Due to a boom in the US, the average rate of return on investments is likely to rise causing the demand for US dollar to

Answers

Answer 1

Answer:

Increase

Explanation:

When there is a boom there is an increase in several key indicators in an economy. Gross domestic product will rise and so also will productivity. This would give rise also to profit as there would be increases in business sale. Then business income will go higher as well as family income. A boom is the result of an increase in consumer spending. The return on investment rises thereby causing an increase in demand for dollars.


Related Questions

Do these ratio values and ratios look​ strong, weak or in​ between?

Answers

Answer:

Ratio values cannot be judged in isolation.  For example, the Phone Corporation's ratios calculated previously have no industry benchmarks against which they can be compared.  The ratios for competitor can also be used for comparison.  Again, the ratios were calculated for only one period in each case.  There should be a trend analysis and computation of ratios over some years in order to assess their strengths and weaknesses.

Overall, they do not look strong.  But, one should not be too quick to conclude on this issue.

Explanation:

Ratio analysis is a technical method of gaining insight into a company's liquidity, operational efficiency, and profitability by comparing the elements of its financial statements such as the balance sheet and income statement.  While ratio analysis is a cornerstone of fundamental equity analysis, it must be noted that the values produced are just relative measures which cannot be meaningful without being related to some benchmarks or compared over a number of years.

Under the provisions of Regulation SHO, before a security can be "sold short," it must be determined that the security:___________.
A. can be borrowed and delivered by settlement
B. has been traded on an + tick or a 0+ tick
C. is not on the threshold listD. is subject to the short interest reporting rule

Answers

Answer:

Under the provisions of Regulation SHO, before a security can be "sold short," it must be determined that the security:___________.

D. is subject to the short interest reporting rule

Explanation:

Under the provisions of Regulation SHO, the SEC rule, otherwise known as FINRA 4560 (“Short-Interest Reporting” or the “Rule”), requires a record of total short positions in all customer and proprietary firm accounts for all equity securities (other than Restricted Equity Securities as defined in Rule 6420) to be maintained by each FINRA member who must  regularly report such information to the Security and Exchange Commission."  This rule is part of the Regulation SHO, which governs short-sale trading strategies, prevents unethical practices, and applies standards to the behavior and practices of brokers, traders, and investors.

Asking if the results of laboratory research generalize to organizations in the real world is related to _________ validity

Answers

Answer:

Asking "will the results of laboratory research generalize to organizations in the "real world" is related to:

External Validity

Which of the following actions will help ease agency conflicts and better align managers’ objectives with the firm’s shareholder wealth?a. Pay the manager a large base salary with a huge stock option package that matures on a single date. b. Pay the manager a combination of salary and stock options (phased in over several years) that reward him or her for consistently increasing shareholder wealth. In addition to well-designed executive compensation packages, other motivational forces can align the interests of managers with those of their shareholders. Which of the following actions could be used to reduce the potential for these agency conflicts and ensure that the firm's managers will pursue the long-term wealth interests of their shareholders? a. Let the manager know that he or she will be fired if the company's stock does not reach a certain target by the end of the year. b. Let the manager know that a takeover is possible if he or she doesn't perform well.

Answers

Answer:

1. b. Pay the manager a combination of salary and stock options (phased in over several years) that reward him or her for consistently increasing shareholder wealth

2.  b. Let the manager know that a takeover is possible if he or she doesn't perform well.

Explanation:

Agency problems arise when the managers who are meant to be maximising shareholder wealth instead begin to act in their own interests to increase their own wealth.

To avoid this, the company should make the manager a shareholder as well so that in maximising shareholder wealth, the manager will be maximising their own wealth as well. When making them shareholders however, it is imperative that the stock is phased over several years so that the manager will keep increasing shareholder wealth.

Another way to ensure that a manager will try their best for the shareholders is to remind them that failure might lead to a takeover from another company. In takeovers, the managers of the ill performing firm are usually retrenched with the logic being that they were the ones that got the company into ruin so they should not be given the chance to do so again.

Which of the following statements summarizes why the window of vulnerability is shrinking? People are getting better at enduring and recovering from exploits. There are also fewer people with the skills needed to create vulnerabilities. More people are interested in information security, and have developed the skills to find new vulnerabilities. People are not inclined to attack vulnerability for financial gain.

Answers

Answer:

More people are interested in information security, and have developed the skills to find new vulnerabilities.

Explanation:

In the past, few people are interested in information security due to the fact that, it was a new field that was not exploited then. This create an ample opportunity for the windows vulnerability for hackers. Currently, due to increasing interest in information technology, the vulnerability of windows are shrinking.

Which statement correctly describes the following ratio? Current assets / Current liabilities: Current assets divided by current liabilities

Answers

Answer:

The statement that correctly describe the following ratio is the current ratio

Explanation:

Current ratio is defined as current assets over Current liabilities. It is a comparison of current assets to current liabilities. Normally, the potential creditor will use current ratio to measure a company's liquidity or ability to pay off liabilities. Every healthy company must maintain a 2:1 current ratio.

Possession of an open container of alcohol receives a $500 fine and a jail confinement of answer:_______

Answers

Possession of an open container of alcohol receives a $500 fine and a jail confinement of six day

Incomes rise for low-income and high-income workers, but rise more for the high-income earners. How will this change affect income inequality

Answers

Answer:

It will increase the income inequality between the low income earners and the high income earners.

Explanation: Income inequality is a term used to describe the Difference or gap between income earners within a given economy. If the rate of increase of income is higher for the low income earners than for the high income earners it will help to reduce the inequality gaps between both classes. But when the rise is more for high income earners than for low income earners it will increase the inequality gaps between both classes.

There are three consumers of a public good. The demands for the consumers are as follows: Consumer 1: P1 = 60 – Q Consumer 2: P2 = 100 – Q Consumer 3: P3 = 140 – Q where Q measures the number of units of the good and P is the price in dollars. Now the marginal cost of the public good is $ 60 . What is the economically efficient level of production of the good?

Answers

Answer:

80

Explanation:

To get the economically efficient level of production of the good, we will sum up the demand for consumers and equate them to the marginal cost of the public good.

Note that the economically efficient level of output occurs where MSB = MC on the graph. Therefore, since MSB = MC occurs where all the three consumers are in the market, then we'll have;

(60-Q) + (100-Q) + (140-Q) = 60

Expand the brackets

60-Q+100-Q+140-Q = 60

Collect like terms and sum up

300-3Q = 60

3Q = 300-60

3Q = 240

Q = 80

Therefore, the economically efficient level of the production of the good is 80

An investor borrows an amount at an annual effective interest rate of 5% and will repay all interest and principal in a lump sum at the end of 10 years. She uses the amount borrowed to purchase a 1000 par value 10-year bond with 8% semiannual coupons bought to yield 6% convertible semiannually. All coupon payments are reinvested at a nominal rate of 4% convertible semiannually. Calculate the net gain to the investor at the end of 10 years after the loan is repaid

Answers

Answer:

$74.14

Explanation:

first we must calculate the market price of the bond:

0.03 = {40 + [(1,000 - MV)/20]} / [(1,000 + MV)/2]

0.03 x [(1,000 + MV)/2] = 40 + [(1,000 - MV)/20]

0.03 x (500 + 0.5MV) = 40 + 50 - 0.05MV

15 + 0.015MV = 90 - 0.05MV

0.065MV = 75

MV = 75 / 0.065 = $1,153.85

so the customer borrowed $1,153.85

in 10 years, the principal + interest will = $1,153.85 x (1 + 5%)¹⁰ = $1,879.50

the customer will receive:

20 semiannual payments of $40, the future value = $40 x 22.841 (FV annuity factor, 2%, 19 periods) + $40 = $953.64

bond's face value = $1,000

total money received = $1,000 + $953.64 = $1,953.64

net gains = $1,953.64 - $1,879.50 = $74.14

You are given the following information on Parrothead Enterprises: Debt: 9,200 6.4 percent coupon bonds outstanding, with 23 years to maturity and a quoted price of 104.5. These bonds pay interest semi-annually and have a par value of $1,000. Common stock: 235,000 shares of common stock selling for $64.70 per share. The stock has a beta of .92 and will pay a dividend of $2.90 next year. The dividend is expected to grow by 5.2 percent per year indefinitely. Preferred stock: 8,200 shares of 4.6 percent preferred stock selling at $94.20 per share. The par value is $100 per share. Market: 11.8 percent expected return, risk-free rate of 3.7 percent, and a 22 percent tax rate. Calculate the company's WACC.

Answers

Answer:

8.57%

Explanation:

value of debt = $1,000 x 9,200 x 1.045 = $9,614,000

YTM = {32 + [($1,000 - $1,045)/46]} / [($1,000 + $1,045)/2] = 31.02/ 1,022.50 = 3.034% x 2 = 6.07%

value of common stock = 235,000 x $64.70 = $15,204,500

Re = 3.7% + 0.92(11.8% - 3.7%) = 11.15%

value of preferred stocks = 8,200 x $94.20 = $772,440

cost of preferred stocks = 4.6 / 94.2 = 5.46%

total value = $25,590,940

common stocks = 0.594

debt = 0.376

preferred stocks = 0.03

WACC = (0.594 x 11.15%) + (0.03 x 5.46%) + (0.376 x 6.07% x 0.78) = 6.6231% + 0.1638% + 1.78% = 8.57%

What is the key to personal fulfillment in your job? A. sacrificing your beliefs for greater benefits B. pursuing new job opportunities at all times C. finding a balance between lifestyle and values D. avoiding jobs with low salaries and long hours.

Answers

Personal fulfillment in ones work means various important job-related goals which have achieved in the cause of working on a job.

Key to personal fulfillment in one job are:

1. Taking initiative. Been proactive and not sit on the sidelines brings personal fulfilment at one job.

2. Sacrificing ones beliefs for greater benefits help to achieve personal fulfillment at one job because it bring forth more focus and pro activeness.

3. Finding a balance between lifestyle & job values is also a key because they help building more healthy work life.

4. Pursuing new job opportunities and improving ones skills are key to personal fulfilment at work

In conclusion, avoiding jobs with low salaries and long hours is not part of way to achieving personal fulfilment on ones job.

Learn more about here personal fulfillment here brainly.com/question/18201892

Answer:

C: finding a balance between lifestyle and values

Explanation:

Expert verified yea right; I swear they are trying to get people to fail. anyways this is the correct answer took the test you don't need to try and comprehend that guy's confusing list with at least 2 options.

The standard deviations of individual stocks are generally higher than the standard deviation of the market portfolio because the market portfolio: Multiple Choice has specific risk. offers lower returns. has less systematic risk. diversifies risk.

Answers

Answer: Diversifies risk

Explanation:

The main purpose of having a portfolio is to be able to diversify risk so that a total loss is not made if things do not go well. As such, well diversified portfolios are able to reduce their unsystematic risk.

Individual stock on the other hand, cannot be diversified and so have unsystematic risk which makes their standard deviations(risk) higher.  

You just paid $1,020 for a security that claims it will pay you $2,000 in 8 years. What is your annual rate of return?

Answers

Answer:

The annual interest rate is 8.78 per cent.

Explanation:

The amount paid for security (PV) = $1020

The amount paid in 8 years (FV)  = $2000

We have to find the rate of return.

Now, assume i% is the annual interest rate.

Present Value (PV) * (1+i)^n = Future Value (FV)  

Future Value (FV)  = $ 2,000

Present Value (PV) = $ 1,020

N= 8 years

1,020*(1+i)^8 = 2,000

i = (2,000/1,020)^(1/8) – 1

i = 0.0878 or 8.78%

"A market maker that compensates a retail member firm for sending its customer orders to that market maker is:"

Answers

Answer: paying for order flow and hence must be allowed to do it so far he or she is subjected to the best execution requirements.

Explanation:

A market maker that compensates a retail member firm for sending its customer orders to that market maker is paying for order flow and hence must be allowed to do it so far he or she is subjected to the best execution requirements.

It should be noted that in this scenario, the retail firm earns the payment for order flow and this is allowed by the Securities exchange commission as long as the best available price is allowed for the trade.

Gary Marks is paid on a monthly basis. For the month of January of the current year, he earned a total of $8,838. FICA tax for Social Security is 6.2% and the FICA tax for Medicare is 1.45%. The FUTA tax rate is 0.8%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. The amount of Federal Income Tax withheld from his earnings was $1,424.97. What is the amount of the employer's payroll taxes expenses for this employee?

Answers

Answer: $1,110.11‬

Explanation:

The Employer is to pay and withhold all taxes except the income tax withheld so the employer's payroll tax expense will be;

= Social Security Tax + Medicare tax + FUTA + SUTA

= ( 0.062 * 8,838) + ( 0.0145 * 8,838) + ( 0.008 * 7,000) + ( 0.054 * 7,000)

= 547.96 + 128.15 + 56 + 378

= $1,110.11‬

SUTA and FUTA are payable on first $7,000 of an employee's pay.

A real estate developer is offering identical houses for sale for $350,000 each, and has 20 willing customers. The developer is considering lowering the price to $300,000, since at that price there would be an additional 3 customers willing to purchase houses. What would be the developer’s change in revenue from lowering the price in this way?

Answers

Answer: $100,000 less

Explanation:

Since we are informed from the question that the real estate developer is offering identical houses for sale for $350,000 each, and has 20 willing customers, this means that current revenue will be:

= $350,000 × 20

= $7,000,000

By lowering the price, the revenue made will be:

= $300,000 × 23

= $6,900,000

The difference is

$7,000,000 - $6,900,000

= $100,000 less.

Nastya’s makes risky investments with 25% of her portfolio and invests the rest of the portfolio in low-variance investments. This is an example of

Answers

Answer:

mental compartmentaliztion

Explanation:

By making such risky investment, this is mental compartmentalization. Nastya is not ready to take any big risks.

Content marketing is a relatively new practice that became popular in the 1950’s with the boom of advertising firms.
A. True
B. False

Answers

Answer: false

Explanation:

Content marketing is a marketing method that is focused on the creation and the distribution of content for a specific audience online.

Content marketing is used by organizations to generate leads, attract attention gain a large customer base and increase revenue.

The idea that Content marketing is a relatively new practice that became popular in the 1950’s with the boom of advertising firms is wrong.

The project represented by this resource load chart has a maximum limit of 6 units of resource activity in any day. The first activities that are strong candidates for shifting are:

Answers

Complete Question:

The project represented by this resource load chart (see attached) has a maximum limit of 6 units of resource activity in any day. The first activities that are strong candidates for shifting are:

A) Activity A

B) Activities B and C

C) Activities D and E

D) Activity E and F

Answer:

The first activities that are strong candidates for shifting are:

C) Activities D and E

Explanation:

Activities D and E have a total time of 5 days altogether based on the attached resource load chart.  They have the least time and can be shifted to accommodate other activities before they can be tackled sequentially.

A resource load chart displays the total amount of resources required as a function of time in any given project.  It is the best method for establishing the existence of some resource conflicts across project activities, especially when compared to Gantt Charts, Network Diagrams, and Pareto Diagrams.

HR managers must comply with laws when hiring, promoting, compensating, and firing employees. These laws include

Answers

Complete Question:

HR managers must comply with laws when hiring, promoting, compensating, and firing employees. These laws include:

Group of answer choices

A. Breach of Warranty of Habitability.

B. Free and Appropriate Public Education Act.

C. Americans with Disabilities Act.

Answer:

C. Americans with Disabilities Act.

Explanation:

Human resources (HR) managers must comply with laws when hiring, promoting, compensating, and firing employees. These laws include Americans with Disabilities Act.

The Americans with Disabilities Act is an employment and civil rights law passed by the U.S Congress and signed into law by President George H. W. Bush on the 26th of July, 1990.

The main purpose of the Americans with Disabilities Act is to prohibit the discrimination and stigmatization of people having any form of disability in several fields such as employment, public accommodations, communications, transportation and access to all national programs and services across the United States of America.

With respect to employment and human resources (HR) managers, it protects the rights of job seekers and employees working in an organization.

What are some risks of international business that may not exist for local business?a. government takeover and changing tax laws.b. currency restrictionsc. high probability of war, and declining economic conditions.

Answers

Answer:

Currency Restriction

Explanation:

The local businesses will face government takeovers because every country has a government and where there is government there is always chances of changing tax law due to reforms. The country in which the local business is operating may be subjected to war and declining economic conditions which is specific to a country. So these all risks are faced by international and local businesses as well but the currency restriction which is imposed by the government on the sale and purchase of a currency which means the international company can have foreign currency quota which means they can pay international expenses when it is within the restriction limit.

Anything called money will be
A. large and heavy
B. easy to create
C. scarce
D. backed by gold​

Answers

The answer is: D. Backed by gold.

In a Sweezy Oligopoly, a decrease in a firm's marginal cost generally leads to:_______.A) reduced output and a higher price.B) increased output and a lower price.C) higher output and a higher price.D) none of the statements associated with this question are true.

Answers

Answer:

D) none of the statements associated with this question are true.

Explanation: Sweezy oligopoly which is also described as a kicked demand model helps to show how prices can be stable without any form of secret agreement between the small number of large Organisations which dorminates in an olygopolistic market.

An olygopolistic market is a market that is filled with a small number of large scale business Organisations.

In the 1970’s the Ford Motor Company sold its subcompact Pinto model with known design defects. In particular, the gas tank’s design and location led to rupture, leaks and explosion in low-speed, rear-impact collisions. Fifty-nine people burned to death in Pinto accidents. Ford had conducted a cost-benefit analysis weighing the cost of fixing the defects ($11 per vehicle) versus their potential liability for law- suits on behalf of accident victims, where Ford placed the value of a human life at $200,000. Ford eventually recalled 1.4 million Pintos to fix the gas tank problem at a total cost of $30 to $40 million. In addition the company ultimately paid out millions more in liability settlements and incurred substantial damage to its reputation.
A) Critique Ford’s actions from the perspective of the NSPE Code of Ethics.
B) One well-known ethical theory, utilitarianism, suggests that an act is ethically justified if it results in the "greatest good for the greatest number" when all relevant stakeholders are considered. Did Ford’s cost-benefit analysis validly apply this theory?
C) What should engineers do when the product they are designing has a known safety defect with an inexpensive remedy?

Answers

Answer and Explanation:

1. The national society of professional engineers code of ethics was violated by Ford motors by selling the pinto model which they already knew had manufacturing defects. The cars had issues that were mostly due to fuel tank fires. The pinto was recalled and the cars were being modified to reduce fire hazards.

As part of the nhse code of conduct, engineers must give impartial, honest and equitable service to the public while also ensuring their safety.

2. When we relate Ford's action with the act of utilitarianism, then the cost benefits analysis of Ford did not take cognizance of the effects that their decisions would have. The utilitarian approach would evaluate each action differently and whatever decisions that might follow from it. Ford did not take account of many factors in their cost benefits analysis. The loss from not replacing the fuel tank was more than the benefits as lots of more would have also been spent settling people out of court.

3. Engineers should take decisions that involves the safety of the public for whom they are designing the product. They should try to correct the design defects first without considering how expensive or inexpensive it is based on ethics.

The function of the South African Reserve Bank as bank supervisor entails …
[1] reducing interbank settlement risks by reducing the potential for settlement default by one or more banks.
[2] making, issuing and destroying banknotes and coins.
[3] achieving a sound, efficient banking system in the interest of depositors of banks and the economy as a whole.
[4] formulating an exchange rate policy.

Answers

Answer:

[1] reducing interbank settlement risks by reducing the potential for settlement default by one or more banks.

Explanation:

Which of the following is central to developing pre-service strategies?a- Leadership.b- Finance.c- Marketing.d- Capital structure.

Answers

Answer:

C. Marketing.

Explanation:

Marketing is central to developing pre-service strategies.

SOX and the SEC regulators are making it clear that if controls can be ignored, there is no control. Therefore, fraud prevention and detection require an effective monitoring system. Select one: True False

Answers

Answer: True

Explanation:

Fraud prevention simply has to do with how fraud will be stopped. Due to numerous ways of committing fraud, fraud prevention and detection require an effective monitoring system

Without an effective monitoring system, it'll b difficult to control fraud. Therefore, the option in the question is true.

Southern Amusements Corporation had the following stockholders' equity on November 30: BEE lick the icon to view the stockholders' equity.) On December 30, Southern purchased 125 shares of treasury stock at $13 per share.
Requirements
1. Journalize the purchase of the treasury stock.
2. Prepare the stockholders' equity section of the balance sheet at December 31, 2016. Assume the balance in retained earnings is unchanged from November 30
3. How many shares of common stock are outstanding after the purchase of treasury stock?

Answers

Answer:

the first part is missing, so I looked it up:

1) December 30, 202x, treasury stocks are purchased

Dr Treasury stocks 1,625

    Cr Cash 1,625

2) Stockholders' Equity

Paid-in capital:

Common stocks, 1,300 shares                                         $1,550authorized, 310 shares issuedPaid-in capital in excess of par value                              $4,650Total paid-in capital:                                                          $6,200

Retained earnings                                                                   $53,000

Treasury stocks (125 stocks at cost)                                        ($1,625)

Total Stockholders' Equity                                                       $51,375

3) outstanding shares = 310 - 125 = 185 outstanding stocks

At times a leader will actively monitor followers and be focused on making corrective transactions to ensure there are no deviations from predefined standards. This leadership behavior is best described as

Answers

Answer:

Management by exception - active

Explanation:

Management by exception (active) is a leadership style where actions that deviate from the norm are identified and handled in a unique manner. Normally this is by human intervention.

Skilled staff and software can be used to identify these cases. Deviation from the norm can be caused by process deviation, external deviation, malformed data, and poor business rules.

Objectives are set in an organisation that have estimable results. These results are then compared with actual results to identify those that are deviating from expectations.

Other Questions
Simplify the expression 2x - 7 + 4x Analyses were run. The following is the (edited) output for the test:Hypothesis test results:U1: favored team-home gameU2: favored team- away gameDifference Sample Mean Std. Err. DF T-Stat P-valueU1-U2 .11 0.67168534 94.155815 0.16376716 0.4351From the output we learn that:A. the data provide sufficient evidence reject the H0; thus, we cannot conclude that themean point spread of home games is higher than that of away games.B. the data do not provide sufficient evidence reject the H0; thus, we can conclude thatthe mean point spread for home games is higher than that of away games.C. the data do not provide sufficient evidence to reject H0; thus, we cannot conclude thatthe mean point spread of home games is higher than that of away games.D. the data provide sufficient evidence to reject H0; thus, we can conclude that the meanpoint spread for home games is higher than that of away games. In a different dimension, cows have x+3 legs, with 3 toes on each leg. Chickens have 2x-4 legs, with 7 toes on each leg. If your farm only has two cows and one chicken, what is the expression for how many animal toes there are in total (not including yours)? Give your answer in simplest form. A substance has a volume of 20 mL and a density of 2.5 g/mL. What is its mass? Claire is a human resource manager at Lewis Corp. She skillfully handles personal interactions with her staff and the other department managers. She is highly admired by others in the organization because she treats others with respect and builds trust. This scenario indicates Claire has strengths in the HR success competency of por que se rellama MundoHispano? subtract fractions 9 1/10 - 4 3/4 = The process of progressively changing a response by rewarding a similar behavior, then adjusting it to achieve the desired behavior, is called response chaining operant extinction shaping feedback Which form of precipitation affects Georgia the moshailrainsleetsnow Homeowner Lorraine has not paid her mortgage for four months. Who will decide when it is time to begin foreclosure proceedings? Kate wrote the steps of the carbon cycle to describe how carbon is cycled through specific organisms. The steps are in random order. 1 - The rabbit decomposes 2 - The rabbit eats the rabbit eats the carrot plant 3 - The carrot plant takes in carbon dioxide from the air during photosynthesis 4 - Carbon compounds are returned to the soil i need to know what the correct order is but hurry bc it's timed for a test! this is for earth science but its not an option so ignore the "arts" subject thing Choose the correct preterite forms of the verbs to complete the sentences.Ayer fulaun vestido muy barato en la tienda y lovisteviovieroncomprocomprcompramos Answer the following in 3-5 sentences: In lines 170-188, the speaker contraststhe Danes' "heathen hope with the power of Christianity. Explore the speaker'sattitude toward religion in the setting of 8th to 11th century Britain. Draw onevidence in the poem and on outside research (research the Medieval Period orMiddle Ages). simplify the expression -1/2(-5/6 +1/3) thank you :) 64 rational or irrational I need help answering this homework question. Its for Religion. 1. What does God love about you? 2. Write a profile of yourself telling how you think God intends for you to be perfect Convert 0.049 kg sulfur (S) to g of sulfur (S). A 60-year old customer desires an investment that will provide for retirement income when she reaches age 65. The customer is able to invest $1,000 per month over that time period. What recommendations is most suitable? The best method for obtaining a representative sample is to choose a _____ from the population of interest. Use the drop-down menu to complete the sentence.The most important long-term impact of Socrates wasChoose...Choose...his training of the philosopher Platothe criminal activity that led to his death sentence.his encouragement of good citizenship.his promotion of critical thinking and reason.