Answer:
The correct answer is option b.
Explanation:
Shen is working in a country where the inflation rate is high.
He gets a salary every two weeks.
After receiving his salary he immediately goes out and buys all the goods he is going to need over the next two weeks.
He converts the remaining salary in a more stable currency.
He does this in order to prevent his salary from losing purchasing power.
This effort that he is making to prevent his real income from losing value is called the shoe-leather cost of inflation.
The shoe-leather cost can be defined as the cost of time and effort made to prevent the cash holdings from losing their value.
Answer:
D. contain multiple overlapping command structures, in which all employees report to three or more managers.
Explanation: Matrix structure is a type of organisational structure used by some companies to accomplish some projects where juniors/subordinates engaged in the project will have to report to two bosses like the process owner and the project manager,in matrix their is an interlinked reporting pattern where a particular subordinate reports two or more bosses.
the main disadvantage of this structure is the problem of authority where subordinates may not be able to know who and how to report some issues.
Answer:
Detaled solution can be seen in the attached diagrams:
Answer:
55.58
Explanation:
Data provided in the question;
Initial demand per month, Q₁ = 3
Final demand per month, Q₂ = 5
Initial price, P₁ = $33,200
Final price, P₂ = $33,500
Now,
elasticity of demand using midpoint method is calculated as :
= 
or
= 
on substituting the respective values, we get
= 
or
= 
or
= 
= 55.58
