Two basic
needs categories:
<span>1. </span>Lower-Order needs- this includes
safety, physiological requirements.
<span>2. </span>Higher-Order needs- under this
category are belongingness, affiliation, accomplishments, esteem,
self-actualization, influence (power).
The lower-order
needs must be met for higher-order needs to have a long lasting effect on
satisfaction. Once lower-order needs are satisfied, it's difficult for managers
to predict which higher-order needs will motivate behavior. (TRUE)
Answer:
of changes in price level
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year.
Nominal GDP is GDP calculated using current year prices while Real GDP is GDP calculated using base year prices. Real GDP has been adjusted for inflation.
For example, country A produces 10 kg of rice at $10 per kg in 2019 and 50kg of beans at $30 per kg in 2018. In 2019, it produces 10 kg of rice at $20 per kg in 2019 and 50kg of beans at $40 per kg in 2019. 2018 is the base year.
Nominal GDP in 2018 = (10 x $10) + (50 x $30) = $1600
Nominal GDP in 2019 = (10 x $20) + (50 x $40) = $2200
Real GDP in 2018 = (10 x $10) + (50 x $30) = $1600
Real GDP in 2020 = (10 x $10) + (50 x $30) = $1600
We can see that even though the country produced the same quantity of outputs in both years, nominal GDP differed but when the effect of rise in prices was eliminated, real GDP for both years was the same.
Tours will be held on the following evenings, for the school districts listed. Times are 6:00 – 8:00 PM on these nights:
* Danville – February 3rd and 4th
* Central Columbia and Millville – February 10th and 11th
* Berwick – February 16th
* Southern Columbia and Bloomsburg – February 17th and 18th
Answer:
0.88 years
1 year
Explanation:
Payback period calculates the amount of the time it takes to recover the amount invested in a project from its cumulative cash flows.
For project A:
Amount invested = $-22,000
Amount recovered in year 1 = $-22,000 + $25,000 =$-3000
The amount invested is recovered In 22,000 / $25,000 = 0.88 years
For project B:
Amount invested = $-22,000
Amount recovered in year 1 = $-22,000 + $22,000 = 0
The amount invested is recovered in a year
I hope my answer helps you
