According to James MacGregor Burns, there are three types of leadership values. End values describe the outcomes or end achievements.
In transformative leadership, "leaders and followers enable one other to grow to a greater degree of morale and motivation," according to Burns.
Burns discussed how it can be challenging to distinguish between management and leadership and asserted that the distinctions are made in traits and behaviors.
Although initially motivated by the need for individual acclaim, the transformative leader ultimately advances group purpose by being sensitive to the desires of his or her followers.
Burns claims that Mao and Gandhi are the epitomai of transformational leaders because they initially provided for their people's needs while still being attuned to their greater goals and objectives.
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According to James MacGregor burns, there are three types of leadership values. End values describe the outcomes or end achievements.
A leadership style is a leader's approach to giving direction, executing plans, and motivating people. In 1939, psychologist Kurt Lewin and his research team established that there are three styles of leadership: authoritarian (dictatorship), participation (democracy), and delegation (laissez-faire).
The three qualities he discusses here are character, vision, and relationship effectiveness. It should be mentioned that these are not the only qualities, these qualities are essential for leadership. So, while these qualities are necessary, they are not exhaustive.
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In the eyes of clients and managers, the most essential public relations task is?
In the eyes of clients and managers, the most essential public relations task is (C) coordinating interviews for their executives with the media.
What are public relations tasks?Preparing and delivering presentations and press releases dealing with inquiries from the general public, the press, and other organizations coordinating and participating in promotional activities such as press conferences, open days, exhibitions, tours, and visits public speaking in interviews, news conferences, and presentationsA Public Relations Officer responds to media inquiries for information. They strive to maintain an organization's or client's positive image. They can accomplish this by creating marketing materials such as newsletters, social media updates, and press releases.In the eyes of clients and management, the most important public relations responsibility is scheduling media interviews for their executives.Therefore, in the eyes of clients and managers, the most essential public relations task is (C) coordinating interviews for their executives with the media.
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The complete question is given below:
In the eyes of clients and managers, the most essential public relations task is ________.
(A) placating executives with easy practice questions
(B) setting an agenda for meetings
(C) coordinating interviews for their executives with the media
(D) easing discomfort with their personal appearance
Nat gauged the level of exposure to his marketing campaign using the percentage of the target population exposed at least once to his advertisement, representing its.
Nat gauged the level of exposure to his marketing campaign using the percentage of the target population exposed at least once to his advertisement, representing its integrated market communication likewise a marketing strategy.
What Exactly Is a Marketing Plan?A company's overall plan for reaching out to potential customers and converting them into buyers of their goods or services is referred to as a marketing strategy. The value proposition of the business, critical brand messages, information on target customer demographics, and other important components are all included in a marketing plan.What is market communication?The messages and channels that marketers use to communicate with their target markets are referred to as marketing communications, or marcom. Traditional advertising, direct marketing, social marketing, presentations, and sponsorships are a few examples of marketing communications.Learn more about Marketing Plan here:
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A company sold equipment that originally cost $280,000 for $140,000 cash. the accumulated depreciation on the equipment was $140,000. the company should recognize a:____.
A company sold equipment that originally cost $280,000 for $140,000 cash. the accumulated depreciation on the equipment was $140,000. the company should recognize a $0 gain or loss.
The term depreciation refers to an accounting technique used to spread the cost of a tangible or physical asset over its useful life. Depreciation indicates how much of an asset's value has been used. It allows companies to generate income from the assets they own by making payments over a period of time.
Depreciation is a method of calculating the depreciation of an asset through use, wear and tear, and obsolescence. The value of most assets declines over time after purchase. Organizations should take this loss of value into account when analyzing performance and calculating costs.
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Are the signs of the coefficient estimates consistent with expectations? Explain.
The sign of each coefficient indicates the direction of the relationship between a predictor variable and the response variable. A positive sign indicates that as the predictor variable increases, the response variable also increases.
What do the estimates of the regression coefficients tell us?
You may determine if each independent variable and the dependent variable have a positive or negative association by looking at the sign of a regression coefficient. A positive coefficient means that the mean of the dependent variable tends to rise when the value of the independent variable rises.
What is predictor and response variable in regression?
The risk factors and confounders are referred to as the predictors, or explanatory or independent variables, whereas the outcome variable is also known as the response or dependent variable. The independent variables are designated by "X" while the dependent variable is denoted by "Y" in regression analysis.
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When demand increases there is a ______ at the old equilibrium price, which puts ______ pressure on price until the market reaches the new equilibrium.
When demand increases there is an option(a)i.e, shortage at the old equilibrium price, which puts upward pressure on price until the market reaches the new equilibrium.
The number of consumers who are able and willing to purchase goods at various prices throughout a specific time period is known as demand. Demand for anything or service indicates that people want it and are willing and able to pay for it. Factors Influencing a demand for Several variables affect whether a good's demand rises or falls. This comprises the cost of the product, the perceived quality, the amount spent on promotion, the income and confidence of the buyer, as well as shifts in consumer preferences and fashion.
The equilibrium price will rise due to an increase in demand while remaining constant in all other respects, increasing supply. Reduced demand will result in a drop in the equilibrium price and a reduction in supply.
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The complete question is:
When demand increases, there is a _____ at the old equilibrium price, which puts _____ pressure on price until the market reaches the new equilibrium.
A.) shortage; upward
B.) surplus; upward
C.) shortage; downward
D.) surplus; downward
If you say $4500 at an interest rate of 13% per year, how much will you have at the end of seven years
Explanation:
I think it might be 5455$
The gap between ______ is the output gap. When _____, the output gap is called an inflationary gap.
The gap between real GDP and potential GDP is the output gap. When real GDP exceeds potential GDP, the output gap is called an inflationary gap.
Real GDP is a degree of a country's gross domestic product that has been adjusted for inflation. contrast this with nominal GDP, which measures GDP using current expenses, without adjusting for inflation.
Potential GDP is a theoretical construct, an estimate of the value of the output that the financial system could have produced if hard work and capital had been employed at their maximum sustainable charges—that is, quotes which are regular with constant increase and stable inflation.
An inflationary gap measures the difference between the present day level of real GDP and the GDP that would exist if an economic system turned into running at full employment. For the space to be taken into consideration inflationary, the current real GDP should be higher than the potential GDP.
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Suppose japan pegs its currency to the u. s. dollar. Now interest rates in the united states have decreased. To maintain the fixed exchange rate, japan has to?
Answer:
they would have to raise it or unpeg
Peet’s coffee will spend $500,000 marketing its newest latte drink. it expects to sell 1 million of these lattes over the next year. these 1 million lattes are a _____________ for peet’s coffee.
These 1 million lattes are a sales forecast for peet’s coffee. An indication of anticipated sales revenue is a sales forecast. A sales forecast predicts how much your business expects to sell over a specific time period through marketing (in a year).
The most accurate sales projections achieve this feat. Sales projections assist the entire company in allocating funds for marketing, personnel hiring, product shipping, and other purposes. A well-oiled machine that satisfies client demand both now and in the future is produced by accurate sales forecast. Internal sales teams benefit from sales revenue that materializes inside the anticipated time frame.
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When comparing alternatives with different cash flow amounts paid in different time periods, you should convert all of the amounts to their ____________ to make a better comparison
When comparing alternatives with different cash flow amounts paid in different time periods, you should convert all of the amounts to their present value to make a better comparison.
Amounts of money or streams of cash flows that are anticipated in the future are measured by their present value (PV), which expresses their value now. Since time itself impacts value, this value will be different from the nominal value of the cash flows. Time stands for separation from money, and separation breeds danger, which cancels out value.
The value of cash at some point in the future that is similar today is its present value. The ability for investors to compare values across time makes present value crucial. PV can assist investors in evaluating the potential financial gains from present assets or liabilities.
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Your company incurs a cost for factory rental, which, in the short run, is fixed. what happens to this cost in the long run? in the long run, the cost of factory rental
In the long run, the cost of factory rental becomes a variable cost.
Costs that fluctuate in line with variations in the volume of a company's output are known as variable costs. Total marginal costs across all units produced to make up variable costs.
Additionally, they can be regarded as typical expenses. There are two parts to overall cost: fixed expenses and variable costs. Costs that are immediately connected to a certain cost object are referred to as direct costs.
All variable costs, though, are not necessarily direct expenses. For instance, variable manufacturing overhead expenses are variable expenses that are indirect, not direct, expenses. As they change depending on the quantity generated, variable costs are also known as unit-level costs.
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PLEASE HELP THERE ARE TWO SCENARIOS
Scenario A
College graduates are moving back in with family in record numbers. They are waiting longer than previous generations to buy homes and start families. Data show downward trends in new home building, mortgage applications, and the birthrate. Multiple markets are complaining of falling demand. A national supplier of home goods permanently shut down. The media is calling babies born today part of the “baby bust generation.” Economists predict future school closings and labor shortages.
Scenario C
The media report that an “epidemic of the jobless” has emerged. Major corporations and small businesses alike are laying off workers. People are out of work in record numbers and struggling to find jobs. Some admit that they have given up looking. Housing foreclosures are increasing, while banks say they lack the funds to approve new loan applications or to adjust existing loans. Requests for unemployment, housing, and nutrition assistance are at record highs. Charity organizations are not receiving enough donations to meet the growing need in their communities. Credit card companies say the average debt balance is climbing while repayments are falling behind.
Would the Fed address the scenario with expansionary or contractionary policy? Explain.
What is a specific monetary action the Fed might use in this scenario? Identify the tool and how the Fed would use it. Explain how this would address the scenario.
What is a specific fiscal action that Congress might use in this scenario?
It is correct to state that the Fed will address the scenario with expansionary policy.
What is an expansionary policy?
An expansionary policy is one that seeks to increase the amount of money so that aggregate demand can be stimulated.
What is a specific monetary action the Fed might use in this scenario? Identify the tool and how the Fed would use it. Explain how this would address the scenario.When money is injected into the economy using tools such as
Examples of fiscal polices that the congress might enlist for deployment in this scenarios are:
To increase aggregate demand, Government will inject more money in to the economy by buying back bonds or embarking on projects at the state and local levels.
Reduction of taxes will also help put more money in the hands of people, thus increasing aggregate demand.
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Answer:
flvs
Explanation:
A
would the red address the scenario with
expansionarv or contractionarv policy? Explain.
The Fed would address this with expansionary.
Which means they would give out more money
What is a specific monetary action the Fed might use
in this scenario? Identity the too and how the red would use it. Explain how this would address the
The action they would use is decrease the reserve requirement. By doing this, banks would be able to give out more money Que to them not needing to
Keen as much monev in reserve
What is a specific fiscal action that Congress might use in this scenario?
Decrease taxes due to schools and labor shortages are happening. Which mean that business and schools wont need to dav as much as taxes
B
Would the red address the scenario with
expansionary or contractionary policy? Explain.
The red would use contractionary due to rising prices and it can slow down
What is a specific monetarv action the Fed might use in this scenario? Identify the tool and how the Fed would use it. Explain how this would address the
scenario
They would sell more government securities so that less money would be in circulation and daily operations being tunded
What is a specific fiscal action that Congress might
use in this scenario?
Congress might decrease taxes due to things being expensive and we needing more money to be in
circulation.
C
Would the red address the scenario with expansionary or contractionary policy? Explain.
The Fed would use expansionary policy due to people not having money and needing it.
What is a specific monetary action the Fed might use in this scenario? Identify the tool and how the Fed would use it. Explain how this would address
the scenario.
The monetary action is that they would decrease reserve requirement and buy government securities. They would give out more money and create funding programs for those who are unemployed.
What is a specitic fiscal action that congress might use in this scenario?
Decrease taxes so that others can buy food and with the money they have left, they are able to buy their needs
_____ helps us understand the different ways that children think differently from adults.
Answer:
lets
Explanation:
that the messing
part
Let's helps us understand the different ways that children think differently from adults.
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When using the indirect method to complete the cash flows from operating activities section of the statement of cash flows, what is the proper disposition of a loss on disposal of equipment?.
The correct option is D.
Subtract the loss from net income.
What is Cash Flow?The volume of money a business brings in and expends is known as cash flow. Revenues from sales are used by businesses to pay expenses.
In accounting, the initial net cash flow that is recorded during all firm operational operations is calculated using the indirect technique of estimating or computing cash flow.Under the indirect technique of completing the cash flow from operating activities, any initial net income or net loss is recorded at the beginning.The initial level of net income includes all non-cash expenditures and expenses such as amortization and depreciation of tangible personal property and equipment.The cash flow of operating activities is now calculated by deducting any profits or losses from the sale of long-term assets from net income.To know more about Cash flow visit:
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I understand that the question you are looking for is:
When using the indirect method to complete the cash flows from operating activities section of the statement of cash flows, what is the proper disposition of a loss on disposal of equipment? Multiple Choice
A. Add the loss to net income.
B. Disregard the loss because it relates to a financing activity.
C. Disregard the loss because it relates to an investing activity.
D. Subtract the loss from net income.
The incremental borrowing rate is the rate of return that the lessor desires to earn and is used to calculate the lease payments.
a. True
b. False
(B) FALSE
The incremental borrowing rate is the rate of return that the lessor desires to earn and is used to calculate the lease payments.
The implicit rate detrmined is the desired rate given to the lesser. The rate on the lease that is to paid by the lesee borrowed over with a similar security funds necessary desire to obtain an asset of a similar value similar to right of use asset in an economic environment.
It is defined in accounting standards collaterized payments. Provides the right to use an asset over a period of time, lessee pays the less amount in turn.
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When banks borrow through the term auction facility, the price of borrowing is determined by:_________
When banks borrow through the Term Auction Facility, the price of borrowing is determined by : a Competitive Bidding Process.
What Is the Term Auction Facility?
The Term Auction Facility (TAF) was a monetary policy used by the Federal Reserve to increase liquidity in the U.S. credit markets. The TAF began following the financial crisis of 2007.
It allowed the Federal Reserve to auction set amounts of collateral-backed short-term loans to depository institutions (savings banks, commercial banks, savings and loan associations, credit unions) that were judged to be in sound financial condition by their local reserve banks. The Facility relieved the pressure on lending institutions during a period of financial distress.
The TAF was implemented with the express purpose of addressing "elevated pressures in short-term funding markets," according to a press release from the Federal Reserve System Board of Governors in 2007.
Participants bid for TAF funds through the reserve banks with a minimum bid set at an overnight indexed swap rate related to the maturity of the loans. These auctions allowed financial institutions to borrow funds at a rate that was below the discount rate.
Therefore, we can conclude that the correct option is B.
Your question is incomplete, but most probably your full question was:
When banks borrow through the Term Auction Facility, the price of borrowing is determined by:
A) the Federal Reserve.
B) a competitive bidding process.
C) the difference between the discount rate and the interest rate on three-month Treasury securities.
D) open-market operations.
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Which report summarizes cash collections and cash expenditures from operation investing and financial activities over a period of time?
Answer is statement of cash flows.
A cash flow statement is the financial statement that summarizes all the cash inflows received by the firm from continuing activities and the external investment sources. It also covers all the cash outflows used to fund corporate operations and the investments during a certain time period.
The financial statements of a firm provide investors and analysts with a picture of all the transactions that occur within the organization, where each transaction adds to its performance. The cash flow statement is seen to be the most straightforward of all financial statements since it tracks the cash generated by the firm in three ways: the operations, investment, and financing. The net cash flow is the total of all these three components.
Therefore, the answer is cash flow statement.
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Which manager’s strategy for preventing alienation in company workers will probably work best?
The manager whose strategy will most probably be effective in preventing the alienation of company workers is C. Colleen's, who wants to include workers in the company's decision-making process.
How do you prevent alienation of workers?To prevent workers from feeling alienated in a company and therefore demotivated, it is important to make them feel like they contribute to the company.
One way to do that is to include them in the decision making process of the company which is why Colleen's strategy might work best.
Options for this question are:
A. Judith's, who wants to cut salaries to increase the likelihood that workers will continue because they like their job, not because they make moneyB. Michael's, who wants to help alleviate job stress by making sure workers know nothing of the day-to-day operations of the companyC. Colleen's, who wants to include workers in the company's decision-making processD. Dennis's, who wants to fire workers at random so that no one will ever know if they are going to have a job tomorrow or notFind out more on motivating employees at https://brainly.com/question/18852626
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A retired couple can probably bear more risk in their portfolio than a young investor with a secure job. true false
This is false that A retired couple can probably bear more risk in their portfolio than a young investor with a secure job.
The five years just prior to and five years following retirement are known as the "retirement risk zone," and during this time a retirement portfolio is most vulnerable to market downturns. Your capacity to retire comfortably could suffer long-term consequences if the value of your portfolio drops during this period.
The most frequent hazards associated with retirement are personal, health, financial, policy changes, house loss, and others. Outliving savings and losing purchasing power owing to inflation are two of the more prevalent problems.
Market risk is the largest risk for young investors. The risk that prevents the majority of would-be investors from actually investing is possibly their fear of price swings. Price changes have an impact on the pricing of securities, commodities, and investment fund shares.
Savings accounts, short-term CDs, and money market funds can all offer security and liquidity for your unused assets. Your individual financial position will determine how much you put in these investments, but most financial experts advise retaining enough to pay for at least three to six months' worth of living expenses.
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A qualitative forecasting method which utilizes structured questionnaires submitted to potential customers soliciting opinions about potential products to estimate likely demand is.
A qualitative forecasting method that employs structured questionnaires presented to potential customers soliciting opinions about potential products to assess likely demand is build-up forecasting.
What is Qualitative Forecasting?
Qualitative forecasting is an analysis methodology that uses expert judgment, rather than numerical analysis. This type of forecasting depends upon the knowledge of highly experienced employees and advisors to provide insights into future outcomes.
What is quantitative and qualitative forecasting?
Qualitative forecasting is founded on information that can't be measured. It's especially crucial when a company's just starting out, since there's a lack of past (historical) data. Quantitative forecasting depends on historical data that can be measured and controlled.
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In order to make sure that audiences can correctly identify your mood and attitude during speech, it is necessary to make sure you have correct _____. a. enunciation b. pronunciation c. intonation d. elucidation please select the best answer from the choices provided a b c d
In order to make sure that audiences can correctly identify your mood and attitude during the speech, it is necessary to make sure you have the correct intonation.
Option C. intonation.
In order for the audience to correctly perceive your mood and attitude when speaking, you need to pay attention to correct intonation.
Intonation is the melody of speech, including the pitch and tone of the voice in a sentence, as well as the modulation.
Can be used to convey the character or mood of a sentence.
Intonation can convey audiences' sarcasm, mood, humor, anger, excitement, and more.
The natural rise and fall of human speech, or the beginning of chants, are examples of intonation. In music, intonation means how well the pitches fit together.
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Answer:
its B
Explanation:
did it on edge
Texas relies on ____________ taxes more than any other source of revenue to fund the government.
Texas relies on high sales and use taxes more than any other source of revenue to fund the government.
What are Taxes?A tax is a mandatory financial charge or some other type of levy imposed on a taxpayer by a governmental organization in order to fund government spending and various public expenditures.
Tax is one of the major ways a state or country generates funds to run a successful government.
It is one of the civic responsibility a citizen owes to his state or country
Taxes can be based on income ore the purchase of a commodity or service.
The State of Texas relies more on taxes derived from high sales and Use than any other form of tax.
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Consumers benefit from productive efficiency by paying the ______ product price possible under the prevailing technology and cost conditions, causing firms to earn only ______ profit.
Consumers benefit from productive efficiency by paying the lowest product price possible under the prevailing technology and cost conditions, causing firms to earn only normal profit.
Producing as much as feasible from the resources that are available in an economy is the economic principle known as productive efficiency, sometimes referred to as production efficiency. The production of another product would have to be reduced in order to produce any additional units after a business or market reaches productive efficiency.
A situation where an economy or economic system functioning within the limitations of present industrial technology is unable to enhance output of one good without reducing production of another is referred to as productive efficiency in microeconomic theory.
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If $300 is invested at a rate of 6% per year and is compounded quarterly, how much will the investment be worth in 12 years? use the compound interest formula a equals p times the quantity 1 plus r divided by n end quantity raised to the power of n times t..
The future value of the investment is 6,130.43.
What is the future value of the investment?When an investment earns a compound interest that is compounded quarterly, it means that both the amount invested and the interest accrued would increase in value every quarter.
The formula that can be used to determine the future value is:
FV = P (1 + r)^nm
Where:
FV = Future value P = Present value R = interest rate : 6% / 4 = 1.5%m = number of compoundingN = number of years3000 x (1.015)^(12 x 4) = 6,130.43
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Suppose an industry has two firms each with 50% market share. The Herfindahl index for this industry is ______.
Each company has an equal share of 2%. HHI before proposed merger
The HHI is used to determine market competitiveness. Markets with an HHI of less than 1,500 are considered competitive markets, moderately concentrated for HHIs between 1,500 and 2,500, and highly concentrated for HHIs of 2,500 and above.
HHI Calculator is a tool to easily calculate the value of the HHI. The HHI Index measures market concentration (not market capitalization) in a particular industry and is used to determine market competitiveness.
A 60% four-company concentration rate means that the top four companies in the industry account for 60% of sales. A 90% four-company concentration rate means that the top four companies account for 90% of sales. Concentration ratios are useful for identifying oligopolies, but they have four drawbacks.
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Oligopolies exist because of barriers to entry. One of the most important barriers to entry is due to economies of scale. Why is this true?
Oligopolies exist because of barriers to entry. One of the most important barriers to entry is due to economies of scale when it exists, the industry is more likely to be an oligopoly than a competitive one.
A market structure known as an oligopoly occurs when a few large sellers or manufacturers control a sizable portion of a market or an entire sector. Oligopolies are frequently the outcome of corporate collaboration as a way to increase profits. Because of the decreased competition, customers will pay more and workers will earn less.
In an oligopoly, there must be some entry barriers to allow businesses to capture a sizable portion of the market. These obstacles could be economies of scale or brand loyalty. Entry barriers, however, are lower than monopolies.
Several oligopoly-enabling circumstances have been noted. First off, there aren't many big companies in an oligopolistic market. This feature sets oligopoly apart from monopoly, in which there is only one entity.
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If an organization allows byod, how can employees make sure that their device is secured?.
What is BYOD Security?
Bring your own device (BYOD) means that employees use personal devices to connect to an organization’s network, accessing work-related systems and possibly, sensitive data. Personal devices may include smartphones, personal computers, tablets or USB drives.
According to several studies, well over 50% of organizations and over 70% of employees use personal devices at work, and these numbers are rapidly growing. This means BYOD security is top of mind for IT and security leadership.
Personal devices are more likely to be used to break into corporate networks, whether or not they are approved by IT, because they are less secured and more likely to contain security vulnerabilities compared to corporate devices. Therefore, it is critical to understand and address BYOD security for organizations of all sizes.
How would you secure BYOD devices?
Make passwords compulsory on all BYOD devices. ...Create a blacklist of prohibited applications. Restrict data access. .Invest in reliable security solutions for devices.Backing up device data. Educate your staff about security.Learn more about BYOD :
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Gross domestic product understates the total production of final goods and services because of the omission of:_______.
Due to the exclusion of the subterranean economy, gross domestic product understates total final goods and services production.
The monetary worth of all completed products and services produced inside a country over a certain time period is known as the gross domestic product.
GDP gives an economic snapshot of a country and is used to determine the size and growth rate of an economy. GDP may be computed using expenditures, output, or income in one of three methods. It may be adjusted for the inflation and the population to offer more detailed information.
The real GDP accounts for the consequences of the inflation, whereas the nominal GDP does not. Despite its shortcomings, GDP is an important tool for the governments, the investors, and the corporations to use when making the strategic decisions.
Therefore, the answer is omission of underground economy.
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The amount of additional satisfaction obtained from consumption of an additional unit of a good or service is _______.
The amount of additional satisfaction obtained from consumption of an additional unit of a good or service is "Marginal Utility".
What is marginal utility?The additional pleasure a consumer has from owning one extra unit of an item or service is known as marginal utility. Economists utilise the idea of marginal utility to estimate the quantity of a good that consumers will buy.
Some key features of marginal utility are-
The additional satisfaction a consumer experiences from owning one extra unit of an item or service is known as marginal utility.When the overall utility is increased by the consumption of the an additional item, positive marginal utility occurs. On the other side, negative marginal utility arises when the overall utility is reduced by the consumption of one extra unit.Economists utilise the idea of marginal utility to estimate the quantity of a good that consumers will buy.Progressive taxation are frequently defended using the law of decreasing marginal utility.Negative, zero, or positive marginal utility are all possible.To know more about rule of marginal utility, are
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The ____ is an electronic claim format used to gather reimbursement from insurance payers.
The HIPPA 5010 is an electronic claim format used to gather reimbursement from insurance payers.
What does HIPPA 5010 mean?Electronic data exchanges between covered businesses must adhere to data transmission guidelines under the HIPAA electronic data interchange (EDI) rule. The information that can be conveyed, as well as the formats and contents in which it can be communicated, are covered by these specifications.
The X12N EDI data transfer protocol must be used by covered entities according to the HIPAA EDI rule. This protocol requires particular data code sets from covered entities. The name of the current code set standard format is ASC X12 Version 5010, also known as HIPAA 5010.
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