Answer:
The maximum possible change in real GDP is $25 million
Explanation:
Data provided in the question:
Increase in investment = $5 million
Marginal propensity to consume = 0.8
Now,
Spending multiplier, m = 1 ÷ [ 1 - Marginal propensity ]
or
m = 1 ÷ [ 1 - 0.8 ]
or
m = 5
Therefore,
Increase in GDP = m × Increase in investment
or
Increase in GDP = 5 × $5 million
or
Increase in GDP = $25 million
Hence,
The maximum possible change in real GDP is $25 million
Answer:
b
Explanation:
Form utility is a type of nullity that occurs as a result of the design of the product or service itself.
Time utility exists when a company makes a good or service available to consumers at the time that is most desirable or convenient for them.
Possession utility is utility derived from owning a product
Answer: Unobtrusive measures
Explanation:
Unobtrusive measures of data gathering is a measure by which the researcher do not intrude the research context. Unobtrusive measure reduces the influence of a researcher on the data collected. It is an indirect measure of collecting data and the researcher makes no direct contact with the subject of study. The data collected in an organization by unobtrusive measures are readily available because they are gathered during the normal course of running the organization. This data collection can be done through the use of documentary record, traces and non-participative observations. Data to be collected are observed from a distance.
Answer:
a. Paul - Planning
b. Santiago - Organizing
c. Mathew - Planning
d. Chioe - Organizing
e. Kelly Tomasz - Leading
f. Ava - Controlling
g. Michelle - Organizing
Explanation:
Planning is a process function in a business where the person sets objectives to achieve some goal and then decides the course of actions to achieve it.
Organizing is the second step in which resource is allocated to accomplish the goal. It involves deciding the allocation of available resources effectively.
Leading is the act to inspire others so that work can be carried out. It involves the leaders who influence subordinates to achieve their sets goals.
Controlling is the final stage in which performance is analyzed in comparison with the set standards to identify any deviations.