potentially serve as money? Consider each as (1) a medium of exchange‚ (2) a unit of account‚ and (3) a store of value. a. Visa credit card It is not money because it fails the store of value test. b. Federal Reserve note Yes it can serve as money. c. Dog No‚ it cannot be used. d. Beer mug No‚ it cannot be used. 4. What backs the US dollar? Include the distinction between commodity money and fiat money in your answer. Commodity money is anything that serves as money while having market
Premium Currency Federal Reserve System Money
Вступ (або візьми перший абзац тексту) Cash was originally a physical substance like gold and silver. Today‚ although much of the money used by individuals in their everyday transactions is still in the form of notes and coins‚ its quantity is small in comparison with the intangible money that exists only as entries in bank records. Perhaps coins and banknotes will become as obsolete as shells. But not today. Основна частина Cash Versus Electronic Payments: A Foot in Both Camps By: William
Premium Money Payment systems Electronic commerce
Cash? Or Everything That’s Not Cash? In the 1960’s‚ Frederick Herzberg told us that money is a lousy motivator. I have to disagree with this theory‚ based on the reasons people get jobs and my own personal working experience. There are many reasons people do get jobs‚ but most of the main reasons still stem back to money‚ whether is health insurance‚ free services through the employer‚ or the actual pay itself. There may be other types of motivators as well‚ but the main reason that person
Premium Employment Pension Motivation
then one can realize and understand how nursing theories are developed and how important it is to be able to borrow theories from other disciplines. It is important to understand that most professions developed their theories from other disciplines so as to make a stand and to develop a foundation that they can base their arguments on‚ and the same should go for nursing. Nursing should be able to borrow theories from other disciplines so that when they are making a point‚ it would be something that has
Premium Nursing Nurse Patient
does Ben’s age affect his decision to get an MBA? Ben’s age should be a positive factor in earning his MBA. He is still very young‚ and has 40 years in his career to go. 2. What other‚ perhaps non-quantifiable factors‚ affect Ben’s decision to get an MBA? If Ben works hard on his MBA‚ he will get great grades and possibly a high GPA which can have better opportunities and promotions. 3. Assuming all salaries are paid at the end of each year‚ what is the best option for Ben‚ from a strictly financial
Premium Money Debt Payment
BEN BATES MBA | Working | Wilton | Mount Perry | Annual Salary | 55‚000 | 98‚000 | 81‚000 | Expected increase | 3% | 4% | 3.50% | Work (years) | 38 | 36 | 37 | Tax rates | 26% | 31% | 29% | Annual tuition | | $63‚000 | $80‚000 | Books and other supplies (annual) | | $2‚500 | 3‚500 | Programs (year) | | 2 | 1 | Signing bonus | | 15‚000 | 10‚000 | Health insurance (annual) | | $3‚000 | 3‚000 | Room and board (annual) | | $20‚000 | $20‚000 | 1. How does Ben’s age
Premium Time value of money Present value Time
ECO 527 | The MBA Decision | Case 1 | Group 4 | | | | 1. How does Ben’s age affect his decision to get an MBA? We assume that both MBA program start at the beginning of the year‚ now is the beginning of the year at his age of 28 and he can enroll both program now. The following summary table shows the information he can use to make the decision. Option | Dewey and Louis | Ritter College ‚Wilton Univ (2 year program) | Mount Perry College (1 year program) | Tuition
Premium Net present value Money Time value of money
Mini Case - The MBA Decision 1. How does Ben’s age affect his decision to get an MBA? Ben’s age is a very important factor which can affect his decision to get an MBA degree. Firstly‚ Ben is now 28 years old and expects to work for 40 more years. So he has an expected work life of 68 years. So the earlier he gets an MBA‚ the better for him. For example: probably it won’t benefit him much if he decided to get an MBA at the age of 60. No one would hire him as an investment banker even if
Premium Net present value
Facts: Ben Gates Current Job Wilton Mount Perry Annual Salary $50000 90000 78000 Expected Increase 3% 4% 3.5% Working Years 38 36 37 Tax Rate on Salary 26% 31% 29% Annual Tuition 0 $65000 $75000 Books 0 $2500 $3500 Program Length in Years 0 2 1 Signing Bonus 0 15000 12000 Health Insurance 0 3000 3000 Room and Board 0 $2000 $2000 Discount rate 6.5% 1. How does Ben’s age affect his decision to get an MBA? a. Ben’s current age is a key factor in his decision making process. If
Premium Decision making software Decision making Decision theory
8 | The MBA Decision - A Case Study | | Question 1 Ben Bates is 28 years old and expects to work for another 40 years. This tells us that he would retire at the age of 68. However‚ if Ben decides to enroll in an MBA program‚ the following things would happen * He would incur a cost for his higher education (for two years at Wilton University and for one year at Mount Perry College) * He would not receive a salary during the time that he is enrolled in his MBA program‚
Premium Time Finance Net present value