The total productivity decreased from 1.66 to 1.53 due to the decrease in the productivity of the labor( from 6.67 to 5.5) and raw materials (from 5.71 to 4.88)
Explanation:
productivity is defined as the ratio of the output to input.
partial measures are defined as the ratio of the output to the single input or it is the ratio of the output to the labor or the ratio of the output to capital.
the total measure is the ratio of the goods or services produced to all the inputs used in producing them.
Discretionary responsibility refers to a voluntary decision of a company to make a contribution to the society that it is not required to do and it is beyond the expectations to help the community. According to this, the answer is that by providing the drugs at a lower cost, GSK is fulfilling its discretionary responsability because the company is going beyond its obligations and it is contributing to society by making anti-AIDS drugs available at up to 75% less than the global price.
Answer: <u><em>The statement given is true</em></u>since the total cost cost ownership is an estimate of cost of an commodity that considers all cost accompanying to the procurement and utilization of the item. Some of these cost are: Depreciation costs
, Fuel costs
, Insurance
, Financing
, Repairs
, Downtime costs and etc. The total cost of ownership does not include disposing costs.
If the central bank increases the amount of reserves banks are required to hold to 20%, then <u>both the money multiplier and </u><u>money supply</u><u> in the economy will decrease.</u>
<h3>What is Money Supply?</h3>
All the money and other liquid assets present in an economy on the measurement date are referred to as the money supply. The money supply roughly consists of deposits that can be utilized virtually as easily as cash in addition to actual currency.
Governments issue coin and paper money through a mix of national treasuries and central banks.
By dictating to banks what reserves they must maintain, how to offer credit, and other financial issues, bank regulators have an impact on the amount of money that is available to the general people.
The amount of money circulating in an economy is referred to as the "money supply."
Numerous money supply measurements also factor in non-cash assets like credit and loans.
Increases in the money supply, according to monetarists, always result in inflation.
To learn more about Money Supply with the given link
