Answer:
As a Medium of Exchange
Explanation:
The four functions of money are:
- As a Medium of Exchange
- As a Measure of Value
- As a Store of Value
- As a standard of Deferred Payment.
As a Medium of Exchange
Money as a medium of exchange has its most important role of facilitating the exchange of goods and services. Hitherto before the advent of money. Trade by Barter was the only means of conducting transactions. The use of money in the exchange of gods and services solved the major difficulty encountered with the barter system, which his "Double coincidence of wants".
Money by performing its most traditional role is accepted by all irrespective of whether they need each others good or services.
However to fulfill this role or function, Money has to be generally acceptable, portable, divisible, durable, stable in value and homogeneous.
Answer:
a. Marketopia has a comparative advantage in the production of pies.
Explanation:
The computation is shown below
As we know that the comparative advantage principle refers that the firm which has less opportunity cost in the production of a good should generate that specific good and specalize according to this
Now
for Marketopia
The opportunity cost of cookies is 18 by 30 pies = 0.6 pies
The opportunity cost of pies are 30 by 18 cookies = 1.67 cookies
For Ecolandia
The opportunity cost of cookies is 9 by 90 = 0.1 pies
The opportunity cost of pies is 90 by 9 = 10 cookies
We can see that Econlandia has the comparative advantage in cookies while on the other hand the marketopia has the comparative advantage in pies
Therefore the correct option is a.
New ventures b) are often preferred by technology based companies.
Explanation:
- New Ventures is a global program that provides services for the development of small and medium enterprises (SMEs) whose main goal is to generate a positive environmental or social change within their own communities.
- New venture growth is one of the foundational topics in entrepreneurship research.
- Venture Concept brings together experienced and qualified resources in order to extend those of the enterprises. T
- hey help implement change management and reduce risks.
- Venture Concepts consultants have launched new companies and can assist start-ups or strategic joint-ventures.
- A business enterprise or speculation in which something is risked in the hope of profit; a commercial or other speculation: Their newest venture allows you to order their products online. the money, ship, cargo, merchandise, or the like, on which risk is taken in a business enterprise or speculation.
The most likely characteristic of this company, which is a devout follower of Confucian ethics is : not blind loyalty
<h3>What is loyalty?</h3>
Loyalty is the act of choosing one company's products and services consistently over their competitors. It means that one would stick to a company's product no matter what is being offered by others.
Here, the company is not blind by loyalty because it has a principle. The principle is that whosoever live by their principle will be hired irrespective of whether they are loyal to the company or not.
Hence, the most likely characteristic of this company, which is a devout follower of Confucian ethics is not blind loyalty.
Learn more about loyalty here: brainly.com/question/25707409
Answer: 0.72%
Explanation:
Using the Present value formula:
Present value = Future value / (1 + r)^n
Making r the subject of the formula makes the equation:
r = (Future value / Present value ) ^ 1/n - 1
= (1,558,869/ 1,400,000)¹/¹⁵ - 1
= 0.72%