Answer:
Increased cultural diversity
B) False
Answer:
A) True
Explanation:
The prime interest rate is that rate which interprets the creditworthiness of the customer that means which have the highest credit rating, the bank or financial institution gives the prime rate to the customers who maintain the largest accounts with the bank or financial institution.
The prime interest rate depends on loans like a business, personal loans, etc
Answer:
joint venture
Explanation:
Joint venture is an association of two or more entities that exercise joint control over an undertaking for profit generally set up for a limited purpose, a limited time, or both.
Joint venture may be established by agreement or contract alone as a corporation, as a partnership and as an undivided interest entity.
Answer:
Joint venture
Explanation:
In a joint venture, two or more firms create a legally independent company to share some of their resources to create a competitive advantage.
A joint venture is like a partnership with a specific goal to function. It is popularly known as a stragetic alliance.
Joint ventures, practically a type of patnership whereby two or more companies form a new company. This new company is a legally independent company. The companies that have come together invest equity and their resources . These new alliance can be formed for a certain short term period, like for a certain project or for a long-term business relationship, while control, revenues and risks are shared according to their capital contribution.
If you buy a new video game, you cannot pay your cell phone bill. This is an example of...
setting a long term goal
setting a short term goal
realizing opportunity cost
Answer:
realizing opportunity cost
Explanation:
Opportunity cost is a dilemma where consumers need to choose what to do with their money. To buy something he or she wants, he or she necessarily needs to forgo other possible ways to spend their money. This is because consumers have a financial constraint, meaning they can't buy everything they want. Thus, the opportunity cost of buying a video game is all that one fails to buy with the money spent on buying the video game. For example, he or she could take a trip, buy an outfit etc. Thus every consumer choice involves an opportunity cost. In the narrated case, if he buys the video game, he will not have money to pay the phone bill. Being without a phone is very bad, so the opportunity cost in this case is high as it affects the welfare. Given this, the consumer will decide according to the usefulness of the video game and the mobile phone. Then he will choose to use the money for whatever brings him the most satisfaction and well-being.
Realising opportunity cost?
b. False
Yes, the chief financial officer (CFO) is indeed responsible for a company's accounting and financial functions, which include managing the company's finances, budgeting, forecasting, investments, and risk management.
The statement 'The chief financial officer (CFO) is responsible for accounting and financial functions' is true. The CFO plays a pivotal role in a company's overall success and is often seen as the second most important person in a company, next to the CEO. Their main responsibilities include managing the company's finances, budgeting, forecasting, investments, and risk management. They also oversee all cash management strategies, including accounting and financial controlling, such as ensuring all financial reports are accurate and completed in a timely manner.
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Answer:
A.
Explanation:
A trial balance check whether total debits are equal to total credits.
In case of mismatch, temporary adjustment accounts are created, ledgers are then corrected.
Is bookkeeping systematized worksheet containing the closing balance of all the accounts containing two sides. Left hand side, Debit, and right hand side, Credit.
Debit side, all the expenses, cash and assets balances.
Credit side, all the incomes, capital, reserves and the liabilities balances.
The total of this two sides should be equal. It is prepared periodically, usually while reporting financial statements.
It is prepared because it helps in detecting errors and gives a overall idea of all the ledgers accounts ensuring that every debit is having the corresponding and opposite effect.
It is the first step in the preparation of the financial statements.