Answer:
Categorical variable
Explanation:
Categorical variable are variables that are not numerical, take on values that are names or labels.It places the individual into a category, categorical variable is also called qualitative variable.
While quantitative variable is a numerical variable, they represent a measurable quantity i.e variables whose values result from counting or measuring something(measurement)
Therefore, the type of variable used here is categorical because the type of business will not be numerical.
Answer:
Soldiering
Explanation:
The principles of scientific management describes how productivity should be carried out in a work place and the different methods and strategies to be applied to ensure smooth and maximum productivity.
Scientific management involves four principles, they include:
1) Viewing a job thoroughly to determine the best way in which the work will be carried out by devising unique methods and approach.
2) Employing and training the right set of individuals to perform the job.
3) Monitoring the performance of the workers.
4) Carrying out a system of division of labour between the management and the workers.
Soldiering can be described as a situation in which workers deliberately carry out their activities below their capacity.
Answer:
The correct answer is letter "A": None of these.
Explanation:
The Federal Insurance Contributions Act (FICA) is a U.S. law that requires a paycheck deduction to be paid to Social Security and Medicare. Employers and employees share half the payments. Self-employed people are responsible for the entire tax amount.
Answer: Short term is less costly
Explanation:
Total interest cost under long term financing = 800,000 × 12% × 2
= 800000 × 0.12 × 2
= $192,000
Total interest cost under short term financing = (800,000 × 7% ×1)+ (800,000 × 13.95% × 1) =
= (800000×0.07×1) + (800,000×0.139×1)
= $167,600
Based on the above solution, Short term financing is less costly.
Answer: The correct answer is "B. lower".
Explanation: The insurance premium is one of the central elements of the contract since it is the price that the insured pays for the coverage he receives. Its value will depend on the type of risk insured and is always fixed in advance by the insurance company. It must be sufficient for the insurer to face the insured risk, calculating that not all the insured will need the coverage, that is, statistically, there is a probability that it will happen or not.
The premium is lower in a survivorship life policy as compared to the premium in a joint life policy.
