Currency that derives its value from the amount printed on it is known as fiat money.
<h3>What is fiat money?
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Fiat money is currency whose value is not backed up by any asset. The value of fiat money is dependent on the amount printed on it. This differs from representative money whose value depends on the value of the metal from which it is made from.
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Answer:
confirmation bias
Explanation:
Confirmation bias is the tendency to search for, interpret, favor, and recall information in a way that confirms or strengthens one's prior personal beliefs or hypotheses. It is a type of cognitive bias.
Answer: None of the answers
Explanation:
The options to the question are:
A) The control limits are too tight
(B) The control limits are acceptable
(C) The control limits are too loose
(D) None of the answers.
According to the seven run rule, a process is out of control in a control chart in a situation whereby there are seven consecutive data points that all fall on same side of mean. In such case an adjustment has to be made.
In the scenario in the question, none of the answers will be chosen because there has been a violation of the seven run rule as the answers provided are all incorrect.
Answer: 12.6%
Explanation:
From the question, we are told that a consultant firm has been hired by Eco Brothers Inc. to help them estimate the cost of common equity and that the yield on the firm's bonds is 8.75%, while the firm's economists believe that the cost of common can be estimated using a risk premium of 3.85% over a firm's own cost of debt.
The estimate of the firm's cost of common from reinvested earnings will be the addition of the risk free rate and the risk premium. This will be:
= 8.75% + 3.85%
= 12.6%
Answer: Lucy can sue Andrew as she is a donee beneficiary of the contract
Explanation:
From the question, we are told that Susan wanted to give a diamond pendant to Lucy, who is her daughter. Susan then entered into a contract with Andrew, who is a dealer that specializes in diamond jewelry.
Susan had promised to pay him if he delivered the pendant to Lucy but later Andrew withdrew from the contract and Lucy wanted to sue him.
In this case, Lucy cannot sue Andrew because she is a donee beneficiary. It should be noted that as a donee beneficiary of the contract, the will only get the benefit of the contract as a gift but the contract is really between Susan and Andrew. She is not a party to the contract technically.
