Answer:
The answer is C. Income Effect
Explanation:
Economists refer to income effect as an increase in purchasing power.
It is the change in quantity demanded for a commodity when income changes
For example, consumers tend to buy more of goods and services when their income rises or tend to buy more of a good and service when the price of a goods falls while the income remains constant. This causes the purchasing power (which is the amount of goods that can be purchased with a unit of currency) to rise.
Option A is wrong because substitution effect states that when the price of a good rises, consumer tends to purchase less. This centers on price while income effect centers on income
No, it is not reasonable or logical for
a firm to grow indefinitely at a rate higher than its required return. Such a theoretical
stock would become so large that it would ultimately go beyond the whole
economy. However for a very short period of time, the rate could possibly be
higher than the required return especially when the firm is performing
excellently.
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Answer:
<u>C. materials requirement planning (MRP).</u>
Explanation:
It is noteworthy that throughout the discourse of Sparky Weyer, president and CEO of Minimotors, Inc. he mentions the company's material needs inorder to increase their production.
At a point he mentions that the suppliers need detailed information about when parts are needed by the company for its new machinery. Thus this is a good example of material requirement planning.
Competency-based pay is type of pay that is similar <span>to pay structures based on individual characteristics. This type pf pay refers to a plan that covers exempt employees.</span><span> According the competency-based pay approach employees are rewarded based on their skills, knowledge and experience they apply in the workplace, and not based on their position or job title. </span>
