What is an example of an open market?

Answers

Answer 1

Any investor can participate and all participants are offered the same prices, the stock markets in the United States are considered open markets.

What is an open market?The open market purchase and sale of government securities is known as an Open Market Operation (OMO), hence the name. It is carried out by a country's central bank (the RBI in India). The central bank will buy government securities on the open market to inject liquidity into the monetary system.The Trading Desk at the Federal Reserve Bank of New York is in charge of OMOs. The Federal Reserve is limited in its ability to buy and sell securities. Section 14 of the Federal Reserve Act authorizes OMOs.Open market operations in the debt markets target a specific short-term interest rate under inflation targeting.

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Related Questions

how do logistics managers effectively manage the supply chain? why do companies need to pay close attention to managing logistics?

Answers

Logistics managers have a complicated task in effectively managing the supply chain. This involves careful planning to ensure that all stakeholders are aware of needs, terms and objectives.

Some of the main aspects of logistics management include resource planning, product tracking and cost reduction.

First, logistics managers must carefully plan resources for the supply chain. This involves determining what resources are needed to meet requirements, when they are needed and in what quantities. This helps ensure that resources are available when needed, without exceeding budget limits. This also helps ensure that the supply chain is efficient.Second, logistics managers must ensure that products are delivered on time and in accordance with quality requirements. This is achieved by tracking products from their point of origin to their destination, verifying that they are on schedule. This helps ensure that products arrive at their destination on time and in good condition, minimizing storage costs and delivery delays.Finally, logistics managers must work to reduce costs in the supply chain. This can be achieved by using long-term contracts with suppliers to obtain better rates, using cheaper materials, and optimizing transportation processes. This helps reduce overall supply chain costs, thus improving the company's profitability.

Companies should pay close attention to logistics management as this is one of the main areas of the supply chain. Good logistics management can improve supply chain efficiency, reduce costs and improve customer service.

This helps to increase the company's profitability in the long run. Therefore, good logistics management is essential for the success of the company.

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in periods of rising prices, the inventory method which results in the inventory value on the balance sheet that is closest to current cost is the

Answers

In periods of rising prices, the inventory method which results in the inventory value on the balance sheet that is closest to current cost is the FIFO method.

A period of rising prices is known as an inflationary period. In an inflationary period, the prices of goods and services increase.

There are three inventory methods:

FIFO method: The first in, first out (FIFO) method assumes that the inventories purchases first are sold first and ending inventory is made up of the goods bought last.  

LIFO method: The last-in, first-out (LIFO) method assumes that the latest purchased inventories are the first to be sold and ending inventory consists of goods purchased first.  

The average cost method: this method makes use of the weighted average cost to determine the value of goods sold and ending inventory.

The balance sheet records ending inventory. In periods of rising prices, the FIFO method would result in inventory value closest to the current cost in the balance sheet.

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What is the purpose of international trade and how does it help the countries involved in it?

Answers

Answer:

the trade without border is

international trade.it purposes to share goods ,ideas,resources, etc.

it helps country in the time of need.

Answer:

Global trade makes it possible for people living in one country to use products from another country, allowing them to benefit from products that are not domestically produced. If a country is endowed with abundant labor or favorable climatic conditions, it has an advantage over the nations that do not have them. It makes economic sense to produce and export goods that other countries cannot produce as cheaply. This way, the exporters can increase sales with foreign commerce and strengthen their country’s economy, while earning profits at the individual level. It also helps strengthen the foreign currency reserves of the country.

International trade is a key driver in regulating foreign currency rates. Global trade helps balance a country’s cyclical pattern of trade deficit and surplus. When a country’s currency is strong, its imports tend to exceed its exports, thus creating a trade deficit for the importer. This situation leads to the exporter country’s currency strengthening and the importer’s currency eventually weakening. Over time, a role reversal happens with exports overtaking imports, thus strengthening the exporter’s currency and creating a trade surplus for the importer. Many other factors influence this cycle too, for example, product cost inflation and interest rates. Global trade removes boundaries and makes the whole world into a single marketplace, and that can work to the benefit of all the participating partners.

Explanation:

PLATO answer!

I have 1 F and 2 D's in my business class, Language arts, and science, because I have to study for another school which takes up a lot of my homework time. (Online School) Please help (┬┬﹏┬┬)

Answers

Answer:

I'm not sure how to help other than to tell you that you've got this! I am an AP and a dual-enrollment student, so I completely understand.

In video case study about using powerbi in rwanda, the production of what agricultural product benefited from greater transparency in the value chain between the 200,000 famers and 160 collection points for their product?.

Answers

Milk,  A sustainable supply chain must include transparent production as a key component.

What is transparency in value chain?

Having a transparent supply chain means that businesses can tell internal and external stakeholders, including customers, where and how their products are made based on trustworthy data.

Visibility: Accurately recognizing and gathering information from every supply chain connection. Disclosure: Sharing the information with the appropriate level of detail, both internally and externally.

A sustainable supply chain must include transparent production as a key component. This requires entrepreneurs to be transparent about their product sourcing, detailing the precise processes taken in the supply chain to ensure that their items get at the doorstep of their customers.

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A customer has a total purchase of $84.75. She hands the person at the
register four $20 bills, three $1 bills, six quarters, one dime, one nickel, and
five pennies. Which of the following is true?

Answers

Answer: The Customer Still owes 0.05

Explanation:

The customer owed $0.05 because She hands the person at the register four $20 bills, three $1 bills, six quarters, one dime, one nickel, and five pennies.

What does purchase cost mean?

The total Purchase Price is the total sum that the buyer is required to pay for the goods or services under the terms of the purchase agreement, excluding any taxes, fees for administration, and financing costs.

The term "buy cost" refers to the complete cost of the good or service, including any applicable taxes, shipping charges, additional fees, and contingencies.

Given,

Purchase cost = $84.75

Repayment of cost are as follows = 4 * 20 = $80

                                                        = 3 * 1    = $3

                                                        = 6 * 0.25= $1.5

                                                        = 1 * 0.10 = $0.10

                                                        = 1 * 0.05 = $0.05

                                                        = 5 * 0.01 = $0.05

The total Payment made by the customer is = $84.70

Thus, the customer pays only $84.70 out of $84.75 which is $0.05 short.

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This table shows the CTSOs that four high school students are involved in: A 2-column table with 4 rows. Column 1 is labeled Student with entries Elyse, Abin, Kendra, Angelica. Column 2 is labeled Current C T S O with entries T S A, F E A, D E C A, H O S A. Assuming the students continue down the same career path, which table shows the professional organization that each student would most likely be a part of in the future? A 3-column table with 4 rows. Column 1 is labeled Student with entires Elyse, Abin, Kendra, Angelica. Column 2 is labeled Current C T S O with entries T S A, F E A, D E C A, H O S A. Column 3 is labeled Future P O with entries A F P, A A S A, A S M E, A M A. A 3-column table with 4 rows. Column 1 is labeled Student with entires Elyse, Abin, Kendra, Angelica. Column 2 is labeled Current C T S O with entries T S A, F E A, D E C A, H O S A. Column 3 is labeled Future P O with entries A S M E, A A S A, S A G, A C S. A 3-column table with 4 rows. Column 1 is labeled Student with entires Elyse, Abin, Kendra, Angelica. Column 2 is labeled Current C T S O with entries T S A, F E A, D E C A, H O S A. Column 3 is labeled Future P O with entries S A G, A C S, A F P, A M A. A 3-column table with 4 rows. Column 1 is labeled Student with entries Elyse, Abin, Kendra, Angelica. Column 2 is labeled Current C T S O with entries T S A, F E A, D E C A, H O S A. Column 3 is labeled Future P O with entries A S M E, A A S A, A F P, A M A.

Answers

Answer:

The answer is A

Explanation:

This table shows the CTSOs that four high school students are involved in: A 2-column table with 4 rows.

how are you avalon23413?

Answers

Answer:

im great

Explanation:

Answer:

I’m doing well !! I hope you’re are going good too

Explanation:

Disadvantages of choosing a job that is extremely popular or in demand

Answers

The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.

What is a high demand job?

This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.

The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.

The number of qualified persons may become more than the job that is available for the people to do in the long run.

Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.

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identify ten entrepreneur and classify them under the types of entrepreneur​

Answers

Answer: There are only five types of entrepenuer...

1. Skeptical entreprenuer: Sees the success of others and questions it.

2. Copycat entreprenuer: Sees the success of others and copys them exactly.

3. Research entrepreneur: They research every possible scenario and outcome for strategies to start or grow a business...

4. The determined entrepreneur: - hasn't made it yet- but will.

5. The accolmplished entrepreneur: Has gone through all types of entrepreneur and has built success from it.

Explanation: Hope this helps!

the value of 4 + -3 take away negative 7 is ​

Answers

Answer:

-6

Explanation:

1-7 =-6

Suppose a man's scalp hair grows at a rate of 0.26 mm per day. what is this growth rate in miles per century? miles/century

Answers

The growth rate of a man's scalp hair, which is 0.26 mm per day, can be converted to miles per century. To do this, we need to convert millimeters to miles and days to centuries.

Converting millimeters to miles:  

1 mile is equal to 1,609,344 millimeters (mm).  

To convert 0.26 mm to miles,

we divide it by 1,609,344. 0.26 mm ÷ 1,609,344 = 0.000000161 miles

Converting days to centuries: 1 century is equal to 100 years. 1 year has approximately 365.25 days (accounting for leap years). To convert days to centuries, we divide the number of days by 36,525 (365.25 days × 100 years).

1 day ÷ 36,525 = 0.0000274

centuries Multiplying the conversion factors: To find the growth rate in miles per century, we multiply the conversion factors we obtained in

steps 1 and 2. 0.000000161

miles × 0.0000274 centuries ≈ 4.4144e-12 miles/century.

Therefore, the growth rate of a man's scalp hair, which is 0.26 mm per day, is approximately 4.4144e-12 miles per century.

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Prompt
What is liability?
Read More >>

Answers

Answer:

jobless

Explanation:

someone who depend on other people

HELPPP ILL MARK BRAINLIEST!!!!
Which task can be accomplished using the Chart Elements drop-down list in the Current Selection command group?

Change the type of chart.
Change the color of the chart.
Change the style of the chart title.
Change the gradient of the back wall.

HELPPP ILL MARK BRAINLIEST!!!!Which task can be accomplished using the Chart Elements drop-down list

Answers

Answer:

Change the gradient of the back wall.

Explanation:

Answer:

d

Explanation:

Read each transaction and identify the journal in which the transaction should be recorded: GJ-General Journal, RJ - Revenue Journal, PJ - Purchase Journal, CRJ- Cash Receipts Journal, CPJ - Cash Payments Journal 1) Recorded the adjusting entry for accrued interest. 2) Performed repair services on account. Purchased office supplies on account. 3) Borrowed cash for an expansion project. Received $500 from Tool Inc. on account. 5) Paid owner's utility bill. 7) Paid monthly rent. 8) Completed Job #34 for services provided for Beard Co. Purchased inventory on account.

Answers

Here are the journal in which the transaction should be recorded: GJ-General Journal, RJ - Revenue Journal, PJ - Purchase Journal, CRJ- Cash Receipts Journal, CPJ - Cash Payments Journal  

1) Recorded the adjusting entry for accrued interest. - GJ-General Journal2) Performed repair services on account. Purchased office supplies on account. - PJ - Purchase Journal3) Borrowed cash for an expansion project. Received $500 from Tool Inc. on account. - CRJ- Cash Receipts Journal5) Paid owner's utility bill. - CPJ - Cash Payments Journal7) Paid monthly rent. - CPJ - Cash Payments Journal8) Completed Job #34 for services provided for Beard Co. Purchased inventory on account. - RJ - Revenue Journal  

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Requiring managers to prepare the budgets from scratch or zero-base may help them to overcome the problem of:

Answers

Answer: Excessive cost

Explanation:

Zero-based budgeting is the sort of budgeting where when income is subtracted from expenses it gives zero. This sort of budgeting puts a measure of the expenses, it ensures the expenses matches the income. The purpose of the budget plan is to justify expenses and optimize cost, thereby look out for cost effective ways to plan and avoid inflated budgets. It primarily guides against excessive costs on projects.

Jobs sights on the internet tend to be all alike. True or false?

Please help I’ll give Brainly to the best answer thanks!

Answers

Answer: True

Explanation:

Donald is a business development executive in a big retail company based in Omaha. His company now wants to expand and has sent Donald as their representative. Donald is also authorized to deal and negotiate with different vendors directly and in his own capacity. What role is Donaldplaying as per the contract law?

Donald is a business development executive in a big retail company based in Omaha. His company now wants

Answers

Answer:

C. Agent

Explanation:

Agent Law- the agent deals with third parties on behalf of the company in a contract and the company defines the control an agent can exert

Marketers selling milk, bread, and other consumer staples know most customers do not spend much time searching or comparing alternatives. For most consumers, these are _____________ goods.
a.specialty
b.shopping
c.convenience
d.ritual
e.impulse

Answers

Milk, bread, and other consumer staples are considered convenience goods. Most customers do not extensively search or compare alternatives when purchasing these items.

Convenience goods are products that are purchased frequently, with minimal effort and little consideration of alternatives. They are everyday items that consumers require for their basic needs, such as milk and bread. Convenience goods are characterized by their low involvement and routine purchasing behavior.

Customers typically have well-established brand preferences or tend to choose based on factors like price, availability, and convenience of purchase. Marketers of convenience goods understand that customers prioritize convenience and ease of acquisition, rather than investing significant time or effort in searching or comparing different options. Therefore, they focus on factors like product placement, accessibility, and brand recognition to ensure their products are readily available and easily accessible to consumers.

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How important is money

Answers

Answer:

very important

Explanation:

money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.

Bert's company is about to release a new electronics product. the electronics product is estimated to have a short life cycle before it is replaced by an upgraded one. the company would like to recover the capital spent to produce the product. it therefore decides to charge the highest possible price for the product upon release. bert's firm recognizes this might provide an advantage to competitors who may release the product at a lower price, but it believes customers will feel that the higher price signals higher quality.
what type of pricing objective has bert's firm adopted?cash flow

Answers

The type of pricing objective has Bert's firm adopted cash flow.

Which of the following is a reason for a corporation to increase the price of a product?

Companies occasionally increase their prices to reflect rising costs. To cover any further cost increases, they may generally raise the prices by a larger amount than the cost increases. A seller may raise the price of their goods if there is a greater demand than there is for that thing.

Which of the following pricing techniques is most likely to cause a retailer to lose money on the item?

In an effort to boost sales of other goods, it is offered at a discount to cost. Pricing for special events and price leaders.

What appeals to cellars about a high-low pricing strategy?

Because it draws buyers from two different market segments—those who are not price sensitive and are prepared to pay the "high" price and those who are more sensitive to price and wait for the "low" sale price—a high/low strategy is appealing.

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Suppose that Canada can produce 100,000 hockey sticks or 10,000 gallons of maple syrup in a typical workweek, while Germany can produce 90,000 hockey sticks or 10,000 gallons of maple syrup in a typical workweek. From these numbers, we can conclude:
A. Canada has a comparative advantage in the production of hockey sticks.
B. Germany has a comparative advantage in the production of hockey sticks.
C. Canada has an absolute advantage in the production of maple syrup.
D. Germany has an absolute advantage in the production of maple syrup.

Answers

Answer:

A. Canada has a comparative advantage in the production of hockey sticks.

Explanation:

The computation is shown below:

For Canada

The Opportunity cost of Hockey is

= 10000 ÷ 100000

= 0.1 gallons of maple syrup

For Germany

The Opportunity cost of Hockey is

= 10000 ÷ 90000

= 0.11 gallons of maple syrup

So based on this, the option A is correct

And, the same is to be considered

Therefore all the other options would be wrong

In the short run, a manufacturer should produce the next unit of output as long as:
A. Price is greater than total cost.
B. Price equals total cost.
C. Marginal cost is greater than price.
D. Price is greater than marginal cost.

Answers

In the short run, a manufacturer should produce the next unit of output as long as the price is greater than the marginal cost.

This is because the marginal cost represents the additional cost incurred in producing one more unit of output, and as long as the price is greater than this cost, the manufacturer will be able to cover their variable costs and make a profit. Option D correctly describes this relationship between price and marginal cost.

To maximize profits in the short run, a manufacturer should produce the next unit of output if the price it receives for that unit is greater than the additional cost of producing it, which is the marginal cost. If the price is less than the marginal cost, then producing the next unit would reduce profits. Therefore, the manufacturer should produce up to the point where the price equals the marginal cost, and not produce any more units beyond that point.

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The share in the company's profit is called_________.​

Answers

Answer:

profit sharing

Explanation:

From Investopia they define profit sharing as

"A plan gives employees a share in their company's profits based on its quarterly or annual earnings."

Which instrument of trade policy has been in use the longest?
a. Import quotas
b. Antidumping
c. Local content requirements
d. Tariffs

Answers

The simplest and oldest type of trade policy instrument is the tariff. By artificially inflating the domestic price of the imported commodity, they are now mostly employed to shield specific domestic industries from foreign competition.

What is tariff?

A tariff is a charge that a nation's government or a supranational organisation imposes on products being imported or exported. Import taxes are not only a way for the government to make money, but they can also be used to control international trade and to support or protect home industries. Industrial tariffs are customs taxes imposed on imports of non-agricultural goods and are assessed either on an ad valorem basis (as a percentage of value) or on a per-unit basis (for instance, $1 per 100 pounds). Industrial (non-agricultural) commodities account for roughly 94 percent of all merchandise imports into the United States.

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what is marketing management?why is it important?​

Answers

Its help to stand competent in highly thriving competition in the market.

Answer:

Marketing management is especially important for smaller businesses because it gives them a level footing to complete with larger players in the field.Thorough customer research,creative campaigns and marketing strategies and positive branding can go a long way in providing a brand with an edge over its competition.

Explanation:

hope it helps you

according to us gaas, when the auditor of the group financial statements is assuming responsibility for the work of component auditors, for components that are not significant components, the group engagement team should perform

Answers

According to US GAAS, when the auditor of the group financial statements is assuming responsibility for the work of component auditors for components that are not significant components, the group engagement team should perform the following steps: Evaluate the component auditors' professional competence and independence.

What are the steps performed by auditors team?

The steps which the group engagement team should perform include:

Evaluate the component auditors' professional competence and independence.

Communicate with component auditors to establish a clear understanding of their responsibilities and expectations. Review the audit plans and programs prepared by component auditors to ensure that they adequately address the risks associated with the components.

Review the work performed by component auditors, including key audit documentation, to assess the quality and sufficiency of the audit evidence obtained. Evaluate the impact of the component auditors' work on the overall conclusions of the group financial statements and the group audit opinion.

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In its income statement for the year ended December 31, 2022, Whispering Winds Corp. reported the following condensed data. Operating expenses $ 719,000 Interest revenue $ 32,000 Cost of goods sold 1,255,000 Loss on disposal of plant assets 16,000 Interest expense 70,000 Net sales 2,199,000 Income tax expense 44,000 Other comprehensive income (net of $1,200 tax) 8,200 1. Prepare a comprehensive income statement.2. Prepare a multiple-step income statement.

Answers

The Multiple Income Statement is $127,000.

Multiple Income Statement

Multiple Income Statement For the Year Ending Dec. 31, 2022

Particulars Amount ($)

Net sales 2,199,000

Less: Cost of goods sold 1,255,000

Gross profit 944,000

(2,199,000-1,255,000)

Less: Operating expenses 719,000

Operating income 225,000

(944,000-719,000)

Other revenue:

Interest revenue 32,000

Other expenses and losses:

Interest expense 70,000

Add: Loss on disposal of plant assets 16,000

Total other expenses and losses 86,000

(70,000+18,000)

Income before tax  171,000

(225,000+32,000-86,000)

Less: Income tax expense 44,000

Net income 127,000

(171,000-44,000)

Therefore the Multiple Income Statement is $127,000.

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T/F: As asserted in "It's A Flat World, After All," if Wal-Mart were a country, it would be China's eighth-largest trading partner.

Answers

The given statement "As asserted in "It's A Flat World, After All," if Wal-Mart were country, it would be China's eighth-largest trading partner" is True. Because Wal-Mart imports vast amount of products from China to sell in stores and sources 70% of its merchandise from China



This partnership between Wal-Mart and China has had a significant impact on the global economy. On the one hand, Wal-Mart's demand for low-cost goods has helped to stimulate China's manufacturing sector, providing jobs and income for millions of Chinese workers. On the other hand, Wal-Mart's business practices have been criticized for exploiting workers in China and contributing to the widening income gap between rich and poor.



Overall, the relationship between Wal-Mart and China highlights the complex interplay between globalization, trade, and economic development. While the two have benefited from their partnership, there are also significant social and environmental costs that must be considered. As the world becomes increasingly interconnected, it is important to strike a balance between economic growth and social responsibility.

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based on what you learned about co-ceo korey and causal attribution, what attributional tendency do you believe she utilizes when an employee wants to take time off or does not immediately answer messages?

Answers

The correct answer is self-fulfilling prophesy, also known as interpersonal expectancy effect which are relevant in corporate world.

What exactly is self-fulfilling prophecy?

The phenomenon of self-fulfilling prophecy, also known as the interpersonal expectancy effect, describes how a person's or a group's anticipation for the behaviour of another person or group serves to actually bring about the prophesied or expected behaviour. Self-fulfilling prophesy refers to the process through which an initially wrong expectation becomes its own confirmation. An individual's expectations about someone else or something eventually result in that different person or entity acting in ways that validate the expectations in a self-fulfilling prophecy.

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based on what you learned about co-ceo korey and causal attribution, what attributional tendency do you believe she utilizes when an employee wants to take time off or does not immediately answer messages

Explicit bias

Self-fulfilling prophecy

Helo effect

Self servicing bias

Fundamental attribution bias

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Lynn Samuels, the marketing director. agrees that the matket exists and instructs Mike Stritch, from its advertising agency, to begin his presentation. Mike Informs the group that the agency fecommends building a campaign around recycled packaging. He goes on to explain that FrultFresh car make their cartons with better than 50 percentrecycled products, the highest percentage that any company has been able to achieve, and suggests the slogan "FrultFresh. Good for you, good for your world," Lynn and the other employees Ilke the idea, but Perry is concerned. Perry questions whether they would be misrepresenting its product by claiming that the container is. recycled when only half of the packaging comes from recycled products. Defending his lelea, Mike comments that Cainer. Frulffersh's compotitor. would have no problem making such a claim. When Perry counters that Cainer might copy their campaign, Mike argues that the public may not belleve them because of their previous record in the environmental area. Perry incuuires why they do not publicize that Cainer is using artificial coloring in its "natural" juice. Mike does not think that this would have the same impact and stresses that they would have to be careful before they began making accusations. Lynn also stresses that FruitFresh has a sizable investment in this product line and explains that they cannot raise their prices enough to offset the increased manufacturing costs of going above 50 percent recyclec material because of the tight market. She comments that she is interested in keeping plastics out of the waste stream, but that FrultFresh also needs to make a profit. Mike then assures Perry that he has done his research and that they have to determine which plastics are recycled in laminated products. Lynn reminds Perry that it is his decision since he is the brand manager. Perry contemblates his decision. Questions 1. What are the main ethical issues, If any, in the FrultFresh case? Describe each ethical issue. 2. What are Perry's options?3. How do the three levels of moral development relate to Perry's situation? 4. What would you do? Solve for a a = 100 When driving in the rain:A. Maintain speed and turn on your emergency flashersB. Reduce speed, decrease your following distance, and turn on your high beamsC. Reduce speed, increase your following distance, and turn on your low beams Best Buy sells a flat-screen high-definition TV for $700. Best Buy marks up the TV 45% on cost. What is the cost and dollar markup of the TV? print and upload a pdf of standard profit and loss statement for rock castle construction for this fiscal year-to-date (01/01/2024 to 12/15/2024) in two columns. A rectangle has a diagonal of 5 feet. If one of the sides of the rectangle is 3 feet, what is thelength of the other side? Recall a "first" in life: the birth of your first baby sibling, your first time driving, the first birthday party you remember, or another first. Write two paragraphs that describe this important event, paying particular attention to details and sequencing. Remember that details refer to the facts of observations an author includes or omits. Think of details as specifics. For example, if the author said she drove a Mustang, you wouldn't know much. However, if she said she drove a 1965 candy apple red Mustang convertible with baby soft white seats and polished chrome instruments, you would have a much better idea. Use proper spelling and grammar. (10 points)Your answer: