Answer:
The answers are:
- When managers come up with their own plans, they are likely to be more committed to following through on them.
- The environment is a dynamic one, and department and front line managers can come up with more responsive plans than can central leadership.
Explanation:
Personally I consider a very good idea if the Board of Governors decides to hire planning specialists to help regional or local managers develop their own plans. There are several advantages with this approach:
Regional managers know their "markets" and how to act and deal with them. I guess most of the Board of Governors is made up of wealthy or very important members, and many times their reality is very different than that of normal regular people.
Also, if regional managers can come up with their own plans, they will be extremely motivated to follow them through. They know that if something goes wrong, all the fingers will blame them.
Answer: A. the 99 principle
Explanation:
This strategy, often called "charm pricing," involves using pricing that ends in "9" and "99."
With charm pricing, the left digit is reduced from a round number by one cent. We come across this technique every time we make purchases but don’t pay attention. For example, your brain processes $3.00 and $2.99 as different values: To your brain $2.99 is $2.00, which is cheaper than $3.00.
How is this technique effective? It all boils down to how a brand converts numerical values. In 2005, Thomas and Morwitz conducted research they called "the left-digit effect in price cognition." They explained that, “Nine-ending prices will be perceived to be smaller than a price one cent higher if the left-most digit changes to a lower level (e.g., $3.00 to $2.99), but not if the left-most digit remains unchanged (e.g., $3.60 to $3.59).”
Answer: 10.67%
Explanation:
Mr Madoff is offering to grow the current value of $1,000 to a future value of $1,500 in 4 years.
This is a future value problem.
1,500 = 1,000 * ( 1 + interest) ^ 4 years
( 1 + interest) ^ 4 = 1,500/1,000
( 1 + interest) = 4√(1,500/1,000)
1 + interest = 1.1066819197
Interest = 1.1066819197 - 1
= 10.67%
Answer:
The correct answer is letter "B": Clients can compare information from different institutions to make informed decisions.
Explanation:
The government puts special emphasis on regulating institutions' disclosures so that core information on benefits and responsibilities are provided to customers before they enter into a contract. By this, clients will be generally aware of what they are engaging in. Besides, they can compare information among different organizations so they can eventually choose the most convenient according to their needs.
Answer:
Contractionary fiscal policy to prevent real gdp from rising above potential real gdp would cause the inflation rate to be <u>LOWER</u> and real gdp to be <u>LOWER</u>.
Explanation:
A government engages in contractionary fiscal policy when it decreases spending or increases taxes. This is done to lower the economy's inflation rate, but it also decreases aggregate income which will decrease aggregate supply, resulting in a lower real gross domestic product.
