A computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents is called electronic funds transfer (EFT).
A digital transfer of finances from one bank account to another is known as an "electronic funds transfer" (EEFT), occasionally known as a "direct deposit." These transfers are conducted without the involvement of bank workers. It's a digital sale, therefore no paper attestation is needed.
Due to its ease of use, availability, and honesty, EFT has surpassed other plutocratic transfer styles as the most popular choice. Paper checks are becoming less common as businesses increasingly use EFT because it is cheaper, faster, and requires less labor overall. One of the most appealing aspects of the EFT is its security.
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Businesses in a country are listed by size: small, medium, and large. Explain why business size is an example of an ordinal-scaled variable.
Answer:
The business-size contain values that may be used as a rank or order of a categorical variable.
Explanation:
Business size is an example of an ordinal scaled variable because it has a value that is used to rank the categorical variables. However, the variable size in the business is used to categorizing the business in small, medium, and large forms. moreover, the ordinal scaled variable exhibits the variables where the order matters but the difference between orders does not matters. That is why business size is an ordinal scaled variable.
which step of the personal-selling process is difficult because it requires the salesperson to overcome the fear of being rejected?
The step of the personal-selling process is difficult because it requires the salesperson to overcome the fear of being rejected is handling objections.
This step is challenging because the salesperson must be prepared for the customer's doubts and be able to provide appropriate solutions and convincing arguments to persuade the customer to make a purchase.
The fear of being rejected arises because the salesperson might feel that their efforts may not be successful in overcoming the customer's objections, leading to a lost sale. The salesperson deals with any doubts or questions the customer may have about the product or service during the objection-handling stage.
To excel in the personal-selling process, the salesperson should develop effective communication skills, active listening, and a deep understanding of the product or service to address the customer's concerns confidently.
By doing so, the salesperson can mitigate the fear of rejection and increase the likelihood of successfully closing the sale.
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Complete Question:
Which step of the personal-selling process is difficult because it requires the salesperson to overcome the fear of being rejected?
a. pre-approach
b. handling objections
c. sales presentations
d. approach
e. closing the sale
What is the percentage of Internet searches conducted via mobile phones?
89%
77%
over 50%
under 40%
Answer:
Over 50%
Explanation:
Globally, 68.1% of all website visits in 2020 came from mobile devices—an increase from 63.3% in 2019
In 1995, Mexico joined NAFTA. U.S. tariffs on imports from Mexico and Mexican tariffs on imports from the United States are gradually being removed. How have the quantity of U.S. exports to Mexico and the U.S. government's tariff revenue from trade with Mexico changed?
Answer:
a) Increase in export
b) decrease in Tariff revenue
Explanation:
a) The Quantity of U.S exports to Mexico will increase due to the decrease in market price of goods imported from US to Mexico which is occasioned by the removal of Mexican tariffs on imports from the United states .
b) The US tariff revenue from trade with Mexico will decrease drastically
Import Tariffs are one of the ways Government generates revenue for the economy hence when these tariffs are removed the revenue generated will be non-existent .
2. If changes happen during September or October, which expenses will you be able to change most easily? Give an example of how you could make a change. (5 points)
The correct answer to this open question is the following.
Although the question does not provide any context, references, or give options, we can say that if changes happen during September or October, the expenses you will be able to change most easily are according with the provisions projected in the annual plan, the budget, compared with the monthly expenses.
That is why a company has to elaborate on a good financial plan and overseeing the projections and true sales of the marketing and sales plan. This is important to take the proper control of expenses and revenues. Depending on the volume of sales during September and October, you can decide what kind of changes or adjustments to make in the following months.
Answer:
I would be able to change the variable expenses most easily. Such as food, clothing, and discretionary spending.
I could make the change by
Budgeting in October:
food from spending -$70 back to -$60
cut clothes off since I bought some already from -$40 to $0
budget my discretionary spending from -$60 back to -$40
This would increase my savings to $230
Who heads each of the branches of federal reserve banks and looks after their functioning?
Answer: The chair of the board, governors of the federal reserve system is the chief of the federal reserve which is the central banking system of the United States.
Answer:
Board of Governors
Explanation:
Which of the following statements is true regarding the education tax credits? a. The American Opportunity credit is calculated per taxpayer, while the lifetime learning credit is available per eligible student. b. The lifetime learning credit is available for qualifying tuition and related expenses incurred by students pursuing only graduate degrees c.Continuing education expenses do not qualify for either education credit Od. The American Opportunity credit permits a maximum credit of 20% of qualified expenses up to S 10,000 per year. e. None of these statements are true.
The correct statement regarding the education tax credits is The American Opportunity credit is calculated per taxpayer, while the lifetime learning credit is available per eligible student. Option A
The American Opportunity Credit is available to taxpayers who have paid for the qualified educational expenses of an eligible student in the first four years of college. The credit is calculated per taxpayer, with a maximum credit of up to $2,500 per eligible student.
On the other hand, the Lifetime Learning Credit is available per eligible student who is enrolled in one or more courses at an eligible educational institution. The credit can be used for both undergraduate and graduate courses and has a maximum credit of up to $2,000 per tax return.
Therefore, option (a) is the correct statement regarding the education tax credits. Option (b) is incorrect because the Lifetime Learning Credit is available for both undergraduate and graduate degree courses. Option (c) is also incorrect because both education tax credits can be used for qualifying expenses related to continuing education.
Option (d) is incorrect because the maximum credit for the American Opportunity Credit is 100% of the first $2,000 of qualified expenses and 25% of the next $2,000, for a total maximum credit of $2,500 per eligible student. Option A is correct.
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If a picture is too large for a place holder, it will __________.
A. crop itself to fit inside of a placeholder
B. make the placeholder bigger
C. resize itself to match just the height of the place holder
if the picture is too large for the placeholder it will crop to the size of the placeholder. Thus the correct option is A.
What is place holder?A fictional picture used as a replacement is intended to highlight the requirement for a real image. Photographs and their arrangement can be better understood and interpreted by using placeholders.
Rectangular boxes on the screen's right side can be clicked to insert the necessary presentation media. Editors can quickly insert slide presentations including text, images, and videos using the placeholders.
Therefore, option A is appropriate.
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Answer:
If the picture is too large for the placeholder it will crop to the size of the placeholder.
Explanation:
Name and describe four trade barriers.
Answer:
subsidies, standardization, tariffs, quotas, and licenses.
Explanation:
The main types of trade barriers used by countries seeking a protectionist policy or as a form of retaliatory trade barriers are subsidies, standardization, tariffs, quotas, and licenses.
what is the classification restricted foreign bank account
Foreign banks' restricted deposits that can't be withdrawn right away are withheld from cash and shown as receivables.
Despite having their headquarters and registration in another country, foreign banks have branches here. A foreign bank branch is a particular form of foreign bank that must follow by the regulations of both the host and the home countries. Because their loan limits are set by the overall bank capital, foreign bank branches are able to offer larger loans than subsidiary banks. The international significant bank may be small in one location, but it is truly a part of a larger bank, despite the fact that. It gains from the capital base of the bigger organisation as a result.
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What are the key characteristics of a well-designed performance appraisal?
Select all that apply.
Focus on job-related tasks
Conducted by a trained manager
Based on company policy
Opportunities for employee feedback
Clear management feedback
The key characteristics of a well-designed performance appraisal include a focus on job-related tasks, being conducted by a trained manager, based on company policy, providing opportunities for employee feedback, and clear management feedback.
How can you describe the well-designed performance ?Firstly, the performance appraisal should focus on job-related tasks to ensure that the evaluation is objective and fair. This means that the appraisal should measure employee performance against job-related criteria, such as job responsibilities, goals, and objectives.
Secondly, a well-designed performance appraisal should be conducted by a trained manager who has experience in conducting appraisals and who understands the company's policies and procedures for conducting them.
Thirdly, the appraisal should be based on company policy, ensuring that all employees are evaluated in a consistent and fair manner.
Fourthly, there should be opportunities for employee feedback, allowing employees to provide their input on their own performance and the appraisal process.
Finally, the appraisal should provide clear management feedback, including specific examples of areas where the employee has excelled, as well as areas where improvement is needed. This feedback should be constructive and provide guidance for the employee on how to improve their performance.
Overall, a well-designed performance appraisal should be fair, consistent, and provide valuable feedback to both the employee and the manager.
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If you take out a loan that costs $321.62 over eight years at an interest rate of 2%, how much was the loan for
Answer:
the amount of the loan is $2,010.13
Explanation:
The computation of the amount of the loan is shown below:
As we know that
Simple interest = Principal × rate × time period
$321.62 = Principal × 2% × 8
$321.62 = Principal × 16%
SO, the principal is
= $321.62 ÷ 16%
= $2,010.13
Hence, the amount of the loan is $2,010.13
The above formula should be applied for the same
Why do some auto insurance customers want medical coverage for their
policies?
A. To help find the best hospital to care for people they injured in a
car accident
B. To keep from having to make a co-pay in case of a minor injury
after an accident
C. To avoid having to pay for hospital bills resulting from an accident
they cause
D. To prevent uninsured motorists from suing them for injuries they
cause
9514 1404 393
Answer:
C. To avoid having to pay for hospital bills resulting from an accident they cause
Explanation:
The purpose of any sort of insurance is to limit or eliminate the policy-holder's liability. Medical insurance in an auto policy pays for medical bills the policy-holder might otherwise be liable for as a consequence of an auto accident.
The income tax rate in a state is a flat 10 percent. Based on that rate, who has the higher tax burden?
Annual Income
Alex - $20,000
Beatrice - $190,000
Julio - $80,000
Roberta - $60,000
Alex
Beatrice
Julio
Roberta
Answer:
Beatrice
Explanation: she makes the most money so she has to pay more in tax
Based on the tax rate and the annual income of the people, the person with the higher tax burden is Beatrice.
Flat Rate Tax Refers to when a specific rate of tax is imposed. Leads to those who are paid higher having a higher tax burden. Leads to lower income earners having less money after tax.Beatrice is the highest earner in the group as they earn $190,000. They will therefore have the highest tax burden of $19,000 as opposed to the others who have lower salaries.
In conclusion, Beatrice is correct.
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If you are interviewed by more than one person, you should send a thank-you note to _____.
each person in the interview
each person you see in the building
the first person you are introduced to
the person who is obviously leading the interview
Answer:
option A is correct.
i.e.
each person in the interview.
Explanation:
Because thank-you letter provides a simple but effective way to express gratitude to all the individuals you met with.
This is really for Economics but...
How are wages affected by the market?
Answer:
They could help give stock to the store/s that's using them. Or, they are the ones getting money for the produce or business, but it helps them get more and more resources for their store.
Explanation:
Answer:
Economists argued that wages are determined by demand and supply.They called it the theory of wage determination They said The price of labor is determined in the free market like every other price by intersection,Supply and demand.
Explanation: that took me a moment to think that out for it to be understandable so it doesn't disorient you
Interdependence results from:
Answer:
promotive interactionExplanation:
Positive interdependence (cooperation) results in promotive interaction where individuals encourage and facilitate teammates' efforts to complete the task. Negative interdependence (competition) encourages contrient interaction where team members work to oppose or block the success of others on their team while working to further their own, individual goals.
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Why do lower labor costs in other countries lead to job loss in the United
States?
A. Foreign governments can charge higher tariffs and make more
revenues.
B. Foreign producers are able to insource and make higher profits.
C. Workers migrate in search of better-paying jobs.
D. It enables foreign producers to undersell domestic producers.
Answer:
Foreign producers are able to insource and make higher profits.
Explanation:
yes its so because the foreign producers cause people to work for them instead so u need to buy products made in your own country.
Answer:
C. workers migrate in search of better paying jobs
Explanation:
lets say in japan they started paying people 10 fold more than before, and in the us they payed 2x less then before, then people would migrate to japan for better jobs. Source: trust me bro
ept. 1 Kawabata begins practice as a dentist and invests $20,000 cash.
2 Purchases dental equipment on account from Green Jacket Co. for $17,280.
4 Pays rent for office space, $680 for the month. 4Employs a receptionist, Michael Bradley.
5 Purchases dental supplies for cash, $942.
8 Receives cash of $1,690 from patients for services performed.
10 Pays miscellaneous office expenses, $430.
14 Bills patients $5,820 for services performed.
18 Pays Green Jacket Co. on account, $3,600.
19 Withdraws $3,000 cash from the business for personal use.
20 Receives $980 from patients on account.
25 Bills patients $2,110 for services performed.
30 Pays the following expenses in cash: Salaries and wages $1,800; miscellaneous office expenses $85. (Record each separately.)
30 Dental supplies used during September, $330. Record depreciation using a 5-year life on the equipment, the straight-line method, and no salvage value.
Prepare a classified balance sheet, a single step income statement, a statement of cash flow using the direct method and a statement of stockholders' equity.
To prepare the requested financial statements, we need to follow a step-by-step process. Let's start with the classified balance sheet:
1. Classified Balance Sheet:
- Assets:
- Current Assets:
- Cash: $20,000 (initial investment) + $1,690 (cash from patients) + $980 (receivable from patients) - $3,000 (withdrawal for personal use) = $19,670
- Accounts Receivable: $5,820 (billed to patients) - $980 (received from patients) = $4,840
- Dental Supplies: $942 (purchased)
- Prepaid Rent: $680 (rent for the month)
- Property, Plant, and Equipment:
- Dental Equipment: $17,280 (purchased) - $330 (depreciation) = $16,950
- Liabilities:
- Current Liabilities:
- Accounts Payable: $3,600 (owed to Green Jacket Co.)
- Salaries and Wages Payable: $1,800 (to be paid)
- Long-term Liabilities: None mentioned
- Stockholders' Equity: None mentioned
Next, let's prepare the single-step income statement:
2. Single-Step Income Statement:
- Revenue:
- Fees Earned: $5,820 (billed to patients) + $1,690 (cash from patients) + $980 (receivable from patients) = $8,490
- Expenses:
- Rent Expense: $680
- Office Expenses: $430 (miscellaneous) + $85 (salaries and wages) = $515
- Depreciation Expense: $330
- Net Income: Revenue - Expenses = $8,490 - $680 - $515 - $330 = $7,965
Moving on to the statement of cash flows using the direct method:
3. Statement of Cash Flows (Direct Method):
- Cash Flow from Operating Activities:
- Cash received from patients: $1,690 + $980 = $2,670
- Cash paid for miscellaneous office expenses: $430
- Cash paid for salaries and wages: $1,800
- Net cash provided by operating activities: $2,670 - $430 - $1,800 = $440
- Cash Flow from Investing Activities:
- Cash used to purchase dental equipment: $17,280
- Net cash used in investing activities: $17,280
- Cash Flow from Financing Activities:
- Cash paid to Green Jacket Co.: $3,600
- Cash withdrawn for personal use: $3,000
- Net cash used in financing activities: $6,600
- Net Increase in Cash: Net cash provided by operating activities + Net cash used in investing activities + Net cash used in financing activities = $440 - $17,280 - $6,600 = -$23,440 (decrease)
Lastly, let's prepare the statement of stockholders' equity:
4. Statement of Stockholders' Equity:
- No information is provided regarding any changes in stockholders' equity, so we cannot prepare this statement.
Please note that the information provided in the question was limited. If any additional details were available, we could have provided a more comprehensive analysis.
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Which type of investment would be an example of an
investment at point B?
* a US savings bond
O a CD
O a stock
O a savings account
If the approximate market value for of a $1,000 corporate bond is $1,200 and it pays 6 percent interest, then what are comparable bonds paying?
The comparable bonds pay a 5% interest rate when the approximate market value of a $1,000 corporate bond is $1,200 and it pays 6 percent interest.
What are bonds?A bond is a type of financial security in which the issuer owes the holder debt and is obligated depending on the terms to repay the principal of the bond as well as interest over a specified period of time.
Given that,
Approximate market value of $1,000 is $1,200
Interest rate is 6%
\(\rm\,Annual \; Interest = (face \; value)\times Interest \; rate\\ \rm\,Annual \;Interest = 1,000 \times 6\%\\ \rm\,Annual \;Interest = 60\\\\Calculation of comparable bond interest rate:\\\\Approximate \;bond \;value = \frac{Annual\; interest}{Comparable \;interest\; rate} \\\\1200 =\frac{60}{Comparable\; Interest \;Rate} \\\\Comparable\; Interest\; Rate = 5\%\)
Hence, the comparable bonds pay a 5% interest rate.
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the price of a 3-year zero coupon government bond is 87.62. the par value of the zero coupon government bond is $100. the price of a similar 4-year bond is 78.81. what is the yield to maturity (effective annual yield) on the 3-year bond?
According to the given information, the yield to maturity (effective annual yield) on the 3-year bond is 4.5038404%
Three-year par value Bond with zero interest = $100
3 year zero coupon bond costs $87.62.
The following formula can be used to calculate a bond's effective yearly yield:
= \(\frac{face value}{price}^(^1^/^y^e^a^r^s^ t^o^ m^a^t^u^r^i^t^y^) -1\)
Hence effective annual yield on 3 year zero coupon bond is:
= \(\frac{100}{87.62} ^(^1^/^3^) -1\)
= \(1.141291942^(^1^/^3^) -1\)
= 1.045038404- 1
= 0.045038404 i.e. 4.5038404%
∴ Effective annual yield on 3 year zero coupon bond is 4.5038404%
The return on a bond with its interest payments (or coupons) reinvested at the same rate by the bondholder is known as the effective yield. Effective yield, as opposed to nominal yield, which is the stated interest rate of the bond's coupon, is the total return received by the investor. While nominal yield ignores the impact of compounding on investment returns, effective yield does.Bondholders can gauge their bond yields in a number of ways, including effective yield. The annual return on a bond calculated using its current price rather than its face value and its annual coupon payments is known as the current yield.Learn more about Effective annual yield, here
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What influenced Amazon's in choosing the HQ2 site?
Amazon selected Arlington, Virginia, and Long Island City, New York, as the initial HQ2 sites, but subsequently canceled the New York location due to local opposition. The final decision likely involved a careful evaluation and balancing of factors to determine the most advantageous location for Amazon's growth and expansion plans.
The selection of Amazon's HQ2 site was influenced by several factors. While Amazon has not publicly disclosed the exact criteria and considerations, there are several key factors that played a role in their decision-making process:
Talent Pool: Amazon was seeking a location with a strong and diverse talent pool to support its expansion plans. This included access to a skilled workforce in fields such as technology, engineering, and business.
Infrastructure: The availability of robust infrastructure, including transportation networks, airports, and logistics capabilities, was important for Amazon to efficiently serve its customers and manage its operations.
Incentives and Support: Economic incentives, tax breaks, and support from local and state governments were crucial factors. Amazon looked for locations that offered favorable business conditions and incentives to help offset the costs of establishing and operating the new headquarters.
Market Access: Proximity to key markets and access to a large customer base were considered. Being located in or near major metropolitan areas with strong economic growth potential and a vibrant business ecosystem was advantageous.
Quality of Life: The quality of life for employees was an important consideration. Factors such as affordability, access to amenities, cultural and recreational opportunities, and the overall livability of the area were evaluated.
Real Estate Availability: The availability of suitable real estate options, including office space and development opportunities, played a role in the site selection process.
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PLS HELP PLS
1. How has the job market changed?
2. Will computers/technology affect jobs? How? Or why not?
3. What does the future hold for your generation?
1. Employees in low-wage jobs saw the biggest decline in employment. Employment among low-wage employees decreased by 11.7 percent from February 2020 to February 2021, from 28.1 million to 24.8 million. This contrasts to a 5.4 percent drop in employment for middle-wage employees, who lost 5.5 million jobs during the same time.
2. Looking at the workforce as a whole, one of the more contentious issues surrounding the effects of computers on employment is that is creates and destroys jobs at different ends of the economy. Computers tend to create high-paying, high-skill technical jobs and destroy low-paying, low-skill jobs.
3. More than 2.5 million Alphas are born every week and by 2025 there will be almost two billion of them. Born to digital technology like it's a fifth element of nature, Alphas will be the wealthiest, the most intensely educated and most dynamic generation that human society has yet seen.
lavender inc , a computer manufacturing company, sells its products at costs that are lesser than its competitors as it wishes to gain profits in order to cover more of the competitive market. the company follows this method as it has high unit volumes. the scenario best illustrates the .
The company follows this method as it has high unit volumes. The scenario best illustrates the C. pricing strategy.
Pricing strategies are the methods and methodologies that businesses use to determine the prices for their goods and services. If price is the amount you charge for your items, product pricing strategy is how you determine that number.
Many businesses focus on acquisition to develop their firm, yet studies have shown that little changes in pricing can increase or decrease revenue by 20-50%.
Despite this, fewer than 5% of Fortune 500 organizations have functions dedicated to determining the best pricing. In the corporate sector, there is a missing potential to achieve immediate success with little work. Hence, Lavender's this scenario illustrates pricing strategy.
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Correct question:
Lavender Inc., a computer manufacturing company, sells its products at costs that are lesser than its competitors as it wishes to gain profits in order to cover more of the competitive market. The company follows this method as it has high unit volumes. The scenario best illustrates the _____.
A. acquisition strategy
B. cost-management strategy
C. pricing strategy
D. investment strategy
what benefits do you think its the best?
working knowledge of the functional areas of business.
ability to recognize an ethical dilemma and make the most appropriate response.
the ability to work effectively as a member of a team.
Explanation:
I think the (a) is the best.
early in 2021, the excalibur company began developing a new software package to be marketed. the project was completed in december 2021 at a cost of $66 million. of this amount, $44 million was spent before technological feasibility was established. excalibur expects a useful life of five years for the new product with total revenues of $110 million. during 2022, revenue of $33 million was recognized. required: 1. prepare a journal entry to record the 2021 development costs. 2. calculate the required amortization for 2022. 3. determine the amount to report for the computer software costs in the december 31, 2022, balance sheet.
Report $33M revenue in 2022 income statement and recognize $17.6M amortization expense in future periods until the end of the software's useful life.
To record the 2021 development costs, the following journal entry can be made:
Development Costs $44,000,000
Cash $44,000,000
The required amortization for 2022 can be calculated using the straight-line method:
Amortization Expense = (Total Development Costs - Residual Value) / Useful Life
Residual Value = $0
Useful Life = 5 years
Total Development Costs = \(\$66,000,000 - \$44,000,000\) = $22,000,000
Amortization Expense = \((\$22,000,000 - \$0) / 5\) = $4,400,000
Therefore, the required amortization for 2022 is $4,400,000.
The amount to report for computer software costs in the December 31, 2022, balance sheet can be calculated as follows:
Computer Software Costs = Total Development Costs - Amortization Expense
Computer Software Costs = \(\$66,000,000 - \$4,400,000\)
Computer Software Costs = $61,600,000
Therefore, the amount to report for computer software costs in the December 31, 2022, balance sheet is $61,600,000.
In addition, the amount of revenue recognized in 2022 of $33 million should be reported in the income statement. The remaining amortization expense of $17.6 million ($22 million - $4.4 million) should be recognized in future periods until the end of the useful life of the software package.
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What is the structure of Public corporation
Public corporate structures are managed by a board of directors. The members of the board are from all walks of industry and commerce. The chairmen of these corporations are appointed by the government. The entire capital is financed by the government.
What benefits might citizens of a Centrally Planned economy derive from a move toward a marked based system?
Citizens in a Centrally Planned Economy benefit from a shift toward a marked-based system. Higher economic growth, Increased access to products and services, More freedom and choice.
1. Higher economic growth: Transitioning to a market-based economy promotes competitiveness and efficiency, which can lead to increased economic growth.
2. Increased access to products and services: As the economy shifts toward a market-based system, residents will have more access to a broader range of goods and services, including imported commodities.
3. More freedom and choice: In a market-based economy, individuals have greater flexibility to pick whatever products and services they wish to buy, as well as more freedom to engage in a variety of economic activities.
4. Improved entrepreneurial incentives: A market-based economy may give incentives for entrepreneurs to innovate and produce new goods and services, resulting in increased economic growth and development.
5. More effective resource allocation: A market-based system supports efficient resource allocation since prices represent the real worth of commodities and services in the economy. This has the potential to boost economic efficiency.
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How can we apply accounting and bookkeeping in our daily lives?