Answer:
Option A
Explanation:
Complete Question
A university conducts a survey of students, which shows that a 10 percent tuition hike would lead to a 12
percent decreases in the enrollment. If the university wants to increase its total revenue, it should ________
tuition because the demand for education at this university is ________.
A) not raise; elastic B) raise; inelastic C) not raise; inelastic D) raise; elastic
Solution -
The demand for college in the market is elastic which means that variation in variables such as college fees deeply impact the demand. If college fees is increased, the intakes or enrollment will fall down which means that the demand is not stable or on the basis of quality. Therefore, the demand for the college will not rise on fees hike and it shall be an elastic demand.
Answer:
Home-based work
Explanation:
Home based work is a type of work in which the individual carry out their functions and responsibilities from the comfort of his/her home. The employee makes contact with the company through the phone or internet.
Home-based workers sell goods to the customers directly from the house. The advantages of working from home include:it gives the individual control over their schedule, it's creates time for personal growth, it reduces the unnecessary money spent on transportation, it gives the employee full control over their income.
Explanation:
There are many ways in which the progress of women in the workforce is still an important and pressing issue. This issue needs immediate action and the progress of women is of utmostimportance. This can be due to the following reasons.
- The economy will grow faster when both males and females will participate in it's functioning.
- Participation in the workforce will encourage more and more women to acquire good qualifications.
- This will enable women to financially support their family.
- This will enable women to lead a life of dignity and respect.
- This will remove gender discrimination.
Answer:
D) All of these
Explanation:
World class performance measures can be used in different functional areas, for example International Organization for Standardization (ISO) norms apply to all the functional areas of a company:
- ISO 9000 - Quality Management
- ISO 27000 - Information Security Management Systems
- ISO 14000 – Environmental Management
- ISO 31000 - Risk Management
-
ISO 50001 - Energy Management
- ISO 26000 - Social Responsibility
- ISO 28000: 2007 – Specifications for Security Management Systems for the Supply Chain
-
ISO 37001: 2016 Anti-Bribery Management Systems
- ISO 45001 – Occupational Health and Safety
- ISO 22000 – Food Management Systems
Other types of world class performance measures that are not as established and recognized as ISO norms, but are gaining momentum in modern management like World Class Manufacturing (WCM) framework focus on four main areas:
- Manufacturing competitive products: measure quality performance
- Manufacturing product mix and volume: measure cost performance
- Short lead-times and make-to-order: measure delivery performance
- New product introductions: measure flexibility performance
