One benefit of strategic planning is that it enables the most effective use of the organization's resources by focusing them on agreed-on key priorities.
This is further explained below.
What is strategic planning?Generally, Strategic planning is a process by which the leaders of an organization outline their vision for the future of their business and determine the aims and objectives of their organization.
In conclusion,The process involves determining the order in which those objectives should be accomplished in order for the company to fulfill the vision it has articulated for itself.
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there are many reasons why someone could benefit from studying marketing. which one of the following statements relates to the activities of marketing and how marketing enables businesses to contribute to the objectives of growth, profitability, and survival?
Correct reply is Marketing plays an necessary function in society. Marketing refers to activities a enterprise undertakes to promote the shopping for or promoting of a product or service.
Marketing includes advertising, selling, and turning in products to shoppers or different businesses. Some marketing is finished by associates on behalf of a company.
What is advertising provide an explanation for with an example?It is, in short, an motion taken to deliver interest to a business' offerings; they can be physical items for sale or services offered.
Common examples of advertising at work encompass television commercials, billboards on the facet of the road, and magazine advertisements.
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https://brainly.com/question/25369230#SPJ4When demand is relatively price , the coefficient for the price elasticity of demand will be less than one.
When demand is relatively price inelastic, the coefficient for the price elasticity of demand will be less than one.
How are demand and price related to ach other?
The law of supply and demand is an economic theory that explains how supply and demand are related and how this relationship affects the price of goods and services.
A basic economic principle is that when supply exceeds demand for a good or service, prices fall. When demand exceeds supply, prices tend to rise.If demand does not change, there is an inverse relationship between supply and prices of goods and services.If the supply of goods and services increases while demand remains the same, prices tend to fall to a lower equilibrium price and a higher equilibrium quantity of goods and services.If the supply of goods and services falls while the demand remains the same, prices tend to rise to a higher equilibrium price and a lower quantity of goods and services.To learn more about law of supply, refer to:
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give three examples of how an organization’s previous technology investments or experiences can affect decisions concerning the design of a new product, service, or other development efforts.
Technological change can bring benefits and opportunities to businesses. Clearly, new technologies create new products and services, creating entirely new markets for Investments. In addition, technological product and process improvements increase productivity and reduce costs.
1. Developers and other support personnel trained in specific technologies.
2. Investments in specific hardware or operating systems.
3. Organizations can invest in internally developed frameworks and reuse them in new developments.
This includes communicating, storing, and retrieving information. In general, technology can be used to improve teaching and learning, make administrative processes more efficient and effective, discover knowledge, and improve access to information.
Three specific aspects of the organizational environment are affected by technological change. The level of market competition and uncertainty will increase. The diversity and quality of the organization's products and services are required. and Foreign Policy and Legislative Reform
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environmental scanning is the process of gathering information about events and their relationships within an organization's internal and external environments. the basic purpose of environmental scanning is to help management determine the future direction of the organization and to identify opportunities and threats.
True. An organization's internal and external environments are surveyed as part of the environmental scanning process. The main goal of environmental scanning is to assist management in deciding the organization's future course and in identifying opportunities and risks.
What is Environmental Scanning?Reviewing external sources to identify elements that affect a firm is known as environmental scanning. Finding and consulting outside sources is the key objective. Although from a business's point of view these sources cannot be controlled, it is crucial to take them into account when making decisions. SWOT analysis is a well-liked technique for environmental scanning.
The words Strengths, Weaknesses, Opportunities, and Threats each stand for a different area to be examined. While the company's internal resources are its strengths and prospects, external sources are its weaknesses and threats. Companies invest time and resources into environmental scans, and they want the results to be as thorough as they can make them.
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e software/system that helps make sure the retail firm doesn’t have a stockout is: multiple choice enterprise systems. human resource systems. customer relationship management software. supply chain management software.
e software/system that helps make sure the retail firm doesn’t have a stockout is: Supply Chain Management Software
What is Supply Chain Management Software?
Supply-chain-management computer program (SCMS) is the computer program apparatuses or modules utilized in executing supply chain exchanges, overseeing provider relationships and controlling related business processes. Supply chain management maximizes the efficiency of trade exercises that include planning and management of the complete supply chain. It helps businesses in product improvement, sourcing, generation, and logistics by automating operations. In this way, it increments the physical stream of trade as well as the informative flow. The whole business benefits with higher execution, greater cost-efficiency, and in this way expanded supply chain effectiveness.
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A company that is organized by both product and function is using ________ organization. a. flat b. hierarchical c. market d. matrix please select the best answer from the choices provided a b c d
A corporation that uses matrix organization is structured around both products and functions.
To help you better grasp what a matrix organization is, let me first define it as a business structure that uses a grid to organize reporting connections. Instead of the usual hierarchy used by the majority of businesses, a matrix or grid is essentially used to express this. An employee must report twice, once to the product manager and once to the function manager or department. Your company may become more adaptable, nimble, and able to change more rapidly thanks to the matrix organizational structure, but implementing it successfully requires more than just developing a new organizational chart. It undoubtedly has its share of difficulties, but you can get through them and make the most of them. Texas Instruments, Phillips, Caterpillar, and other well-known companies that have adopted a matrix organizational structure have all done so at some point. The structure, nevertheless, appears to have gained greater traction in the 1970s before being seen as diluted and convoluted in the 1980s.Know more about matrix organization:
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For a customer of Lush, how will their MVV translate to your experience?
For an employee of Lush, for example a shop worker – how might the companies MVV affect your working life, your daily experience and your perspective of the business?
When bread is baked but put away for later sale, this is called? investment in inventory. waste. saving. fixed investment.
When bread is baked but put away for later sale, this is called investment in inventory.
What is meant by Investment in terms of Inventory ?
An economy's shift in inventory levels from one time period to the next is measured by inventory investment. Since they frequently correlate with the amount of the gross domestic product in an economy, economists keep a close eye on these numbers. Inventory investment is categorized as positive if inventory levels increase over time, and as negative if they decrease. Despite its limitations, this assessment is frequently a reliable predictor of an economy's future course.
An economy's overall performance can frequently be predicted by the quantity of inventory investment. For instance, during recessions, inventory levels frequently decrease as a result of businesses cutting costs and adapting to a drop in product demand.
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Restrictions imposed by the government, such as export quotas on certain products, are a part of the ________ environment of the pestel framework.
Restrictions imposed by the government, such as export quotas on certain products, are a part of the political environment of the pestel framework.
The political environment includes political conditions such as the overall stability and peace of the country and the elected government's attitudes towards business. A stable political system can make business-friendly decisions that encourage local businesses and attract foreign investors.
The political environment is the public and private stakeholders that operate, interact with or influence the state, government, and its agencies and laws and systems. For companies to be successful, the political climate needs to be good and very stable.
The social and political environment analyzes the social importance and legitimacy of an economy and defines its rights, obligations, and goals. She sees leadership as a political endeavor in the artistic sense of working towards a fair design of things in an organization and its environment.
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Taylor started a small business a little less than 10 years ago. The business employed several social workers and nurses that visited and cared for persons who had left hospital care, but were not quite ready to be on their own at home. As the ceo of the firm, taylor decided it was time to hire a business operations manager and a marketing manager to handle the details of the business. Which function of management was taylor primarily performing?.
Taylor, CEO of the company, thought it was time to appoint a marketing manager and a manager of business operations to handle the operational aspects of the company/organization. While performing this she was primarily performing the organizing function of management of the organization.
What is management?Management is the administration of an organization/company, whether it is a business, a non-profit organization, or a government body or a firm.
Management function is the process of organizing, managing, directing, planning, and overseeing the work of organizational members or staff as well as the management of organizational resources in order to achieve certain targeted goals.
Organizing (management) of business, is the process of matching task objectives and actions to available/present resources. Communities get together to work in their common self-interest through community of the organization. It is a sector of the economy where centered on developing systems of organization for both individuals and corporations as well.
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if a grocery store imposes slotting allowances from manufacturers, this interferes with customers' right to blank . multiple choice question. choose be heard safety be informed
If a grocery store imposes slotting allowances from manufacturers, this interferes with customers' choices, Option B.
Depending on your allowance, we can claim benefits 0-3 on your 2019 W4 IRS form.
In general, the more deductions you claim, the less tax you will be deducted from each paycheck. The fewer benefits you claim, the greater the withholding amount you may be refunded.
An allowance is a portion of something given to a person, usually related to money or goods in exchange for services. An example of pocket money is the money parents give their children each week to do household chores. Some, especially money. The
Withholding Deduction allowance the amount of income tax withheld from an employee's salary. The employee files her IRS Form W-4 to report benefits withheld. Once you know your employee's withholding tax, you can use the PayScale Act to calculate your federal income tax.
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Accountants refer to an economic event as a
a. Purchase.
b. Sale.
. Transaction
d. Change in ownership.
Accountants refer to the economic event as a transaction.
Accounting is referred to a broad area, as it is the process of summarizing, analyzing, and reporting transactions occurring in the normal operations of the company. Thus, an Accountant helps the businesses in order to make the critical financial decisions by tracking, collecting, and correcting the company's finances.
Whereas, the transactions are the deliberate acts performed by the business entities. So in accounting, all the transactions are recorded, as and when they take place. Here only those events are recorded in the books of accounts which are considered of financial in nature.
Hence, option C is correct.
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In industries like consulting, advertising, and tax preparation, clients tend to be very loyal to individual professionals employed by a firm, instead of to the firm itself. This enhances employee.
In industries like consulting, advertising, and tax preparation, clients tend to be very loyal to individual professionals employed by a firm, instead of to the firm itself. This enhances employee bargaining power.
Bargaining Power is the ability for the firms or the firms workers to get whatever they want. A common example of bargaining power is related to the power of trades unions.
If a part-time worker works for a firm with his monopsony power, he will have very low bargaining power.
However, if workers will join a trade union and achieve 100% density that means everyone in the firm joins the trade union then they will have the capacity to influence the wage making process.
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Please answer dis properly in your own words!!!
For every hour you practice basketball, you gain in skill and increase your chances of making the team. However, each hour you practice is an hour you could have spent working at an after-school job in a UAE company to save for a car or college or something else you want. Which will you do basketball practice or after-school job? Construct a decision making grid that analyzes the potential choices of attending practice at an after-school job. Which option would you choose. (the middle column might be amount of money earned, for example, based on an hourly wage.)
Answer:
Basketball 50/50 and job 50/50
Explanation:
An economic system that does not require a form of money would be referred to as a
command economy.
market economy.
traditional economy.
mixed economy.
An economic system that does not require a form of money would be referred to as a Command Economy Option(A) is correct. The command economy, otherwise called an arranged economy, expects that a country's focal government own and control the method for creation.
What does Command Economy means?A Command economy is a critical part of a political framework wherein a focal legislative power directs the degrees of creation that are reasonable and the costs that might be charged for labor and products.
The principal option in contrast to a command economy is an unrestricted economy framework where request directs creation and costs. The command economy is a part of a socialist political framework, while an unrestricted economy framework exists in entrepreneur social orders.
Therefore Option(A) is correct.
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In the 1972 empirical study by black, jensen, and scholes, they found that the estimated slope of the security market line was _______ what the capm would predict.
In the 1972 empirical study by black, Jensen, and Scholes, they found that the estimated slope of the security market line was less than what the CAPM would predict.
What is Capital Asset Pricing Model (CAPM) ?
The relationship between systemic risk, or the general risks of investing, and expected return for assets, particularly equities, is described by the Capital Asset Pricing Model (CAPM). In order to quantify this systematic risk, CAPM was developed. It is frequently used in the financial industry to value risky securities and calculate projected returns for assets given their risk and cost of capital.
The expected returns of an asset are calculated using the CAPM formula. It is predicated on the notion that investors must be compensated for systematic risk, also known as non-diversifiable risk, in the form of a risk premium. A rate of return higher than the risk-free rate is known as a risk premium. Investors want a higher risk premium when making riskier investments.
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a co-founder ot intel, he is famous for his law describing how the number of transistors that can be placed on a chip doubles approximately every two years. this prediction has become a target for miniaturization in the semiconductor industry and has had widespread impact in many areas of technology change.
A co-founder of intel, he is famous for his law describing how the number of transistors that can be placed on a chip doubles approximately every two years. This prediction has become a target for miniaturization in the semiconductor industry and has had widespread impact in many areas of technology change. This statement is true.
The co-founder of intel is Gordon Moore, and he gave the hypothesis that has now become a law that the number of chips that a transistor has doubles every year due to the technology advances in intel. The transistors are basically small chips that are made up of carbon and silicon that help in faster conduction of electricity thus speeding up the processors.
Although it has its benefits, but the computers lose their value soon after a new and better transistor containing computer model is launched. But the law may come to an end soon as transistor's have a limit up to which they can be minimized without providing a better cooling system for transistors.
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the role of the chapter ? is to conduct the chapter's business and act as a liaison between contractors and the local union to promote fair and harmonious labor relations.
The role of the chapter ? is to conduct the chapter's business and act as a liaison between contractors and the local union to promote fair and harmonious labor relations managers.
How frequently does the NECA Board of Governors convene?The Board of Governors issues directives to the committee, and it reports to them. Each year, the committee must hold at least three meetings.
Which NECA Committee is in charge of publishing The Quality Connection magazine?The journal The Quality Connection is published by the National Labor-Management Cooperation Committee.
Was picked to be the nation's first president?Ten delegates, representing 286 members, were present. Here, Henry Miller was chosen as the first Grand President by the delegates. It was a modest start.
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polska, incorporated, is obligated to pay its creditors $9,300 during the year. what is the value of the shareholders’ equity if assets equal $11,100? what is the value of the shareholders’ equity if assets equal $8,700?
Total assets=Total liabilities+ Total equity
=> Total equity= total asset - total liabilities
a. Share holders equity=(11100-9300)= $1800
b. Share holders equity=(8700-9300)= -600 ~ 0
Rounded -600 to nearest whole number, that is 0
What are shareholders?
A shareholder may be a individual or institution that has contributed cash in a enterprise in trade for a “share” of the possession. That proprietorship is spoken to by common or preferred offers issued by the company and held (i.e., claimed) by the shareholder. The shareholders are the proprietors of the company and give money related backing in return for potential profits over the lifetime of the company.
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baker co. sells consumer products that are packaged in boxes. as a promotion, baker offered an unbreakable glass in exchange for $1 and 2 box tops. the cost of the glass was $2.00. baker estimated at the end of the year that it would be probable that 50% of the box tops will be redeemed before the promotion ends. baker sold 100,000 boxes of the product during the current year and 40,000 box tops were redeemed during the year for the glasses. what amount should baker accrue as an estimated liability at the end of the current year, related to the redemption of box tops?
$5,000 is the sum Baker accrues as a projected liability for the redemption of box tops after the current year.
sold 100,000 boxes.
0.50 times the estimated redemption rate
50 000 anticipated redemptions
already redeemed 40,000 box toppers
10,000 box tops still need to be redeemed
2/box tops for each redemption
5,000 glasses are anticipated to be delivered.
Per glass price ($2 - $1) $1
Liability estimated at $5,000
What does financial redemption mean?The repayment of a fixed-income product, such as a Treasury note, certificate of deposit, or bond, on or before its maturity date is referred to as redemption in the world of finance. Investors in mutual funds can ask their fund manager to redeem all or a portion of their shares.
Calculating the redemption rate- The total number of customers who have ever used points may be found here. The total number of consumers who have ever accrued points may be found here. Total consumers who have ever used points is equal to the sum of all customers who have ever earned points.
The best leading indicator of how well-run your loyalty program is is its redemption rate. This is so that you can see how many points your members are actually using.
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A point outside the production possibilities curve represents a combination of goods that is:____.
a. inefficient.
b. efficient.
c. unattainable.
d. attainable.
A point outside the production possibilities curve represents a combination of goods that is to be unattainable.
What is meant by Production possibilities curve ?
In economics, the maximum output of two items with a fixed quantity of input is represented by a production possibilities curve. The four production factors—land, labor, capital goods, and entrepreneurship—in any combination make up the input.
The production possibility curve illustrates the cost of society's decision to choose between two different goods. An economy that is operating at the very edge of this curve, or the production possibility frontier, has the highest quality of living it is capable of having since it is using its resources to produce as much as possible. The curve indicates that not all of the resources are being used if the amount produced is inside it.
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why is customer service important? why is customer service important? gives positive impression to present and future clientele keeps customers willing to come back again provides jobs to hourly-rate employees creates a neutral atmosphere for customers
When speaking with potential customers, they must represent your brand.
They are in charge of representing your brand when speaking with potential customers. A company's ability to convert a prospective customer into a devoted one depends on the quality of its customer service. 89% of consumers claim that they are more inclined to make another purchase after receiving good customer service.
What does "customer service" mean?Customer service refers to the assistance you give your clients so they may interact with your brand in a simple and enjoyable way both before and after they purchase and utilize your goods or services. But providing excellent customer service goes beyond resolving client issues and completing requests.
The providing of services to clients before, during, and after a transaction is known as customer service. It thus contributes significantly to the value chain of the clients. Although each industry has its own requirements for customer service, the ultimate objective of a well-executed service is to increase revenues.
The following advantages for the company are ensured by starting good customer service:
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99.) here are all the sales in your area in the last 4 months. they sold for: $178,500, $166,000, $172,750, $182,000, $168,000, $174,000, $176,000, $184,000, $170,000, $175,000, $172,000, $181,500. what is the mean sale price?
The sales in your area in the last 4 months the mean sale price $174,979.
In mathematics, what is the sale price?the cost after a discount has been applied to the original cost. $8.00 is being sold here. If the discount is a %, we must first determine how much it will be: • Discount rate times discount amount equals the original price.
What is the cost and an illustration?As a result, a sale price of $70 will be achieved with a 30% discount on a $100 list price. Another way to understand the phrase is to say that it simply refers to the selling price of an item. For instance, a piece of art would be sold for that amount if bids reached a record high of $10 million.
Price and sale price definitions?The price you want to list your goods for normally on Amazon is known as "your price. The price you use while holding a sale on that item is known as the sale price, on the other hand.
How do price and sale price differ?Your desired list price for your goods on Amazon is referred to as "your price. On the other hand, the sale price is the cost you apply while holding a sale on that particular item.
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corporate managers work for the owners of the corporation. consequently, they should make decisions that are in the interests of the owners, rather than in their own interests. what strategies are available to shareholders to help ensure that managers are motivated to act this way? question content area bottom part 1 shareholders can do the following: (select all the choices that apply.) a. ensure that employees are paid a percentage of the company's net income. b. write contracts that ensure that the interests of the managers and shareholders are closely aligned. c. mount hostile takeovers. d. ensure that underperforming managers are fired. e. ensure that employees are paid with company stock and/or stock options.
corporate managers work for the owners of the corporation. consequently, they should make decisions that are in the interests of the owners, rather than in their own interests. what strategies are available to shareholders to help ensure that managers are motivated to act this way?
1. Mount hostile takeovers.
2. Write contracts that ensure that the interests of the managers and shareholders are closely aligned.
3. Ensure that employees are paid with company stock and/or stock options.
4. Ensure that underperforming managers are fired.
What kind of decision is the finance manager most likely to make?Dividend Policy: Choosing the company's dividend policy is one of the most crucial financial decisions a financial manager must make. It concerns the percentage of profits that will be distributed to shareholders.
Why do all shareholders support the same financial manager objective?The primary objective of financial management is to maximize the wealth of the owners, or stockholders, and guides all of the financial manager's choices.
In a corporate setting, what does the phrase "limited liability" mean?The amount of the owners' investment in the company is the maximum liability. The firm's obligations are not the responsibility of the company's stockholders, and they are not liable for any debts the company accrues.
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Mike just purchased a bond which pays $40 each year in interest. the $40 interest payment is also called the:________
Answer:
a coupon
Explanation:
select all that apply analyzing the accounting equation at the end of the month will reveal the following. select all that apply. multiple select question. assets
At the end of the month, when the income and costs should change in the equity account, the accounting equation should be examined.
What is an accounting equation?The core of the double-entry accounting system is said to be the accounting equation.The accounting equation demonstrates that a company's total assets are equal to the total of the company's liabilities and shareholders' equity on its balance sheet.The valuable resources that the corporation controls are represented by its assets. The liabilities are their commitments.The financing of a company's assets is shown by its obligations as well as its shareholders' equity.While funding obtained through the issuance of stock shares appears in shareholders' equity, financing obtained through debt displays as a liability.Assets and liabilities are the two main categories on the balance sheet that determine the financial status of every company, no matter how big or little.To know more about accounting equation, refer to the following link:
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The market supply for natural gas is the sum of all prices that natural gas producers are willing and able to sell at for every quantity. True or false?.
It is a false statement that the market supply for natural gas is the sum of all prices that natural gas producers are willing and able to sell at for every quantity.
What is the law of supply?It refers to the basic economic concept that describes the total amount of a specific good or service that is available to consumers.
In economics, the law of supply states that as the price of a good rise, the quantity supplied also rise and as the price of a good go down or fall, the quantity supplied also go down or fall. Hence, It is a false statement that the market supply for natural gas is the sum of all prices that natural gas producers are willing and able to sell at for every quantity because a demand is described.
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The market supply for natural gas is the sum of all prices that natural gas producers are willing and able to sell at for every quantity. This statement is false.
What is market supply?
The market supply for natural gas is the sum of all quantities that natural gas producers are willing and able to sell at for every quantity. The market supply for a good is determined by adding all the quantity supplied of each supplier together.
It is expected that there is a positive relationship between price and the market supply. This means that as price increases, the market supply increases and when price decreases, the market supply decreases. Based on this relationship between price and market supply, the market supply curve would be upward sloping all things remaining equal.
lorenzo company uses a job order costing system that charges overhead to jobs on the basis of direct materials cost. at year-end, the work in process inventory account shows the following.
Direct material is the bodily items constructed right into a product. as an example, the direct substances for a baker encompass flour, eggs, yeast, sugar, oil, and water. The direct substances concept is used in cost accounting, in which this price is one at a time categorised in numerous styles of financial analysis.
I Overhead rate
choose Numerator: 7 (select Denominator, |= [Overhead fee
(Overhead costs 1 Direct materials value = (Overhead rate
‘$612,000 ‘$1,800,000 34%
the entire fee of the job in the procedure is 90000
much less: Overhead applied 19180 (27000°zero.34)
‘less: materials fee activity in procedure 27000
Direct material hard work value 53820
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In the context of personal information being seen as an economic good, what term relates to the fact that individuals do not know who, how often, or how long their information will be used?.
In the context of personal information being seen as an economic good, the term that deals with the fact that individuals do not know who, how often, or how long their information will be used is "Information as an economic good".
Understanding Goods is an object that has a form that can be used by the community as a fulfillment of needs. In general, the properties of goods are products that have a form, goods can be resold, goods can be stored, quality aspects can be easily measured, and when used for utility and value of goods can be reduced.
In economic terms, these goods can be divided into two kinds. Namely free goods and economic goods. Economic goods are goods that can be purchased on the basis of the results of human sacrifices.
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you buy 500 shares of stock at a price of $94 and an initial margin of 50 percent. if the maintenance margin is 40 percent, at what price will you receive a margin call?
Amount borrowed: (50038) - (50038)(60%) = 7600
Margin call Price = 7600/ 500 shares/ (1-30%) = 21.71 $
How do margin calls work?A margin call is a request for more equity in your account from your brokerage company. You can accomplish this by adding money to your account, such as cash or marginable securities, or by liquidating existing holdings to get cash.
When a broker requests repayment of part of the funds it borrowed you to acquire assets, this is known as a margin call. A typically occurs after a sharp decline in the value of the securities you purchased. The broker has the power to start selling off your assets if you don't pay the margin call.
When the margin call value of securities in a brokerage account declines below the maintenance margin, a margin call occurs.
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