Allocator- Price thus serves the function of allocator. First, it allocates goods and services among those who are willing and able to buy them. (As we noted in Chapter 1, the answer to the economic question “For whom to produce?” depends primarily on prices.) Second, price allocates financial resources (sales revenue) among producers according to how well they satisfy customers’ needs. Third, price helps customers to allocate their own financial resources among various want-satisfying products.
Answer:
$845,207.3
Explanation:
Calculation for what dollar amount would DeGraw actually receive after it exchanged yen for U.S. dollars
First step is to calculate the exchange rate of 1 yen for 140.0 yen per dollar and 154.4 yen
Exchange rate of 1 Yen = $1 /140
Exchange rate of 1 Yen= $0.007142858
Exchange rate of 1 Yen = $1 / 154.4
Exchange rate of 1 Yen= $0.006476684
Now since the price for the item bought was 130,500,000 Yen which means that the exchange rate for 1 Yen will be $0.006476684
Now let calculate the dollar amount
Dollar amount=(130,500,000 *$0.006476684) / 1
Dollar amount= $845,207.3
Therefore the dollar amount that DeGraw would actually receive after it exchanged yen for U.S. dollars is $845,207.3
When a patient receives services from a licensed doctors, these services are recorded and assigned codes by the medical coder. ICD codes are used for diagnoses, while CPT codes are used for various treatments. The summary of these services, through these code sets, make up the bill. Medical Claim Billings are rejected when Diagnostic code (ICD-10 code) and procedure code (CPT code) are missing, not complete, or do not match to the treatment given by the physician.
Describing the differences among ethnocentric, polycentric, regiocentric, and geocentric management orientations. We can explain them as follows.
In an ethnocentric management orientation, domestic enterprises or organizations think that their domestic activities or practices within the domestic area influence the domestic market. In this situation, the management teams are frequently transferred from their hometown or place of origin to a new site or a foreign nation.
The approach known as polycentric management orientation is one in which companies and organizations think there is always a distinctive strategy in every global market. This entails hiring and advancing suitable people from the same nation or region that the company works in. It primarily aims to lower hiring costs.
On the other side, the huge multinational firms that tend to construct groups of nations or regions where their branches are located and then develop policies and strategies that would only be relevant in those nations or regions are known as "regiocentric management orientation."
Contrary to the polycentric method, firms and organizations using geocentric management operations hire personnel from all over the world. KFC frequently adopts this stance.
Hence, differences among them have been explained above.
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<span>Knowing
that you are buying one pound of bread is part of your rights as a buyer in the
market. Because first and foremost, you give out your money and you are buying
every crumble of the bread, meaning you already owned it.</span>
