Answer:
c
Explanation:
A stale green light is light that is about to turn yellow because it has been green for a while
Cover brake involves taking ones foot off the accelerator and hovering it over the brake pedal.
Cover brake is necessary when there is a stale green light in case there is a need to stop suddenly or reduce speed
Problems determining authority and responsibility, poor response time, and poor integration are disadvantages of The Functional Organization.
The Functional Organization is a type of organizational system which operates according to the principle of specialization in role and function.
- In project management, many types of organizations exist and are chosen.
- The Functional Organization works by division into departments and sub-sections where the role and function of the specific department stand defined and stipulated.
- A functional manager has a group of employees working under their supervision and authority.
- Problems determining authority and responsibility, poor response time, and poor integration are more than likely and entirely possible to arise in this organizational system.
Therefore, problems determining authority and responsibility, poor response time, and poor integration are disadvantages of The Functional Organization.
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Answer:
D. either real output or the price level (GDP deflator) have increased.
Explanation:
GDP is the total value (price x quantity) of goods & services produced by an economy during an a time period.
Real GDP is calculated on the basis of base year price index. Nominal GDP is calculated on the basis of current year price index.
So: Real GDP increases only due to rise in output quantity, not by price. Nominal GDP can increase due to rise in both output quantity or in price level (reflected in deflator).
This makes Real GDP a better measure of Economic growth than Nominal GDP, since it captures effect of increased production only (& not price).
Deflator is a measure of average price level change =
<u>Nominal GDP</u> X 100
Real GDP
Deflator > 100 shows inflation in general price level, Deflator < 100 shows deflation in general price level.
Answer:
consumption utility
Explanation:
Consumption utility is a measurement of how much you like a product or service, ignoring the effects of price and its inconvenience. Consumption means using up of utilities. For example – when we take a glass of water to quench our thirst, we are said to consume water. Whenever we make use of any commodity or service for the satisfaction of our wants, the act is called consumption. Therefore, by consumption we mean the satisfaction of our wants by the use of commodities and services. Economic analysis of household behavior is based on the assumption that people seek the highest level of utility or satisfaction. Individuals are the only judge of their own utility. In general, greater consumption of a good brings higher total utility. However, the additional utility received from each unit of greater consumption tends to decline in a pattern of diminishing marginal utility. The utility-maximizing choice on a consumption budget constraint can be found in several ways .
Answer:
PV= $3,150.85
Explanation:
Giving the following information:
Number of periods (n)= 6 yeras
Future value (FV)= $5,000
Interest rate (i)= 8%
<u>To calculate the present value, we need to use the following formula:</u>
FV= PV*(1+i)^n
Isolating PV:
PV= FV/(1+i)^n
PV= 5,000/(1.08^6)
PV= $3,150.85
