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An organization that manages the creation and dissemination of rules and standards in approximately every U.S. business division. ANSI is also keenly involved in the accreditation programs that supervise those standards, involving ISO 9000 (quality) and ISO 14000 (environmental) management systems. It was established in 1918 by five engineering societies and three government agencies; it is at present a nonprofit organization.
Under ANSI's management, Accredited Standards Committee X9 (ASC X9) supervises the global financial services industry and is accountable for all financial-services norms in the U.S. In that capacity, ASC X9 plays a lead role in the introduction of new banking techniques. Instances involve credit card magnetic stripes, standards for paper and electronic checks, and ATM cards. The American Bankers Association gives administrative support for ASC X9 standards.
How can the size of shadow economy estimated? The size of the shadow economy is estimated when activity is undeclared as the amount of informal activity can be calculated: a
Suppose a firm’s budget were large enough to employ 100 units of either labor or capital, the cost of a unit of labor being the same as a unit of capital. The production function i
Define the effectiveness of World Bank in promotion of development? The World Bank has a clear set of goals: to assist countries meet the UN Millennium Development Goals. A ma
The end of fixed exchange rates
compute the opportunity cost
Most studies of firms’ long run costs have found that average costs decline as firms produce increasingly larger output levels (economies of scale), such as for automobile firms. H
(a) Name three types of government interventions and 3 economic factors affecting the business environment and with given example explain how these affect the business environment.
Percentage Method
How can be comparative advantage improved? Comparative advantage can be gained or improved through: • Investment during the education and also in training • Investment wi
Can economies grow of less developed countries by developing its secondary sector? Economies grow of less developed countries by developing its secondary sector because manufac
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