Answer:
E) North had a much more substantial economy.
Explanation:
The economy of southern states was basically tied to the production and exporting of cotton. Cotton was America's largest export, but it was sold only as raw materials, it wasn't processed.
While northern states had a much broader railroad system, a healthier financial system (87% of all financial institutions), manufacturing facilities and large urban centers. Even the factories that processed cotton from the south were located at northern states.
Answer:
$102,440
Explanation:
Provided details we have,
Loan amount = $70,000
Installments = $479 per month for 30 years
Number of installments = 12
30 = 360 installments
Total amount to be paid during the tenure of loan = $479
360
= $172,440
Thus interest = Total - Principal Amount
= $172,440 - $70,000
= $102,440
Answer:
The Contingency theory is the idea that the organizational structures and control systems that are chosen by managers depend on characteristics of the external environment in which the organization operates.
Explanation:
The contingency theory manifest that each and every single organisation is different, it operates and works in different situations, environment and scenarios, every organisation has different set of rules, values and culture, every organisation has different kinds of product portfolios, therefore, it needs different set of management style, organisational structure and control system. For example, the basic logic of contingency theory is that the strategies which worked very well for the Coke may not work well for Pepsi, Pizza Hut cant follow the exact strategies, control systems and organisational structure which is being followed by Domino's, therefore, each and every organisational rules, strategies are contextual.