It is true that the general increase in prices over time we pay for goods and services is known as inflation.
<h3>What is inflation?</h3>
Inflation is the term used to describe an increase in the price of goods and services that households buy. It is determined by how quickly these prices fluctuate. Prices frequently rise with time, but they can also fall (a situation called deflation).
The main categories of inflation are as follows:
Demand-pull inflation: It explains how rising prices for products and services can result from increased demand. People will typically pay more for something if there is a shortage of it.
Cost-push inflation: When demand-pull inflation is active, it frequently starts up. Businesses must raise their pricing as a result of rising raw material costs, regardless of market demand.
Built-in inflation: Employees may start requesting pay increases from their employers as demand-pull inflation and cost-push inflation take place. Employers risk experiencing a labor scarcity if they don't keep their pay competitive.
Built-in inflation occurs when a company increases employee wages or salaries while also trying to maintain profit margins by boosting prices.
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Answer:
degree of operating leverage 6.04
Income if sales increase by 10%: 72,180
Explanation:
degree of operating leverage:
contribution per ticket
60 sales price - 24 variable cost = 36 dollars
36 x 7,550 = 271,800 total contribution
fixed cost (226,800)
profit 45,000
degree of operating leverage: 6.04
the sales have a multiplier effect of 6.04
a 10 percent increase on sales translates to 60.4 percent in the net operating income:
income with a 10% sales:
45,000 x ( 1 + 60.4%) = 72.180
Answer:
Privacy Impact Assessment (PIA)
Explanation:
If an organisation has decided to increase the amount of customer data it maintains and use it for targeted sales. The privacy officer having determined that this data is PII, then the type of assessment should be completed to ensure the organization is complying with applicable laws and regulationsrelated to this data is the Privacy Impact Assessment (PIA)
The assessment to be Conducted - Privacy Impact Assessment (PIA) is to determine, for each type or classification or PII (Personally Identifiable Information)
, how it is collected, where it is stored, and how it is disposed of, as well as the potential security risks for each type of PII.
The correct option is C. Increased earning potential in the future. According to many education providers, increased earning potential in the future is one of the monetary benefits of attending college.
Although other benefits listed constitute part of the benefits of attending college but in terms of those that provide only "monetary benefit". Many education providers list <em>increased earning potential </em>at the top of their list among the monetary benefits of attending college. Based on this general consensus, we can conclude that option C is the most correct option.
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Answer:
Shut down
Explanation:
The minimum possible average variable cost is $3.50.
Variable cost represent the amount of cost that incurred every time the company produce one product.
The market price of the product is $3.
From this data alone, we can conclude that no matter how good the company's strategy to sell the product, it is impossible for the company to obtain profit. Since the cost of producing one product will always exceed the amount of profit that the company can obtain.
Closing down the operation or transitioning to other product will be the best option for the company.
