Answer:
Lynn will receive $63,754 at the end of 8 years.
Explanation:
Future value is the sum of value of principal invested and compounded return received over the investment period.
Using following formula of future value to calculate the required interest rate.
FV = PV x ( 1 + r )^n
PV = Present value = $40,000
n = number of years = 8 years
r = Interest rate = 6%
FV = Future value = ?
FV = $40,000 x ( 1 + 6% )^8 = $63,754
Answer: Quick service
Explanation:
According to the given question, the few restaurants student opting quick service management is the process of lack of varieties, opportunities and the glamour.
The Quick service is one of the disadvantage method using in the management as it contain the fast serving of the food and lack of the various types of variety in the food menu.
We are not able to manage all the stuff in order to satisfying the customer requirement and also lacks the opportunities for the self expression. Therefore, Quick service is the correct answer.
Answer: Option B
Explanation: In simple words, economic growth refers to a situation when an economy produces more output in the current year as compared to the previous year.
The economic growth could happen from a number of factors. However in the given case, the growth in output is happening without any increase in input. This can only occur when the technology has been improved or the labor productivity has been increased.
Only under the above instances one can have more output than the previous level without increasing the input.
Hence from the above we can conclude that the correct option is B.
Answer:
C. the price paid by buyers increases and the price received by sellers decreases
Explanation:
In the market experiment with taxes, after the excise tax is imposed on the market the price paid by buyers increases and the price received by sellers decreases
Answer:
The answer is:
focus group
Explanation:
a focus group is a small group of a population, made up of the different categories of the members of the larger population (demographic diversity, whose reactions on particular research are studied using a guided or open discussions, to reflect reliably the reactions that can be expected from the larger population. Use of focus groups is for data collection. In this example, the intended research is on "how homeowners do yard work" and " their views on hiring lawn care services". The group to be focused on (focus group) is the homeowners, so anyone who does not own is home is not part of this group and in order for this group to accurately reflect all the homeowners population, it should include men and women, with different types of homes.
