Answer:
Number of car washed is 92
So option (a) is correct answer
Explanation:
It is given that 4 workers can wash 80 cars per day
Means initially 80 cars are washed per day
And it is given that rate of car wash is $5 per car
Now price of workers is $60 per day
As per car wash is $5
So number of extra car washed ![=\frac{60}{5}=12](https://tex.z-dn.net/?f=%3D%5Cfrac%7B60%7D%7B5%7D%3D12)
So total number of car washed = 80 + 12 = 92 cars per day
So option (a) is correct answer
Answer:
c) wasteful rent-seeking
Explanation:
Rent-seeking is an economic activity that does not add any value, and it often includes lobbying and spending resources of your own company. This is a common practice when companies cannot find another feasible revenue stream, so they manipulate the distribution of various resources to gain wealth. This way, no value is created.
Answer:
c) removing barriers to trade
Explanation:
removing barriers to trade is a goal of the globalization movement.
Answer:
The answer is Mission statement.
Explanation:
A mission statement of an organization describes the overall aims of a business organization. Every company has its two statements, one is the mission statement and other is the vision statement. Vision statement describes the vision of the company, where as mission statement describes the overall goals of the organization. It gives information about the type of product it provides, its target market, its potential customers, the region where it is operated, etc. So the mission statement is the one which describes the overall aims of a business organization.