Answer:
$106.17
Explanation:
Data provided in the question:
Amount received i.e the Principle amount = $100
Time for which money is kept in savings account, n = 12 months
Interest paid per month by the bank , r = 0.5% monthly
Now,
Future value = principle × ( 1 + r )ⁿ
or
Future value = $100 × ( 1 + 0.005 )¹²
or
Future value = $106.17
Answer:
A) The policy would provide a maximum of $100,000 for each person who was injured, and no more than $300,000 for total injuries of all parties in the accident.
Explanation:
The auto liability insurance policy held by the driver is an example of a split limit liability insurance. The split limit insurance of 100/300/50 is explained thus:
$100,000 - bodily injury liability insurance per person
$300,000 - Total bodily injury liability insurance per accident
$50,000 - Property damage liability per accident.
Answer:
The answer is question marks
Explanation:
Boston Consulting Group (BCG) growth-share matrix are grouped into four:
Star
Question mark
Cash cows
Dogs.
Question mark, which is of interest to us in this question requires much closer consideration. They are growing rapidly and as a result consume large amounts of money.They have low market shares but have potential to gain market share and become stars and eventually cash cows when market growth slows At that stage(question marks), they do not generate much cash.
They are a starting point for most businesses.
The CEO was most likely referring to the following efforts : <u>d) a distribution center established in London to preempt the growth of a British car manufacturer</u>.
<u>Explanation</u>:
The company establishing its trade and investment activities across the national borders is known as international business.
The following are some of the factors of production:
i) Manufacturing infrastructure
ii) Technology
iii) Managerial talent
It is important for a company to take more effort and establish its distribution center overseas to confront the international competitors. In the above scenario, the CEO decided to establish his distribution center in London to block the growth of a British car manufacturer.
Answer:
false
Explanation:
A price floor is when the government or an agency of the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price
A country is in a recession when the GDP for 2 consecutive quarters is negative.
A binding price floor depends if it is above or below equilibrium