Terrence should be concerned about groupthink.
- Groupthink refers to the common opinion or group consensus suppresses people's ability to provide alternative solutions to the problem as a result all the members of the group agree on the same conclusion.
- The desire to promote group cohesion and deduction of common conclusion to a problem negatively affects the promotion of thinking abilities, good decision making abilities, and problem solving abilities of group mates.
- When a team mates derive a common conclusion without an elaborate discussion or with a little discussion. It is indicative of problem of groupthink.
Hence, Terrence should be concerned about groupthink as the team agree on most decisions with little discussion.
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Answer:
b. The demand curve does not reflect the value to society of the good.
Explanation:
An externality is a financial term alluding to an expense or advantage caused or got by an outsider. Nonetheless, the outsider has no power over the making of that cost or advantage.
An externality can either be positive or negative which can be caused by either production or consumption of a good or service. The cost or the benefit can affect an individual or a society as a whole. A typical example of a negative externality is pollution which can cause negative cost to a third party in terms of health expenses. An example of a positive externality on the other hand is when a well educated labor force increase their productivity.
The government and local authorities can control negative externality by imposing taxes and regulation of these products. The government can also overcome negative externality by imposing subsidies on the goods that improve positive externality.
The demand curve however does not reflect the value to society of the good. It only reflects the relationship between the price and the quantity of goods consumed.
Answer:
1. Cash at December 31, 2017 is $413,000.
Explanation:
As per IAS-7, which deals with the Statement of Cash Flow, the year end Cash balance should be calculated as follows under indirect method:
Cash opening balance
Add: Net cash provided by operating activites
Less: Net cash used by investing activities
Add: Net cash provided by financing activities
Note: The terms "Provided" and "Used" are the basis of addition and subtraction.
<u>Calculation</u>
300,000 + 486,000 - 932,000 + 559,000 = $413,000.
Answer:
The FED must decrease the price of money (or interest rates), and to do that it will buy US securities. By purchasing securities, the FED will decrease the money supply, lower the interest rates and halt inflation. This is called a contractionary monetary policy.
It can also increase the banking system's required reserve ratio, but besides lowering the interest rates, it will also decrease the supply of credit cards even further, so one action could offset the other. That is why this policy might be inefficient in this specific case.
Answer:
The consumer price index for February is 122.85
Explanation:
Consumer price index: It shows a change in prices for different years in different products and service.
In this question, we use the formula of Consumer price index which is shown below
= Good and services spend on February month ÷ Good and services spends on January month × 100
= $4,300 ÷ $3,500 × 100
= 1.2285 × 100
=122.85
In the question, it is given that take the January month as the base year so we do the same.
Hence, the consumer price index for February is 122.85
