Answer:
"Try something and if it doesn't work, admit it and try something else."
Explanation:
When I took US Government, my teacher always emphasized that FDR was probably the best American President, and things like this really show why he admired him so much. Can you imagine those words coming out of the mouth of a modern politician?
Many people like to compare President Obama's first term with FDR's first term, but I believe that Obama had it easier. Not because the recession wasn't bad, but because it was fresh and new. President Bush's handling of the crisis was disastrous, but they messed up only for about one year. When FDR took office, the depression had been around for several years, so the negative effects were much greater.
When FDR took office the country was ravaged and nobody was sure that the new policies would work or not, or even what policies they should have implemented. That is why they engaged in a trial and error type of strategy where several options were explored to try to see what could work and what couldn't.
Answer:
a. Write a function that determines the investment's value (in dollars) in terms of the number of years t since the investment was made: 13,000 * (1 + 0.0236/12)^(12t) = 13,000 * 1.001967^12t
b. The investment's value after 20 years: $20,833.58
c. How long it will take for the investment's value to double: 352.8 months or 29.4 years.
Explanation:
a. As the interest rate is 2.36% APR compounded monthly, the monthly interest rate is 2.36%/12 and the Effective annual rate of is ( 1 + 0.0236/12)^12 - 1
=> After t years of investment, the value of the account is decided by the function: Interest receipt + Initial investment = Initial investment * [ ( 1 + 0.0236/12)^(12t) - 1 ] + Initial investment = Initial investment * 1.001967^12t = 13,000 * 1.001967^12t
b. Apply the function above, we have: The investment's value after 20 years = 13,000 * 1.001967^12*20 = 20,833.58
c. The investment's value is double means: 1.001967^12t = 2 <=> 12t = 352.8
<=> t = 29.4 => it will take for the investment's value to double: 352.8 months or 29.4 years.
Answer:
The correct answer is the option B: top management can concentrate on issues such as overall strategy, lower-level managers have low motivation and job satisfacttion due to increased responsibility changes in the operating environment can be responded to rapidly lower-level managers are trained for higher positions.
Explanation:
To begin with, the fact that a organization is decentralized means that the decision making process tends to be more cooperative between the different members of the different levels of the organization and also that they tend to decide for they own area. Therefore that it also means that top management can concentrate on issues such as overall strategy and that the lower-level managers can be trained for higher positions when there are changes in the operating environment in order to establish a better organization.
Answer:
buyer; seller
Explanation:
A "debit memorandum" is also known as a "debit memo." It is often a notification to the buyer or customer that <em>debit adjustments</em> were made to their bank accounts.
However, if the buyer returns the goods to the seller due to any reasons (such as damaged goods or incorrect goods), the buyer issues the debit memo. This will notify the seller that a debit has been made to his account in the buyer's records. It also means that <em>the buyer is requesting for a return of funds from the seller.</em>
So, this explains the answer.