Answer: (B) Standardization
Explanation:
The standardization is the principle of the NIMS (National incident management system) and it specifically helps in managing or operating the communication and the information system.
It also helps in facilities the interoperability in an organization for the specific incident response and also establishing the action on the basis of proper planning.
The main objective of the national incident management system is that it helps in guiding the various types of private and the government sectors to prevent and also protect from the various types of incidents.
Therefore, Option (B) is correct answer.
Answer:
C. There are more substitutes for Cheerios than for cereals as a whole
Explanation:
Since in the question it is given that the demand for Cheerios cereal is more price-elastic than the demand for cereals as a whole as because there are more substitutes for Cheerios as compare to cereals because in the case of substitute goods, there is a positive relationship between the price of good B and the demand of good A. It means if the price of good B decline. then the demand of good A is decreases and vice versa
Mortality pattern affects population growth rates because a high mortality rate will offset the population-growth effects of a high birthrate. It is important to remember that mortality patterns often disproportionately affect different groups. If the mortality rate were atypically high among fertile-age women, this would have an even more powerful impact on population growth.
Age distribution is also important to growth rate because it describes what percentage of the population is at a child producing age. An age distribution that is weighed toward elder people can expect a lower future growth rate than a young-slanted age distribution, since a larger portion of the young population will likely have babies in the future.
Answer:
C. Build up inventories before reducing production.
Explanation:
Demand shocks happen when there is a sudden and considerable shift in the patterns of private spending, either in the form of consumer spending from consumers or investment spending from businesses. An economic downturn in the economy of a major export market can create a negative shock to business investment, particularly in export industries. A crash in stock or home prices can cause a negative demand shock as households react to a loss of wealth by cutting back sharply on consumption spending. Supply shocks to consumer commodities with price inelastic demand, such as food and energy, can also lead to a demand shock by reducing consumers real incomes. Economists sometimes refer to demand side shocks as "non-technological shocks." We need to build up inventories before reducing production.
