Answer:
The statement is false. The largest component of GDP is private consumption, or simply: consumption.
Explanation:
Consumption includes all purchases of goods and services made by individuals and households except for the purchase of new houses (these are considered investments).
In the U.S., consumption accounts for around 70% of GDP. This is why some economists say that the U.S. is a consumer-based economy.
The best and most correct answer among the choices provided by the question is the third choice. A priority for an insurance coverage would be that a planned expense for which you budget. <span>I hope my answer has come to your help. God bless and have a nice day ahead!</span>
Answer:
The correct answer is A) Motion waste
Explanation:
Motion Waste is any type of waste that is not to the benefit of the customer, or that does not increase the value of the product.
In this example, the question refers to the material handling of the product as excessive, and also lets us know, that this excessive handling happens in serveral processes. None of these increase the value of the product, otherwise they would not be reffered to as excessive, therefore, the question presents a classical example of motion waste, and the production process is not a lean system.
Answer: Coefficient of variation
Explanation:
The coefficient of variation is the term which is generally used in the probability theory and also in the statistics.
This is basically used for measure the total dispersion of the frequency distribution in the probability concept.
The coefficient of variation is also called as the relative standard deviation and it is generally use to express in the form of percentage. It is basically providing the risk measure o the expected return and it also shows risk as per unit return.
Therefore, Coefficient of variation is the correct answer.
Answer:
new buy
Explanation:
Hinsdale High School has recently decided to sponsor a rugby team. It is in the process of considering where to buy the uniforms. This purchase is a new buy situation.
The new by situation also referred to as the new task situation is a business buying situation in which the buyer purchases a product or service <u>for the first time.</u>
We are told in the scenario that ''Hinsdale High School has <u>recently decided to sponsor a rugby team</u>.'' implying that the rugby team did not exist before. Hence buying uniform for such a team will be a new buying situation
