Answer:
amount of a product and the price a consumer pays
Explanation:
A chart that shows the relationship between quantity demanded and price shows the relationship between the amount of a product purchased by a consumer and the price of the prodcut.
It doesn't show the relationship between th3 interest a consumer has in a product and its price. Interest doesn't always translate in demand for the product. A consumer might be interested in a product but might not buy it due to its price or other factors.
A chart that shows the relationship between price and quantity demanded is the demand curve. It plots price on the vertical axis and quantity demanded on the horizontal axis. The demand curve is usually downward sloping to illustrate the law of demand. The law of demand says that the higher the price of a product, the lower the quantity demanded and the lower the price of a product, the higher the quantity demanded.
Joseph's project goal is not a "SMART" goal because it lacks the characteristics of a smart goal.
<h3>What are smart goals?</h3>
A smart goal is characterized by being:
- Specific
- Measurable
- Achievable
- Relevant
- Time-Bound.
Besides being time-bound, Joseph's project goal lacks specificity, measurability, achievability, and relevance as it is displayed on paper.
Thus, Joseph's project goal is not a "SMART" goal because it lacks the characteristics of a smart goal.
Learn more about Smart Goals at brainly.com/question/1455505
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Answer:
A project milestone is a task that shows an important achievement in a project. The milestones should represent a clear sequence of events that incrementally build up until your project is complete.
Explanation:
Answer:
Sunk costs.
Explanation:
Sunk costs refers to historical funds spent or incurred that cannot be recovered. Such costs are considered irrelevant during decision making which impacts on the business's future as they present no influence on present or future prospects.
Example
ABC investors decide to acquire land and develop residential houses at a location X. This decision is informed on the fact that the government had recently enacted a policy that led to an increase in demand for residential properties in that location. 6 months into construction of the residential houses, the government reviews and rescinds the policy. This leads to a sharp decline in property values in location X. ABC investors had already incurred 10 million dollars in the project. The 10 million dollars is considered sunk cost.
Sunk costs are the opposite of relevant costs because they can't be changed or recovered, as they've been spent or contracted in the past already. Hence, relevant cost are relevant for decision-making purposes but not sunk costs.
Hence, money that has been or will be paid regardless of the decision whether to proceed with the project is sunk costs.
Answer:
True
Explanation:
As the ethics form the basic working nature for any organization, this results in representing the moral values of an organization.
This clearly depicts that the organization is represented through its employees and if employees are properly trained for the ethical behavior, this will definitely positively impact on the organization, also, the organization which do not provide any training for such the results are not that effective, as the ethics are not followed properly and ethics are not defined.
