Explanation:
1. Working "off of books involves working within the underground economy, in which government economic activities are hidden to avoid taxation or laws, or in which products and services are sold illegally.
2. As the government is shielded from activities within the informal economy, they would not be included in GDP figures.
3. If GDP is calculated accurately, the government will find it difficult to set strategies to accomplish macroeconomic objectives. Normally, the government does not receive tax revenue from illegal sales. This could result the government to raise taxes on non-underground company individuals and companies, thus prohibiting their jobs, saving and investment.
Answer:
<u>True </u>
Explanation:
The above statement that, Agency relationship are normally consensual , coming about through voluntary consent and agreement between the parties is true.
The agency relation is defined as a relation in which a company or any person allow any another person or we can say agent to act on his behalf.
The must listen and follow the instruction of the company or the person.
In agent relationship there are two parties who are involve in it they are the principal and the agent . The principal is the person who hire the agent to act on his behave. It is fully a formal or we can say a business relation where the principal or the main person allow the agent to act on his behalf with the third party . There should be loyalty on the behalf of both the parties.
Answer:
8.13%
Explanation:
Annual return = [ (Total FV/Initial investment)^(1/n) ] -1
n = useful life of the project
Total Future Value = (22650*5) +5000
Total FV = $118,250
Initial investment = $80,000
Annual return = [ (118,250/80,000)^(1/5) ] -1
r = [ (1.478125^(1/5)] -1
r = 1.0813 - 1
r = 0.0813 or 8.13%
High quality is not necessarily related to price. discuss this, drawing from your own knowledge and experience, and provide examples where this may and may not be true. high quality is not necessarily related to price. <u>quality assurance.</u>
The Quality to Price Ratio (or QPR as it is commonly known) is a commonly used concept in the wine industry. Essentially, it's just a measure of perceived value, the enjoyment you're weighing against the price you're paying.
If the price is low, a small change in price equates to a large change in quality. At higher prices, small price changes correspond to small quality changes. However, in all cases, the higher the price, the higher the quality level.
The price-quality matrix designed by Philip Kotler focuses on the cross-section between his two metrics that give the model its name. By positioning a product or service relative to its competitors, retailers can position themselves in the market based on the price and quality of each item.
Learn more about quality prices here:
brainly.com/question/15855288
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