Answer:
Explanation:
Professors Andrew McAfee and Erik Brynjolfsson of the MIT Sloan School of Management performed a study that proved that corporations that used data driven decision management had a higher productivity (+4%) and higher profits (+6%). This study was made by the two professors and the MIT Center for Digital Business.
They were very clear in specifying that the success of data driven management is based upon the quality of the data gathered and the effectiveness of its interpretation. Not all data gathered is useful for every corporation, so it must be properly analyzed and interpreted.
The board of governors of the federal reserve system. The interest rate that a bank charges another bank for an overnight loan may be referred to as the federal fund rate. In other terms.
It refers to the interest added to any overnight are borrowing or lending of excess reserves by others.The Federal Reserve uses the Federal Fund Rates to help keep inflation under control and promote healthy economic growth.In this situation, where a nation's economy is seeing a strong rise in inflation, I would advise raising the federal funds rate to help rein in the rising inflation rate.The relative abundance or scarcity of reserves at the Federal Reserve is directly tied to both the inflation rate and the Federal Funds Rate.If an economy is going through a sharp and protracted inflationary tendency, I'll suggest the following adjustments.Increase in reserve ratio: I'll do that. Discount percentage: I'll raise the discount percentage.Open market operations: I propose reducing the money supply by increasing the sale of government bonds.
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The real interest rate tell you: C. <span>. how fast the purchasing power of your bank account rises over time
Real interest rates is calculated through nominal interest rate minus the inflation rate. Imvestors often used this type of measurement to make a certain prediction on how much return that they could receive from their investment after considering inflation.</span>
Answer:
This process is known as Benchmarking
Explanation:
Benchmarking is the process of comparing business process and performance to the best practices from the other companies. The dimensions measured and compared are time, quality and cost.
This allows the organizations to improve the projects or plans or adapt the specific best practices with the aim of increasing the performance.