Elena is not correct in the two situations.
<h3>What is the effective annual rate?</h3>
Effective annual rate is the interest rate when the effects of compounding is taken account for. In order to determine if Elena is correct, the effective annual rate has to be calculated.
Effective annual rate = (1 + APR / m ) ^m - 1
M = number of compounding
(1 + 0.12 / 12)^12 - 1 = 12.68%
(1 + 0.12 / 2)^2 - 1 = 12.36%
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Answer:
Management
Explanation:
The Management of the company are appointed as stewards by the owners of the company (shareholders). They have a role in reporting the entity`s operations and ensuring that they provide a good return for the shareholders investments.
Had to look for the options and here is my answer.
Based on the given scenario above regarding the product manager of Boat, the intervention that he can do in order to improve upon the buying criteria so that there would be a potential increase in demand is to "increase <span>the promotion budget to gain greater awareness."</span>
Answer:
Specialization and the division of labor can increase productivity.
Explanation:
Specialization is about an <em>invidivual</em> focusing on very specific tasks that are best suited to them according to their skills and knowledge. This concept can be applied to <em>companies</em> and <em>countries</em>, as they specialize on producing a small amount of products they excel at, for having the raw material, knowledge and/or technology to do so.
The division of labor is about breaking down the production process of a good in <em>different parts</em> performed by <em>different people</em> instead of having all workers performing all the tasks. The idea is to let workers be <em>specialists</em> in a small amout of tasks so that they can be more efficient and overall productivity can be greatly increased. This concept was introduced by the <u>'father of economics'</u> Adam Smith in his book "The Wealth of Nations" released in 1776.
Specialization and division of labor are complementing concepts that bring a company an increase in productivity and helps achieve economies of scale.
