Answer: Personal need for status and respect
Explanation:
It is known that people care about the way that other members of their work groups, society etc view them. In this they care about their social worth or social reputation. Monique had a need for a new car, but seeing her coworker with one already made her review her self-worth and spurred the desire to want to attain the status of owning a car even more. Although the degree of concern about one’s social status varies across people, contexts, and time, these concerns are rarely dormant and easily stirred as it has in Monique. Social worth is among peoples’ most critical and pervasive considerations at work, as well as in most social settings. While respect reflects the worth and value accorded to people, status is conceptualized as the respect and admiration that an individual possesses in the eyes of others,. It is also a yardstick of the social worth that others confer on an individual.
Answer:
Annual increase in price=3.3%
Explanation:
Using the cumulative average growth formula, we can compute the average annual increase as follows;
Average annual increase =( Recent price/Initial price)^1/(n-1)
Initial price =$27,358. 8
Recent price = $21,808
n=8
Average annual increase= (27,358. 8/21,808)^(1/(8-1))=3.3%
Annual increase in price
Answer:
A. Institutional Capitalism
Explanation:
Institutional capitalism is the phenomenon whereby large institutions holds large share of the capitalistic enterprise. Capitalism in itself has to do with private companies having their own ownership of the production process. In this case, the capitalistic enterprise is done on the basis of institutional shareholding.
Steam engine brought about advancement in transportation and trade by powering locomotives and steamships which carried both goods and people to distant places in record time. Over the years, knowledge continue to increase and new inventions emerge, these include diesel and electric trains. Today, steam engines are no longer in use. Those that exist are used for historical, entertainment and educational purposes.
Answer: company can produce boxes 100 times per year.
Explanation:
Ordering cost per order, S = $250
Annual demand, D = 500,000
Holding or carrying cost per unit, = $10
Economic order Quantity = 
=
= 
= 5000
Optimal order quantity = 5000 boxes.
Number of times company can produce boxes = Annual Demand/ Optimal order quantity = 500,000 / 5000 = 100 times
