Answer:
Store of value.
Explanation:
In economics or financial accounting, money can be defined as any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.
Simply stated, money refers to any asset which can be used to purchase goods and services by customers.
This ultimately implies that, money is any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.
The three (3) main functions of money all over the world are;
I. Medium of exchange.
II. Unit of account.
III. Store of value.
In this scenario, Jeffrey went to a financial manager to begin planning for his son's future by opening a college savings account. Thus, this is is an example of a store of value because the purchasing power was transferred from the present to the future.
In conclusion, money being a store of value makes it possible to transfer purchasing power between traders and buyers from the present to the future.
Answer:
E) -2.50 ; inferior
Explanation:
Before you earned $3,500 per month, you consumed 7 units per month. That means that you consumed 1 unit every $500 earned.
When your income increased to $4,000, you only consumed 5 units per month. That means that your consumption decreased to 1 unit for every $800.
The income elasticity of demand using the midpoint method is calculated by using the following formula:
income elasticity = {change in quantity demanded / [(old quantity + new quantity) / 2]} / {change in income / [(old income + new income) / 2]}
= {-2 / [(7 + 5) / 2]} / {500 / [(3,500 + 4,000) / 2]} = (-2 / 6) / (500 / 3,750) = -0.333 / 0.133 = -2.5
Since the income elasticity of demand is negative, the good X is an inferior good.
On November 23rd, an officer of MNO Corporation wishes to sell stock under Rule 144. MNO has 50,000,000 shares outstanding. The previous weeks' trading volumes are:
Week Ending Volume
Nov 21 : 500,000 shares
Nov 14 : 525,000 shares
Nov 7 : 485,000 shares
Oct 31 : 450,000 shares
Oct 24 : 400,000 shares
If the Form 144 is filed today, the maximum sale is:
Answer:
500,000 shares
Explanation:
Given that: according to rule 144, which enables the sale of the greater of 1% of the outstanding shares or the weekly average of the preceding 4 weeks trading volume every 90 days.
Then, we have 1% of 50,000,000 shares = 500,000 shares. The last 4 weeks' trading volumes are:
500,000 shares
525,000 shares
485,000 shares
450,000 shares
1,960,000 shares / 4 weeks = 490,000 share average
Therefore, the greater amount is 1% of outstanding shares, which is 500,000 shares.
A temporary team formed to solve a problem, realize an opportunity, or design a product or service.
<h3>
What is a task force?</h3>
- A task force is a team of individuals who have been given the temporary assignment to collaborate in order to accomplish a very specific and well-defined goal.
- A temporary team formed to solve a problem, realize an opportunity, or design a product or service.
- For instance, a drug task force operates separately from a police force to deal with concerns pertaining to the production, distribution, and use of illicit narcotics.
<h3>What is collaboration?</h3>
- Collaboration is the process of two or more parties cooperating to carry out a task or realize an objective.
- Cooperation and collaboration are comparable.
- Leadership is a necessary component of most collaborations, albeit it can take the form of social leadership within an egalitarian, decentralized group.
Therefore, the task force is a temporary team formed to solve a problem, realize an opportunity, or design a product or service.
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The activities in a firm that try to identify customer needs and focus the flow of goods or services in the firm in order to meet those needs is called : Marketing
<h3>What is marketing?</h3>
Marketing refers to the process whereby firms promote and sell product or services.
Marketing involves creating awareness to determine if there are sufficient number of people with a significant income to be able to purchase the goods one wishes to sell.
Marketing includes but not limited to :
- Market research
- Product development
- Distribution method
- Advertising
- Sales
Therefore, the activities in a firm that try to identify customer needs and focus the flow of goods or services in the firm in order to meet those needs is called Marketing.
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