When both management and employees strive to meet common objectives, it's called mutual commitment.
To be able to do mutual commitment in a business or organization, both management and employees need to appreciate each others' work and roles. It occurs as a part of the reciprocal process in a business or organization where the focus is on others before self. There are some things that must be taken care of to create mutual commitment:
Make sure that people are valued through meaningful work.Develop a sense of belonging for each member. Align objectives and goals, both personal and corporate, to achieve shared mutual commitments.Learn more about mutual commitment at https://brainly.com/question/14104754
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when an investment trust fund makes an unsolicited distribution to a government that is participating in an investment pool, which account should be debited
An investment trust fund makes an unsolicited distribution to a government that is participating in an investment pool, which account should be debited Deductions—distributions to pool participants.
Trust finances are felony preparations that permit people to area property in a unique account to gain some other individual or entity. Trust finances may be complicated and regularly require the help of a lawyer to set up, alevin though there are on-line gear for the do-it-yourselfer. Tax credit and deductions each lower what you may pay in taxes, however in extraordinary ways. Tax deductions decrease your taxable profits and probably lessen what you may pay in taxes as a result, even as tax credit lessen your tax invoice greenback for greenback and can even boom your refund.
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What must an employee do to perform their role in a safe and healthy work environment?.
an employee must Execute appropriate judgment and behavior to perform their role in a safe and healthy work environment.
A healthy workplace is one where staff members excel in their tasks and feel fulfilled while maintaining their physical and mental well-being. They feel supported and are productive, which reduces illness, conflict, and turnover in the end. Signs of an effective workplace include Flexibility.
Workers who feel appreciated, safe, and healthy are more likely to be committed to their jobs and more productive. Healthy workplaces can lower absenteeism and insurance costs. Workplace health can boost employee retention, productivity, and happiness. The health and safety of people can be promoted in the workplace.
Five Components of a Productive Workplace
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hotel dreamlandia has a unique concept, with all the hotels having exactly 250 rooms and the same layout for all of its 200 locations that are spread out equally around the globe. hotel dreamlandia is likely using:
Hotel Dreamlandia has a unique concept, with all the hotels having exactly 250 rooms and the same layout for all of its 200 locations. Hotel Dreamlandia is likely using Undifferentiated Marketing.
Undifferentiated Marketing is employed by businesses that make items for everyday usage. This approach allows you to design campaigns without conducting extensive market research to learn what your target audience wants and needs. As many individuals as possible are to be influenced and reached by the plan. Marketers employ radio, TV, and newspapers as platforms for product marketing in order to accomplish this aim. As a consequence, the corporation makes the product more widely known, which has a direct impact on the volume of sales and overall income.
For commonly consumed goods like gasoline, soft drinks, dairy products, bread, personal hygiene products, etc., this strategy makes the most sense. Due to the constant evolution of consumer values, attitudes, and behavior, businesses that sell these products should always keep an eye on it.
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mizrahi has been having difficulty meeting the demands of the two executives who oversee her work and communicate different expectations. one executive is concerned about production and constantly urges mizrahi to meet performance quotas. the other is concerned about quality assurance and would like mizrahi to slow down and focus on the quality of her work. this is an example of
The condition of Mizrahi's role is role conflict.
Job conflict happens when employees are given multiple, incompatible roles at once or when their role overlaps with that of another employee or work group. A worker is more likely to experience stress at work if there is more role conflict.
As much as possible, make sure that the various demands are compatible with one another and have clear reporting relationships so that employees are aware of who they are directly accountable to. To minimize potential conflicts between work demands, avoid having employees answer to more than one immediate supervisor. Also, make sure that systems are in place that allow employees to voice concerns about any inconsistencies between their roles and responsibilities.
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assume the foreign supply of this product is perfectly elastic at a price of $4 per unit. starting from a free trade equilibrium, a tariff in the amount of $2 per unit would be expected to cause domestic consumption to:
The per unit would be expected to cause domestic consumption to decrease.
What are Imports?Bringing in from foreign or external sources. (as in goods & services. ) To bring into a place or country from another country. when transferring from one format to another, usually in a new file.Importing and exporting goods is not only at the heart of a successful large-scale business. It also helps in the growth and expansion of the national economy. Each country comes with some specific resources. At the same time, the country may lack other resources to develop and improve the economy as a whole.examples of imported goods are:carstv mobilesgemstonescerealspulsesoilspetrolwoodcloths raw materialsfood and vegetablesgemstonesmineral medicinesmachinerypieces of equipmentluxury carsconsumer goodsTo know more about import refer to:
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Step 2
The risk assessment has been carried out and fortunately has not uncovered any major
problems. Now the owner wants your help in choosing the right kind of insurance for his
business. Help him by writing a guide on what to consider when making this decision so that
he chooses the right kind of insurance. Be sure to mention important factors such as the
influence of the business's location, the number of employees, and the industry they are in.
A risk assessment is considered to be a process in order to identify potential hazards and analyze what could happen if an hazard tend to occur.
The aim of the risk assessment process is in order to evaluate the hazards, and then remove those hazard or minimize the level of its risk thus by adding control measures. Thus, through this one creates a safer and healthier workplace.
The hazard identification and the risk assessment helps one in recognizing and controlling the hazards in the workplace. Thus, one should create awareness regarding this to their employees and use it as a training tool.
Hence, risk management standards are set based on acceptable safe practices.
The given question is incomplete, the complete question is-
The risk assessment has been carried out and fortunately has not uncovered any major problems. Now the owner wants your help in choosing the right kind of insurance for his business. Help him by writing a guide on what to consider when making this decision so that he chooses the right kind of insurance.
Be sure to mention important factors such as the influence of the business's location, the number of employees, and the industry they are in their workplace.
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assurance services are best described as group of answer choices services designed for the improvement of operations, resulting in better outcomes. independent professional services that improve the quality of information, or its context, for decision makers. the assembly of financial statements based on information and assumptions of a responsible party. services designed to express an opinion on historical financial statements based on the results of an audit.
Assurance services are best described as Independent professional services that improve the quality of information, or its context, for decision-makers.
A type of independent professional service provided by some certified chartered accountants generally by some certified public accountants. They can review some documents which are related to finance or some kind of money transaction, such as some kind of loan. There are three types of assurance services which are compilations, reviews, and audits. The kind of assurance that is good for a company depends on the needs of investors, as well as the size, complexity, and risk level of your organization.
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g if a country's lorenz curve fell on the 45* line: question 6 options: a) it would mean the country's income was distributed equally across the population. b) it would mean that the country's income was perfectly unequal with one person earning everything and everyone else nothing. c) its gini coefficient would be 10, the highest possible number. d) it would be the most morally advanced country in the world, because all moral systems demand income equality as the goal.
If a country's lorenz curve fell on the 45* line than it would mean the country's income was distributed equally across the population.
The Lorenz curve is a graph used in economics to show how wealth or income is distributed. Max O. Lorenz created it in 1905 to symbolise the unequal distribution of wealth.
A straight diagonal line is used to illustrate the Lorenz curve; underneath it is the Lorenz curve, which depicts an estimated distribution of wealth or income. The Gini coefficient is the region that is in between the straight and curved lines. The scalar measurement of inequality is represented by the Gini Coefficient itself. The ratio of the area under the straight line serves as the Lorenz Curve's expression for the Gini Coefficient.
Uneven wealth distribution and economic inequality are both represented by the Lorenz curve.
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When an economy is open to trade, the relative price of a good is determined by the?.
When a country exports a good after opening its economy to commerce, the domestic price of the good will increase and domestic demand will decrease.
Trade is the voluntary exchange of goods or services between members of the economy.Because contacts are voluntary, trade is frequently perceived as being advantageous to both sides.The autarky price or autarkic price is a similar term for the cost of a good in an autarkic state. The price of the good must cover the cost of production in a closed economy. If the price of autarky is higher than that of other nations, the economy of that nation suffers.A closed economy is one in which there is no external trade, or activity such as imports or exports with other nations.These regions are frequently seen as self-sufficient and tend to support local production.The price of that good will rise, though, as more must be produced than was previously available locally in order to meet export demand when an economy transitions from being closed to open to international or foreign trade and becomes a net exporter, that is, sells more than it buys.
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When a market is monopolistically competitive, the typical firm in the market is likely to experience a.
When a market is monopolistically competitive, the typical firm in the market is likely to experience a 'negative or positive profit in the short run and zero profit in the long run'.
A market is termed as momonopolistically competitive when there are many industries producing the same type of products. These products are similar but not perfect substitutes. When a company enters into a monopolistic market, usually it faces very low barriers it is because the decisions of any company do not directly impact its competitors.
In a monopolistic competitive market companies differentiate their products based on their pricing and marketing strategies. In the monoplotically competitive market, it is more likely that firms may experience negative or positive profit in the short run whereas zero profit in the long run.
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annie, who works for a banking organization, recommends that her employers utilize the iot in the form of video surveillance cameras and smart locks. which business benefit of the iot does annie probably think they will gain from this change?
The business benefit of the IoT that Annie probably thinks will gain from this change is the safety of the organization's premises, and also the safety of the digital and physical assets in the organization.
What is IoT?IoT or the Internet of things is described as the computer devices that are highly interconnected digital as well as mechanical devices. It is important to mention that such devices contain unique identifiers of the UIDs that allow data transfer through a network. Such interconnected devices do not require human interaction and can work remotely.
In this scenario, Annie recommended that the banking organization can use IoT devices. This is because such devices will allow remote monitoring of the organization's premises. It can monitor, track, and can even raise an alarm if any unwanted activities are sensed. Hence, such a device is capable of keeping digital and physical assets safe.
It can be concluded that the business benefit of the IoT that Annie probably thinks will gain from this change is the safety of the organization's premises and also the safety of the digital and physical assets in the organization.
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a sales invoice included the following information: merchandise price, $9,400; terms 1/10, n/eom; fob shipping point with prepaid freight of $405 added to the invoice. assuming that a credit for merchandise returned of $1,900 is granted prior to payment and that the invoice is paid within the discount period, what is the amount of cash that should be received by the seller?
The amount of cash that the seller ought to receive is $10404.
How is a discount payment calculated?Discounting a Single Payment The following formula is used to discount a single payment: PV = Payment / (1 + Discount) Periods As an illustration, a return of $30,000 in the first year can be discounted by 3% of inflation. Divide by 100 to get the inflation rate in decimal form, which is 0.03.
Companies frequently provide their clients with payment terms that include a discount if the invoice is paid within a predetermined number of days. For instance, payment terms of 2/10, n/30 permit you to reduce the payment by 2 percent if the invoice is paid within 10 days of the invoice date; Otherwise, you won't be eligible for any discounts if you don't pay the invoice in full within 30 days.
The initial invoice reflected a payment of $9,400.
The net balance is $12,000 less the $1,900 credit for the returned merchandise, or $10,100.
The amount of the payment shown on the invoice is $9999 if the invoice is paid during the discount period.
The final payment will be $10404 if you add the $405 in prepaid freight to the $9999.
Prepaid freight does not qualify for a discount because the freight vendor charges the actual cost.
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what power is given to the internal revenue service (irs) under code section 482? group of answer choices authority to audit international transfer prices power to eliminate intercompany transactions authority to impose tariffs on foreign imports power to determine the transfer price for a foreign tax authority
Under Code Section 482, Internal Revenue Service (IRS) has the power to audit international transfer prices. Hence, option A i.e. 'authority to audit international transfer prices' is the correct answer.
Section 482 of the Code authorizes the Internal Revenue Service to adjust the international transfer prices by reallocating items/ products of gross incom, deductions, credits, or allowances in order to prevent evasion of taxes or to properly reflect income between the entities properly.
However, other statements given in other options are incorrect because Code Section 482 of IRS does not give:
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a(n) contract is a type of contract in which the sale itself is contingent on approval; it can either be a sale-on-approval contract or a sale-or-return contract.
A conditional sales contract is a type of contract whereby the sale itself is contingent on approval; it can either be a sale-or-return contract or a sale-on-approval contract.
A conditional sale is referred to as a sale where the buyer receives possession of and the right to use certain products and goods; however, the title remains with the seller until the performance of a condition is met by the purchaser. Under the contract of conditional sales, ownership does not pass to the purchaser of the goods and products until a specific condition is met or after a certain time period. Typically, this condition is the purchaser's full payment of the purchase price. An installment contract is a conditional sale.
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Ethnicity can be mobilized by groups and individuals for economic, political, and other gains. Identity entrepreneurs and ethno-corporations both use ethnicity in such a way. Identify whether the following statements describe identity entrepreneurs or ethno-corporations.
The following statements describe marketers/ entrepreneurs. The maximum not unusualplace ethnicity of marketers is White (70.9%), observed through Hispanic or Latino (14.3%), Asian (6.2%) and Black or African American (6.0%).
Ethnicity/ethnic-corporation, are phrases for ascribed identification bestowed on businesses or categories described through their unique cultural attributes inclusive of language and religion. They are frequently, however now no longer necessarily, ranked inside their societies. Ethnic entrepreneurship is basically described as enterprise possession amongst immigrants, ethnic institution individuals or each. Ethnicity is a experience of historical, cultural, and from time to time ancestral connection to a set of folks who are believed to be wonderful from the ones out of doors the institution.
Ethnic war frequently happens inside a rustic because of colonial affect and activity. Identify the international locations where out of doors powers have negatively affected ethnic relations. Ethnic organizations, which frequently end result from voluntary or involuntary segregation or segmented financial systems, are financial entities tied to unique cultural businesses. They offer items and offerings each inside and outside to the unique institution. Ethnic organizations which might be related to ethnic groups offer avenues for social mobility, socialization, and acculturation for institution individuals. There are numerous factors, going on each inner and outside to the unique community, that account for the viability of ethnic organizations. For example, amongst a few immigrant groups (inclusive of Koreans), ethnic organizations appear like extra colourful and convey substantially better prices of self-employment than in the relaxation of the United States. Alternatively, a few racialized businesses, inclusive of blacks, seem to have markedly decrease prices of business enterprise viability and self-employment.
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one of the advantages of using a push-pull strategy is that group of answer choices companies can achieve economies of scale in purchasing, while engineering flexibility into manufacturing. sales forecasts tend to be more accurate at a specific product level than at an aggregate level. a firm does not need to develop a robust distribution system as in a pure pull system. inventory costs are lower when compared to a pure pull or pure push system. a firm can achieve cost savings in manufacturing and transporting products.
One of the advantages of using a push-pull strategy is inventory costs are lower when compared to a pure pull or pure push system.
Option C is correct.
Where are drive- pull strategy is used?The business terms push and pull began in logistics and force chain operation, but are also extensively used in marketing and in the hostel distribution business.
What are the benefits of having a pull force chain system?
A pull- grounded force chain reacts to real client orders rather than to vaticinations. therefore, supereminent times and variability in the system are reduced by matching force and demand. This leads to bettered client service and dropped force holding costs.
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involves developing and performing marketing activities across national boundaries. a. world marketing b. globalized marketing c. international marketing d. customized marketing e. regional marketing
International marketing involves developing and performing marketing activities across national boundaries
What do you mean by international marketing?International marketing is the marketing of products or services outside of your brand's domestic audience. Think of it as a kind of international trade. By expanding into foreign territories, brands can increase brand awareness, grow their global audience and, of course, grow their business.
Why is international marketing important?International marketing enables social and cultural exchange between different countries of the world. With merchandise, current trends and fashions in one country transfer to another, thus developing cultural ties between countries. Thus, cultural integration takes place on a global scale.
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samantha manages the marketing department for a large company and has just hired a new employee to run the company's cooperative advertising program. the most appropriate way for samantha to advise staff members that a new employee will be joining their team is by
During the weekly departmental meeting is the most opportune time for Samantha to annoucement staff members that a new employee will be joining their team.
In a nutshell, what is an announcement?A statement given to the public or to the media that provides information about something that has occurred or will occur is known as an announcement. After speaking with the President, Sir Robert made his announcement. Neither administration has made a formal announcement.
What is a message of announcement?An announcement email is a promotional communication distributed to inform recipients of a new development, revision, or change within your company. They are employed to publicize things like: The launch of a new product. a launch of a limited quantity.
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which of the following is one of the terms of a real estate contract? group of answer choices mechanical equipment must be in good condition title must be marketable price must be paid property must be free of all termites
Price must be paid is one of the terms of a real estate contract.
There are many different types of real estate and contract law. Real estate law deals with the buying, selling, and leasing of property. Contract law deals with the formation and performance of contracts. It is important to carefully review a lease before signing it, in order to understand the parties' rights and obligations.
Real estate law and contract law are both governed by state and federal laws. Real estate law is also governed by common law, which is a body of law that is based on court decisions, rather than statutes.
Hence the correct option is (C).
The question is incomplete, the complete question is:
Which of the following is one of the terms of a real estate contract?
A) Mechanical equipment must be in good condition.
B) Title must be marketable.
C) Price must be paid.
D) Property must be free of termites.
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salesforce is a large company, and with so many employees, people often find that their coworkers share an interest in their hobbies. a group of golfing enthusiasts decide to set up a putting green near the work site. what type of group is this?
A group of golfing enthusiasts is an example of an interest group. This kind of group shares a common interest in something, like a hobby.
Interest groupWhen you are interested in something and you find many other people have common interests as yours, then you form a group to share your common interest, this is what we call the interest group. This group represents the formation of a body to support their common interest, because one of the group functions is to share knowledge between the members of the group or creating a healthy environment for the members.
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manufacturing corporation orders twelve safety videos from productions, inc., which delivers the videos. this is most likely
The activity that done by Manufacturing corporation and productions Inc is a sale of goods. It is because Manufacturing corporation orders twelve videos.
In business, Production generally can be described as the process of combining various immaterial inputs such as knowledge and plan and also material inputs. Production has a main function in order to make something for consumption or known as output. The output of production activity can be good or also service that has value and contributes to the utility of individuals. There are several types of production, such as the continuous system, the project system, and also the batch system.
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when bennett was job hunting, he focused on salaries when he researched potential companies because he had school loans to repay. this demonstrates which of the four basic rights under capitalism?
This demonstrates that Bennet was emphasizing the right to freedom of choice, which is one of the four basic rights under capitalism.
What is the right to freedom of choice?The right to freedom of choice is described as the right of an individual to allow him or her to choose his living pattern or his course of action. It is important to mention that the main requirement is that the freedom of choice must not impinge on violating the freedom of choice of other individuals.
In this scenario, Bennet is focusing his research on the companies that will provide with m more salaries. This is because he had to repay his loans and such an action is deemed as the freedom of a person to choose his course of action.
It can be concluded that this demonstrates that Bennet was emphasizing the right to freedom of choice, which is one of the four basic rights under capitalism.
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the income statement is a permanent document that is used to record what you own (assets) and what you owe (liabilities) on a specific date. true false
The statement about income above is false. It is because income statement or known as profit and loss account is used to record a temporary transactions relating to revenue and expenses.
In business, a profit and loss account or also known as income statement generally can be described as one of the financial statements of a company and shows the company's revenues and expenses during a particular period. A profit and loss account or also known as income statement indicates how the revenues are transformed into the net profit or also net income.
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The above statement is a false statement about the income statement. The balance sheet is a document that is used to record what you own (assets) and what you owe (liabilities) on a specific date.
An income statement is a financial statement that lists the revenue and expenses of the company. Additionally, it displays a company's profit or loss over a specific time frame.
A balance sheet is a financial statement that lists a company's assets, liabilities, and shareholder equity.
It offers a snapshot of the assets and liabilities of a corporation as of the publication date.
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coral company has the following financial statement information: current assets $30,000; noncurrent assets $70,000; current liabilities $20,000; noncurrent liabilities $40,000; and stockholders' equity $40,000. what is the debt to equity ratio?
The debt-to-equity ratio is 1.50. The debt-to-equity ratio, also known as the D/E ratio, is a measurement of a company's ability to pay off its debt.
What is the debt-to-equity ratio?A company's objective may not always be to have the lowest ratio. According to Lemieux, a relatively low debt-to-equity ratio may indicate that a business is financially strong and has grown significantly over time.However, it may also be an indication of inefficient resource allocation. No doubt, the level of risk that shareholders can bear must be respected, but Lemieux speculates that a very low ratio may be an indication of overly cautious management that fails to take advantage of growth prospects.The minority owners of publicly traded corporations frequently criticize the board of directors because their overly cautious management delivers them too poor returns, he adds.The debt-to-equity ratio, also known as the D/E ratio, is a measurement of a company's ability to pay off its debt. It is calculated by subtracting the total debt from the total shareholders' equity of a company.(20,000 + 40,000) / 40,000 = 1.5
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true or false: if consumers are unfamiliar with a service or service provider, they might use price to make quality judgments. true false question. true false
If consumers are unfamiliar with a service or service provider, they may use price to make quality judgments.
A consumer is a person or group who intends to order or uses purchased items, products, or services primarily for personal, social, family, domestic, and similar requirements and is not directly tied to entrepreneurial or company activity. The term most frequently refers to a person who buys products and services for personal consumption. A consumer in an economy purchases goods or services primarily for personal consumption rather than for resale or business purposes. Consumers pay money for goods or services and then consume them. As such, consumers play an important role in the economic system of a capitalist system and are an essential component of any economy. Producers would be deprived of one of their primary motivators if customer demand did not exist.
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to encourage high ethical standards and support a strong ethical climate, a company's leadership should
To encourage the high ethical standards and support a strong ethical climate, a company's leadership should set a code of ethics.
A Code of ethics is the principle that the company and its employees follow for unbiased and transparent functioning of the company. A Code of ethics is followed to achieve ethical standards.
A Code of ethics gives clarity to what will be considered right and professional in the situations. These principles adhere to the legal laws of the country to maintain legal professionalism in the company.
The management, employers, and employees follow these codes of ethics to achieve the target of the company pragmatically. The Code of ethics might differ from company to company regarding their approach to production. Some companies might have no animal testing policies while some may have no water pollution policies.
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jenna is seeking to raise money to develop a new app where individuals can buy and sell used clothing. she is looking for long-term investors in her product, and she wants to protect her personal assets from any liabilities associated with borrowing capital. which form of business structure would clearly meet jenna's needs? a.) partnership b.) limited liability partnership c.) sole proprietorship d.) corporation
The correct choice is option c. Sole proprietorship .A person who runs an unincorporated business alone is known as a sole proprietor.
What is a sole proprietor?A person who runs an unincorporated business alone is known as a sole proprietor.However, if you want to classify a domestic limited liability company (LLC) as a corporation and you are the only member, you are not a sole owner. Small companies like a neighborhood grocery store, a neighborhood clothing store, an artist, a freelance writer, an IT consultant, a freelance graphic designer, etc. are examples of sole proprietors. An LLC exists independently of its members, who are its proprietors.Members are not personally liable for the obligations and liabilities of the company, nevertheless.The LLC is in charge here.A sole proprietorship is a single person-owned, unincorporated company. A sole proprietorship has many advantages, including little paperwork and inexpensive setup.There is also how simple it is to maintain.It's actually the simplest and least expensive form of business you may start, according to the SBA. The owner of a sole proprietorship is personally liable for all of the company's debts, putting his or her personal assets and future earnings at jeopardy.This is the main justification for staying away from sole proprietorships.To learn more about sole proprietor refer
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a firm producing where price equals marginal cost that has variable costs equaling $60 million; fixed costs equaling $40 million; and revenues equaling $50 million should:
a firm producing where price equals marginal cost that has variable costs equaling $60 million; fixed costs equaling $40 million; and revenues equaling $50 million should be shut down now.
The incremental cost of producing more goods or services, also known as the marginal cost in economics, is the change in the overall cost that results from increasing the amount produced.
It can refer to a small increase in the output of one unit, or it can relate to the rate of change in total cost as output increases by a tiny amount. The marginal cost is the slope of the total cost, or the rate at which it increases with output, and is quantified in dollars per unit as opposed to dollars for the total cost. The difference between average cost, or total cost divided by the number of units produced, and marginal cost is the number of units produced.
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melissa intends to say something to the new employee that will make him feel welcome as a member of the team. the thought that melissa intends to communicate is known as
Melissa wants to make the new hire feel like a member of the team by saying something to him. Meaning is the concept that Melissa is trying to convey.
Who is employee?A person engaged by an employer to do a certain task is known as an employee. Employers are in charge of deciding how much an employee is paid, when they work, and how they work.
Employee purpose is the sense of significance that employees derive from their work and the degree to which their ideals are shared by a company. It ultimately comes down to giving staff members the tools and support they need to infuse meaning into their workdays and professional environments.
An employee who is exempt from overtime compensation is known as an exempt employee. It refers to a group of workers who are not entitled to the Fair Labor Standard Act's minimum wage or overtime protections (FLSA). Instead of receiving hourly pay, exempt personnel receive a remuneration for their professional services
What is Communication?Sending and receiving messages through both verbal and non-verbal means is the process of communication. The goal of communication is to create an understanding between two or more people through sharing information in the form of thoughts, views, and ideas.
Three main methods of communication can be distinguished: verbal communication, which requires listening to understand meaning, written communication, which requires reading meaning, and nonverbal communication, which involves observation and inference.
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if the real exchange rate for coal is 1.5, the price of coal in the united states is $50 per ton, and the price of coal in britain is 20 british pounds per ton, what is the nominal exchange rate? a. 5/3 or 1.67 pounds per dollar b. 4/15 or 2.67 pounds per dollar c. 3/5 or 0.6 pounds per dollar d. 15/4 or 3.75 pounds per dollar
The nominal exchange rate is 3/5 based on the information provided. Hence, the correct option is (c.) 3/5 or 0.6 pounds per dollar.
What is a nominal exchange rate?The nominal exchange rate, or the price of one currency in terms of another, is well known to most people. It is generally stated as the foreign currency's domestic price.
Given:
Real exchange rate=1.5
Price(United state)=$50 per ton
Price(Britain)=20 pounds per ton
Hence:
1.5 = Nominal Exchange rate ×50/20
Nominal Exchange rate = 1.5 × 20/50
Nominal Exchange rate = 30/50
Nominal Exchange rate = 3/5
In conclusion, the nominal exchange rate is 3/5 or 0.6 pounds per dollar.
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