B) Strategy formulation and strategy implementation.
It summarizes the process through which companies and organizations sets a list of goals, evaluate strategies, select strategies and implement them for evaluation.
Answer:
Explanation:
Price ceiling is a price regulatory system put in place by the government to check how high the price of a product can be. It is binding when it is set below the equilibrium price consequently leading to shortage of goods , but non binding if set above the equilibrium price since the price can still fall back to the equilibrium.
When shortage arises as a result of price ceiling being set below the equilibrium price , black market is formed to resolved the shortage with price set by supply and demand. Goods will be illegally sold at prices above the price ceiling.
The effect on black market in the short run will not be severe as the as demand and supply are still at the inelastic stage , but becomes severe in the long run due to elastics demand and supply.
Answer: Option (B) is correct.
Explanation:
Given that,
Reserve ratio = 25%
Fed reserve bank sells (securities) to public = $120 million
When a central bank sells the government securities to the public then as a result money supply in an economy decreases. This is an instrument of monetary policy known as " Open market Operations".
The supply of money is directly decreases by $120 million.
and
Money creating potential of banks = Amount of securities × 
= 120 × 
= 120 × 3
= $360 million
Hence, a decrease in money supply could eventually reach a maximum of $360 million.
Answer:
(C) 17.65%
Explanation:
For computing the maximum sales growth rate, first we have to determine the full capacity sales which are shown below:
= Sales value ÷ capacity percentage
= $850 million ÷ 85%
= $1,000 million
Now the maximum sales growth rate would be
= (Full capacity sales - actual sales) ÷ (actual sales)
= ($1,000 million - $850 million) ÷ ($850 million)
= $150 million ÷ $850 million
= 17.65%
It is a false statement that you have to key in the interest rate as a decimal when using the time value of money features of a financial calculator.
<h3>What is the financial calculator?</h3>
It is an essential device that is designed to perform certain equations that a basic calculator can't handle, It is created with stand-alone keys not available on other types of calculators and this allows it to perform more direct calculations.
The time value of money features of a financial calculator entails the 5 major components of time value: namely; rates, time periods, present value, future value, and payments.
However, It is a false statement that you have to key in the interest rate as a decimal when using the time value of money features of a financial calculator.
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