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Rom4ik [11]
3 years ago
5

I really need help, What are the five foundations? Include purpose/ importance of each step

Business
1 answer:
omeli [17]3 years ago
4 0

Answer:

Management, Operations, Marketing, Accounting, Finance

Explanation:

-Management: planning and knowing your business resources to achieve it's goals

-Operations: The transformation of resources into goods/products, making sure the goods are high quality

-Marketing: Identifies customer's needs, develop and decide the price and quality of products

-Accounting: financial and managerial information. Accountants work to communicate finance information to managers

-Finance: Obtaining and managing a companies funds. Who gets/needs money, and how much do they get

You might be interested in
Typically banks rely on other banks to lend reserves to one another. Which interest rate do they charge for these loans
soldier1979 [14.2K]

Answer:

Federal funds rate

Explanation:

federal funds rate is simply known as the interest rate at which depository financial institutions borrows(lends) funds maintained at the federal reserve to other depository financial institutions usually or Maybe overnight.

It is simply the interest rate that one bank charges another for borrowing money overnight. Its importance is to help banks meet their reserve requirements and prevent bank failure and also may be use to stimulate the economy.

5 0
3 years ago
If GDP is expected to increase at a steady rate of 3% per year, how many years would it take for living standards to double
Troyanec [42]

Answer:

24 years

Explanation:

In a situation where a country GDP which is fully known as GROSS DOMESTIC PRODUCT was been expected to increase or grow at a rate of 3% per year or per annual which means that it will actually takes up to 24 years for a country economy living standard to double .

Therefore the numbers of years it would take for a country living standards to double will be 23 years.

5 0
3 years ago
Beth needs a new roof. She finds Clancy, a roofing contractor, through an ad he posted in the local newspaper. Clancy paid $60 t
BARSIC [14]

Answer:

The transaction costs associated with this exchange are $155

Explanation:

The computation of the transaction cost which is associated with this exchange is shown below:

= Ad charges in the newspaper + law firm write up charges

= $60 + $95

= $155

It includes various cost like - transportation cost, legal fees, communication charges, etc.

The installation of Beth's new roof is not considered in the computation part because it is not an exchange transaction cost. So, this cost is ignored.

6 0
3 years ago
An economy produces apples (in kilos) and computers (in units). The quantities of apples in years 2008, 2009 and 2010 are 500, 5
Fudgin [204]

Answer:

Nominal GDP for year 2010 = $7,650

Explanation:

Nominal GDP measures the market value of all goods and services produced in an economy at current prices, normally in a year. Current prices are the prices of the year I want to know the GDP. In this case, our current prices are 2010 prices. To know the nominal GDP, we must multiply the quantities produced by their current prices:

Nominal GDP= 550*$3+6*$1000=$7,650

3 0
3 years ago
A government agency has assigned a staff member to investigate complaints about employment discrimination at XYZ Corporation. Fo
lapo4ka [179]

Answer:

EEOC

Explanation:

The staff probably work for Equal Employment Opportunity Commission (EEOC), an agency designed to analyse the implementation of federals laws. The agency is liable to visit corporations to investigate the discrepancies, and to ensure that the laws are implemented. They enforced the laws, and investigate the complains of the general public regarding employment discrimination.

5 0
3 years ago
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