There is some information in the table that is not needed in this problem. To find real per capita GDP in 1933 measured in 2008 prices, just multiply Nominal per capita GDP in 1933 by how many times expensive the prices are in 2008 than they were in 1933. The solution is $444 x 14 = $6,216. So, the answer is $6,216.
Answer: b. people face trade-offs.
Explanation:
Due to scarcity in the resources that we possess, i.e our resources are not infinite, we are forced to make decisions sometimes that will see us giving up something we want for another thing that we want.
This is called trade-offs and people face them all the time. This man want to wants to buy either a camera or an editor but due to the price can only buy one. He would therefore have to give up one for the other which makes this a trade-off.
Answer:
d. having enough books to satisfy customer demands versus the cost of having the inventory
Explanation:
There are inventory issues in each business. This is because many a times the demand and supply of inventory cannot be estimated.
Thus, in the given case also, there is same issue.
The books are written by famous politicians or celebrities, thus there is assurance of sale, because of the popularity, celebrity concerns etc:
At the same time there is no assurance as to the volume of sale. As people might criticize the books or people might like the book, but it will be in popularity that is confirm, because of social status of the author.
In this case to keep the inventory cost low, and also stock of inventory to meet the needs of people at the same time is challenge.
Answer:
Segregation of duties
Explanation:
Internal Controls are set of rules and guidelines that are followed to ensure effectiveness of business operations. The main risk in the business is weak internal controls. There are some organizations with strong internal controls but implementation of such controls is a challenge for organizations. There are human errors, IT security risks, fraud and compliance risk.
The risks associated with Olive limited is that there is no segregation of duties, Richard Palm is preparing journal vouchers, posts the journal vouchers and reconciles the balance himself. If he makes an error in recording a transaction there is no one who reviews his work and can identify an error. Also if Richard is involved in a fraud and collaborates with purchase department or sales department staff, he can pass a transaction without any supervision.
Answer:
a. advertising
Explanation:
Advertising: It is a creative marketing strategy to promote product and service by using paid communication channel. It help to spread awareness to the target audience. This technique is used to aware public about product, social cause, scheme or government policies.
There are three primary objective of advertising:
Advertising follow the AIDA model, which states awareness leads to Interests which lead to Desire and finally lead to Action.
