Answer:
C. Responsiveness of quantity demanded to a percentage change in income.
Explanation:
Income elasticity is defined as the responsiveness of the quantity of a good demanded by an individual as his income changes, all other factors being constant.
Mathematically it is calculated as percentage change in quantity demanded divided by percentage change in income.
Income elasticity is used to find out if a good is a necessity or a luxury good.
The demand for goods that are a necessity does not change with a change in income.
However demand for a luxury good increases as income increases and vice versa
Answer:
True
Explanation:
A public limited company can pay cash dividends to its shareholders for their contribution to the company. Therefore, the statement "West Company paid cash for dividend" is correct.
No other form of organization cannot pay dividends. They can pay a share of profit or extra benefits. Only in the corporation, especially in public limited, shareholders are given a cash dividend by its management body.
Important meetings between a portfolio manager and his or her team of analysts take place in what is sometimes called "the war room" because that is where business strategies are discussed and formulated.
<h3>What is Business Strategy?</h3>
This refers to the set plans and actions that a business takes in order to get ahead of its competition and maximize profit.
With this in mind, the strategy room is called a war room because business is effectively war, especially in a capitalist system and the portfolio manager meets with his team of analysts in order to discuss business strategies.
Read more about business strategy here:
brainly.com/question/24967768
<span>
<span>The
gas motor also known as the four stroke internal combustion engine created by
Nickolaus Otto was first used to generate power in a motorcycle and later on
used in vehicles among other machinery. Power is generated from this engine
through a cycle that consists of four steps. A mixture of air and fuel is
introduced into an enclosed combustion chamber, this mixture is compressed
and then ignited (thus causing an explosion)and then resulting exhaust gases
are expelled from the combustion chamber. This reaction generates heat energy
which is then converted into mechanical energy when the piston moves up and
down. This motion is transferred to a crankshaft which powers a flywheel that
maintains the rotary motion.</span></span>
Answer:
7.5 million equivalent full-time volunteers
Explanation:
The total hours volunteered is 3 hours * 100 million volunteers = 300 million hours
If you assume a full-time work week of 40 hours, divide the hours volunteered to find the equivalent number of full time workers.
300 million / 40 = 7.5 million
