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marusya05 [52]
3 years ago
10

What is the most common form of business organization

Business
1 answer:
-Dominant- [34]3 years ago
8 0

A sole proprietorship is the most common form of business organization.

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Financial literacy is the knowledge about
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Money. I'm doing the same subject right now. Feel free to message me if you have any questions.

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3 years ago
How many types of management are there in business?
jeka94
There are eight types of management in business. <span />
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3 years ago
Facial expressions aid in all of the following EXCEPT?
Effectus [21]

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Breaking through the stress in the room

4 0
3 years ago
I am an absolute beginner to the job. Whenever I receive an inquiry from a client, my supervisor will text me a price in RMB (Ch
forsale [732]

Answer:

There had been a consensus among economists that the Chinese currency has been undervalued in the 15% to 40% range for many years.1 However, the International Monetary Fund (IMF) stated in the summer of 2015 that the Chinese currency was no longer undervalued against the dollar given its recent appreciation.2

Chinese money, however, comes by two names: the Yuan (CNY) and the people's renminbi (RMB). The distinction is subtle: while renminbi is the official currency of China where it acts as a medium of exchange, the yuan is the unit of account of the country's economic and financial system.

1:02

Yuan Vs RMB: Understanding The Difference

Money As a Medium of Exchange

Money enables anyone who possesses it to participate as an equal market player. When consumers use the money to purchase an item or service, they are effectively making a bid in response to an asking price. This interaction creates order and predictability in the marketplace. Producers know what to produce and how much to charge, while consumers can reliably plan their budgets around predictable and stable pricing models.

When money, as represented by a currency, is no longer viable as a medium of exchange, or if its monetary units can no longer be accurately valued. Consumers lose their ability to plan budgets, and there is no longer a way to gauge supply and demand accurately. In short, market volatility will cause the markets to become chaotic.

Prices are bid up or raised, in response to worries about scarcity and fears of the unknown. Meanwhile, supply diminishes because of hoarding behaviors, coupled with an inability of producers to quickly replenish inventory.

Money as Unit of Account

Unit of account (or numeraire) is an economic term that represents a unit in which prices are measured. A numeraire is usually applied to a single good, which becomes the base value for the entire index or market. By having a numeraire, or base value, it allows us to compare the value of goods against each other. In essence, the numeraire acts as a set standard of value across an exchange.

An example of a numeraire arises when we look at how currencies were valued under the Bretton Woods Agreement and System during the mid-twentieth century. The U.S. dollar (USD) was fixed at $35 per ounce of gold. All other currencies were then priced as either a multiple or a fraction of the dollar.3 In this situation, the USD acted as the de facto benchmark, or numeraire, because it was fixed to the price of gold.

6 0
2 years ago
What concept is associated with the notion that employers can get greater effort from workers by paying them a relatively high,
il63 [147K]

Answer:

The correct answer is letter "B": efficiency wages.

Explanation:

Efficiency wage is the amount of money companies are willing to pay employees that is above the equilibrium wage in order to motivate them to increase the organization's productivity, thus, the firm's profits. This scenario implies that as workers are paid higher the unemployment rate is lower.

3 0
3 years ago
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