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4 years ago

Cancelling a dance class after several students hurt themselves is an example of which risk management strategy?

1 answer:

8 0

Avoid - switch the plans to circumvent problem
<span>Mitigate - Reduces impact or likelihood </span>
<span>Accept - Take the chance of bad impact </span>
<span>Transfer - Outsource Risk (Insurance etc) </span>

<span>In this case, the risk was avoided since the classes were cancelled.</span>

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DISCUSS WHY WE NEED BANKS IN THE FINANCIAL SYSTEM?

zheka24 [161]

Answer:

Because they play a role in the transmission of monetary policy and are one of the government's best tools for gaining economic growth without inflation.

<h3>What is a financial system?</h3>

The financial system is the process by which funds are transferred between those having excess funds(savers) and those needing additional funds(users).

<h3>What are banks?</h3>

A financial establishment that invests money deposited by customers, pays it out when required, makes loans at interest, and exchanges currency. The main function of commercial banks is to accept deposits and then to lend the same money (minus required reserves) back out. Banks make a profit by charging a higher interest rate on loans than the interest rate they pay on deposits. Through the loan process, banks are actually able to create money.

<h3>What is Monetary Policy?</h3>

Monetary Policy is regulating the money supply, controlling inflation/deflation, adjusting the interest rates to regulate the economy, the cost of money, and adjusting the band<u> reserve requirements</u>.

<h3>What is inflation?</h3>

Inflation is a sustained rise in the general price level in an economy over time. This does not mean that the price of every good and service increases, but on average the prices are rising. Therefore constitutes a reduction in purchasing power, where <u>GDP remains constant.</u>

<h3>So in the end, why are banks so important to the financial system and overall, the economy of America?</h3>

A well-functioning financial system is critical to the contemporary economy, and banks play critical roles in society. As a result, they must be safe. In both up and down markets, banks should be able to lend money to people and companies. Payments for products and services should also be completed quickly, securely, and affordably. If banks fail to carry out these responsibilities, the ramifications for the entire economy might swiftly grow so widespread that even the financial sector would be vulnerable to significant shocks. As a result, banks must be able to withstand losses while still meeting their present <u>payment obligations</u>. To do so, banks must adhere to <u>stringent regulatory restrictions</u>. The capital and liquidity (<u>money that can be paid quickly</u>) criteria that banks must fulfill in order to meet their present <em>payment obligations are among them</em>. The banks' internal payment systems must be safe and efficient as well.

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2 years ago

You are the financial analyst at Sew Mart, an arts and crafts retail store. Your boss has asked you to review the company's fina

mario62 [17]

Answer:

1. It has worsened

2. Yes (refer details below)

3. Refer details below

Explanation:

1. Performance

The performance of the company over the last three years has worsened as indicated by declining sales and decreasing current ratios impacting profitability and liquidity of the company.

2. Concerns

One of the most important concern for the company is its declining sales. It shows that the products are not competitive. Current ratios indicates liquidity crisis since they are decreasing.

3. Recommendations

The company's turnover ratio is high, which may indicates payments are being received timely, and hence the co. should take advantage of that

Low inventory turnover, on the other hand, indicates weaker sales and declining demand for a company’s products which is corroborated by the declining sales trend, the co. must increase its sales, launch new products, advertise aggressively.

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4 years ago

Why do you think we "ignore" taxes (like sales and property tax) that fund things we really "like," and instead focus on federal

aivan3 [116]

I think we ignore taxes like sales and property and fund things we really like because if money is put into places that consumers are going to spend money, the government ends up making more long term. Although, the money is then sometimes spent where people don't always agree, it still allows for more money to be generated overtime.

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3 years ago

Why do political parties create platforms? How are platforms useful to voters?

telo118 [61]

Political parties create platforms in order for them to create methods to resolve various issues in society. These platforms are very useful for voters as it gives them an idea on how it will help them further in various aspects - ranging from resolving violence to the point of equaling their rights.

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4 years ago

Read 2 more answers

What is the proper name for prospective financial statements that present, to the best of the responsible party's knowledge and

Natali5045456 [20]

Answer:

The correct answer is "Financial forecast"

Explanation:

Financial forecast: "Prospective financial statements that present, to the best of the responsible party's knowledge and belief, a company’s expected financial position, results of operations, and cash flows".

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3 years ago