Answer: Management
Explanation:
The management is one of the type of organization that manage the various types of business activities for the purpose of achieving the goals and the following are some main function of the management are as follows:
- Controlling the system
- Planning the overall function
- Organizing
According to the given question, the selection of the inventory cost flow in the system by the company then it is known as the management as it handles all the inventory business of the various types of products and the services in the management.
Therefore, Management is the correct answer.
Answer:
D.
Explanation:
Non-Depository financial institutions are those institutions that provide various financial assistance. These institutions serves as an intermediaries between borrowers and savers. It also looks between the two groups. The deposits that they do are not federally insured.
The non-depository financial institutions include commercial banks, credit unions, and saving banks.
Therefore, option D is correct.
Answer:
The correct option here is A) Buying new weights comes under medium of exchange and opting to go for Florida vacation comes under a standard unit of account .
Explanation:
When money is accepted by a seller or producer as a payment for market transaction, then we can say that money is used as a medium of exchange. In this question an example of this is, when Nicholas buys new free weights from the market .
When money is used as a standard of value , which allows for comparison to be made between relative worth of goods and services, then we can say money is used as a standard unit of account . An example of this is Nicholas opting to go on Florida vacation.
Answer:
See below
Explanation:
Specialization means a company or country concentrating on producing few commodities. In practice, a state or company will focus on the products it can produce more efficiently. It means focusing on goods they can manufacture at a lower cost compared to other countries.
The USA can specialize in the goods and services it can produce at a lower cost than other nations. It can then export these products to other countries at competitive prices. For products that are costly to manufacture in the USA, it is prudent to import them from countries that can produce them at lower costs.
Some products manufactured in other countries at a lower cost may be sold in the USA at fair prices than when produced in the USA.
Answer:
The probability of no survive by the complement rule is
And the expected value would be given by:
So then the company would expect a net amount of 118.621 for the insurance.
Explanation:
Previous concepts
The expected value of a random variable X is the n-th moment about zero of a probability density function f(x) if X is continuous, or the weighted average for a discrete probability distribution, if X is discrete.
The expected value is defined by this formula:
Where represent the possible values for the random variable and the corresponding probabilities.
Solution to the problem
For this case we define X a random variable who represent the net amount of money for the company.
The probability of no survive by the complement rule is
And the expected value would be given by:
So then the company would expect a net amount of 118.621 for the insurance.