The year 2020 had a big impact on the economy due to the global pandemic, also having an impact on the annual income of families, so if your father or mother, for example, receive fixed salaries and tips, they probably felt the impacts of the economic recession.
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</h3><h3>How the pandemic affected the economy
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The rates of infection by the virus and mortality generated a scenario of insecurity that led to a public decision to stop consumerism in order to restrict resources and be able to adopt an effective strategy in a period of great uncertainty.
Therefore, with the measures adopted by the government, such as social isolation, many companies stopped producing, closed for a while and were unable to survive without generating profits.
The impact of the pandemic then led to an economic downturn in several countries and caused thousands of people to lose their jobs or businesses.
To change this scenario, it is necessary to implement public policies with strategies to create jobs, reduce bureaucracy, invest and encourage industry.
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If the price of the steel used to produce steel falls, it would cause the price of American cars to fall.
<h3>How does the price of resources affect demand?</h3>
The price of a resource used in the production of goods can have a huge effect on the price.
If the price of steel is high, it would make the price of cars to be on the increase hence reducing the demand for the product in the market.
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Answer: $2,410,000
Explanation:
Date: March 1st
Expenditure: $2,052,000
Capitalization period: 10/12 months
Weighted Average Accumulated Expenditure: $1,710,000
Date: June 1st
Expenditure: $1,200,000
Capitalization period: 7/12 months
Weighted Average Accumulated Expenditure: $700,000
Date: December 31st
Expenditure: $3,072,650
Capitalization period: 0
Weighted Average Accumulated Expenditure: $0
The Weighted Average Accumulated Expenditure will now be:
= $1,710,000 + $700,000 + $0
= $2,410,000
Note that Weighted Average Accumulated Expenditure for each date was gotten as:
= Expenditure × Capitalization period
I'm really not sure this is the right answer, but there are 20! ways to arrange 20 students in different orders. 20! is a VERY large number haha but that's how I'd do it :/
If the board of directors readily accepted his proposition without considering the risks. This is an example of groupthink.
<h3>What is groupthink?</h3>
Groupthink occur when a group of people tend to all accept a conclusion or an opinion that was made without considering whether the viewpoint they accepted was risky or good.
Based on the given scenario the board of directors accepting the new product that was independently proposed by the president without considering the risks is an example of groupthink.
Inconclusion If the board of directors readily accepted his proposition without considering the risks. This is an example of groupthink.
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