Answer:
A)$15,000
Explanation:
jones 100,000
king 200,000
lane <u> 300,000 </u>
Total 600,000
Assuming profit are distributed based on capital investment, jones will receive:
100,000/600,000 = 1/6 of the profit
proft x jones ratio = allocate income to Jones
90,000 x 1/6 = 15,000
This will be the amount of profit attributable to Jones.
Answer:
a) The WTO allows countries to have observer status before becoming full members, so they can follow discussions on topics that are of direct interest to them.
⇒ TRUE, that way potentially new members get to understand how the WTO works.
c) The WTO came into existence in January 1995.
⇒ TRUE, the WTO birthday is January 1, 1995.
d) Opponents of the WTO sometimes contend that the organization focuses too narrowly to the globalization of trade, at the expense of human rights and the environment.
⇒ TRUE, the WTO's focus is on trade, and it tends to ignore many social and environmental factors.
Answer:
The correct answer is a).
Explanation:
The income elasticity of demand refers to the percentual variation of quantity demanded of a certaing good in response to a percentual variation in income.
If the income elasticity of demand for medical care is 1.35,
<em>a. if income decreases by 1%, the quantity demanded for medical care decreases by 1.35%.</em> TRUE, this is what the definition implies.
<em>b. if the price of medical care increases by 1%, the quantity demanded for medical care decreases by 1.35%. </em>FALSE. In this elasticity, the sign is relevant. This income elasticity implies that changes in income and medical care expenses have the same sign.
<em>c. if the income of the average consumer increases by 1 dollar, the quantity demanded for medical care will increase by 1.35 units of care.</em> FALSE. The elasticity relates percentual variations, not absolute value variations.
<em>d. if income increases by 1%, the quantity demanded for medical care decreases by 1.35%.</em> FALSE. The same as point b.
Answer:
The correct answer is C
Explanation:
Job enrichment is a technique which is for common motivational and used or follow by the firms or the organizations for giving an employee satisfaction in the work. In short, means that giving employee extra responsibilities which is prior reserved with manager.
In other words, it means that it provides the employee more self management in his or her duties. By doing the job enrichment, employee is more mentally stimulated when they have to take up the decision making roles, authoritative roles, which help them keeping focused on their objectives or goals and tasks of the business and company.
So, in this case, manager redesign the job of his subordinate, giving more responsibilities. This process or procedure known as job enrichment.
