Comparative advantage is an economic theory that explains how nations benefit from specializing in producing goods in which they have a lower opportunity cost of production than their trading partner.
However, some assumptions of comparative advantage are considered unrealistic. The unrealistic assumptions of comparative advantage include fixed technology and imperfect competition in the market and fixed technology and imperfect competition in the labor market. In addition, immobile factors of production and higher transportation costs also seem unrealistic.Analysis of each unrealistic assumptionFixed technology and imperfect competition in the marketThis assumption states that the technology used in producing goods and services is fixed, and there is no scope for further improvement. Also, it suggests that there is no competition in the market, and firms have the power to set prices and influence demand for their products. This assumption seems unrealistic because technology is not fixed, and innovation is continuous. Moreover, competition is present in all markets, and it influences price and demand for goods and services.Fixed technology and imperfect competition in the labor marketThis assumption suggests that there is a fixed supply of labor in the market, and workers have identical skills. This assumption seems unrealistic because workers' skills vary, and they can acquire new skills through education and training. Additionally, workers can migrate from one country to another, increasing the labor supply.Immobile factors of production and higher transportation costsThis assumption suggests that factors of production, such as land, capital, and labor, are immobile across countries. Moreover, the transportation cost of goods and services is high, making it difficult to trade across countries. This assumption seems unrealistic because factors of production can be mobile across countries, and trade agreements can reduce transportation costs to a reasonable level.
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Moose utilities ltd. (MUL) borrowed $40,000,000 in U.S funds on January 1, year 1 at an annual interest rate of 12%. The load is due on December 31, Year 4, and interest is paid annually on December 31. The Canadian exchange rates for U.S dollars over the life of the loan were as follows:
January 1, year 1 CND $1.159
December 31, year 1 CND $1.168
December 31, year 2 CND $1.160
December 31, year 3 CND $ 1.152
December 31, year 4 CND $ 1.155
Exchange rates changed evenly throughout the year.
Required
Prepare journal entries for MUL for year 1.
Calculate the exchange gains or losses that would be reported in the profit of the company each year over the life of the loan.
In Year 1, Moose Utilities Ltd. (MUL) would record a journal entry to recognize the borrowing of $40,000,000 in U.S. funds. They would also record an exchange gain of $1,040,000, reflecting the increase in the Canadian dollar's value against the U.S. dollar.
In Year 1, Moose Utilities Ltd. (MUL) borrowed $40,000,000 in U.S. funds at an annual interest rate of 12%. To record this borrowing, MUL would make the following journal entry:
Debit: Cash $40,000,000
Credit: Long-term Debt $40,000,000
This journal entry acknowledges the receipt of cash from the loan and the creation of a long-term debt liability.
Additionally, MUL needs to account for the exchange gain or loss resulting from the fluctuation in the Canadian exchange rates. The loan was taken on January 1, Year 1, and the exchange rates changed evenly throughout the year. Given that the exchange rate on December 31, Year 1, was CND $1.168, higher than the rate on January 1, Year 1, MUL would recognize an exchange gain.
The exchange gain is calculated by taking the difference between the exchange rate at the end of the year and the initial exchange rate, and multiplying it by the loan amount. In this case, the exchange gain is ($1.168 - $1.159) × $40,000,000 = $1,040,000.
Therefore, MUL would make the following journal entry to record the exchange gain:
Debit: Exchange Gain $1,040,000
Credit: Foreign Exchange Reserve $1,040,000
This journal entry acknowledges the increase in value resulting from the exchange rate change and represents the exchange gain reported in the company's profit for Year 1.
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SEND HELP ASAP 10 points
Two people quit work and begin college at the same time. Their salary and education information is given in the table below.
Salary prior to school
Years attending college
Total cost of college
Salary upon graduating
Person A
$18,000
3
$45000
$33,000
Person B
$27,000
4
$30,000
$37,000
Choose the true statement.
a.
Person A recovers their investment in a shorter amount of time.
b.
Person B recovers their investment in a shorter amount of time.
c.
They recover their investments in the same amount of time.
d.
There is too little information to compare the time to recover their investments.
Please select the best answer from the choices provided
A
B
C
D
Answer:
A
Explanation:
One year headstart
Sally earns $3200 per month. If 6.2% is withheld for Social Security and 1.45% is withheld for Medicare, how much is withheld for FICA tax each month? Round your answer to the nearest cent, such as: $328.13.
Answer:
$244.8
Explanation:
Calculation for how much is withheld for FICA tax each month
FICA tax =($3200 per month*Social Security 6.2%)+($3200 per month*Medicare 1.45%)
FICA tax =$198.4+$46.4
FICA tax =$244.8
Therefore how much is withheld for FICA tax each month is $244.8
Mona Elliott’s gross pay is $33,500 a year. The state income tax rate is 3 percent of taxable wages. Elliott takes a single exemption for herself. Using Figure 2.1, how much is withheld a year for state income tax?
Answer: $960
Explanation:
Mona Elliott’s gross pay = $33,500
State income tax rate = 3%
Single exemption = $1500
The amount that'll be withheld a year for state income tax will be calculated as:
= Tax rate × (Gross pay - Single exemption)
= 3% × ($33500 - $1500)
= 3% × ($32,000)
= 3/100 × $32,000
= 0.03 × $32,000
= $960
which prerequisites must be fulfilled before you can use negative postings? note: there are 2 correct answers to this question. a. the company code must permit negative postings
Positivity must be allowed in the workplace code of conduct. All bad postings must have reversals grounds configured. Document splitting is turned on in your organizations code.
An entity, such as a business, institution, or association, that is made up of one or more people and has a specific function is known as an organization or organization (Commonwealth English; see spelling variations). The word is derived from the Greek word organon, which also refers to an instrument, an organ, and many tools.
There are many different legal types of organizations, such as corporations, governments, non-governmental organizations, political organizations, international organizations, armed forces, charities, not-for-profit corporations, partnerships, cooperatives, and educational institutions, among others. An organization that concurrently performs functions for the public good and expands commercial market activities is known as a hybrid organization.
A voluntary association is a group made up of volunteers. Depending on the jurisdiction, these groups may be permitted to function without following any legal requirements.
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What are five key features of a centrally-planned economy?
Answer: See explanation
Explanation:
A centrally planned economy is simply refered to as an economic system whereby the decisions regarding how resources will be allocated and distributed are done by the government.
Some of the features of a centrally planned economy include:
1. Ownership by the government.
2. The government is responsible for making economic decisions such as what to produce, for whom to produce and also how to produce.
3. Prices in the centrally planned economy are set by the price controls.
4. The economy is bureaucratic.
5. Laws are made by the government in the economy.
What is a command economy controlled by?
Command economy is controlled by the Central Government.
A command economy is a key aspect of a political system in which a central governmental authority dictates the levels of production that are permissible and the prices that may be charged for goods and services. Most industries are publicly owned. The main alternative to a command economy is a free market system in which demand dictates production and prices. The command economy is a component of a communist political system, while a free market system exists in capitalist societies.
In a command economy, the central government dictates the level of production of goods and controls their distribution and prices. Proponents of command economies argue government control rather than private enterprise can ensure the fair distribution of goods and services.
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1) Identify a shortage of any good or service on your economy mention 5? Explain why the shortage occurred?
2) Compare and contrast the aims and objectives of a government funded swimming pool and a private health and leisure club?
3) List 4 advantages and 4 disadvantages of-
a) free market economy
b) command economy
c)mixed economy
Five business ideas that interest me are starting a pet sitting service, opening a place that help disabled pets, opening up a place that can provide care for the mentally challlenged, starting a daycare service, and starting a service that helps parents with mentally challenging children. I think the best opportunity for me is to start a pet sitting service since it has a low startup cost, I can coose when I work and how many animals I have at a time. I can also work a job while doing this on the side, or until this grows enough to support me.
Explanation:
This can be an interesting idea to start entrepreneurship, since starting a pet sitter service just requires liking animals and publicizing the service, which can be done for free through social media. I believe this is a good opportunity to learn more about managing your own business, meeting a new network of people and understanding the service market, as well as being a source of extra income.
Entrepreneurship is all about identifying people's needs and turning them into products and services that can be profitable, in addition to being a great tool to assist in the development of individual skills, market knowledge, innovation capacity, etc.
Which measure of central tendency would a baseball manager be most likely to rely on in picking a pinch hitter in a tie game
Answer:
mean
Explanation:
In an ad, a _____ consists of words that are read first and contains the largest type on the page.
A. headline
B. pasteup
C. picture caption
D. seal
E. body copy
In an ad, a headline consists of words that are read first and contains largest type on the page.
What is a headline?The phrase used as a title or header provides a brief summary of the article's style or subject matter that follows below it. It wasn't until the late 19th century, when newspaper competition was at an all-time high and attention-grabbing headlines were encouraged, that the large type front page headline was first used. A news hed, a deliberate mistake that dates from production flow during busy type days, is occasionally used to communicate to the composing room that a written comment from an editor concerns a headline and should not be placed in type. The most important item on the first page may have a larger title if the subject is one of great importance.
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Which of the following is true regarding the law of scarcity?A) It states that the wants of a consumer will never be satisfied completely.B) It indicates that the wants of a consumer will be satisfied in a socialistic system.C) It is only for underdeveloped countries.D) It is not for rich and developed countries
Option A is correct. Law of scarcity states that the needs of a customer won't ever be fulfilled totally
The law of scarcity is a financial rule that expresses that assets are restricted, and hence, needs are more noteworthy than assets accessible to fulfill those needs. Accordingly, shoppers will always be unable to fulfill their needs in general and wants.
B) It demonstrates that the needs of a shopper will be fulfilled in a communist framework. isn't correct, Shortage actually exists in a communist framework as assets are as yet restricted, and needs will continuously surpass the assets accessible to fulfill those needs
C) It is just for immature nations. isn't correct, as shortage is an all inclusive peculiarity, influencing all nations no matter what their degree of improvement.
D) It isn't really for rich and created nations. isn't accurate, as shortage actually exists in rich and created nations, albeit the degree of shortage might be lower than in immature nations.
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A city starts a solid waste landfill during 2017. When the landfill was opened the city estimated that it would fill to capacity within 5 years and that the cost to cover the facility would be $1.5 million which will not be paid until the facility is closed. At the end of 2017, the facility was 20% full, and at the end of 2018 the facility was 45% full. If the landfill is judged to be a governmental fund, what liability is reported on the fund financial statements at the end of 2018
Answer:
The interpretation of the particular question is outlined in the following segment on the clarification.
Explanation:
The facility was indeed 20 percent full by either the end of December 2017 therefore the 3,00,000 would still have been recognized as an expenditure.
The facility also seems to be 45 percent complete at either the end of 2018, meaning that the 3,75,000 will have been accepted as expenditures,
⇒ \(1,500,000\times (45 \ percent-20 \ percent)\)
By most of the end of the decade, the financial sheet provides a snapshot 6,75,000 although this debt would be,
⇒ \(1,500,000\times 45 \ percent\)
So 3,75,000 should have been shown as the cost of the rest in the financial information for 2018, as well as 6,75,000 would have been shown as contractual obligations.
If you had 5,623 participants in a tournament, how many games would need to be played to determine the winner? Why?
If you had 5,623 participants in a tournament, 5622 games would need to be played to determine the winner.
What are games?Games are activities that involve one or more participants, who engage in a structured and rule-bound form of play. Games often have a clear objective or goal, which participants work towards through a set of rules and constraints.
They can also vary widely in complexity, ranging from simple games with few rules and little strategy, to complex games that require significant skill, planning, and decision-making.
We need 5622 games to determine the winner if we have 5,623 participants in a tournament.
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vegetables wilt of soften and their color intensifies as they
Answer: boil
Explanation:
Answer:
Saute
Explanation:
Vegetables wilt and soften when sauteing for example spinach, bokchoy and kale to name a few.
Economic stability is a benefit of technological advances. please select the best answer from the choices provided t f
Economic stability depends on financial health i.e Inflation & Output Growth where technology plays its part but it is not the sole factor.
The above statement is false.
What is Economic stability?Minor fluctuations in output growth with consistent low Inflation,stable banking system constitutes Economic stability.
Technological advances has palyed an important role in changing the Economy of any country but it is not the sole factor. Hence, The statement is False
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Answer:
false
Explanation:on edge
a comprehensive retrospective review should be conducted at least once a year of what aspect of the cdi program?
The performance of staff, the effectiveness of the training provided, the technology used, and the policies and procedures in place to ensure compliance.
The comprehensive retrospective review should be conducted at least once a year of all aspects of the CDI program. CDI (Clinical Documentation Improvement) is the process of enhancing clinical documentation in medical records to promote accurate reflection of the patient's severity of illness, care provided, and treatment outcomes.What is retrospective?Retrospective is looking back on or dealing with past events or situations. When an evaluation or review is carried out on previous records or experiences, it is referred to as a retrospective. An aspect is a feature or element of something. It refers to a part or characteristic of something.What is a program?A program is a set of instructions or statements that directs a computer's actions. A software application is made up of one or more programs. A comprehensive retrospective review of the CDI program is carried out to identify areas of improvement in the program. The purpose of the review is to evaluate the effectiveness of the CDI program and identify areas that require improvement. This includes reviewing the quality of documentation, the performance of staff, the effectiveness of the training provided, the technology used, and the policies and procedures in place to ensure compliance.
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The Consumer Financial Protection Bureau protects the interests of customers by ensuring that federal consumer-protection laws are enforced. True or False?
Answer:
true
Explanation:
The Consumer Financial Protection Bureau (CFPB) is a government agency that protects consumers' rights by:
enforcing consumer protection laws that prohibit financial institutions from practicing unfair, abusive, deceptive, predatory or discriminatory policies against its customers, e.g. redlining or charging higher interests based on race or gender.they get consumer complaints about unfair treatment from financial institutions and they investigate them.are a source of financial information about the services offered by financial institutions.are in charge of monitoring the activities of financial institutions and making sure that they do not affect consumers negatively.and others.the project manager meets with the project team to review lessons learned from previous projects. in what activity is the team involved?
The team is involved in the activity of "lessons learned review" during the meeting with the project manager.
The activity of "lessons learned review" is an important part of project management. It involves the project manager and the project team coming together to reflect on and analyze the experiences and outcomes of previous projects. This review aims to identify what worked well, what didn't work, and the valuable lessons that can be applied to future projects. Let's break down the explanation further:
1. Purpose and objective: The purpose of the lessons learned review is to promote continuous improvement in project management. By examining past projects, the team can identify successes, challenges, and areas for improvement. The objective is to capture valuable knowledge, insights, and best practices that can enhance future project performance.
2. Meeting with the project team: The project manager arranges a meeting with the project team, which typically includes individuals involved in the execution and delivery of previous projects. This meeting serves as a platform for open discussion and knowledge sharing among team members.
3. Reflection and analysis: During the meeting, the team engages in a collaborative process of reflecting on the experiences and outcomes of previous projects. They discuss the project objectives, scope, execution, challenges faced, solutions implemented, and results achieved. This analysis helps the team identify patterns, trends, and key takeaways.
4. Identification of lessons learned: Through discussions and brainstorming, the team identifies the lessons learned from previous projects. These lessons can encompass various aspects such as project planning, stakeholder management, resource allocation, risk management, communication, and problem-solving. The team focuses on both positive experiences to replicate and areas for improvement to avoid repeating mistakes.
5. Documentation and dissemination: The lessons learned are documented in a structured manner, capturing the key insights, recommendations, and action items. This documentation serves as a valuable knowledge base for future reference and informs the development of project management methodologies, templates, and guidelines. The lessons learned may also be shared with other project teams, promoting organizational learning and continuous improvement.
In summary, during the meeting with the project team, the activity of "lessons learned review" takes place. This involves reflecting on previous projects, analyzing experiences and outcomes, identifying lessons learned, and documenting valuable insights to enhance future project performance.
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What can give working people information about their fields, including conferences and leadership opportunities in those fields?
an extracurricular activity
a career and technical student organization
a professional organization
a cocurricular activity
Answer:
a professional organization
Explanation:
A professional organization is formed to promote the growth of the profession and advance the interest of people working in that profession.
A professional organization is also known as a professional association. It facilitates communication and connection among its professionals. It supports innovations and creativity that help develop and grow the profession. Through their regular meeting, members of a profession share information on the trending issues, opportunities, and challenges affecting the profession.
Answer:
C
Explanation:
Which examples demonstrate workplaces common to Management workers? Check all that apply. Lamont has a separate office with a door so he can discuss confidential information with employees. India works from home all the time at a small desk in her kitchen and does not interact with others very often. Zoe frequently travels to the different locations of her large company to meet with the workers she supervises. Mickey sits at a desk out in the open in a busy office environment and is responsible for greeting new visitors.
Answer:
a and c
Explanation:
.
Lamont has a separate office with a door, so he can discuss confidential information with employees and Zoe frequently travels to the different locations of her large company to meet with the workers she supervises are the examples demonstrate workplaces common to Management workers. Hence, options A and C are correct.
What is Management workers?A general manager, business manager, administrator, director, or other person who has operational or managerial control over, or who directly or indirectly manages, the day-to-day operations of a facility, organization, or agency is referred to as a managing employee.
Top-level managers, middle managers, first-line managers, and team leaders are the four most typical categories of managers. These positions differ not only in terms of their daily duties but also in terms of their overall role within the company and the types of personnel they supervise.
To accomplish particular objectives, managers plan, organize, direct, and control resources. The best strategy to accomplish their goals is determined throughout the planning process. In order to execute the company's strategy, resources must be allocated.
Thus, options A and C are correct.
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Imagine you got into an auto accident which was your fault and you have 15/30/5 insurance. You did $5,000 damage to the other car, and broke a computer in the other car's trunk worth
$2,000.
There were 3 people in the other car and their medical bills were $12,000
each. The father in the other car also was out of work for a month costing the family $6,000.
In total, you are sued for $49,000.
How much money will the insurance company pay toward the amount you were sued for in this accident?
Answer:
The insurance company will pay up to a maximum of $25,000 for this accident. This is determined by the limits of the insurance policy, which is 15/30/5. This means that the insurance company will pay up to $15,000 for bodily injury per person ($15,000 x 3 people = $45,000) and up to $30,000 for bodily injury per accident ($30,000). They will also pay up to $5,000 for property damage ($5,000). Therefore, the total amount the insurance company will pay is $15,000 + $30,000 + $5,000 = $50,000. Since the total amount sued for is $49,000, the insurance company will pay the full amount of $49,000.
Explanation:
The insurance provider will cover this accident for a maximum of $25,000. The insurance policy's 15/30/5 limits serve as the basis for this decision. This indicates that the insurance provider will cover bodily injury claims up to the amount of $15,000 per person
What is the insurance?Insurance is a tool for risk management. You purchase protection against unforeseen financial losses when you purchase insurance. If something unpleasant happens to you, the insurance company pays you or someone else of your choosing. If an accident occurs and you don't have insurance, you can be liable for all associated expenses.
($15,000 x 3 people = $45,000) and $30,000 per accident ($30,000). Additionally, they will cover property damage up to $5,000 ($5,000). As a result, the insurance provider will cover a total of $50,000 ($15,000 + $30,000 + $5,000). The insurance provider will cover the full $49,000 since the total amount claimed in the lawsuit is $49,000.
Therefore, The insurance company will pay up to $25,000 toward this accident's expenses.
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Emerging adults are more accepting of ethnic and gender diversity, in part because they are likely to have friends who are unlike them in their various identities. This has been demonstrated in their _____.
Emerging adults are more accepting of ethnic and gender diversity, in part because they are likely to have friends who are unlike them in their various identities. This has been demonstrated in their social networks.
Emerging adults, who are individuals in the transitional period between adolescence and adulthood, often have diverse social networks that include friends from various ethnic and gender backgrounds. These social connections provide opportunities for exposure to different perspectives, experiences, and cultures. Interacting with individuals who possess different identities and backgrounds can foster understanding, empathy, and acceptance of diversity.
Having friends who are unlike them in their various identities allows emerging adults to engage in meaningful interactions and develop positive attitudes towards ethnic and gender diversity. By having firsthand experiences with people from different backgrounds, they are more likely to challenge stereotypes, broaden their perspectives, and develop a greater appreciation for diversity. These friendships can provide opportunities for open dialogue, learning, and the exchange of ideas, which can contribute to increased acceptance and tolerance of differences. As a result, emerging adults are more inclined to embrace diversity and reject discrimination based on ethnic and gender identities.
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How does mass customization change the traditional concept of consumption?
Mass customization refers to the production of goods and services that are tailored to meet the individual needs and preferences of consumers, while still achieving the economies of scale associated with mass production.
This concept changes the traditional concept of consumption in several ways:
1. Individualization: Mass customization allows consumers to have products or services that are uniquely designed for them, based on their specific preferences and requirements. This shifts away from the traditional one-size-fits-all approach.
2. Customer empowerment: With mass customization, consumers have more control and involvement in the design and production process. They can actively participate in customizing their products, which enhances their overall experience and satisfaction.
3. Enhanced value proposition: Mass customization offers consumers higher value by providing personalized products or services that better meet their needs. This can result in increased customer loyalty and brand engagement.
4. Supply chain adjustments: Mass customization requires flexible production systems and efficient supply chains to accommodate individualized orders. This can lead to changes in the traditional production and distribution models.
Overall, mass customization allows consumers to have more personalized and tailored experiences, shifting the focus from mass consumption to individualized consumption.
This trend is changing the traditional concept of consumption by emphasizing customization, customer empowerment, and enhanced value.
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negotiators can become so focused on reaching an agreement they lose sight of the real goal, which is to
negotiators someone who tries to help two groups who disagree to reach an agreement with each other, usually as a job: Some very skilful negotiators will be needed to settle this dispute. International relations: diplomacy & mediation.
Integrative negotiation, also known as interest-based negotiation, is looking deeper than the parties' stated views to find viable tradeoffs and win-win scenarios across problems and interests. Integrative - An agreement reached through an integrative negotiation results in a win-win situation for both parties. Because neither side feels like they have lost at the end of the discussion, it is often preferable to distributive bargaining. When compared to integrative bargaining, distributive bargaining processes, which are founded on the idea of competition between participants, are more likely to result in lose-lose outcomes or to produce a situation where each side gets some of what they wanted but not as much as they might have if they had used...
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An and Bo are partnership together. They buy and renovate properties which they then rent out or sell to other people.
The business has been going for six years and is profitable. They want to expand the business to offer a maintenance And repairs service to both the private sector and public sector.
However, the partners do not have the capital needed for this expansion.
Bo’s sister, Jiao, has said that she is prepared to invest in the business in return for a share in the profits.
An and Bo are also considering changing the legal structure to a private limited company.
a. Identify two features of public sector organizations.
b. Identify two advantages and two disadvantages to An and Bo of being a partnership.
c. Explain two benefits to An and Bo of expanding their businesses.
d. Do you think the partners should become a private limited company? Justify your answer.
Together, An and Bo form a partnership. They invest in real estate and then refurbish it before renting or selling it to others. Following is the required information.
Give a brief account on partnership.a. Two features of public sector organizations.
Government funding: The public authority provides funding for public projects. They either belong to the public authority, which has claimed them, or the public authority owns a bigger portion of them. In some attempts, private ventures are also permitted, but the public authority, in a sense, performs the dominant role.Government Management: The public authority is in charge of regulating public enterprises. The government has occasionally started businesses in its own areas of expertise. In many situations, the government selects someone to handle the endeavors. In fact, the public authority divisions directly and implicitly bind even independent bodies.b. Two advantages of being in a partnership :
Bridging the Knowledge and Expertise Gap: By collaborating with someone, you may have access to a greater breadth of knowledge and expertise for many aspects of your organization. A solid partner might also contribute expertise and experience that you might be lacking, as well as complementing abilities that will aid in business expansion.More Money: A potential partner may inject additional funds into the company. The other individual might be more connected strategically than you are. This could assist your business in luring in new investors and raising further funds to expand. The correct company partner could also improve your capacity to obtain financing for business expansion.Two disadvantages of being in a partnership :
Liabilities: A partnership involves shared business losses and responsibilities for all business related debts, even if they incurred by the other partner. These obligations are in addition to sharing revenues and assets. Your assets and personal money may suffer as a result. In essence, you might be held accountable for choices your partner takes regarding the company. This may be one of the most important things to take into account while weighing the benefits and drawbacks of a partnership.Loss of Autonomy: Although you probably like having complete control over your company, under a partnership, you would now share that control with a partner and make crucial choices together.c. Two benefits to An and Bo of expanding their businesses :
capable of increasing sales and profitability.can access new markets or customers.d. The partners shouldn't form a private limited business since partnerships have more benefits than private limited companies, including easier establishment and reduced costs.
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True or false. A direct deposit is when you take your check straight to the bank when you receive it
Answer:
false
Explanation:
What is the function of a ledger?
record only cash payments
record only credit payments
record and consolidate all financial transactions
record only sales
Answer:
Record and consolidate all financial transactions.
Explanation:
A ledger is a book that contains a record of all the transactions made- be it credit or withdrawals/ expenses. It is a book that maintains a record of any form of transaction that was ever done by a person or company.
It can also be a computer folder where the same record is made. The main point of maintaining a ledger is to keep track of, record, and also "make" solid evidence or proof of the transactions ever done. Thus, the function of a ledger is to record and consolidate all financial transactions ever done.
All of the following describe blockchain: Multiple select question. blockchain cannot verify and facilitate Bitcoin transactions blockchain makes it more difficult for the ledger to be modified blockchain is continuously and simultaneously updated and verified blockchain is a less secure type of accounting ledger
The blockchain can be very precisely described by the statement that blockchain is continuously and simultaneously updated and verified. Third option is correct.
A specific type of shared database called a "blockchain" differs from other databases in that it stores data in blocks that are linked together via encryption.
Although a ledger has historically been the most widely utilized use for transactions, a blockchain may be used to store a variety of different types of data.
They serve an essential role in maintaining a secure and decentralized record of transactions in bitcoin systems, but they are utilized in a variety of other systems as well.
Thus, third option is correct.
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hich pricing strategy involves setting a high price for an exclusive, high-end product?