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What is meant when it is stated that money performs the functions of a store of value?

When money is described as a store of value, it means that it can retain its purchasing power over time, allowing individuals to save and hold wealth without it devaluing significantly. This function enables people to defer consumption until a later date, making it possible to use money for future transactions. A reliable store of value is essential for economic stability, as it encourages saving and investment. However, inflation or economic instability can undermine this function, leading to a loss of confidence in money's ability to preserve value.


Importance of strategic management in business?

Strategic management used to play a different role in more predictable times after the Second Word War. Strategic plans of the past usually range 3 to 5 years. Some companies could even have plans for 10 good years. That's not possible today given rapid evolution of our society. What still matters in strategic management lies in the value of planning ahead. There's an old saying that if you fail to plan, you are planning to fail. By acting on this, strategic management actually gives the organisation direction, a sense of identity and unity towards what the business goal. Therein lies the continued importance of strategic management towards business success. Every business has a vision and a mission. Strategic managemet takes into consideration both of these. Strategic management helps in achieving the organizational goals in an effective and efficient manner. Improved strategic management processes may also facilitate the development of the more complex management structural that are needed as firms grow. It also helps firms to articulate,communicate and monitor the implementation of strategy using a system interlinked with the longterm vision of the corporations.


What happens to the price level when the government buys bonds?

when the govt. performs open market operations, or puchases sercurities such as bonds, the price level increases.


A business established by government that performs functions that could be provided by the private sector is called?

Government corporations Hailegiorgis Biramo Allaro 11 October 2011

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Waste Management


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Every switch performs a control function. On / Off is a control function.


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A browser performs the function of connecting or linking you to the global web.


An independent accountant who performs financial audits is a?

An Independent accountant who performs financial audits are called "External Auditors".


What is the role of a Management Accountant?

A management accountant performs various tasks to ensure their company's financial security. Their role involves handing all financial matters. Duties may vary depending on the company but can include handling taxes, budgeting, and managing assets.


Consider the process by which bacterial populations grow What process performs a similar function in humans?

Mitosis performs a similar function in people.


What press performs the same function as a hydraulic press but at lower pressures?

The ___________ press performs the same function as a hydraulic press, but at lower pressures.


What is a function that performs some mathematical function against a group of records?

Aggregate Function


What performs the same function as nucleolus?

the Golgi function the same as the nucleolus


Is a manager who performs well in one management function likely to perform well in other functions?

Not necessarily. Each management function (planning, organizing, leading, controlling) requires different skills and abilities. While success in one function may indicate certain strengths, it doesn't guarantee success in all other functions. A well-rounded manager will need to be proficient in all management functions.


Which structure of a bacteria cell performs a similar function to the skin of a human?

The structure of a bacteria cell that performs a similar function to the skin of a human is the cell wall.


What services does HBE Corporation offer?

Its flagship operation is HBE Hospital Building and Equipment Company, which designs, plans, and builds healthcare facilities. HBE also performs construction activity for the financial services industry, building banks