Answer:
The three main limitations to national income accounting are: Errors in Measurement: Black Market and underground activities are not included when calculating GDP. This is because there is no way to accurately measure black market activity.
Explanation:
Setting specific, measurable career development goals can help you get to the next level in your career. While developing a career plan can entail a significant amount of work, it will pay off in helping you to understand where you want to go with your career next and what you need to do to get there.
Creating and implementing an employee career development plan allows you to feel motivated at work, even if you haven’t found your dream job just yet, because it helps you to make concrete plans to get there.
Here, we define a career development plan template and outline five steps to easily and efficiently make an individual development plan for yourself.
Answer:
$55,379.27
Explanation:
Amount of each payment = Principal / PVIFA
Principal = $300,000
PVIFA (r=6%/2=3%, n=3yrs*2= 6) = 5.41719
Amount of each payment = $300,000 / 5.41719
Amount of each payment = $55379.2649
Amount of each payment = $55,379.27
Answer: a) More information needed
b) Produce in short run
(c) Produce in short run
(d) Shut down in short run
Explanation:
a) More information needed
In the short run if TC exceeds TR then the firm is incurring a loss. However if TR is still greater than AVC then the company will not shut down as the condition for shutting down has not been met which is that Price should be less than Average Variable Costs and this information is not known.
(b) Produce in short run
In a Perfect Competition, price is the same as Marginal Revenue which means that if MR is greater than MC then Price is greater than MC as well. This means that the Average Variable cost is less than Price as well so they will keep producing as opposed to shutting down.
(c) Produce in short run
If the Price exceeds the Average Total cost at all output levels then that means that profit is being made. The firm will therefore keep producing in the Short run.
(d) Shut down in short run
If Variable costs are more than the Price then the firm is unable to fund operations as they can't even cover variable costs. This will mean that they would have to shut down in the Short run.
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The risk refers to the danger of changes in buying power during times of rising or falling prices is known as inflation.
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What is a risk?</h3>
Risk refers to the uncertainty or probability of an accidental event that will affect the decision-making of an individual or organization. In business the higher the risk, the higher the profit is achieved.
Inflation is defined as the ratio at which prices rise over time. Inflation is usually defined as a wide measure of price increases or increases in the cost of living in a place affecting its citizens.
Inflation diminishes the purchasing power of individuals which leads to high risk for investors who paid a fixed rate of interest on the investment. Most concerned about inflation-reducing returns are those individuals who invested in cash equivalents.
Learn more about risk, here:
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