buyable items . These costs are the blend of direct work costs in addition to assembling overhead expenses.
You can consider conversion costs as the assembling or generation costs important to change over crude materials into items. Communicated another way, conversion costs are a maker's item or generation costs other than the expenses of crude materials.</span>
The possible problem of a free-rider befalls when those who avail of resources, well-founded, or services do not pay for them, which leads to an underprovision of those goods or services. For example, a free-rider may often ask for accessible parking lots from the ones who have already paid for them, in order benefit from free parking.
The new york stock exchange, where financial investors buy and sell existing stock, is an example of the secondary market.
A market is a composition of structures, institutions, approaches, social family members or infrastructures whereby parties interact in trade. at the same time as events can also alternate goods and offerings by way of barter, most markets depend upon dealers imparting their goods or offerings to shoppers in exchange for money.
A marketplace is an area wherein consumers and sellers can meet to facilitate the alternate or transaction of goods and offerings. Markets may be bodily like a retail outlet, or virtual like an e-store. other examples include illegal markets, public sale markets, and financial markets.
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Answer:
Explanation:
A forward exchange rate is the quoted price for a unit of foreign currency to be delivered at a specified date in the future.
The government sets a fixed exchange rate that is allowed to fluctuate only slightly (if at all) around the par value.
When American customers import more from Europe than they export to Europe, the euro appreciate relative to the dollar.
The depreciation or appreciation of a currency refers to a decrease or increase, respectively, in the foreign exchange value of a floating currency.
Under a managed floating regime, the government plays a significant role in managing the exchange rate by manipulating the currency's supply and demand.
Currencies under such a regime are nonconvertible currencies.
Solution :
a). There are total 5 executives. Therefore the possible sample size of 2 is
= 10
So, there are 10 possible ways for selection of sample size of 2.
b).
Sample Samples of service length Sample mean
Snow, Tolson 20, 22 (20+22)/2 = 21
Snow, Kraft 20, 26 23
Snow, Irwin 20, 24 22
Snow, Jones 20, 28 24
Tolson, Kraft 22, 26 24
Tolson, Irwin 22, 24 23
Tolson, Jones 22, 28 25
Kraft, Irwin 26, 24 25
Kraft, Jones 26, 28 27
Irwin,Jones 24, 28 26
c). The mean and the standard deviation of the means of the sampling distribution is given by :
= 24
The variance of the sample means :
= 3
Therefore the standard deviation of the sample means is
= 1.732
d). The population means is given by:
= 24
Therefore, we can say that the mean of the sample means is a point estimate of the population mean.
