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4 years ago

What is likely to be an individual’s single biggest asset?

1 answer:

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Let's think about a typical person possessing some jewelry, home and a car - their hope is typically the most expensive of those (it also makes sense, since it's the one that's the hardest to be stolen).

Also, people more typically invest in property rather than keep the money on the account - so the correct answer is d)

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Financial globalization has not resulted in: A. an increase in quantity and speed in the flow of capital across the world. B. c

Naily [24]

Answer:

Correct answer is (C) uniform ways of ownership, control, and governance across the world

Explanation:

Financial globalization is a process whereby there is cross border financial flow. Its is way of pooling each nation's financial resources together so as to ensure integration financial market such as having world central bank with single currency in operation.

Financial globalization has not resulted in uniform ways of ownership, control, and governance across the world. This is due to the fact that most countries are not having equal or similar economic level, some are advance, some are developed, some are developing while some are underdeveloped. This is making it difficult to operate on the same level and thereby the standard of living are different. Like it is known that one cannot compare economy and development in USA with that in any country in the whole of Africa continent.

7 0

3 years ago

If the several companies in the tobacco industry produce similar products but have very different marginal costs: they are more

Illusion [34]

Answer:

If the several companies in the tobacco industry produce similar products but have very different marginal costs: they are more likely to engage in tacit collusion than firms with similar costs.

Explanation:

Tacit collusion occurs when firms silently agree on a strategy that will benefit them both either by cutting cost or increasing patronage.

If the several companies in the tobacco industry produce similar products but have very different marginal costs, some firms might decide to collude tacitly by lowering their prices therefore controlling a larger potion of the addressable market.

The reason this action is taken silently is because express collusion will attract legal sanctions that will be supported by firms within the industry that did not collude.

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3 years ago

The business judgment rule provides corporate officers and directors protection when Multiple Choice the liability is a result o

oee [108]

Answer:

they set up a committee to establish a procedure for making decisions that are in the best interests of the corporation.

Explanation:

The business judgment rule provides corporate officers and directors protection when they set up a committee to establish a procedure for making decisions that are in the best interests of the corporation.

Generally, the business judgment rule is a legal principle that primarily protect the board of directors from breach of fiduciary duty liability, in as much as the directors acted in good faith of the shareholders and ensuring a logical and well informed decision-making process.

The fiduciary duty liability of the corporate officers and directors of an organization to its shareholders are duty of loyalty, care, prudence, which implies, they'll always make the interest of the corporation and its shareholders a high level priority.

Hence, the business judgment rule is aimed at protecting and mitigating the risks faced by corporate officers and directors in the event of litigations because it is assumed that they're acting in the interest or favor of the corporation and its shareholders.

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3 years ago

"Maple Corp. had net sales of $217,550 for the year ended December 31, 2017. Its beginning and ending total assets were $94,2

BaLLatris [955]

Answer:

2.09

Explanation:

Asset ratio is a business tool used to measure the efficiency of assets towards sales generation by comparing net sales to average total assets.

It is calculated by dividing the net sales by average total assets.

The average total assets is used in order to make allowance for fluctuation in the course of business year

<u>Workings</u>

Net sales = $217550

Opening total asset = $94200

Closing Total assets = $ 113500

Asset ratio turnover = 217550/(94200+113500)/2

=2.09

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4 years ago

Golf-course designers have become concerned that old courses are becoming obsolete since new technology has given golfers the ab

goldfiish [28.3K]

Complete Question:

Golf-course designers have become concerned that old courses are becoming obsolete since new technology has given golfers the ability to hit the ball so far. designers, therefore, have proposed that new golf courses need to be built expecting that the average golfer can hit the ball more than 230 yards on average. suppose a random sample of 152 golfers be chosen so that their mean driving distance is 229.9 yards. the population standard deviation is 41.4. use a 5% significance level.

Calculate the followings for a hypothesis test where H0:μ = 230 and H1:μ < 230 :

(a) The test statistic is _____

(b) The P-Value is _____

The final conclusion is:

Answer:

t - statistic = -0.02977977

p value = 0.488753

There is no sufficient evidence to warrant rejection of the claim that the mean driving distance is equal to 230

Explanation:

Number of samples(n) = 152

Significance level = 5%

sample standard deviation(s) = 41.4

sample Mean (x) = 229.9

H0:μ = 230 and H1:μ < 230

A.) The test statistic can be calculated using the formula;

t = (x - μ) ÷ (s/sqrt(n))

t = (229.9 - 230) ÷ (41.4/sqrt(152))

t = -0.1 ÷ 3.3579834174

t-statistic = -0.02977977

Using the p value calculator on the t-statistic value at a significance level of 0.05;

The p-value is 0.488753

With the p value sufficiently greater than 0.05, There is no sufficient evidence to warrant rejection of the claim that the mean driving distance is equal to 230

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4 years ago