Answer: Quality is never costless because monitoring and prevention have costs
Explanation:
The cost of quality has two parts which are the cost of prevention and the cost of failure. The cost of quality simply refers to the sum of the prevention cost and the cost of failure.
It should be noted that spending more on prevention helps in reducing the cost of failure. According to experts, quality is is never costless because monitoring and prevention have costs.
Answer:
c
Explanation:
purchasing ships to transport goods oversees
Responses will vary, but students should explain that parents invested in helping their needierdaughters, those daughters who partnered with males with fewer resources; this unequalinvestment caused daughters to “exploit” their parents’ generosity. Daughters were more likely tochoose a partner with inadequate support resources and spare themselves the costs of “holdingout” for the perfect man, because they knew their parents would pick up the slack. Daughters withinadequate partners ended up with the same resources as their sisters with better partners becauseof their parents’ contributions. Over time, females became less choosy in their male partnersbecause they knew their parents would make up the difference for any inadequacies in partners.
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Answer:
C. Most businesses decide to modernize and expand their manufacturing capacity, and to install new equipments to reduce labor cost
Explanation:
Interest rate is the cost attached to borrowed money. It is also the return for the risk of lending.
Businesses borrow to make profit in the future. They also borrow to finance the purchase of equipments. The interest on these loan is what stimulate the economy which encourages people to borrow, lend and spend.
When businesses continue to expand their production capacity and also install new equipment, such will lead to an increase in interest rate in the economy because most industries often times raise credit to finance assets purchase. An increase in demand for money raises interest rate and vice versa.
Other causes of high interest rate in an economy are;
- Inflation, which is the consistent rise in the prices of goods and services as a result of too much money in circulation. The higher the rate of inflation, the higher the interest rate.
-Government, through central bank, issuing directives on the effect of monetary policy on interest rate. This is done through open market operation.
When there is lower interest rate in the economy, amount paid as interest by consumers will be less hence have money to spend. This will also affect business as they will be able to buy equipments and produce more with cheap funds.
<span>In the basic keynesian model, a decline in autonomous spending reduces short-run equilibrium output.The increase in national income is equal to the primary investment (autonomous) plus a chain of secondary consumption spending. According to Keynes, the root cause of unemployment and depression is inadequate investment, and a consequent low level of aggregate demand.</span>
