The answer is nondiscretionary fiscal policy.
Nondiscretionary fiscal policy refers to measures that are incorporated into the system to automatically provide expansionary or contractionary stimulus. Nondiscretionary fiscal policy, for example, entails government measures that stimulate the economy when it needs it and deflate it when it needs it.
Nondiscretionary fiscal policy refers to numerous continuing government spending and taxing schemes. These are largely for the purpose of sustaining revenue. They are almost never modified. They consist of social security, welfare, and unemployment benefits.
Unemployment benefits are a common example of nondiscretionary fiscal policy. Payments must rise when the number of jobless rises, which occurs during an economic slowdown. When the jobless return to work as the economy improves, the payments must fall.
Therefore, the answer is non-discretionary fiscal policy.
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The leadership style by someone who is status-conscious and procedure-oriented is self-protective.
<h3>What is
leadership style?</h3>
A leadership style means a leader's characteristic behaviors when the person is directing, motivating, guiding, and managing people.
According to the Project GLOBE study, a leader who is status-conscious and procedure-oriented displays is displaying a leadership style known as self-protective.
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Security investments that do not meet both<span> criteria should be classified as long-term. For example, stocks of privately held corporations are likely to have very limited markets, and as the result, such equity investments would not meet the first criterion and should be classified as long-term. Management might not have intent to sell the investment in the near term, and as the result, such an investment should be classified as long-term.</span>
Answer:
In order to find Gillette's value of a share we need to use the multi stage model and find what will its dividend be at the end of the 5th year
The dividend of the first 5 years can be calculated by multiplying the previous one by 1.12
Dividend 1 year from now = 0.65
Dividend 2 years from now= 0.65*1.12=0.728
Dividend 3 years from now=0.728*1.12=0.81536
Dividend 4 years from now= 0.81536*1.12= 0.913203
Dividend 5 years from now=0.91320.*1.12= 1.022788
After this the growth level will be 2% so we can find the 6th years dividend by multiplying 1.022788 by 1.02 and we will get 1.043243
Now we can calculate the share price will be after 5 years by using the DDM
D1/(R-G)
D1= 1.0432
R= 0.08
G= 0.02
1.0432/0.06= 17.38
Now in order to find the current price we need to discount this price to find the present value we can do this by using its cost of capital as the discount rate.
17.38/1.08^5
=12.98735
Explanation:
