Answer:
An Industry refers to organizations that develop similar offerings.
Explanation:
An Industry is a group of companies or organizations that are involved in the production of similar products and delivery of similar services.
For example, the pharmaceutical industry involves different pharmaceutical companies that offer the same products and services.
The construction industry involves different companies that offer construction services.
Answer:
a. $1,000 of income for the Human Fund for owning a $100,000 savings bond - This is an example of the debt interest in the budget.
b. Food stamps received by the Jones family - These are mandatory that has to be spent by the government.
c. Purchase of F-16 fighter planes by the U.S. government - Purchasing F-16 is discretionary.
d. An increase in the salary of researchers at the National Institutes of Health - Increase in the salary is discretionary expenditure by the government.
e. Government aid to help victims of drought in east Africa - This will be discretionary.
Definition of the categories of US government budget
Mandatory spending is spending required by statutory criteria, it is not authorized annually
Discretionary spending is spending that must be authorized annually and appropriated by the House and Senate.
Interest on debt is the cost incurred by an entity for borrowed funds
If your organization hires all of its functions except the company name and coordination of contractors, it is a virtual organization.
<h3 /><h3>What is a virtual organization?</h3>
It corresponds to an organizational structure that works in the form of alliances that come together for a specific purpose, usually to start a project faster and with shared responsibilities, such alliances being dissolved at the end of the joint project.
Therefore, in a virtual organization, there are separate business units according to the business objectives and goals.
Find out more about organizational structure here:
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Answer and Explanation:
As we know the elasticity of supply defines the relationship between the percentage change in quantity supplies with respect to the percentage change in price
Now in the case when the supply of supply curve would be high that represents it is sleeper and when it is steep so the demand curve i.e. shifted would have high change in price as compared with quantity
So here the lower slope i.e. 1 contains the high elasticity as compared with the highest slope i.e. 4
Answer:
8.33 hours or 8 hour 20 minutes
Explanation:
A small metal shop operates 10 hours each day, producing 100 parts/hour.
If productivity were increased 20%, then the production will be 120 parts/hour
Then the number hours the plant have to work to produce 1000 parts will be 1000 units / 120 parts per hour = 8.33 hours or 8 hour 20 minutes