Answer:
The correct answer is A. The time value of money.
Explanation:
In economic theory, the temporary value of money is intended to represent the idea that a dollar of today is worth more than a dollar of the future, even after adjusting for inflation, because a dollar can now generate interest or other returns up to moment in which the dollar of the future is received. This theory is based on the calculation of present or current value.
Autocratic Leadership Style: gives the leader or a manger the authority as a whole.
Participative Leadership- the managers or leaders consult with employees about work-related matters
Answer:
$3,400
Explanation:
The total amount of estimated manufacturing overhead is calculated as;
= Salary of production supervisor + Indirect materials + Rent on factory equipment
Given that;
Salary of production supervisor = $2,000
Indirect materials = $400
Rent on factory equipment = $1,000
Therefore, Estimated manufacturing overhead ;
= $2,000 + $400 + $1,000
= $3,400
Answer: These data are insufficient for calculating the elasticity of demand because we also need to know the <em><u>percentage decrease in the production of corn
.
</u></em>
The price elasticity of demand is defined as the percentage change in the quantity divided by the percentage change in demand.
The data gives the percentage change in demand in numbers (-25%). However, although there is a description of the effect of the drought on corn production, there is no numerical data that indicates the percentage change in the quantity. Hence this data is insufficient to calculate the elasticity of demand.
