Answer:
d. a union representative urging management to avoid a strike by raising wages
Explanation:
The persuasive speaking includes some important elements, its principal objective is to convince the listener about an specific point of view. It may include three principal methods: pathos, ethos and logos.
In this case the Union representative is trying to persuade the management to rise salaries, he can be appealing to Logos strategy. Logos is to use logical arguments to convince the audience, they will be evaluating if the argument of the speaker makes sense.
Answer:
Current consumption
.
More output & More capital.
Explanation:
Economic growth is the increase in the productive base of a country within a period of time. It can also be seen as the increase in the production of goods and services produced by a country within a period of time, it is simply increase in the gross domestic product (GDP)
Savings is that part of disposable income that is not consumed. That is, that part of income that is not spent on current consumption is what we called savings, the simple equation is:
S = Yd - C
Where: S = Savings, Yd = Disposable income and C = Consumption.
When the current generation raises its savings rate, it sacrifices current consumption which is alternative forgone or opportunity cost of savings.
The gain for future generation is the accumulation of capital that will be available to them to produce more goods and services.
Answer:
a career transition
Explanation:
In simple words, a career transition refers to the process under which an individual changes his or her job or profession etc. Such transition could be done by changing jobs in the same job sector such as one start selling pizzas instead of burgers. On the other hand, some individual changes their occupations drastically, for instance, a doctor starts a burger shop by arranging his or her own capital.
Answer:
Asset
Balance Sheet
Expense
Income statement
Explanation:
An asset is defined as a property of company, from which future economic benefits will arise, as for inventory in hand, the inventory can be sold in future and then future benefits will arise from such sale. Thus, it is an asset and assets are reported in balance sheet.
The expenses are the cost associated to earn the revenue, as when any inventory is sold the inventory is recorded as an expense called cost of goods sold, which is recorded in income statement.
Answer:
The good is considered a necessity.
Explanation:
Price elasticity of demand is a measure of the sensitivity of demand for a good or service to changes in the price of that product. We say that the price elasticity of demand is elastic when a percentage change in the price of this good has major impacts on demand. On the contrary, we say that the price elasticity of demand is inelastic when variations in the price of goods have little or no influence on demand.
Usually elastic goods are those that can be replaced, so that rising prices cause a drastic drop in demand that will flow to another product. For example, if the price of the burger rises, consumers may stop buying burgers and substitute pizza (assuming these products are substitutes). On the contrary, if the good is needed, it usually tends to be inelastic, that is, the price increase does not considerably decrease the demand, because consumers need this good. For example, medicines.
