Market economy and free enterprise
First use the formula of the future value of an annuity ordinary to find the yearly payments
Fv=pmt [(1+r)^(n)-1)÷r]
Fv future value 40000
PMT yearly payment?
R interest rate 0.02
N time 8 years
Solve the formula for PMT
PMT=Fv÷[(1+r)^(n)-1)÷r]
PMT=40,000÷(((1+0.02)^(8)−1)
÷(0.02))
=4,660.39
Now use the formula of the present value of an annuity ordinary to find the present value
Pv=pmt [(1-(1+r)^(-n))÷r]
PV present value?
PMT yearly payments 4660.39
R interest rate 0.02
N time 8 years
Pv=4,660.39×((1−(1+0.02)^(−8))÷(0.02))
pv=34,139.60. ....answer
Answer: (D) Competing
Explanation:
According to the given question, Sharon is one of the chair-person of a local non-profit organization and usually in her free time she selected the various types of ideas, thoughts and then forced her ideas on the other organizational members.
So, on the basis of the given concept she is using the competing approach to conflict as this type of approach is typically used for making quick decisions for the purpose of resolving various types of problems or issue is an organization. This is also known as the conflicting management style.
Therefore, Option (D) is correct answer.
Answer:
The correct answer is letter "B": there being a market‑wide, systematic way of implementing an acceptable wage cut for all workers or price cut to market participants during a recession.
Explanation:
Price stickiness refers to the resistance of a price level to change in front of major changes in the overall economy that indicates the current price level is not optimal. The concept can be applied to wages moreover when there is a deficit in a company or a recession in a country that suggests wages should be lower but they maintain their same level.
Thus, <em>the coordination argument states that the broad market situation should match the price level of goods and services.</em>
