When inflation occurs each dollar of income will buy fewer goods and services than before.
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What is inflation?</h3>
- In the field of economics, inflation refers to an overall rise in the cost of goods and services throughout a nation.
- Each unit of currency may purchase fewer products and services as the general price level rises, hence inflation is associated with a decline in the purchasing power of money.
- Deflation, a continuous drop in the general level of prices for goods and services, is the reverse of inflation.
- The annualized percentage change in a general price index, or the inflation rate, is the most widely used indicator of inflation.
- The consumer price index (CPI) is frequently employed for this purpose because price increases are not uniform across the board.
- In the United States, wages are also calculated using the employment cost index.
Therefore, when inflation occurs each dollar of income will buy fewer goods and services than before.
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There are two models of representation, trustee model and delegate model. Trustee model allows the people to elect a trustee who they 'entrust' with their constituency while in the delegate model, a delegate or representative is elected in a democracy to deliver the concerns of the people but the representative doesn't hold their constituency.
Answer:
(C) Organizational Breakdown structure, Work Breakdown structure, Control Account Plans, and Points of Management control.
Explanation:
Under Earned value management in projects the mutli functional control account plans should have a Work break down structure which helps to provide on time deliveries and also a necessary Organizational break down structure to identify the respective persons who was assigned with particular resposibilities to provide smooth functioning of the business and both these sturctures maintain control account plans and all of these shall be subject to management control through a Points of management control.
Answer: Straight line method is $7,400 per year.
Double declining balance method is $ 14,800 per year.
Explanation:
Depreciation on a straight line basis is calculated thus:
Cost - Residual value/ useful life
= (36,000 - 6,400)/ 4
= 7,400 per year
Depreciation on double declining method is calculated thus:
100% / useful life
100%/4 = 25
25%*2= 50%
Cost - residual value * 50%
36,000 - 6,400* 50%
29,600* 50%
=$14,800 for the first and second year
The answer is B. the amount of something consumers want
