Answer:
Foreign exchange
Explanation:
The process of converting the currency of one country to another is known as foreign exchange or Forex. Converting or exchanging to a particular currency is buying that currency. One needs to have their home currency or any other currency to convert it to the desired currency.
If both currencies have equal strengths, then one unit of a currency should exchange with one unit of the other. The exchange rate would be one. Since currencies have different strengths, they convert or exchange at different rates.
Answer:
What is driving Anne's and Adam's decisions?
Opportunity cost
Explanation:
The opportunity cost is the amount of benefits expressed in monetary terms of picking one alternative over the other. It is an economical aspect as opposed to an accounting aspect. It is mostly beneficial to business people or investors who have a variety of business opportunities that requires an investment. Since they are not always considered in financial reports, they are often an unnoticed and may not be considered in most cases. This can cause the occurrence of missed opportunities that might have been more beneficial than the option chosen. The opportunity cost can be calculated using the formula below;
O.C=F.O-C.O
where;
O.C=opportunity cost
F.O=return on best foregone option
C.O=return on chosen option
In our case, Anne had to consider either continuing to sell the same number of dresses or increasing her production to capitalize on the profit margins. She chose to increase her production. Adam also had two alternatives; to utilize the opportunity of buying furniture at a lower cost down the street within two days before the offer ends or buying furniture expensively after the end of the offer. Adam chose to utilize the offer and bought the furniture a half-price sale.
Answer:
22,361,183.
Explanation:
Given that,
Active duty personnel in all armed services = 1,361,183
Veteran population at the end of 2014 = 21,000,000
Average cost of life insurance = $750 per year
No. of buyers in the market:
= Total Active duty personnel in all armed services + Total Veteran population at the end of 2014
= 1,361,183 + 21,000,000
= 22,361,183
Therefore, the number of buyers in the market can be estimated as 22,361,183.
Answer:
She will likely discover that he didn't give credit where it is due and he copied the internet.
Answer:
D) The time that the customer leaves the pizza in the refrigerator
Explanation:
Inputs are raw materials, intermediate products, or labor force that are used and/or transformed, in order to make a finished product, which is the output.
In this case, the dought, the temperature of the oven, and the cheese are inputs, because they are needed in order to finish the pizza.
However, the time it is left in the refrigerator by the customer is not an input because this is a decision taken when the pizza is already a finished good.