Money serves as a good store of value except when an economy experiences a period of INFLATION.
Answer:
D) 4 billion British pounds
Explanation:
Trade balance or balance of trade can be defined as the difference between a country's export and import at a particular period of time.
It could be a deficit or surplus.
Deficit trade balance refers to when the export of a country is less than it's import. This means more products are imported that exported.
Surplus trade balance refers to when export of a country is more than the import.
Import is the bringing in of goods from a foreign country. This means a particular country purchase goods from another country.
Export is the sending out of goods to a foreign country. That is the selling of goods to another country.
Trade balance= Export- Import
=14 billion British pounds- 10 billion British pounds
=4 billion British pounds
The trade balance that occurs here is surplus trade balance where export is more than import.
The correct answer is Overconfidence bias
Explanation:
Overconfidence bias is the result of an excessive and unrealistic estimation of one's skills, knowledge, ideas, etc even to the point the individual considers himself better than others or does not have an objective perception about himself. This type of bias can lead to negative consequences, for example, by overestimating his ability to pass a test a student might choose not to study at all and then fail the test. Moreover, this can be avoided by assessing realistically one's skills, judgments, etc. According to this, the type of bias that can be avoided is overconfidence bias.
Answer: Options-based planning
Explanation:
The Option based planning is one of the concept that helps in maintain the flexibility of the various types of plans for making the various types of investments.
The main purpose of the option based planning is that it helps in maintaining the slack resources are are specifically used in the for of extra resource for the purpose of adapting the various types of changes and also the problems.
According to the given question, the Douclamp is one of the type of manufacturing company that basically making small level of investments on the iron ore plant.
Therefore, Douclamp is using the options based planning based on the given scenario.
Not knowing there market or customer's needs.
