Answer:
Laissez-faire capitalism
Explanation:
Laissez-faire capitalism allows very little room for the national government to regulate trade or restrict the use of private property, even in the public interest. Americans strongly embrace capitalism, but they do endorse some restrictions in the interest of protecting the public.
Answer:
C : 3
Explanation:
Specifically, the following measures will have a positive effect on growth:
1: Reducing corruption in the legal system.
2: Encouraging trade with neighbouring countries, and
3: Increasing the fraction of GDP devoted to consumption.
Answer:
A. Functional flexibility
Explanation:
Every company aims to be successful. For this the company shall be adaptive to change, this clearly provides for the company to evolve and have plans and programs which help in implementing change.
Functional Flexibility provides for change in the organisation with the change in environment. Basically it creates a effective mechanism in the company to meet the changing needs of the market in order to be effective in the market.
The employees are asked to change their roles and functions, for this if needed they are even provided training.
Answer:
d. It is best measured using the statistic variance inflation factor (VIF).
Explanation:
Multicollinearity is an important issue in multiple regression model, having many independent/ explanatory variables. Multicollinearity is the situation in which two or more independent variables are highly correlated. It is problematic because it increases the standard error of independent variable coefficient & undermines its statistical significance
Variance Inflation Factor [VIF] is a check & corrective measure of multicollinearity.
- VIF as a multicollinearity check : It quantifies the correlation between one explanatory variable with other explanatory variables.VIF = 1 implies there is no multicollinearity (correlation between independent variables); VIF upto 5 implies there is moderate multicollinearity (correlation between independent variables). VIF > 5 implies high multicollinearity (correlation between independent variables)
- VIF as a multicollinearity correction : Calculating
= σ^2 / ![[TSS j (1 - R^2j)]](https://tex.z-dn.net/?f=%5BTSS%20j%20%281%20-%20R%5E2j%29%5D)
; where TSS = total sum of square of variable j , σ^2 = j variance, R^2 j = R^2 from regressing all other independent variable on variable j
Answer: (B) A cost changes as the related activity changes.
Explanation: Cost behaviour is a popular concept in Accounting( studied indepthly in Cost Accounting, a branch of Accounting) that deals with the relationship between cost/expenses and business activity. It tries to explain how much cost would change as a result of increase or decrease in a certain activity or activities in business, with the main aim of finding the best(optimum) combination of cost and activities. In other words, the amount of cost and activities that will yield best returns(maximum profit).
