Answer:
Group of individuals working together to address a particular problem or process.
Explanation:
Quality improvement team can be be described as a group of employees whose task is the ensure the quality of a particular product. This team is in charge of an entire production process, they also have the right to make alterations to the design of a product to ensure that there is more demand for the product in the market.
The quality improvement team also take part in decision making by bringing up new policies and ideas capable of boosting the amount of profit incurred by the organisation.
Answer: When economists say that the demand for labor is a derived demand, they mean that it is: related to the demand for the product or service labor is producing.
Explanation:
There is no contract here. There was never an offer to publish the stories. Just because Ollie said "I accept" does not qualify this interaction as a contract since the post specifically says "we might share it". There should be no reasonable assumption that the website will publish EVERY story submitted.
A substitute is a good that is seen as relatively equal to another good in consumption. Rice is a staple grain for many people and viewed as an alternative to past. When the price of rice increases, more people will want to buy spaghetti as it is a cheaper alternative, all else being equal;. which will shift the demand curve to the right.
A complement is a good that is often consumed with another good. Spaghetti and meatballs is a common dish, the two goods are often served together. A decrease in the price of meatballs would likely increase the demand for meatballs and the demand for spaghetti. This will also shift the demand curve to the right.
The supply curve for spaghetti is unaffected as this news does not impact the process of production or the price of its inputs.
Answer: $46666.67
Explanation:
From the question, we are informed that Henri earned a salary of $50,000 in 2001 and $70,000 in 2006 and that the consumer price index was 177 in 2001 and 265.5 in 2006.
For us to calculate Henri's 2006 salary in 2001 dollars, we have to multiply Henri's 2001 real salary by the price in 2001. This will be:
= (70000/265.5) × 177
= $46666.67