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weeeeeb [17]
3 years ago
8

Explain the concept of money​

Business
1 answer:
jarptica [38.1K]3 years ago
4 0

What is the concept of money?

A generally accepted medium for the exchange of goods and services, for measuring value, or for making payments. Many economists consider the amount of money and growth in the amount of money in an economy very influential in determining interest rates, inflation, and the level of economic activity.

How does the concept of money work?

Money is supposed to serve three main purposes: 1) a medium of exchange, 2) a store of value, 3) a unit of account. The exchange value of money equals the amount of goods and services it can be traded for at any given moment, popularly called its purchasing power.

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Answer:

2. housing services enjoyed by homeowners

Explanation:

Imputed value is an estimated value for an object that is uncertain or inaccessible of the actual value.

The largest expense of the GDP accounts is the value of the services offered by the housing of the owner. The imputation is rendered so that the position in GDP of holders of housing is equal to that of tenants who are rent-paying.

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4 years ago
Molly wants to start a new business in collaboration with her husband and sister-in-law. the features she is looking for in the
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The type of business ownership is best suited to her needs limited partnership. Thus option (C) is correct.

<h3>What is Partnership Business?</h3>

A partnership business consists of two or more individuals who pool their resources to create a company and agree to split the risks, rewards, and losses.

Law firms, medical groups, real estate investment firms, and accountancy groups are examples of common partnership businesses.

According to the above, scenario, Molly with her husband and the sister-in- law as partners wanted to start a business. She wants faster decision making, least regulation and ease in doing business.

All the requirement of her matches with the limited partnership type of the business where the liability of all the partners are limited to their amount of investment.

Thus option (C) is correct.

Learn more about partnership here:

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7 0
2 years ago
Two years ago, the de Castellane Manufacturing Company included its employees in a profitsharing plan in which workers receive s
marshall27 [118]

Answer:

A) operant conditioning

Explanation:

Operant conditioning is a method that operates on either reward or punishment of employees behavior and attitude towards the job.

From the companies policy initiative it has created a pay-as-you-work environment for the employees ( i.e. "the more you work the more you get paid" - Reward and "the less you work the less you get paid" - Punishment )

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3 years ago
Consider the influences on selling​ plans, and whether the influence changes supply. A. A change in the quantity of rubber balls
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Answer:

The answer is B. A change in the wage rate of the workers who produce rubber balls changes the quantity supplied of rubber balls.

Explanation

A change in the wage rate of the workers affects cost of production which in turn influences changes supply.

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