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lesya [120]
4 years ago
5

Mariah Dover cashed her $100 traveler's check in Riga, the capital of Latvia. At the current _____ rate, she received $61.82 in

Latvian currency from the bank teller who took her traveler's check.
Business
1 answer:
DerKrebs [107]4 years ago
7 0

Answer:

current FLOATING EXCHANGE rate

Explanation:

Exchange rate is the rate at which one currency will be exchanged with another. For example, 1 United States Dollar is equivalent to 4.24 Poland Zloty as of March 2020.

There are two common types of exchange rates:

1. Floating exchange rate: This is set by the FOREX market, and is based on the current supply and demand of currencies. When demand for a currency is high, its value increases and vice versa.

2. Fixed exchange rate: A fixed or pegged exchange rate is whereby a government entirely determines the rate and value of the currency.

Generally, a floating exchange rate system is used in the global market. This does not mean countries allow their currencies to fluctuate endlessly. The central bank of a country and it's government does intervene and manipulate the currency to make it favorable for them during international trade but it is done in a more indirect manner as opposed to a fixed exchange rate system.

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The CEO of Mabel Automobiles was the child of parents who had difficulty making enough money to support their family. As a resul
m_a_m_a [10]

Answer:

A. upper-echelons theory

Explanation:

Upper echelons theory postulates that too executives of a company view situations in a highly personalised way that is as a result of their experiences, values, and personalities.

The CEO of Mabel emphasized making affordable, low-maintenance vehicles that could be bought by low-income households.

This decision was as a result of his childhood experience where his parents had difficulty providing money to support the family.

He empathized with low income households, and wanted to provide goods that will help them

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3 years ago
What forces businesses industries and governments to make decisions
Yuliya22 [10]
Businesses and industries need to make decisions to make a profit and to benefit the world.
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3 years ago
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Suppose that in a monopoly market the total cost per week of producing a high tech product is given by C(x) =3600+100x+2x^2.
vazorg [7]

Answer:

10 units;

50 units.

Explanation:

The revenue function is given by the price function multiplied by the number of units sold (x).

R(x) = x*p(x)=500x-2x^2

The break even point occurs when Revenue equals costs:

C(x) =R(x)\\3600+100x+2x^2=500x-2x^2\\4x^2-400x+3600 = 0\\x^2-100x+900=0\\x=\frac{100\pm \sqrt{100^2-(4*900)}}{2}\\x_1=10\\x_2=90

Therefore, the smallest number of units required for the company to break even is 10 units.

Maximum profit will be achieved at that number of units for which the derivate of the profit function is zero:

P(x)=R(x) - C(x) \\P(x)=3600+100x+2x^2-(500x-2x^2)\\\frac{dP(x)}{dx}=0=8x-400\\x=50

The number of units that will give maximum profit is 50.

3 0
3 years ago
When mark buys groceries he prefers certain products simply because the products have a familiar brand name. his preference best
katen-ka-za [31]

When mark buys groceries he prefers certain products simply because the products have a familiar brand name. his preference best illustrates the importance of the mere exposure effect.

One must examine the effects it has to define the mere exposure effect. When you hear music on the radio for the first time and despise it, that is an example of the simple exposure effect. However, after hearing it enough times, you start to like it. You start to think you like the song despite your initial dislike because you start to become more conscious of the tune, lyrics, etc. You might end up liking the song even more in the long run than you did at first.

Simply because you are familiar with something, you tend to like it more, which is the psychological definition of the mere exposure effect, also known as the familiarity principle. This effect can affect how you feel about people, things, songs, TV shows, and pretty much anything else you might encounter repeatedly. The mere exposure effect, which is defined as people liking something more because they are familiar with it rather than for any other compelling reason, is a crucial component.

Learn more about brand name here brainly.com/question/17213306

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5 0
2 years ago
Sue works as a salesperson in a clothing store. She earns $7.25 per hour plus _____, which is based on her sales revenue. a base
mezya [45]
Sue works as a salesperson in a clothing store. She earns $7.25 per hour plus COMMISSION, which is based on her sales revenue.

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1) Gross profit commission - based on gross profit (sales - cost)
2) Revenue Commission  ⇒ Sue's commission
3) Placement Fees - fixed amount on every unit sold
4) Revenue Gates - based on performance
3 0
3 years ago
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