Answer:
Decrease in demand for a product, holding other things constant, "will decrease the marginal revenue product of labor".
Explanation:
The extra revenue that a firm earns as a result of a newly hired worker is known as the marginal revenue product of labor.
A new worker is hired to increase the quantity of goods produced and consequently, increase the firm's revenue through sales of the goods.
If however, more goods are produced but the demand for the product decreases, then this will cause a decrease in the marginal revenue product of labor.
In other words, the firm won't earn extra revenue if the products are not being bought.
Answer:
honesty, responsibility, respect and fairness.
Explanation:
Project management can be defined as a strategic process which typically involves planning, execution and completion of a project at a specific period of time, through the use of knowledge, skills and experience.
In project management, an important factor that plays a significant role in the daily behavior and interaction between all project managers and their client is ethics.
Hence, project Management Institute (PMI) members have determined that honesty, responsibility, respect and fairness are the values that drive ethical conduct for the project management profession.
<em>Generally, all parties such as clients, employees, taxpayers, stakeholders and vendors have rest of mind as a result of the code of ethics (honesty, responsibility, respect and fairness) that are binding on project management professionals</em>.
Answer:
The one that has been operating for the past ten years.
Explanation:
This is so because, the bank will consider it of factors which will include:
1. the stage in the life cycle of the company.
2. the credit risk level of the company.
3. the attractiveness of the company to investors.
4. the going concern assumption of the company.
Overall, the interest rate will be dependent on the kind of credit rating of the company. for a company which has been existing for long and which is thriving, the credit rating will be low. hence the bank will be taking a lower risk in giving the loan; hence the lower interest.
However for a new entity with a higher credit risk, the bank is taking a high risk lending money to such company, hence it will loan the new company at a higher interest rate.
Focus group is a small group consisting of members of the company's target market who convene in order to share their opinions about a new product concept. Using survey instruments the market research department obtains information from consumers and adjust their product and marketing plan.
