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steposvetlana [31]
4 years ago
6

The following statements accurately describe the difference between saving and investing EXCEPT…

Business
1 answer:
vagabundo [1.1K]4 years ago
8 0

Answer:

Saving can only be done in person. Investing can be done both in-person and online.

Explanation:

Saving refers to keeping some funds aside for use during emergencies. Individuals and institutions also save as a way of accumulating funds for a specific intention. Banks and other deposit-taking institutions offer saving services to pool funds and lend them for investment and consumption.

Saving will attract lower interest rates, sometimes below the inflation rate. Banks offer lower rates on saving and charges a higher interest rate to borrowers to make profits. Because saving offer lower returns, they are suitable for short-term periods. Savings are relatively safer than investment.

Investments offer higher returns but have a higher risk. Due to their price volatility, investments are suited for the long-term to safeguard against price fluctuations.

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A Excite Enterprises, a corporation of amusement parks, uses an accounting firm to handle the payroll and tax functions for the
Amanda [17]

Answer:

The correct answer is A. Outsourcing.

Explanation:

Outsourcing is the process by which a firm identifies a portion of its business process that could be performed more efficiently and / or more effectively by another corporation, which is contracted to develop that portion of business. This frees the first organization to focus on the core function of its business. (The English term outsourcing has been translated into Spanish as outsourcing or outsourcing).

In other words, outsourcing consists of a company hiring a specialized external agency or firm to do something it does not specialize in.

7 0
4 years ago
Gymtastic was able to serve large crowds of customers and then adjust operations to serve very few customers thanks to their com
Naya [18.7K]

Gymtastic was able to serve large crowds of customers and then adjust operations to serve very few customers thanks to their competitive capability related to Flexibility.

<u>Explanation:</u>

The main components that decides the success of any business is the way they treat their customers. There are few important things to be kept in mind and practice while serving customers. the person dealing with the customers directly must have certain skills. These skills includes, Communication skills, listening skills, professionalism, problem solving and flexibility.

The ability of the person who is dealing with the customers to deal with different kind of situations refers to the flexibility of that person. The customers of any business has different need and their levels of satisfaction differs. It is very essential for a person dealing with the customers to be flexible with the customer's need and fulfill the level of satisfaction.Flexibility in customer service means ability to adjust to situations. Each customer has different needs and flexibility skills means being able to address effectively the dynamics of every customer encounter.

7 0
4 years ago
On March 1, Green went to Easy Car Sales to buy a car. Green spoke to a salesperson and agreed to buy a car that Easy had in its
lana66690 [7]

Answer:

C: March 10

Explanation:

In this scenario he signed the security agreement on the 5th of March, picked up the car on the 10th of March, and filed the security agreement on the 15th of March.

Even though he signed the agreement on the 5th of March (which would be believed is the day that the security interest is attached), he only took it into his possession on the 10th. Only once you take the car into your possession does the security interest attach, since it is no longer in the possession of the car dealer.

3 0
4 years ago
Information system that measures business​ activities, processes that information into​ reports, and communicates the results to
spin [16.1K]

Answer: b

Explanation:

4 0
3 years ago
EA3.
soldier1979 [14.2K]

Answer:

Internal users of accounting information- Management

Employees

External users of accounting information- Investors

Creditors

Customers

Tax authorities

Explanation:

Internal users of accounting information are individuals within an organisation who make use of accounting information.

External users of accounting information are individuals outside an organisation that make use of accounting information. They are the people not employed by the organisation that make use of accounting information.

I hope my answer helps you

4 0
3 years ago
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