The salary double up after 25 years based on the inflation rate of 2.9 percent
What is the rule of 72?
The rule of 72 indicates the number of years it takes an amount of money to double, it is determined as the 72 divided by the inflation rate which is also the growth rate of salary in this case.
Years to double salary=72/growth rate
growth rate=2.9(without the % sign)
Years to double=72/2.9
Years to double=25 years
Approximately , rounded to the nearest years, it would take 25 years for the salary to double.
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C. Temple Art would be the correct answer
The answer to this is microprocessors. Hope this helps :D
Answer:
The correct answer is the option: False.
Explanation:
To begin with, the <em>incremental model of decision making process </em>is the theory that states that when managers wants to select a set of new alternatives course in order to establish a new product they tend to choose those that are slightly, or incrementally, different from those that were use in past activities. Therefore that by using this model the managers do not encourage in big risks due to the fact that silghty changes are made in comparisson with the ones made in the past and therefore there will not be big costs.
To continue, in this case where Chrysler Bob Lutz ordered the development of the Dodge Viper without supporting reaserch but because it ''just felt right'' then <u>he was not using the incremental model of decision making process due to the fact that big changes and costs will be caused by the decision of making that new product that never have been done before</u>.