Answer:
a statement of the knowledge, skills, and abilities required of a person to perform a job.
Explanation:
A job specification is a written statement that describes btge educational qualifications, experience, technical skills, and communication skills required to perform a job. Also responsibilities that are required on a job are stated.
A job specification is different from a job description which is a set of different duties and responsibilities performed by one employee.
Answer:
C. <u>shortage</u>; <u>elastic</u>; <u>the same number of</u>
Explanation:
The law of demand states an inverse relationship between quantity demanded of a good and it's price.
Price elasticity of demand refers to the degree of responsiveness of quantity demanded to a change in price. When quantity demanded changes less relatively to change in price, it is termed as inelastic demand while when the change in quantity demanded is lot more than the change in price, it is termed as elastic demand.
In the given case, after the upper limit price has been capped and fixed, this would create a rush and tickets for the sports events would be sold off since the quantity demanded would rise.
This would result into a shortage since demand shall exceed supply and since the price cannot be raised above $50.
The more elastic the demand, more shortage of tickets it would result into and the same number of people will attend the events i.e the seating capacity is not increased.
Explanation:
Grameen bank is one of the pioneers in the world of Micro Finance Institutes, which not only provides the poor with access to financial capital but also helps them build a better business which allows them to escape from the poverty cycle. This lead to an overall upward economic movement in the society, improving the economic condition of a country as a whole. Through these micro finance loans, a number of SMEs (Small and Medium Enterprises) emerges which further provide employment opportunities to other people thus starting a virtuous cycle of economic growth.
As the economic condition of the poor becomes better, these poor people inturn becomes customer for these business for other products thus being a huge source of profit.
Answer:
Contribution margin= 250,000
Explanation:
Giving the following information:
Sales $590,000
Total fixed expenses $150,000
Cost of goods sold $390,000
Total variable expenses $340,000
<u>A CVP income statements provides the following structure:</u>
<u></u>
Sales= 590,000
Total variable costs= (340,000)
Contribution margin= 250,000
Answer:
Preferred stock
Explanation:
The capital market instruments refer to the instrument that involves stock, bonds, debentures, the preferred stock that deals in the securities and come under the capital
Also, the other options that are mentioned are the money market examples
Therefore the correct option is preferred stock and the same is to be considered
