<u>Answer: </u>Consult
<u>Explanation:</u>
RICA is the acronym for Responsibility, Inform, Consult and Accountability. For different projects different categories are provided based on their requirement of involvement in the project. In the new project the IT department in the company provides inputs such as new software application. This work falls under consult in RICA matrix.
Responsibility is based on completion of the given work. Accountability to provide a final answer for the work done. Consult is providing feedback and contribution to the activity. Inform to person who requires information update.
Answer and Explanation:
The quantity theory of money talks about money supply and price level, and their relationship with one another.
In any given economy, the quantity Theory of money states that money supply and price level are directly proportional. This is to say that when there is a change such as an increase in money supply, there would also be a proportional increase in price Ievel. Also when there is an increase in price level, there would also be a proportional increase in money supply.
Answer:
The most the firm can spend to lease the new equipment without losing money=$75,000
Explanation:
The point at which the revenue in terms of sales equals the cost is the break-even point. This can be expressed as;
R=C
where;
R=revenue from sales
C=cost
And;
R=P×N
where;
R=revenue from sales
P=price per unit
N=number of units
In our case;
P=$7.5 per unit
N=10,000 units
replacing;
R=7.5×10,000=$75,000
Total revenue from sales=$75,000
C=p×n
where;
p=cost per unit
n=number of units
In our case;
p=$5
n=unknown
replacing;
C=5×n=5 n
At break-even point, R=C;
5 n=75,000
n=75,000/5=15,000
The break-even cost=5×15,000=$75,000
The most the firm can spend to lease the new equipment without losing money=$75,000
Answer:
Equity of the business= $17,076.
Explanation:
Equity as used in business is used to refer to the difference between the worth of a business (its assets) and what the business owes (debts and liabilities).
In other words, total equity refers to the value which is left in the company after the total liabilities must have been subtracted from the total assets.
The formula to calculate total equity is given below:
Equity = Assets - Liabilities
Therefore to calculate the equity above, we have:
Equity = $64,342 - $47,266
Equity = $17,076.
Answer:
C. rating scale test.
Explanation:
In a rating scale test, respondents are asked by researchers to rate either their products, services, or work on a scale, say one to ten. This type of test is used by researchers when they want respondents to place value on the features,products,service as contained in the questionnaire.
This type of test is also used to assess performance of employees, products,services etc inorder to achieve a particular goal.
Rating scale is also used to get more information about comparisons between two values hence an important survey method.
