Answer:
(i) 7.54%(Approx).
(ii) $8,995,138.42(Approx).
Explanation:
Given that,
Winner’s prize money = $220
In 2016,
Winner’s check = $1,460,000
We use the formula:
Where
,
A=future value
P=present value
r=rate of interest
n=time period.
n = 2016 - 1895
= 121
(a)
(1+r/100) = 1.075440035
r = (1.075440035 - 1) × 100
= 7.54%(Approx).
(b)
n = 2041 - 2016
= 25
= 1,460,000 × 6.161053698
= $8,995,138.42(Approx).
<span>If the seller cost for the book was $6.50, the seller would loose money on each sale at $6.25 except for two reasons: (1) The seller is so worried that they will get caught with a supply of the books that selling at a slight loss is better then a complete loss. (2) The seller is willing to take a slight loss on one item to deliver a large audience to their store in order to sell customers more profitable items.</span>
Answer:
The critical analysis of temporary staff hiring & firing, depending on demand is given below :
Explanation:
Hiring & firing personnel, during periods of peak demand & periods of lower demand respectively - can have many undermentioned advantages & disadvantages :
Advantages :
- Fulfilment of consumer's demand in high demand periods.
- Cost saving during low demand periods
- Highly suitable for seasonal industries, with highly fluctuating demand.
- Temporary staff is cheaper for companies, it is to be availed with less perks, social security etc
Disadvantages :
- Incurring high temporary recruitment cost again & again
- Consistency & Quality of product or service might be compromised, as the labour indulged is fluctuating so much
- Employees might feel lack of job security & hence not associate belongingness with their job, company. It can reduce their incentive to work hard towards organisation objectives
- Prospective employees & hiring intermediaries might build a bad image of the company as an employer. It might create staff finding difficulties, when needed later.
Hello there! An increase in literacy would not be considered an example of industrialization.
What is industrialization?
Industrialization is the local or global development of industrial activity. Replacement of human with mechanical skills would be an example of industrialization because in an industry, most of the labor is performed by automated machines rather than enforcing physicality. Think of it this way: during times where involuntary servitude was permitted, the North was industrial while the South required slaves. Improved economic organization would be an example of industrialization because through industry, economies are more efficient, accurate, and high-quality, while with physical labor, things are produced with less quality and efficiency. Improved extraction and working of raw materials is an example of industrialization because with industry, things like mass production and interchangeable parts can be used to increase how the economy thrives and survives.
Your final answer: An increase in literacy would not be an example of industrialization. If you need any extra help, let me know and I will gladly assist you.
Answer: Option (C)
Explanation:
In discipline such as economics, Dumping is referred to as or known as type of an injuring pricing, which is especially in context to the international trade. It tends to occur when the manufacturers export a commodity or product to another nation at price which is below normal price in order to have an injuring effect. The main objective of the dumping is to help increase the market share of an organization in the foreign market, therefore done by driving out the competition and thus creating a monopoly where exporter are able to dictate quality and price of the commodity.