Answer:
A nation's economic system is the combination of policies, laws, and choices made by its government to establish the systems that determine what goods and services are produced and how they are allocated. Economics is the study of how a society uses scarce resources to produce and distribute goods and services.
Answer:
In that case, Patricia:
is still liable to pay the additional 10%.
Explanation:
The 10% price increase was preceded by an agreement between the two parties. Patricia is bound to honor her agreements with her business partner to sustain the business relationship. Refusing to pay a debt just by a change of mind does not repudiate the contract. Nancy can enforce the agreement in the court for specific performance of the contract because this additional agreement simply modifies the earlier contract and remains enforceable.
Answer: When a swap is agreed on by both parties involved, a cash flow of bonds in different currencies are agreed upon to be exchanged.
Explanation:
The cash flows of two bonds in separate currencies are negotiated upon to be traded when a swap is initiated. At the existing spot exchange rate, these bond-like cash flows have the same present value. Evidently, shifts in the exchange rate change the value of one side of the swap relative to the value of the other side of the swap. Furthermore, interest rate rises reduce the present value of currency.
The current value of cash flows is increased by flows and decreases in interest rates. Changes in interest rates and exchange rates thus offer meaning to currency swaps.
One side is triumphant and the other loses. By making the party that lost money in the swap pay this amount to the party that has gained value in the swap, it is possible to close a swap.
Answer:
B
Explanation:
It is not a proactive approach which is defined in the statement. Rather it is a reactive approach because in this the organization is waiting for other factors to play the part and then organization will do action.
The proactive approach will come into action when the organization do necessary action before something happens and affect the organization.
Answer:
d. all of the above
Explanation:
Given that a master budget is a term that describes an extensive financial plan that covers all components of a business firm's actual plan in terms of finances.
Some of the components the master plan covers include production budget, capital expenditures budget, sales budget, budgeted financial statement, etc.
This master budget can be used by firms to formulate their goals.
Hence, in this case, the correct answer is "All of the above." Because it involves all the other options in the question. ( production budget, capital expenditures budget, sales budget)