Answer:
Explanation:
<em>Classification of activities as value-added or non-non-value-added of Rich Novelty Company:-
</em>
(a) Machine setup - non-value-added
(b) Design engineering - value-added
(c) storing inventory - non-value-added
(d) Moving work in process - non-value-added
(e) Inspecting and testing - non-value-added
(f) Painting and packing - value-added
Notes:-
1. Value--added activities of a company processes that increase the observed value of a product or service to customers.
2. Non-value-added activities of a company processes that decrease the observation value its product or service.
The interest rate is fixed is true about the interest rate of a Direct PLUS Loan.
<u>Explanation:</u>
The federal loans which can be used by college or technical graduates and parents of participating undergraduate students to find a way to pay for educational expenses is understood as Direct PLUS loans. Direct PLUS loans have a fixed rate mortgage and are not subsidized, meaning debt increases when the borrower is enrolled in school. It's usually known as a parent PLUS loan when it's provided to a teacher, and as a grade PLUS loan when it's rendered to a graduate student.
Answer:
a) elastic
Explanation:
Elasticity is a microeconomic concept that aims to measure the sensitivity of demand for savings to changes in interest rates. When calculating elasticity is a result greater than 1, the demand for savings is said to be elastic (interest-sensitive). Thus, slight interest rate variations will be sufficient to increase savings deposits. This is because people stop consuming to save and earn interest income. When the value is less than 1, savings are inelastic - little interest-sensitive. Thus, interest rate changes would not affect savings. This means that interest earned on savings is not attractive and people prefer to invest their money. in the consumption of goods and services.
This relationship is not fully known to economists in the long run, but in the short run there is a direct relationship between rising interest rates and increasing savings deposits. Thus, it is said that in the short term, the demand for savings is elastic at the interest rate. With each interest rate increase, the savings deposit rate increases.
