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
Vadim26 [7]
3 years ago
14

People go to the bank more frequently to reduce currency holdings when inflation is high. The sacrifice of time and convenience

that is involved in doing that is referred to asa. inflation-induced tax distortion.b. relative-price-variability cost.c. shoeleather cost.d. menu cost
Business
1 answer:
IrinaK [193]3 years ago
6 0

Answer:

c. shoe leather cost.

Explanation:

During times of high inflation, interest rates usually go up. Money in the banks earns higher interest compared to when inflation is low. When the inflation rate is high, the prices of goods and services increase rapidly, resulting in a reduction in currency's purchasing power.

Individuals and firms opt to keep as little cash in hand as possible. Holding a lot of cash at such times is not prudent as banks offer high-interest rates. Keeping cash become costly due to currency depreciation. As firms and households keep most of the money in banks, they incur a lot of transport costs and time going to banks to withdraw cash for normal expenses. The time and transport costs incurred are referred to as shoe leather costs.

You might be interested in
Which of the following statements is/are true regarding a simulation model? It makes decision-making easier. It explicitly incor
Annette [7]

Answer:

It explicitly incorporates uncertainty in one or more input variables.

Explanation:

In simulation analysis we perform 1000's of calculations assigning risk of uncertainty to multiple input variables, as with increased data set the variable tend to increase.

This technique is generally used, for project management and further, decision making in many streams.

Under this probability of different results in the form of outcomes are evaluated.

Therefore, the correct statement is b.

3 0
3 years ago
Chief financial officer Barry submits travel and expense reports that are completely genuine and encourages employees in his div
Scorpion4ik [409]

Answer: A) Leading by example

Explanation:

Leading by example means to act in a way that shows others how to act. Barry has led by example by submitting travel and expense reports that are genuine. This will inspire his employees or subodinates to do same.

Leadership is not about talking the talk, this type of leaders also walks the walk. Leaders expect others to do the right thing by leading from example.

8 0
3 years ago
A certain chicken company decides that it will become the market leader in the poultry business in five years with a 40 percent
Stolb23 [73]

Answer:

The correct answer is letter "E": goal.

Explanation:

Goals represent the objectives companies set to accomplish over a specific period and represent the reason why the firm takes several methodical steps towards achieving that mission. Goals can be <em>quantified </em>and <em>measured </em>to verify inf they are achievable.

5 0
3 years ago
Hanover, inc. purchased land through the issuance of long-term bonds. how is this reported on the statement of cash flows?
avanturin [10]
The purchase of land by Hanover, Inc. through the issuance of long term bonds should be reported on the statement of cash flows as
significant non cash investing and financing activity that merits disclosure.
5 0
3 years ago
How do you apply force field analysis and brainstorming techniques to a complex business
cluponka [151]

Brainstorming is a technique for the decision making, it encourages arguments between the individuals but this sometimes result in conflicts and disagreements.

<h3 /><h3>What is decision making?</h3>

Decision making is the technique in which the decision is decided, according to the situation and after careful analysis of the environment decision is made.

Force Field technique is a decision making technique, in this technique the participants write the decision in the middle of the paper and list the forces that require and resisting changes.

Decision making techniques are important and should be used to make an effective decision, in a complex business it is difficult to apply the technique but it is also important to implement the technique.

Brainstorming is the technique in which all the participants sit together and share their ideas while some challenge the ideas and so a decision with an agreement is made.

Learn more about Decision making at brainly.com/question/27272241

#SPJ1

6 0
2 years ago
Other questions:
  • Farmer and Taylor formed a partnership with capital contributions of $280,000 and $330,000, respectively. Their partnership agre
    9·1 answer
  • A.C. Tech Manufacturing Appliances manufactures three sizes of kitchen​ appliances: small,​ medium, and large. Product informati
    11·1 answer
  • What will happen if a shoe firm sells its shoes at a price lower than the opportunity cost of the inputs used in the production
    10·1 answer
  • Barnes Enterprises has bonds on the market making annual payments, with 14 years to maturity, a par value of $1,000, and a price
    15·1 answer
  • Ambient Management, Inc. was experiencing a gap in the services it was providing. It closed the gap by ensuring that its custome
    8·1 answer
  • In a small closed economy investment is $50 billion and private saving is $45 billion. What are public saving and national savin
    15·1 answer
  • Assume that on September 1, Office Depot had an inventory that included a variety of calculators. The company uses a perpetual i
    13·1 answer
  • On January 2, 20X3, Kean Company purchased a 30 percent interest in Pod Company for $250,000. Pod reported net income of $100,00
    11·1 answer
  • The top five cities where venture capitalists are investing their money represent 10% of the global total.
    9·1 answer
  • Sometimes employees will deliberately overstate the amount of materials and/or labor that should be required to complete a job.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!