Answer:
C) Shows an inverse relationship between the price level and the quantity of all goods and services demanded.
Explanation:
Aggregate demand represents the demand for goods and services while its supply is called aggregate supply. Aggregate demand curve represents the total amount of goods and services demanded by an economy different price levels. Using a pictorial image, this curve has various axis: The vertical one represents the price level of the goods and services. This aggregate price level is determined through a Gross Domestic Product deflator. The horizontal axis represents the quantity of goods and services procured. All aggregate demand curves just like normal demand curves, slopes downwards which means that there is an inverse relationship between the price levels and the quantity demanded. The downward sloping of the aggregate demand curves and normal demand curves might be coincidental but with various reasons. The downward slope normal demand curves is caused by the assumption that prices of goods and services as well as the buyer's income are constant.
Downward slope in aggregate demand curves is assumed to draw reasons from the fact that government most at times are in charge of money supply. Another assumption involves interest rate and net exports.
Free enterprise means people can run their business in the way they see fit.
In a free enterprise system, the products and services offered and the prices they are sold at are totally controlled by competition, supply and demand in the market and not controlled by government regulations.
Answer:
Providing rigid policies, procedures, standards and guidelines
Explanation:
Steering team or leadership team is the leading decision meeting committee which is responsible to implement different projects to increase the profitability of stakeholders and shareholders. The leadership team is responsible to select important projects and ensure effective procedures and report progress. The management or the manager is responsible to provide rigid policies, procedures and guidelines.
Answer: C(x) = 2.08 + 500x
Explanation:
Given the following :
Cost component of picture frame :
Glass = $0.45
Wooden frame = $0.68
Assembly = $0.95
Assembly desk and tools = $500
Using the linear cost function :
C(x) = mx + b
C(x) = total cost
b = fixed cost
mx = variable cost
b = cost of glass + wooden frame + assembly
b = $(0.45 + 0.68 + 0.95) =$2.08
mx = (cost of assembly desk and tools * number produced) = 500x
C(x) = 2.08 + 500x
Raven can communicate the new company mission statement & goals, as well as the new department goals and action plans to employees through:
- a visual aid at the employee meeting
- a update mission statement and goals document.
<h3>
What is a mission statement?</h3>
This is the document that outlines the overall purpose of an organisation and its reason for existing.
It contains the concise explanation of the organization's reason for existence, purpose and its overall intention. It is structured to supports the vision and serves to communicate purpose and direction to employees, customers, vendors and other stakeholder
However, Raven can communicate the new company mission statement & goals, as well as the new department goals and action plans to employees through a visual aid at the employee meeting and a update mission statement and goals document.
Missing words "How can Raven communicate the new company mission statement and goals, as well as the new department goals and action plans to employees? Provide at least two specific examples of actions she can take."
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