Herbie Bittman, age 17, executed a contact for the purchase of a pleasure car from a used car dealer or $2000. When Herbie changed his mind and attempted to return the car three months later the sales manager, Sam Dichter, said, "The contract is legally valid and all sales are final. I am not taking the car back. " Herbie, who has not turned 18, come to you for advice. Was Dichter's statement legally correct? Why or why not?

Answers

Answer 1

Dichter's statement that the contract is legally valid and all sales are final may not be legally correct in this situation. Since Herbie is a minor, he has the right to disaffirm the contract and return the car for a refund.

In this scenario, Herbie Bittman is a minor who entered into a contract for the purchase of a pleasure car from a used car dealer for $2000. When he changed his mind and attempted to return the car three months later, the sales manager, Sam Dichter, refused to take the car back, stating that the contract is legally valid and all sales are final. Herbie has not yet turned 18 and is seeking advice on whether Dichter's statement is legally correct.

Under the law, a minor is generally not bound by a contract that he or she enters into, unless the contract is for necessities, such as food, clothing, shelter, or medical care. In this case, the contract for the purchase of a pleasure car is not a necessity, and therefore, Herbie may have the legal right to disaffirm the contract.

If Herbie disaffirms the contract, he would have the right to return the car and receive a refund of any money paid under the contract. The used car dealer would not be able to keep the car or any money paid by Herbie.

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Related Questions

2008 1 Mar Started business with $1,000 cash.
credit or debit​

Answers

Answer:

The cash a/c is debited as it is an asset for the business and the capital a/c is credited as it is a liability for the business according to the business entity concept.

There is a specialty store that you like to go to when you are craving jelly beans. The price is reasonable at $1.30 per pound. The store is a bit of a distance away and you could purchase the same jelly beans at your neighborhood supermarket, but the cost is a little more at $2.10 per pound. You spend about $3 on gas every time you go to the specialty store. How do you know if you are getting enough of the jelly beans to make the trip worthwhile? What two equations would you use to determine your break-even point? (Let C stand for the total cost and x represent the amount of jelly beans.)

Answers

Answer:

-You know if you are getting enough of the jelly beans to make the trip worthwhile when the amount you purchased makes the total cost at the specialty store lower than the total cost at the supermarket and this is when you purchase more than 3.75 pounds of jelly beans.

-The two equations would be:

C=1.30x+3

C=2.10x

Explanation:

From the information given, the total cost at the specialty store would be the result of multiplying the price per pound for the number of pounds plus the amount you spend in gas everytime you go there, which is:

C=1.30x+3

Also, the total cost at your neighborhood supermarket would be the result of multiplying the price per pound for the number of pounds:

C=2.10x

Now, you can say that the price at the specialty store is equal to the price at the supermarket and solve for x to find the amount of jelly beans that would make the total cost at both places the same which would be the break-even point:

1.30x+3=2.10x

3=2.10x-1.30x

3=0.8x

x=3/0.8

x=3.75

You know if you are getting enough of the jelly beans to make the trip worthwhile when the amount you purchased makes the total cost at the specialty store lower than the total cost at the supermarket and this is when you purchase more than 3.75 pounds of jelly beans. Also, the two equations would be:

C=1.30x+3

C=2.10x

JohnBoy Industries has a cash balance of $54,000, accounts payable of $134,000, inventory of $184,000, accounts receivable of $219,000, notes payable of $129,000, and accrued wages and taxes of $41,500. How much net working capital does the firm need to fund?

Answers

Answer:Net working capital = $152,500

Explanation:

Net working capital = CA– CL

Where CA= Current Assets = Cash + Inventory + Accounts Receivable

and CL= Current Liabilities= Account payable + Notes payable + accrued wages and taxes

CA=$54, 000 + $184,000 + $ 219,000 =$457,000

Current liabilities = Account payable + Notes payable + accrued wages and taxes

CL = $134,000 + $129,000 + $41,500 = $304,500

Net working capital = Current assets – Current liabilities

Net working capital = $457,000 – $304,500=  $152,500

Net working capital = $152,500

: Stock in Daenerys Industries has a beta of .95. The market risk premium is 7 percent, and T-bills are currently yielding 3.6 percent. The company’s most recent dividend was $2.05 per share, and dividends are expected to grow at an annual rate of 4.1 percent indefinitely. If the stock sells for $39 per share, what is your best estimate of the company’s cost of equity?

Answers

Answer:

The  best estimate of the company’s cost of equity is 9.81 %.

Explanation:

Use both the Growth Model and the Capital Asset Pricing Model (CAPM) to estimate the cost of equity and find the average.

Cost of Equity (Growth Model) = Recent Dividend Payout Ratio/ Market Price of Stock + Expected Growth

                                                  = $2.05 / $39.00 + 0.041

                                                  = 9.36 %

Cost of Equity (CAPM) = Return on Risk Free Security + Beta × Risk Premium

                                     = 3.60 % + 0.95 × 7.00 %

                                     = 10.25 %

Average =  (9.36 % + 10.25 %) ÷ 2

              =   9.81 %

The cost of equity of a company is 9.875% after taking the average of the cost of equity by the CAPM approach and the cost of equity by the Dividend growth model.

What is meant by the cost of equity?

The cost of equity is the percentage of return earned by a stock investor by making an investment.

Given values for CAPM Approach:

A beta factor of stock: 0.95

Market risk premium: 7%

Return on T-bills: 3.6%

Step-1 Computation of cost of equity by using the CAPM approach:

\(\rm\ Cost \rm\ of \rm\ Equity=\rm\ Return \rm\ on \rm\ T-Bills + (\rm\ Market \rm\ Risk \rm\ Premium \times\ \rm\ Beta \rm\ Factor) \\\rm\ Cost \rm\ of \rm\ Equity= 3.6\% + (7\% \times 0.95)\\\rm\ Cost \rm\ of \rm\ Equity=10.25\%\)

Given values for dividend growth approach:

Dividend rate: $2.05

Expected growth in dividend: 4.1 %

Stock price: $39

Step-2 Computation of cost of equity by using the dividend growth approach:

\(\rm\ Cost \rm\ of \rm\ Equity=\frac{\rm\ Dividend \rm\ Rate \times\ (1+ \rm\ Growth\rm\ Rate)}{\rm\ Stock \rm\ price} + \rm\ Growth \rm\ rate\\\rm\ Cost \rm\ of \rm\ Equity=\frac{\$2.05 \times\ (1+ 0.041)}{ \$39} + 0.041\\\rm\ Cost \rm\ of \rm\ Equity=\frac{\$2.13 }{\$39} + 0.041\\\rm\ Cost \rm\ of \rm\ Equity=9.50\%\)

Step-3 Computation of average of both methods:

\(\rm\ Average \rm\ Cost \rm\ of \rm\ Equity= \frac{\rm\ Cost \rm\ of \rm\ Equity \rm\ in \rm\ CAPM \rm\ Method + \rm\ Cost \rm\ of \rm\ Equity \rm\ in \rm\ Dividend \rm\ growth}{2}\\\rm\ Average \rm\ Cost \rm\ of \rm\ Equity=\frac{10.25\% + 9.50\%}{2} \\\rm\ Average \rm\ Cost \rm\ of \rm\ Equity=9.875\%\)

Therefore, the cost of equity comes out to be 9.875% by using the average of the two methods.

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Why is account management important in the vegetable farming ? give reason . ​

Answers

Answer:

Money

Explanation:

The expected result of farming would be to make money, account management would help the most in making money. With account management, you can see how well your farm is producing money which in turn can tell you if you are growing quality crops or a crop that your clients want the most.

Answer:

It is important to appreciate the fact that modern business management principles can assist the farmer or farm manager, no matter how small his farm may be and however meager his capital. This is because of the two major tasks facing today’s farm managers.

Explanation:

Importance of agriculture in the Food supply Agriculture is the world’s leading source of food items. All the food substances that are essential viz. Agriculture produces vegetables, proteins, and oils. The carbohydrates provide all living beings with energy.

johnson & johnson had an ad for tylenol headache reliever that would pop up on brokers' web sites whenever the stock market fell by 100 points or more. this is an example of a(n)

Answers

This is an example of trigger-based advertising, where the ad for Tylenol headache reliever appears on brokers' websites when the stock market falls by 100 points or more.

This advertising approach by Johnson & Johnson is an example of trigger-based advertising. The ad for Tylenol headache reliever is designed to appear on brokers' websites specifically when the stock market experiences a significant drop of 100 points or more. By targeting individuals who may be affected by the stress or tension associated with market downturns, Johnson & Johnson aims to capture the attention of potential consumers seeking relief from headaches. This strategy leverages real-time market data to deliver relevant ads and increase the chances of connecting with the target audience during moments of heightened need.

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g what is a difference between passive and actively managed funds? question 18 options: active portfolios try to add value. passive portfolios try to add value. index mutual funds are active investments.

Answers

The difference between passive and actively managed funds is active portfolios try to add value.

In essence, actively managed funds have investment managers or management teams that select companies or assets they anticipate will exceed their benchmark or otherwise add value to the total portfolio. Instead of having managers choosing investments, passively managed funds follow an index. Investors should be aware of the advantages and disadvantages of each of those strategies.

If transactions are made more frequently, actively managed funds may become more expensive. Additionally, frequent trading may have tax repercussions. But if the index has a lot of turnover, the fund will too, therefore high turnover may potentially be a factor for passively managed funds.

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Xena and yena are partners in a firm. Zeesha is admitted as anew partner and the new profit sharing ratio is 1:2:2. The sacrificing ratio is 4:1. Calculate the old profit sharing ratio

Answers

To calculate the old profit sharing ratio, we need to consider the sacrificing ratio, which represents the ratio in which the existing partners sacrifice their share of profits.

In this case, the sacrificing ratio is given as 4:1, which means Xena and Yena are sacrificing in the ratio of 4:1, respectively. Let's assume the old profit sharing ratio for Xena and Yena as "a" and "b," respectively.

The sacrificing ratio can be calculated as (Old Share - New Share). Therefore, we can set up the following equation:

4:1 = (a - 1):(b - 2)

Since the new profit sharing ratio is given as 1:2:2, we can express it as a ratio:

1:2:2 = a:(b + 1):(b + 2)

Now, we can solve these equations simultaneously to find the values of "a" and "b" and determine the old profit sharing ratio.

Using the second equation, we can express "a" in terms of "b":

a = (b + 1)

Substituting this value in the first equation, we get:

4:1 = ((b + 1) - 1):(b - 2)

Simplifying further, we have:

4:1 = b:(b - 2)

Cross-multiplying, we get:

4(b - 2) = b

4b - 8 = b

3b = 8

b = 8/3

Substituting the value of "b" back into the equation for "a," we find:

a = (8/3) + 1 = 11/3

Therefore, the old profit sharing ratio for Xena and Yena is 11:8.

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Which Medigap policy plan provides coverage for long-term custodial care? O a. Plan B o b. Plan C oc. Plan F od. Medigap policies do not cover long-term custodial care.

Answers

Long-term custodial care includes assistance with daily living activities such as bathing, eating, and dressing. Medigap policies are designed to help seniors with the costs of healthcare that Medicare does not cover. Medigap policies do not cover long-term custodial care; therefore, the answer is option d.

Medigap policies are insurance policies that help seniors cover the costs of healthcare that Original Medicare does not cover. Some of the costs that are covered by Medigap policies include coinsurance, copayments, and deductibles. They do not cover other costs such as prescription drug costs or long-term custodial care.The long-term custodial care services that Medigap policies do not cover are provided in nursing homes, adult day care centers, and at home. Medicare does not pay for long-term custodial care services. Therefore, seniors who need this type of care must rely on other forms of insurance coverage or pay out-of-pocket for the cost of care. Long-term care insurance is one of the options that seniors have to cover the cost of custodial care in a nursing home or at home.In conclusion, Medigap policies do not provide coverage for long-term custodial care. Seniors who need this type of care must seek other forms of insurance coverage or pay out-of-pocket for the cost of care.

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Task 2: Savings, Investments, and Risk Management for a Middle-Aged Professional
Talk to a 40-year-old business professional with a family that includes a spouse and children.
This person can be a family member, friend, or mentor. List and describe the savings,
investments and risk management strategies for this phase of life. Describe how financial
planning has changed from the earlier phase of life.

Answers

Some risk management responses that a middle age professional can give include avoiding overspending, making reasonable budgets, having a substitute plan in place for unforeseen events.

What are the investments and strategies?

A middle age professional can invest in real estate business. They could also make it a point to spend carefully and avoid lending money to people who will not pay back.

Of course, they should ahve a stable job that gurantees regular income. in addition to this, there should be a mitigation plan for unforeseen events. These strategies can help them financially.

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what your name answer in 1 minute​

Answers

Answer:

Adrean :)

Explanation:

eugh

The type and quantity of each type of direct material needed to complete a unit of product is listed on the ______.

Answers

People often demand for goods. The type and quantity of each type of direct material needed to complete a unit of product is listed on the A bill of materials.

What does a A bill of materials contains?

A bill of materials is known to contains;

The quantity of each direct material that is required to complete a unit of product.The type of each direct material that is required to complete a unit of product.

Direct materials costs are known to be recorded on the job cost sheet when the materials are issued to the specific job.

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Suppose you are a T-shirt producer in a market without price controls. You are charging a price that is below the equilibrium price for T-shirts. Market pressures will eventually _____ the price of your T-shirts.

Answers

Answer:

raise

Explanation:

In a market without price control, prices are determined by the forces of demand and supply. When price is below equilibrium price, market forces shift the price upward until equilibrium is reached.

If prices are above equilibrium price, market forces shift prices downward until equilibrium price is reached.

Equilibrium price is the price at which quantity supplied equals quantity demanded.

determine the sign of ∆ssys for each process. a. water boiling b. water freezing

Answers

a. Water boiling: During the process of water boiling, the water undergoes a phase change from a liquid to a gas.

b. Water freezing: During the process of water freezing, the water undergoes a phase change from a liquid to a solid. This phase change occurs at a constant temperature, known as the freezing point.

here some more information:

a) When water boils, the molecules transition from a more ordered state (liquid) to a more disordered state (gas). This increase in disorder leads to an increase in entropy (∆ssys) of the system. The energy input required to overcome intermolecular forces and convert water into vapor contributes to the positive change in entropy.

b) When water freezes, the molecules transition from a more disorder state (liquid) to a more ordered state (solid). This reduction in disorder leads to a decrease in entropy (∆ssys) of the system. As the molecules arrange themselves into a crystalline structure during freezing, the system becomes more organized, resulting in a negative change in entropy.

In summary, the sign of ∆ssys is positive for water boiling and negative for water freezing.

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Rita is considering a new career. Based on her previous experience, Rita knows that she needs to be organized and she enjoys being able to support other employees' efforts. She also enjoys working with people as part of a team. Which area(s) of the Business, Management, and Administration career cluster would be the best fit for Rita? Administration Business and Management Administration and Business Management

Answers

Answer:

A: Administration

Explanation:

Took the Unit Test Review. Your welcome guys ^^ Plz noone say I plagiarized iam just going off from the right answer i got from the review after submitting it

The correct answer to this question is: Business Management

Why is this considered as the correct career option for Rita?

Since Rita loves being organized, loves to support others and enjoys being part of the team at work place.Business management would be the best option out of the three, as that would cater to all her needs and requirements.Whereas, the other jobs aren't meant for all three to be contributed together.

What is the Business management?

Business management definition is managing the coordination and organization of business activities.

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started business with cash Rs 100000 and furniture Rs 50000​

Answers

Answer:

See below

Explanation:

Cash and furniture are assets. An increase in assets is debited. The amounts used to buy the in facilitating the transactions is the capital.

The journal entry will be as below,

Cash  A/c       Dr.  Rs 100,000

Furniture A/c   Dr.  Rs  50,000

Capital      A/c Cr.        Rs 150,000

What two factors influence an economic school of thought?(1 point)

Answers

Answer:

Free-market, or laissez-faire, economics and Keynesian theory.

Explanation:

The economic school of thought can largely be influenced by prevailing societal values and the historical context in which the theory is developed.

There are many factors that might influence an economic school of thought, but the two key elements are often prevailing societal values and historical context. Prevailing societal values can drastically influence an economic philosophy.

Furthermore, the historical context in which an economic thought emerges is crucial. Economists develop their theories in response to the economic challenges and realities of their time. The Great Depression deeply influenced Keynesian economics, and the stagflation of the 1970s prompted a shift towards monetarism.

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Managers who are ______ believe that native managers in the foreign offices best understand native personnel and practices, and so the home office should leave them alone.

Answers

Managers who are Ethnocentric believe that native managers in foreign offices best understand native personnel and practices, and so the home office should leave them alone.

This is further explained below.

What is Ethnocentric?

Generally, The use of one's own culture or ethnicity as a reference point to assess other cultures, customs, behaviors, ideas, and individuals is what is meant by the word "ethnocentrism," which is used in the areas of social science and anthropology as well as in daily spoken English.

This is done in place of judging the specific culture based on its own norms, which would be inappropriate.

In conclusion, Ethnocentric managers are those that hold the belief that native executives working in foreign offices have the best understanding of the local staff and procedures and that the home office ought to leave them alone because of the competence that they possess in these areas.

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The Gencral Gandards Foran Attestation Are Different From That Of The Auditing Principle Because They Require: The Repart From

Answers

The General Standards for an attestation are different from that of the auditing principle because they require more detailed reporting. An attestation audit is an evaluation of an organization's financial statements, processes, and controls.

Attestation standards are used to provide assurance that an organization's financial statements are accurate and complete. Here, attestation refers to the assessment of a company's internal controls, financial statements, and data, while auditing principles apply only to financial statements.

In order for an auditor to provide an attestation, they must adhere to a set of general standards that apply to all engagements. These standards cover the following areas: Independence:

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Which party is the most interested in a secured transaction?

Answers

Answer:

mark me as brainliest and give me 5 star

Explanation:

Generally, a secured transaction is a loan or a credit transaction in which the lender acquires a security interest in collateral owned by the borrower and is entitled to foreclose on or repossess the collateral in the event of the borrower's default. The terms of the relationship are governed by a contract or security agreement. A common example would be a consumer who purchases a car on credit. If the consumer fails to make the payments on time, the lender will take the car and resell it, applying the proceeds of the sale toward the loan. Mortgages and deeds of trust are other examples. In the United States, secured transactions in personal property are governed by Article 9 of the Uniform Commercial Code.

Answer:

Bank

Explanation:

just did it

A student is graduating from college in six months but will need a loan in the amount of $3,725 for the last semester. the student may receive either an unsubsidized stafford loan or a plus loan. the terms of each loan are: unsubsidized stafford loan: annual interest rate of 4.65%, compounded monthly, with a balance of $3,901.95, at the time of repayment plus loan: annual interest rate of 5.65%, compounded monthly with payment deferred until graduation which loan will have a lower balance and by how much at the time of repayment?

Answers

A loan will have a lower balance and by much at the time of repayment $142.13.

What is loan?

A loan is any sum of money, a piece of property, or other tangible item that is given to another party with the understanding that it will be paid back, plus interest, at a later date. A loan was the pay with interest.

Calculated the repayment of loan:

Given,

loan in the amount of $3,725

Annual interest rate of 4.65%

compounded monthly, with a balance of $3,901.95

annual interest rate of 5.65%

monthly interest rate is 4.65% ÷ 12

monthly interest rate = 0.3875%.

monthly interest rate is 5.65%  ÷ 12

monthly interest rate = 0.4708%.

balance = principal x (1 + monthly interest rate)^ number of compounding periods

balance = $3,725 x \((1 + 0.003875)^6\)

balance = $3,901.95

balance = principal x (1 + monthly interest rate)^ number of compounding periods

balance =  $3,725 x \((1 + 0.004708)^6\)

balance = $4,044.08

Amount of loan = $4,044.08 - $3,901.95

Amount of loan = $142.13.

As a result, the significance of the loan will have a lower balance in period of repayment is $142.13.

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1.
In 2016, a market had sales of £350.000. In 2017, the market grew by 5%.
Calculate the new market size in sales value.

Answers

Answer:

The new market size in sales value is 367,500

Explanation:

Answer:

£367,500

Explanation:

the market was £350,000 in 2016.

in 2017, the market grew by 5%.

the new market size will 5% more than 2016.

if 2016 was 100%, 2017 will be 105%

2017 = 105% x £350,000

=105/100 x £350,000

=1.05 x £350,000

=£367,500

4. Suppose that you own a store that sells athletic shoes. You survey your customers and
analyze your sales data to see how many pairs of shoes you can expect to sell at various
prices. Your research enables you to make the following market demand schedule.
Qd
O
10
20
40
70
110
P($) of pair of shoe
175
150
125
100
75
50

Answers

Answer:

70

Explanation:

The market demand schedule shown shows the relationship between the price of a pair of athletic shoes (P, in dollars) and the quantity that consumers are willing to buy (Qd).

The number of shoes customers are willing to buy at different price points is shown in the table. The timeline of market demand is summarized as follows:

Price ($) of a pair of shoe (P):

$175, $150, $125, $100, $75, $50

Quantity demanded (Qd):

10, 20, 40, 70, 110

For example, a customer may want 10 pairs of shoes at a price of $175 per pair. Following the law of demand, which holds that when the price of a commodity decreases, the quantity demanded increases, all else being equal (all other things held constant), the quantity demanded increases when the price decreases. She goes. The store owner can use this market demand timeline to make pricing decisions that will maximize sales and revenue by better understanding consumer behavior.

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In what three ways does the government affect production of goods and services in the US economy?

Answers

Government activity affects the economy in four ways: The government produces goods and services, including roads and national defense. Less than half of federal spending is devoted to the production of goods and services

The ge financial management program is designed to help potential employees develop leadership and analytical skills by cycling them through short-term, key assignments in financial planning, accounting, operations analysis, auditing, forecasting, cash management, and commercial finance. What type of work challenge stressor does this demonstrate?.

Answers

Work complexity type of work challenge .

What causes complexity?

Complexity can come from both inside the system and outside of it. Modern hardware, such as super-scalar CPUs, is an example of an internal source, and the requirements for modifying previously successful systems are an example of an external source.

Why is complexity important in business?

Complexity problems that corporate leaders must address the fact that complexity stifles innovation, which is essential for organizations looking to develop new products and revenue sources, is particularly problematic. Collaboration and the ability of firms to communicate knowledge across teams are killed by complexity.

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Too little of a good or service is produced when there is a?

Answers

The term "scarcity" is used to describe the situation in which there are limited resources available to produce goods and services, which results in too little of a good or service being produced.

Scarcity is the foundation of economics, as it necessitates making choices about how to allocate resources to meet the demands of society. Scarcity occurs when there are limited resources to produce a certain good or service, or when resources are insufficient to satisfy the demands of society. Scarcity is caused by several factors, including a lack of natural resources, population growth, and technological advancement.

As a result, the production of goods and services is limited, and societies must choose how to allocate their limited resources. Scarcity affects the production of goods and services because it necessitates the allocation of limited resources. Since there are limited resources available to produce goods and services, producers must decide how to allocate these resources effectively.

As a result, goods and services that are in high demand may be prioritized over those that are not in high demand. Furthermore, scarcity causes prices to increase as the demand for goods and services rises while the supply of resources remains limited. This, in turn, impacts the purchasing power of consumers, which may influence their decisions regarding what goods and services to purchase.

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Lisi Crichton operates a variety store. Her brother does custom welding and made some racks to hold videos. Lisi gave her brother $5,000 cash and did not get a bill. A similar rack was on display at a department store for $1,000. You are told to book an expense on the company financial statement for $5000. What will you book the amount for?

Answers

Answer:

$1,000

Explanation:

Fixed assets must be recorded at historic cost or purchase value. Their valuation is not affected by changes in market values, e.g. land might appreciate over time, but its historic cost will be used for accounting purposes.

In this case, Lisi doesn't have a bill to show the price of the rack, and since she paid in cash, she has no way of proving what she actually paid for it. In this case, in order to record the purchase of the rack you must use the fair market value of similar racks.

Imagine if someone could just say that they purchased things at X price but didn't get a bill, soon people would be recording buying pencils at $500 each because they are gorgeous and perfectly crafted.

What should you, the worker, be aware of with regard to evacuation procedures at your workplace?
(select two answers)
(a) when you get back into the building
(b) evacuation plans
(c) what to do when the emergency has passed
(d) how long the emergencies will last

Answers

With regard to evacuation what one has to be aware of would be

evacuation planshow long the emergencies will last

What is meant by evacuation?

This is the term that is used to refer to all that would have to be done in order to get all the occupants of a building out of it due to an emergency that is occurring in the building. The need for evacuation is often due to emergency that could cause a loss of life. An example of such incidence would during a fire outbreak.

Hence we can say that With regard to evacuation what one has to be aware of would be

evacuation planshow long the emergencies will last

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Five key success factors for a successful business

Answers

Answer:

Plz mark me as brainliest

Explanation:

the 5 Key Success Factors are:

Strategic Focus (Leadership, Management, Planning)

People (Personnel, Staff, Learning, Development)

Operations (Processes, Work)

Marketing (Customer Relations, Sales, Responsiveness)

Finances (Assets, Facilities, Equipment)

-Fiscal and Monetary Discussion-

Come up with an original scenario that will show an economy in either contraction or expansion. Use the appropriate economic indicators to allow a classmate to be able to identify the phase your economy is in.


-Please let me know what phase the economy is in but don’t add that in the discussion so my classmates can guess for them selves

Answers

With regard to Fiscal and Monetary Discussion, in the past year, the country of Marland has experienced a surge in economic activity due to a boom in the technology industry.

What is the explanation for the above response?

As a result, Marland's gross domestic product (GDP) has increased by 5% and unemployment has decreased to 4.5%. However, this increase in economic activity has also led to an increase in inflation, with consumer prices rising by 3%.

In response, the central bank has raised interest rates to 3%, leading to a decrease in consumer spending and a slowdown in housing construction. The government has also increased taxes on luxury goods to combat inflation. These actions have resulted in a decrease in business investments, leading to a contraction in the economy.

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