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borishaifa [10]
3 years ago
6

Historically, ____ responsibility means making a profit by producing a product valued by society. It has been the most basic soc

ial responsibility of a business.
a. discretionary
b. ethical
c. legal
d. fiscal E.economic
Business
1 answer:
Ray Of Light [21]3 years ago
5 0
<span>The answer to the question is letter E. economic.
</span>Historically, economic responsibility means making a profit by producing a product valued by society. It has been the most basic social responsibility of a <span>business.</span>
Economic responsibility is one of the common social responsibility to ensure that we are profitable while providing value to our stakeholders.
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In an effort to address the troubled economy, ..."For the ninth time in just over a year, the Federal Reserve is expected to cut
Georgia [21]

Answer:

decrease bank reserves; decrease the exchange rate and real GDP

Explanation:

The Federal reserve uses various monetary policies to regulate cash flow in the economy with a view of managing various indices like inflation, GDP, deflation, and so on.

Interest rate is one of the monetary policies that can be used to.vonttol the economy.

When interest rate is high cost of borrowing cash from commercial banks will be high so people are discouraged from borrowing. There is higher reserve in banks, and cash flow is restricted.

However in a situation where the economy is troubled the Federal Reserve will reduce interest rate.

This results in cheaper cost of borrowing funds, commercial bank reserves will reduce because of increased outward flow of cash.

As the cash in the economy is in excess the rate at which it exchanges for foreign currencies will fall.

This in turn results in more money being spent on foreign goods and will reduce real GDP

8 0
3 years ago
Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for 2020
elena-14-01-66 [18.8K]

Answer and Explanation:

The computation is shown below:-

1. Current ratio is

= Current Assets ÷ Current Liabilities

= $7,860 ÷ $3,930

= 2

2. Current cash debt coverage is

= Net Cash Provided by Operating Activities ÷ Average Current Liabilities

Average Current Liabilities = ($3,930 + $3,122) ÷ 2

= $3,526

Current Cash Debt Coverage Ratio = $1,251 ÷ $3,526

= 25.48%

3. Accounts receivable turnover is

= Net Credit Sales ÷ Average Accounts Receivables

= $8,258 ÷ (($4,000 + $3,800) ÷ 2)

= $8,258 ÷ $3,900

= 2.12 times

4. Average collection period is

= 365 ÷ Account Receivable Turnover

= 365 ÷ 2.12

= 172.17

5. Inventory Turnover is

= Cost of Goods Sold ÷ Average Inventory

= $5,328 ÷ ((1,800 + 1,800) ÷ 2

= $5,328 ÷ 1,800

= 2.96

6. Days in Inventory is

= 365 ÷ Inventory Turnover Ratio

= 365 ÷ 2.96

= 123.31 days

7 0
3 years ago
The costs incurred by a business in an effort to avoid bankruptcy are classified as _____ costs. Flotation Direct bankruptcy Ind
poizon [28]

Answer:

The correct answer is indirect bankruptcy costs.

Explanation:

Indirect costs are considered to be damage to the image and reputation of the company, lost investment opportunities, credit restrictions, conflicts with suppliers, loss of sales, conflicts with workers. Indirect costs are usually much higher than direct costs.

6 0
4 years ago
1. Rank the following assets from the lowest level to the highest level of
Korolek [52]

Answer:

Explanation:

Of transaction cost

b. a share of a highly diversified mutual fund, which can be quickly sold

c. a share of the family business, which can be sold only if you find a buyer and all other family members agree to the sale

a. a bank deposit with a guaranteed interest rate

RISK

c. a share of the family business, which can be sold only if you find a buyer and all other family members agree to the sale

b. a share of a highly diversified mutual fund, which can be quickly sold

a. a bank deposit with a guaranteed interest rate

LIQUIDITY

a. a bank deposit with a guaranteed interest rate

b. a share of a highly diversified mutual fund, which can be quickly sold

c. a share of the family business, which can be sold only if you find a buyer and all other family members agree to the sale

7 0
3 years ago
What is CRM software designed to do ?
Rina8888 [55]
CRM software is designed to help business meet overall goals of customer relationship management. However this software is sometimes used to manage business contacts, clients, and contract wins and sales leads.
3 0
3 years ago
Read 2 more answers
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