Answer:
B. discount rate; federal funds rate
Explanation:
the federal discount rate is the amount the federal reserve charge their members for borrow enough to maintain their required reserve.
While the federal funds rate is the interest on loan between bank or credit unions for short-term loan between themselve, for a day. This are called overnight loans. Must be repaid both, principal and interest at the next day.
Answer:
They are forces of production and social relations of production.
Explanation:
In Marxism and historical materialism the forces of production are a central idea. In the own critique of political economy by Karl Marx and Frederick Engels, it refers to the combination of the means of labor with human labor power.
forces of production is a term used in political economy that refers to the physical means and production techniques to which laborers add value and transform capital into saleable products.
By " relations of production," Marx and Engels meant the total sum of social relationships that people have to enter to survive, produce, and reproduce their means of living...relations can be social ties, economic relationships, or technological relationships.
Over or under application of overhead should be corrected by closing it to Retained Earnings the Cost of goods sold as well Finished goods Work in process.
<h3>What is Retained earnings?</h3>
Retained earnings serves as the cumulative net earnings of a company after the accounting for dividends.
This can be used to correct the Over or under application of overhead.
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Apple's value proposition to customers is specifically the design of its devices, the ease of use of its products, and the aspirational qualities its products offer the user.
<h3>What is meant by value proposition?</h3>
A value proposition is a brief explanation of why a client might select your good or service. It conveys the most obvious advantage that clients get from doing business with you.
Examples of the Best Value Propositions:
- The Best Way to Get Around is Using Uber.
- The Experience Is the Product with the Apple iPhone.
- UnbounceA/B Testing Without Tech Pains:
- Slack: Work Productivity Boost with Less Work.
- Digit: Money Savings Without Having to Think About It
The four different categories of value are financial value, social value, psychological value, and functional value. Not all customers place the same value on different sources of value.
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These deviations are likely to be caused by emotions and it is important to have information about the person you are dealing with to favor your interests and make the best decision.
The Rational Choice Theory states:
- A person will always make decisions to favor himself or herself
- Decisions are based on rational calculations
Despite this, individuals might make irrational decisions if:
- Emotions
- External factors
In the case of Mr. Jones, he makes an irrational decision because by suing Mr. Smith he loses more money. This is likely motivated by emotions such as a desire for justice or a desire to revenge.
Moreover, in this situation, it is shown Mr. Jones does not have enough information about the person he is dealing with (Mr. Smith) and this lack of knowledge does not allow him to make the best decision possible.
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