Answer:
A) If there is a sudden spike in the demand for Canadian Whiskey, the demand for Canadian Dollars will shoot upwards in the FX market.
B) When the demand for Canadian dollars does up in the FX market, the forces of demand and supply will force its price to increase in relation to the dollar.
C) If America is not exporting any commodity, or the number of Canadian goods imported into America is less than what it shipped out to them, then there is a trade deficit. Trade deficits if sustained can lead to a weaker currency.
D) Because the export demand for Canadian Whiskey has taken an upward spiral, the number of net exports in Canada will increase. When this happens, the currency is strengthened and so is the Canadian dollar. When the strength of a currency increases, it automatically gives more purchasing power to those holding that currency.
When compared to the U.S. with a consistently lowered net export, the dollar is likely to depreciate in value, thus eroding the spending or purchasing power of the U.S. dollar.
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Answer:
8.88
Explanation:
Data provided in the question:
Initial income, I₁ = $65,000
Initial novel purchased, D₁ = 10
Final income, I₂ = $68,000
Final novel purchased, D₂ = 15
Now,
Tim's income elasticity of demand for novels will be
= 
on substituting the respective values, we get
= 
= [5 ÷ 25] ÷ [3,000 ÷ 133,000 ]
= 0.2 ÷ 0.0225
= 8.88
Answer: Independent bank reconciliations.
Explanation:
A bank reconciliation is a process by which the records of a bank account are verified to be correct, by comparing the personal records with the records that appear on the bank statement. This process is usually done independently when a company wants to audit its accounts and reconcile its processes.
Because this is a review of bank accounts (savings, payroll, checking accounts), no physical control is needed to do it, but rather a monetary control.
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C. A worker who styles hair.
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Answer:
Centralize decision making
Explanation:
From the question we are informed about Rockwood International who needs to make risky decisions on a daily basis. Therefore, its managers are likely to Centralize decision making.
Centralization can be regarded as setup whereby decision-making powers are been concentrated or given to few leaders that are on top of the organizational structure. Decisions making are been carried out at the top then communicated to lower-level managers so that implementation can take place.
