1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
serg [7]
2 years ago
11

Tony is facing a financial crisis in his business. Instead of applying for a loan from a commercial bank, he takes a loan from t

he cooperative that he partly owns with some of his friends. This cooperative acts as a depository institution where all the members deposit their savings on a higher interest rate than that offered by commercial banks. Being a member of this cooperative, he gets the advantage of being charged lower interest rate on his loan. Based on the information given in the scenario, the cooperative owned by Tony and his friends exemplifies a(n) _____.
Business
1 answer:
Paraphin [41]2 years ago
7 0

Answer:

credit union

Explanation:

A credit union can be regarded as

not-for-profit financial institution which is under control of the members who has money deposited in it. It doesn't maximize profit but rather give back favorable interest rates to it's members as profit.

You might be interested in
Transcultural global ethics always maintains the value of human rights. Have Google’s operations been consistent with the value
sp2606 [1]
Many activists and watchdogs argue that Google has not always done enough to promote or even protect human rights around the world. This is usually the result of efforts by Google to market its search engine in nations like China, where the state has an interest in maintaining censorship of search results. The project, known as Dragonfly, was recently abandoned by Google.

In recent years, Google was among the companies that faced criticism for marketing an app that allowed men in Saudi Arabia to track the locations of their wives by using their cell phones. This was seen as an affront to women's rights, and the company withdrew the product after criticism from the media and shareholders. Google's interest in artificial intelligence has also led to criticism about its commitment to ethical practices and to human rights.

At the same time, there is no doubt that Google has expanded people's access to information and to many other online services around the world. It has made several global public statements against censorship. Its most vocal critics, indeed, have pointed to its previous stands for free access to information in pointing out the hypocrisy of Dragonfly and other ventures.
4 0
3 years ago
A bond had a price of $946.72 at the beginning of the year and a price of $983.73 at the end of the year. The bond's par value i
umka21 [38]

Answer:

it can will be something 11.04%

8 0
3 years ago
What type of rule defines how much time can pass between an illegal act and when an individual is prosecuted for that act?
Anton [14]

Answer: Statue of limitations is the correct answer

3 0
2 years ago
Corner offices in high-rise office buildings usually cost more to rent than other offices. This BEST illustrates the economic co
Neporo4naja [7]

The best illustration of the economic concept is scarcity. Thus the correct option is (C).

<h3>What is Scarcity?</h3>

Scarcity refers to the limited or the shortage of the natural resources in the particular region. It is an economic concept which defines that there is the shortage to the infinite needs of the human beings because resources are finite.

According to the illustration the corner offices in the high rise building has the high rent because of the limited number of the high rise offices and the huge demand of the location.

Thus the correct option is (C).

Learn more about economic concept  here:

brainly.com/question/927463

#SPJ1

7 0
1 year ago
A company with more production power than is generally utilized for its current production activity can benefit from entering th
Liula [17]

Answer:

a. The company can utilize production facilities to produce greater volumes to meet demand from a larger market, leading to higher productivity, lower cost and greater profitability.

Explanation:

Options are <em>"a. the company can utilize its production facilities to produce greater volumes to meet demand from a larger market, leading to higher productivity, tower cost and greater profitability. b. it will lead to a lower sales volume, which enables the company to free up more production power and require fewer employees. c. it will lead to a lower sales volume, which will reduce production costs and lead to greater production power. d. It will lead to a lower sales volume which means using less production power, enabling employees to have more time to participate in a learning environment."</em>

<em />

The question here is how the company will benefit by entering global market. And to enter global market, the company must produce larger volumes. So, the options B, C,& D are not correct. Because the company is looking to produce more and utilize its production capacity to the full to increase the profits by decreasing the costs (economies of scale). Thus, option A is correct.

6 0
3 years ago
Other questions:
  • Investigating communication in the workplace by finding optimal ways to set up a communication network system for employees who
    10·1 answer
  • A taxpayer with qualified business income who is a patron of an agricultural cooperative will use what form to calculate the qua
    7·1 answer
  • An investment portfolio contains stocks of a large number of corporations. Over the last year the rates of return on these corpo
    9·1 answer
  • The collaborative approach to conflict resolution encourages trust and assertive behaviors, fosters empowerment, and works best
    6·1 answer
  • operation, 2,300 units were produced and 1,800 units were sold. Actual fixed costs are the same as the amount budgeted for the m
    12·2 answers
  • If you choose a Roth IRA, how much income will you pay taxes on?
    12·1 answer
  • What is the meaning of 50k in 2018?
    14·2 answers
  • Admire County Bank agrees to lend Sheridan Brick Company $594000 on January 1. Sheridan Brick Company signs a $594000, 8%, 9-mon
    15·1 answer
  • When using the process of shared decision-making, what strategy should families be sure to include? A. criticism of others’ idea
    12·2 answers
  • You will have $____ in six years if you set aside $5,000 at 8%. (use the future value tables from chapter 5.)
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!