Answer:
Local technology refers to the technology which are used in our locality from the ancient time and are made of locally available materials for the welfare of local people.
15.79 % is the rate that bank is requred to give to potential borrowers
<u>Explanation:</u>
![A P R=m\left[(1+E A R)^{1 / m}-1\right]](https://tex.z-dn.net/?f=A%20P%20R%3Dm%5Cleft%5B%281%2BE%20A%20R%29%5E%7B1%20%2F%20m%7D-1%5Cright%5D)
![\mathrm{APR}=365\left[(1+.171)^{1 / 365}-1\right]](https://tex.z-dn.net/?f=%5Cmathrm%7BAPR%7D%3D365%5Cleft%5B%281%2B.171%29%5E%7B1%20%2F%20365%7D-1%5Cright%5D)
![A P R=365\left[(1.171)^{0.00273972602}-1\right]](https://tex.z-dn.net/?f=A%20P%20R%3D365%5Cleft%5B%281.171%29%5E%7B0.00273972602%7D-1%5Cright%5D)
![\mathrm{APR}=365 *[1.00043258-1]](https://tex.z-dn.net/?f=%5Cmathrm%7BAPR%7D%3D365%20%2A%5B1.00043258-1%5D)
, APR = 0.1578917
Or 15.79% (it is rounded off )
<u>Where:
</u>
EAR = effective annual rate
APR = Annual percentage rate
M = number of compounding
Therefore, the interest of rate that the bank is required by law in order to report to all the potential borrowers is 15.97%
Answer:
The answer is C.
Explanation:
The shareholders are the owners of the company while board of directors are the agents( although many directors now have shares in the company) that runs the business on behalf of the shareholders. The problem associated with directors not pursuing the interests of the shareholders is known as agency problem.
Board of directors/directors are to make sure the business run smoothly while the shareholders provide the fund to meet emergencies.
Answer:
see below
Explanation:
1. In a monopoly, one firm dominates a large market. Only one seller is serving a large number of buyers. In a perfectly competitive market structure, many sellers are competing to sell to many buyers.
2. A monopoly has no competition for its products. There are no close substitutes, which leaves customers with no other option but to buy from the monopoly. In perfect competition, sellers sell identical products. There is stiff competition for the product being sold.
3. In a monopoly, there are strong barriers to entry and exit from the market. In a perfectly competitive market, restrictions on entry or exit are absent.
4. The price for a monopoly is always set above the average cost, while in perfect competition, the price set is equal to the marginal cost.
5. A monopoly has full control over its price and can offer different prices to different groups of customers. In a perfects competition, the firms cannot practice price discrimination because they have no control over prices.
Answer:
Profit
Explanation:
Profit goals is very essential in business in order to meet the set target. It is important to set a profit goals under to have a good returns for the business as well as the investors involved, it gives an insight to device the best strategy for great returns financially. theoretically, profit goals= summation of all sales / Units of sales
It should be noted that Seeking to obtain as high a financial return on their investments (ROI) as possible, firms will often set profit goals.
