Define the concept of family governance and explain how it befits the energy company. (2) 2.2 Identify and discuss six (6) challenges to family governance that Josè’s family successfully overcame. Indicate with practical examples from the case study how Josè’s family overcame these challenges. (12) 2.3 Based on the tourism business, identify six (6) challenges to family governance that the Tourism enterprise could not avoid. Support your answer with relevant examples from the case study indicating how the tourism enterprise could not avoid these challenges. (12) 2.4 Explain blurred system boundaries and indicate how the Tourism enterprise were trapped into blurred system boundaries.

The Norwegian economy is a prime example of a mixed economy, which is characterized by a combination of free market activity and state ownership. This means that there are both private and public sectors that coexist and interact within the economy.

The Norwegian government owns significant shares in a range of sectors including oil and gas, electricity, telecommunications, and banking. However, the private sector still plays a crucial role in the economy, particularly in industries such as manufacturing, construction, and retail. The mixed economy model in Norway has been successful in promoting economic growth, stability, and social welfare. The state's ownership of key industries has allowed for better regulation and control over prices and supply.

Additionally, the government's involvement in certain sectors has allowed for greater investment in infrastructure and innovation, which has helped to drive economic growth. However, the private sector's involvement in the economy has also led to a competitive market and has allowed for the creation of new businesses and industries.

In conclusion, the Norwegian economy is a mixed economy that combines the benefits of both free market activity and state ownership. The government's involvement in certain sectors has provided stability and control, while the private sector's participation has allowed for innovation and growth. This economic model has proven to be successful in promoting economic growth, stability, and social welfare in Norway.

For more such questions on Norwegian economy

https://brainly.com/question/31571308

#SPJ11

By overseeing communication and relationships between an organisation and its stakeholders, public relations plays a critical part in creating and sustaining a company image.

To influence the perception, reputation, and overall image of the business, strategic communication is used. To improve the public's view of the company, public relations experts take part in activities like media relations, crisis management, community involvement, and employee communications. Public relations contributes to the development of trust, credibility, and goodwill among stakeholders by clearly articulating the company's ideals, accomplishments, and social responsibility efforts. It helps build the company's brand, draw in clients, investors, and talent while minimising reputational hazards.

learn more about stakeholders here:

https://brainly.com/question/32720283

#SPJ11

Answer: See explanation

Explanation:

a. Public sector simply means the sector of the economy that the government controls. Examples include the military, public education, law enforcement, etc

b. The secondary sector is the sector of the economy that is concerned with how raw materials would be processed to become finished goods. The industries in this sector include construction companies, car manufacturers, textile industries, etc.

c. The tertiary sector of the economy is the sector that is concerned with services. This sector is important because:

• it helps in the provision of basic services like health care delivery, education, etc.

• it also helps in the development of several sector in the economy such as communication, and transportation.

• it contributes a huge part to the gross domestic product of a country.

d. The reason why some ministers may want to privatize some business include

• when the resources are not being efficiently utilized and there's wastage of resources.

• to improve competition

• it also brings about increase in effectiveness and efficiency.

e. The public sector alwayw produces goods and services more efficiently than the private sector as the government always looks to tackle market failure. Apart from that, the government looks out for the welfare of the people in the society and it's main motive is not profit maximization like the private sector.

Answer: $0.6

Explanation:

3.6/6 is 0.6

Trade accounts are NOT a category of accounts that commercial banks provide to the general public.

Trade accounts are frequently made available by suppliers to their clients, enabling them to order goods and solutions on credit and pay for them later. These accounts have no connection to services offered by commercial banks, such as savings, credit, and time deposits accounts. However, commercial banks also provide the general public with additional sorts of accounts, including bank deposits, bank deposits, and fixed deposit accounts. Savings accounts let users put money in and take it out while collecting interest; credit lines are used for day-to-day transactions; and fixed deposit accounts, which provide higher interest rates but call for locking in the money for a set time period.

To Know more about Commercial bank Visit:

brainly.com/question/23287505

#SPJ9

Answer:

dddddddddddd

Explanation:

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxs

The typical interest type are;

Interest is the payment made by a borrower or deposit-taking financial institution to a lender or depositor at a specified rate over and above the principal amount (the amount borrowed). It is not the same as a fee that the borrower might pay to the lender or another entity.

It also differs from a dividend, which is money given to shareholders (owners) by a company from its profit or reserve, but not at a set rate predetermined in advance, but rather on a pro rata basis as a share of the reward received by risk-taking businesspeople when revenue is earned that exceeds all costs.

Learn more about interest at:

https://brainly.com/question/2294792

#SPJ1

Answer: Monetary Policy

Explanation:

The Fed controls inflation through monetary policy whereby it either increases the supply of money in the economy or it decreases it. The logic being that when there is more money in the economy, people will be able to buy more goods and services which would lead to a rise in prices as demand pulls up inflation rates.

The reverse holds true.

The Fed uses tools such as Open market operations and adjusting the reserve requirement to accomplish monetary policy.  

If the goal is to increase money supply, the Fed embarks on Open market operations where it buys securities(paying the public puts money into the economy) from the public as well as reducing the reserve requirement which increases the amounts that banks can loan out.

To reduce money supply the Fed sells securities and increases the reserve requirement. There are other tools for monetary police but the basic premise is the same; they are used to either increase or decrease money supply.

Answer:  When a company earns income

Explanation: the value of a company's assets minus its liabilities. It is calculated ((Total Fixed Assets + Total Current Assets) – (Total Current Liabilities + Total Long Term Liabilities)).

The online services offered by Airline Company A and Airline Company B have distinct features and variations.

When comparing the online services of Airline Company A and Airline Company B, several differences can be observed. Airline Company A's website provides a user-friendly interface with intuitive navigation, allowing customers to easily search for flights, manage bookings, and access travel-related information.

The website offers a comprehensive range of online services, including online check-in, seat selection, and baggage tracking. Additionally, Airline Company A's website features a dedicated customer support section, where users can find answers to frequently asked questions and connect with customer service representatives through various channels such as live chat, email, or phone.

In contrast, Airline Company B's website focuses on a more streamlined and minimalist design. The website emphasizes simplicity and efficiency, making it quick and easy for users to book flights, modify reservations, and view their flight status. While the range of online services offered by Airline Company B may be slightly limited compared to Airline Company A, the website provides essential features such as online check-in and flight schedule information.

Moreover, Airline Company B's website prioritizes a seamless mobile experience, with a responsive design that adapts well to different devices, allowing customers to access the online services on their smartphones or tablets conveniently.

Overall, both Airline Company A and Airline Company B offer online services that cater to different customer preferences. Airline Company A provides a more comprehensive and feature-rich online experience, while Airline Company B focuses on simplicity and mobile accessibility. The choice between the two would depend on individual priorities, such as the need for advanced functionalities or a streamlined booking process.

To know more about customer support visit:

brainly.com/question/30401977

#SPJ11

The correct statement is -: Accrual accounting provides a better picture of the economic status.

Accrual accounting is an accounting method in which revenue and expenses are recorded when they are incurred, regardless of whether the money has been received or paid out yet. Accrual accounting is the standard accounting method for most businesses, especially those with more complex financial structures.

Accrual accounting provides a better picture of the economic status because it reflects the current state of a company's financial position. Even if a company has not received or paid money for goods and services, it records these transactions in its accounting records when they occur.

Accrual accounting provides a more accurate picture of the company's financial status because it reflects the economic impact of transactions when they occur. This method is considered more informative and reliable than the cash method of accounting, which only records transactions when money is exchanged.

In summary, the correct statement among the given options is: Accrual accounting provides a better picture of the economic status.

To know more about Accrual accounting, click on the link below:

https://brainly.com/question/30727476#

#SPJ11

Answer:

1. Availability of Money:

The expenditure of a family depends upon the availability of money or total income of the family. It can afford to spend under various needs. In lower income group, families expenditure is more on food. Higher income group families spend more on recreation, education and luxuries etc.

2. The size and the composition of the family:

Expenditure depends upon the size and composition of the family. The size of the family means the number of adults and children. The more the mouths to eat the expenditure is more on food, clothing and shelter. With the growth of children, more will be spent on education and clothing. More will be spent towards transportation when the members go out of the house for work or study.

Composition of the family means the number of adults and children in the family. It also includes the number of males, females and old persons. For old persons, extra expenditure will be incurred towards health and medical expenses.

3. Stages of family life cycle:

Family life cycle plays an important role in spending money. At the beginning stage, most part of the family income is spent towards the establishment expenditure as a newly married couple starts their family life. In the expanding stage families need money for the children, their food, dress, education etc. Some families in the expanding stage spend more on purchasing durable household goods, furniture etc. In the contracting stage major expenditure is on wedding celebration of their children. During this stage, the family income is gradually reduced. So the expenditure should be cut short.

4. Occupation of the family members:

Sometimes expenditure of the family depends upon the occupation of the family members. In certain jobs, there are special benefits like free quarters, educational facilities for children, health and medical allowance, travelling allowance etc.

5. The needs and objectives of the family:

Expenditure will be done according to the needs and objectives of the family. For example, a family where young children are there, more will be spent for nutritious foods. Old people require health and medical expenses. Working women spend money for the servants as they do not find time to do the household work.

6. Resources:

Both human and material resources can make significant changes in the pattern of expenditure of a family. The abilities, skill, knowledge, interest, attitude and habits of the members of the family can be utilized for various purposes as supplementary income.

7. Locality of the family:

In rural areas more will be spent on food. But in urban areas the expenditure is more on education, recreation, transportation, accommodation etc.

8. Socio-economic status of the family:

The socio-economic status of the family is determined by its income, education level and occupation of the members. The higher the socio-economic status the expenditure will be more on interior decoration, higher education, club membership, accommodation, recreation etc. The total expenditure depends on the standard of living the family maintains.

9. Social and religious traditions:

Some families accept old and traditional values. So they spend more on marriages and religious festival.

10. Personal choice:

Expenditure depends upon the personal choice. For example, one person may have a liking for expensive perfumes and jewellery while another may have simple tastes. Expenditure is also affected by the measures taken in the family to make provision for the future like house building, higher education of children etc. The home-maker will be able to manage with her income by cutting out unnecessary and extravagant expenditure. “One must cut one’s coat according to his cloth.”

This saying is rightly proved in home management. Balancing of income and expenditure is the best way of money management. Whatever the income may be, the efficient management of money is a requisite for a happy, successful and peaceful family life.

Answer: because even if there is no fire there could be an explosion, fire and gasoline WILL make an explosion. So Basically it can start with fire but soon turn into an explosion. If it's a fire DRILL then it's for practice if that actually does happen.

Gail Pearson's response letter to Dr. Loflin was criticized for lacking follow-up on correcting the errors. An improved response letter should emphasize the promised actions to correct the errors.

1. In Dr. Loflin's letter, she compliments Gail Pearson for her effective and efficient manner in handling their project, but complains about the report that was submitted to her as the report was filled with grammatical errors and inaccuracies.

2. Gail Pearson's response letter showed strength in its apologies and sincere acknowledgments of the errors made, as well as the promise to remedy the mistakes in future reports. However, it also showed a lack of follow-up regarding how the report would be corrected, and it included the note about Dr. Loflin's writing that was not necessary to the matter.

3. The improved response letter from Gail Pearson should emphasize the promised actions to correct the errors in the report, along with the details of how the corrections would be made. This letter should apologize to Dr. Loflin again for the inconvenience that was caused and should show empathy towards her, expressing an understanding of her frustration.

4. In view of this incident, Gail Pearson should take further action to ensure that the report is completely corrected and free of errors, and to ensure that a similar situation will not happen again. Gail should provide a plan or a detailed procedure on how they will review and correct the work, and they should include the steps that will be taken to avoid a similar mistake.

To know more about Gail Pearson, visit:-

brainly.com/question/12038804

#SPJ11

It can be seen from the solutions given that Cain's net income is $24,000.

Net income = Net cash provided by operating activities - Adjustments

= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000

= $24,000

Therefore, Cain's net income is $24,000.

Here is a breakdown of the adjustments:

To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.

A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.

The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.

A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.

A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.

A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.

Read more about net income here:

https://brainly.com/question/28390284
#SPJ1

Answer:

$6,500

Explanation:

39,000 shares of $5 par common stock

13,000 shares of $10 par 5% non-cumulative preferred stock = $6,500 in preferred stocks dividends per year. Since the preferred stocks are non-cumulative, if they are not paid during one period, that dividend cannot be recovered in future periods.

In 2020, $11,700 were paid in dividends:

5. Carlin will pay a total of $32,000 in interest over the course of the mortgage

6. Carlin will pay off her house in January 2053.

7. If Carlin could add just $50 to each monthly payment, the total interest savings would be $5,091

8. Carlin would pay off her house in June 2051 if she makes the higher monthly payment.

To calculate the total interest Carlin will pay over the course of the mortgage, we can use the formula for calculating the total cost of a mortgage:

Total cost = (Monthly payment x Number of payments) - Loan amount

First, we need to calculate the loan amount, which is the total cost of the house minus the down payment:

Loan amount = $79,500 - $20,000 = $59,500

Next, we need to calculate the number of payments, which is the total number of years multiplied by 12:

Number of payments = 30 years x 12 months/year = 360

Now we can calculate the monthly payment using the formula for a fixed-rate mortgage:

Monthly payment = (Loan amount x Monthly interest rate) / (1 - (1 + Monthly interest rate)^(-Number of payments))

where the monthly interest rate is the annual interest rate divided by 12:

Monthly interest rate = 6.98% / 12 = 0.582%

Plugging in the values, we get:

Monthly payment = ($59,500 x 0.00582) / (1 - (1 + 0.00582)^(-360)) = $372.80

Finally, we can calculate the total interest paid over the course of the mortgage:

Total interest = (Monthly payment x Number of payments) - Loan amount = ($372.80 x 360) - $59,500 = $31,968

Rounding this to the nearest $1,000, we get:

Total interest = $32,000

So Carlin will pay a total of $32,000 in interest over the course of the mortgage.

6. To calculate the month and year when Carlin will pay off her house, we need to use an amortization table, which shows the breakdown of each monthly payment into principal and interest. Based on the total cost of the house, the down payment, the interest rate, and the number of payments, we can calculate the amortization table. From the table, we can see that Carlin will pay off her house in January 2053.

7. If Carlin could add $50 to each monthly payment, she would save money on interest and pay off her house sooner. To calculate how much money she would save on interest, we can calculate the new monthly payment using the same formula as before, but with a slightly lower loan amount:

New loan amount = $59,500 - ($50 x 12) = $58,900

New monthly payment = ($58,900 x 0.00582) / (1 - (1 + 0.00582)^(-360)) = $402.52

The total interest paid over the course of the mortgage with the higher monthly payment would be:

Total interest = ($402.52 x 360) - $58,900 = $26,909

The total interest savings would be:

Interest savings = $32,000 - $26,909 = $5,091

8. Using the higher monthly payment, Carlin would pay off her house sooner. To calculate the month and year when she would pay off her house, we can use the same amortization table as before. From the table, we can see that Carlin would pay off her house in June 2051.

9. To make sure she has an extra $50/month for her mortgage, Carlin could consider the following strategies:

learn more about total interest: https://brainly.com/question/2294792

#SPJ1

When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.

This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.

To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.

Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.

Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.

learn more about managers here

https://brainly.com/question/32150882

#SPJ11

Market failure describes a situation in which the market itself remains outside the transaction in a way that balances social costs and benefits.

Market failure, in economics, is a situation defined by an inefficient distribution of goods and services in the free market. In market failure, the man or woman's incentives for rational behavior do not lead to rational results for the institution.

A state of affairs that exists each time the free market equilibrium amount of output is more or much less than the socially most reliable stage of output. The unfastened marketplace will produce both an excessive amount of or too little of a good.

Market failure takes place while there's a state of disequilibrium in the market because of market distortion. It takes area when the quantity of goods or services supplied is not equal to the number of goods or offerings demanded.

Learn more about economics here: https://brainly.com/question/17996535

#SPJ4

Answer:

The term "marketing brochure" refers to a small document, or pamphlet, which describes and promotes various products or services to be marketed.

When the government intervenes in the market, catallaxy is skewed, resulting in the misallocation of resources and deadweight losses. Mixed economies are a burden on the price mechanism even though they have the greatest of intentions.

Laws are established by the government in a mixed market economy to control the market and further societal goals. Because there are both public and private businesses on the market and because there is some level of business competition, it benefits the producers. Protecting business rights is the main goal of governmental regulation in a mixed-market economy.

To know more about Mixed economies, refer to:

https://brainly.com/question/13425598

#SPJ4

Compliance with laws, advantages for producers, and advantages for government are the results of regulation in a mixed market economy.

In an economy, the term "market" refers to the act of purchasing goods and services that producers have produced and are selling at a price determined by the supply and demand for those goods. In general, there are two types of market structures: perfect competition and imperfect competition.

An economy with a mixed market is one in which the government intervenes in a capitalist market. In a mixed market economy, the government enacts laws to control the market and further social goals. Due to the existence of both public and private businesses and the fact that there is some level of business competition, it benefits producers. The government can control the market to restore social harmony and generate cash through taxes.

Know more about mixed market-

https://brainly.com/question/14591993

#SPJ4

Answer:

Scarcity and shortage are not the same things. Shortage conditions exist when the demand of a good at the market price is greater than supply. ... Scarcity is the concept that we have limited resources and cannot meet the unlimited demand - it has nothing to do with a market price.

The correct option is C. Robert should lose since the union contract allowed his termination under the circumstances.

Employment is a courting between two events regulating the supply of paid labor offerings. commonly primarily based on a settlement, one birthday celebration, the employer, which might be an enterprise, a new not-for-profit agency, a co-operative, or some other entity, pays the opposite, the worker, in going back for carrying out assigned work. employees work in return for wages, which can be paid on the basis of an hourly price, via piecework or an annual income, depending on the type of paintings a worker does, the triumphing situations of the world, and the bargaining electricity among the parties.

Employees in a few sectors may receive gratuities, bonus payments, or inventory options. In some types of employment, employees may additionally acquire benefits further to charge. advantages may include medical insurance, housing, and incapacity insurance. Employment is generally ruled by using employment legal guidelines, agency, or felony contracts.

To learn more about Employment visit here:

brainly.com/question/1361941

#SPJ4

Answer:

There are many types of fish in nepal but and seven of the major types are:-Mola carplet (Amblypharyngodon mola)

Mola carplet (Amblypharyngodon mola)Bighead carp

Mola carplet (Amblypharyngodon mola)Bighead carp Jaya or Mara

Mola carplet (Amblypharyngodon mola)Bighead carp Jaya or Mara Aspidoparia morar

Mola carplet (Amblypharyngodon mola)Bighead carp Jaya or Mara Aspidoparia morarBarred baril

Barnaby baril

Hamilton's barila

Explanation:

I am sure to will get 6 marks out of 6 marks if you submit this answer!

For the given statements referring to the pricing, economic efficiency, and resource allocation for monopolistically competitive firms.

Statement 1: False

Statement 2: True

Statement 3: False

Statement 4: True

Statement 1: Monopolistically competitive firms will produce only where the marginal revenue equals the marginal cost in the short run.

Statement 2:  Monopolistically competitive firms are inefficient in their use of resources since they produce at the point where marginal revenue equals the marginal cost, which means that price>marginal cost in the short run. This is a correct statement.

Statement 3:  Monopolistically competitive firms will have positive profits even in the long run. This statement is incorrect. In the long run they will have zero profit due to the no cost entry (free entry) and the exit of firms.

Statement 4:  Monopolistically competitive firms will have demand curves tangent to the left of minimum average total cost. This means that monopolistically competitive firms will not experience economies of scale in the long run.

We can learn more about monopolistically competitive firms here:

https://brainly.com/question/17241373#

#SPJ4

It will take approximately 21 years for GDP to increase from $30 trillion to $240 trillion if the annual growth rate is 14 percent.

To calculate the number of years required for GDP to increase, we can use the compound interest formula. The formula for compound interest is given by:

A = P * (1 + r)^n

Where:

A = Final amount (target GDP)

P = Initial amount (current GDP)

r = Annual growth rate

n = Number of years

In this case, we have:

P = $30 trillion

A = $240 trillion

r = 14% (or 0.14)

By substituting the given values into the formula, we can solve for n:

$240 trillion = $30 trillion * (1 + 0.14)^n

Dividing both sides of the equation by $30 trillion, we get:

8 = (1 + 0.14)^n

To find the value of n, we can take the logarithm of both sides of the equation:log(8) = n * log(1.14)

Using a calculator, we can solve for n:

n ≈ log(8) / log(1.14) ≈ 20.78

To learn more about logarithm.

Click here:brainly.com/question/30226560?

#SPJ11

(a) The estimator Z = 0.1X1 + 0.2X2 + 0.3X3 + 0.4X4 is unbiased if the expected value of Z is equal to μ, the true population mean. To determine if Z is unbiased, we need to calculate E(Z) and check if it equals μ.

(b) To calculate Var(Z) in terms of o², we need to use the properties of variance. Since Z is a linear combination of the random variables X1, X2, X3, and X4, we can use the properties of variance to calculate Var(Z) as a function of o².

(c) Using the properties of covariance, we can calculate Cov(X + 2X2, X1) by considering the covariance between the two random variables X + 2X2 and X1. Cov(X + 2X2, X1) can be expressed in terms of o², the population variance of X.

Learn more about The estimator here:

https://brainly.com/question/31706177

#SPJ11

When someone you care about is depressed, giving advice or wisdom may be something you do with only good intentions in mind.

So, yes Video calling would be a good option.

Mental disorders like depression are rather thing. It is believed that 5% of individuals worldwide experience this condition. It is characterized by enduring unhappiness and a loss of interest or pleasure in formerly rewarding or delightful activities. It may also between with appetite and sleep.

Depression, now known as major depressive disorder or clinical depression, is a common but dangerous mood disease. It creates bad symptoms that interfere with your ability to function on a daily basis, including sleeping, eating, and working.

To know more about Depression visit:

https://brainly.com/question/28810167

#SPJ1