Answer: pay for performance
Explanation: In simple words, it refers to the concept under which an organisation tries to motivate its employees to work more by offering them incentives on extra work. These incentives could be cash or related to some other service as such.
In the given case, Valerie is earning from the summer job on the basis of production she do while on the job.
Hence the following case is an example of pay for performance.
Answer: Option C
Explanation: The maximum amount of money that a consumer is willing to pay for having an additional unit of a good or service is called the marginal benefit. Whereas, marginal cost refers to the increase in total cost when one more unit of output is produced.
In the given case, we want to use the available resources at their best, therefore, the money on pollution control should be spent only until the benefit of spending one more dollar is greater than the cost of doing so.
Hence, the correct option is C.
Answer: qualitative
Explanation:
Risk assessment is used in identifying hazards which are likely to result in harm and then determining the appropriate methods to remove such hazard or curtail it.
The type of risk assessment uses descriptive categories to express asset criticality, risk exposure (likelihood), and risk impact is the qualitative risk assessment.
Answer:
$ 11, 978,133.75
Explanation:
The grand prize of 15,000,000 is worth the present value of the prize at an 8% interest. The prize is paid every year, meaning its an annuity case.
The present value of an annuity is calculated using the formula
PV = P × <u> 1 − (1+r)−n </u>
r
Where
P $3,000,000
r is 8% 0r 0.08
n is 5
PV = $3,000,000 x <u>1-(1+0.08) - 5</u>
0.08
PV =$3,000,000 x<u> 1 - 0. 6805831</u>
0.08
PV = $ 3,000, 000 x 3.99271
PV = 11, 978,133.75
Answer:
What is wrong with my car?
Explanation:
Asking the question 'what is wrong with my car' will generate alot of possible solutions which cover everything about the car, unlike other questions that are specific. Predicting the possible cause of the problem will be difficult for anyone.
The problem might be 'an empty gasoline', it might also be an 'ignition problem' etc.