Answer:
Comparison between Wealth and Welfare
Explanation:
Welfare is the well-being or satisfaction enjoyed by the society which is actually determined to a great extent by the wealth of the nation. Wealth generally hikes up our level of welfare although both of them are two completely different concepts.
Answer:
From the standpoint of hotel management, this "money laundry" should be viewed as: both a cost center and a profit center
Explanation:
A profit center is a branch or division of a company that is expected to add to the entire profitability of that company.
A cost center does not costs the organization money to operate and does not add profit directly to the company.
However, it can contribute to profit indirectly by enhancing the company's operational excellence, customer service, and general service delivery.
Cleaning and polishing coins (pocket change) for the guests as a unique service could come as a perk that makes San Francisco's St. Francis Hotel a preferable hospitality center.
Even though it costs to maintain the money laundry, the hotel can carefully increase the general rates to include the additional cost.
Answer:
Explanation: If the credit risk in the banking system increases, it is normal and even beneficial because if there is credit the economy moves, and obviously it advances since this allows the banks to multiply the money, but if said credit increase, it is given in a way uncontrolled can cause the economy to warm up, leading to financial bubbles.
Explanation:
•The Value of Space. When it comes to luxury homes, it's all about space. ...
•Entertaining Excellence. ...
•Security & Convenience. ...
•Keeping Things Exclusive.
Answer:
a. This type of study is known as probability sampling.
b. Since we’d like to make sure the survey represents opinions from students of all ages, we can use stratified sampling.
<u>Probability Sampling
</u>
- In probability sampling each element of the population has an equal chance of being selected for the sample.
- Probability sampling helps us to create a sample that is truly representative of the population.
- A sample that truly represents the population ensures that the statistical conclusions are valid.
<u>Stratified Sampling
</u>
In stratified sampling, the population is divided in different classes that are known as strata. Once this classification has been done, we randomly select a sample.
Since our objective for the survey is to collect opinions from students of all years, we can divide the student population into four strata based on age, and select a probability sample from each stratum.