Answer:
The 3 represents the percentage of cash discount. It means the cardholder will receive a 3% discount if the bill is paid within 15 days from the billing date.
Answer: Decision tree
Explanation: A support tool that uses a tree like model for decision making by evaluating the possible consequences by taking into consideration chance event outcomes, resource cost and utility. Largely used in non parametric effective machine, it is a learning modelling technique for regression and classification problems.
Answer:
- Government controls industry through policy
- Government is both a consumer and a producer
- Government can use policy to influence the economy.
Explanation:
The government can use fiscal policy to influence the economy. It adjusts taxes and spending to direct the economy in the desired direction.
As an institution, the government is a big spender in any economy. Government spending determines the level of production and consumption, which are key macroeconomic indicators.
The government influences the monetary policies in place. By directing the monetary policies, the government controls the borrowing and expansion of businesses and industries.