Answer: Balloon Loan
A balloon loan is a type of loan where the final payment is usually much larger than the payment preceding it.
In a balloon loan, the entire loan amount is given to the borrower as soon as the loan is approved and the contract is signed.
The interest falls due and is paid during the life of the loan.
The principal however, is paid as a balloon payment on the final day of the life of the loan.
Answer: The overriding aim in building a management team should be to replace weak executives who lack strong skills in closely supervising the people who work under them
Explanation: The success of an organization is dependent on several factors including the presence of strategic and result oriented executive within its workforce. This is a vital and important aspect of building and organization capable of withstanding the competirmtuve nature of the market. Being strategic requires smartness, knowledge, experience, expertise and skills in other to make proactive suggestions required to execute groundbreaking projects.
Hence, based on the options provided above, the aim of strategic execution should not be focused on replacing executives who are perceived as being weak.
Answer:
The 10,000 units of output that will be supplied by the two firms to the market.
Profit that each firm would earn will be higher than previous.
Explanation:
The firm selling 4,000 units at the price of $10 per unit. If the output is increased to 6,000 units the price will increase to $11 per unit. If the new 6,000 units are produced along with the previous 4,000 units then the total output supplied by the two firms will be 10,000 units (6,000 + 4,000). The supply of goods in the market will increase so price will fall and the revenue for the firms will decline but they can benefit with sales volume and their profit can increase.
Answer:
The correct answer is "Actions intended to make economic outcomes fairer may cause efficiency to decrease"
Explanation:
"Actions intended to make economic outcomes fairer may cause efficiency to decrease"
An equity-efficiency trade-off appears when an increase in the productive efficiency of a market leads to a reduction in its equity.
A clear example of equity-efficiency trade-off is the "fracking" (fuel extract method). The government takes benefits of this because is a more efficient method and is cheaper than the conventional extract method, however, it brings environmental issues, and leads to a reduction in its environmental equity.
