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Lady bird [3.3K]
3 years ago
8

In a few sentences, explain what it means to be financially responsible.

Business
1 answer:
Elina [12.6K]3 years ago
8 0
Financially responsible means to be prepared for something unexpectedly like u didn’t know was coming up or was gonna happen and it mean you need be able to support yourself with any source of income.
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What is the basic objective of monetary policy? What are the major strengths of monetary policy? Why is monetary policy easier t
Mars2501 [29]

Answer: The answers to the question are provided below.

Explanation:

The basic objective of the monetary policy is to achieve economic growth, full employment, and price stability in an economy. The major strengths of the monetary policy are its flexibility and speed when compared to fiscal policy. Monetary policy is faster to implement and brings about desired changes faster.

Monetary policy is easier to conduct than fiscal policy because:

• Monetary policy is implemented by independent monetary authorities. Therefore, unpopular decisions such as the increase of interest rates to decrease inflationary pressure can be used.

• Fiscal Policy is the use of taxation and government spending to control economic activities but it is difficult to get a department that is willing to have its spending cut in order to help the economy.

• Increasing taxes will always be unpopular among individuals and firms and increasin corporations and income tax may lead to supply side effects. For example, increasing income tax may lead to the reduction in the incentives to work.

Fiscal and monetary policies are both effective. In a deep recession and a liquidity trap, the fiscal policy can be more effective than the monetary policy because the government creates job, pays for new investment schemes, rather than relying on the use of monetary policy to indirectly motivate businesses to invest. Likewise, the monetary policy is also more flexible and faster.

4 0
3 years ago
Compare and contrast anticipatory and response-based business models. Why has responsiveness become popular in supply chain coll
Anon25 [30]

Answer:

Forecast and planning

Explanation:

An anticipatory model is a model under which market forecast determines the production of products by the manufacturer, and purchases by retailers also determined by forecasts and promotional plans. Since the forecasts are wrong most of the times, anticipatory model usually leads to differences in the actual production of the firms and what they initially planned to produce.  

Anticipatory Model is a risky model because anticipation of future events always determines the work to do by the firm.

On the contrary, the Responsive Business Model does not depend on forecasts, but ensure that what to be done are adequately planned and information among firms in the supply chain are properly exchanged. This makes the model not to be risky and ensure doing more than what has already been planned is avoided. Therefore, the aim of the responsive model which also known as Pull Model is to eliminate reliance on forecast.  

The major reason the Responsive Model has become popular in supply chain collaborations is that it allows for the customization of products on smaller orders by customers.  However, the Anticipatory Model does not give customers any choice or power but to buy or not buy.

4 0
3 years ago
Germans have not been overly receptive to the use of credit cards such as visa or mastercard and installment debt to purchase pr
guapka [62]
<span>Because of a difference in values from American consumers, Germans have not been overly receptive to installment debt to purchase products and services and the use of credit cards such as visa or Mastercard. The German Schuld which means debt also means guilt.</span>

 






7 0
3 years ago
Arnold is the director of an advertising firm. Being the MD, he has the potential or capacity to affect the behavior of his subo
Vsevolod [243]

Answer:

The correct option is A

Explanation:

Arnold has the potential and capacity which means he has the power but instead he chooses to stick to important paperwork which makes him fail in influencing his subordinates.

3 0
3 years ago
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Which of the following statements about the W-2 form is TRUE?
ohaa [14]

Answer:

I believe it it the second option.

Explanation:

8 0
3 years ago
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