Who are the two key players in a circular flow model? :

REY [17]

Explanation:

The study of business is about how individuals and groups of people organise, plan, and act to create and develop goods and services to satisfy customers. Business is influenced by and impacts on the cultural, ethical, environmental, political, and economic conditions of the day

4 0

3 years ago

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Which statement is CORRECT? Automatic stabilizers are risky to use and sometimes can get the economy destabilized. Discretionary

Drupady [299]

Answer:

Discretionary fiscal policy indicates deliberate action by policy makers.

Explanation:

Automatic stabilizers are stabilizers that adjust the economy automatically without the intervention of external agents . examples include progressive tax and transfer payments

In an expansion, progressive tax increases the tax paid and this reduces disposable income

In a contraction, tax paid is reduced and this increases disposable income

Discretionary fiscal policies are deliberate steps taken by the government to stimulate the economy in order to cause the economy to move to full employment and price stability more quickly than it might otherwise.

Discretionary fiscal policies can either be expansionary or contractionary

Expansionary fiscal policy is when the government increases the money supply in the economy either by increasing spending or cutting taxes.

Contractionary fiscal policies is when the government reduces the money supply in the economy either by reducing spending or increasing taxes

4 0

3 years ago

Which of the following is most likely to occur in the consumer market but not in the organizational market? A. Purchases involv

lozanna [386]

Answer:

A. Purchases involve high risk and high cost

This phenomenon is most likely to occur in the in the organizational market (B2B - Business to Business Market) as compared to the consumer market. In B2B or Organisational Market, large number of purchases are made because those products have to become the part of certain other product so they are with with high cost and high risk.

B. There are a limited number of large buyers

There are less or limited number of large buyers in the organizational market (B2B - Business to Business Market) as compared to the consumer market. Buyers are in less number but they made purchases which involve more money.

C. Several people frequently make the decision

This phenomenon is most likely to occur in the in the consumer market organizational market as compared to the B2B - Business to Business Market. In B2B or Organisational Market, there are very less number of people who make the purchase decision whereas, there are several people frequently make the decision in consumer market.

D. Purchases are based on emotional responses to products or promotions

This phenomenon is most likely to occur in the consumer market organizational market as compared to the B2B - Business to Business Market. In B2B or Organisational Market, decisions are being made purely on the basis of product specifications, quality and cost whereas, in consumer market emotions come into play quite often.

E. Products are more complex and classified based on how the customer will use them

Products are more complex and classified based on how the customer will use them in the organizational market (B2B - Business to Business Market) as compared to the consumer market. In B2B or Organisational Market, products are quite complex in nature because mostly machinery and technical products are involved in B2B market.

8 0

4 years ago

The bureau of labor statistics has identified four leading causes of workplace deaths in the construction industry what are thes

taurus [48]

The leading causes for workplace deaths in the construction industry are falls, struck by object, caught-in/between, and electrocution. Actually these are called the fatal four and were responsible for nearly three out of five construction worker deaths which means the 59% of these acccidents.

7 0

3 years ago

A process that produces computer chips has a mean of .04 defective chip and a standard deviation of .003 chip. The allowable var

Anarel [89]

Answer:

a) 0.667

b) Yes

Explanation:

Data provided in the question:

Mean = 0.04

Standard Deviation = 0.003

Upper Specification Limit, USL = 0.046

Lower Specification Limit, LSL = 0.034

Now,

a) Capability Index is given as:

Cp = $\frac{(USL-LSL)}{(6\sigma)}$

or

Cp = $\frac{(0.046-0.034)}{(6\times0.003)}$

or

Cp = 0.667

Also,

Cpk = min( $\frac{(USL-Mean)}{(3\sigma)},\frac{(Mean-LSL)}{(3\sigma)}$

or

Cpk = min( $\frac{(0.046-0.04)}{(3\times0.003)},\frac{(0.04-0.034)}{(3\times0.003)}$

or

Cpk = min( 0.667 , 0.667 )= 0.667

Since,

Cp and Cpk are same in this case

therefore, it is ideal condition and process is capable

b) yes

6 0

3 years ago