Determinants of demand includes following:
- Price of the Product
- Income of the Consumers
- Prices of related goods or services
- Consumer Expectations
- Number of Buyers in the Market
When any of determinants of demand changes, the demand curve shifts to the right. This indicates that even while the price remains the same, there is a greater demand for the commodity or service.
Demand curve movement happens along the curve, whereas demand curve shift occurs when the determinant of demand relationship changes and causes the demand curve to shift. When changes in quantity demanded are correlated with changes in the commodity's price, the demand curve moves along.
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The 2 statements that are true regarding the multicurrency function in QuickBooks online are
- Once multicurrency has been enabled, you cannot disable this feature
- For most of the commonly used currencies, the rates are updated every 4 hours.
This is further explained below.
What is multicurrency?
Generally, It's a special kind of bank account that lets you transfer, receive, and keep many different currencies at the same time.
A multi-currency account enables you to utilize a single account number for each kind of currency, which eliminates the need to create several bank accounts, each of which would have a unique account number that would need to be kept track of.
In conclusion, The statement are
- Once multicurrency has been enabled, you cannot disable this feature
- For most of the commonly used currencies, the rates are updated every 4 hours.
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Answer: Option c and d
Explanation: In simple words, prescriptive role refers to the role under which the manager identifies what should be done rather than stating what is done. In other words, under thus role the manager specifies duties and tasks that should be performed to achieve the objectives.
In the given case, Caroline is researching and recommending the actions that should be taken for maximizing the profit.
Hence from the above we can conclude that Caroline is performing prescriptive role.
An enterprise resource planning system is most effective for this application.
<u>Option: C</u>
<u>Explanation:</u>
The centralized monitoring of large corporate activities, mostly in live time, and through software often technology mediation, highlighted as a Enterprise resource planning. ERP is generally understood as a type of information management tools that a company can utilize to acquire, store, process, and analyze data from multiple business operations.
It offers a constantly updated and organized representation of key firm operations by utilizing popular databases managed by a database management process. ERP programs monitor the capital of firm like: raw material, money, manufacturing capabilities and business obligations status like: order of purchase and payroll.
