To meet the needs of the client is the overarching goal that must be defined as the first step in every project's scope definition.
The project's scope is what?A list of particular project objectives, deliverables, tasks, costs, and dates must be determined and documented as part of the project scope phase of planning. A scope statement or terms of reference is a written description of a project's scope. It defines the project's parameters, assigns roles to each team member, and outlines the processes by which finished work will be examined and approved. This documentation aids the project team's concentration and task-orientation throughout the project. The team's decision-making about change requests during the project is likewise guided by the scope statement.
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Main Idea What luxuries do you think would have a higher price elasticity than others? Give three examples and explain why you think they would have an exceptionally high elasticity.
Examples of luxuries that will have price elasticity than others are:
Luxurious carsFirst-Class FlightsJewelry.The reason they would have high elasticity is that they categorized as luxurious based on their quality. Hence, those who purchase them will make a buying decision based on which provides a higher quality and as such a more elevated status symbol.
What is price elasticity?The price elasticity of demand for an item is a measurement of how sensitive the amount sought is to its price. When the price of an item rises, the amount required reduces for virtually all of them, although it falls more for some than others.
A product is deemed elastic if a price adjustment produces a significant change in either its supply or demand. In general, it signifies that the product has suitable replacements. Cookies, fancy autos, and coffee are a few examples.
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the duration and convexity of an option-free bond priced at $90.25 are 10.34 and 151.60, respectively. if yields increase by 200 bps, the percentage change of the price is closest to:
An option-free bond option priced at $90.25 has a tenure of 10.34 years and a convexity of 75.80 years. The closest percentage change in price is 17.65% if rates rise by 200 bps.
What is a bond option?An option to buy or sell a bond at a specific price on or before the option expiration date is referred to as a bond option in finance. When bonds, the underlying assets in this example, approach their maturity date, all of the values associated with them become known, reducing their volatility. This phenomenon is known as pull-to-par. But because this process is not reflected in the Black-Scholes model, which assumes constant volatility, it cannot be used in this situation.
Bond-like characteristics are also referred to as "bond choices" in some cases ("embedded options"). These are not a distinct tradable product, but rather a component of the bond itself. A bond may have multiple alternatives because they are not mutually exclusive.
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can you derive the capital per worker, output per worker, consumption per worker in the steady state?
The capital per worker, output per worker, consumption per worker in the steady state is to be more precise, k* = k*(1 ) + sAf(k*) is the solution to the equation for the steady state level of capital.
When output, consumption, and capital per worker remain constant, this is referred to as the steady state. An economy eventually stabilises in the absence of productivity growth, with production increasing at the pace of population growth. Since capital per worker is constant in the steady state, so is output.
Consequently, the steady-state output growth rate per worker is 0. The amount of capital per employee is: In all other respects, an economy with more physical capital is able to generate more than one with less. More capital investment boosts economic growth because it increases the pool of available capital due to savings and investment.
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a monopolist can sell 10 toys per day for $10.00 each. to sell 11 toys per day, the price must be cut to $9.50. the marginal revenue of the 11th toy is
$9.50 must be the new price. The 11th toy's marginal revenue is $4. Thus option (C) is correct.
What is revenue?The total income derived from the sale of products or services pertaining to a business's core operations is referred to as revenue. Because it appears at the top of the income statement, revenue, which is also known as gross sales, is frequently referred to as the "top line." A company's overall earnings or profit are referred to as income or net income.
By dividing the change in total revenue by the change in total output volume, a business determines marginal revenue. A company can look at its marginal revenue to ascertain the number of earnings it will make from the additional units of goods sold. Therefore, in order to maximize profits, a business must increase production to the point at which marginal revenue is equal to marginal cost.
Therefore, Thus option (C) is correct.
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two leadership styles used by fiedler in his contingency theory are . a. relationship-oriented and task-oriented b. concern for people and concern for production c. employee-centered and job-centered d. employee-oriented and relations-oriented e. consideration and initiating structure
The two leadership styles used by Fiedler in his contingency theory are relationship-oriented and task-oriented. The Option A is correct.
What is Fiedler's contingency theory?The model of Fiedler’s Contingency states that there’s no one best style of leadership. Instead, most leader’s effectiveness is determined by whether the leader’s style and the environment in which the leader is performing complement each other.
The concept of Fiedler’s Contingency theory is based on a theory developed in the mid-1960s by Austrian psychologist Professor Fred Fiedler after studying the personalities and characteristics of leaders.
During his study, he discovered that found that a leader’s readiness level came down to two things which are his natural leadership style and situational favorableness.
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a(n) is a contract by which an obligee promises to accept a stated performance in satisfaction of the obligor's existing contractual duty.
An accord is a contract by which an obligee promises to accept a stated performance in satisfaction of the obligor's existing contractual duty.
An accord is an agreement to accept anything of value in exchange for waiving one's right to sue the other. It is a contract between two parties that resolves a contractual disagreement by completing an initial obligation and offering an alternative form of performance. Treaty is often interchanged with the word accord. This is frequently an agreement to remove criminal charges provided another requirement is met.
With an accord, the wronged party is given back property that was wrongfully taken from them in exchange for their pledge not to file a lawsuit. Both parties must be aware of the contract's terms and it must be specific. An agreement also exists when one party accepts a substitute obligation for the original responsibility set forth in the contract. The contract is deemed executory if all of its terms have been met.
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ned is a typewriter repairman. as typewriters are being replaced by computers ned finds less and less work. what kind of unemployment is ned experiencing?
Ned is a typewriter repairman. as typewriters are being replaced by computers need finds less and less work. structural unemployment kind of unemployment is ned experiencing.
"An individual is an unemployment for social insurance advantages if the director finds that he or she left his or her most up-to-date work voluntarily while not smart cause or that he or she has been discharged for misconduct connected along with his or her most recent work." In determinative eligibility for benefits, the Code provides "an individual could also be deemed to own left his or her most recent work with good cause if he or she leaves employment to shield his or her children, or himself or herself from violence abuse." The claimant's married person doesn't have to be compelled to be the supply of the
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Budgets and capital spending rules are the most important ________ controls in subunits within multinational firms.
Budgets and capital spending regulations are the two most significant bureaucratic controls in subunits of multinational corporations.
How is bureaucratic control applied?
In order to affect employee behavior and assist a company in achieving its objectives, bureaucratic control uses formal mechanisms. In order to influence, monitor, and evaluate employee performance, formal systems of rules, roles, records, and awards are used in bureaucratic management.The part of bureaucracy known as bureaucratic control is involved with regulating organizational behavior by means of organizational structure. Through hierarchies, roles, policies, norms, procedures, and other structural measures that standardize operations, it replaces direct control by managers with indirect control.The modern corporation is yet another illustration of bureaucratic management.To learn more about Bureaucratic control refer to:
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greg hoffman, cfa, has been offered a cash payment by hill manufacturing, inc. to write a research report on their company. according to the code and standards, hoffman:
to prepare a research paper on their business. Hoffman is required by the code and standards to disclose the terms of Hill's salary in his study report.
A salary is a type of recurring payment made to an employee by their employer and may be outlined in an employment contract. In contrast, piece wages pay each work, hour, or another unit separately rather than on a regular schedule. From the perspective of operating a business, salary can also be seen as the cost of obtaining and keeping employees to carry out operations; in this case, it is referred to as a personnel expense or salary expense. Payroll accounts in accounting are used to record salaries.
A salary is a set sum of money or another kind of payment made to an employee by their employer in exchange for services rendered. Regularly defined intervals are used to pay salaries, such as monthly installments of one-twelfth of the annual salary.
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not all jobs are intrinsically motivating. for example, many entry-level jobs often involve repetitive and simple tasks that can become rapidly boring. how can managers motivate frontline employees (such as fast-food cashiers, trash collectors, supermarket cashiers, etc.) to perform at high levels?
Complimenting, praising their efforts, and sometimes giving them charge of something can help in motivating frontline employees who are involved in repetitive jobs.
People that involve in repetitive tasks such as entry-level, cashiers every single day lead to feeling bored and fed up. In this case, motivation coming from the manager or senior works deep and impactful. Giving the employee incentives every time they work extra hard to make things work well, praising those efforts, and trying to shift them periodically to some new department to work on in order to make them refresh and better exposure. Creating mentor programs, and meditation sessions, rewarding long-term employees, encouraging them to have a life outside of work and jobs and having them come back recharged (reward and recognition tools act as extrinsic motivation).
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10. one-to-one relationship marketing programs conducted between suppliers (marketers or sales organizations) and their distributors or resellers (retailers) are called
One-to-one relationship marketing program is called relationship marketing or customer relationship management (CRM).
The idea of this program is to personalized interactions in order to better understand their needs, their obstacles, etc., in order to increase customer loyalty and customer lifetime value.
The total cost c, in dollars, that a shop charges to print t-shirts is c = 45 + 7n, where n is the number of t-shirts ordered. Coach dell paid $206 to order t-shirts for the track team. How many t-shirts did coach dell order?.
The number of shirts that coach Dell ordered was 23 , by assuming n as number of shirts in given equation.
By cost, what do you mean?A cost is the value of money used to manufacture an item or offer a service but which is now unavailable for use in manufacturing, research, retail, or accounting. When calculating an acquisition cost, the sum of the acquisition's costs is taken into account.
What do you mean by cost?Cost is the sum of money that a company spends to manufacture or produce goods or services. The profit margin markup is not included. Cost, as perceived from the seller's perspective, is the total amount of money used to create a good or product.
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What process identifies desirable markets by eliminating the less desirable markets?.
Environmental scanning is the process identifies desirable markets by eliminating the less desirable markets.
What is Environmental scanning?An environmental scan is the process of identifying and keeping track of external and internal variables that could have an impact on an organization's long-term viability. In essence, you are trying to create the "grand picture" during this step. regions of Scan of the environment.Environmental scanning is a procedure that methodically examines and analyzes pertinent data to find external opportunities and risks that may have an impact on decisions in the future. It should be utilized as a step in the strategic planning process and is closely tied to a SWOT analysis.Screening and selection procedures are statistical techniques for classifying people into two or more groups based on available tests or data. Usually, a desired quality or characteristic of the people causes concern.To learn more about Environmental scanning refer to:
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Which is likely to be a factor in volkswagen’s decision to produce its atlas suv in the united states rather than export it from germany?.
The likely factor in Volkswagen’s decision to produce its Atlas Suv in the U.S. rather than export it from Germany is its value-to-weight ratio. The Option C is correct.
What is a value-to-weight ratio?This ratio is a sort of metrics that determines parts of the distribution network. It is possible to have centralized system (in case there is a low value to weight) and a decentralized system (in case there is a low value to weight).
Time has become important in regards to principles such as postponement and just-in-time within the value chain, resulting in a high willingness to pay for quick delivery of key components or items of high value-to-weight ratio.
Market test shown that because of the limited number of sellers of rough diamonds, the products high value-to-weight ratio and the fungibility of rough diamonds expected to cut to a particular polished grade, rough diamonds trade on a worldwide basis.
Missing options "mass customization eBook O lean production Print References O value-to-weight ratio ) flexible machine cells C minimum efficient scale"
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the options for allocating a diversified company's financial resources include all of the following, except . a. making acquisitions to establish positions in new businesses or to complement existing businesses b. investing in ways to strengthen or grow existing businesses c. funding long-range r
The options for allocating a diversified company's financial resources include all of the following:
Making acquisitions to establish positions in new businesses or to complement existing businessesInvesting in ways to strengthen or grow existing businesses.Funding long-range R&D ventures aimed at opening market opportunities in new or existing businesses.Paying off existing debt, increasing dividends, building cash reserves, or repurchasing shares of the company's stock What are financial resources ?Financial resources are the funds and assets that fund the activities and investments of an organization. Simply put, financial resources are the money that keeps a business running, and there are several ways businesses raise and use financial resources. Internal Source - Owner generated funds within the organization. Examples of this reference include the sale of assets, retained earnings, etc. For example, issuance of shares to the public, debentures, loans from commercial banks, etc. Funds are used to carry out the company's primary activities, such as purchasing goods and services, and to make long-term investments.To learn more about financial resources from the given link :
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Suppose that electricity producers create a negative externality equal to $6 per unit. Further suppose that the government imposes a $8 per-unit tax on the producers. What is the relationship between the after-tax equilibrium quantity and the socially optimal quantity of electricity to be produced?.
In the given situation, the correct option is (B) the after-tax equilibrium quantity is greater than the socially optimal quantity.
What is the after-tax equilibrium?The tax has the effect of shifting the quantity toward a position where the difference between the before-tax demand and the before-tax supply equals the tax. A tax raises a buyer's price by more than the tax itself. Similarly to that, the price the seller receives decreases, but only slightly.So, when the costs of production or consumption activities to third parties outweigh their benefits, this is referred to as a negative externality.
Pollution is one instance of a practice that produces a bad externality.Taxation is one method of reducing externality.While there is a $6 negative externality generated, there is an $8 tax. While there would be a $6 negative externality produced, the tax would result in an $8 decrease in the equilibrium quantity.Then, The after-tax equilibrium quantity is greater than the socially optimal quantity.
Therefore, in the given situation, the correct option is (B) the after-tax equilibrium quantity is greater than the socially optimal quantity.
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Complete question:
Suppose that electricity producers create a negative externality equal to $6 per unit. Further, suppose that the government imposes a $8 per-unit tax on the producers. What is the relationship between the after-tax equilibrium quantity and the socially optimal quantity of electricity to be produced?
a. They are equal.
b. The after-tax equilibrium quantity is greater than the socially optimal quantity.
c. The after-tax equilibrium quantity is less than the socially optimal quantity.
d. There is not enough information to answer the question.
what is true of an effective escalation process? escalation is a control mechanism escalation empowers people to solve problems escalation contributes to quick and effective problem solving problems should be resolved at the lowest appropriate level but with no set time limit escalation to the next higher level should be avoided escalation encourages subordinates to pass up problems they could resolve at their level
Escalation encourages subordinates to pass up problems they could resolve at their level is true of an effective escalation process
The battle has escalated into an all-out warfare. a time of escalating tensions We are trying no longer to boost the violence. Salaries of leading executives have persisted in escalating. The cold weather has escalated gas charges.
In precis, escalation isn't always a terrible phrase however an vital a part of a healthy mission lifecycle. there is no magic formula and sometimes no longer even a defined escalation manner for maximum businesses, so it in general depends on the talent of venture supervisor to handle the escalation as easily as viable.
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friedman's theory that businesses should not get ahead of the law in addressing social and environmental issues fails because:
Those against the theory believe it lacks on almost every front, be it financial, economic, legal, moral, or social. The critics argue that this theory gives importance to the shareholders and neglects society.
A principle is a rational kind of abstract thinking about a phenomenon or the consequences of such wondering. The method of contemplative and rational wondering is often related to such techniques as observational take a look at or research. Theories can be scientific, belong to a non-scientific area, or no field at all. Relying at the context, a idea's assertions may, as an example, include generalized factors of how nature works. The word has its roots in historic Greek, however in contemporary use it has taken on several related meanings. In current technology, the time period "concept" refers to medical theories, a properly-confirmed type of rationalization of nature, made in a way consistent with the scientific method, and fulfilling the criteria required with the aid of present-day technological know-how.
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in singapore, coca-cola wanted to develop an advertisement program. they selected a group of teenagers and a trained moderator facilitated discussion asking questions related to brand's image, advertisement, social trends, tv watching habits, and snack usage. this type of research is called:
This type of research is called focus group research. A focus group is a research technique that assembles a small group of individuals to respond to questions in a controlled environment.
What is focus group in research method?A focus group is a research technique that assembles a small group of individuals to respond to questions in a controlled environment. The questions are intended to provide light on an interesting topic, and the group is selected based on predetermined demographic characteristics. It is one of four distinct interview kinds.A focus group is a small-group conversation led by a qualified facilitator. It is intended to gather information regarding viewpoints on a certain subject and to direct future action. Examples: Parents of preschoolers gather in a focus group to talk about childcare requirements.To learn more about focus group in research method refer to:
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the ministry of misallocation has decreed that the production of widgets must be 5000 each month and that the production of gizmos must be 8000 each month. calculate the deadweight loss in each market caused by these restrictions. note that the scale of the quantity axis is in thousands. what is the deadweight loss in the widgets market? $ what is the deadweight loss in the gizmos market? $
The deadweight loss in the gizmos market IS $0
At 8000 UNITS, quantity production per month we can clearly see that the demand and supply are exactly intersecting and intersecting point equilibrium
When the production is done at equilibrium then demand exactly meets thr supply and the deadweight loss to the society becomes zero
A deadweight loss is a cost to society created by market inefficiency, which occurs when supply and demand are out of equilibrium. Mainly used in economics, deadweight loss can be applied to any deficiency caused by an inefficient allocation of resources.
So DWL=0
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christopher is designing a security policy for his mid-size company. he would like to use an approach that allows a reasonable list of activities but prohibits all other activities. which level of permission is he planning to use?
Christopher is planning to use a prudent permission level.
A set of permissions known as permission levels determines which users or groups have the authority to carry out particular tasks. Each level of authorization consists of a number of specific permissions (such as: Create Alerts, Delete Items, etc). The authorization level, often known as a security role, determines the degree of access.
The prudent approach begins by blocking all of the services. The administrator grants a single request for a safe and required service. Everything, including system and network actions, are logged. It offers the greatest level of security while allowing only symbolic but necessary risks.
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The economic model known as the sharing economy is based on the idea that sharing access to products and services is done through _____.
The concept behind the economic model referred to as the sharing economy is that sharing access to goods and services may be accomplished through an internet platform.
What is an internet platform?A digital service known as an online platform makes use of the Internet to enable communications between two or more dissimilar but related users (whether they are companies or private individuals). Platforms are locations where electronic demand and supply collide.
An online platform is a digital service that, through the use of the Internet, enables communication between two or more different but related sets of users (whether businesses or individuals).
Internet information and communication flows are mediated through online platforms. Additionally, they are important global and Single Market enablers of digital trade. They expand customer options and convenience, boost industrial productivity and competitiveness, and can encourage public participation.
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unless properly disclosed, a warranty that is implied that sold or leased goods are fit for the ordinary purpose for which they are sold or leased, as well as other assurances, is known as
Implied warranty of merchantability is the term for a guarantee that items supplied or leased are suitable for the usual purpose for which they are used, as well as other assurances unless expressly stated otherwise.
Who is covered by the implied warranty of merchantability?U.C.C. 2-314 specifies what an implicit assurance of merchantability entails. According to U.C.C. 2-314(1), a warranty that goods will be merchantable is implied in a contract for sale if the seller is a market with respect to those particular goods, unless excluded or modified.
Why is it so vital to uphold the implicit assurance of merchantability?You've profited from the implied warranty of merchantability if you've ever returned a product because it just wasn't functional. This warranty ensures that a product you purchase from a merchant will function as intended. It is an implied warranty, which means it is present whether it is expressed orally or in writing.
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a franchise trend in which owners of independent businesses become franchisees to gain the advantage of name recognition is called .
A franchise trend in which owners of independent businesses become franchisees to gain the advantage of name recognition is called conversion franchise.
What is the advantage to the franchisee in a franchising?The franchisee receives business support from the franchisor as one of the advantages of franchising.The franchisee could get practically a turnkey business operation, depending on the conditions of the franchise agreement and the business's structure.To benefit from name awareness, conversion franchising entails the owner of an existing business becoming a franchisee.An established independent business is converted into a franchise under the terms of a conversion franchise.To learn more about franchisee refer,
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given deductions for this week: federal tax $61.34, fica $52.05, and state $7.92. what is the annual federal tax deduction? responses $6,308.12 $6,308.12 $3,189.68 $3,189.68 $3,152.06 $3,152.06 $1,594.84
The annual Federal tax deduction will be equal to $3189.68 that is option B is correct.
Tax may be defined as the extra amount of money that is paid by the consumer whenever a purchase is made of any entity or commodity. There are different types of taxes that are to be paid by the consumer. Government taxes, Value added services, State tax, Surcharges, etc. According to the question, Federal tax = $61.34, FICA = $52.05 and state = $7.92
Now, in order to find the annual federal tax deduction, first we need to multiply the weekly federal deduction to the number of weeks in a year that is
Annual Federal tax deduction = Federal tax × No. of weeks in a year
Annual Federal tax deduction = $61.34 × 52
Annual Federal tax deduction = $3189.68
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from a neoclassical perspective, which of the following would most likely be viewed as an element that underpins long-run productivity growth in the economy?
From a neoclassical perspective, investments in human capital would most likely be viewed as an element that underpins long-run productivity growth in the economy.
The term "human capital" refers to the financial worth of a worker's education and training. Employers value traits like loyalty and punctuality in their employees, as well as assets like education, training, intelligence, skills, and health. It is an intangible quality or asset as a result, and as such, it cannot be listed on a company's balance sheet. People believe that investing in human capital will boost productivity and profitability. A company's chances of productivity and success increase with the amount of investment it makes in its workers.
Like any other asset, human capital can lose value over time due to long periods of unemployment and a failure to adapt to new ideas and technologies.
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Complete question:
From a neoclassical perspective, which of the following would most likely be viewed as an element that underpins long-run productivity growth in the economy?
A. flexible price levels
B. flexible market forces
C. investments in human capital
D. higher unemployment
derrick, a car salesman, is paid $500 for every car he sells. this is an example of a schedule of reinforcement.
Derrick, a car salesman, is paid $500 for every car he sells. this is an example of a Fixed ratio a schedule of reinforcement.
An reinforcement schedule is known as fixed ratio. Following the conclusion of several responses, reinforcement is given according to this schedule. The quantity of answers needed never changes. The schedule is identified as FR, where the number represents the quantity of responses required to achieve reinforcement. One of the four schedules for rewarding behaviour that operant conditioning uses is fixed ratio reinforcement.
Sales are activities associated with selling or the quantity of goods sold within a specified time frame. Sales also include the provision of services in exchange for payment. A salesman is a man whose job it is to offer goods or services for sale. The word "salesman" is pluralized to salesmen. Saleswoman is the equivalent term for women.
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The top three careers reported among millionaires were _____________, _____________, and ___________.
The top three careers for millionaires were engineer, accountant and teacher.
Career is defined as an career undertaken for a large length of someone's existence and with possibilities for development. In different words, this needs to be something that you decide to! This can not be a one-time factor.
The career is an individual's metaphorical "adventure" thru studying, work and other components of existence.
There are some of approaches to outline profession and the time period is utilized in a variety of ways.
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the value of an article is 12000. each year it depreciates by 5%. what will be the value of an article after 4 years depreciation.
The value of the article after 4-year depreciation will be Rs. 9774.07.
To solve the above-given problem we will use the following formula of depreciation:
D= P (1-(R/100))ⁿ
where
"D" → the depreciated value
"P" → the present value
"R" → the rate of depreciation
"n" → no. of years
The value of article is = Rs. 12000
The rate of depreciation = 5% every year
Time = 4 years
Now, by substituting the given values in the formula of depreciation is,
Thus, at the end of 4 years, the value of the article will be
= Rs. 9774.07.
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According to the concept of bounded rationality, managers make decisions ________.
According to the concept of bounded rationality, managers make decisions rationally, but are limited by their ability to process information.
Bounded rationality. is the concept that once people make decisions, their rationality is restricted through the records they have, the cognitive barriers in their minds, and the time to be had to make the selection.
In selection making, rationality of people is restricted through the records they have, the cognitive barriers in their mind, and the finite quantity of time they need to make a selection. Bounded rationality prevails whilst a hard and fast of barriers or constraints complicate the rational selection making process.
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