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3 years ago

According to the article, which economic event sparked the decade-long economic crisis?

Business

1 answer:

valentinak56 [21]3 years ago

6 0

A sudden rise in oil prices in 1973 sparked the decade-long economic crisis.

<u>Explanation: </u>

The decision to avoid selling oil to the U.S. as a result of the OPEC oil crisis

The ban was settled on 19 October 1973 by the twelve OPEC leaders. The oil prices increased in the next six months. Even when the blockade ended in March 1974, prices have continued to remain at higher levels.

In 1971 Nixon put a price ceiling on petroleum as oil demand rose and production decreased and foreign oil imports increased as sales were boosted at low prices. US crude oil shipments almost doubled from 1970 to 1973, exceeding 6.2 million each day in 1973.

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Fiscal policy proponents see fiscal as a superior strategy for market corrections.

Arada [10]

Answer: True

Explanation:

Fiscal policy refers to the government suing taxation and spending policies to influence the economy of a country. If the government wants to improve production, they reduce taxes and increase spending and if they want to reduce production, they increase taxes and reduce spending.

Fiscal policy proponents believe that the government is right to use fiscal policy to correct the market because its effect is more direct. John Maynard Keynes was one of the most famous proponent for Fiscal policy.

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4 years ago

Yoko is defining her company's performance evaluation process. Which process requirement would help her organization most effect

Advocard [28]

Answer:

Option E. Ensure that performance standards are not vague.

Explanation:

Option E is correct because if the performance standards are not vague and are realistic then the evaluation will be more fair. It will also not demotivate the employees as they will be accepting what went wrong.

Option A is incorrect because we can use both subjective and objective performance indicators.

Option B is incorrect because ensuring less time to appraise the performance means that the appraiser hasn't acknowledged the full scenario hence the evaluation wasn't fair.

Option C is incorrect because distributive justice must be applied. As it helps in acknowleging what the organization has done wrong with the employees that has resulted in poor performance.

Option D is incorrect because if the performance indicators are not representative of tasks for which the person was accountable then the evaluation is not fair. I will be held accountable for things which I wasn't deligated responsibility. Hence employee must be accountable for the responsibility deligated.

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3 years ago

How will a recession in Japan affect the Singapore's economy, given that Singapore is an important trading partner?

kotykmax [81]

Answer:

The sino-japanese war was fought between Japan and China

Explanation:

........................

8 0

3 years ago

1. Compute the Office Products Division’s ROI for this year. 2. Compute the Office Products Division’s ROI for the new product l

Ghella [55]

Answer:

The complete question have been obtained online and attached below.

Returns on Investment (ROI) is the required Margin of profit the Business owners expect or are getting on their investment in the business.

The higher the returns therefore, the more impressed the business owners will be with the Management team

ROI = operating income divided by operating Assets x 100%

1. ROI for the year = 20%

2. ROI for the new line only = 16%

3. New Office product ROI = 19.2%

4. The manager will reject the proposed new line because it reduces his final ROI to 19.2% which doesn't guarantee him a bonus (I have attached a more detailed response in the attached working files)

5. Headquarters is anxious about the new product line being adopted because it gives an ROI above the business ROI of 15%.

6. Residual income (RI) is the absolute gain the Business has left distributable to shareholders after recognizing the expected Returns on Investment.

It is a gain over and above the ROI the shareholders have tasked the business to deliver.

Residual Income = controllable Margin - (Minimum Rate of return x Operating Assets)

A. RI for the year = $320,000

B. RI for the new line = $40,000

C. RI for the New office product division = $360,000

4. Improved RI is equal to $40,000, thus the Divisional Manager is very likely to approve the adoption of this new line.

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3 years ago

On January 1, 2021, Wetick Optometrists leased diagnostic equipment from Southern Corp., which had purchased the equipment at a

andre [41]

Answer:

Assuming the CPI is 124 at that time, prepare the appropriate journal entries related to the lease for Wetick at December 31, 2018. I think

Explanation:

srry I don't remember the answer but I think is b

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3 years ago