When an individual weighs her options and makes a choice that maximizes her benefit at the minimum cost, economists refer to this as a process of... rational decision making. You just studied 8 terms!
Answer:
adding up consumption, investment, government expenses, and net exports
adding up the market prices of final goods and services produced in the U.S
adding up the incomes of producers and taxes paid to the government
Explanation:
GDP is a measure of the sum value of a country's output in a given period. The GDP value reflects economic growth or decline in a country for the period under review.
GDP is calculated using three methods. They include the income, production, and expenditure approach.
In the Income approach, economists add up all the earnings from the factors of production. Wages and salaries of all employees; the profits from businesses and corporates' ; rents, and interests form landlords are summed up to get GDP. Adjustments are made to cater for the taxes paid to the relevant government agencies. ( 4th option)
The production approach involves getting the value of all the finished consumer goods and services in the economy. The approach excludes intermediary goods and work-n progress. GDP is obtained by adding the total of the finished products and services and multiplying them by their prices. (3rd option)
The consumption option applies a formula that GDP = C+G+I+ NX, where C is private consumption expenditure, G is government consumption and investment expenditure, and I in private investment expenditure. NX is the net imports. ( 1 st option )
Answer:
c. outsourcing
Explanation:
Outsourcing -
It refers to the process of hiring another company , which is responsible for some external project or task , is referred to as outsourcing .
It can be a short term process of hiring , it may also require transferring the employees to another firm internally .
Hence , from the given scenario of the question ,
Hiring the packaging firm by another company , showcases the method of outsourcing .
The answer is B. Just subtract.
Answer: A domestic corporation operates in the home country, a party established in one and business in the other. Shareholders. They decide on a payout. Relationship between different levels of the market.
Explanation:
- Domestic corporations are large enterprises that are established in a particular country and do business in that home country. This does not mean that the same corporation has no representative office in a foreign country. A foreign corporation is a corporation that operates in a particular state but is incorporated (or otherwise formed, as its laws provide) in a foreign country.
- Shareholders are the ultimate owners of corporations. They elect directors and set up corporate administration. They make the most critical decisions regarding a particular corporation and are the owners of shares held by a specific corporation. Shareholders enter into contracts and conduct the central policy when it comes to business.
- In case the company has a surplus of earnings and decides to pay a dividend to the common shareholders. This assessment is usually made every three months, and then the decision is made. In this case, one-tenth of the accumulated profit is paid.
- Proxy, in a broad sense, is a connection. This can be a different type of relationship. In this context, it can be a link between different corporations, between the directors of the corporation and the shareholders. Between directors and employees, etc.
- A quorum represents the number of people needed to hold a founding assembly meeting. That number varies so that it may be different depending on the corporation. The majority refers to the number present, not the vote number. The number of quorum members is usually stated in the founding documents or the articles of association of the corporation.
