Answer: (D) More will be able to pay for that product
Explanation:
The statement in situations where an annual budget deficit exists, cutting expenses from the budget is optimal is True.
<h3>What is budget deficit?</h3>
Budget deficit tend to occur when the expenses or expenditure is higher then the revenue.
Cutting down expenses from the budget is most desirable if we want to have budget surplus. Budget surplus is when revenue is higher than expenditure.
Therefore the statement in situations where an annual budget deficit exists, cutting expenses from the budget is optimal is True.
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Answer:
The correct answer is E
Explanation:
SWOT analysis stands for Strength, Opportunities, Threats and Weaknesses analysis, is defined or described as the framework which is used for analyzing as well as identifying the factors of the external and the internal, which have an impact on the product, person or product viability.
So, the SWOT is the one which is a classic management tool or technique which incorporates the elements of the scanning.
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If a family spends $56,000 a year for living expenses. If prices increase 5 percent a year for the next four years, the amount that the family need for their annual living expenses after four years is $68,068.35.
<h3>
Annual living expenses</h3>
Using this formula
Amount=Amount spent× (1+ rate)^ Number of years
Let plug in the formula
Amount=$56,000× (1+0.05)^4
Amount=$56,000× (1.05)^4
Amount=$68,068.35
Therefore If a family spends $56,000 a year for living expenses. If prices increase 5 percent a year for the next four years, the amount that the family need for their annual living expenses after four years is $68,068.35.
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