Correlate each to the New Economy
Correlate each to the New Economy: the rate of productivity growth information technology increasing returns network effects global competition
Correlate each to the New Economy:
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Each of the above is a feature of the New Economy. The rate of productivity growth has risen substantially because of innovations using computers, microchips, new telecommunications devices and the Internet. All innovations define features of what we call information technology that connects information in all of the parts of the world with information seekers. New information products are frequently digital in nature and can be simply replicated once they have been building up. The start-up cost of new technology and firms is high, however expanding production has a very low marginal cost that leads to economies of scale – firms’ output raise faster than their inputs. Network influence refers to a kind of economy of scale whereby certain information products become more valuable to every user as the number of buyers grows. For instance, a fax machine is more useful to you while lots of other people and firms have one; the similar is true for compatible word-processing programs. Global competition is a feature of the New Economy since both transportation & communication can be accomplished at much lower cost & faster speed than previously that expands market possibilities for consumers and producers both who are not very restricted by national boundaries today.
Describe capital rationing? Should a firm practice capital rationing? Why? Capital rationing is the practice of setting dollar restriction on what will be invested in new capital budgeting projects. Proprietorships, partnerships and private c
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Define the term State Fiscal Year: This is the period beginning from July 1 and continuing through the subsequent June 30.
Personal Services: It is a category of expenditure that comprises such objects of expenditures as the payment of wages and salaries of state employees and employee advantages, comprising the state's contribution to the Public Employees' Retirement Fun
Non-add: Refers to the numerical value which is displayed in parentheses for informational purposes however is not comprised in computing totals, generally as the amounts are by now accounted for in the budget system or display.
Under what conditions is a warrant's value high? Describe. A warrant's value would be great when the stock price, time to expiration, and/or expected stock price volatility is great.
Tax Expenditures: The subsidies offered via the taxation systems by generating deductions, credits and exclusions of certain kinds of income or expenditures which would otherwise be taxable.
May Revision: The annual update to the Governor’s Budget having a revised estimate of General Fund revenues for the present and ensuing fiscal years, any proposals to adjust expenditures to reflect the updated revenue estimates,
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