Answer:
Option B (150) is the correct answer.
Explanation:
Given:
Nominal GDP,
= $900
Money velocity,
= 6
As we know,
⇒ 
By putting the vales, we get
⇒ 
⇒ 
⇒ 
I believe the answer is C
Answer:
C. Citizens have more wants than they can fulfill with their available resources.
Explanation:
Correct for APEX
Answer:
(D) Task specialists keep the group moving toward its objective
Explanation:
- The highest group performance occurs when a highly cohesive group has high-performance norms.
- Group or Teams can be powerfully effective as a building block for organization structure
- A team's purpose should be translated into specific, measurable performance goals.
- The key element of effective teamwork is the commitment to a common purpose.
- Teams are now used by almost all companies to produce goods and services, to manage projects, and to make decisions about running the company.
Hence, the statement in option (D) is correctly fitted.
Answer: 24.60 minutes (2dp)
Explanation:
The question is essentially asking that we find the Standard Time it takes to serve a customer.
To do this we would have to calculate the averages of the different elements and then use this to find the normal time which we can then use to find the Standard Time.
Element 1
= (3 + 4 + 4 + 3 + 3)/5
= 3.4
Element 2
= ( 9 + 8 + 10 + 11 + 10)/5
= 9.6
Element 3
= ( 7 + 8 + 6 + 7 + 8)/5
= 7.2
We then calculate the normal times by multiplying each of the individual means with their performance ratings.
That would be,
Element A
= 3.4 * 70%
= 2.38
Element B
= 9.6 * 110%
= 10.56
Element C
= 7.2 * 120%
= 8.64
We then add up the normal times to get the total normal time
= 2.38 + 10.56 + 8.64
= 21.58 minutes
Now we can solve for the standard time using this formula,
Standard time = Normal time (1+Allowance factor)
= 21.58 ( 1 + 0.14)
= 24.6012 minutes
= 24.60 minutes (2dp)
The time per unit customer served is 24.60 minutes.
If you need any clarification please do comment. Cheers.
