In a commercial bank's t-account, reserves and outstanding loans are recorded as assets.
In economic accounting, "reserve" usually has a credit balance and may talk over with part of shareholders' fairness, a liability for envisioned claims, or contra-asset for uncollectible debts. A reserve can seem in any part of shareholders' fairness besides for contributed or simple proportion capital.
Reserves are a part of income or gain that has been allotted for a selected reason. Reserves are usually installed to shop for fixed property, pay bonuses, pay an anticipated prison settlement, pay for upkeep & protection and pay off debt.
Reserves – additionally called retained income – are portions of a commercial enterprise's profits that have been set aside to strengthen the enterprise's economic function.
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Answer: the number of people in the working-age population who are employed or unemployed.
Explanation:
The labor force is made up of the number of people that are in the working-age population who are either employed or unemployed.
The labor force is the number of people that are employed in addition to those that are unemployed and are looking for work. For one to be considered part of the labor force, the person must be available and willing to work.
In a "Free market" system, supply and demand forces affect the production and consumption decisions. There is little to no price control in such a system.
The first blank could also be "perfectly competitive" or "market efficient" system. The second blank can also be "deadweight loss". This means that producers are price takers, not price makers, and that the quantity produced and the equilibrium price of goods are determined by the free market. Usually this implies a very large number of firms producing identical products, with no collusion among them.
Answer:
A) Country 1's PPF lies further to the right than country 2's PPF.
Explanation:
Production Possibility Curve shows the combination of two goods, that an economy can produce - by utilising given resources & technology best efficiently.
If country 1 produces twice the output of both goods compared to country 2. Then, country 1's PPF would lie further to the right than country 2's PPF. As, more quantities implies rightward shifted PPC, signifying more quantities of goods that can be produced.
Efficient or inefficient production leads to production inside or on PPC, doesn't shift PPC. Population change is also irrelevant in this case.
Answer:
C. multidomestic
Explanation:
In a multidomestic international operations strategy, foreign branches of a multi national corporation decide their own strategy as per that country's needs, tastes, traditions and culture.
In such cases, the strategies adopted at branches could be entirely different from those employed by the parent company.
Such a strategy ensures a greater degree of independence or autonomy and at the same time, allows delegation of authority to the lowest level i.e decentralization.
Delegation refers to assigning of authority by a superior to his immediate subordinate. When delegation is carried out to the lowest organizational level, it is referred to as decentralization.