A nation's economy fluctuates instead of growing at a steady pace every year. These fluctuations are generally referred to as the business cycle. Describe the four different phases of the business cycle.
What will be an ideal response?
The business cycle generally includes four phases: the peak, sometimes called prosperity; recession, two or more consecutive three-month periods of decline in a country's GDP; the trough, the turning point when a nation's production and employment bottom out and reach their lowest levels; and recovery, sometimes called expansion.
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When goods on hand are actually counted, a(n) ____________________ has been taken
Fill in the blank(s) with correct word
_____ comprises three steps: a description of the components and how they will work, construction, and testing.
Fill in the blank(s) with the appropriate word(s).
The last dividend payment of a stock was $0.80 and this dividend is expected to grow at 6% per year for three years. After that, the dividend will grow at 3% indefinitely. Using the two-stage dividend growth model, what is the correct formula for B6 if the required rate of return on this stock is 15%?
a) =B1*(1+B3)/(B2-B3)*(1-((1+B3)/(1+B2))^B5)+(B1*(1+B3)^B5*(1+B4)/(B2-B4)/(1+B2)^B5)
b) =B1/(B2-B3)*(1+((1+B3)/(1+B2))^B5)+(B1*(1+B3)^B5*(1+B4)/(B2-B4)/(1+B2)^B5)
c) =B1*(1+B3)/B2-B3*1-(1+B3)/(1+B2)^B5+B1*(1+B3)^B5*(1+B4)/(B2-B4)/(1+B2)^B5
d) =B1*(1-B3)/(B2+B3)*(1+((1-B3)/(1-B2))^B5)-(B1*(1-B3)^B5*(1-B4)/(B2+B4)/(1-B2)^B5)
e) =B1*(1+B3)/(B2-B3)*(1-((1+B2)/(1+B3))^B5)+(B1*(1+B4)^B5*(1+B3)/(B2-B3)/(1+B2)^B5)
When attempting to close a sale, a salesperson most likely believes that a prospect is in the ________ phase of the purchasing decision.
A. desire B. attention C. interest D. action E. conviction