Based on the given values above, it is said that there are 50,000 people who are unemployed and 250,000 are employed. This means that the total number of people basing on these numbers is 300,000. So we just have to divide 50,000 by 300,000 and we get 0.17. Therefore, the unemployment rate is 17%. Hope this helps.
Answer:
The correct answer is option D.
Explanation:
An increase in the size of tax is likely to increase the tax revenue when the price elasticity of supply, as well as price elasticity of demand, are both large.
The imposition of tax will cause an increase in the price of the product. If the price elasticity of demand is higher, an increase in the price will lead to a more than proportionate decrease in demand.
At the same time, high price elasticity of supply means that when the tax is imposed the sellers will be able to reduce quantity more easily.
So when less output is produced and demanded the tax revenue will also be lower.
Answer:
B) regenerative
Explanation:
A material requirements planning (MRP) system is used to merge several production activities into one single system that controls production and inventory. It's similar to ERP systems but it only focuses on the production area of a company. Using MRP systems enables production planning, scheduling, and control of production inputs (e.g. materials).
All MRP systems should be regularly updated in order to be efficient.
Answer:
b.Experience-rating plan
Explanation:
Experience rating is a method of evaluating used by insurance providers to adjust premiums up or down. The rating reflects your previous loss experience. It is based on the presumption that your historical loss experience predicts your future loss experience. In other words, your future losses are likely to be similar to those you incurred in the past. The Experience Rating Plan is mandatory for all eligible insureds. Any action taken in any form to evade the application of an experience modification determined in accordance with this Plan is prohibited. The object of the Experience Rating Plan is to recognize the differences between individual insureds through the use of the individual insured's own loss experience. The experience rating process serves as a means of using a history of past losses to predict the future losses of an insured.
This is done by comparing the experience of an individual insured to the average insured in the same classification. Therefore, using the insured's past experience, the experience modification is determined by comparing the actual losses to expected losses. An insured with better than average experience will produce a credit experience modification factor, while an insured with worse than average experience will produce a debit experience modification factor. A credit experience modification factor, less than 1.00, results in a premium reduction. A debit experience modification factor, greater than 1.00, results in a premium increase. An experience modification factor of 1.00, or unity, does not change premium.
<span>The advantage of using BARS method </span>is not requiring separate appraisal forms for different jobs. Behaviorally Anchored Rating Scale is collating the qualitative and quantitative data to give further explanation on a certain individual's rating and the corresponding behavior towards that rating.
