Pawn shops act as alternative financial services providing loans and second-hand markets, offering immediate cash to those without access to traditional credit, circulating money within local economies, and supplying jobs. Their impact is more localized compared to large retailers, but they play a key role in the economic activity for many communities.
Pawn shops play a unique role in the American economy by providing a form of credit through collateral loans and by facilitating the resale of goods. They function as an alternative financial service for individuals who might not have access to traditional banking or credit sources. Pawn shops offer immediate cash in exchange for personal property, which the store holds as collateral until the loan is repaid with interest. If the individual does not repay the loan, the pawn shop may sell the item to recoup the loan amount, thereby injecting used goods back into the market and providing an option for consumers to purchase items at reduced prices. In essence, they act as a flexible and accessible form of consumer credit and as a marketplace for pre-owned merchandise.
As small businesses, pawn shops also contribute to the local economy by creating jobs and maintaining cash flow within a community. While they may not have the significant economic impact of large retailers like Wal-Mart or Mega-Mart, which often send profits out of the local area, pawn shops are akin to "Mom and Pop" firms that circulate money within the local ecosystem. Moreover, they provide a service that is unique in its immediacy and accessibility, particularly for those who require cash and either cannot or choose not to engage with banking institutions. However, one must consider the societal and economic implications of this form of credit, as it often comes with high interest rates and can contribute to ongoing cycles of debt for some individuals.
The broader context of how pawn shops fit into the economy touches upon concepts like the market revolution, which transformed production and exchange from social relations to anonymous transactions governed by supply, demand, and price. In contemporary terms, pawn shops represent a point of access to the economy for both buyers and sellers on terms that are more immediate and possibly more accommodating to individual circumstances than traditional markets.
The company, suppliers, distributors, and customers who open double quote"partnerclose double quote" with one another to improve the performance of the entire system make up the __________.
Answer;
-Value delivery network.
Explanation;
-The company, suppliers, distributors, and customers who open double quote"partner close double quote" with one another to improve the performance of the entire system make up the value delivery network.
-Value delivery network is a part of supply chain of a company that includes the direct participants involved in production, distribution, marketing, customer service, among others, for given geographical area.
what is 55 billion expressed in scientific notation?
Which of the following tasks is likely to be done by the HR department?
a. Supporting technology equipment
b. Researching the product
c. Creating a financial report
d. Hiring employees
Is it b?
wrong its HIRING EMPLOYEES on edgnuity
When the number of responses is important to a schedule of reinforcement, that schedule is called a ________ schedule?
Answer: When the number of responses is important to a schedule of reinforcement, that schedule is called a ratio schedule.
A definition that spells out exactly how we plan to measure a variable is known as:
If a war destroys a large portion of a country's capital stock but the saving rate is unchanged, the solow model predicts that output will grow and that the new steady state will approach:
Anthony, the plant manager, was talking with another manager about tim, the lead engineer in the corporate r & d department. anthony remarked, "tim is so bright, and he is an expert in designing products. but like so many experts, he can't imagine what it's like to be as ignorant as the rest of us. i think at times, he cannot see things from an outsider's perspective." tim is suffering from
Tim is suffering from a narrow perspective. This is where an individual tends to be narrow minded. These are people who usually has a limited outlook in terms of considering other things such as ideas, perspectives or other suggestions—in which, they will likely not listen to other people.
The major drawback of most fad diets is:
a. they promote false information about weight loss.
b. they do not create lifestyle changes to support long-term weight control.
c. they create false hopes among those who try them.
d. they usually require the purchase of dietary supplements.
______________ of leaders include gathering, analyzing, and communicating various materials for the company both internally and externally.
The recommended model to estimate the cost of common equity for a firm is
The beat your doctor listens to through a stethoscope is the sound of the four valves opening and closing question 1 options:
a. True
b. False
What is a major risk posed by the increasing concentration of media ownership?
When doing business in russia, it is not appropriate to look directly into the eyes of your russian hosts?
Jim provides employees the opportunity to self-manage and make decisions over their own work processes. his leadership style is best described as:
Meaghan offers to pay quik delivery $50 if it picks up and delivers to her a package from her accountant within 30 minutes. quik delivery can accept the offer only by meeting the deadline. if qd performs as directed, these parties will have
What is the maximum fine imposed for a first offense for a minor who has purchased alcoholic beverages?
The maximum penalties for first-time offenders are $500 in many states for a first offence for a minor who has purchased alcoholic beverages.
What is alcoholic beverages?A variety of drinks with varying alcohol contents fall under the category of alcoholic beverages. Among the alcoholic beverages that are produced on a wide scale are beer, wine, China rice wine, and distilled spirits such brandy, whiskey, rum, gin, cognac, vodka, tequila, and China distilled spirit.
The demand for alcoholic beverages such as brandy, whiskies, rum, gin, and other gins, as well as wine, white wine, other grape-based wines, and other alcoholic beverages has increased on a global scale. India is the third-largest market for alcoholic beverages worldwide.
Alcohol poisoning and intoxication are more likely to occur more quickly and at lower dosages in alcoholic beverages that contain more alcohol than others.
Thus, The maximum penalties for first-time offenders are $500.
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Suzette opened a cd 10 years ago at an interest rate of 8.2% compounded semiannually. according to the rule of 72, when did she have half as much money as she does now?
In the situation where Suzette opened a deposit 10 years ago with 8.2% interest compounded semiannually, then as per the rule of 72, she had half of the money she has now at the end of 1.4 years.
What is the significance of the rule of 72?The 'rule of 72' is one of the modern and advanced rule of financial economics that helps an individual in identification of doubling up of the engagement of money with the returns in terms of approximate time required for the same.
Using the rule of 72, if an investment of $1000 is made at the given compounded interest, it will become approximately $2200 in 10 years, so the half of this amount, i.e., $1100 will be achieved by a person will be generated in less than 1.4 years.
Therefore, the significance regarding the rule of 72 has been aforementioned.
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Answer:
8.8
Explanation:
Why would deca, an international association of marketing students, be classified as a nonprofit organization?
Is it better to take risks and perhaps make some mistakes or remain cautious and risk nothing?
Which organizational structure did jack welch use at ge to eliminate vertical and horizontal lines within ge and to break down external barriers between the company and its customers and suppliers?
The organizational structure that Jack Welch use at GE to eliminate vertical and horizontal lines within GE and to break down external barriers between the company and its customers and suppliers is a boundary less organization.
Further Explanation:
Boundary less Organization: It is referred to an organizational structure that does not have any structures and is based on the idea of the free flow of information, efficiency, innovation, and growth so as to remain competitive in the constantly changing world. The concept was introduced by Jack Welch, who is a management thinker and former chairman of General Electric. The important principle of these organizations is adaptability and flexibility.
These organization also make use of the advanced tools and technology to facilitate the breaking down of vertical and horizontal lines. This helps in establishing a better and fast communication channel. This increases the productivity and efficiency of the organization.
Therefore, Jack Welch at GE should introduce a boundary less organization to break down external barriers with the customers and the suppliers.
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Answer details:
Grade: Middle School
Subject: Business Studies
Chapter: Organizational Structure
Keywords: Organizational structure, Jack Welch, GE, vertical and horizontal lines, external barriers, a boundary less organization, business studies.
Marginal cost pricing refers to the: rate of output at which marginal cost equals marginal revenue.
What are the four qualities of leadership that engender trust according to bennis and goldsmith?
The four qualities of leadership that engender trust according to Bennis and Goldsmith are vision, empathy, consistency, and integrity. Leaders who pull people together based on shared beliefs and common sense of belonging are called visionary leaders. Empathic leaders understand the world as we see and experienced it. Consistency leaders understand changes as a process of evolution while integrity leaders demonstrate a commitment to higher principles through their actions.
An account that would be increased by a debit is
A. cash.
B. fees earned.
C. capital.
Answer:
INCORRECT ANSWER A. cash is INCORRECT
Explanation:
The fundamental purpose of the starting phase of a project is ________.
Which investment is the most risky?
bonds
mutual funds
property
retirement accounts
B Mutaual Funds answer on plato
Mutual funds are the investment is the most risky. Hence, option B is correct.
Why Mutual funds are the investment is the most risky?Mutual funds invest in securities, whether they are equity or debt, whose values change in accordance with the state of the market. They are dangerous since the NAV of the fund is based on the values of each security held in the portfolio of the fund.
In general, mutual funds are considered to be a secure investment and an excellent way for investors to diversify with little risk. A mutual fund may not always be the best option for a market participant, particularly when it comes to costs.
Due to their higher level of diversification, or the fact that they include a variety of investments, mutual funds are typically less hazardous than individual equities. They still involve risk, though, as the value of the shares can decrease if the market or the underlying companies have financial troubles.
Thus, option B is correct.
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The office of government __________ exercises leadership in the executive branch to prevent conflicts of interest on the part of government employees and to resolve those conflicts of interest that do occur.
The office of government in question is part of the executive branch, which includes the President and the secretaries of different departments. These officials are responsible for enforcing laws and regulations while avoiding conflicts of interest, ensuring that the government functions with integrity.
Explanation:The office of government that exercises leadership in the executive branch to prevent and resolve conflicts of interest on the part of government employees is part of a system designed to ensure that the laws and policies of a nation or state are carried out effectively and ethically.
Within the U.S., positions such as the President and various secretaries who head different departments within the executive, like the U.S. Department of Veterans Affairs and the Securities and Exchange Commission, are tasked with the enforcement and administration of these laws and regulations. These offices must operate without conflicts of interest to maintain the integrity of the government.
The president and their cabinet members, who run agencies created by the legislature, are responsible for overseeing various aspects of the society and economy. They must remain impartial to stymie any undue influence from interest groups seeking to sway government regulations or appointments. This is part of the checks and balances in place that allow the executive branch to maintain a fair and just application of the law.
Sarah transferred $450.00 from her savings account to her checking account. She’ll use the check register to record her transaction. What will be her new balance?
Based on the information given, the new balance in her checking account will be $700.05.
From the information that was depicted in the graph, it can be deduced that the balance in the checking account was $250.05.
After this, Sarah transferred $450.00 from her savings account to her checking account. Therefore, based on the information given, her new balance will be:
= $450 + $250.05 = $700.05
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Answer: $700.05
Explanation: :)
A project has an initial cost of $6,500. the cash inflows are $900, $2,200, $3,600, and $4,100 over the next four years, respectively. what is the payback period?
Pay Back Period is a capital budgeting technique which shows the period at which the initial investment is returned in a project.
Payback Period = A + (B ÷ C)
In the above formula,
A is the last period with a negative cumulative cash flow = 2 Years;
B is the absolute value of cumulative cash flow at the end of the period A = $3,400;
C is the total cash flow during the period after A = $3,600
Payback period = 2 + ( $3,400 ÷ $3,600)
= 2 + 0.9444
= 2.944 years
Therefore, the payback period is 2.944 years.
*Note: The image attach shows the calculation of Cumulative cash flows)
If herman were to not hire jake, what would jake have to show to win an age discrimination in employment act (adea) case
The court's ruling in the landmark gebser case led to what guideline that is still applied today in determining whether there are grounds for monetary damages in sexual harassment lawsuits against employers?