Answer: Option C
Explanation: The unemployment rate refers to the proportion of the unemployed workforce, calculated as a percentage.
This is considered as a lagging indicator, which means this normally goes up or down in the midst of response to changing circumstances instead of predicting them. The unemployment rate could be expected to increase when the economic situation is in bad condition and job opportunities are scarce.
In order to evaluate the jobless rate, the amount of unemployed individuals is measured by the number of working and unemployed individuals in the total labor force.
According to dr. w. Edwards Deming's quality movement and quality efforts need to be constantly and consistently improved.
Deming is widely recognized as one of, if not the founders of total quality management. Deming is largely credited with the revolution in Japanese manufacturing management that led to the economic boom of the 1970s and 1980s.
In the 1930s, Deming was intrigued by the idea of using statistics to improve quality control. His focus was on improving production and eliminating future failures by systematically collecting failure records and investigating and correcting root causes.
Deming's philosophy known as Dr. Deming's "Management Theory" and later "systems of profound knowledge" represent a holistic approach to leadership and management. philosophy brings together an understanding of variation, epistemology, psychology, and appreciation of the system.
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When there are fewer competitors so that market we called that oligopoly.
The information with respect to the oligopoly is as follows:
- In this, there are a few firms that are independent for pricing.
- Due to this, they have sufficient some kind of market power.
- Also, the pricing and production decisions should be impacted.
Therefore we can conclude that when there are fewer competitors so that market we called that oligopoly.
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While explaining the benefits of representation to a potential buyer, the buyer asks if he can get a good rate on a mortgage. The response should be "sorry, that's outside the scope of my expertise".
<h3>What are mortgage?</h3>
When you and a lender enter into a mortgage, the lender is granted the power to seize your property if you are unable to pay back the loan amount plus interest.
Mortgage loans are used to either purchase a home or borrow against an existing home's worth.
Some mortgage rights are-
- The mortgagee holds rights to the real estate collateral used to secure the loan in a mortgage.
- The lender is protected against default thanks to this.
- It also mandates that specific measures be established for the seizure of collateral assets in the event of default.
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