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Leona [35]
4 years ago
11

Tom needs a new washing machine. A new one costs $400. He decides to save and buy one next year. All other factors being equal,

if inflation is 4%, the washing machine will cost ______ next year. This should be an even answer with no need for decimals.
Business
1 answer:
TiliK225 [7]4 years ago
8 0

Answer:

$416

Explanation:

Washing Machine price = $400

Inflation Rate = 4%

So, Price Rise = (4/100) x 400

= $16

New Raised Price after Inflation = Old Price + Price rise due to inflation

= 400 + 16

= $416

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In a contract, what is consideration? A. The list of people who are legally authorized to negotiate the contract B. An exchange
vovikov84 [41]
Consideration<span> is the concept of legal value in connection with </span>contracts, so option <span>A. The list of people who are legally authorized to negotiate the contract !</span>
4 0
3 years ago
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Loss is the value of the economic surplus that is forgone when a market is not allowed to adjust to its competitive equilibrium.
avanturin [10]

Answer:

True (Dead-weight loss )

Explanation:

When the market is not allowed to adjust towards the equilibrium the economics efficiency is lost. When the supply is excessive compared to demand some part of supply remains intact, which means that small of amount of supply does not contribute to economics and allocation efficiency and considered as a dead-weight loss. The supply is forgone because the market is not allowed to stabilise.

7 0
3 years ago
Asymmetric information occurs when A. everyone has the same information. B. people engaging in a transaction are uncertain about
melisa1 [442]

Answer:

Option (D) is correct.

Explanation:

Asymmetric information occurs in a situation in which one of the two parties involved in a particular transaction have more information than the other party. This problem mostly occurs in a health insurance market where the a person to be insured have more information about his health than the insurance company.

Asymmetric information will result in two problems are as follows:

(i) Adverse selection

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8 0
3 years ago
A) "Tranings are are the most important part of any occupation": justify it​
Dmitrij [34]

Explanation:.

The Importance of Training Employees: 11 Benefits

The Importance of Training Employees: 11 BenefitsFebruary 22, 2021

The Importance of Training Employees: 11 BenefitsFebruary 22, 2021As technology advances and workplace methods and strategies improve, there comes a need for employers and employees to align with these changes in terms of knowledge, skills, values and abilities. One of the best ways to enhance knowledge and skills is through training. Getting employees exposed to relevant and consistent training can help companies improve performance and increase results in the workplace. In this article, we explain the importance of training employees and provide a list of potential benefits.

What is the importance of employee training?

Training is important because it represents a good opportunity for employees to grow their knowledge base and improve their job skills to become more effective in the workplace. Despite the cost of training for employees, the return on investment is immense if it is consistent.

There are several reasons it is important for employers to initiate training programs for their employees, such as:

It improves skills and knowledge

Employee training programs help improve the knowledge and skills of employees to match the various changes in the industry. These improvements will positively affect the productivity of workers, which can increase the profits and efficiency of an organization. Some of the things employees may learn through training include work ethics, human relations and safety.

It satisfies the recommendations of performance appraisals.

When an organization's employee performance appraisals suggest the need for improvement on a particular subject or skill, training programs can be organized for staff members to help satisfy this requirement. Training can therefore address an identified problem area and work toward a solution.

8 0
3 years ago
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When Whitney took over her father's sporting goods store, she evaluated some of her father's vendor relationships. She found tha
kolezko [41]

Answer:

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7 0
3 years ago
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