Answer:
The correct answer is letter "B": The decisions you make are constantly changing with imperfect information available.
Explanation:
Decision-making is complicated to be made through programmed systems because there are several variables to be considered in the process. The most important is that businesses are subject to <em>changes in the market that can happen suddenly</em>, meaning what could work today might not tomorrow.
Besides, the information entered in the system must be perfect to obtain an accurate outcome. However, decision-making is based on data that can be precise like the information portrayed in the financial books of the firm but<em> if there is a mistake committed, even if minimal, the programmed decision could fail.</em>
Answer:
Annual deposit = $326,265.88
Explanation:
<em>The amount to be set aside annually to accumulate $2.5 million in 7 years time ca n be worked out using the future value of an ordinary annuity formula.</em>
The formula is given as follows:
FV = A×( (1+r)^n - 1)/r).
A= FV/ ((1+r)^n - 1)/r
FV - Future value
A- annual deposit
n- number of years
r- rate of return
FV - $2.5 million
A- ?
n- 7
A=2,500,000 ÷ (1.03^7 - 1)/0.03 = 326,265.88
Annual deposit = $326,265.88
Explanation:
11.
Banks use depositors' money to make loans
12.
A central bank, such as the Federal Reserve in the U.S., will use expansionary monetary to strengthen an economy.
13.
Contractionary policies are macroeconomic tools designed to combat economic distortions caused by an overheating economy.
