Answer: <em>Option (a) is correct.</em>
Explanation:
<em>Group decision making can be considered as a good way when: There are moments for fabricating deliberation and consensus.</em>
Group decision making is referred to type of process under which several individuals working collectively, analyze problems or scenarios, also evaluating alternative way of action, and select from the alternatives a solution.
Answer:
3. No, due to unilateral mistake
Explanation:
Lacey and Cagney both had agreed to wok for 30 hours per week and the agreement is in written format since it is enforceable. Both of them are sharing 50% profits so both will have to share the duties equally. When Lacey makes an excuse and is working for 20 hours per week only Cagney can sues her and she is in a probability to win against her. Lacey should have informed Cagney about the vacation from school scenario before signing the contract.
Answer:
$60,458
Explanation:
Calculation to Complete the flexible budget for that level of activity
FLEXIBLE BUDGET
Flexible Budget(290 driving hours)
Revenue 121,800
(290*420)
Expenses:
Wages and salaries 47,060
($11,100 +290*$124.00q)
Supplies 870
($3.00q*290)
Equipment rental 8,480
($2,100 +290* $22.00q)
Insurance 4,000 (Fixed)
Miscellaneous 932
($520 + 290*$1.42q)
Total expense 61,342
Net operating income $60,458
(121,800-61,342)
Therefore the Flexible-budget Net operating income will be $60,458
Answer:
A. If the Fed wants to reduce unemployment, it must be willing to accept more inflation.
B. If the Fed wants to reduce inflation, it must be willing to accept higher unemployment.
Explanation:
Stagflation is a situation in which there is a shift of the supply curve to the left that results in a high inflation due to which there is a high unemployement. Now if the fed wants to reduce the inflation so the demand would decline due to which the unemployment rises
Therefore A and B are correct
And C and D are incorrect
Answer: c. Increase in quantity supplied.
Explanation: an increase in the price of a good would lead to an increase in the quantity of the good supplied. This follows the fundamental economic theory of supply or the law of supply which states that all else being equal, an increase in the price of good and services would lead to a corresponding increase in the quantity of the good or services supplied. This is quite true and the rationale behind it is the potential increase in returns per unit of good sold to the supplier as a result of the increase in price.